RBI Eases Realty Exposure Norms For Lending TO Sezs
December 1st, 2009 by adminThe Reserve Bank of India (RBI) has made it easier for banks to lend to special economic zones (SEZ). Several types of advances to projects in these zones have now been excluded from the definition of commercial real estate loans.
In a circular in 2006, the RBI had classified SEZs as commercial real estate, making it difficult for companies involved in these projects to raise funds. Real estate loans are considered risky and categorised as part of exposure to sensitive sectors, which also include capital markets and commodities. There are also restrictions on foreign investment in real estate.
LB Singhal, director general, Export Promotion Council for EoUs and SEZs told ET: “We had taken up this issue with the ministries of finance and commerce. The matter was put before the empowered group of ministers headed by finance minister Pranab Mukherjee, which had decided that SEZs should be treated as infrastructure.” He added that with the RBI’s clarification, loans to those developing, operating and maintaining SEZs, as well as setting up or acquiring units in SEZs will be part of infrastructure lending. “This would enable domestic institutions and banks to make funds available to SEZs on the terms and conditions applicable for infrastructure lending,” he added.
In the circular issued on Wednesday, RBI has sought to define a commercial real estate loan as one where the funds are used to acquire real estate and the repayment of loans is out of proceeds of sale or rentals from the property. Bearing these conditions in mind, RBI has sought to differentiate between loans which could be classified as commercial real estate exposures (CREs) and those which were not. RBI said there are projects where there are arrangements to insulate the lease rentals from volatility in the real estate prices. This is done by inking long-term lease agreements that outlive the loan agreement and need not be treated as CREs.
Courtesy:- ET dt:- 10-09-2009
Real Estate Photography- Ultimate Exposure to Earn Profits From Your Property Firm
October 14th, 2009 by adminReal estate photography is a new, exclusive initiative to promote international property business to inspire by the theme Development, Nature and Architecture. Real estate photography leads to increased competition in the photographic market. Most of time people would likely visit their property for sale because of the attractive images.
Tips of good real estate photography
- A good source of light.
- Wide angle lenses make real estate photos appear spacious, inspirational and motivational
- Digital formats cut down on printing and developing expenditures and makes photos available immediately.
- Same images should be available in different sizes so that according to the specifications you can provide it.
- take a shot of every part of house for sale including living room, kitchen, dining room, and other parts of the house.
- highlight the best features of your house.
- clean the entire house before taking its photos.
- hire a professional real estate photographer.
Real estate photography is of following kinds:
- Standard real estate photography,
- Elevated pole real estate photography,
- Exterior twilight real estate photography,
- Interior real estate photography services,
- Real estate photography for builders and architects.
Real estate firms have totally booming nowadays. If you are a property agent, you have probably faced a lot of competitions. Over few older years, when all you require is a well written advertisement to sell a real estate. Currently in order to fully publish your listings, you need to attach a good real estate photographs. With the emergence of digital cameras, the realestate that you are selling can be photographed and placed online. Potential purchasers from different parts of the world can actually see your listings with the images in it. Don?t underestimate the value of these photographs because a purchaser can definitely decide to check out the real estate based on the pictures that you have.
Real estate photography makes the property images impressive. If you have a house which looks unattractive and you want to sell that but because of appearance no good investor wants to buy it. Through the technique of real estate photography you can make your house to appear better and most of the investors search online for real estate images to buy it. Based on recent estimations, the number of individual searching home for sale online has increased. Almost half of these property seekers found their dream property instantly online through the help of real estate photography. An image is worth a thousand words. Especially when your words may be limited by the Multiple Listing Service use real estate photography techniques to express your quality difference in properties.
