Archive for April, 2009
Delhi Metro Sets Benchmarks For Commercial Properties Diversifies Into Real Estate
Delhi metro has changed the way the city moves. But that is history! The latest feather in Delhi Metro Rail Corporation DMRC’s cap is its real estate portfolio and creation of some world class commercial properties in Delhi.
The IT PARK at Shastri Park is one such example which has done wonders for properties around. This unique building which is NBC National Building Code 2005 compliant is one of best intelligent buildings in the Asia Pacific region with a refined building management system in place. Built over a land area of 6hectares of which 1hectare is the constructed area IT Park’ Block 1 is being taken up by Genpact 80 with a few other tenants such as Central bank and Heritage Solutions Nokia.
According to a DMRC spokesperson they had to fight several barriers including the location of IT Park at what was then a down market ‘close to Seelampur’ area. It was a tough job ‘literally’ too as the land at Shastri Park was uneven and 7meter below level. To level this area DMRC had to perform an earthfilling exercise. However the conviction which DMRC had all along was that if an IT park could be provided for within Delhi and that too on the metro corridor there would be enough takers. Still the project has
And the result was beyond all expectations today there are over 3000 employees commuting everyday to the IT Park in Shastri Park from various parts of Delhi NCR. There is a surge in property demand from corporates as well and after the absorption of space in one block by Genpact the second one will be ready by December 2007 and will be taken up by Accenture. Plans for Block 3 are in the pipeline and tendering is taking place.
The rental values in this part of Delhi here have escalated from Rs 40 per sq. ft per month to Rs 60 per sq ft per month and additional Rs 6per sq. ft per month is further added over the rental value for maintenance. The coming up of IT Park has positively impacted the Shastri Park area and has changed the profile of real estate markets now malls are coming up in vicinity such as Welcome and Shahdara station. Another positive sign for Delhi properties!
About the writer: For more information on India Properties visit magicbricks.com here you can also know about Mumbai Properties.
Creating A State Specific Rental Contract Online
The rental population makes up a significant portion of the national housing market. Moreover despite the current state of the real estate market more people are beginning to see the value of investing in rental properties. However being a property owner is no easy task and writing a rental contract is only one of the many tasks you will have to deal with on a regular basis.
Luckily property owners now have the option to create a rental contract online with easytouse tools that walks visitors through the process stepbystep. The benefit of utilizing an online method to create a rental contract is that it is easy convenient and affordable and guarantees a certain degree of legal accuracy that is hard to match when trying to originate a lease without assistance.
Finding state specific rental contracts online that protect landlords are critical to a landlords success. When shopping online look for a lease with a lot of detail spellingout important items which will really help landlords avoid any differences with their tenants. Laws vary from one state to another so your lease needs to contain clauses for your state and should inform you of your states law.
Look for a site that provides a stateassist feature that breaks down specific laws on a statebystate basis enabling property owners around the country to utilize the site to generate a legally sound rental contract that will offer both parties a fair amount of legal protection.
The best site’s use a lease wizard walks visitors through the process of creating a lease ensuring that they understand each step as they enter necessary information in each of the fields. There is also a live help feature that allows visitors to chat with a knowledgeable site operator about any questions or inquiries they may have as they use the site to create a rental contract.
Some sites also have the ability to save any leases created allowing them to return to the site and manipulate any existing rental contracts as needed. It is also important to find sites that are available at a fair price particularly when one considers the amount of information and assistance given to customers creating and maintaining rental contracts.
While there is no way to avoid some of the other issues that come along with managing investment property such as home improvement and maintenance and broken rental agreements putting together an online rental contract that is in full compliance with each state’s laws can provide a landlord with legal protection and peace of mind.
About the writer:nbsp;nbsp;Read more articles from the author Kevin Kiene at his online resource for Landlords www.ezLandlordForms. Take control today of your rental situation and create aRental Contract using stateoftheart Lease Builder Wizard the only Intelligent Document System for State specific Lease / Rental Agreements.
Common Builder Blunders – And How To Avoid Them!
When it comes to building a house there are dozens of opportunities for making mistakes or bad decisions. Not to worry you’ve hired a reputable builder who knows what he’s doing; these mistakes shouldn’t be an issue. Maybe in a perfect world but all builders can make errors. These may be as simple as locating a shower head too low causing you to stoop ever time you have a shower or inconveniently locating a toilet paper roll so that you have to reach. It’s not a huge issue but over time it gets pretty annoying.
Here are a few of the more common builder errors to keep an eye out for.
Outside of the House
Air conditioners should be located on the east or north side of the home for maximum efficiency but ensure they are not located close to bedrooms. Although the newer units are fairly quiet you’ll still here the compressors when the unit is in use.
Driveways should be wide enough that you don’t have to step on the grass when you get out of the car. If you have a double car laneway you should be able to park two cars side by side without dinging the doors. A single lane drive should be no less than 12 feet wide and a doublewide driveway should be 22 feet wide.
A covered porch is a simple improvement you’ll thank your builder for time and again. Especially the next time you’re standing in the rain with your arms full of groceries and fumbling for your keys.
Outdoor faucets should be conveniently located at the front and rear of the house. Think of where your gardens and planters will be situated for handy hose access.
Exterior electrical outlets are not used that often but when they are needed you want them close by. You’ll want them at the front back and possibly the side depending on the type of exterior work you’ll be doing. It’s great to have outlets installed in your soffits for handy Christmas light plugins.
Indoors
Interior Electrical outlets can be a huge source of frustration if they aren’t conveniently located. You’ll want to ensure they’re installed in the walls directly behind end tables next to beds or couches or on top of a fireplace mantle. You may also want some floor outlets in a home office or coffee table situated in the middle of a room. My biggest source of frustration was not having an outlet in the island in my kitchen.
Traffic flow should be examined when you’re planning your floor layout. Ensure that areas designated as pathways won’t be obstructed by furniture. Usually a 36 inch width is chosen for stairways you’ll appreciate increasing this to 42 inches or more in width.
Spongy floors can be avoided if you request extra stiff floors. The average building code for floors is 1/360 ask your builder to upgrade to a 1/480 deflection design instead.
Trusses are probably one of the least concerns of most new home owners but so important for future renovation possibilities. If you intend on creating added living space in an attic or above a garage request that your builder install a truss that will allow for added headroom in these areas. Also have him install a real staircase in these spaces not a foldup model.
About the writer: Written on behalf of HomesByLender.com one of the nation’s best resources for homes for sale by owner. Contact us for information on finding Utah homes for sale by owner.