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$2.5 Million Apartments are Reality in Gurgaon Real Estate

Five years back, if youâ??d have talked about $2.5 million apartment in Gurgaon, near Indiaâ??s national capital Delhi, people would have put their fingers in mouth, but today it is reality. This cyber hub located in the northern part of India at the state of Haryana, is perhaps the city witnessing highest number of higher-end residential property projects in India, industry experts say.

As a matter of fact, as many as 10 mega higher-residential projects are under progress in Gurgaon real estate at different parts of city, and all of these projects are scheduled to be completed in between 2007 and 2009.

Slackening markets

The Gurgaon Real Estate markets are driven by investor, who is not willing to buy luxury houses, at current price levels, which hardly offer any room for growth and returns they expect.

Virtually, the property markets of Gurgaon are suffering from the oversupply, wherein real estate developers like DLF and Unitech have flooded the city with $1 million-$2.5 million apartments and penthouses, with projects like Aralias, Magnolias, Karma Lakelands and The World Spa.

Other majors like Emaar MGF and Parsvnath have also their pie in the segment with Palmsprings and Exotica, respectively.

What studies say?

The DTZ report confirms that the supply side has far exceeded the demand side and the margins over the sale of property are under pressure.

On this, the findings of Cushman & Wakefield, a consultancy firm, further bring things into perspective. Its reports say that housing properties in Gurgaon have overheated and prices have been touching the roof.

With this, the investors are not seeing the kind of returns that they had secured earlier from the deals, and that’s why their interest in buying residential property in Gurgaon is comparatively lower than it was a couple of years ago, MP Singh of Silver Estates informed.

Flip Real Estate In A Decline Economic Enviroment

Today, our world is going through a big economy crisis. A lot of investors in real estate go into bankruptcy, and only few of the big companies still stand. It affects the confidence of investors seriously, many investors choose to deposit their money into the bank but not invest in real estate. But hero always born in a hard time. If you make a good decision and invest in a real estate at present, I believe you will earn a big sum of money back. Following steps will increase your confidence.

Step1
The fed mortgage rate has been gone down.The fed mortgage rate is forecasted at 7% for 2009, and it is lower now. Keep your wants and needs close to heart and use your mind to find the right home now. If it is a smart decision, go bigger to stay at home. If you can afford it, now is the time to get a larger mortgage because it will be at a lesser rate than it will again anytime soon. Seize the rates of today.

Step2
The risk conceal the opportunities. Think of the current economy as a home sale of which you get to take advantage. Soon enough the economy will recover and you will have an excellent home and better mortgage rate than all those too shocked to act.Our economy has everyone terrified, but now is a great time to go after the home of dreams. Use the downturn to make things look up for you. This is quick set of tips for buying a home during a recession.

Step3
Good location exsit everywhere.You can find some great location for investment, and you only need to take advantage of a good deal and buy the house near a good school. Remember to choose to buy the house in good neighborhoods, even if the less attractive neighborhoods offer better deals,because there are many good location on other places. All of these will be benefit for your investment.

Step4
Taxes are paid back. If you apply some policies of reducing taxes at this time, you will get much more chances to success.Like china, their government has begun to save the market of real estate, and they are going to reduce much tax for flipper and buyer.

Learn To Flip Real Estate Quickly

A lot of the millionaires in the world got that way from flipping real estate. They are skilled at choosing just the right property and they know what it takes to bring in a profit. Not everyone has the skill to do that but all skills can be learned over time. There is a special talent in someone who can take a house off the market and transform it into something many would love to own. Ultimately that is your final goal.

For now you may want to focus on something a little bit more profitable for those of us who aren’t quite so talented. That is learning to flip real estate quickly. There are two ways to earn a good income in any industry. The first one is to be the best at what you have to offer. The second is to leverage your efforts with volume. Today we are talking about the latter. Get fast at what you do and you can flip that piece of real estate much sooner. The faster you get, the less you pay in mortgage payments and the quicker the profits roll in.

