Nehru Places Location Profile

Nehru Place is one the most active commercial markets of South Delhi. It is also considered to be a major hub of the Information Technology industry. This place has been named after the first Prime Minister of India, Pt Jawahar Lal Nehru. The main commercial district of Nehru Place was built in the eighties, and it comprised of several 4-floor buildings, that flank a large pedestrian courtyard, built over an underground parking. Although this is area is not well-maintained, most of the original structures here are still in use.

Nehru Place is also very famous for things related to technology like computer and all new kinds of equipments. In fact, each and every part of computer both software and hardware are available here in all kinds of price ranges.

No wonder this place is widely regarded the center for small-scale IT services. It is a hub for all forms of It hardware, such as personal computers, servers, networking equipment, software, documentation services, and allied services.

Commercial realty market of Nehru Place
Commercial realty market of Nehru Place is undoubtedly one of the most sought-after markets of Delhi. This place has several offices which have been working since very long. You will not only find retail shops for computers, clothes, electronic goods, spare parts etc but also banks, a cinema, and all other kind of offices and property in Nehru Place. It is often considered as a computer enthusiasts shopping area. Besides that it is also a hub of firms that deal exclusively in used and secondhand computer hardware, as well as small, one-room shops that sell software titles. The best thing about Nehru Place is the pervading informal atmosphere, like a flea market or a bazaar that deals in high-technology products.

One also hears from a lot of people that their office is located at Nehru Place. Another reason for the same could be the strong transport system that connects it to other parts of Delhi. Lot of Chartered buses commute to and fro from Nehru Place to other parts of Delhi. In fact, of late one can see a tremendous increase in the number of business executives traveling on work to Nehru Place. To tap the potential of these business travelers, two well-known luxury hotels have come up in the area – The Park Royal InterContinental and Crowne Plaza Surya. Besides that, Nehru Place is also home to a number of hotels in the medium budget range. It also houses paying guest and service apartments. Other interesting things about Nehru Place is that it is dotted with small eateries that cater to the office going crowd, apart from the number of street food shops/vendors which are remain very popular with the executives.

As far as geographical terms are concerned, this place boasts of a sprawling shopping arcade with a massive bus terminal, plying buses to almost every part of the city and outside it. In addition, its location is pretty close to most of the railway stations in Delhi, chief amongst them being the Nizamuddin Station which is just a 30 minutes drive away, and about a one hour drive from the main New Delhi Railway Station. The New Delhi airport is also not very far from the place and would be about a 45 minutes drive, making it easily accessible from all major corners and centers of Delhi.
The residential market of this place does not have much to offer. This place is mainly known and is famous for its commercial realty. So, all those looking for a commercial property in Delhi, it is one place which you should definitely consider. It will not only provide you a buyer for your product but also a healthy competitive environment with many sellers around.

Ease of access:
30 minutes drive from Nizamuddin Railway Station
One hour drive from New Delhi Railway Station
Nehru Place has its own bus terminal, popularly known as Nehru Place bus terminal which is quite close to Paras Cinema hall.

Areas that are close by to Nehru Place:
Okhla
Kalkaji that has been name after Hindu temple of the Hindu Goddess Kali
Sarita Vihar
Govindpuri
Srinivaspuri
Chirag Delhi
Not very far from Lajpat Nagar, South Ex

Mezzanine Finance Mezzanine Debt Australia Globalcapital

Property developers have always been looking for more innovative ways of funding their projects and more importantly maximising how much they can borrow – one such way is Mezzanine Finance. In short Mezzanine debt fills the gap between the property developers equity available and the amount of senior debt the lender is willing to lend and is generally secured by a second mortgage.

Traditionally mezzanine loans have been supplied by specialist lenders or private investors, an area which GCC has excelled in over the years. In recent times mezzanine finance has become more difficult to place with the requirements becoming more stringent, such as 100% pre-sale cover, collateral security etc. In response to this GCC has been working on an alternative.

