At the Government level many new policy initiatives have been taken recently to boost the real estate Property in India . These policy decisions will lend a stimulus and impetus to the industry. It is beyond doubt that the new initiatives will unlock the potential of the sector. Also, along with the stimulus package announced by the Government, the Reserve Bank of India (RBI) has taken a definitive step whereby banks are allowed to devise new schemes beneficial to the property sector.
As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
Full repatriation of original investment after three years.
Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
100 per cent FDI allowed in realty projects through the automatic route.
Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.
Chicago lakefront condos offer a perfect way to beat the summer heat. Step out onto your balcony and enjoy that refreshing breeze off Lake Michigan, or throw on a swimsuit and head down to the water whenever you please not to mention, many of those high-rise condos along Lake Shore Drive have pools where residents can take a dip and do a few laps. The rooftop swimming pools are especially nice in hot weather because you can be outside and bask in the sunshine, then jump in the water to cool off whenever the mercury levels rise.
A number of Chicagos lakefront condo buildings are equipped with outdoor areas that range from landscaped terraces to designated doggy runs. Some condos invite residents to grill up steaks (or veggie burgers) on the barbeque and dine al fresco while taking in a view of Lake Michigans endless blue horizon. There arent many places in the world where you can take an after-meal stroll along 18 miles of unobstructed freshwater shoreline but lucky for us, Chicagos lakefront real estate affords that type of luxury to condo owners from the South Shore to Edgewater.
Proximity to Lake Michigan is a huge selling point for residential real estate in Chicago. For the most part, the closer you are to the lakefront the more valuable the property. Of course, not many condo buildings are technically “on the water” due to a city initiative that preserves the land for public parkland and open access to Lake Michigan. Minus a few high-rises north of where Lake Shore Drive ends, most condominiums were built west of The Drive. Still, there are plenty of housing options in Chicago that put you within a couple minutes walk of Lake Michigan.
Thinking of living in a condominium unit? But before buying a condo unit, have you ever asked if what kind of experience would you expect in living in a condominium? Different condominiums can offer different advantages, benefits, disadvantages, and consequences. So before purchasing a condominium, try to investigate what experiences do residents have in living in a condominium.
Experiences in living in a condominium Condominiums have become a very popular type of housing in many countries around the world, such as in the Philippines. According to many real estate experts, condominiums have become the most popular and in demand type of residential Philippines properties available in the market today.
There are different types of condominiums in the market today. There are condominiums found in the city, while other condominiums are found in the outskirts or even in provincial areas. Each type are known to provide different experiences to its residents. First is with the typical condominium found in the city.
Condominiums, according to many real estate experts, are some of the most popular and in-demand types of housings in the Philippines. There are many reasons as to why this is, and one of those is its continuous evolution to provide the best types that many Filipinos needed in today’s rapidly changing needs.
Different Condominiums for Different Filipinos There are currently two popular types of condominium Philippines today. There are those that are found in business and commercial districts, while others are found in the outskirts or even in the provinces.
Condominiums in the City According to real estate experts, condominiums were first established in business and commercial districts. Their aim is to provide Filipinos with residential real estate that allows them to easily and conveniently access their workplaces as well as other popular entertainment locations (such as malls, shopping centers, etc.).
Coming out of a vibrant 2006, the authentic estate marketplace remained buoyant over the past yr, but with desire for equally residential and business property outstripping source, it was the sellers who continued to exert the increased impact more than price tag.
Business experts explained this trend could continue effectively into 2008.
“We can say that Jamaica’s genuine estate marketplace has just skilled another great 365 days of record charges including a formidable demand that may be many years away from staying content by developers,” mentioned Andrew Issa, authentic estate broker with Coldwell Banker Jamaica Confined.