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Saturday, December 25, 2010

Real Estate Property

Shortt Auction and Realty Co. serves the entire states of South Carolina, North Carolina and Virginia. We offer our clients professional marketing services for every type of real estate and certain types of personal property..

Each member of our auction marketing staff is highly trained, experienced and committed to producing the very best results for our clients. Our company has the expertise and financial resources to successfully conduct an auction of any size.

Wednesday, December 22, 2010

UK Real Estate Agency Freezes Residential Complex Project in Sofia

Bulgaria UK Real Estate Agency Freezes Residential Complex Project in Sofia: UK Real Estate Agency Freezes Residential Complex Project in Sofia
The blueprint of the Ever Green complex envisages the construction of 6 apartment buildings and of 27 detached houses. Photo by land.bg
The UK Black Sea Property agency announced Monday that it was putting off the realization of its "Ever Green" residential complex project located in the Malinova Dolina ("Raspberry Valley") quarter in Bulgaria's capital Sofia.

The news was reported by the Bulgarian financial newspaper Pari Daily, which explains that the management of the real estate agency, which is listed on the London Stock Exchange, had decided to postpone the project in expectation of a better market situation, and was going to keep the plot of 24,6 decares as part of its real estate portfolio.

The construction of the closed-type Ever Green complex was supposed to start in September. It is designed to include 27 detached houses, and six small apartment buildings.

The manager of the agency John Chapman is quoted as saying that the decision to put off the start of the construction had been motivated by the oversupply in some sectors of the real estate market.

Sunday, December 19, 2010

Millbrook Real Estate

A beautiful country condominium awaiting you through private gates, Millbrook Hollow offers acres of natural beauty in a tranquil setting. Eighteen beautifully styled homes are nestled on the banks of a lovely pond and surrounded by magnificent century old trees and fine plantings. Each dwelling was cleverly designed for those used to spacious accommodations yet desire the freedom afforded by modern condominium living.
This light-filled end unit was carefully designed, featuring a wonderful option for one level living. The main level offers an entry hall, an eat-in-kitchen, two well proportioned bedrooms, two full baths, and a gracious dining room opening to a spacious living room with a brick fireplace. The second level provides a third bedroom, a full bath, a loft study and two large storage closets. On the lower level there is a one car garage and an additional area, which is easily expandable for extra living space. There is also an attractive balcony and deck extending from the back of the unit.

Friday, December 10, 2010

Nice House in Patan


Nice House in Patan

NPR 60000

House

Rent

Kathmandu

nepal

फ़ो ९८५१०७७०२९

Nice house with a beautiful garden, power supply (invertor and generator) well furnished and full equiped, in a quiet area.

Thursday, December 2, 2010

Nepal Kathmandu Property Hotel for Sale in Dhaksi Dhara Matatirtha Kathmandu

Kathmandu Property Hotel for Sale in Dhaksi Dhara Matatirtha Kathmandu Nepal

Subject : Excellent Property on Sale

Namaskar

Here we are giving you a short information about our small Hotel ” The Outlook inn ” situated Dhaksi Dhara – Matatirtha , Kathmandu.

This is a newly opened small budget hotel ,16 rooms with private balcony & attached bath with running hot water, width Ramp for wheelchair & enough parking space, hygienic food & attractive restaurant, located at Dhaksi, Matatirhta, Kathmandu drive left from Satungle.

This majestic new destination offers a really unique, amazing & interesting tour for eco tourism, short hiking to Chandragiri hill (2275mtr ) 6 hours to & from,or start hiking from Kirtipur to Machhenarayan temple 2 hours & another an hour to Hotel.

Mixed culture Machhenarayan village tours, famous pilgrimages place Matatirtha Temple, a magnificent Himalaya range from Mt.Manaslu, Ganesh Himal,Langtang Himal , Mt.Shisapangma,Dotje Lakpa, Mt.Chhova Bhamre, Mt. Gaurishankar, Mt. Lhotse,Mt. Everest, to the east Number Himal & karyalung , as wel as the marvelous Day & Night view of Kathmandu,Patan,& Bhaktapur, from Thankot to Nagarkot & from Budhanilkantha to Lakuri Bhanjyang can be seen from every room.

It is an exotic destination for those who are extremely interested to see the verities for birds as Red-vented Bulbul, Great Egret,Grey Wagtail, House Crow, House Sparrow, Little Egret, Oriental Turtle Dove, Spotted Dove, Steppe Eagle,Kingfishers,Common Myna, Indian Pond Heron,Tit,& so many others.
As wel so many Medical plants are has been found in Chandragiri jungle sub-tropical zone (1,000-2275,000m).

