What to Expect When Visiting Wholesale Flooring Showrooms

When looking for flooring, you might want to visit a wholesale flooring showroom. This is because it becomes easier and cheaper to visit a wholesale showroom, rather than visit individual outlets. Separate stores may have limited options and will not be able to provide you with choices. A wholesale showroom, however, would have a wider range of options for you to be able to choose from. Wholesale flooring showrooms are built like traditional showrooms – with large spaces that can stage different types of flooring. These floor types are laid…

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Three Ways a Loan Can Make Your Roof Replacement More Affordable

Owning a home can be a great investment, but that doesn’t mean it won’t cost you money. Unlike an apartment where the cost of repairs is factored into your monthly rent, you could be stuck with a huge repair bill if something goes wrong with your home. That’s the situation many homeowners face when it’s time for a roof replacement. Fortunately, you don’t have to turn to your savings account or put off that important repair because you don’t have the money. Roof financing can make your roof replacement more…

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Understanding the Correlation Between Mortgage Rates and Home Sale Numbers

A mortgage can be defined as a loan that is taken out from a bank, while using your own home as collateral. This means that if you are unable to pay your loan in time, the bank has the right to repossess your house in order to get the money back. Mortgage rates, therefore, refer to the interest rates of mortgage loans at that specific time period. Mortgage rates can fluctuate with the market, and are influenced by a variety of factors. Home sales numbers do seem like they are…

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Manhattan real estate breaks new price records

Reports of the demise of luxury real estate in Manhattan may have been greatly exaggerated — or perhaps just early. Manhattan real estate prices set a new record during the first quarter, with the average price of an apartment topping $2 million for the first time in history, according to a report from Douglas Elliman and Miller Samuel Real Estate Appraisers & Consultants. The average price per square foot also set a new record, hitting $1,713. Granted, sales have slowed. Though the total number of sales, 2,877, grew 8 percent…

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Housing Project Launch Prices Drop up to 20% in 3 Metro Cities

Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield. Metropolitan cities of Delhi-NCR, Mumbai and Bengaluru recorded a drop in launch prices in high development activity markets of these cities, the C&W report said. As per the study, new residential projects in select micro markets are cheaper by 4-20 per cent on average weighted basic sale price over the last two years. The report tracks the…

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Delhi-NCR New Home Launches Down 14% in 2015: Property Consultant

New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield. The launches of new homes fell from 26,802 units in 2014 to 22,979 flats in 2015, the property consultant said in its report. Half of the total new launches in 2015 were in the mid segment at about 12,400 units. About 79 per cent of the units were launched in the locations of Dwarka Expressway, New…

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Hyderabad Beats Realty Slowdown as Housing Sales Rise 67%: JLL India

New Delhi: Housing sales in Hyderabad rose 67 per cent to 7,000 units during the period between October 2014 and September 2015 on improved demand from both end-users and investors after formation of Telangana, says a report by property consultant JLL India. Housing sales stood at 7,000 units during the fourth quarter of 2014 to the third quarter of 2015 as against 4,200 units in the year-ago period, JLL India said. “After creation of new Telangana state and Hyderabad’s status as joint capital, the end-users demand as well as investors sentiment has improved, resulting in an increase…

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Tata Housing May Tie Up With Amazon for Online Property Sale

New Delhi: Realty major Tata Housing is in talks with online marketplace Amazon India for marketing of its properties, according to sources. Tata Housing, the real estate arm of the Tata group, sold over 2,000 apartments through online platform in the last two years. Tata Housing is in talks with Amazon India to sell its portfolio of premium and luxury properties across eight cities, they said. The company spokesperson declined to comment. The Mumbai-based developer started selling flats online from December 2013 through Google’s ‘Great Online Shopping Festival’. It had…

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Oberoi Realty Sells 645 Housing Units in Q3 for Rs. 1,775 Crore

New Delhi: Oberoi Realty sold 645 housing units for about Rs.1,775 crore in the third quarter of this fiscal year, largely in its newly-launched residential project at Borivali in Mumbai. The Mumbai-based developer sold 645 units, covering nearly 10.24 lakh square feet, for Rs. 1,774.39 crore, according to an analyst presentation. Of the total sales bookings achieved in the quarter ended December, Oberoi Realty sold 619 units in newly-launched project Sky City for Rs. 1,567.15 crore. The company said it launched three towers on October 30, 2015. “619 units booked,…

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