Mysore, the second largest city of Karnataka, is located in the vicinity of India’s IT hub, Bangalore or Bengaluru. It is barely 140 kilometres from the capital city, Bangalore and is widely known for its festivities during the festival of Dusshera. Mysore is fast emerging as the next most preferred IT destination after Bangalore due to the congestion and resulting saturation of the country’s IT hub.

In order to support the growth bandwagon of IT leaders, Mysore has been chosen as the upcoming software nucleus. According to analysis of real estate sectors, it is actually the prospering of IT sector that brings about a boost in real estate trends of a city. Mysore is witnessing the launch of various IT projects, thus, leading to infrastructural developments and generating needs for expansion of real estate sector. Therefore, as evident by the increase in demand for both residential and commercial property and the consequent hike in property rates, the trends of real estate development in Mysore are no different. (more…)

Do you know if your land is in a flood zone? If not, you should. Even if your land does not flood yearly (or even every decade), you may need flood insurance to protect you from a flood that is destined to happen at some point in the future. Most homeowners insurance policies do not automatically cover a flood, even if your property is in a flood zone.

Knowing whether or not your home is in a flood zone is important whether you are a property owner, homeowner, or tenant. Youll need to know this information if you wish to determine the cost or apply for flood insurance. Its also important to know about the dangers of flooding so that youre not caught unprepared. Flood zones also have implications for public utilities, real estate development, and other actions on the land.

To find out if land is in a flood zone, youll need to look at a flood map. This map, which covers all areas of the United States, is produced by the Federal Emergency Management Agency, or FEMA, and is updated every few years. FEMA flood maps are available for free viewing on the internet. The process for determining whether your land lies in a flood zone is very easy. Simply find your property on the FEMA flood zone map. (more…)

As opposed to a pure senior living model, developers today are getting ready to launch inter-generational townships

Manohar Singh, a marketing professional who travels extensively, constantly worries about his father’s security and medical needs. The duo share a strong bond and yet cherish their independence. They’re looking for a modern housing option where they need not live under the same roof but at the same time stay close to each other. (more…)

A Singapore Property tax is a tax levied on properties in Singapore. This includes all types of properties such as HDB flats, factories, offices and vacant land. If you or your business owns property, you are liable to pay property tax.

The amount of property tax you have to pay per year is a percentage of the Annual Value of the property which you own. The Annual Value is the estimated yearly rent the property can fetch if it were rented out. The tax rate for owner-occupied residential property is 4% per year. The tax rate for all other properties is 10%.

Property taxes must be paid by 31st January each year. The Inland Revenue Authority of Singapore (IRAS) will compute the annual tax you need to pay and send you the bill in December. Instructions on how to pay property tax are also included in your bill. (more…)

Haridwar Greens, one of Uttarakhand’s largest integrated residential projects, was inaugurated by the state chief minister Dr. Ramesh Pokhriyal `Nishank.’

The project is being developed by Arrow Infra Ltd, promoted by The Hero Group, the two-wheeler and bicycle manufacturer. (more…)

Mangalore is the coastal city of Karnataka located on the Arabian Sea and highly blessed with breathtaking scenic beauty. It is one of the major ports of India that is around 300 kilometres away from the state capital, Bangalore. Mangalore is seen as the next IT destination as after exploring the market potential in Bangalore and Mysore, leading IT and ITes companies are moving to Mangalore.

According to reports by international property research agencies, the saturation of major IT hubs like Bangalore has lead to a boom in the overall development of tier-III and tier- IV cities. On their look out for new technology centres, corporate leaders are ready to establish their presence it tier-III cities like Mangalore. The main reason for giving preference to such upcoming cities is that:

- There is a lot of land available easily unlike the fully developed cities like Delhi, Mumbai, Bangalore, etc. that are now almost choked.

- The scope for development and leveraging huge returns on investments is much higher than in metro cities as they have already had a booming era.

- Property prices are much lower than in tier-I and tier-II cities and with government slashing the rates further to encourage more investments, corporate players evaluate  golden opportunities coming forth in smaller towns.  (more…)

Commercial property ­ shop, office space or plot ­ developed by DDA, is a safe buy

Arati Bhargava a C

People looking out for commercial property generally prefer to get those developed and sold by the Delhi Development Authority (DDA). That is because, first, the property has already been constructed; second it costs less than the market rate of the area and third, it is already be in a commercial zone.

In a DDA property the first buyer of the commercial space makes a completely safe buy. The reason being that he purchases it directly from the DDA and, therefore, there is negligible chance of any problem. When the DDA sells office space or shop it advertises inviting tenders. The person who bids the highest gets the shop. In the case of commercial space that is to be put on auction, the DDA declares the minimum reserved price and any bid thereafter has to be over and above that. (more…)

Getting a bank loan to finance a residential property purchase makes sense because you get to own a home early on in life and do not have to pay rent that escalates every year A look at the various options available

Many people might think that when there s an option of renting a house why should one take on a large liability and buy a house. The reason why they should (buy one) is that there is a major disadvantage involved in the process of renting a house. A tenant pays a monthly rent, and even after years of paying the rent no ownership comes to him/her.

On the other hand, there might be an equal amount e paid as an equated monthly installment (EMI) on a housing loan but the difference here is that the money is going for a property one will own. The real benefit from e the house comes in the form of capital appreciation. (more…)

Firstly we will discuss about the procedure of Remortgage. When a client’s mortgage deal is coming to an end, they may want to shop around for a new product – this is known as a remortgage. Staying with the current lender after the end of the agreed term of the client’s mortgage will be a matter for negotiations with the mortgage lender. If the existing mortgage lender is willing to offer a rate that is relatively eye-catching, the client may not want to bother remortgaging. If the client, however, has a lot of equity in his property then he may well be able to remortgage onto a more attractive interest rate and even release some of the equity in the property. Now you may be wondering what is ‘equity’, equity is the difference between the market value of the property and the value of the mortgage against the property. For example if your property is worth £250,000 and you have a mortgage of £100,000 against; the property the equity in the property is £150,000. However when you go to remortgage your property you will not be able to realise all of the equity in the property. (more…)

Of course you know that you probably have to pay taxes when you inherit property from a will or as a gift. You will also have to pay taxes when you sell that property. There are key things to know about the sale of property from an inheritance and taxes, and it is best to know them before you decide to sell the property.

First of all, it does not matter what the decedent paid for the property, it will be taxed at today’s fair market value. So, if your grandfather paid $10,000 for a house and left it for you, you need to know its current value because that’s what you will be taxed on. Let’s say you have that house appraised at $100,000 – that is what you will pay taxes on, not the appreciated value. The house appreciated $90,000 but you will be taxed on the full $100,000 because gifts are calculated only on your gain or loss, not your grandfather’s. (more…)