Real Estate

Calgary Real Estate Market Expected To Get A Boost In 2011

Posted on by blogger

While its true that the Canadian housing market didnt crash like the market did below the border, markets across the nation have not been completely unscathed over the last year either. The real estate prices in Calgary in 2010 were the lowest this area has seen in a decade but it appears that the market will see a significant rebound this year, according to the Conference Board of Canada.

The Calgary market was certainly quite affected in 2010 with fewer homes of all kinds being sold overall and home prices sitting at less than stellar levels. So far this year, the market seems to be on an upward trend and will continue that way, according to the experts.

There are many factors that will surely have an effect on real estate in the Calgary area this year including: the strong Canadian dollar in comparison to the US dollar, the new rules that will soon be in place regarding Canadian mortgages, and the strong price of crude oil.

While a strong Canadian dollar always seems like a good thing, the reality is that when our dollar is strong compared to the US dollar, there are fewer Americans investing in Canadian goods. A more even ratio of value between the USD and CAD could suppress real estate sales preventing us from further economic recovery.
The new Canadian mortgage rules arent anticipated to help or hinder growth in the long run, but it reasonable to assume that some home owners will push to buy homes before the changes go into effect.
The price of crude oil has the potential to be an influential factor in how the Alberta housing market performs this year as the higher price tends to result in increased production in the oil sands. Higher production results in more jobs and more money in the province for real estate purchases. The addition of unrest around the Suez Canal this quarter, adding uncertainty to shipping through the area, may also help increase the attractiveness of Alberta oil sand crude.

The current affordability and low interest rates will help to boost housing sales and eventually support higher prices as the demand grows. It is anticipated that home sales will increase by almost 20% in 2011, with prices of Calgary homes for sale increasing by about 4% for single family dwellings. In comparison, the number of condo sales are expected to rise by over 15% with a price increase of around 2%.

Knoxville Reia – Real Estate Investors Association

Posted on by blogger

Across the country big cities are sprouting up their own real estate investors association. Knoxville, Tennessee is no different. Entrepreneurs in East TN have several options for real estate investing education. They can get information from books on the subject, become an apprentice of a seasoned investor or study a course on the topic. The Knoxville Real Estate Investors Association (REIA) is the easiest place to start. It’s like the previous three (book reading, apprenticeship and a course study) ALL ROLLED INTO ONE PLACE. Members learn to use the power of leverage by concentrating their efforts on mentoring, networking and education.

At the Knoxville area REIA (Investors Club Meeting) members discuss topics such as foreclosures, REO’s (bank owned) properties, short sales, wholesale deals, flips, rehab and rentals. Members learn what they all mean and how to use them in their business.

Mentoring –

Club members can become an apprentice to a seasoned investor at the REIA. The mentor can help them decide what is the best strategy for accomplishing their investing goals. A good mentor can shorten the learning curve and greatly accelerate the road to success.

Networking –

Successful property investors at are actively building their business. They are the one’s who are doing deals and making money by investing, because they have a large network of business contacts. REIA members understand the importance of networking and building relationships in the property investing business.

Education –

It doesn’t matter if the members of the REIA are veteran investors or if today is their first day learning how to invest. Real Estate Education is a life long process and it goes without saying that active investors should never stop learning. The Knoxville REIA brings together the best in investing information available in TN to help it’s members earn more in real estate. Their goal is to bring it’s group of investors the most up-to-date education.

Past Speakers –

In the past the Knoxville REIA has been hosted by real estate guru’s such as Lou Brown, and Than Merrill of A&E’s “Flip This House” (just to name a few).

The Knoxville REIA offers education from seasoned investors that are there to speak about their particular area of investing expertise. This is how members learn from their mistakes. It saves them both time and money. Find out how to take the next step. Current meetings are held in west Knoxville on the third Tuesday of every month (subject to change).

How Has Chennai’s Real Estate Story Grown Over the Years

Posted on by blogger

Owning a land in Chennai is a wise decision to make. Land asset is always hot property and a city like Chennai devours vacant plots of land to create architectural marvels without compromising on environmental requirements. Development of green buildings is on the rise and the modern buyer/property developers are both aware of the need for it. While the city seems to have engulfed most of the vacant plots, newer and more contemporary buildings are arriving at pivotal pockets of the city like Valasaravakkam, Mount Road and Poonamallee. These projects spell luxury, comfort and contemporary appeal. State-of-the-art buildings, well equipped with modern amenities have emerged as the demand from middle and high income groups of customers.

Epicenter of Real Estate Growth in the city

The peripheral locations that include the city’s suburban and micro-markets, on the other hand, have ample land for sale in Chennai. Also, since most of the multinational organizations including industries such as IT/ITES, automobile, manufacturing and pharmaceutical are based out of these locations, these markets are emerging as hubs of development. With more and more commercial activities increasing in these areas; the government is executing plans of large scale infrastructure development. And as several multinational organizations open doors of employment to large numbers of professionals, the inflow of migrating population has also increased considerably. Thereby, the chain effect has created demand for plots and lands for sale in the micro-markets of the city.

