With the Real Estate sector boom, India has seen a number of Internet Portals mushrooming to cash in the growth story.
Here's a list of such internet portals here:
1. http://www.99acres.com - 99acres.com is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively.
At 99 acres, you can advertise a property, search for a property, browse through properties, build your own property Microsite, and visit other Indian and International sites.
2. http://www.magicbricks.com - magicbricks.com is a high-end property portal that caters to a global market with its unique services and novel online features. Having been launched in the year 2006 by Times Group, Magicbricks has quickly risen to being the No. 1 Property Portal in India.
3. http://www.makaan.com - Makaan.com is an online real-estate service committed to helping you make wise and profitable decisions related to buying, selling, renting and leasing of properties, in India and key global geographies. Makaan.com will provide a fresh new approach to our esteemed users to search for properties to buy or rent, and list their properties for selling or leasing.
4. http://www.indiaproperty.com - ndiaProperty.com provides in-depth information on buying, selling and renting out properties in India. The portal provides an ideal medium for independent owners, real estate agents and builders to advertise their listings on the Internet and for potential buyers to search for properties in a private, hassle free environment.
5. http://www.realestateonline.in - Real Estate Online is India's online commercial & residential premium real estate website, connecting property owners and brokers to tenants and investors. Real Estate Online offers products and services catering to the national and local needs of the Indian real estate industry. We specialize in all commercial and Residential real property categories including office space, Shops, commercial land, industrial property, House, Apartments, Villas and businesses for sale, rent and lease. We also feature premier real estate directory in India for real estate agents, property dealers, builders and potential buyers of Indian property globally. Real estate Online helps to search property in India, buy and sell Indian property and also find useful information & resources to help you take wise and an informed decision about real estate in India.
6. http://www.mypropertyindia.com - Property India Resources- Property in India for sale, rental property, residential property, commercial property, listing of property dealers India Buy or Sell property on MyPropertyIndia.com and be part of India’s fastest growing property network.
7. http://www.indianground.com - IndianGround.Com is an online endeavor to streamline a much chaotic real estate market in India. If you intend to add real estate investment in your overall investment portfolio or looking for the most productive commercial property, residential property or any other form of investment property, look no further.
8. http://www.indianrealtynews.com - IndianRealtyNews.Com offers a vivid glimpse into the burgeoning Indian real estate by providing up-to-date property news, including top stories concerning ongoing real estate trends in India and the potential complexities witnessed by the market that meet the eye. The resource also reveals the latest in NRI investments and FDI statistics leaving prospective readers with food for thought and enlightenment.
9. http://www.indiaproperties.com - Indiaproperties, India’s largest and most comprehensive Property Listing Company. Through its easy-to-use Listing Services, Indiaproperties assists individual customers and real estate industry professionals in the sale, purchase and leasing of all types of property located across the length and breadth of India. Indiaproperties leverages technology extensively to offer the most effective and efficient medium that also provides the best value for money.
10. http://www.realestateindia.com - Real estate India is one of the largest portals offering fastest and safest solutions of property in India. Being a part of real estates sector, Real estate India.com your online property promotion partner provides you most profitable options for the investment in the world of real estate. Real estate India provides you with most beneficial online platform to approach the potential buyers & sellers for your property. With the growing demands of property in India, Real estate India provides you the India’s best solution for Commercial, Residential, Industrial & Agricultural Property and other real estate services.
Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Wednesday, January 21, 2009
Tuesday, January 20, 2009
Real Estate
The Real Estate Shakeout Hits Greenwich, Conn.
Holy subprime mortgages! Even hedge fund heaven can’t escape the real estate downturn.
Home prices in Greenwich, Conn., dropped 7 percent in 2008, the biggest decline in three decades, as job cuts and turmoil in the highly troubled financial industry took their toll. Prudential Connecticut Realty told Bloomberg News that the number of single-family houses sold last year fell to 460 from 726 a year earlier.
“We are directly affected by the financial world — and that’s suffering,” said John W.M. Cooke, a Prudential real estate broker who keeps track of home sales and prices. “So that was the biggest factor in our house sales last year.”
Even with a 7 percent decline, however, the median price of a home is still $1.95 million in Greenwich, a favorite spot for many hedge funds and their multimillionaire and billionaire managers. One in particular, Steven A. Cohen, who runs SAC Capital, has been seeking to expand the 35,000-square-foot house he bought for $14 million in 1998.
Last year’s drop in the average Greenwich home price was the biggest since at least 1977, Mr. Cooke told Bloomberg News. The number of sales at the top end of the Greenwich market, those houses priced above $5 million, fell by more than a half, to 53 last year, from 113 in 2007, Prudential said.
Real Estate Agents Flock To Help Others In The Community
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FlamingosHere is a great story of Utah Keller Williams agents raising money for a cancer patient in their community with a bit of humor.
The agents are placing a lawn full of plastic pink flamingos in fundraisers lawns as a prank that does a great deal of good.
Someone got a “flocking” Monday night in Lehi. Just before 9:00 p.m. several intruders – some disguised as giant, pink birds — sneaked onto to the snow-covered front lawn and planted a flock of 3-dozen pink, plastic flamingos along with a sign from the K.W. Cares Foundation. The sign says you’ve been flocked for charity.
The covert team did its deed quickly and silently. But before they left, they could not resist tipping off the unsuspecting homeowner. In unison the screamed, “You’ve been flocked.” Then they jumped in their waiting cars and took off.
“Flocking” is just one of the fundraising tools of the Foundation. The Keller Williams Westfield Real Estate Network established the Foundation. Shae Goodwin said, “K.W. Cares is a program designed by real estate agents to help real estate agents in need. That’s what this is about – helping others.” via ABC 4.com.
