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Tuesday, July 22, 2014

Bangalore Witnesses the Growth of Service Apartments

The buzzing IT destination and the well-known Silicon Valley of India is growing and progressing in almost all verticals. The development of IT industries and sectors across Bangalore has resulted in the development of a number of service apartments in the city. As the IT sector demands frequent on site and off site work schedules a number of IT professionals are flying and out of the Country for a month or two.

Many of these service apartments are visited by the business travelers of many software industries and BPO Sector. This demand is also increased by a number of IT and ITES, Businessmen and leisure travelers and also those medical tourists who are visiting India for certain medical treatments. Where ever in the IT companies are concentrated there is a huge requirement for the service apartments and also the PG Accommodation.

These days many of the high investing professionals are investing in service apartments which are furnished fully and are supplied with all comforts and amenities of home. As per the present scenario the service apartments are progressively most preferred choice of those who are looking for a home away from home.

These service apartments are a comfort deal as they help in avoiding tiresome transactions required to lease a flat or an apartment. Bangalore has an array of service apartments which are luxurious and fully furnished with all amenities of top class quality. These service apartments are located almost in every location like Koramangala, Indira Nagar, JP Nagar, Sarjapur Road, Hosur Road, Airport Road and many other prime locations. There has been a 90% occupancy rate witnessed by the service apartments in Bangalore. Bangalore city has also witnessed around 51% of foreign travelers visiting India this also has simultaneously increased the demand for affordable housing in the IT Hub. Many of the realty developers are offering service apartments and providing prolonged stay housing.

Friday, July 18, 2014

Dreamz GK Infra Customer Get Together Meet

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Monday, July 14, 2014

Is the cost auditing regulatory measure of the GOI, negatively affect the real estate, healthcare and educational sector

At the first glance, it seems rather radical of the GOI to enact a directive and ordinance requiring a strict cost audit and check on formerly untouched and unregulated sectors of organizations that are into housing, Health care and Education.

The GOI prophesizes that this move will bring in a much needed transparency in these sectors to quell abate and allay the practices of price fixing and exploitation of consumers who may be real estate tenants, or patients or students of the so- called paid management quota seats.
The notification has at the same time created a strict schedule by means of which the costs of production (as applicable), the margins earned, sales and operation activities on a monthly, quarterly or annual basis; should be maintained in cost records.

A senior member of the institute for chartered accountants remarked that the move would help consumers by making the market more approachable to them, and prevent exploitative situations from occurring.

However, other sectors like automobiles, electronics, electrical, paint, paper, textiles and glass would be spared from this move.

The Indian IT outsourcing and servicing sectors did not have such restrictions on them historically speaking and bloomed and mushroomed into the bulwark of the national economy nowadays.  However the manufacturing and export sector did not have such restrictions on them as a result of which China is today known as the world’s factory precisely because of less impingement of the Chinese government.

Nevertheless, in the past the GOI created four broad a sector on the basis of which auditing was carried out. The first namely were strategically important companies that were into atomic, defense and space industries, the second category includes companies that were directly regulated by the central government. These include logistics; big telecom; transmission and supply of electricity, industrial metals, roads, agro-industrial manufacturing units amongst many others of similar ilk. Furthermore cross disciplinary companies having a turnover of 50 Crores and above would be candidates for the audit given that this measure would hope to fix toll charges.

In the categories after these were companies that provided public service directly in the form of education, pharmaceuticals, hotels, health care and the like.

By close observation it would seem that this draconian ordinance is fit for the socialist India of the 60’s and the 70’s and not for a modern emerging corporate intensive power that our country has to become in order not just to propagate it’s reason of existence but also to defend itself in times of need.


The government should not act as judge, jury and executioner for the flower of the youth of India who derive a livelihood from these very companies. Don’t you think?

