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Real estate consulting firm offering services for real estate consulting-commercial property, residential property. we help you take best in property buying/selling decisions.

Antifragile - Are we. Nicholas Taleb in his book “Anti Fragile” writes about systems which can withstand shocks and emerge better after such shocks.

Antifragile - Are we

He, in fact, advocates that systems should be subjected to regular stress agents to improve their capabilities and robustness. Two very important developments happened in the Banking system in the Feb 2018. 1. The RBI decided to not allow banks to roll over NPAs by cosmetic changes in their books. 2. These schemes were nothing but machinations by the banks to keep rolling over bad assets on their books and keep fooling the shareholders. Challenging the intellect of the investors Now, this was a malaise which has essentially plagued the Indian Economy. The businesses usually used to OVER INVOICE purchases for setting up of plants, factories etc and then siphon off the funds to other avenues such as Capital markets, Real Estate, Offshore accounts etc.

Living in the mythical stereotyped Financial World. ARE YOU A SMART BUYER? Most of us, in our lifetime, are able to sell one or at max two skills and/or group of products.

ARE YOU A SMART BUYER?

Say most of us would either be a Doctor, Advocate, Engineer, Businessperson, Accountant etc and that is how we will earn our livelihood. Hence the vocation we pursue will allow the inflows in our balance sheet. Same would be true for businesses. On the other hand, rest everything we need to “Buy”. We get “Paid” for one skill or product and for everything else we need to pay. INVEST, strength by strength! REAL ESTATE COMMON BUYING ERRORS. CASE STUDY "NEW GURGAON MICRO MARKET" RERA IS NOT THE MAGIC PILL. ANTIFRAGILE – ARE WE? ARE TRUMP TOWERS TRUMPING ENOUGH? Guarding the Guards – when Government turns offender! WHEN GOVERNMENTS FAIL THEIR PEOPLE. Guarding the Guards – when Government turns offender! WHEN GOVERNMENTS FAIL THEIR PEOPLE. ANTIFRAGILE – ARE WE? ARE TRUMP TOWERS TRUMPING ENOUGH? Guarding the Guards – when Government turns offender! WHEN GOVERNMENTS FAIL THEIR PEOPLE. The Awakening – Financial Nirvana! HOW SAVING AND INVESTING REWIRES BRAIN. PRICE TRAP: AFTER THOUGHT CHARGES.

Olivegreenrealt. Did Haryana Government get it right. Signature Global: Sorted or Camouflaged. Real Estate- Blind investments or a Blind You? Wealthy & wise – you are in for a Surprise! Real Estate buyer & investors. Trap ALERT - Super Area. When people use ADJECTIVES, it means that they have run short of putting across their view point objectively.

Trap ALERT - Super Area

I am sure this term SUPER AREA too would have come in vogue when a great marketing brain of real estate industry would have coined it to present it positively in front of the buyer who would have been clueless about the extra cost being charged on the area he was not getting. Confused? Well, read on! Builders often resort to Price Traps. We addressed six such traps earlier, Today we discuss about another one – SUPER AREA. The recently notified RERA, Real Estate Regulatory Authority, bill brings about a very major transparent change in the way Real Estate has been sold hitherto in India. The developers introduced a term “Super Area” which was supposed to cover the carpet area, area under the walls, the common areas (staircases, corridors, club houses, parking, walkaways, entrance lobbies, lift shafts etc. etc.) etc. PRICE TRAP: INCREASE IN SUPER AREA. Golden Rules of Property Investments. Try not to get at excessively built up and indicated 'Best areas'.

Golden Rules of Property Investments

Updates areintended to move at your enthusiastic and optimistic strings to help make the deal. Generally, there are no good areas yet just great costs and great items. Buyfor a thorough understanding of Builder's funds - either through experts or by reading up information in the monetary dailies, industry journals, share rankings (if these are publicly recorded/real estate companies) and other data sources in public domain.

