South Chennai to lead revival of real estate in Chennai, says Alliance Builders

Last 11 months have been nothing short of a revelation for the real estate analysts in Chennai. When the realty market is slumping in major parts of India, Chennai seems to be on a merry ride. Chennai has shown great signs of revival with South Chennai leading its way to become the most rewarding place to invest in. Alliance Builders are hopeful of the market revival in Chennai and expect this trend to continue for a long period. The driving force behind the growth is an increase in number of job opportunities, making Chennai an employment hub followed by an extensive focus on infrastructure development.

Among all the areas of Chennai, North has grown the least. Areas such as Tondiarpet, Kolathur, Madhavaram and Perambur saw negligible launches during this period due to the lack of social infrastructure and poor connectivity to the city centre.
High profile areas in Central Chennai like Nungambakkam, R.A. Puram, Alwarpet, T.Nagar, Mylapore, Royapettah, Kilpauk, Anna Nagar, Teynampet and Adyar have largely stayed distant from some fluctuations.

Premium segment has been benefitting from the affluent standard of living, conversion of bungalows into apartments and break down of joint families into nuclear ones.
The official spokesperson for Alliance Builders Group, said, “Chennai market seems to be bottoming out this year and is close to a point of recovery in terms of sales numbers.”

The Chennai office space market continues its healthy consolidation on the back of dwindling office completions, steady demand and falling vacancy levels. The total stock in the Chennai office space market stands at 58.2 million sq ft, of which 47.1 million sq ft is occupied. While traditionally, this space has been anchored by IT/ITES sectors, in recent times, the Banking Financial Services and Insurance sectors were gaining.

Alliance Jasmine Springss recreating a finer living experience

One dreams of an ideal abode since he begins to learn drawing in his tender years and the dream remains unshaken even when he has grown up. We dream of a home that resides in gentle surroundings of a nature-scape, where mornings are announced by the chirping birds and the day sets with the scenic sunset. Such a dwelling is what has been put on offer for us by Alliance Builders with their project  Alliance Jasmine Springs.

Alliance Builders is a real estate brand name to be reckoned with. The group delivers state of the art projects that bespeak excellence in every inch of space that they bestow. Their upcoming project Alliance Jasmine Springs, located Off Poonamallee Road in Chennai, is one of the finest examples of the group’s outstanding deliveries. Though the project is yet to be delivered, it has already grabbed attention and is becoming one profitable option for prospective investments.

Alliance Jasmine Springs is an exclusive community spread across 5.5 acres, comprising truly exceptional apartment homes. Strategically located off the Poonamallee high road it provides easy access to the centre of city as well as the industrial hub of Chennai - Sriperambudur.

The project is very superior even in terms of its security facilities. Full safety via high quality wire and PVC conduits has been guaranteed giving the project an extra point for its full proof system.
Such an amalgamation of needs that nestles in the luxury of a natural landscape is rare to find and even more rare to hold on to. Alliance Builders brings the project forth for us to cherish and settle in a home that justifies your childhood painting fascinations as well as you more matured aspirations.

What is the concept of ready to occupy Realestate projects

Chennai

The viability of ready-to-occupy projects is getting understood in all circuits and the number of investors opting for it are increasing by the day.

Buying a house is one of the most important decisions of one's life. Usually, there might be a long wait, mixed with anxiety with respect to realising the dream of owning a house. This wait has decreased substantially with ready-to-occupy projects gaining in popularity .With income levels rising and increase in the number of HNIs, ready-to-occupy property is finding more takers in the city.

There are many advantages that a ready-to-occupy property has over an under-construction development. Instead of a sample flat or just the floor plan, you actually get to see the finished project. Also, in case of under-construction project, there are many cases where in they are not completed within the promised time-frame much to the distress of buyers.

Explaining the concept of ready-to-occupy projects, K S Manian, chairman, Radiance Realty says, "Ready-to-occupy homes refer to second-hand apartments or apartments that are ready for performing house-warming sessions within a quarter or two. Projects which are 95 percent complete (internal finishes are done, interior related work is in progress and common area finishes are in the final stages of completion) are classified under this category." Popularity of ready-to-occupy apartments has increased in recent times and individuals are actively investing in such projects. "The primary reason is that supply has increased. There are more ready-to-occupy projects available today as compared to earlier years. These apartments come at a higher price as compared to under construction apartments. However, the buyer is clear as to when he can move in and also saves on rent, which can then be used to pay the EMI. Roughly, half the buyer segment is interested in ready-to-occupy projects," says Manian.

