Raja housing review for Better Option: Renting or Owning Your Apartment

Most of the apartment owners think over the idea of renting out their homes though they may be in need of extra income to save money or pay down bills, or mortgages as well.  Although, homeowners who are unable to sell their apartment at their expected price due to market down, they may choose to rent their apartment until the market strategies improve.

But, renting involves far more than handing over the keys and collecting the rental amounts.  Hence, it is important to evaluate the pros and cons of renting an apartment before doing so.  There are numerous benefits in renting an apartment, but there are also some disadvantages.  Here are some points, which one must consider before renting their apartment:

Organize your apartment
Before renting your apartment, organize it by cleaning it thoroughly and ensure all appliances in your apartment are working and in good condition.

2. Understand the responsibility involved

First, determine whether you can handle the obligation of renting your apartment and it is secure to presume that things may sometimes fall short.  As a landlord, it is now your responsibility of maintenance, collect rent, and pay your home insurance policy.  Though now you are the landlord, try to avoid creating more fuss to your tenants by interfering and keeping an eye on your tenant's housekeeping skills.

3. Consult your attorney

Before renting your apartment, consult your attorney to ensure that you abide to tax laws and rules of the local properties.  According to IRS the rental income should be documented on your tax return and you will qualify for tax deductions.

4. Cost of the rent
Before setting a cost as rent to your apartment, make a little research and check for the rental value on the surroundings of your area.  Keep in mind, as prospective tenants will be looking for deals, so set an attractive price as rent and make sure you highlight all the most important features of your home.

5. Choose your tenant carefully
Once you have shown you apartment to a tenant, be very careful in choosing a genuine tenant, ask for their identify proofs to be more secure and if you have time check for the tenants background and credit histories.  When you found your right tenant, ask for a reasonable security deposit, which is also termed as advance, arrange an appropriate payment schedule and explain them all the terms and conditions that you would have prepared.
 
The benefits of renting are many that include avoiding the damage caused by letting your apartment sit vacant, tax deductions, generating income that may cover some of your bills or insurance.

During market down, renting your apartment is an ideal idea until and unless the apartment owners don’t create too much frustration to the tenants though it is still your apartment.

Raja Aristos case studies - Investing in Marathahalli of Rs 40 lakh Gains a Rent of 16K Every Month

Investing in an apartment in Marathahalli of Rs 40 lakh can gain a rent of Rs 16,000 to 17,000 each month. The locality is the top grosser at 4.94 percent in terms of per annum yield in Bangalore.

Investors benefit is not just a high rental returns, but the locality will also be able to manage a 9 percent of growth rate during July-September 2013 quarter.

Let us check why Marathahalli stands on the top in high performing localities in the city. First of all Marathahalli is located close to Outer Ring Road. When you move to Outer Ring Road, you can come across the entire major cities. As Outer Ring Road is a Signal free road it is the biggest advantage for this locality. It is hardly 1-2 km from Marathahalli.

The 6 lane railway over bridge begins from Marthahalli Junction and enters to Kundalahalli area and HAL Airport Road. The closeness to areas such as HSR Layout, Whitefield and KR Puram drives through property values in the locality.

Sometimes it would be reasonable to purchase an apartment in Marthahalli than Whitefield. Whereas a size of 1,000 sq.ft. Apartment is available at Rs 40-45 lakh in Marathahalli but the same size apartment shall be sold at Rs 40-45 lakh. Now it’s left to an investor whether he chooses big apartment in Marathahalli for the same cost or save 10% of his funds.

But the question is whether the locality has enough number of properties. Yes in this case Marathahalli is a purchasers market. In this area there are 20 new projects under progress. There are many real estate developers who are going to start up with multi-storey projects.

 As Marathahalli is one of the well know locality in Bangalore and it is surrounded with IT hubs, hospitals, shopping complex schools and engineering colleges for the benefit of the residents. Anyone who has a dream of buying or constructing a house in Bangalore sure will buy a plot in Marathahalli for his benefits.

Many promoters are coming to construct houses in this area with salient features. As there are many IT companies around Marathahalli, due to which there is a high demand for rented house in the locality. The locality also sees hike in rental prices.

Marathahalli has developed towards concrete locale due to which margin for rental and sale value has increased significantly. The benefit to invest in Marathahalli is due the unparalled connectivity of Outer Ring Road.

Marathahalli is the central location in Bangalore where there is ever demand for the land for the features it contains. Compared to other areas of the city Marathahalli stands top most of the localities. People who invest in Marathahalli for buying a plot or constructing an apartment gains good profit.