This will go far in ensuringwellbeing of your investments. Top Real Estate Advisory Firm in Gurugram, India. Top Real Estate Advisory Firm in Gurugram, India. Olive Green Realty. Olive Green Realty. Olive Green Realty — General guidelines for Real Estate Investments. Land Pooling Scheme- A Big Trap. Delhi is among the 10 most thickly populated cities in the world.

Land Pooling Scheme- A Big Trap

This makes lodging in the city a monumental test. Quality and reasonable lodging is a fantasy that usually goes unsatisfied. Dwarka, a moderately new residential project, has a cost of 70+ lakhs for a little DDA constructed 2 BHK flat – a major sum for an extremely essential quality small apartment. Envision a man out in the sun on the sunniest June day for 7 straight hours. Indeed, even his saliva has become scarce and all of a sudden a cordial looking fashionable man offers him a bottle of cold water. A purchaser experiences similar feelings as the man who had been out in the sun and has been offered a bottle of icy water.

Too bad this was a trap. I am happy to state that every one of the individuals who put their cash in the L Zone (or similar named scheme) in the land pooling plan of the Delhi Government were correspondingly trapped. Can Haryana’s new licensing policy boost its realty market? Olive Green Realty — Real Estate Titanic set to sink again in India. Price Trap Alert! It is a cat and mouse game.

Price Trap Alert!

Traps are being set by the developers to extract more from you yet giving ceaselessly almost no in value. We tended to three Price Traps prior, 1. The Big Brand Builders 2. 3. PRICE TRAP FIVE – THE VALUE TRAP – Olive Green Realty. Price Trap Three – Heavy Marketing Push – Olive Green Realty. Price Trap Two – LOCATION. – Olive Green Realty. The ‘BIG BRAND BUILDER’ Trap – Part 2 – Olive Green Realty. Price Trap One – ‘Big Brand’ Builders. – Olive Green Realty. Key to Profitable Investment in Real Estate. – Olive Green Realty. Don’t Time the market, Price the market. – Olive Green Realty. Rules of Thumb for Real Estate Investments – Olive Green Realty. REAL ESTATE TITANIC & WHY IT WILL SINK TOO, UNLESS… – Olive Green Realty. ‘No Home, No EMI’ – Safeguard a Buyer against dubious Builders – Olive Green Realty. ‘Affordable Housing Schemes’ – what they don’t tell you – Olive Green Realty. RERA Act 2017 Continued… – Olive Green Realty.

A society that protects the rights of its minorities is the one that truly prospers.

RERA Act 2017 Continued… – Olive Green Realty

The smallest minority in any society is the Individual. Formulation of contracts and enforcement of contracts is what keeps the economic life going and this in turns ensures that the society progresses towards better things. Now these are broad statements and the execution is extremely difficult and expensive. Therefore, enactment of RERA Act has been the first step in enfranchising and thereby empowering an individual buyer. I share my wish-list of a few additional clauses in the RERA Act that I would like to see included going forward. 1. 2. 3. 4. 5. 6. 7. 8. 9. Real Estate Regulatory Authority (RERA) Act 2017 – An Introduction – Olive Green Realty. LAND POOLING SCHEMES (L Zone, P Zone etc.) – Olive Green Realty. An Asset that can set you up for life. – Olive Green Realty. Safety before Growth – Olive Green Realty.

Secure Self First Before we start walking down the path of investments and growth, we should first secure our most important resource, ourselves.

Safety before Growth – Olive Green Realty

As a former army officer, I am big on safety. I would not enter a battle without being properly kitted and without being adequately protected. Similarly before investments and wealth creation, one should protect oneself with adequate insurance – life and health. I must put a disclaimer before moving ahead. Guidelines while buying Insurance 1. 2. 3. Absolute musts 1.

Are your ‘Investments’ making you poor? – Olive Green Realty. First Five Steps to Wealth Creation – Olive Green Realty. The Game Changer – Olive Green Realty. Personal Finances – What we usually do The approach to our personal finances is usually in the sequence illustrated above.

