Monthly Archives: October 2016

Chennai Real Estate- Victim Of Market Slump

Real estate in Chennai is on the verge of a crashing market, believes industry experts. Chennai property prices have seen an escalation of almost 200 per cent in the last few years. But with the global slump in the real estate industry Chennai real estate has also slowed down.

Number of Chennai real estate developers has been able sold only a few of their properties in the last quarter. R Mohanty, real estate agent from Chennai states, “The residential real estate prices in Chennai have grown by leaps and bounds making it difficult for buyers to purchase a home in the city. The increased loan rates have now made it worse. Though the prices are witnessing correction people are awaiting the market to further stabilize.”

Research reveals that there has been a 90 per cent drop in demand for residential projects since the start of the year.

Notably, Old Mahabalipuram Road, the hottest real estate destination in Chennai is also loosing pace. Cursing the fading effect of the place on lack of infrastructure facilities, Chennai real estate agents say there have been only a few transactions in the area for quite sometime.

The commercial sector is also witnessing a downfall. The Central Business District in Chennai has seen a 15 per cent drop, media reports.

IT companies largely drive the demand for Chennai properties but due to the current market recession many companies have postponed their expansion plans. As a result supply of office space in the city has exceeded demand. Huge chunks of office space are lying unoccupied. Subsequently, Chennai real estate builders are now waiting to launch their projects.

Besides global recession, inflation, the rising home loan rates and increasing input costs have also resulted in slump in property transactions in Chennai. Realtors in Chennai are struggling to sell properties. Though price correction is taking place in Chennai Real Estate sector but realty experts predict that the market will bounce back.

Montpelier Vermont real Estate All About the Property at 55 Dyer Ave.

Could there be something much better-than having a parcel of property that will offer your family security and them feel closer to nature? The land that it is located on is 17.8 acres wide creating the house at 55 Dyer Ave. invaluable for home owners. It includes you some wonderful vistas of the woodlands along with a serene meadow along with two ponds which are teaming with trout and bass along with an extensive backyard that outlines the exterior are a significant sight. It experienced a major overhaul back in 2003 and is one the best properties in Montpelier.

The Interior of the Home

Although it may not seem like it at first glance, this home has lots of living space inside and it measures 4,200 sq. ft. to be precise. Your kitchen is excellent and is packed with features such as a sub-zero fridge, an oven on the wall, and a couple microwaves. Other characteristics you will see in the kitchen are two dishwashers and two or three disposals.

In addition, you receive a really big family room using a fireplace that may keep you warm whenever the temperature begins to drop. Should you’re feeling like being alone and only want to relax, then you certainly can go check out the den. Should you choose to feel like visiting the den, then you’ll be thrilled to see its wonderful entertainment center.

The primary level has three bedrooms and one of those bedrooms occurs to your private suite that will cause you to feel as you’re residing in a luxury hotel. Downstairs is a huge game room where you can simply forget about your issues to get a while and love some games with your family and friends. Other areas to examine downstairs are the 4th bedroom as well as just one partial bath. There’s even a jacuzzi in the back deck of the house, too.

Let’s Go to the Outside

At 17.8 acres, the outside is fairly huge and provides some pretty panoramic views of Montpelier. If you’re feeling like pursuing some fish, then you can always try to catch some trout or bass in both ponds near to the residence. You can even visit the gardens and relax just a little bit while basking in the pleasant view of the woodlands.

There is, in addition, a recently constructed barn situated just outside your home that you could use like a garage to accommodate up to four vehicles or as a personal workspace or hobby space. This house is really one of a kind and at $849,000, is readily on of the top ones available in the Montpelier Vermont real estate market. Don’t jump with this home.Montpelier real estate

Real Estate Agent Can Be A Good Profit Maker For Your Property

Selling your house is actually a thrilling working experience. But plugged into this is usually a stressing and overpowering position. This involves a very good real estate agent. But precisely what do we will need to understand hiring a simple yet effective real estate agent.