Through our extensive network, GCC is in a position to source builders for appropriate well located developments who are and can not only build the project at a fixed price determined by an independent QS but are also able and willing to inject cash to cover any shortfall (as mezzanine facility/equity behind the senior lender).

Residential Development Finance Senior & Mezzanine Finance
Our client has contracted to buy a development site in Western Sydney for $1.5M plus costs. The property is zoned for 15 x 2 bedroom residential apartments and should sell for $6.5M. Given that it is a rising market the clients would prefer not to obtain presales as they firmly believe they will obtain better prices for the units close to or when completed. GCC was approached to arrange development finance via a private non-bank lender due to the fact that no presales would be available.

As we started working on the proposal we were informed by the borrowers that some of the investors had pulled out and they were short approximately $500k. Traditional mezzanine finance was not an option as there were no presales.

Solution

GCC approached one of our builders who we have been working with over the years and discussed the project. The builder did his research and agreed that the project was viable, well located and would sell well in the current market. He further agreed to build the project at the QS price on a fixed price contract basis and further agreed to contribute the shortfall of $500k as a mezzanine loan.
Senior Debt

Loan Amount: $4,225,000
LVR: 65% of GRV
Rate: 11.50%
Mezzanine Debt (supplied by the builder)
Loan Amount: $500,000
LVR: 75% of GRV
Rate: 20% pa

Stand Alone 240v Mains Smoke Alarm Vs Battery Smoke Alarms

As the name suggests, a smoke detector is the piece of equipment placed in homes or buildings to detect smoke caused by a fire. In a commercial or industrial setting, smoke detectors issue a signal to a centralised fire alarm system. Stand alone smoke detectors, also known as smoke alarms, for domestic or small commercial settings send out a locally audible or visual alarm from the detector itself. Whichever process they use, the fact remains that smoke alarms are life savers. These devices help you to avoid any mishap or disaster due to sudden break out of fire. They send out the signal at the slightess hint of smoke detected in the air allowing us to take timely preventive measures. There have been many instances in the past where some serious damage to life and property could have been avoided if smoke alarms had been fitted.

Most smoke alarms can easily detect the smoke produced by flaming fire, smouldering fire, and even a slow burning fire. If you are planning to buy a smoke alarm for your house, you have three options: mains smoke alarm, mains smoke alarm with battery back up or battery only smoke alarm. The battery smoke alarm is powered by a battery, whilst a mains smoke alarm is powered by the mains electricity.

Battery powered smoke alarms are simple and easy to install. It is still desirable to have battery back up in a mains smoke alarm to allow the smoke alarm to carry on working even in the even of a power cut or electricity failure. In a standard battery smoke alarm, the battery would need to be replaced every 12 months. However, you could opt for the ones that are fitted with 10 and 15 year batteries to avoid the hassle of replacing the battery every year.
Mains smoke alarms need to be installed by a qualified electrician. Now, most mains smoke alarms come with a battery backup to ensure continual functionality regardless of the situation in hand. Both battery and mains smoke alarms offer additional benefits as well. For instance, these devices also feature emergency lights and silence buttons, for use where false alarms can be a nuisance especially when you are cooking. Some are also interlinkable, which means any smoke detected at one point can raise alarm at all other points as well.

Firex is one of the leading brands offering a wide range of both battery and mains smoke alarms. You may choose to buy Firex 230/240V, a mains interlinkable smoke alarm for your house. It comes with an Alkaline battery backup which provides a standby supply for up to 4 years. Its L models come with a Lithium battery or Lithium rechargeable batteries providing a backup of 10 years.
You can buy smoke alarms for your home online at competitive prices. One website that offers smoke alarms and a wide range of other electrical products at discounted prices is alertelectrical.com.

