Came across the following project while surfing the net today !
http://www.urbanaecovillage.com/
Why we need to always spend in urban areas for investment. So close to the nature, vacation on our own land , will it not be beautiful ?
Returns : Good organic food :-) !
Saturday, January 28, 2012
Thursday, January 26, 2012
WaterMark or BlackMark
Happened to hear about SJR Watermark project near Sarjarpur/ORR junction. Decently priced for this area (around 60 lakh for a 1400 sq ft ) and also construction seem to be in full swing.
But already there seem to be some problem with this project. Read the comments in the following link :
http://bproperties.blogspot.com/2010/08/sjr-watermark.html
http://www.complaintsboard.com/complaints/breeach-of-trust-and-consumer-sentiments-c506395.html
1. One of the proposed entry/exit is removed and the access is via a smaller road now.
2. There are some concerns about the brick being used. "SOLID CONCRETE BLOCKS" was promised and now "POROTHERM CLAY BLOCKS" seem to be used.
( There are some more issues in the above link ).
It appears to be on a good choice in terms of location, but it is better to do some more research on this...
But already there seem to be some problem with this project. Read the comments in the following link :
http://bproperties.blogspot.com/2010/08/sjr-watermark.html
http://www.complaintsboard.com/complaints/breeach-of-trust-and-consumer-sentiments-c506395.html
1. One of the proposed entry/exit is removed and the access is via a smaller road now.
2. There are some concerns about the brick being used. "SOLID CONCRETE BLOCKS" was promised and now "POROTHERM CLAY BLOCKS" seem to be used.
( There are some more issues in the above link ).
It appears to be on a good choice in terms of location, but it is better to do some more research on this...
Tuesday, January 24, 2012
Land Measurement Units
There are various units we come across when a land is measured. Mostly it is based on regions and the old customs in those areas.
1. Square Feet
Mostly used one now a days. In the land documents, it is being used throughout. In Bangalore, it is a commonly used one.
2. Cent - http://en.wikipedia.org/wiki/Cent_%28unit%29
It is actually a SI prefix. Centi is 1/100. One Cent is 1/100 of an Acre. One Acre is 43,560 sq ft. Hence One Cent is 435.60 sq ft in precise. But normally the agents take this as 440 sq ft in field for easier conversion.
3. Ground
It seems more of a measurement South india. It is actually 60ft * 40 ft = 2400 sq ft. Normally cent term goes along with a ground. One ground is 5.5096 cent in precise. Roughly 5.5 cents a ground.
4. Acre - http://en.wikipedia.org/wiki/Acre
One Acre is 43560 sq ft. Actually it is 100 cents.
5. Hectare and Sq meters - http://en.wikipedia.org/wiki/Square_metre
1. Square Feet
Mostly used one now a days. In the land documents, it is being used throughout. In Bangalore, it is a commonly used one.
2. Cent - http://en.wikipedia.org/wiki/Cent_%28unit%29
It is actually a SI prefix. Centi is 1/100. One Cent is 1/100 of an Acre. One Acre is 43,560 sq ft. Hence One Cent is 435.60 sq ft in precise. But normally the agents take this as 440 sq ft in field for easier conversion.
3. Ground
It seems more of a measurement South india. It is actually 60ft * 40 ft = 2400 sq ft. Normally cent term goes along with a ground. One ground is 5.5096 cent in precise. Roughly 5.5 cents a ground.
4. Acre - http://en.wikipedia.org/wiki/Acre
One Acre is 43560 sq ft. Actually it is 100 cents.
5. Hectare and Sq meters - http://en.wikipedia.org/wiki/Square_metre
Square Meter is a SI unit. One square meter is 10.763 sq feet.
One hectare is 100m * 100m = 10000 sq mt.
Old (but still used) Tamil units : Kundu/Kuzhi/Maa ...
Kuzhi is supposed to be 12*12 = 144 sq ft. But now a days , it is considered as 10 * 10 = 100 sq fts.
http://en.wikipedia.org/wiki/Tamil_units_of_measurement
http://ponniyinselvan.in/41/articles/2008-06-30-tamil-measurements
Parappalavu
kundu ==> depth / a land measure = 1089 sq.ft.
kuzhi – a land measure = 144sq.ft.