This is not to say that you should take shortcuts where it counts to be safe. You should always have the stability and safety of the purchaser in mind with everything you do to the home. To learn to flip real estate quickly means doing things like hiring 4 people to paint instead of just one, repair and paint a fence instead of putting in a new one and so on. Bring in crews to work for a couple of days rather than a couple of people to work for a month. This frees up much needed time for people like inspectors and agents.

Your goal is generally to get in do the work and sell it before the first mortgage even comes due. It will not always happen that way but the closer you can come, the more you will make.

There is no question that the current housing crisis has presented a unique opportunity for anyone interested in making money in the current real estate market. If you educate yourself, you can learn to flip real estate, so that you can make some serious money in 2009 and beyond. Of course there is much that you should know before you venture out and start looking for foreclosed homes on the market. That’s where we come in.

A new course is being released soon that is designed to train anyone how to take advantage of this lucrative opportunity. The course is designed by a well known real estate investor, Charrissa Cawley, and will equip you with all the knowledge and skills you need in order for you to become a successful property investor in your own right.

CLICK HERE to get more information and sign up to be one of the first to take advantage of this once in a lifetime opportunity.

Toronto Real Estate – a Strong Market Trembles, Recovers

Toronto is Canadaâ??s most promising city. It has a lively culture, impressive architecture, a diverse history and an educated, affluent population. The real estate market in recent years has been largely immune to the foils experience in other parts of the country. For the most part, residential and commercial properties maintained or gained ground in recent years.

But since 2007, when the rest of the country was hardest hit by a global recession, Toronto too deflated. No city is immune to a recession as powerful as the one now sweeping international locales. For a long time, though, Toronto seemed to defy the trend. It seemed to have the right combination of economic might and international attraction, coupled with gleaming new buildings and clean public parks.

So it was surprising and anticipated when the Greater Toronto Realtors last week released the bleak numbers on Torontoâ??s market.

Greater Toronto Realtors reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. â??According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,â? according to TREB President Maureen Oâ??Neill.

The average GTA price mid-way through January is $332,495 from $367,574 during the same period in 2008. The median GTA price was $301,000 compared to 316,000 last year. â??While sales have declined, listings have remained high. GTA home buyers have benefitted from more choice,â? explained Ms. Oâ??Neill. â??Historically, increased choice in the marketplace has equated to a moderation in price growth.â?

In January 2009, stronger declines in sales and prices were experienced in the City of Toronto. â??Sales for January a year ago may have been elevated by the flurry of transactions completed before the cityâ??s land transfer tax went into effect,â? added Ms. Oâ??Neill.

â??The cost of home ownership in the 416 has increased due to the added land transfer tax many home buyers now face in the City of Toronto. Some households considering the purchase of a home in the City have either put their decision on hold or looked elsewhere in the GTA.â?

As these numbers demonstrate, Toronto is precipitously close to its own real estate crisis. But it has certain things working in its favor. The first is the cityâ??s beauty. While this does not stave off a recession, Torontoâ??s appeal entices tourism and a population that celebrates its surroundings. It is also a relatively new cityâ??where its wealth and property developments are concerned. This allows Toronto to grow at a rate that is convenient for its welfare.

For many residents, the real estate slowdown is a good thing. Home prices will fall, and as much of the population has the capital, good credit and job security it takes to buy, many people are exploring new real estate options.

A Healthy Attitude For A New American Real Estate Scene

I spent several hours recently reading blogs, magazine and newsprint articles written by some of the country’s top economists. I was trying to get a sense of where the U.S. economy is headed and gain some sort of insight as to when things might get back to “normal.” The reality is, what we had come to think of as normal really never was.

