General principles of contract law Arizona simply the existence of an offer, acceptance, testing, and a sufficient specificity of the concepts to an enforceable contract. This is true regardless of whether the parties to write the conditions and / or sign a written document.
This is not the case, if the contract concerns the sale of real estate. It is the statute of fraud is codified in Arizona (ARS 44-101 (6)) requires that contracts for the sale of properties to write and sign to be enforceable.
It is important to note that the Arizona law is settled that only the signature of the "party to be" "is required. In other words, the contract must be signed by the party against whom enforcement is sought, but not necessarily by the charging party. For example, a seller of property that is not signed purchase contract in May successfully bring an action against a buyer who has the contract.
The parties to an Arizona real estate contract should also not forget that any change to the contract must be written and signed enforceable. Due to the requirements of the statutes of fraud, parties buying or selling real estate in Arizona demand is recommended that a written confirmation of all terms and conditions of the real estate transaction. Often, agents and brokers can be representations and warranties for buyers and sellers, and indicate that a written amendment is not necessary. Buyers and sellers should, therefore, the temptation to rely on such assurances, and to ensure that all important questions to be made in writing and accepted by the other party.
Unfortunately, many Arizona real estate are not written and / or signed and one or more parties with a need for deliverance from another party. When you have such a situation you should consult with an experienced Arizona real estate attorney as soon as possible to determine whether an exception to the statutes of fraud can be applied, or if other remedies are available.
Kevin R. Harper is an Arizona real estate and business services, litigation attorney, to individuals and small businesses throughout the state of Arizona from his centrally located office at 1 N. Central Ave., Suite 1130, in downtown Phoenix.
For more information on Arizona Real Estate Law, feel free to contact Harper Law PLC at 602-738-2090, or visit the company online at http://www.HarperLawArizona.com
Copyright 2008 Harper Law PLC, all rights reserved.
The above article is for informational purposes only and, because each situation is different, is not as definitive legal advice. You should not act on this information without independent legal advice regarding your individual situation.
real estate software directory
Virginia Beach Real Estate is a hot commodity. For the first time home buyers and families have gravitated towards Virginia Beach Real Estate because of the close proximity of sandy beaches, a variety of activities and entertainment for adults and children. Here are five districts of the best Virginia Beach Real Estate, if you think you or relocate your family or if you just think of investing in real estate tide.
Kings Grant
The hotel is situated in the north central part of the city, Kings Grant offers education for all children, including Kings Grant Elementary School for Children and First Colonial High School. Living in the Kings Grant area also offers proximity to the Lynnhaven Shopping Center with an upscale shopping mall and other shopping centers for additional comfort.
Bayside
Closer to the Norfolk / Virginia Beach border Bayside also offers a strong school and close to the Naval Amphibious Base. Bayside is also in close proximity to the Boulevard of independence, a multitude of shopping centers and entertainment hot spots.
Princess Anne / Kempsville
The Princess Anne and Kempsville area Virginia Beach Real estate close to the Virginia Beach Towne Center in the Pembroke area. Town Center includes restaurants, shopping and entertainment venues. Princess Anne is also relatively close to the community of Virginia Beach, where the city court building, prisons and other public buildings.
Pungo
Home of the annual Strawberry Festival Pungo is the rural areas. Inhabited by about 100 residents, Pungo community is the best hope for families, away from urban life, but who wants to be within driving distance of the shopping district. Pungo is about ten miles from the center of Virginia Beach.
Green Run
With the largest Neighborhood Watch programs in Virginia Beach, Green Run has about 15,000 inhabitants and 36 districts in the district. With Leisure Center near Green Run also offers several primary, middle and high schools for students.
Sarah Reece writes for Ciniva Systems, an award winning Virginia web design company. Ciniva specializes in web design and SEO. Sarah Reece is an SEO specialist with Ciniva. Ciniva system is in the SEO for Nancy Chandler Associates.
Kings Grant
The hotel is situated in the north central part of the city, Kings Grant offers education for all children, including Kings Grant Elementary School for Children and First Colonial High School. Living in the Kings Grant area also offers proximity to the Lynnhaven Shopping Center with an upscale shopping mall and other shopping centers for additional comfort.
Bayside
Closer to the Norfolk / Virginia Beach border Bayside also offers a strong school and close to the Naval Amphibious Base. Bayside is also in close proximity to the Boulevard of independence, a multitude of shopping centers and entertainment hot spots.