Gaur Atulyam offers best buy for home buyers

Gaur Builder is a highly renowned leader in the Real Estate industry that has created several landmarks in the Residential and Commercial Properties. The group has covered the market up to a great extent and with the combination of consistent efforts and performance it has been winning the trust from past few decades. Gaur Atulyam is a brand new presentation by the group that has uplifted the living standards and made the dream fulfillment an easy task to accomplish. The targeted location of the group is Greater Noida but after the exposure of business and increasing demands at a rapid rate some other regions are also coming into action to change the overall structure of the country. The credit for such an achievement goes to the dedicated teammates who always focus on the Vision of the company and to attain it at any cost. Gaur Atulyam Greater Noida is a residential project that acts as a perfect place for those who always want the performance. The project offers the choice of 2, 3 and 4 BHK luxurious apartments and including all the advanced features and facilities to increase the living standards and the brand credibility. It is really a fantastic residence with beautiful Site layout where the top level of comforts and luxury met together. To make a better tomorrow, investment in this project is a nice idea. Not onlt this, all modern amenities are offered in Gaur Atulyam in order to make the living comfortable and luxurious. Avail a home here, and enjoy some unforgettable moments with your loved ones. The floor size of Gaur Atulyam Greater Noida shows variations according to the apartment type and the general range starts from 955 to 1665 Square Feet. The project comprises of several specifications that acts as a part of its increasing beauty. Some of them are pointed as – vitrified tile flooring, oil bound distemper, modern interiors, fire fighting system, high speed elevators, multipurpose hall, swimming pool, security, parking and gymnasium. It is located at the most promising location Noida and Greater Noida. This project is having very excellent connectivity from Delhi, Noida and Greater Noida via Noida-Greater Noida Expressway. Just only 10 minute drive from Pari Chowk. Upcoming Metro will make the connectivity easier to its residents. There is upcoming night safari and cricket stadium adjacent to this project. Formula1 race Track is already present in Sport City. All this features makes it’s a perfect Homes. Gaur Builder believes in delivering the promise. House of by thousands of happy families, Gaur Group has always upto customer’s trust and committed in providing a lifestyle with world class construction, design and quality.

For Booking and Information Details @

Call – 9560090047

http://www.gauratulyamgreaternoida.org.in

Commercial locksmith services

It is very important to secure your business property from thieves and vandals to ensure that your employees and your investment is well protected. A reliable locksmith is capable in providing a number of specialized services and products that help to reduce employee theft and improve security at your business place.

At all times a business owner should have control over who has access to their property and the security of their office. When the tenants move in and out throughout the year the commercial property owners have to face similar issues. So it is essential to hire locksmith to re-key the lock to prevent access as soon as the tenants vacate the property. This will secure your property and you can assure a safe environment for the next tenant.

It is very important to hire a certified locksmith to get the re-keying and lock repair job done. The property owner can also get master key system installed so that he can have easy access to all of the doors on the property. Most of the apartment and office building are using master key system to protect their buildings. A certified locksmith is highly trained locksmith and can install and repair all types of locks that are often found in commercial properties.

For securing commercial property and places of business, locksmith services are proved to be essential tool. They also install locks for your cabinets and desks so that you can be assured of the security of the interior office space. By taking such security measures you can prevent theft from occurring during the working day while employees are left unattended. Why is it essential to hire a certified locksmith?
Certified locksmiths go through rigorous training to ensure that they are highly qualified.
Certified locksmiths are insured and bonded. This means that should any damage occur as a result of the technician’s work, the locksmith’s are responsible for the cost of the repairs necessary to fix the problem. If an uninsured locksmith is used and damage to property occurs, it is the homeowner’s responsibility to pay for the repair.
Locksmith services do more than change locks. The certified locksmiths are up to date with the latest technologies like panic buttons, high tech security entrance, and biometric locks.
Certified locksmiths are on call 24 hours a day. Locksmiths in Greenwich CT Locksmith Rye Company, Alliance locksmith1 is a well known locksmith company. They handle all types of problems related to any type of locks. They provide services in Residential, Commercial areas. They also repair your automobile locks. They provide 24/7 emergency service.

