Invest in the Right Residential Property

A perfect home is one’s dream come true. With the ever-increasing property prices in India, investing in real estate to many is much like investing in gold – you can hardly ever go wrong with it. However, there are a few key factors that you should consider when planning to invest in real estate:

aa)      Location is one of the key determining factors of whether a particular property is a good investment. Always try to invest in property which is an upcoming location, because when acquiring the property you will not only get it at cheaper rates than in developed areas but it is also very likely that in a few years time, the property will be worth twice its present value.

bb)    Floor Location has a great impact on property prices. Flats on the ground floor sell for a much higher value than those on the floors above. This is simply because the availability and the accessibility of amenities are much easier from the ground floor, which in turns creates a higher demand.

cc)      Family Considerations: When investing in property, always think long term. If you already have a family or are planning one, consider if the locality, society, facilities provided by the complex would be in tandem with the needs of your future family.

The Real Estate Market in India

India’s economy has been fluctuating considerably over the last two years. The country has been battling several economic issues like food inflation, falling currency value, fiscal deficit, etc. which have had a direct impact on the real estate market in India. This is especially relevant for the residential property market since the economic prosperity of the citizens is directly proportional to the demand for homes.

In the first half of 2013, major cities like Delhi, Mumbai and Chennai have seen a sharp decline in the sale of residential properties. Though Bangalore and Pune have done better, because of the IT expansion in these cities, it is so only by marginal standards. One of the key reasons of this is that the prices of properties in the major cities have been rising despite the fall in demand. According to data collated by Global Property Guide, property prices in Delhi have seen the sharpest spike over the last year, by almost 60%, higher than in any of the other cities from the 43 countries surveyed. Property prices in Mumbai have gone through the roof making the city all the more unaffordable. Under these circumstances the only recourse is for thecities to expand their boundaries and the builders and developers to lower their profit margins and price expectations, so as to keep the market green and going.

Merlin – CREDAI Home Front

One of the most sought after names in the commercial real estate sector, the Merlin Group, recently showcased their best deals at the CREDAI Home Front Show in Kolkata. At this year’s CREDAI Home Front exhibition, held between August  9^th and 11^th, the Merlin Group showcased some of their most coveted properties from all sectors – residential, commercial, industrial estates, hospitality and leisure, joint ventures and townships. Their top-of-the-line advisory and project management services were also highlighted at the exhibit. 

As one of the most awaited residential property shows in Kolkata, the Home Front exhibition, scours out and showcases some of the most popular property deals in and around Kolkata.  With more than 9000 members through 20 states and 128 cities, CREDAI (Confederation of Real Estate Developers’ Association of India) works to raise the issues of national concern in the real estate sector so as to ensure unhindered development. 

Held at Netaji Indoor Stadium in Salt Lake, this year, the Bengal Chapter of the CREDAI Home Front exhibition served as a meeting point of Bengal’s top real estate investors and enthusiasts. Taking advantage of this opportunity The Merlin Group secured a central stall at the exhibit and ran various promotional offers to encourage participation including offering a surprise gift on the booking of a flat. 

Luxury Redefined at Reflection!

Reflection, a flagship residential project built by the consortium of the Merlin and Olympia groups, recently achieved new heights of luxury through a strategic alliance with Quintessentially Lifestyle.  A renowned name in the world of luxury, Quintessentially Lifestyle will now provide a Members Only Concierge Club, for the residents of this 900 crore project, located on the East Coast Road, at Thiruvidanthai village in Chennai.

The project is slated to have unique, luxury beach homes, spread over 35 acres encompassing n 8 acre natural lagoon. Its 4 high rise signature towers - Nebula, Seashells, Eldoris and Lorraine of sprawling villas and apartments are designed so as to have an uninterrupted sea view. With properties ranging from Rs 2.5 to 3.5 crores for apartments and Rs 4 to 6 crores for beach villas, Reflection is one of the Merlin Group’s most exclusive residential properties.

  

As a symbol of modern architecture and fine living, Reflection aims to provide for the very best quality of life to its residents. This strategic partnership with Quintessentially Lifestyle will redefine luxury for the Indian markets by adding an edge to this property, through which the residents will have access to assorted privileges from the best hotels, spas, clubs, restaurants and other luxury products across the globe.