India is witnessing a rapid growth in real estate industry that’s leveraged in all parts of the country – be it Chennai, Hyderabad, Bangalore or Cochin real estate, the property prices are touching unforeseen heights.Chennai real estate has massive demand in all real estate development areas like commercial, residential and retail. Chennai real estate is developing as strong real estate market in India. The market demand for both residential apartments and individual houses is on the rise Chennai property & Real Estate prices differ depending upon the parameters such as location, type of building construction, accessibility, amenities and other services . SEZ’s are the major growth drivers of Chennai’s property market. Chennai real estate market is witnessing an upward trend in terms of values.

Real growth drivers

There is a huge demand for Chennai property market is due to the following factors:

 

· It is well connected to its satellite cities and other parts of the country

 

· It is well equipped with high-tech communication channels like high –speed internet connectivity and digital telephone networks

 

· The city is home to many prestigious educational institutions and

 

· The city is home to a lot of advanced medical and healthcare facilities

 

· IT/ITES and SEZ’s growth

 

· Rising incomes from the IT/ITES sector

 

· Flexible home loan options

 

· NRI’s who are returning to Chennai for better opportunities

Residential Real EstateAfter undergoing recession for the last few months, Chennai residential property market is moving towards recovery path. The demand for residential apartments and individual houses are the hottest one in Chennai property market. The most expensive areas for Chennai apartments are: Besant Nagar, RA Puram, Mylapore, Egmore, Adyar and Annamalaipuram.

Commercial Real Estate Chennai real estate market is witnessing an unparalleled growth in the commercial sector. There is a large number of commercial projects are under construction. This is due to the IT companies demand for commercial space in Chennai property market.

 

There is always a continuous upward trend in commercial property values because demand for commercial activities surpasses its supply and expected to increase in future as well. The preferred business areas in Chennai property market are: Cathedral Road, Lloyds Road, Guindy, Ambattur, Nungambakkam, Tharamani, Old Mahabalipuram Road, and Anna Salai.

 

Chennai real estate market is exploring alternate avenues in commercial sector to attract companies from different industry verticals. Thus, the offerings are customized in design to suit the specific needs of the industrial sectors. There is availability of different grades for office space like

 

· Grade – A: Catering to the needs of multinational IT and ITES firms

 

· Grade – B and C: Catering to local and domestic companies

Future Perspective

Chennai property market has seen an upward trend in pricing almost by 200% in the last two years but it’s witnessing a downward trend. Even office rentals are also seen a 15% drop. Real estate experts say there has been a 90% drop in demand for residential projects since the start of the year (2008) but it is for short term only. Otherwise, Chennai real estate market seems to be vibrant in nature forever.

 

The investors who have invested in Chennai properties in turn generate sizeable returns which seem to be a good design. Chennai property market is offering the buyers, investors and NRI’s the space what they want, who are showing great interest in the city.

 

Headlines week of September 23rd, “Republican Candidate Senator

 

John McCain suspends campaign to fly to Washington for Emergency economic meetings, will not debate Friday.” “Friday morning after failing to accomplish any legislative action on the economic crisis, Senator McCain plans debate tonight.” “President Bush in a heated unproductive Emergency meeting when Republican Legislators pulled out was heard to say, “This sucker could go down.”

 

These headlines and more where tossed around by commentators on CNN and FOX News channels. The “post sub-prime” Crash has created a significant challenge for new homebuyers and sellers, Real Estate and Real Estate Loan Agents than ever before! But Myhomeseaches.com has an answer for those not waiting for action from Washington DC, lead generation through marketing exclusivity.

 

The humble yet highly effective web site launched in 2006 innovated city and county lead exclusivity for Real Estate and Loan Agents. As members of Myhomesearches.com each are offered in separate categories, presented in an easy modular format, which when a buyer selects one is given the opportunity to choose the city or county they desire to purchase a new home. Once that selection is made they are taken to the exclusive Real Estate Agents or Loan Agents personal web site or hosted web pages without framing to avoid any distractions.

 

For the Real Estate Agents and Loan Agents they the holders of exclusivity of all leads for that city and county through Myhomesearch.com membership, creating the very real authoritative distinction, that sets them apart from the masses, who are left with the crumbs that every agent has paid for to sit on web sites that nobody took seriously including the Agents!