This Magic Sangri-La lies in 1650 mtr. offering scenic ecstasy of Kathmandu valley & Unparalleled sunrise.

Chandragiri hill the warm home of Leopards & Barking deer’s, Jackal,Bears,& red cats are other more types of wild animals which is unbeliable.

Dear sir & madam Unfurtunetly : We are saling this property as soon as possible , because our kids are migreted to ovearsease. now we are only two.

Here ia ma sending a photo of building . As wel as this an excellent property for 2011 tourism year. It a nice building for Hospital or nurshing home or private colleges also.

If some body is interested to buy this property: Please call me direct in 977014721332, 9851077029 basbari Kathmandu
Warm regards from Kathmandu

Monday, November 29, 2010

Beautiful Waterfront Vacation Home

The Fairhope, Alabama Coast has by far the most beautiful bay views in the Southeast, with glistening waters, serene natural beauty, and a relaxed bayside atmosphere. Many have found Fairhope homes an condos provide great access to working opportunities in nearby Mobile and Pensacola. With access to beaches, boating, golf, great seafood and a wonderful leisure lifestyle.

Saturday, November 27, 2010

GRANTS FOR INVESTING IN REAL ESTATE

How would you like to obtain a grant for investing in real estate? You can, and it may be easier than you may think!

There are several types of grant for investing in real estate. Which ones you choose to apply for depend on the types of properties you are interested in purchasing.

If you are looking to purchase your first single family home, you may qualify for a grant from the federal government, or special financing from HUD (Department of Housing and Urban Development). In addition, many state and local governments have programs that allow you to apply for a grant for investing in real estate, and these may be used for buying your first home.

Another type of grant for investing in real estate is for those who prefer to invest in residential income property. This type of grant, which really isn’t a grant at all, supplements a portion of your tenant’s rent through a voucher system known as HUD’s “Section 8” program. Since the money is paid by the federal government directly into your bank account each month, getting a tenant in this program is just like getting a monthly grant from Uncle Sam!

A third type of grant for investing in real estate is for those who prefer investing in specific kinds of commercial property that meets special or unique needs. For instance, there are federal grants available for the construction of health care facilities and facilities that serve the needs of the handicapped or underprivileged.

Finally, you may be able to qualify for a grant for investing in real estate if you are a woman or a minority. The government has many different grant programs available for people in various groups who want to start or grow a business, and your real estate investing activities may qualify as a business.

To sum up, there are many reasons for the government to financially support the real estate investing efforts of individuals engaged in various types of investing. Your activities may fall within the parameters of some government program, allowing you to qualify for a grant for investing in real estate. It may pay to do a little investigating to find out what programs, if any, you may qualify for.

Saturday, November 20, 2010

What Are the Benefits of a Real Estate Auction?

The real estate auction is a form of competition with inherent dynamics that cannot be duplicated by private real estate marketing. During the auction process, each bid reinforces the market value of the property which encourages continued bidding. In a traditional real estate sale, the buyer negotiates the seller down. In an auction, the buyer can win only if he outbids all other bidders. Additionally, a professionally-conducted auction eliminates potentially lengthy and costly sellout periods. It has often been demonstrated that a property that couldn't sell at any price was sold for top dollar in minutes at auction. This happens for two reasons:
The proceedings at an auction are led by your seasoned professionals at Vogel AuctionsThe property is effectively promoted and exposed to a multitude of interested buyers by our advertising team at Vogel Auctions. The Benefits to the Seller:
Buyers come prepared to buyQuick disposal reduces long-term carrying costs, including taxes & maintenanceAssurance that property will be sold at true market valueExposes the property to a large number of pre-qualified prospectsAccelerates the saleCreates competition among buyers - auction price can exceed the price of a negotiated saleRequires potential buyers to pre-qualify for financingThe seller knows exactly when the property will sellEliminates numerous and unscheduled showingsTakes the seller out of the negotiation processEnsures an aggressive marketing program that increases interest and visibility

Sunday, June 13, 2010

House for rent

A double bedroom individual house in ground floor for rent in Kattupakkam, which is near to Iyyapanthangal, next to Sri Ramachandra University. It is double bedroom with one attached bathroom and one common bath room It may be suitable for people working in DLF Manapakkam, Sriperumandur, Guindy and Poonamallee area as Kattupakkam is located in Trunk road which is well connected by road.Kindly contact: Mr. D.Jagadeswaran No 1/6, Plot No 313 A, 1st street, P.G Avenue, Kattupakkam, Chennai

Sunday, April 25, 2010


Nice cuttege in Patan Nepal

NPR 60000000

House

Rent

Kathmandu

Nepal

phone 9851077029

Nice house with a beautiful garden, power supply (invertor and generator) well furnished and full equiped, in a quiet area.
For more details you can click on the link in very small letters under the photo.

