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Why to invest in Indore?

A city is not gauged by its length and width but by the broadness of its vision and the heights of its dreams.

Even the great Shakespeare and Milano knew the importance of real estate as early as 16th century and we have come a long way to 21th century reaching to the heights and more to come.

Indore is the largest and the most popular city with the best mix of good social infrastructure plus the smartest and cleanest city tag. Now the times are changing thick and fast as Indore is slowly and steadily growing as a major hub for doing business known as the commercial capital of Madhya Pradesh. It has that X-factor to compete with bigger cities located in the heart of the heart of the country Madhya Pradesh. the city boosting as an education hub is the only city having IIT and IIM , symbiosis and NMIMS and featuring a strong pharma and automobile industry present here apart from many other perks and assets that can envy a 1 tier city. Getting aboom in IT sector after big cities like Hyderabad and pune Indore is going to be the next it hub.Companies like TCS and INFOSYS are setting up here on a 250 ft. wide road which connects THE DEVI AHILYA BAI HOLKAR INTERNATIONAL AIRPORT to get more ease in travel IndoreBRTS is working with excellence and a metro is going to be introduced in coming 2 years. the city has the fastest connectivity to bigger cities like Mumbai , Delhi through airway and roadway.The city has everything within it to make it one of the best places to buy commercial spaces in India. With a lot of industrial corridors coming up along with excellent connectivity to the major cities and industrial areas there is lot of potential here. Pithampur is in the outskirts of   Indore having companies like Volvo, cipla making it a manufacturing hub. Investing in the commercial properties in Indore is a profitable deal as the rates are much cheaper here comparing to bigger cities. There is also a very strong Bus Rapid Transit System much like the widely acclaimed DTC named Ahilya path project which connects the entire city for all twenty-four hours. One more reason to buy property in Indore and to make carrying out of business easier and quicker, the government of Madhya Pradesh has constructed an eight-lane road and courtesy to which people coming from Bhopal can directly go to Indore airport. The city has many special economic zones and brags about many industrial giants.

In all Indore is a perfect blend of IT, education infrastructure, travel and tourism making it a perfect destination to invest and stay.

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Real Estate Roundup!

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio, or DTI. — From Bankrate

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!