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March 28, 2008

Latest Canadian Property Developments Have Soul Appeal

Filed under: Real estate news and opinion — Kathryn Collins @ 8:21 am

If you’re tired of cookie-cutter neighborhoods, long commutes to work, and stress everywhere in between, you are not alone. More and more, Canadians are seeking more innovative, rejuvenating alternatives to suit their always-on-the-go lifestyles.

Property buyers search for stress-free homes

It used to be that “home” was synonymous with “relaxation.” However, as residential communities get further and further away from city cores, the long drive to and from the office can be extremely aggravating. Many new houses these days are also crammed to compensate for the massive growth that is occurring in many Canadian cities, and their floor plans are often less than original.

Dissatisfaction among buyers over their choices of living spaces has caused some Canadian property builders to rethink their development strategies. Rather than simply putting up dozens of the same old houses, they are designing entire neighborhoods to meet the needs of Canadians who would prefer a more serene and more satisfying place to call home.

Property developers help Canadians find balance

Rather than living in one place and working miles and miles away from there, the latest trend in property development is incorporating the main elements of a balanced life - work and play - into one neighborhood. The result is appealing: houses have interesting layouts to suit a variety of buyer lifestyles and work opportunities are close by, eliminating the need to for harrowing, disgruntling commutes.

In addition, there are often many different entertainment activities right in the development, from restaurants, bars, and theaters to hiking trails, parks, and golf courses. Some of these communities even host special events for their residents, such as cooking classes, language seminars, and movie nights.

Rockyview, Alberta welcomes Harmony

Close both to the stunning Rocky Mountains and the bustling city of Calgary, there is a new development going up by Bordeaux Developments in Rockview, Alberta that is all about helping people attain the “Zen lifestyle” that is currently so sought after. This new property development is called “Harmony,” and the name truly reflects what the development aims to achieve: a balanced combination of life, work, and play that satisfies the soul. The community of Harmony stretches out over 1700 acres and provides ample opportunity to live, relax, and earn a living.

Neighborhoods like Harmony offer a holistic way of life that many Canadians are finding a welcome change from the frantic pace of their former routines. As life gets more stressful, it’s only natural that the demand for a better living solution increases.

Property developers are doing their best to meet the needs of buyers by providing a healthier, well-rounded, and more relaxed lifestyle. In these new neighborhoods, it’s all about balance.

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Rudrapur - Indian Real Estate's Little Secret

Filed under: Real estate news and opinion — Swati Saxena @ 8:07 am

Rudrapur is a picture postcard town in India, surrounded by beautiful hills, lush greenery and picturesque mountains. This sleepy little town was best known as the “Gateway to Kumaon Hills.”

But recently, Rudrapur is making waves as an exciting property destination, with many upcoming commercial and residential projects.

Where is Rudrapur?

This charming town is in the Udham Singh Nagar District in the state of Uttranchal in India. It is a small place - and many Indians would not be able to correctly pinpoint its exact location.

However, real estate experts are of the opinion that Rudrapur is all set to give a tough competition to the established property market in nearby Gurgaon. The great thing about Rudrapur is that the property prices are still to peak, so you can easily expect 25 to 40 percent price escalations in the next 1 to 2 years.

What makes Rudrapur a good place for property investment?

Rudrapur stands out as a good city for property investment because of its excellent infrastructure, which is otherwise a problem in some other cities in India. Both water and electricity are available in abundance in Rudrapur, and the government has planned 10 more power projects to ensure a steady electricity supply for years to come.

The state government is also actively promoting property development in Rudrapur. It has declared Rudrapur as a non-tariff area for central excise, custom and sales tax duties for 10 years.

The considerable savings in taxes makes Rudrapur an attractive destination for big corporations and businesses. Established multinationals and Indian companies like Nestle, Tata, Britannia, Dabur, Honda, Bajaj, Parle, Jindal, Mahindra & Mahindra and Voltas are expected to invest over Rs 30000 Crore (approximately 6200 million USD) in the region.

Business growth in turn has a positive effect on real estate development. Rohtas Goel, managing director of Omaxe Construction Limited, a leading property developer in India, says, “The tax breaks have facilitated the overall economic development of Rudrapur. It has attracted several corporates to open their offices, eventually triggering a rise in demand for housing and commercial complexes.”

Rudrapur real estate projects

Some big national and international property developers who have projects in Rudrapur include the Omaxe Group, Sherya Developwell, Samiah International Builders, and Weltech Builders. The Samiah Group is developing an ambitious project called NRI Lake City, a high-end residential complex. Omaxe Riviera is another upcoming residential project by the prestigious Omaxe Group.

Things to remember before buying a property in Rudrapur

Rudrapur has many projects where you can take your pick from residential single unit houses, villas, penthouses and plots. Before actually purchasing the property, do a thorough research on the credibility of the builder and the finer points of the real estate project.

If you are planning to stay in the property you purchase, or even for best resale potential, choose projects that provide services like a reverse osmosis filtration system, power backup, sound infrastructure, clubhouses, and other recreational facilities.

A good quality project developed by a reputed builder will go a long way towards generating above-average returns on your real estate investment in Rudrapur.

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