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Monday, January 30, 2012

Mixed Picture - Ups and Downs in Indian Real Estate Market


There is a mixed picture in the Indian residential property market at present with some locations seeing prices and sales rise while they are falling in others.
Chennai’s central business district has seen the highest price increases due to surging demand, according to NHB Residex, an RBI-supervised mechanism that tracks housing prices in 15 cities.
However, prices in North Chennai, most notably Tondiarpet, Perambur, Dr Radhakrishnan Nagar and Narayanappa Garden, saw a fall due to slow infrastructure development.

Despite the economic slowdown, high interest rates and inflation, prices of houses in the city’s hotspots of Anna Nagar, Kilpauk, Nungambakkam, T Nagar and Adyar have been rising. Prices in areas close to Nehru Nagar, Chepauk and Marina rose 62% compared to the quarter ending in June.
‘Chennai’s residential market is expected to see unabated growth during the next few quarters. Active demand will be concentrated in locations closer to the city centre,’ said a recent report Cushman & Wakefield. House prices in Chennai have jumped 9% in the third quarter compared to the June quarter.
Prices in Virugambakkam, Anna Nagar, Kilpauk and Nungambakkam have quadrupled since 2007, when the National Housing Bank (NHB) begun the Residex for Chennai. The demand for residential units in Chennai is likely to see a compounded annual growth rate of 11% during 2011 to 2015.
Real estate consultants blame limited supply and huge demand for property for the surge in prices in the central business district. The city, awaiting the metro rail, monorail and extension of MRTS, will continue to see demand for property near these infrastructure developments, and a surge in prices seems natural, they believe.
But a slowdown in demand for residential properties has affected Ahmedabad’s real estate market. The latest quarterly Residex figures point towards an overall dip of 4% in real estate prices for the third quarter compared with the previous three months.
The western part of Ahmedabad has seen a rise prices largely due to upcoming car plants on the Sarkhej-Sanand stretch, and the metro rail project.But other areas like Prahladnagar, Ambli, Bopal, Jodhpur, Satellite, Solagam, Shilaj road, Vastrapur, Vejalpur, Ambawadi and Chandkhedagam has seen 5.46% in the same quarter.
But in the western zone that prices fell by 9.38% between January and September this year while the northern part of the city such as Buddhnagar, Saijpur-Bhoga, Sardarnagar and Vishnunagar prices have increased by 10.77%.
The central zone saw a rise of 7.51%, which includes areas like Bhadra, Dudheshwar, Gaikwad Haveli, Girdharnagar and Wadigam. The steepest fall in real estate prices was in south zone at 26.11%.

Wednesday, January 11, 2012

Feng Shui - Tips for Entrance Door and Hall....


Your main entrance door is the most important thing you should balance in the first place. Your main entrance to your home is the entrance for the energy and what kind of energy will come in your home depends upon your main door (whether it is balanced or not). Your main entrance will determine whether the Feng Shui of your home is good or bad.

Before even you think about feng shui of your home, protect and feng shui your main entrance first. Below are important feng shui tips for your main door.

1) Main door should be always of color according to your individual feng shui map.
     
2) Main door should look solid and protective.
   
3) Main door should open inwards
   
4) Main door should open into an open space.
   
5) Main door should look out to an open space.
   
6) Main door should not be under a toilet/bathroom
   
7) Main door should be located at one of your house's fortunate location     

8) Main door should face one of your personal fortunate direction.

9) Main door should not face a stair case or toilet

10) Size of main door should be measured to fortunate dimensions using a Secret emperors' sizes