 

Because the home Buyers where put through a barrage of personal questions, giving up their personal information, and unnecessary pre-qualifying only to get sent to another page for a multi listing of Agents to sift through and figure out which ones to call, these Buyers are left in a state of agitation. Thus making Myhomesearches.com the perfect trafficking hub for Buyers to find qualified agents and for Real Estate Agents and mortgage Agents to have highly qualified, unmolested buyers placed directly at their web sites. There is only one Real Estate Agent for each city and one Real Estate Loan Agent per county as part of true exclusivity and territory protection for site members.

 

Myhomesearches.com also has an extensive listing of related business from which the buyers, sellers, and even the Real Estate and Loan Agents can draw upon. The expertise offered by these companies again ensures that the Buyer and Seller have the information on hand when that home-related product or service is in need. From house cleaning to landscaping to contractors, members and non-members will probably find the right offering for what ever they may need in relation to their new home.

 

Three points of credibility all parties should know about. There are NO charges what so ever for buyers and sellers, only agents very minimal per year membership fee is applicable, never a site commission, no click points, and no information mining. Agents are guaranteed if no sales are closed from leads, the next year is free. And finally, each Agent member has a three-year no price increase guarantee.

 

To beat the challenges of the “post sub-prime” crash, the answer to buying a new home is to work with a Real Estate Agent and Loan Agent with market exclusivity provided by Myhomesearches.com

 

 

In August, I set out to find solutions and successes in the real estate market. I wanted to find “now” ideas and new concepts, practical marketing, viable success, and honest answers to help the crumbling real estate market. Searching through newspapers, business journals, how to manuals, and many other sources, it became obvious that I was finding the same old worn out rhetoric put out by the same people who brought this current economic disaster down upon the backs of hard working American citizens. Then one day late in August, in an exclusive part of town, I stopped for a coffee near a marketing firm I was going to, to find out how they were dealing with the current crisis. That’s when I found a real estate agent sitting in a coffee shop in an obvious state of glee and tranquility. Glancing over her shoulder while she was consumed with typing on her laptop, humming a familiar tune, I saw a yellow sticky note, it said, “My New Home Search” with a smiley face hanging on the top outer frame of the screen.

 

This was not what I had come accustomed to seeing; she had her nametag with her companies name and logo proudly positioned on her smart, yet casual blouse. This was like finding the missing link deep in the heart of the Amazon. Sitting at a table next her after getting a small cup of coffee, seated myself in a position in her line of site, so when she looked up from her screen she could not miss me. I waited for my moment. As I watched her typing I could feel her elation. Her body language spoke of a person in a state of joy and confidence. Then with a crescendo and final tap of her index finger she breathed deep, smiled and look me right in the eyes. “Hello”, she said waiting for my response. Coming out of my voodoo like trance, I framed a smile and returned her greeting with, “Why, hello miss happiness”.

 

My success in interviewing people over the years was to put people at ease so I could get to the root of the story. She didn’t miss a beat, “Well how are you doing Mr. Inquisitive?” She was as good at reading people as I was; this was going to be interesting. “Better now that I found you,” I replied. Again, without hesitation, she winked and said, “You look like a man who is searching for an answer, have you found one?”

 

Like a pro she framed that control question. I couldn’t help but chuckle and return her question with, “Yes I have, you.” Check and then the checkmate, “If I could, without prying to much ask, why are you so happy?” This time, like a tiger preparing its self to pounce, she placed her hands flat on the table, rose slightly, leaned forward, looked right and left to make sure imaginary people were not privy to what she was about to say and with a smile and whisper of a confident keeper of a secret she said, “I just closed on my new home.” She leaned back from her striking position, relaxed with confidence, grinned ear to ear as if she had just finished eating a five star meal.

 

There are moments when all the searching, the exclusive interviews, and marketing for information are simply preparation for the moment of revelation, this is how it always happens. I had found the answer and I quickly explained who I was and my mission. She offered to answer my questions on the condition that she remained anonymous. At least I could catch the tiger, even though I would loose the tail in the process, I continued and asked her to explain her success. Almost two hours later, a large cup of coffee, a cinnamon roll and an education on a real estate’s agents success story, I had what I was looking for. She handed me her card, gave me hug and with the stealth of an endangered Tibetan Snow Leopard she vanished as the door to the coffee shop closed.

 

Here is a synopsis in brevity of what she laid out for me. The key for her success came by a chance meeting at a seminar over a year ago, where she met a real estate agent who disclosed to her a new way of how to acquire qualified leads. They showed her Myhomesearchs.com and explained “exclusive marketing” and how, as a real estate agent, she could become a member and get exclusive qualified leads and guarantees of success at such a absurdly low cost, she could go with out her lattes for a couple of weeks and pay for it for the whole year.

