Golden Rules of Relocation
3 Golden Rules which have been devised by Mr.Sandeep Sadh after having a vast experience in housing and relocating a lot of Senior Executives from Multinational and Foreign Companies and Expatriates.
When you are looking for a house you need to keep the most important factor, which are your kids and their schooling in mind. Since, you are relocating to a new city it is very imperative to get into a good school best suited around your residence. Sometimes, you may have adverse situations, which may be budget constraints or School admission problems or a dream house which you have chosen 15 miles in a different location.
Our suggestion to all parents in this regard is simple, tried, tested and proven that Kids are your priority and you need to centralize your life around them.
Wives cannot be ignored (excuse us wives, we are making your husbands understand the problems here), sometimes you may have to do what you do not want, wives need their comfort and space and especially in a New City or a New Country they need to be much taken care of and ensure they are in safe and comfortable surroundings.
Your apartment hunt after having the kids in mind should also keep in mind your wife’s requirement, like being close enough to Markets, Clubs, hospitals and other social obligations which may be required.
You as a Husband, are the head of the Family and it may be so that for you the sacrifice may be a bit more. In Mumbai, the most important thing is time and understanding the distances from home to office, you may be spending times from 1 hour onwards on a daily basis in your car. But with communications and technology being so advanced with Mobiles and Lap tops, you may find it a bit relaxing on your way to the office or back home and doing your work at ease.
Source – Sandeep Sadh
CEO Mumbai Property Exchange
The real estate sector continues to face a number of challenges, and this is the reason that analysts have rated as ‘above estimates’ the 1% net profit growth by Oberoi Realty, a Mumbai-focused builder. Another reason for this enthusiasm is the stable operating numbers. The company’s realisation increased by 8% on a quarter-overquarter basis, despite a 5% fall in volume during the same period. The occupancy rate at Oberoi Mall was stable at 95%, while the occupancy for Commerz also rose marginally to 83%.
Oberoi Realty also has a steady project pipeline in place. It has already received approvals for its Esquire project at Goregaon under the revised development control rules (DCR), and expects to start construction within a few weeks. The Oasis project in Worli has started and the same is expected to reach the 25% construction threshold in 2013-14 itself. However, the Mumbai commercial real estate market is still struggling with oversupply and, therefore, the demand for Commerz II is not as robust as it was for Commerz I. To mitigate the problem, Oberoi Realty is planning to convert some of its commercial projects to residential ones, and this should provide the much-needed visibility for the coming quarters.
The company is also considering foraying into other important markets. To begin with, it is planning to make an investment of 150 crore in the National Capital Region, and additional investments will be on the basis of its success. This implies that success on this front should act as a major trigger for the stock. The firm is still waiting for the environmental clearance for its Mulund project, and any news on that front can be another trigger. As of now, the strong execution history and high-end construction quality differentiate Oberoi Realty from other players. The low-cost land bank—since most of the land was acquired before the recent spiral in prices—is another positive factor for the stock. However, new land acquisition may be at a higher cost and this may dilute the cash holding and higher margins.
Given the strong cash flow and increasing earnings visibility, analysts feel the stock deserves a re-rating. While most real estate stocks have rallied in the recent past due to the expected cut in interest rates, Oberoi Realty underperformed because it is a debt-free company and, therefore, is unlikely to be a major beneficiary of the rate fall. Due to this, the gap between the company and other high debt peers has come down once again, thereby offering a good entry point.
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