The Game Changer – Olive Green Realty

We spend from the money we earn. We then decide to save/invest from the residual income, if any. And after years of painfully slow accumulation, if our investments start giving us returns, we promptly reward ourselves with more purchases. Although our income grows as we gain more experience at our work, achieve seniority, improve our skills and our sphere of influence, it is often closely followed by an increase in our spending, but rarely by a proportional increase in our savings.

Parkinson’s law takes charge of our personal finances, where expenses expand to consume any increase in income. Decoding Spending – Olive Green Realty. I left you with an exercise in my last blog – to help you identify the two key frailties we humans suffer from in our spending behavior.

Decoding Spending – Olive Green Realty

One, Impulse Spending and two, Buying to Impress. And these eat into our ever elusive ‘investible surplus’. In the next blog we will be addressing this erroneous formula of Income-Spending-Saving, which usually is at the heart of our ‘savings’ problem. But for now, let’s focus on our human frailties, which are leaving us in this state of financial want. The Moment of Truth – Olive Green Realty. In this blog, I will take you through a quick exercise and then leave you with a small assignment at the end, which may well change the way you look at your finances.

Let’s get started Let us assume a salaried household with an income that would put it in the middle to upper-middle income bracket. Let us also assume that this household is financially healthy and leads a very balanced life. In other words, this household allocates its income correctly to meet its financial goals without being qualified as a ‘miser’ or ‘not living in the present’.

As a guiding principal, what is the ideal allocation of income being done by this financially prudent household? The seemingly simple concepts outlined in my blogs thus far – if implemented with all sincerity – are guaranteed to cause discomfort. Now, having measured and classified your expenses as outlined in the earlier two blogs, how does your classification measure up against this ideal yardstick? The ‘Ideal’ Gap. What after ‘Step One’? – Olive Green Realty. Good Health and Good Wealth have lot of parallels. Taking forward my analogy with food from blog 1, we can classify all our expenses under four broad heads, each corresponding to a class of nutrients: 1. Regular Expenses = Carbohydrates 2. Capital Expenses = Fats 3. Savings, Investments and Protection = Proteins 4. Let me explain. Regular Expenses are all running expenses to maintain a household, such as provisions, utilities, school fee, taxes etc. Step One – What is measured, can be managed – Olive Green Realty. The Vigneshwara Developers – Olive Green Realty.

M3M Golf Estate – Olive Green Realty. One of the largest and most reputed (I would prefer the word ‘known’) developer, DLF, changed the perception and positioning of Apartments to ‘luxury residential living’ with its projects ‘Aralias’ and ‘Magnolias’ along the Golf Course Road in Gurugram. It is also to DLF’s credit that they developed a world-class Golf Course at the location. Riding high on their success came an imitator, a hitherto unknown M3M and launched its project M3M Golf Estate. The project’s launch party was the talk of town with flowing single malts and gyrating belly dancers (especially flown in from the Middle East).

ERA (renamed ADEL) Landmarks – Olive Green Realty. Central Park Resorts, Gurugram – Olive Green Realty. Godrej Frontier, Gurgaon – Olive Green Realty. • Almost on time delivery • Tolerable customer experience • Acceptable build quality • Appreciation has not been as expected • Finishing leaves room for improvement • Godrej could have been more open in information sharing with the buyers • The Carpet area to Super area ratio (‘Loading’ or ‘Efficiency’ in industry Jargon) could have been better • With a financially sound and process oriented builder like Godrej, deliveries are made to buyers without much inconvenience • However, a trade-off for investors buying into projects from such Ivy League or A-Lister developers is that they get charged a premium for the brand name, which drives down the potential to earn higher returns. For example, a similar project by a relatively unknown developer could have been purchased for INR 2,800-3,000 per sq ft (and with lower side additional charges), increasing the earning potential for an investor.

Olive Green Realty – : Honesty : Transparency : Thoroughness.