EasyRenting Introduces Verified Listing of Property

EasyRenting,  an online rental property services company, has now come up with a unique feature to guide those hunting for rental accommodation find their perfect choice. 

With verified listing of property module, it is easier and more secure to rent an apartment, flat or house in Delhi, Noida, Bangalore and other major cities across India. 

For students or working professionals who require rented apartments, houses or flats in major cities across India, online search offers a better option. In an ideal property renting site, one can find the exact location of the property with transport facilities along with price listing of each property. EasyRenting possesses all these features and offers convenient search for prospective tenants and they are currently offering the extra advantage of verified listing.

With the launch of verified listing service, EasyRenting has added a new dimension to the concept of online search for rental property in a preferred location. Now, their team goes to the exact location, conducts a video shoot of the property and then the video is uploaded on their site. This helps the prospective tenant conveniently get a clear view of any property before taking any decision.

It has been seen that listing with good images gets a greater number of bookings. It is indeed great when a house owner can offer a virtual tour of his apartment house or flat which he is letting out on rent. 

Vibha Sridhar, CEO of EasyRenting confirms, “When a potential guest can virtually see and get a feel of the property, it builds faith and arouses greater interest. So, house owners who intend to let out their property for rent in major cities across India can get an edge with space listings that incorporate clear videos. We are sure that this service will benefit property owners as well as seekers who intend to rent apartments, houses or flats across India.”

Tenants always look out for convenience, comfort and security when they rent an apartment.

EasyRenting makes it easy to search for a property by impressive and verified listings that create a win-win situation for the tenant and the property owner. 

To begin with, the website gives assistance to landlords and tenants who look to rent a house in Delhi, Gurgaon or Noida.

About EasyRenting

EasyRenting is an online rental property services company offering students and professionals with genuine property listings at the click of a mouse. They help property owners effectively list their properties. Tenants conveniently search for a property in their desired location across Delhi- NCR through EasyRenting.

Lebua Hotels plan four luxury properties in India

New Delhi: Thailand-based luxury hotel chain Lebua Hotels and Resorts in on expansion mode in India with four luxury properties in biggest cities in the next two years for an investment of about Rs.2,000 crore.

Speaking to reporters Deepak Ohri, chief executive, Lebua Hotels, said, “Since we have started the management of three properties in Rajasthan, we expect a strong bottom line that will help the company grow in the country.”

The company has three properties operational in Rajasthan with a total room inventory of 140. The four properties planned for Delhi, Mumbai, Bangalore and Goa will take Lebua’s total number of rooms to 1,500, Ohri said. The expected investment per room is around Rs.2 crore. Of the four properties, three are new projects.

Lebua has six luxury properties in three countries—Thailand, New Zealand and India.

The company plans an air charter service under the Lebua brand in the next three months in all three countries. To begin with, the hotel operator is looking at three chartered planes.

“We will start Lebua Air in the next 90 days which will cater to all our properties across the three countries,” said Ohri. Industry analysts said small foreign hospitality companies may face hurdles in the short term.

“Currently, the industry is facing a liquidity crunch that may force many developers to stick with their core business area of real estate, so we may see more of these deals falling through, but it will be a short-term scenario,” said Chintan Patel, director, real estate and hospitality services, Ernst and Young.

Bangalore, Mumbai, Delhi real estate rankings drop

Mumbai:  Bangalore, Mumbai and Delhi, which are the top three realty markets in the country, have sharply slipped to 19th, 20th and 21st positions respectively in the list of 22 investment destinations in the Asia Pacific region, the survey 'Emerging trends in real estate 2013' by the Urban Land Institute and PricewaterhouseCoopers (PwC) said. 

In 2012, these three cities were placed at the 10th, 15th and 12th position respectively in this study.  The report is based on responses from more than 400 people including real estate developers, investors and brokers. The PwC list has been topped by Jakarta, Shanghai, Singapore, Sydney and Kuala Lumpur,  a media report said.