1.Alliance Locksmith:For the protection of your home, business and automobiles and of course peace of mind, you can rely on Alliance Locksmiths, New York. Alliance Locksmiths, NY has been serving the community for 20 years.Alliance Locksmiths provides you 24 hours emergency, fast and economical service. For more details, call Alliance Locksmiths Connecticut office at 203 256-1637 or New York office at 914 723-9343.Office is located at 130 Wells St. (Suite 101), Peekskill, N.Y. Visit their websitewww.alliancelocksmiths.netor you can email .

Leasing Retail Space – Negotiating The Right Deal

Letter of Intent (LOI)

Retail space negotiations are complicated and time-consuming. Once you have located the retail space which is ideal for your business, the next step is to negotiate an agreement which protects you and is acceptable to the landlord. Industry practice for retail space is to negotiate a letter of intent before negotiating the lease.
Use an Attorney!

Engage an attorney to assist in the letter of intent negotiation. It probably seems that the letter of intent is informal and can easily be negotiated without an attorney. However, there are issues you should address in the letter of intent which may not be obvious if you have not previously negotiated letters of intent for retail.
Wow! This is Complicated

Common factors for a retail space letter of intent include: defining the parties (leasor and leasee aka landlord and tenant), defining the space, defining the rent including any percentage rent, defining the basis for calculating sales or net income if they are involved in calculating rent, the initial term, any renewal options, rent for renewal options period, the day at which lease payments commence, the date of occupancy, the condition of the space when the landlord provides it to the tenant, tenant improvement allowances provided by the landlord, who performs the tenant improvements, is the tenant required to use union labor for tenant improvements, is the tenant required to use a general contractor for tenant improvements (TI), who pays for the cost of the ADA compliance, who maintains what (i.e roof, HVAC, electrical, plumbing, etc), who pays which expenses, calculating the payment for CAM (common area maintenance), free rent, and identification of the broker and payment of the brokerage fee if relevant.
You Mean There is More!

Other issues which you may want to address in the letter of intent include expense escalations, co-tenancy issues, eminent domain, foreclosure, maintenance standards, definition of the amount of leaseable space, personal guarantees, purchase option, subleasing, required hours of operation, dedicated parking, who is responsible for obtaining variances related to signage and usage of the retail space, expansion options, first right of refusal, can the tenant keep the TI allowance not needed for construction, can the landlord relocate the tenant if the space is needed to accommodate another tenant, late payment fees, the mechanics of providing notice of default and any options for the tenant to cure the default, mechanics of dispute resolution between the landlord and tenant, and a right to terminate if your sales do not stabilize at a minimum level.
Complete LOI First

Complete and obtain an executed copy of the letter of intent before beginning on the lease agreement. The primary objective of the letter of intent is to negotiate and agree upon the business issues. The lease documents these agreements. Discuss fees to negotiate the lease with your attorney. Agree upon an hourly rate and estimate of the total fees. Agree the attorney will call if it appears the cost is going to exceed the estimate.
The following sections of the leasing retail space article focuses upon issues which merit commentary.

Percentage Rent

Percentage rent — make sure the agreement regarding percentage rent is clear. If percentage rent is based on sales, define sales. For example, is sales-tax remitted to the city and state included in sales? It is even more difficult to define net profits, which is why most percentage rent leases are based upon sales instead of profits. Attempt to look at the definition of net profits from a detached perspective. If you gave the definition to a six grader, could they understand it?
Renewal Options

Renewal options — tenants love them and landlords prefer to avoid them. In general, a larger number of shorter renewal options are better for the tenant. In addition, shorter notice periods to announce the tenants intend to renew are desirable for the tenant. Landlords prefer as much notice as possible regarding whether or not the tenet plans to renew.
Renewal Option Rental Rates

Renewal option rental rates — tenants typically want fixed rental rates for renewal periods. Landlords typically want the rental rate based upon market rent. Agreeing upon market rents can be difficult and expensive. Reasonable people can disagree regarding the level for market rent for a retail space. For example, should the premium for an end-cap space be 10% or 100%? Retail space is not fungible. It recently signed lease for retail space within the same center provides insight into market rent. However, in most cases it will not clearly defined market rent.
The Market Research and Consulting division of OConnor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments.