Plots in Marathahalli are almost of A Katha type, this will help the buyer to get easy loans from banks. It would be a good idea to invest in a place like Marathahalli which offers decent living in a best house. Because investing in Prime location can double the amount in short period of time and can gain high profit without no loss.

Most people prefer Marathahalli to build or buy their dream home, as it is near to IT companies, Super markets, Shopping Complex, Restaurants, Multiplex etc. Due to which the demand for rented house has also increased in this locality. Due to Outer Ring Road people reach to their place very fast without any traffic signal.

Rental value in Marathahalli has increased by 20 percent and expected to rise more in future due to demand that exceeds supply. As this area is calm, quiet and near to IT companies many individuals prefer to live in this locale. As it is near to Tech parks and IT hubs, the location has become famous for IT population.

This area is outstanding as it is just 5 Km from Tech Park and Ring Road is just a Kilometer away. The rental value of 2 BHK and 3 BHK apartments will be approximately Rs 25,000 to 30,000 per month, with all basic facilities. The rental values are appreciating in this area.

72 Constructed houses are laying Vacant Under The Scheme - Raja Aristos News

As the allotment of homes created beneath the Integrated Housing development scheme for landless persons has become a troublesome task for the Hamirpur Municipal Committee due to increase of costs and problem in finding beneficiaries, under the scheme 72 constructed houses are lying vacant.

The construction of 72 dwellings near the Zonal Hospital was completed by the Urban Housing Development Corporation over two years. These houses have not been assigned to the poor and the Municipal Committee is not showing any interest in maintaining the newly build building.

This project was sponsored by Central Government Programme and on the construction of the building Rs 475 lakh was spent.

At the time of the development of those homes, the calculable price was unbroken nearly Rs 1 lakh per unit, however delay within the construction and rise within the value of construction material has escalated its price to around Rs 3 lakh per unit.

The beneficiaries are not coming front in taking possession of the houses due to delay in the development which has increased the cost.

The houses after building were to be assigned by Hamirpur Municipal Council, but still these have not been handed over to the MC.

President of Hamirpur told that soon after seeking the possession of the building these will be allotted to entitled beneficiaries.

Under the Central scheme 42 persons have applied for the constructed houses. And the houses will be allotted to them after verifying their eligibility.

Raja Aristos Commonfloor: The Effective Way to Buy and Sell Properties

Earlier the invention of Internet, buying or selling a property was a frenetic task.  But, the online property portals a contemporary and more effective way to buy or sell properties whether it may be for your dream home, office space, or commercial buildings has made the deal easy.

Property Portals:  Property portals give a robust podium and create a simulated meeting point for property sellers and buyers. These portals comprises of various lists that provide information regarding major developers or potential buyers who are willing to sell or buy any type of properties respectively.

Online Property listings:  Property listings are a part of property portals that can also be considered as classifieds where the sellers add the details about their property that to be sold or rented.  With the growing realty estate and in order to attract more buyers, a space for buyers was also formed in the listing where buyer can leave their comments, views, and expectations about their desired property.

Convenient Property Search:  With online property portals, the traditional way of going out and finding properties diminished and with the invention of property portals selling and buying a property has become just a click away.

  

Saves time and energy:  The online property portals are designed in such a way that the buyers or sellers precious time is saved as well as both can meet each other anytime, anywhere with just one click.

Comprehensive Exposure:  Online property portals not only give listings and details of the properties but also provides with an option of virtual tour of the property by which the buyers can view the property online in 360 degree including the interiors, exteriors and the surroundings.

More reliable:  The online property portal gives both the buyers and sellers a complete control over the strategy of the realty market, as there will be no more a middleman in the deal of purchasing or selling a property.

Measures to Be Taken if There is Misplacement or Theft of The Property Documents - Raja Aristos Advice

If there is a theft, loss or any misplacement of the property documents it is an issue for property owners since no transaction will be processed without checking the original sale deed.

It is only one of the proofs of ownership of the property. If there is a loss of original document the owner must get the duplicate document so the chances of misuses will be decreased. Here’s how it is.

FIR: - The owner should file the First Information Report with the police as soon as possible. In the reports the loss, stolen or misplaced of the property document should be clearly mentioned.

Advertisement: - An advertisement stating the loss of property document must be published in the daily English newspaper and a vernacular newspaper. The owner should wait for at least 15 days to see if anybody finds the document and returns it.

Undertaking: - About the loss of the property document, an undertaking must be prepared on a stamp paper, along with the property details, an advertisement copy and the police complaint number. It must be registered and notarized.