Princess Anne / Kempsville
The Princess Anne and Kempsville area Virginia Beach Real estate close to the Virginia Beach Towne Center in the Pembroke area. Town Center includes restaurants, shopping and entertainment venues. Princess Anne is also relatively close to the community of Virginia Beach, where the city court building, prisons and other public buildings.
Pungo
Home of the annual Strawberry Festival Pungo is the rural areas. Inhabited by about 100 residents, Pungo community is the best hope for families, away from urban life, but who wants to be within driving distance of the shopping district. Pungo is about ten miles from the center of Virginia Beach.
Green Run
With the largest Neighborhood Watch programs in Virginia Beach, Green Run has about 15,000 inhabitants and 36 districts in the district. With Leisure Center near Green Run also offers several primary, middle and high schools for students.
Sarah Reece writes for Ciniva Systems, an award winning Virginia web design company. Ciniva specializes in web design and SEO. Sarah Reece is an SEO specialist with Ciniva. Ciniva system is in the SEO for Nancy Chandler Associates.
texas real estate directory
Where are the sellers to hide when I need them? Not all hiding, just waiting for you with them. You ask, but how ...?
As a new real estate investor you are probably trying hard to figure everything out? You know that there are a lot of money, but not sure how the seller?
There are many proven ways, just a question of what works for you?
One of the best is from the Sunday newspaper. The two areas that you need to adapt to the houses for sale. Usually best to ads that are at least three to four weeks old.
The reason for this is that you are looking for motivated sellers, and they are generally not motivated the first or second weeks. If you have a nice property, priced right, it will sell fairly quickly. By the fourth week, they are much more motivated.
Starting with an apartment for sale, you can basically from all Realtor ads, unless they have some words that capture your attention. Find must sell, OWC, seller financing, foreclosure, desperate and this kind of language. Words that scream their motivation to sell.
The first thing you might want to ask, is if the property is still for sale? Many times, if you do not ask, you learn minutes later that it has already sold, and you have valuable time.
The next is the question of price and where the property is located? You should specify which areas you want to work and stay in these areas.
Find out about the property, bedrooms, bathrooms, garages, recent updates and improvements needed. Questions as to why they are selling and how long they have tried?
Issues such as the price they ask, Realtor CMA, neighbors, or sold and what they currently owe?
Why are they selling it? Up or reduce loss of job, divorce, death, relocation or foreclosure? If it does not sell in the next 6 months, they have a backup plan?
Ask for a quick sale, what is the best price? Stay calm and wait for an answer?
If it sounds like something that works, then a time to preview. If not now, hold firmly, leave your name and number and call you back at a later date.
More tips for sellers and other valuable real estate investor information, please visit my web site. Thank you.
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
As a new real estate investor you are probably trying hard to figure everything out? You know that there are a lot of money, but not sure how the seller?
There are many proven ways, just a question of what works for you?
One of the best is from the Sunday newspaper. The two areas that you need to adapt to the houses for sale. Usually best to ads that are at least three to four weeks old.
The reason for this is that you are looking for motivated sellers, and they are generally not motivated the first or second weeks. If you have a nice property, priced right, it will sell fairly quickly. By the fourth week, they are much more motivated.
Starting with an apartment for sale, you can basically from all Realtor ads, unless they have some words that capture your attention. Find must sell, OWC, seller financing, foreclosure, desperate and this kind of language. Words that scream their motivation to sell.
The first thing you might want to ask, is if the property is still for sale? Many times, if you do not ask, you learn minutes later that it has already sold, and you have valuable time.
The next is the question of price and where the property is located? You should specify which areas you want to work and stay in these areas.
Find out about the property, bedrooms, bathrooms, garages, recent updates and improvements needed. Questions as to why they are selling and how long they have tried?
Issues such as the price they ask, Realtor CMA, neighbors, or sold and what they currently owe?
Why are they selling it? Up or reduce loss of job, divorce, death, relocation or foreclosure? If it does not sell in the next 6 months, they have a backup plan?
Ask for a quick sale, what is the best price? Stay calm and wait for an answer?
If it sounds like something that works, then a time to preview. If not now, hold firmly, leave your name and number and call you back at a later date.
More tips for sellers and other valuable real estate investor information, please visit my web site. Thank you.
