Friday, October 22, 2010
Second Homes as an ideal Investment Option
Some things are too good to be true, they say. If possible why not? Why is it too much to ask for to have the cake and eat it too? I am told that you can either be married or be happy! Likewise you can either have a second home or an investment! The later is as true as the former, depends on ones point of view I guess.
As business can be mixed with pleasure, buying a second home can make investment sense if certain basic tenets of investing are followed and tailored to suit second homes. The basics of investment tell us that an investment should have the potential to grow in value. This potential comes out of the future prospects of the investment and its ability to change hands by attracting buyers at future prices or future valuations. It must hold the promise of growing in value over a period of time and be liquid enough to be able to convert to cash when one desires to do so. To make this happen a second home property must fit the following criteria;
- The area where a second home is located should show promise of development in the near future
- There should be good development in the second home scheme itself
- The property should be very well maintained in order for it to be able to attract attention of prospective future buyers
- The project should have good amenities and conveniences which can attract the interest of the buyer and make the investment worthwhile. Special emphasis is laid on recreational amenities, health related amenities and lifestyle.
- An attraction like a popular restaurant, spa, picnic spot, resort etc being part of the project is an ideal scenario. These attractions ensure foot falls in the project from outsiders, make businesses in the project viable and ensures that a resale market is created as there will be demand for properties for sure.
- The presence of such attractions also ensures that the second home project is well maintained, kept clean and attractive.
- This ensures that a resale market is created which ensures liquidity which makes the investment very lucrative and dynamic in ones portfolio.
The value addition in typical second home projects is very high, hence an investment made in vary early stages of a second home project can have a phenomenal appreciation by the time the project comes to the end and later on as the attractions start kicking in the appreciation in investment improves many more fold.
Companies like Disha Direct believe in making second homes a lucrative investment option by ;
- Choosing destinations that hold promise in the near future
- Projects that are very well developed
- Products are reasonably priced at all times to ensure that the investor benefits in the medium to long run.
- Development of attractions like Resort, Club & Spa are popularized, professionally run and attract a lot of foot fall in the project
- This ensures that the project is not dead, always alive and bustling
- Project is well maintained in the interest of the attractions and the surplus from the attractions in addition to the maintenance charges are well spent to further a common goal.
Case in point being Talegaon, here the value of land and constructed property showed a 400% increase in 4 years time (2004-2008). The development at Talegaon ensured that this was possible and Disha Directs foresight which promoted Talegaon as a destination paid off for the investors. Likewise opportunities at Kasara, Wada, Karjat and other such destinations have returned more than 300% returns over the years.
Mr. Sameer Dange an investor at Talegaon regrets that he should have increased his value for investment as the phenomenal returns that he has enjoyed was unbelievable. Likewise Mrs.Shinde an investor in Wada has seen her investment grow from Rs.100/- per sq.ft. of land to Rs.350/- per sq.ft. over 3 years. Both these investors have an opportunity to for resale thus giving them the chance to cash their investments.
So if one is looking for a second home as an investment option , look for names of repute who are developing the project, ensure that the project will be professionally maintained once its completed, an attraction which will draw people to it regularly is a must as it creates liquidity for future sale and lastly the area in which the project is located should hold the promise of development in the near future or should be ideally located for the specific attraction which otherwise cannot be located elsewhere. Second Homes can certainly be looked at as an option to diversify ones investment portfolio.
www.dishadirect.in
Monday, October 18, 2010
Dream Homes for Mumbaikars Translating dreams of a 2nd home into reality.
The lifeline of Mumbai is powered by dreams. As the city stands on the threshold of reinventing itself, there is an escalation witnessed in demand for more space, more freedom and more life! Every Mumbaikar who is keen to refresh lifestyle and is poised to begin a new life envisions doing so in a Second Home. An epitome of aspirations and imaginations, Second Homes are a realisation of dreams that a home seeker foresees while striving countless hours to shift into a new abode.
Located at coveted destinations, Second Homes occupy a very special place in hearts and have an emotional connect. For the past six years, Disha Direct has been exactly doing that. Connecting with the innermost emotions nurtured for a dream home, Disha Direct is moving ahead creating A Home for Every Dream & delivering
Real Promises, Real Properties. Celebrating 5000 smiles of happy families, Disha Direct today offers services across the entire spectrum of real estate.
Real Promises, Real Properties. Celebrating 5000 smiles of happy families, Disha Direct today offers services across the entire spectrum of real estate.
Mumbai has started dreaming of a 2nd home. Two destinations where these dreams can be realised are Talegaon and Shirol near Kasara. The former is a destination that inspires to unwind and rejuvenates senses. The later is a flourishing hill station where infinite hours of holidaying moments can be enjoyed with an open heart.
Riverdale; located at Talegaon on the banks of Indrayani River is an ideal getaway as well as a picturesque location. Talegaon is also renowned for best weather yearlong. Complemented by the scenic view of Sahyadri ranges, the project shares neighbourhood with Asia’s Largest Floriculture Park
If Talegaon is inviting, Shirol near Kasara is appealing. Located here is Landmarc Hills; a project of N. A. Plots to go footloose and build a dream home in future. Perched on an unblemished hilltop & spread across 70 acres of quaint expanse; Landmarc Hills is equipped with contemporary amenities to ensure maximum comfort and a pleasant stay in future. Facilitated with a Club House, beautified with a landscaped garden, it weaves a ‘feel good’ experience for lifetime. Presently plots at Landmarc Hills are being made available at considerable & realistic prices. Also available is an exclusive 12 monthly instalment offer to own a dream plot sans all hassles.
Shirol is the place, Landmarc Hills is evolving at. Shirol is located 3 kms off the Mumbai-Nashik route, 100 kms from Mumbai. Strategically located and easily accessible by railways, its mesmerising beauty remains unexplored. Bettering its prospects is the ongoing work to convert existing Mumbai-Nashik road route into a highway with four lanes. Dotted with miles and miles of greenery, Shirol is a flourishing hill station with pleasant climate, mountains, valley and more. At an altitude of 1000 feet above sea level, it presents a picturesque view of the Sahyadri ranges. A real treat to your senses, Shirol’s divinity comes alive during monsoons and the ‘feel good’ experience stays alive throughout the year. An inviting hill station, Shirol is the next best place to feel good and enliven every moment.
Mumbai dreams of a Second Home and Disha Direct has a home for every dream. Explore innumerable possibilities on www.dishadirect.in or call +91-22-25817900 & 9967604842.
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