 

Her success story was truly stunning; she had gone from living in a studio apartment in the poor part of town to buying her new dream home in one year because of the quality of the leads she had received from Myhomesearches.com. She was now the number one real estate agent in her company and the city. Her closing ratio to contacts had gone from under 20% to 95%. She know longer spent countless hours searching for leads, they came to her. She attributed her success to the exclusive marketing provided by Myhomesearches.com. Plus, the best part it, she had found her fiancé who was a the 3rd lead she had received from Myhomesearches.com, she sold his house and they shared an apartment until that day I found a happy real estate agent humming a familiar tune in a little coffee shop. The tune? Here’s part of a verse: “the sun will come up tomorrow, bet your bottom dollar…”

 

Getting a dream home, which meets the budget constraints, is what most people seek. However this is not easy and finding a spacious apartment, with lush green surroundings in a crowded city like Chennai, seems impossible.

However with sites like Invest in Nest the home of your dreams can be easily availed. At this site you can find thousands of properties, flats, apartments and other similar real estate in Chennai. Basically finding an ideal property in Chennai is a time consuming task.

Most of the realtors take time in showing you around the different flats and apartments, along with the plans for upcoming constructions. Apart from this the cost of the Chennai property goes up depending on the area or the location also.

These include areas like OMR, old Mahabalipurum, Medavakkam, Annanagar and many other areas. So you can easily fetch yourself some great property options, but often the realtors also charge their fees and commissions. This increases the total cost or the budget set aside for apartment hunting.

Modern and compact constructions, skyscrapers and emerging condominiums have altered the shape of the real estate industry. You can now find flats, apartments, penthouses, bungalows, etc. with ease.

The size of the property, the type of construction, the interiors of the apartment and other related factors are all taken care of by the constructors. Most of the times, a model home is displayed for the convenience of the home makers and you can alter the same also.

Modern amenities and facilities like swimming pools, gyms, parks, etc. are providing within the premises of the buildings. All properties with these kinds of amenities cost more, as compared to properties, which don’t provide the same.

Apart from this, one of the major factors for the rise of properties chennai and real estate development in the area is the rapid industrialization and commercialization. The metropolitan city has now become the head quarters for some of the biggest MNC’s in the country.

Those considering buying new homes are able to get loans, at easy installments, from banks and other financial institutions. This has made the entire concept of buying homes easier and given the industry more reasons to prosper. You can also find apartments online with the help of real estate websites.

Along with this the changing ideology of nuclear families and double income homes has resulted in added demands for apartments and homes. Thus the overall Chennai real estate scenario has witnessed rapid growth and the much required boom.

Passive Profits Bronze
Issue #1
Where to Start
A lot of new investors have tried to first invest in other types of commercial properties such as office buildings or shopping centers; only to realize that the transition is just too drastic and it ends up costing them the property, all their money leaving them deep in debt, destroying their credit and it takes years for them to recover.
Apartment buildings are tremendously easier to purchase, maintain & put on auto-pilot simply because most of us already understand how to rent an apartment and tenants are almost always readily available.
The buying process for other commercial properties (like shopping centers or office buildings) is not much different however the financing is much more difficult to obtain and leasing usually requires a team of very experienced individuals to negotiate contracts with business tenants.
If you’re a new investor with little or no cash to invest, you MUST first start out with apartment buildings. Once you own at least 2 properties with at least 50 units in each property (which should be more then enough to pay you over $10,000 a month in net passive income cash flow) you can then branch out to other areas of commercial real estate.
After you own a few apartment buildings and have those properties generating you enough monthly cash flow; THEN you can absorb any vacancies that might come from not being able to rent out space in your office building, warehouse or shopping center.
Apartments are where just about all successful commercial real estate investors started out, so why try and fight the odds. Apartments are the fastest, easiest and safest way to create monthly income and massive profits.
While it is technically possible to have your first deal be a warehouse, shopping center or office building… the statistics show that it almost never happens.
Most investors who first try to jump to other commercial properties before they own a couple of apartment buildings, inevitably fail and quit this business never to return…
That’s why I teach boot camps training seminars which focus on how to buy apartment buildings with no money at all. While I do teach about all types of commercial real estate, I focus on apartment buildings because the process with apartments is much faster and easier then it is with other types of commercial real estate.
If you want to succeed, your first commercial property must be an apartment building. This is the fastest and easiest way to create a steady stream of monthly Passive Income each and every month for the Rest of your Life!
Anthony Minnuto
www.passiveincomerealestate.comReal Estate Investing for Passive Income & Residual Cash Flow