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
rss directory real estate
For the real estate investor, the newspaper ads and is aggressively looking for more new leads. These are two methods that work well, but require more energy. The real estate investment to the next level.
The two areas that we are bankrupt. You have a bankruptcy, but many because they have heard, when we are not really sure what it is?
Probate is the process of liquidating property after the property seller died. Generally, all suitable with lawyers, just because they usually know how to deal with, even if a licensed attorney is not required.
Bankruptcy is when a person owes to the realization that they are much more than they have and can not in a reasonable fashion Payoff. Some have big decisions that are not worth it. In general, most of them suffocated in credit card debt.
The two main types are Chapter 13, in which the debtor makes a deal with the creditors, the less of an agreed plan and over a five-year plan.
Chapter 7 is when the debts of the debtor is more than able and willing or easy to handle and decides to clear them all and everywhere.
Many of these properties, the bankruptcy properties in foreclosure. Many people in bankruptcy never complete and easy to get sacked sense that they are no longer protected and still have to their debt.
If these failures can be done either with the bankruptcy attorneys and bankruptcy or lookup on the public site.
In order to effective, you can either contact our attorneys, please visit the courthouse to provide information and / or dealing with a local service hotlines.
For more creative real estate information and / or a better understanding, please call or visit me and my web site. Thank you
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
The two areas that we are bankrupt. You have a bankruptcy, but many because they have heard, when we are not really sure what it is?
Probate is the process of liquidating property after the property seller died. Generally, all suitable with lawyers, just because they usually know how to deal with, even if a licensed attorney is not required.
Bankruptcy is when a person owes to the realization that they are much more than they have and can not in a reasonable fashion Payoff. Some have big decisions that are not worth it. In general, most of them suffocated in credit card debt.
The two main types are Chapter 13, in which the debtor makes a deal with the creditors, the less of an agreed plan and over a five-year plan.
Chapter 7 is when the debts of the debtor is more than able and willing or easy to handle and decides to clear them all and everywhere.
Many of these properties, the bankruptcy properties in foreclosure. Many people in bankruptcy never complete and easy to get sacked sense that they are no longer protected and still have to their debt.
If these failures can be done either with the bankruptcy attorneys and bankruptcy or lookup on the public site.
In order to effective, you can either contact our attorneys, please visit the courthouse to provide information and / or dealing with a local service hotlines.
For more creative real estate information and / or a better understanding, please call or visit me and my web site. Thank you
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
real estate website directory
All dressed and not to go. He can be when you are ready to begin, and you have no sellers and real estate for sale? So ... what now?
A good place to get the Sunday newspaper houses for rent. Most newspapers have the town divided by geographical areas. To begin, you may want to only to certain areas only.
It is best to ads that are three to four weeks old. The reason is that you are looking for properties that have not yet hired and sellers are much more motivated.
There are basically three groups of providers who rent.
1. The seller, only to let and not want to sell. If you are looking to buy, so they will not work for you. At best, maybe leave your name and number and, if they ever change their minds.
2. The next group, other investors like you, and try to sell and rent, or their investments. This may be a few different ways? Usually there is no way, but no harm in question. Perhaps they are tired and want, and perhaps a chance if there is a margin? If not, ask what they are and the type of property, etc., that they might go after them and later, if you have a property to the work either of you? Networking with other real estate investors.
3. The third group is that you are looking for. These are the homeowners who really want to sell now, not in a position, they have acknowledged that the rent for a period to cover their costs.
Start asking questions. How much are they asking for rent and price to ask? Why are they sold? Information, location, improvements etc? If it was a real estate agent to find out why it has not sold? Are they compatible with the current payments and / or any pending foreclosure? What are their plans if the property does not sell, rent, in the next few months?
Ask many questions to see if there maybe a chance before you time with the preview. If it appears, have the potential to be a time to preview before another investor considers it a chance.
For more secret creative real estate and other valuable tips can be found on my website.
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
A good place to get the Sunday newspaper houses for rent. Most newspapers have the town divided by geographical areas. To begin, you may want to only to certain areas only.
It is best to ads that are three to four weeks old. The reason is that you are looking for properties that have not yet hired and sellers are much more motivated.
There are basically three groups of providers who rent.
1. The seller, only to let and not want to sell. If you are looking to buy, so they will not work for you. At best, maybe leave your name and number and, if they ever change their minds.