Real Estate Development at North and South of Chennai

South Chennai that includes OMR, ECR, GST Road, Tambaram and Perungudi accounts for more than half the demand for commercial and residential projects. These are also the places that house more than half of Chennai’s IT organizations. Heading towards the other direction, North Chennai is home to renowned automobile and manufacturing organizations. The landscape and skyline of Chengalpet, Sriperumbudur and Oragadam have changed within a very short span of time. Today, the regions are lined by large residential projects, gated communities, villas and luxury apartments, international schools, best-in-class hospitals and medical centers, shopping malls and other destinations for lifestyle living.

Not only is the development focused within the townships but the regions have by themselves undergone tremendous growth owing to large scale infrastructural development. Having a plot for sale in Chennai or a few more especially in these regions is beneficial in the short and long run. Besides infrastructure, these areas are well connected to the city and therefore commuting whenever required is not a problem. Proximity of these locations to other cities like Bangalore, Tindivanam, Pondicherry and many others is a great advantage that Chennai can offer. Besides the resident and migrant population, non-resident Indians are also showing keen interest in Chennai real estate simply because of the healthy prospects the industry has to offer.

Govind Sarda Real Estate Investor, Developer And Entrepreneur Kolkata

Posted on by blogger

Shri Govind Sarda, Chairman of the Axis Group has a rich experience of more than 40 years in Jute and other diversified business as Pigments, Real Estate etc. a self-made real estate investor, developer and entrepreneur. He looks after Baranagar jute mill and Eastern Manufacturing and guiding the young of the family in the bio-technology and software business.

Govind Sarda was involved in the development and management of much Kolkata based Real estate business.

Kolkata has all the ingredients for high growth in its real estate market. One of the oldest urban agglomerations in the country, post independence, Kolkata lost its position as the erstwhile commercial capital of India to Mumbai due to the socialist manifesto adopted by the West Bengal government. Later investors believed the state was witnessing a resurgence driven by government policy and support for the service industry and infrastructure development that is once again attracting industry and capital to the city.

This made the evolution of Axis Group by Govind Sarda, a true business tycon and industrialist of Kolkata.

Axis Group is a diversified investment company with large holdings in many types of businesses, including aviation, financial services and others.

Govind Sarda planning a mix between traditional jute business and the new ones like infrastructure development cum real estate. This would help the family business assume a new shape.

No doubt, Mr. Sarda reaches to the excellence in which ever business he put his hands in.

Govind Sarda – a Man of commitment and Vision to take his dreams to reality.
Axis the renounced name in Jute business of Kolkata is brain child of Govind Sarda.

Prospecting Letter Tips in Commercial Real Estate Brokerage

Posted on by blogger

There are a number of ways to prospect in commercial real estate. One of the more effective ways to do that is to send prospecting letters to key people and targets in your area. If this is something that is attractive to you in prospecting, then you will need to understand the letter system and implement it correctly.

The secret behind the success of the letter process is to make them relevant to the marketplace, and provide valuable insights to market conditions and trends. Over time, and through sending plenty of letters in a 90 day contact cycle, you are perceived as a market leader that should be considered when it comes to any new listing in the local area. That is when you will get a good share of invitations to present and pitch on listings.

Most clients and prospects want to use the best agent with the ‘runs on the board’. Prospecting letters set up that image and branding. Some agents believe that this is the only way to prospect. They would be wrong, particularly because this process takes many months if not years of consistent action to get the results coming back to you. Over a period of 12 months you should be sending 4 letters in a staged process. Every letter will have a new story or message to tell.

This letter based prospecting system is in addition to your cold calling, door knocking, and referral business. So you will have the other things to activate and run in parallel to your letter system.

Here are some rules to help you set up this valuable networking and prospecting process:

Letters should be sent to the right people by type and location. In this way you can judge the feedback and inbound enquires. Create letters for Sales, Leasing, and Property Management. That then helps you with relevance in each letter sent.

Follow up your letters wherever possible. Use the letters as triggers to make calls. They turn a ‘cold call’ into a ‘warm call’.

Letter frequency will always be important. At a minimum your letters should be going to the same people every 90 days. You can shorten that cycle to 60 days if you wish.

Track the conversations and enquiries that you get back from the campaigns. That will help you understand what works and how you can improve on that.

Meaningful messages should be created for each letter. Understand the ‘pain factors’ in the market today that apply to sales, leasing, and property management. Write the letters to the challenges that property owners and occupiers are suffering. Offer solutions.

Success letters should be sent to all businesses and property owners around each completed listing.

Marketing letters should be sent around all quality listings.