Thursday, July 10, 2014

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Monday, June 16, 2014

Reduced Interest Rates will lead to Long Term Goals: Government Speaks

The Urban Development Minister Venkkaiah Naidu announced on Wednesday that the interest rates on home loans will be reduced. He marked by saying-“We will intervene and bring down the interest rates for housing a little. That will be my priority”.

Soon after Naidu took the responsibility of the bureau on Wednesday made a statement clearing that there is an immediate necessity to reduce the rate of interest for the housing segment as it is the stable way to achieve housing for all. 
The reporters were informed that Naidu took the housing as a top priority area and also said that the matter will undergo a discussion with the finance minister (Arun Jaitley).
He also mentioned that throughout the National Democratic Alliance rule under Mr. Atal Bihari Vajpayee the housing was on topmost priority. During that course of time the housing interest rate was reduced from a straight figure of 11 to 7 percent.

According to the current panorama of the housing segment in the real estate sector the housing interest rates have gone up nearly 10 to 11 percent.

He also made it very clear that the goal of achieving housing for all which is targeted by 2020 is achievable only when there is a fair reduction in the interest rate of the houses under this segment. He also marked that there is a serious need of interest intrusion.

Monday, June 2, 2014

Pros and Cons of Reverse-Mortgage - Dreamz Infra Tips

Before knowing the pros and cons of reverse-mortgage, let us understand what reverse-mortgage is, and how it is calculated.

What is reverse-mortgage?
Reverse mortgage is a type of mortgage in which homeowners can borrow money against the value their home for which no repayment of the mortgage (principal or interest) is requisite until and unless the borrowers want to sell their home or deceases.
housing loan
How reverse-mortgage is calculated?
After, analyzing the initial mortgage amount, the rate of interest that accumulates, the period of the loan and rate of value of the home, the reverse-mortgage is planned so that the loan amount will not be more than the value of the home during the life of the loan. 

Before lending, the lender will check whether any other liens against the home exist and in case any exists, the borrower should pay-off from the takings for the reverse mortgage.

The chief benefit of reverse mortgages is not alike the conventional mortgage payment and this type of mortgage also allows the borrowers to still own and live in their house.

Pros of Reverse Mortgage:

Low threats for nonpayment - In reverse mortgage, there is no option for payment of loan until the borrower leaves the home (but should pay taxes, maintenance cost, and insurance on their home) and need to be worried for taking home away for non-payment, which happens in the home equity loan. If the borrower stays in a different house for a longer-time than mentioned in the loan agreement, then the borrower is subject to foreclosure. The reverse-mortgage lenders will not check about other assets and income of the borrower.

No Hitch – While the repayment of reverse mortgage, the borrower will never pay more than their property value, though if the reverse mortgage lender has paid more than the value of the house. This is also a beneficial pro, when the home price drops and the borrower had secured reverse mortgage.

No Tax – Since, reverse mortgage is a loan; it is generally tax-free, irrespective of however it is received, either as whole amount or fixed sum.

No Constraints – In reverse mortgage, there is no restriction in how the borrower uses the money or any guidelines that says it should be used for specific reason.

Flexible Payment Options – Depending on the type of reverse mortgage the borrower choose and receives amount in the form of whole amount, fixed sum, credit-line, or combining some forms of the above together, the borrower can pay accordingly.

Ownership – With reverse mortgage, the borrower can retain the ownership and live in the same house but should pay the insurance, maintenance cost, property taxes and any such required.
Permanent Place to live – With reverse mortgage, the borrower can stay in a house as long as they want and when they safeguard the reverse mortgage.

Cons of Reverse Mortgage:

Watch out if you (borrower) are entitled for low-income aid – Make sure that your low income assistance is not eliminated from reverse mortgage.

If you are relocating – Make sure, if you choose for a reverse mortgage you stay in the same house for long time as you will be subject for foreclosure if you stay in any other place for longer period as mentioned in loan agreement.

Assess your inheritance and your heirs – The borrower will have the option to pass the reverse mortgage to heirs who can keep the home and continue the reverse mortgage or pay-off and keep the home.