"The uncertainties in the real estate market is holding back international investors from investing in the country as they were doing in the last few years. Given the current scenario, where there is little or no clarity on policies, foreign investors will continue to adopt a cautious approach," PwC India executive director Gautam Mehra told reproters while releasing the report here. 

According to the survey, Bangalore is perceived to be a mature market and has demonstrated fairly stable prices and reasonable absorption trends. 

However, the report notes that the Southern metro's over-reliance on the sluggish global IT industry translates into low growth potential in the medium term. 

The financial capital Mumbai is plagued with over- supply across asset classes, resulting in record levels of vacancy and stagnant yields, it says. 

The report, however, has cast a positive light on Delhi and the surrounding NCR area in view of the expected master development plans for Delhi, Gurgaon and Noida, indicating a flight of capital from the Western and Southern regions to the North in the medium-term. 

However, the report paints a rosy picture going forward. It says despite various issues plaguing the sector, there is hope ahead especially after the recent decision to permit foreign investment in multi-brand retail, Mehra said. 

"The favourable demographics and inherent but latent demand continue to be redeeming factors. Several micro-markets continue to provide suitable investment opportunities for investors and end-users alike," a Financial Express report quoting him as saying. 

"While the domestic realty sector may currently be grappling with certain socio-political and economic issues, particularly rising inflation and interest rates, uncertainty on fiscal policies, and subdued interest from opportunistic investors, there appears to be light on the horizon," he says. 

"One area that is yet to be developed is the real estate investment trust (REIT) regulation, which can provide an additional exit route for investors and enable retail money to be channelised into the sector through a regulated network," Mehra concludes.

Invest in real estate to secure your old age

For Indians  investing in immovable assets like land and buildings have always been a practice to safe guard their gray years. Even the west is reeling under real estate meltdown, India looks pretty much in comfortable position and in fact, places like Mumbai, Chennai, Bangalore, Delhi and Chaidgarh, are growing at rapid speed. 

Three factors that support real estate as a retirement savings option are: India's housing shortage, favourable demographics and a tax regime that favours borrowing to buy a house. While this is clearly not an option for a large section of the population because of steep realty prices, it is viable for those with enough savings and good cash flows. A sharp correction in property prices in late '90s and immediately after the Lehman Brothers crisis in 2008 may have raised doubts in the minds of some, but financial planners continue to support real estate as a retirement tool. With an entry barrier for a two-bedroom apartment within the Mumbai city limits nudging Rs 1 crore, this is clearly not an option for all. 
But given that there is a sizeable population with high disposable incomes and tax liabilities, real estate makes an interesting proposition. "For those who don't yet own a home, buying a house has to be a top priority. But even for homeowners in a high tax bracket, there are a number of factors such as tax savings, capital appreciation and cash flow that would tempt them to definitely look at a second home," says Pankaj Mathpal, a certified financial planner.

This may seem as surprising advice, considering that in the West houses are depreciating as soon as they are built. But there is a marked difference between the West and India. In the US, the average members in a household are 2.6. In India, although numbers are not available, there is a shortage of 21 million housing units. According to a report by Credit Suisse, Indians will continue to migrate to cities and 50% of the country will be urbanized by 2044.

According to Brigitte Miska, head of international pensions with German insurer Allianz, who has done a study on the preparedness of various countries to look after retired citizens, real estate has its risks. "The elderly live in small cities and villages while the young move to larger cities. As a result demand for houses in smaller cities shrinks. We are already seeing that in the West," she said. Miska points out that demand for houses come largely from young couples, reports Times of India.

"If you have a second house in which you do not live in the notional rent that you could earn from is taxable. What most people do is to take a housing loan and rent out the place," says Arnav Pandya, a certified financial planner. He points out that the advantage of taking a home loan on a second home is that there is no limit on the interest expenditure that can be set off against income from the flat. "If the borrower is earning a rent income and simultaneously paying interest on a home loan, the rental income can be set off against the interest expenditure," he says.