Verifying the real estate agent’s license is rather very helpful. It’s smart to be really careful much more requires the home! This can include his state license in providing a property. Possible blackouts. Is actually a executing a limited background checks to the agent. Want the first estates he offered or acquired for your customer. Knowing the trainings and seminars he’d attended would also allow the shopper an understanding to the abilities of your agent he previously be choosing.

Make a superior chemistry with your entire agent. While using the agent understanding you or seller desires they know the place to begin and infant. The agent will inform his client true property value his house as it would be definitely what the heck price is without because merely wanted to lure your customer in engaging with him. Meeting plan the agent every so often therefore they keeps clients updated around the home.

In selling a house, the agent functions for the reason that adviser. He shows the proprietor advices including the worth of your property and acts as mediator regarding the customer as well as operator. And the purchase of a dwelling, the agent acts for the reason that researcher. Young drivers. Does the legwork and sorting during which properties most nearly fit would I need his customer?

The agent might also want to indicate a very good know-how about computers the industry. This helps out your customer because agent would be able to allow the purchaser sizeable fees especially if bigger marketed lots of estates while in the space. And so on the vendor, the agent could present those lots of worth for any property.

Also, it is of importance to the agent to acquire schemes. Determine what the agent intentions of ways to sell the house and property or maybe in a buyer’s case, learn how he offers conserve the customer in obtaining the latest house. Ask him what his intentions of accomplishing like is he going to create advertisements for any property (in case the consumer is providing) or would devise dwelling visits on potential estates (in case the client is obtaining).

Choosing a superior agent put in at home in case the client has learned things to look for. Get these clear steps, want his qualifications, start a rapport and talk with him in accomplishing promotion schemes for any home. Unquestionably, the selling or buying an estate achievable out for a satisfying working experience!

Important Vastu Tips for Home

Your home is nothing but your extension as believed by the Vastu Shastra, one of the sacred Hindu Scriptures that deals with the architecture, design and directions of specific areas of residential or commercial constructions. It is said that a house that meets the criteria and parameters as set by the vastu brings peace, prosperity, health and happiness to its residents and many people vouch that they have had different experiences on different vastu arrangements. The popularity of vastu has not only remained to India but it has transcended to other countries as well and people have experienced pleasant changes after implementing Vaastu Tips for Home. Vastu implementation is not as complicated as Astrological Match Making that has several facets and needs the consultation of expert, rather it can be easily implemented by you also. However, taking consultation from a vastu expert or a knowledgeable astrologer can be the best possible way to ensure peace and prosperity.

Let us discuss some normal things whose implementation can help you immensely.

If your master bed is large and you have split the mattresses and you wake up every morning without feeling fresh then possibly it is time to get a unified single mattress for the larger bed. Splitting the mattress can sap your energy and is not recommended in vastu. In the present times, LCDs and LEDs adorn the bedrooms but vastu does not recommend TV or any sort of energy sapping devices in eth bedroom. Always arrange the furnitures of your drawing room so that it resembles octagon, square or circle. Wayward orientation will keep you restless so arrange them according the prescribed format and soon you will gain the much needed peace of mind. Generally, people tend to keep mops or brooms in kitchen as they are regularly used after the preparation of meal etc. However, vastu strongly recommends that they should be kept outside the kitchen. Corners are the most neglected potion of any house but it must be bright and you must ensure that substantial amount of light reaches there. This will help you in overcoming many obstacles in your work. People have developed the liking to grow thorny plants like cactus in their house which is again not recommended by the vastu. Ensure that your house has proper air circulation and that sunlight reaches in the house properly.

These things can easily be implemented and you will soon discover the benefits thereafter.