R Kumar, managing director, Navin's says, "The demand for ready-to-occupy projects is increasing. People prefer such property as there is no uncertainty about the completion of the project. It is a good bargain for the customers as they can actually see and feel the finished product and have a better understanding of the project. The customer can weigh all the options in the truest sense and get a good idea about the area and infrastructure planning." He feels that the buyer must be careful and do his research while investing in ready-to-occupy projects. "It is important that the investors ascertain that all the required clearances are in place before they go ahead with the investment. A completion certificate is must and they should also ensure that all the service connections are in place," Kumar explains.

Even from the finance angle, a ready-to-occupy property is beneficial to the buyer. Mathew Joseph, member of executive management, HDFC, explains, "In case of a ready-to-occupy home, it is a win-win situation for both the lender and the borrower. For the lender, the risk factor is zero. There is absolute certainty about the project. Also, the financial institution lends the bulk amount at once instead of periodic amounts. From the borrower's perspective, ready-to-occupy project has an advantage of 'what you see is what you get' ­ something that no brochure or video can provide. Double cash flow with rent and EMI does not happen and pre-EMI interest is not there." Perhaps the biggest economical financial advantage for the individual investing in ready-to-occupy project is the tax benefit. "Buyers get income tax benefits for a ready property and there are concessions on interest and principal amount," Joseph adds.

According to Devina Ghildial, Managing Director, South Asia, RICS, a major issue in the Indian housing market has been delay in delivery of the project. "Customers end up paying rent as well as EMI of the housing loan. As projects are delayed, developers also escalate prices with respect to inflation or other outside variables. Demand for ready homes is growing as homebuyers are becoming even more wary about the projects that are under construction. The price differs significantly, however, with thousands of old inventories now available in the market for sale in the festive season, the difference has narrowed," she says.

Source : 99acres.com

5 Tips for Real Estate Investing Success

As you prepare to become a successful real estate investor, I encourage you to take the following tips into consideration. They have helped me greatly as I have navigated my way through the world of real estate--and life in general. I hope these tips will make just as big of an impact on your life as they have had on mine.

Tip #1: Create a game plan.

Decide what you want to accomplish and outline the steps that you must take to get there. Who will be involved? How will you meet them and gain their cooperation? How much time will it take? Where will you find this time? How much will it cost, and where will you get this money? What's the risk? How will you handle it?

This plan will serve as your guide each day, so you need to get it right. That brings us to the next tip...

Tip #2: Have an expert review your plan.

The first real estate investing plan I created involved me single-handedly buying 100 houses in a year. And it listed several different marketing strategies that were completely cost ineffective. I had a friend of mine (who isn't even involved in real estate) review the plan, and he said it looked good. How silly of me!

About eight months into working this over-reaching and misguided plan, I had an expert investor review it. He tore it apart, and together we reconstructed a better plan with more realistic goals (buy 12 houses, not 100) and a more effective marketing plan. 

Shortly thereafter, I bought 6 houses, and I actually felt good about my progress. Six out of twelve feels much better than six out of 100!

Tip #3: Don't give up.

The life of a new real estate investor is filled with countless highs and lows. You're on a high when you think you have a property all locked up to purchase, and then you hit a low when it suddenly falls though at closing.


Or you're on a high when you finally do close on that house, but you hit a low when you hit a 3-week dry spell and it feels like you couldn't get a seller to agree to your price--even if you paid double.

I hit a personal low when I was jobless and $5,500 in debt from fruitless marketing attempts. But I got up early each morning and worked toward my goal of financial freedom. Even though a voice in my head told me to give up, I never did.

That's probably the #1 key to success: Don't give up. Even someone who's as dumb as a box of rocks will eventually succeed if he doesn't give up.

Tip #4: Take baby steps.

When you break it all down, big goals, big dreams, and big plans are nothing more than a series of miniature action steps or "to do" items. When you dissect the daily life of a successful investor, you'll find that he or she does 8 to 12 things each day that are real estate related.

