News And Updates

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Houston ranks as one of the top U.S. cities for selling or buying a home, particularly a townhome. Prices have been fairly consistent, and you will seldom see a slow market, especially if you start to look downtown or in the surrounding popular areas.

There is a difference between a single family home and a townhome. Single family homes have more maintenance work and repairs that you need to do yourself whereas townhomes have their maintenance, landscaping, or any other upkeep of amenities built-in to their communities. Aside from often being well-maintained compared to single family homes, these townhomes also have better security and location.

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Similar to other investments, the only thing that matters at the end of the home ownership process is a little piece of paper. This paper is called Title or Deeds. It is given to you when you bought the property in cash or you have already settled all the outstanding debts in owning the house. The Title or Deeds means that you now own the house and you maintain legal rights concerning the property. It is essential that this documentation has to match the records in the local authority where you reside. Deeds are also used in attaining the title of the property.

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Because of rising land costs in Jaipur, the real estate focus has already shifted to peripheral areas. However, this has only been true to real estate developers and not from the end users themselves.

According to a Narvik Nirman employee Vivek Jain, there are a lot of developers launching township projects but the one making speculative investments are mainly investors rather than the end user. Peripheral areas usually lack infrastructure facilities and connectivity. For the middle income group, it is very difficult to choose between the periphery and the city because they cannot afford a car to travel long distances like the upper income group.

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There are a lot of integrated township projects in Jaipur that are hosted by metropolitan as well as local city developers like Parsvnath, Ansals, Vatika, MGF, DLF, Suncity, Omaxe, Narvik Nirman, and the Narayan group. The average cost per unit is ranging from Rs 1,500-1700/sq ft as compared to the city where the prices are between Rs 3,500-4,500.

Also, the Unique group has launched a township in Ajmer road with 3,500 units. These units include 3BHK (18 lakhs), 2 BHK (15 lakhs) as well as studio apartments (8 lakhs). Also, Narvik Nirman launched their Pearl Springs project with 3BHK (1,450 sq ft) for Rs 20-22 lakhs and 2BHK (1,040 sq ft) for Rs 16 lakhs.

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Jaipur is both a hi-tech and a heritage city. As such, its real estate market was always attracting end users as well as investors. The majority of buyers are the middle to upper middle classes, and in the last three years, residential values have escalated three times already.

A significant trend in the residential market of Jaipur is the fact that people are now moving up from villas to apartments, maybe primarily because of security or safety. In fact, Jaipur Development Authority said that two to three years back, the thrust was in plotted development, but now there is an apartment craze going on.

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According to Irene Thomas, the operations manager of Auction Finance, the rental market in Manchester is still good due to the rise of buy-to-let investors. The same idea has also been said by Tom Rogers, who is a consultant of residential investments in the area.

Based on these expert opinions, it would look like further developments are still continuing to be optimistic than some can imagine. The fact that there are 100,000 students in the area would mean that the buy-to-let market would make sense for investors since they can already cover their mortgage through the student’s rent. The market will also receive a boost from parents that wants to buy a flat for their children.