How is 3D printing technology used in Architecture and Medicine

D printing technology is used to manufacture prototypes, tools, and end-user parts directly from a CAD design. This printing technology offers unprecedented flexibility as it can create a part of any dimension out of any material. Some of the 3d printing materials used include metals, polymers, ceramics, composites, and many more. The 3D printing technology has complete control over material composition, surface texture, and micro-structure of the prototype. 3D printing technology also allows the user to construct prototypes using two different materials. >

Lets take a look at this amazing technology and how it has affected the field of architecture and medicine:

3D printing for Architecture

Architects know that there is nothing like a physical model of a building when it comes to displaying their work or design concept. Physical models also play an important role when it comes to explaining and convincing the customer while selling a project.

3D printers are affordable and high quality solutions for architects. Building a physical model requires great deal of expertise, precision, and time. 3D printing machines help designers focus on their building design, while the devices make 3D models of the project.

Many architects are not tech-savvy and are not used to operating complex devices. 3D printers do not require human intervention at any stage of the printing process. Architects just need to need to draw a CAD diagram of the project and instruct the 3D printer to build a 3D model. The 3D printer can print the model within a few hours, which can then be presented to the client.

3D printers are capable of producing of 3D models with accuracy and speed without compromising on the finer details of the architectural project. The price of desktop 3D printing machines is not that high and independent architects can also afford them.

3D printing for Medicine

The application of 3D printing technology can also be found in the production of medical devices. There are different 3D printing materials available that can be used to build real parts. For example, manufacturing hearing aids is a complex process because they are custom-fit devices and cannot be mass produced. 3D printing greatly helps in such matters where medical devices need to custom-fit a patient.

The future of the 3D printing technology is very bright. Market experts state that 3D printing technology will be affordable to the masses by the next decade. The prices of 3D printing devices are falling rapidly, and it is believed that the prices of 3D printers will drop by as much as 80% in the next 5-10 years. It will not be a surprise to see 3D printing devices in each household just like refrigerators, washing machines, and televisions.

All About Mortgage Fraud

Mortgage fraud is a criminal offense. There are many types of mortgage fraud. Its estimated that mortgage fraud represents more than $300 million in unscrupulous transactions annually. Here are some examples of mortgage fraud:

Identity Fraud. This type of mortgage fraud happens when an individual steals the identity of another person to obtain a mortgage loan. The person whose identity is stolen can be someone close to the person committing the fraud, or a total stranger. Once the mortgage is approved based on the identity and documents of the victim, the fraudster who obtains the mortgage disappears without making any payments on the mortgage. This type of fraud is discovered only after the fact and only when the victim is pursued by the lender for defaulting on mortgage payments.

Falsification of Loan Documents. This fraud happens when the application papers submitted for a mortgage loan are falsified. Sometimes, lenders can also get involved in falsifying loan documents.

Occupancy Fraud. This is a case where a borrower applies for a mortgage to purchase a property which he or she claims will be his principal residence. Normally banks charge lower interest rates and can approve larger mortgage amounts for owner-lived properties. Investment properties typically get charged a higher mortgage rate.

Failure to Disclose Liabilities Fraud. Before lenders approve a mortgage loan, they usually look at a borrowers debt-to-income ratio. If they think that a mortgage would constitute a major hardship in terms of a borrowers capacity to pay, the mortgage loan may not be approved. To circumvent this, fraudulent borrowers fail to disclose all of their debts, making their financial situation look healthier and more in line with the lenders criteria.

Income Fraud. Income fraud is a core reason for the mortgage meltdown in the United States, where people misrepresented their income. Some industry experts called these cases the liar loans because borrowers deliberately lied about their income just to get approved. They would support it with falsified tax returns or employment slips, which showed their income to be higher in order to qualify.

If you believe youve been a victim of mortgage fraud, contact he police immediately and find out what recourse is available to you. Banks and notaries/lawyers have their own ways of checking for real estate fraud (false titles, undisclosed liens on the property, etc), but you can get that extra layer of protection by double-checking any information thats presented to you.

If youre thinking of a piece of property and youre not sure about title to that property, you may want to consider title insurance. Many Canadian companies offer title insurance protection, one of which is First Canadian Title, possibly the largest in the industry. Title insurance will protect you against a fraudulent transfer of title.

