EazyProp

Chennai has grown exponentially in recent decades. It attracts an endless sea of people who keep moving in to the city, primarily for career and educational prospects. Employment, education, opportunities and lifestyle are magnets that keep pulling people into Chennai from all directions of the country. This naturally has a profound impact on the demand for rental housing in the city. High Levels of migration: Massive churn in urban area has turned out to be an intrinsic part of life for most of the city’s residents today. The total migrants into the urban areas of Tamil Nadu, as per 2011 census, accounts to 12.3 million – of this around 47% have duration of residence between 0-9 years. Thus, a fair portion of citizens in Chennai are tenants who do not necessarily want to buy a flat to live in the city. Better quality of living: Rental housing allows residents to opt for a higher standard of living than their property purchasing power. A new apartment in the CBD of Chennai would cost a...

It is no secret that real estate is all about buying, selling and renting out. Today renting out the real estate brings more income than its sale. Real Estate as an investment is always an integral part of an investor’s portfolio, especially the benefits of owing rental properties are as vast as your goals and desires. A majority of demand for homes in India is in the affordable segment. There is a huge unsold inventory that it would take at least five years in the NCR and three years in other cities to sell them off. Thus return comes in two ways, capital gains from the appreciation in the home prices or rental income. In India, the cities which currently offer a higher rental yield are Mumbai, Pune, NCR-Delhi, Bengaluru, Kolkata, Chennai, Hyderabad, Ahmedabad. All these cities offer a rental yield of 2 per cent and above, and you can be assured that the average is not going down anytime soon. Investing in these cities will offer maximum returns on investment in properties bought for ...

Buying a home is a dream for every individual. However, few consider renting a home instead of owning, as it either goes out of budget or not finding the right home. Both owning and renting has equal advantages and disadvantages. Although you are flexible with rented homes, you are again committed to certain rules and regulations set by the property owner before you are given the key. Here follows a few interesting facts to help you analyze, which could be the better choice: To own or to rent: What Favors owning a Home? With the decrease in the mortgage balance, equity increases The value of your home increases over the years and although the increase rate may become slower at some point, you will definitely get an increased value You are free to remodel and renovate your home however you desire You get the tax advantages in addition to the ownership of the home You may not need to keep shifting or find another home What Favors Renting a Home? You will be paying a fixed cost in terms o...

Are you having trouble renting your property for a while? Have another look around to see whether you are taking something for granted but it cannot escape the notice of others. If need be, you can even take one of your friends on a tour and ask them to point it out for you. Here are the top places that usually hide the issues and top things you can do to amend them. Seal it properly Does the house look a little bit drafty? Work on that, replace or repair and refinish the windows and shutters. Replace your front door as it has to look warm and inviting, but at the same time very firm and safe. This particularly refers to those of you who are renting an apartment. The property should not have a personal mark, as in respecting the fact that you are advertising to the general public, however, feel free to put some seasonal decorations on the porch at the entrance to the home. Look for general seasonal garden art as anything with religious connotation may be offensive to some. Refresh the...

The crisis of COVID-19 significantly affected both the business and the real estate market. And the main question facing “micro” and “middle” investors is which is more profitable: commercial or residential real estate. The answer to it will not be unambiguous. Residential real estate is clearly segmented: primary and secondary markets, apartments, luxury apartments, houses and cottages, economy, business and premium classes. Segmented and commercial real estate: Offices Retail Warehouses Hotels Narrow-profile buildings: cafes, restaurants, banks, etc. Therefore, to decide whether to buy commercial real estate, you need to decide: will it be an investment in your own business or a rental income? Business premises It is logical that the person who acquires the premises for the business is able to calculate their income and expenses. But in practice, many representatives of small businesses (especially in the retail sector) do not always calculate whether their store will make a profit i...

Now that many of us have spent several weeks living inside, we’ve become quite familiar with our homes — in some cases, maybe too familiar. If you were planning to move before COVID-19, and still plan to do so when the timing is right, you might want to take this time to reflect on what’s working and what’s not in your current home. For instance, those stairs you’ve climbed 10 times a day may have kept you moving while you’ve stayed home, but maybe you’d like stair-free living in your next home. Or perhaps the yard you thought you could do without has now become a must-have. We’ve come up with a list of questions to help you pinpoint what you like and don’t like about your current home so you can find more comfort and pleasure in your next one. What’s working for you — and what’s not?   On a scale of 1-10, how do you like your current home?   What’s your home’s best quality?   And its worst quality?   Do you like the style of your home? If not, is there an architectu...