2. The next group, other investors like you, and try to sell and rent, or their investments. This may be a few different ways? Usually there is no way, but no harm in question. Perhaps they are tired and want, and perhaps a chance if there is a margin? If not, ask what they are and the type of property, etc., that they might go after them and later, if you have a property to the work either of you? Networking with other real estate investors.
3. The third group is that you are looking for. These are the homeowners who really want to sell now, not in a position, they have acknowledged that the rent for a period to cover their costs.
Start asking questions. How much are they asking for rent and price to ask? Why are they sold? Information, location, improvements etc? If it was a real estate agent to find out why it has not sold? Are they compatible with the current payments and / or any pending foreclosure? What are their plans if the property does not sell, rent, in the next few months?
Ask many questions to see if there maybe a chance before you time with the preview. If it appears, have the potential to be a time to preview before another investor considers it a chance.
For more secret creative real estate and other valuable tips can be found on my website.
http://www.truthofrealestate.com/shortsale
Clint Cohen is a renowned expert on national resolutions foreclosure and short sale negotiations. Clint is actively involved in various forms of real estate for more than thirty years and actively participated in the negotiations Foreclosure for more than ten years. Clint has been to support and assist the buyers and sellers with special challenges (hard to sell properties and difficult to finance buyers) long before there are books, tapes, Internet information and boot camps. Clint has volunteer his time to hundreds of homeowners in foreclosure situations and succeeded in again and many well educated so they would know the truth, and without charge to homeowners. Clint has been successful for many homeowners to their homes. For the serious financial challenges and do not want to keep, he was able to negotiate with the lenders to a lower payout, which is a win-win for everyone involved. Through many years of experience and success, Clint has helped thousands of training for the real and honest truth of real estate and offers free and simple tips foreclosure. There are many people with a lot of foreclosure, but very few are actively involved in the actual economy, and less with a sincere desire to honestly want to ensure the homeowner in his time of need. Please visit our web site is now a copy of the Free and Easy Foreclosure Tips. Always better to know the truth and all available options now than to later regrets.
real estate web directory
you can certainly money flipping real estate the first way described. Experienced investors can earn money, even though the situation may not be quite as planned. This is another advantage for flipping real estate. If it does not work exactly as planned, There is always the possibility of leasing opportunity, property, or rent the property. The fact that there are options and that you are not in a bad coverage is definitely an advantage.
There are other angles such as mirrors, a house in foreclosure, which is for the purchase of an undervalued property in need of work, repair, and put it back on the property at a higher price. Flip this kind can be a big profit, but it depends on various factors, whether this is the best solution for your situation. With extensive renovation work is often more cash or financing first, to the lot. This is the reason why these types of flips are the easiest type with flats, the minimum repairs and primarily just need cosmetic work.
Flipping homes can also have a positive effect on the neighborhood through the development and re-growth of a stagnant area. Renovated houses and new people to an area and promote economic growth. While flipping presents exponentially large profit potentials, but also great risks, if you actually ownership of the property to rehab, so you want to take the right steps to protect it.
The more risk-free flipping through contracts. This is sometimes known as wholesale or allocation of properties. Here you can bind a property at a discount (with an agreement) and then turn the job over to another buyer or investor for a quick profit.
The benefits are virtually risk free, there is no need for excessive cash or credit or finance, you are not the owner, so there is no curfew or hold down the cost and no repairs or work you. This is why when it comes to fast money in real estate, this real estate investing is one of the best lines, especially for real estate investing today.
Matthew Sorensen is a leading authority in risk free, creative real estate techniques. He has thousands of people with various large organizations.
You can visit his website at: http://creativerealestatehelp.com for more information, such as the maximization of profits for the changing market trends.
There are other angles such as mirrors, a house in foreclosure, which is for the purchase of an undervalued property in need of work, repair, and put it back on the property at a higher price. Flip this kind can be a big profit, but it depends on various factors, whether this is the best solution for your situation. With extensive renovation work is often more cash or financing first, to the lot. This is the reason why these types of flips are the easiest type with flats, the minimum repairs and primarily just need cosmetic work.
Flipping homes can also have a positive effect on the neighborhood through the development and re-growth of a stagnant area. Renovated houses and new people to an area and promote economic growth. While flipping presents exponentially large profit potentials, but also great risks, if you actually ownership of the property to rehab, so you want to take the right steps to protect it.