The bigger picture here though is that real estate agents as a group do a disproportionate share of community service. The stereotype of agents is often at odds with the service record they fulfill.
I wonder how we can change this perspective?
The USC Lusk Center for Real Estate has issued a forecast saying that the commercial market won’t grow for two years.
Lusk Center Chairman Stan Ross reported that “a lack of liquidity remains the major obstacle to a recovery in the commercial real estate markets at least until the end of this year.”
Ross projected that real estate markets, both commercial and residential, will start to recover in Q4 ‘09 — but only slightly — “with another full year before they grow again.” Factors responsible for depressed growth include retail bankruptcies, bank closures, unemployment and an oversupply of office space, he said.
“We will also see a curtailed supply of new construction, more focus on cash flow, new incentives for tenants, greater equity required of borrowers and increased government regulation,” Ross said.
Ross predicted that many office, retail and condo projects will go back to lenders this year because cash flows have declined and, more importantly, debt coming due cannot be refinanced while credit is scarce.
Borrowers can avoid foreclosure with creative restructuring, giving the lender an equity position in return for a lower interest rate or getting a temporary moratorium on principal payments, Ross said. Borrowers should demonstrate a willingness to take action by selling assets to raise cash or getting new equity investors.
“Now is the time for building owners to carefully weigh each project’s risk and return, tallying the long-term keepers versus the ones slow to recover. Some projects should be resized. Sometimes the right product type in the right location should be frozen so it can be ‘unwrapped’ when the conditions are right.”
Lusk’s Director Richard Green added that now would be a good time for developers in a strong financial position to buy up such building materials as wood, steel and concrete to take advantage of falling prices. Green and Ross added that the slow market also provides an opportunity for well-capitalized opportunity funds to buy distressed assets or debt at a deep discount:
Infrastructure Opportunities in India are great.
Holy subprime mortgages! Even hedge fund heaven can’t escape the real estate downturn.
Home prices in Greenwich, Conn., dropped 7 percent in 2008, the biggest decline in three decades, as job cuts and turmoil in the highly troubled financial industry took their toll. Prudential Connecticut Realty told Bloomberg News that the number of single-family houses sold last year fell to 460 from 726 a year earlier.
“We are directly affected by the financial world — and that’s suffering,” said John W.M. Cooke, a Prudential real estate broker who keeps track of home sales and prices. “So that was the biggest factor in our house sales last year.”
Even with a 7 percent decline, however, the median price of a home is still $1.95 million in Greenwich, a favorite spot for many hedge funds and their multimillionaire and billionaire managers. One in particular, Steven A. Cohen, who runs SAC Capital, has been seeking to expand the 35,000-square-foot house he bought for $14 million in 1998.
Last year’s drop in the average Greenwich home price was the biggest since at least 1977, Mr. Cooke told Bloomberg News. The number of sales at the top end of the Greenwich market, those houses priced above $5 million, fell by more than a half, to 53 last year, from 113 in 2007, Prudential said.
Real Estate Agents Flock To Help Others In The Community
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
FlamingosHere is a great story of Utah Keller Williams agents raising money for a cancer patient in their community with a bit of humor.
The agents are placing a lawn full of plastic pink flamingos in fundraisers lawns as a prank that does a great deal of good.
Someone got a “flocking” Monday night in Lehi. Just before 9:00 p.m. several intruders – some disguised as giant, pink birds — sneaked onto to the snow-covered front lawn and planted a flock of 3-dozen pink, plastic flamingos along with a sign from the K.W. Cares Foundation. The sign says you’ve been flocked for charity.
The covert team did its deed quickly and silently. But before they left, they could not resist tipping off the unsuspecting homeowner. In unison the screamed, “You’ve been flocked.” Then they jumped in their waiting cars and took off.
“Flocking” is just one of the fundraising tools of the Foundation. The Keller Williams Westfield Real Estate Network established the Foundation. Shae Goodwin said, “K.W. Cares is a program designed by real estate agents to help real estate agents in need. That’s what this is about – helping others.” via ABC 4.com.
The bigger picture here though is that real estate agents as a group do a disproportionate share of community service. The stereotype of agents is often at odds with the service record they fulfill.
I wonder how we can change this perspective?
The USC Lusk Center for Real Estate has issued a forecast saying that the commercial market won’t grow for two years.
Lusk Center Chairman Stan Ross reported that “a lack of liquidity remains the major obstacle to a recovery in the commercial real estate markets at least until the end of this year.”
Ross projected that real estate markets, both commercial and residential, will start to recover in Q4 ‘09 — but only slightly — “with another full year before they grow again.” Factors responsible for depressed growth include retail bankruptcies, bank closures, unemployment and an oversupply of office space, he said.
“We will also see a curtailed supply of new construction, more focus on cash flow, new incentives for tenants, greater equity required of borrowers and increased government regulation,” Ross said.
Ross predicted that many office, retail and condo projects will go back to lenders this year because cash flows have declined and, more importantly, debt coming due cannot be refinanced while credit is scarce.
Borrowers can avoid foreclosure with creative restructuring, giving the lender an equity position in return for a lower interest rate or getting a temporary moratorium on principal payments, Ross said. Borrowers should demonstrate a willingness to take action by selling assets to raise cash or getting new equity investors.
“Now is the time for building owners to carefully weigh each project’s risk and return, tallying the long-term keepers versus the ones slow to recover. Some projects should be resized. Sometimes the right product type in the right location should be frozen so it can be ‘unwrapped’ when the conditions are right.”
Lusk’s Director Richard Green added that now would be a good time for developers in a strong financial position to buy up such building materials as wood, steel and concrete to take advantage of falling prices. Green and Ross added that the slow market also provides an opportunity for well-capitalized opportunity funds to buy distressed assets or debt at a deep discount:
Infrastructure Opportunities in India are great.
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