Fixed fees of legal lawyers at Valuation Market

which will house a 4 cinema multiplex, shopping area, food court and an entertainment zone in an area of 11,148 sm. Among the major department store operators, Globus is expected to make its maiden foray into Mumbai in November 2001 with a 5,500 sm dedicated retail establishment on Hill Road in Bandra.

Valuation is the required process when you are going to purchase new home or other commercial properties from auctions Another specialty coffee parlor on these lines, Coffee Mantra, was launched recently in Mumbai. Its first coffee parlor is located at Fort, and another one at Napean Sea Road with plans to shortly open a third outlet at Juhu. Adjoining the Coffee Mantra at Fort is a lifestyle furniture salon, Yantra, promoted by Birla Lifestyle. Groceries retailer HAIKO, is planning to open two more supermarket stores in Mumbai.

Building on the success at its only store till date at Powai. The other two HAIKO supermarket stores are coming up at Andheri (930 sm) and at Mulund (1,860 sm). Unorganised retail in Mumbai, which accounts for the bulk of retail transactions, is expected to face stiff competition from the organised sector. There has been a steady increase in the number of outright sale transactions in the high value residential segment over the last three months. In buildings such as Mont Blanc in Malabar Hill and Somerset House in Bhulabhai Desai Road, there has been a marginal increase in values.

Rental rates have stabilised with yields varying between 5 and 8% and are likely to remain stable over the coming months. Rentals depend on the location, building, floor and gentry in the building. One deterrent in the rental market has been the ambiguity on the forthcoming changes in property taxes.

Valuation deals with property valuation process of selling and buying both

The real estate industry, which has been slow to electrify, is racing to avoid disintermediation, which is an economics term being bandied around to describe how professional services such as real estate can be delivered without people. At the same time, technologists are racing to give consumers more tools, which inherently will make the middle man less relevant.

The end game is clear; there will be a certain amount of disintermediation. How much is unclear.

In some fundamental ways, the real estate industry is making it happen. Take the publishing of property listings on the World Wide Web.

In the last year it is estimated that 40 percent of all home listings have been put up on the Internet, a remarkable statistic considering just nine months ago it was probably less than 1 percent. Now buyers will begin to go directly to the selling agent after finding properties on the Web Valuation should performed by only expert one to get better results from www.wcvaluers.com.au.

Next to erode the role of the real estate middle man will be virtual walkthroughs of homes and buildings. And the electronic property closing is the next step in wiping out hordes of service experts who now process paper.

The industry sometimes seems confused by this trend. Wholesale lenders who are looking at going directly to the Web to make mortgages are nervous about offending mortgage brokers. And title companies and escrow firms rely heavily on the Realtor network and avoid the consumer, even though electronic closings are certain to change that relationship.

In the middle of the Realtor convention, Wolff’s comment was probably a wise thing to say at the time but that tact could be a slippery slope when the disintermediation movement gains momentum – particularly when Real Select competitors are committed to only one objective, value to the consumer.

Of course, there is a transition period and the real estate transaction won’t be turned upside down overnight. But it is changing quickly and those companies that transform themselves to fit the consumer future will probably last the longest.

Free house price property valuations

Among the new projects in the premium market, a duplex apartment at Buckley Court in Colaba was sold at Rs.90 mn. An apartment in Bayview at Worli was sold for Rs.74 mn., which translates to Rs.199,134/sm. Elsewhere, in Belvedere Court in Mahalakshmi 4 apartments were sold at rates varying between Rs.69,966 – 83,959/sm. Apartments in buildings such as Ill Palazzo, Sea Face Park and Mont Blanc continue to evidence transactions at rates between Rs.193,752 – 215,280/sm

With operating costs being very high in Mumbai, most of the industrial property is being liquidated either through outright sale to developers or joint ventures with developers or by the conversion of industrial space to commercial property valuers at economical prices Due to the popularity of the Western suburbs of Khar and Bandra and the scarcity of developable land, several developers have tied up with apartment owners’ associations to develop existing residential complexes to their maximum development potential by entering into a joint venture with the owners and loading TDR (Transferable Development Rights) on the property.

Investments, exports and imports all increased sharply. Investments increased by 17.85% compared to the same period last year. GDP is predicted to rise by 5% for 2001. During the third quarter, tight monetary policy was still being pursued. In the early part of the third quarter, after the General Assembly and the establishment of the new cabinet, the Rupiah exchange rate strengthened against the USD by 23.64% from Rp.11,000 to Rp.8,400.

The Rupiah exchange rate continued to depreciate soon afterward and finally reached over Rp.9,700/USD at the end of the third quarter. Year to date inflation (January – September 2001) was 8.16%, caused by the increase in fuel prices, electricity tariffs and government-controlled commodities. Supply: There was no additional supply entering the market in the third quarter of 2001. Cumulative stock in CBD area remained stable at 3,032 million sm or 61.35% of the total cumulative supply in the entire Jakarta area.