The more risk-free flipping through contracts. This is sometimes known as wholesale or allocation of properties. Here you can bind a property at a discount (with an agreement) and then turn the job over to another buyer or investor for a quick profit.
The benefits are virtually risk free, there is no need for excessive cash or credit or finance, you are not the owner, so there is no curfew or hold down the cost and no repairs or work you. This is why when it comes to fast money in real estate, this real estate investing is one of the best lines, especially for real estate investing today.
Matthew Sorensen is a leading authority in risk free, creative real estate techniques. He has thousands of people with various large organizations.
You can visit his website at: http://creativerealestatehelp.com for more information, such as the maximization of profits for the changing market trends.
real estate services directory
reports from Chennai Realty market slowdown is not deterring investors. Property owners seem unfazed with these reports and runs with their planned construction.
Chennai real estate is determined by the final consumer. Current real estate reports suggest that investors do not much play in Chennai real estate market. Currently, the city real estate segment is represented by a pause. The number of transactions has risen from 10-15% and in the supply of housing and industry has also contributed substantially. A recent report by Jones Lang LaSalle Meghraj (Chennai) shows that 1.6 million m² of commercial space in Chennai was between January to March 2008. This is slightly below the requirement of 2 million square meters of the quarter January to March 2007.
Transitional Phase
Chennai real estate brokers say that it is a passing phase. PBEL Property Development (India) Pvt Ltd has Rs180 crore in Chennai, the construction of a residential and commercial district. PBEL Property is a consortium of three real estate developers. PBEl is a high-tech residential complex on a 42 hectare site in the Old Mahabalipuram Road.
Another property developer, Unitech, in collaboration with SSI and Arihant Foundations, have an integrated district in Chennai. This city is about 7.6 million square meters and are residential, commercial and retail space. Emaar MGF has announced to invest 3 billion U.S. dollars to 10 cities in South India. The plans for the development of more than 31 million m² of space in major cities like Chennai, Hyderabad, Tirupati, Coimbatore, Cochin, Mysore and Mangalore.
NRI interest
Mumbai-based Hiranandani Infrastructure and Real Estate Company recently completed its residential project in south-west Chennai. The organizers claim that this project, Hiranandani Palace Gardens, has been sold, and has many customers from the Gulf states. Many of these clients are investors who buy property in strategically advantageous location and sell them at a time when picks the best prices to buy.
Overall, the real estate market is not affected by the slowdown reports. The amount of interest from property buyers, investors and developers remain unfazed.
George Gonigal gives you the best and latest information on Delhi Property, If you want real estate prices in Pune, he suggests you log on to magicbricks.com
Chennai real estate is determined by the final consumer. Current real estate reports suggest that investors do not much play in Chennai real estate market. Currently, the city real estate segment is represented by a pause. The number of transactions has risen from 10-15% and in the supply of housing and industry has also contributed substantially. A recent report by Jones Lang LaSalle Meghraj (Chennai) shows that 1.6 million m² of commercial space in Chennai was between January to March 2008. This is slightly below the requirement of 2 million square meters of the quarter January to March 2007.
Transitional Phase
Chennai real estate brokers say that it is a passing phase. PBEL Property Development (India) Pvt Ltd has Rs180 crore in Chennai, the construction of a residential and commercial district. PBEL Property is a consortium of three real estate developers. PBEl is a high-tech residential complex on a 42 hectare site in the Old Mahabalipuram Road.
Another property developer, Unitech, in collaboration with SSI and Arihant Foundations, have an integrated district in Chennai. This city is about 7.6 million square meters and are residential, commercial and retail space. Emaar MGF has announced to invest 3 billion U.S. dollars to 10 cities in South India. The plans for the development of more than 31 million m² of space in major cities like Chennai, Hyderabad, Tirupati, Coimbatore, Cochin, Mysore and Mangalore.
NRI interest
Mumbai-based Hiranandani Infrastructure and Real Estate Company recently completed its residential project in south-west Chennai. The organizers claim that this project, Hiranandani Palace Gardens, has been sold, and has many customers from the Gulf states. Many of these clients are investors who buy property in strategically advantageous location and sell them at a time when picks the best prices to buy.
Overall, the real estate market is not affected by the slowdown reports. The amount of interest from property buyers, investors and developers remain unfazed.
George Gonigal gives you the best and latest information on Delhi Property, If you want real estate prices in Pune, he suggests you log on to magicbricks.com