Real Estate: Property valuation methods

Real estate property valuation is one of the essential components of a property transaction. Property valuation depends on whether you are building, buying or selling a property. In this article, we will discuss the various property valuation methods.

Investment method

Investment method takes into account the discounted cash flow and the future cash flow i.e, a return on investment that the property can bring to the investor.

Comparative method

As the name suggests, this method relies upon comparison. In this method, property values of similar properties are compared to arrive at the capital value. This value might be higher or lower than the initial value.

Cost method

Real estate builders adopt this method when there is a scare in the market. In this method, an estimate of the value of the replacement of the property is taken into account along with value of vacant building and land due to depreciation in prices.

Profit method

This method deals with the profit acquired from a property and capitalizing on it. This method is used to calculate property values of hotels, marriage halls and cinema theatres.

Factors affecting valuation of a property

The following factors affect the value of a property.

• Security
• Infrastructure
• Civic amenities
• Structure of the property

Final home buying checklist before purchasing an apartment

A last home buying checklist is extremely vital as it tells you that everything is well with your new home. In this article, we will discuss the final home buying checklist.

Check the power outlets and appliance

It is essential to check the power outlets and ensure that there are no loose wires since they can result in fatal accidents. Check out each outlet and turn all the switches to make sure that they are working properly.

Look at the general condition of the house

Before making the final payment to the real estate developer, it is important to survey the general condition of the house. Properly look at the walls and look out for insects. Ensure that the cabinets are free from all scratches and cracks.

Confirm for fire safety equipment

Today many real estate companies install fire safety equipment in apartments. Ensure that the apartment has carbon monoxide and smoke detectors. Also, ask your developer for a fire escape plan.

Examine the roofs and toilets

Properly examine the toilets and the roofs. Look at the sink and toilets to ensure that everything is in proper shape. Check the taps of the kitchen and bathroom and make sure that the roof is devoid of any leakage.

Benefits of green roofs

Green roofs are an important aspect of green construction. These roofs not only offer environmental benefits, but also have many economic and social benefits. In this article, we will discuss the benefits of green roofs.

Improvement in water and air quality

Green roofs reduce the heat island effect and remove airborne particles along with volatile organic compounds. This improves the quality of air. Eco-friendly Real estate companies surfaces also absorb the harmful particles and prevent their entry into the water system.

Boosts the lifespan of roofs

Because of constant exposure to UV rays of the sun, a thermal fluctuation reduces the lifespan of roofs. Green roofs create a barrier that protect the underneath membranes from UV rays thereby boosting their lifespan.

Numerous health benefits

Green roof offers numerous health benefits. It reduces stress and improves blood pressure and heart rate. They help in faster recovery of patients post-surgery.

Rainwater management and improvement in microclimate

Eco-friendly roofs cool the surrounding air and improve the microclimate. They also enable rainwater management and cut down water run-off by nearly 50%.

Today, there are many real estate developers involved in constructing green apartments and green roofs. Real estate companies are adding green projects in their portfolio to boost sales. With numerous benefits, the demand for green roofs will only increase in the coming days.

Tips for marketing luxury apartments

Marketing luxury apartments require special expertise. In this article, we will discuss certain tips that will come in handy while marketing these apartments.

Right pricing

It is essential to price these apartments right to attract buyers. It is important to keep prices according to the existing market rates. Quoting an unjustified price will dent buyers’ confidence.

Use as many mediums as possible

It is essential to use as many mediums as possible to reach out to buyers. Print, broadcast and online media will help you reach out to maximum buyers. Do not limit to a single medium.

Put up quality photographs

Photographs play a vital role in marketing premium apartments. Real estate builders and agents use high-quality photographs while marketing high-end projects. Ensure that the photos cover every room and highlight all the amenities.

Offer extra

Offering extra always helps. Extra incentives such as electronic gadgets, imported furniture, etc. entice buyers and can bridge the gap between the selling price and the one quoted by the buyer.

Property viewing

It is handy to show the property to customers personally. Customers must know what actually they are purchasing. It is essential to make homes look bright.

It is vital to remain patient while marketing high-end apartments. You must prepare to answer all the questions of buyers.

India attracting massive real estate investments

The conducive real estate environment existing in India is making it one of the most profitable real estate destinations in the world. According to real estate consultancy Cushman & Wakefield, investment volumes in the country rose to $ 5 billion in 2014 as compared to $ 2.1 billion in 2013. The figure reached is the highest in the last five years and has helped India rank among the top 20 highest priority investment destinations in 2014.

Rising confidence of investors

The massive rise in real estate investments is a proof that investors are gaining confidence in the Indian real estate sector. The reforms undertaken by the Indian Government have made it easy for investors to do business in the country. It is to be noted that the Government had relaxed FDI norms to pump in more foreign funds into the sector. Setting up of real estate investment trusts (REITs) has also bolstered confidence of investors.