How To Find Potential Property Development Projects Online

Many people think that the only way to find property development projects is to connect with a real estate agent. This is far from true. The fact is that it is possible to locate many different potential properties by using the internet. Here is why.

You are not limited by geography
If you are looking for property development projects in another city you will be able to find them much more easily using the internet. There are often photographs and pieces of information available that can tell a potential investor a lot about a property. Because you can do it remotely it is often possible to create a list of potential properties you will want to see in person and will be able to hit the ground running. Making the most of any house- or property-hunting trip can really save valuable time and money.

You can access information about the market in general as well as specific properties. It may be difficult to get information on market conditions during a short visit to a location. But, if you are able to put together information on the market and any comparables before you arrive you may end up being in a stronger position as a buyer than if you are coming into an area with no advance information.

You are not restricted to real estate agents alone
By looking online you may be able to get information on short sales, foreclosures and properties that are being sold by their owners rather than by real estate agents. Having the widest selection of properties to choose from can really help you find the property development project that meets your needs and budget best.

You are not necessarily restricted to one agent
If you speak to a real estate agent about a potential property development opportunity you may find that said agent believes you have entered into a contract with them. If you end up dealing with another agent this can cause legal issues and added stress as well. By researching potential properties online you can decide which agents you want to work with either because they are offering the properties that you are most interested in or you like the way they market properties and represent their clients.

There are drawbacks to looking for property development projects online. Unless you are working with an agent who has judgment that you trust you may not feel comfortable taking their advice about a potential property.

By learning how to research and locate property development opportunities online you may find that you will be able to break into the development market as quickly and easily as possible. In todays real estate market you never know when a deal is going to become available and it is definitely worth keeping your eyes open to sudden development opportunities.

Contractor’s Plant & Machinery Insurance- Benefits And Exclusions

Coverage: Plant and equipment often constitute a considerable part of a building contractor’s investment. Contractor’s Plant and Machinery insurance is an exclusive all risks policy covering the plant and machinery used by the contractors at the site for various projects.
Contractors Plant and Machinery Insurance covers the property whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of operations or when being shifted within the premises or during subsequent re-erection, but in any case only after successful commissioning.

Interest Covered: Illustrations of machineries/equipment that can be covered under Contractors Plant & Machinery insurance are-
– Earthmoving equipment: Bulldozer, grader, scraper, excavator, loader, dumper, etc
– Concrete mixer, concrete pumps
– Lifting equipment and drilling equipment Road surfacing equipment:
– Batching plant for production of concrete of asphalt
– Concrete or bitumen paving machines
– Bitumen tank sprayers (iv) rollers

Duration: Normally on annual basis and to be renewed periodically

Scope: It is an all risks insurance policy covering loss or damage to the property by any cause other than those excluded-
– Fire, lightning, explosion, aircraft damage
– Riot, strike, malicious act
– Flood, inundation, storm, cyclone and allied perils
– Landslide, subsidence and rockslide
– Burglary and theft
– Collision, overturning and falling of foreign object
– Any other sudden, unforeseen, accidental damages not explicitly excluded

Exclusions: Some of the special exclusions under the policy are-
– Electrical /mechanical breakdown
– Vehicles designed and licensed for general road
– Hull and machinery of waterborne vessel/crafts
– Plant/machinery working underground
– Equipments undergoing testing
– Replaceable parts
– Loss or damage due to explosion of boiler/pressure vessel
– Total or partial immersion in tidal waters
– Whilst in transit
– Consequential Loss

Extensions: Cover can be extended to includes up to a limit chosen by you on the following on payment of additional premium-
– Owner’s surrounding property
– Clearence and removal of debris
– Additional customs duty
– Express freight
– Air freight
– Third party liability
– Floater cover
– Dismantling
– Earthquake
– Escalation”””