Assam Gramin Vikash Bank – Asomi Mortgage Loan

Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rur…

Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB).

The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank (Established on 31-03-1981) and Subansiri Gaonlia Bank (Established on 30-03-1982).

Thus Assam Gramin Vikash Bank (AGVB) came into existence from 12th January 2006 covering the areas of operation of the pre-amalgamated RRBs. The bank has its Head Office at Guwahati.

Purpose: This is a loan to owners of house, flat or commercial property to meet business/professional or personal purposes.

Eligibility: The applicant must have sufficient regular income to repay the loan and the property should be in his name.

Security: This personal loan is granted against mortgage of property such as house /flat /commercial property.

How To Build Equity With Commercial Property Investment

Equity is Money

Building equity is the primary if not the ultimate reason to buy instead of rent a commercial property. Let’s face it. It’s money in the bank. In fact, it’s better than money in the bank because you can’t get the same kind of return on your money when it’s sitting in the bank as opposed to when you’re building equity. Moreover, if you choose the right financing for your commercial real estate purchase, you can not only build equity through ownership, but you can also leverage your capital saving in order to grow your business, hire additional employees, or even purchase an additional location when the time comes.

Owning beats renting because you can sell your investment once you outgrow the space or sell the business. Even if commercial property in your area has not appreciated (which is unlikely), you can recoup your investment by renting out the space once you move out and by selling when the time is right.

If you plan on growing into your building, buy something larger than your current needs, and rent out the extra space until you need it for expansion. This will provide you with steady income that you can use to help pay your commercial mortgage loan or invest in your business.

Leasing the Land

Most commercial real estate is what’s called fee-simple. The buyer buys the building and the land, and has owner title to both. But while you might assume that you’ll be buying the land a building sits on, you may not have this option.

Some landowners choose to lease their land to a business that then constructs buildings on the leased land. The business owns the buildings, but not the land.

The disadvantages to “leasing the land” are the following:

* You own a building on land that you don’t own.
* You have to pay rent on the land.
* You may have rent increases over the years.
* You can’t do with the land as you please.
* You can’t sell it, give it away, lease it to others, trade it or leave it to loved ones upon your death.
* You are not building up equity in the land over time.
* You may be forced to move out when you’re not ready to do so.

It is usually in your favor to have a fee-simple arrangement where you own both the land and the building. This gives you more control over your property. Owning both the land and the property keeps things simple and you only have one person’s interests to consider: your own.

The first step is clearly defining what type of property you want to purchase and how you want to use it.

Conveyancing Solicitors – Find the correct Commercial Property for business

Whether you want to sell your dental practice or buy the corner off-license, or any other business, we can assist you.

We have many years of experience commercial and Conveyancing solicitors acting for both landlords and tenants in commercial transactions, including shop lease, pub lease and licenses. We can help you if you are an owner and your tenant does not pay rent or if you are a tenant threatened with eviction by your landlord.

When acting for you in your commercial transaction, our london lawyers will use sound commercial reasoning to help you achieve your business objectives. We will not simply provide an abstract legal essay.

We strongly believe that every law firm is only as successful as its clients and our work is therefore performed to the highest professional standards. We are always focused on achieving your objectives.

We do not compartmentalise your legal problems, so if during the course of your commercial property transaction it is also necessary to consider, for example the structure of the new company, if this is as a sole trader, partnership or limited liability company, we can most definitely assist you. We can advise you in drafting a suitable partnership agreement or setting up a private company including advising you on the responsibilities of directors and shareholders alike. Going forward we can assist with compliance with the legal obligations of the partnership and the company such as annual returns.

* Partnership agreements
* Commercial lease restauant and licenses
* Sale and purchase of business assets
* Setting up limited companies

If you are interested in finding Conveyancing solicitors , we are here to explain everything you need to know. We are specialists solicitors in london will have expertise different area like Construction legal related or building disputes.