Duplicate deed: - The owner must go to the registrar’s office, where his property was registered at the time of purchase, to get the duplicate copy of the sale deed. The entire relevant document should be produced at the registrar’s office and the requisite fee must be paid.

Points to be noted

The owner must maintain a copy of news paper advertisement, copy of complaint as proof of loss and action taken.

If the property is a mortgage and if the bank misplaces the document, it must be notified to the owner so that a proper action will be taken. Anyhow the bank must hold the cost to get the duplicate documents.

Delay in Infrastructure Projects – Checkup Spring Shocks - Raja Aristos News

The recent scrutiny of long-term infrastructure projects lead to some shocking disclosures in the inspection and one of them being that some projects started without even following the basic approvals.

The Bangalore Development Minister R Ramalinga Reddy, in this recent inspection came to know that the BDA lacks 3.2 acres in the Nayandahally fly over project near Mysore Road, because of which the project has been delayed.

This scrutiny also revealed that the BDA has begun the construction without finishing land acquisition, which was really a surprise.  The Nayandahally fly over project near Mysore Road, which is a 960-metre long flyover started in 2010 and was planned to be finished by 2013, but now it looks like even if BDA gets the required land now, which they are lacking, the project needs five months to get completed.  The required land for the project belongs to over 40 people as the property value is quite high in this area, owners want the market value. And would be sorted very soon.

During the inspection, Mayor Sathyanarayana found that the two ROBs at Byappanahalli and Jakkur was started by BBMP without completing land acquisition.

Due to delay in the Nayandahally flyover and along with the work on the Metro Rail Project, commuters on the Mysore Road face a huge problem as it creates frequent traffic jams. 

After the scrutiny, Ramalinga Reddy the Bangalore Development Minister informed that the National College Metro corridor will be finished by March 2014 and the train will start from Byappanahalli station to Mysore Road Station by 2014.  He also added that the work from Kaggalipura to City Market will be completed by 2015 and by this year-end metro services from Peenya to Malleswaram would be effective.

There is also a proposal to concretize the road below the metro corridor from MG Road station to Byappanahalli station and the road work cannot be started along with the on-going metro work, said  Pradeep Singh Kharola, MD, BMRC.

BS Sathyanarayana stated that BBMP is planning to provide parking near all Metro stations for Metro commuters and the fund for this will be utilized under the Jawaharlal Nehru National Urban Renewal Mission scheme as guided by Ramalinga Reddy.

Achievements and case studies of Raja Housing Ltd.

About Us:

Raja Housing Ltd., was established way back in the year 1890. Our journey until now has been one of fulfilled one owing to the success of the projects that we have undertook over a period of years. We work with a vision to create a progressive organization that matches international standards thus maintaining high ethical standards, integrity and transparency. Our work environment is one of competence, professionalism, teamwork, and service excellence.

Residential Projects:

Raja Housing Ltd., has several residential projects that are categorizes under three categories: Current Projects, Completed Projects, and Upcoming Projects. There are various amenities in these projects for the customers. One can look forward to modern aesthetics and practical wisdom that is blended into flawless harmony. There are various amenities in our apartments such as swimming pool, children's play area, outdoor barbeque area, party hall along with pantry for service purpose, gymnasium, reception, steam, sauna, jacuzzi, table tennis, indoor games, outdoor games, terrace party hall with hard landscaping.

 

Apart from these classic amenities, there are many other facilities such as home control (lighting, gas valve, fire alarm), door answering & monitoring, inter-communication (guard office, households), surveillance monitoring (CCTV), various internet contents, remote device control via mobile, etc. 

Commercial Projects:

Raja Housing Ltd., brings to the commercial property users the best commercial buildings to house their businesses. We understand the needs of the customers and their businesses more than anybody else. All our projects that are completed stand testimony to our top notch quality, perfection and commitment. There are various commercial establishments of Raja Housing Ltd., in various localities. Our commercial projects stand testimony to the fact that they are a landmark construction with all the modern amenities.

  

Layout Projects:

We have undertaken various layout projects that are located in various areas in Bangalore and Mysore. There are 40 acres of Villa plots & Villas at Yelawal, Mysore, 10 acres of residential layout in Bangalore, and so on. Our layout projects promise to deliver the best to our customers with the best facilities.

  

Why Choose Us?

We advise you to choose us because we work with a mission to bring quality residential and commercial property that is international standards in taste and is comparable with global developers at the same time. We ensure we bring complete satisfaction to our customers through our excellent services and facilities. You are destined to be satisfied with our service and buying the property. Today, we are considered the leaders in the residential, commercial and other ventures that we have undertook.