Architecture Of Yesteryears

Shingle style architecture is an innovative form of Queen Anne and it was originated in America during the last two decades of 19th century.This name was given by Vincent Scully, a historian of building architecture.Among the various structures in America that are constructed in this style, The Hotel del Coronado in San Diego is considered as the biggest.The houses that are built in this style are horizontal structures built up on a stone laid foundation.The asymmetrical designs and irregular construction make the building process highly complicated and as a result the cost of construction was far beyond the affordable range for common people.Thus it was considered as a luxury homes design. The roofs are more complex in this type of architecture. Many of such houses have gabled roofs with a tower in the front. A few houses have roofs that are hipped. In the gambrel form of roofs, the third storey of the building will be hidden in the roof so that the building will appear as a two storeyed building. The roof shingles and wall shingles will be in different colors. Most of the houses have towers and if a building is without tower, a part of its wall will be bulged out.

This type of architecture has the provision for more numbers of big and small windows. The windows are mostly double-hung with a single sash below and multiple sashes above. For huge walls, the windows will be in 2, 3 or more rows and there are various designs for the windows. In the most complex designs, large windows are kept in bays with 1, 2 or 3 stories. The more stylish windows will be in square, rectangular or circular shapes.Entrance with spacious porch is characteristic of this architecture.People used to relax in the porches which are supported by balusters, columns or stone supports.

The modern houses that are built in Shingle style architecture offer a host of distinctive features including natural surroundings, energy efficiency and healthy indoor atmosphere. These houses demonstrate how wood, stone and sunlight can be utilized to provide a healthy shelter.There are many holiday homes that are built in this style of architecture. Many wealthy people have constructed this type of homes at famous resorts and also at sea-side plots. Natural colors, exterior covered by wooden shingles and an asymmetric structure are the basic features of this architectural form. The other common features are big porches, irregular roofs, towers, verandas, asymmetric floors, chimneys, huge staircases and fireplaces etc.

Are you looking for Shingle style architects and luxury vacation homes, vanbrouck is the best choice. It is highly recommended from both a design and value standpoint when we were looking to home designs and build our dream home. For more information about Shingle style architecture please visit us.

Be a VIP at home. Use your best stuff every day

My grandmother bought me a set of 6 china cups and saucers for my 21st birthday. Now I’m 50 but those cups and saucers have been used almost daily. Sure, I lost two cups at some point but it doesn’t really matter. Those objects were given for me to love and enjoy them and I’ve had nearly thirty years worth of enjoyment out of them. Of course I could have kept them safe in bubble-wrap at the back of the cupboard but what would be the point of that? Most of us will happily use supermarket glassware and keep the cut-glass in the cupboard. Why? If you have precious items that you want to use but are worried about them being lost or destroyed consider the following: -Take a really great photograph of the object. If you lose the object you’ll have the photograph forever. -Make sure items are properly insured. -Display them somewhere safe (in a lit cabinet? In a jewellery box?). -Be sensible about their use – don’t give your best cut glasses to the children (although I used to … and my children never broke any). -Don’t put your favourite items in the dishwasher or the washing machine (wash by hand) … I’ll admit I stick most things in the dishwasher but that’s just me! However, once you have decided which precious items to keep, clean them carefully and look after them. -Make sure your antique jewellery has a safety chain fitted (a good jeweller will do this for you). Don’t wear that precious necklace until you get the clasp fixed etc (be sensible about it). Then, once you’ve taken precautions, use and enjoy the items that you love. Granddad would have wanted you to have worn his gold pocket watch occasionally or at least have it placed in a beautiful display box where you can enjoy it every day. For more ideas like this: -How to be a Clutter Clearing Angel: Easy ideas to Organise your Home’ (E-Book by Jacky Newcomb) Jacky is the author of the E-Book: -HOW TO BE A CLUTTER CLEARING ANGEL: Easy ideas to Organise your Home’. She is also a multi-award winning, Sunday Times Best-Selling Author and columnist for Take-a-Break’s Fate & Fortune magazine. She is regularly featured in the national press (Daily Mail, Daily Express, Daily Mirror etc) and Television including ITV’s This Morning and Channel 5 Live. www.JackyNewcomb.com