The United States has been on a completely irresponsible fiscal joy ride (some would call it a demolition derby) for many years. Unbridled greed at all levels of the financial markets was unleashed by deregulation of the financial industry and unrealistic mortgage terms. The Madoff & Stanford revelations, the huge cost of the wars in Afghanistan and Iraq, partisan politics, etc., indicates how badly we lost our way. As a society, in some way, almost everyone contributed to the fiasco through our collective mindset. This is our wake-up call.

Our country and the rest of the world will see some extremely rough bumps and scrapes along the way, but I think the fear factor will be the biggest personal and collective challenge of all. Our imaginations can be our greatest friend or worst enemy. One thing I’ve learned over the years is that almost nothing is as good or as bad as we think it will be. And, clearly, it feels better to be an optimist than to be a pessimist, so why not look on the bright side of adversity? Those who are looking for good signs will find support for optimism, while those looking for bad signs will find support for their pessimism. Oddly enough, either one can be right if their attitude becomes the mindset of the mainstream. Collectively, we’ll hit our target because it’s the only one we can see.

I’m an optimist by nature and I believe that every adversity carries with it the seed of opportunity. While fortunes have been lost in the past year, others have been made as the economy flounders. I’ve been making the case for buying more real estate while the market is depressed. That view is stronger now than ever as the pendulum has swung way too far to the negative side, emotionally as well as price wise. Savvy investors are taking advantage of the current super low real estate prices (far below replacement costs) while they can. It’s times like these when real estate millionaires are made. And cash, as always, is king.

Direct Participation Mortgage Programs, as well as other private investment vehicles have grown very slowly recently, which is no surprise. Personally, I’m seeing only a handful of new private investors coming on board since the economic meltdown. They are the ones who want to be ready to grab the commercial real estate opportunities as they appear in 2009. We want to be sellers when liquidity is restored to the financial markets. It’s an exciting time for those who follow the workings of market cycles.

It’s important to accept the profound changes occurring all around us, changes that shake up our cozy little worlds. We need to be able to adapt. One thing for sure, American life as we have known it WILL change—perhaps permanently. Maybe the lessons we’re learning (and about to learn), aren’t so bad for us after all, even if they’re painful.

In about 50 B.C., Homer, the Roman poet and satirist said, “Adversity has the effect of eliciting talents which in prosperous circumstances would have lain dormant.” He also said, “Cease to ask what the morrow will bring forth, and set down as gain each day Fortune grants.” Although many things have changed since Homer’s time, some things remain the same. Attitude is everything!

Flu and Recessions: Fear and Reality Catalysts That Affect Commercial Real Estate

As I wrote in “Technology’s Effect on Commercial Real Estate in a Recession”, the recession becomes a possible catalyst for more telecommuting and less use of office space. The point of that article was not just that technology is the enabler of a telecommuting trend, but also that it sometimes takes a catalyst to bring on the complete consequences of an impending trend. In the last couple of days, many around the world woke up to headlines about the possibility of a Swine Flu Pandemic, and we found ourselves with yet another possible catalyst. With the fear, be it an overreaction or not, of a full pandemic looming, the thought of going into an office with several hundred or even thousands of people does not seem very appealing, let alone taking public transportation to get there. One would guess that anyone with telecommuting capabilities may have chosen to stay home within the last few days.

My position still stands on technology’s effect on certain commercial property types placed in that original article; and to extrapolate further, it is important to understand what would happen if this does develop into a full pandemic. Not only would office space be affected as well as the retail spaces that are associated with them, but it may reach further into the consumer supply chain. For example, in some areas of North America, online grocery shopping has taken off but not as much as many have expected. However, to use Malcolm Gladwell’s terminology from his now famous book, “The Tipping Point”, it has not tipped into a fully fledged consumer trend or epidemic like say a Netflix or iTunes. However, if the thought of going to the grocery store and catching a flu sounds too risky all of a sudden, it may get new people to try out online grocery shopping for the first time. Once shoppers start ordering their groceries online, would it then create the possibility of them continuing to do their shopping online even after the fear has passed? Also, by shopping online and telling their friends and family they are doing so because of the fear of catching the flu, would it also convince others into grocery shopping online as well?