mA ==> 100 kuzhi
vEli ==> 20 ma (6.67 Acres)
How to transfer electricity meter to your name ? Useful Links
Couple of good links :
http://forward150.blogspot.com/2010/09/how-to-change-name-in-electricity-bill.html
http://www.saikrishna.com/bescom-electricity-meter-transfer/
Don't pay bribe anymore ! http://ipaidabribe.com/
http://forward150.blogspot.com/2010/09/how-to-change-name-in-electricity-bill.html
http://www.saikrishna.com/bescom-electricity-meter-transfer/
Don't pay bribe anymore ! http://ipaidabribe.com/
Sunday, January 22, 2012
Brigade Metropolis community blog
One good organized, informative blog :
http://brigademetropolis.blogspot.com/
It will be great to have blog like this for every small community (apartments/villas/layouts etc)
http://brigademetropolis.blogspot.com/
It will be great to have blog like this for every small community (apartments/villas/layouts etc)
Friday, January 20, 2012
Vakil Hosur Hills - Why one should invest in Hosur ?
http://www.vakilhousing.com/projects/vakil-hosur-hills/
I recently booked a property here. It costs around 800/sqft for land, 1800/sqft for constructions ( approximately ). Personally, I liked this area and this project.. Even we can shift here , if we dont require the Bangalore tag.
Why to invest here ?
- There are plenty of articles ( including the one from this fellows ) on the web. What I have seen, property value increased tremendously in this area over a period of time.
- There is no single posh locality in Hosur. This project is the first (of few ? ) one to be of this type. It is beautiful inside, take a look into the pictures ( shot at those places ).
- Decent price : In ~50L , you get around 1800+ sq ft land and 1700+ sqft house. Uncomparable to Bangalore.
- These guys (vakil) maintain the property well ( even though, we had some unwanted problem (with govt officials) with the other villa , we purchased from them, we liked the professionalism ).
- Normally, we expect some returns from the investments. In properties, we expect a rental return. Now these guys have some offer. They assure a rental of 12500, 15000, 17500 ( based on construction area ) for a period of 5 years. It is roughly around 4% return per annum. Pretty decent ROI, if we consider at least 10% appreciation per year.
- ~90% sold out. And ~25% is occupied now. The community is growing there. Once it reaches 75% occupied, the prices will shoot up due to demand. ( note, in most of the villa projects, the prices will be almost 1.5x-2x compared to the adjacent properties, especially the ones where the is good crowd. Check the prestige villas near whitefield, Fern properties around marathahalli).
- Hosur has a mixed crowd ( unlike Bangalore ) , ranging from labors to company heads. These premium properties will target the top end there. Hence the demand needs to be there ( even after 5 years ).
( There seems to be few resales on net. I'll prefer to stay away if we want to give it for rent. We need to find the tenants and the rent will be less than, what Vakil offers ).
- It is around 20 min drive to electronic city ( ~20km to electronic city on a 6-8 lane road ). Easier to reach from Hosur , compared to other parts of Bangalore ( except HSR, BTM , silkboard area, which has the access to elevated highway ).
I recently booked a property here. It costs around 800/sqft for land, 1800/sqft for constructions ( approximately ). Personally, I liked this area and this project.. Even we can shift here , if we dont require the Bangalore tag.
Why to invest here ?
- There are plenty of articles ( including the one from this fellows ) on the web. What I have seen, property value increased tremendously in this area over a period of time.
- There is no single posh locality in Hosur. This project is the first (of few ? ) one to be of this type. It is beautiful inside, take a look into the pictures ( shot at those places ).
- Decent price : In ~50L , you get around 1800+ sq ft land and 1700+ sqft house. Uncomparable to Bangalore.
- These guys (vakil) maintain the property well ( even though, we had some unwanted problem (with govt officials) with the other villa , we purchased from them, we liked the professionalism ).
- Normally, we expect some returns from the investments. In properties, we expect a rental return. Now these guys have some offer. They assure a rental of 12500, 15000, 17500 ( based on construction area ) for a period of 5 years. It is roughly around 4% return per annum. Pretty decent ROI, if we consider at least 10% appreciation per year.
- ~90% sold out. And ~25% is occupied now. The community is growing there. Once it reaches 75% occupied, the prices will shoot up due to demand. ( note, in most of the villa projects, the prices will be almost 1.5x-2x compared to the adjacent properties, especially the ones where the is good crowd. Check the prestige villas near whitefield, Fern properties around marathahalli).
- Hosur has a mixed crowd ( unlike Bangalore ) , ranging from labors to company heads. These premium properties will target the top end there. Hence the demand needs to be there ( even after 5 years ).
( There seems to be few resales on net. I'll prefer to stay away if we want to give it for rent. We need to find the tenants and the rent will be less than, what Vakil offers ).
- It is around 20 min drive to electronic city ( ~20km to electronic city on a 6-8 lane road ). Easier to reach from Hosur , compared to other parts of Bangalore ( except HSR, BTM , silkboard area, which has the access to elevated highway ).
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