Residential sector received the highest investment ($2.6 billion), closely followed by the office sector ($ 2 billion). The innovative approach taken by real estate companies in India has caught the attention of buyers as well as investors. The reviving economy has also boosted the confidence of investors and real estate developers. Global investment volumes are expected to rise by 11% in 2015 to $1.34 trillion. The rising volumes augur well for real estate builders and the sector that is looking to touch new heights in the coming days.

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Disclaimer:
All the images, pictures, animations and interiors of the project in the video are artistic impressions and do not represent the exact nature of the features and amenities.

Viewers are requested to contact the marketing team (by e-mail, phone) at the time of booking for the exact nature of the features and amenities.

The e-mail address is : sales@gopalanenterprises.com and the Contact Numbers are :+91 8197511113, +91 8197411113, +91 8197811113, +91 8971211113.

Tips for first time Home Buyers Bangalore

Here are some tips for first time home buyers.These tips will make the home buying process easy for buyers.
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Smart ways to decorate a small apartment

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The best places to purchase homes in Bangalore

Over the years, Bangalore’s real estate has grown at a phenomenal pace. Infrastructure development coupled with high living standards has aided the growth of the city’s real estate. Let us see some of the best places to buy homes in Bangalore.

Whitefield

A strategic location in East Bangalore, Whitefield is one of the fastest growing suburbs of the city. It enjoys great connectivity to other parts of Bangalore and is one of the most sought-after places to purchase apartments in the city. Real estate developers offer a range of apartments here ranging from 1BHK to 5BHK. All the apartments boast of top-class features. Whitefield is the home to some of the most luxurious apartments and villas.

Indira Nagar

Superior physical and social infrastructure of Indira Nagar makes it one of the best places to purchase homes in Bangalore. The area enjoys robust connectivity to other parts of the city thanks to Namma Metro and BMTC buses. Top-notch civic amenities and central location have aided the growth of Indira Nagar. High return on investment is another factor aiding its growth.

Vijayanagar

One of the most affordable housing destinations in the city, Vijaynagar is gradually attracting buyers’ attention. Due to its proximity to important centers, Vijaynagar has seen the launch of several prestigious residential projects in Bangalore. The area is well-served by buses and is set to witness more developments in the days to come.

Hebbal

Hebbal is the home to some of the most luxurious properties in Bangalore. It is also the home of several IT parks. Its connectivity to major roads makes it extremely lucrative among investors and buyers. It also offers a high return on investment and property rates of the place will soar in the days to come.

Brookefield

Brookefield is one of the most admired places in Bangalore. Many developers have launched high-end projects in the area. With several malls, parks, affordable houses and flats Brookefield is a resident’s delight. It also has many reputed international schools and its proximity to IT parks makes Brookefield one of the best realty destinations in Bangalore.

Factors determining the future growth of the Indian Real Estate Sector

The real estate sector is one of the significant segments of the Indian economy. Over the last few years, it had slowed down because of an economic meltdown. However, it is slowly gaining momentum, thanks to several investor-friendly policies announced by the new Government. Let us see the factors determining the future growth of the country’s realty sector.

Real Estate Investment Trusts (REITs)

REITs will be the game-changers for the country’s realty sector. These trusts exist in many countries of the world and have had a positive influence. These trusts will bring more transparency in the sector and will solve the liquidity problem for developers. They will make the realty segment more competitive and help it touch new heights.

Smart cities

The new Government in its maiden Budget had announced development of 100 smart cities in the country. These cities offer a great opportunity for real estate developers to boost their profits. Some of the existing smart cities in India are witnessing a growth of approximately 10%. These cities are perfect for investors willing to invest on a long-term objective.

Affordable housing

In India, there is enough scope for affordable housing. The Government has already made it its priority. With the relaxation in FDI norms, the segment will witness a sustained growth. The relaxation would allow real estate companies to complete housing projects on time on a lower budget. This will make houses affordable to all.

Growth potential of tier II and tier III cities

Tier II and tier III cities offer immense growth potential. Prominent real estate companies are launching mega projects in these cities. With metro cities coming to a saturation point, developers require new cities to launch their projects. A large number of non-resident Indians (NRIs) are showing considerable interest in these cities to buy apartments.

Innovation

It is another important factor determining the growth of the country’s realty sector. Developers with innovative projects will reap huge benefits in the days to come. Innovation in terms of design, architecture and amenities are critical in luring customers.

With the realty sector forming an important part of the Indian GDP, it is vital for it to grow substantially. The above factors will play a crucial role in the strengthening of the sector.