Grocery stores are just one example, but overall, any place that is going to have a lot of people together in a closed off area is probably going to be avoided during a flu pandemic (or the fear of one). That being said, the mall would also be a place you would avoid, and that could lead to new online shoppers. The point of all of this is that catalysts help make natural trends happen faster. I, like many, believe that the natural order of things will lead to more and more movement into cyberspace by both businesses and consumers. What makes a flu pandemic interesting is that it could start to hit the large retail properties. We are not talking about 2,000 sq ft Blockbuster stores anymore; in this situation it would start to hit your 10,000+ sq ft superstores. That becomes extremely concerning, not only for the superstores themselves, but for all of the additional retailers that surround superstores and feed off of their business.

Before you go and start selling all of your commercial real estate, realize that we are talking about extreme scenarios and not something that would happen overnight. Adjusting investments solely based on the probability of a full blown flu pandemic is about as strategic as hitting on 19 in blackjack. It does however force us to contemplate the fragility of current business models that depend on physical space. These stubborn models based on bricks and mortar attributes are being threatened by new models utilizing technologies that are cheaper, faster, and in this hypothetical case, safer for the consumer. One example of new technology models taking over an old industry is the online company BasicFunerals.com. It looks to be the first fully online funeral and cremation service that doesn’t own a physical property. Without the large overhead, they offer all the services of a funeral home at close to half the price. This is one example of an old model that nobody thought would change. This is not to say that all commercial real estate will suffer from a move to cyberspace; other types of commercial real estate could either thrive or see no effect. For instance, a retail superstore like Costco, depending on location, could be more of a centrally located warehousing type facility to deliver products to consumer’s homes. In my opinion, property types like multi-family and small mixed-use should also not be affected by this as people need a place to live, and corner stores compared to malls are more practical for an increasingly home bound world. Also, as discussed in the previous article, “Technology’s Effect on Commercial Real Estate in a Recession”, I spoke about office space in general being affected negatively by more telecommuting. However, I do believe that medical office space could do very well, especially with an aging population.

What is significant to consider, is that it may just take the fear of something like a flu pandemic to be the catalyst without the actual event taking place. When the markets have fear, selling off equities and a flight to alternative investments like gold and other precious metals is a common theme, so fear based investing or divesting is not anything new. For that matter, I believe, like many others, that we are likely headed for a double dip recession where inflation created out of government “over-stimulus” would crush a fledgling recovery and start a much longer, painful recession. Either way, the businesses that have moved to telecommuting out of the need to cut costs while trying to maintain productivity, will not be leasing new office space anytime soon. For that matter, retail outfits that are in fear of a drawn out recession won’t be looking for new retail space either. The fear of a flu or the reality of a recession results in changing business models whether we like it or not. For more close minded individuals that feel a physical space for business is essential, ask yourself and your friends if they have ever gone to a record store after downloading songs onto their iPods, or the last time they went to a video store after using ON Demand or Netflix, or if they still have a newspaper subscription. Change is only feared when one is not willing to adapt. Are you?

Copyright: Dominic Mazzone, Regent Global Funds, 2009

This article was written by Dominic Mazzone, Managing Partner and Fund Manager of Regent Global Funds.

This article and other like it can be viewed at www.investingsymposium.com which is part of the Regent Global Funds Network.

Regent Global Funds, is an alternative investment fund that offers its participating investors and asset backed investment through asset based lending.

The Fund Managers of Regent Global Funds have an expertise in commercial real estate lending and have created a successful alternative investment vehicle that is diversified through this structure. They separate themselves from other fund mangers by personally investing their own money side-by-side with their investors in the fund, creating an absolute structure of accountability. Dominic Mazzone has written about the need for this type of accountability in an article titled “Fund Managers Need to be Accessible and Personally Invested.”