One item might be "Watch DVD #5 in the new investing course I bought." Another item might be "Call the title company about the name on the warranty deed" or "Meet the inspector at the house on Watson Street."

All of these little tasks each day add up to what is, or what eventually will be, a large and highly profitable real estate investing operation. So don't toss that "to do" list by the wayside, thinking that your small efforts today don't mean much. They mean everything.

Tip #5: Become comfortable with discomfort.

I was actually nervous at the first real estate investing meeting that I attended. I was wondering if I would say something stupid or if I wouldn't fit in. After all, most of the investors in the room were 40 or 50 years old, and I was 22.

But by the third meeting I attended, I became comfortable with the crowd. Had I quit after the first meeting, I would have missed out on the very information that enabled me to buy so many properties.

I've learned that one of the biggest keys to success is persisting though uncomfortable situations until they eventually become comfortable. This is where true growth occurs.

Alliance Orchid Springs – State of the art project

The desire to own a perfect house is common to all. The satisfaction and contentment of living in a perfect house is an important factor in one’s life. With special attention and focus on the expectations & needs of a common man, Alliance Builders have designed their residential project Alliance Orchid Springs. With their state-of-the-art projects, Alliance Builders has established benchmarks in the real estate sector. The project Alliance Orchid Springs is located at the prime location of Annanagar West Extension, Padi in Chennai. It is an ideal location surrounded by Korattur Lake, one of the largest fresh water lakes in the city. With the vision of serving the best to society, Alliance Builders strongly believe in maximizing customer satisfaction and using quality raw materials in their projects.

The Alliance Orchid Springs apartments are embedded with the concepts of space, luxury and comfort.  It has 2026 luxury home apartments along with a shopping mall, multiplex sports courts, children’s play area and landscaped gardens and a clubhouse with exclusive features.  The apartments are well connected to reputed educational institutes like Chennai Public School, SBOA, DAV, MGR University and Vaishnava College, hospitals like Madras Medical Mission, Frontier Life Line and Sundaram Medical Foundation, renowned corporates like  TVS Lucas, Britannia, Prince InfoTech IT Park, TCS and HCL, major landmarks & prime locations of the city, super markets, entertainment zones and multiplexes.

Alliance builders have effectively infused the concepts of traditional & conventional method of construction with modern state-of-the-art technologies.  The project offers a complete blending of exclusive features and technologies to support a modern lifestyle along with what nature has to offer.  All these features along with astounding infrastructure make Orchid Springs Apartments an abode of luxury and comfort.

Alliance Infrastructure crafting milestones of excellence

‘Where actions speak louder than words’ is how the work ethics are defined at Alliance Infrastructure Projects Pvt. Ltd. Alliance Infrastructures is a collaboration of young minds who are vibrant and self-motivated and who adhere to international standards of work delivery and follow a high degree of professionalism. Their relentless hard work and insistent efforts have translated into an amazing regularity in the deliveries by Alliance Infrastructures. The group has taken giant strides in the development industry and has broken all barriers of excellence.

The company is headquartered at Bangalore and has spread its operations in many parts of the country that include Chennai, Hyderabad and Mysore. Alliance currently holds 1.04 Crore sq. ft. (10.4 Million sq. ft.) of projects which are worth Rs. 5,000 crore. These projects are in different phases of execution.

Our Vision

Alliance has a defined set of goals which bespeak all its actions. The company aims at conquering the international real estate market with a vision to become a $10 billion enterprise and the world’s largest real estate development company by 2035. This milestone brings glory to the company as well as brings pride to the national real estate scenario.

Our Mission

We aim at delivering excellence which is more than value for money for our clients. Through our innovative and quality driven projects, we ensure superlative comfort and luxury.

Our team is as dedicated to timelines as it is to quality. We ensure an in-time completion and delivery of projects.

Happy employees translate into happy clientele. We, at Alliance, strictly believe this. We make sure that all our employees feel a sense of belongingness and stability.

Our Values

Integrity is the word that we abide to and define our operations. We operate with high levels of integrity and inculcate quality culture at all the levels.

We value time commitments which we entrust to our customers. We deliver our projects in time for each and every client.

We make it a win-win deal for our clients as we develop large-scale projects which help us achieve economies of scale and hence we can share a part of our savings with our clientele.