Sunday, April 18, 2010


A residential area is a land use in which housing predominates, as opposed to industrial and commercial areas. Housing may vary significantly between, and through, residential areas. These include single family housing, multi-family residential, or mobile homes. Zoning for residential use may permit some services or work opportunities or may totally exclude business and industry. It may permit high density land use or only permit low density uses. Residential zoning usually includes a smaller FAR (floor to area ratio) than business, commercial or industrial/manufacturing zoning.The area may also be large or small. In certain residential areas, largely rural, large tracts of land may exist which have no services whatsoever. Because a large distance must be traveled to access the nearest services, most journeys involve using a motor vehicle or some other form of transport. This need has resulted in residential land development usually existing or planned infrastructure such as rail and road. The pattern of development is usually set forth in the restrictive covenants contained in the deeds to the properties in the development, but may also result from or be reinforced by zoning. Restrictive covenants are not easily changed as the agreement of all property owners (many of whom may not live in the area) may be required to effect a change. The area may also be large or small. Contents
1 Residential differentiation2 Residential development 2.1 Problems with Residential Developments 3 Additional reading
// Residential differentiation Residential area established about a century These are some of the various zones under which residential areas fall. Inner city residentialInner mixed zoneestablished residentialnew developmentRural-urban fringerural residentialsub-regional centersResidential development Residential development Residential development is real estate development for residential purposes. Some such developments are called a subdivision), when the land was divided into lots with houses constructed on each piece of subdivided land. Such developments became common during the late nineteenth century, particularly in the form of streetcar suburbs. In previous centuries, residential development was mainly of two kinds. Rich people bought a town lot, hired an architect and/or contractor, and built a bespoke house or mansion for their family. Poor urban people lived in shantytowns or in tenements built for rental. Single family houses were seldom built on speculation, that is for future sale to residents not yet identified. When cities and the middle class expanded greatly and mortgages became commonplace, a method that had been rare became commonplace to serve the expanding demand for home ownership. After World War II, the rapidly expanding economies of major cities of the United States, especially New York City and Los Angeles produced a demand for thousands of new homes, which was largely met by speculative building. Its large-scale practitioners, dislking the name of "property speculator" coined a new name for their activity: "Residential Development". Entire farms and ranches were developed, often with one individual or company controlling all aspects of entitlement (permits), land development (streets and grading), infrastructure (utilities and sewage disposal), and housing. Communities like Levittown, Long Island or Lakewood south of Los Angeles saw new homes sold at unprecedented rates—more than one a day. Many techniques which had made the automobile affordable made housing affordable: standardization of design and small, repetitive assembly tasks, advertising, and a smooth flow of capital. Mass production resulted in a similar uniformity of product, and yet in the uniformity was a more comfortable lifestyle than cramped apartments in the cities. With the advent of government-backed mortgages, it could actually be cheaper to own a house in a new residential development than to rent. As with other products, continual refinements appeared. Curving streets, greenbelt parks, neighborhood pools, and community entry monumentation appeared. Diverse floor plans with differing room counts, and multiple elevations (different exterior "looks" for the same plan) appeared. Developers remained competitive with each other on everything, including location, community amenities, kitchen appliance packages, and price. Today, a typical residential development in the United States might include a slowly winding street, dead-end road, looped road, or cul-de-sac lined with related homes. Many residential developments have purposefully meandering roads as a means of discouraging speeding automobiles in the neighborhood. They help form the stereotypical image of a "suburban America," and are generally associated with the American middle-class. Some residential developments can be reserved only to the most wealthy, including gated communities with multimillion-dollar homes. Problems with Residential Developments Criticisms of residential developments may include: They do not mesh well with the greater community. Some are isolated, with only one entrance, and therefore are connected with the rest of the community in few ways.Being commuter towns, they serve no more purpose for the greater community than other specialized settlements do. Whereas other planned developments take into consideration their relation to the rest of community, including commercial centers, population centers, and other aspects of community planning, residential developments are often seen as serving no purpose other than

Thursday, April 8, 2010

Pokhara a Jungle Home

Pokhara Nepal— It wasn’t the snakes and scorpions that horrified Sandra Santos back in 1906 when her husband, Edson Costa, first showed her the potential weekend getaway, a wooden home on stilts on two acres of Amazonian rainforest. It was the dark, gloomy, off-the-grid structure itself.

Saturday, April 3, 2010

nice cutega in pokhara

Wonderful long range and countryside views from this 3 bedroom, 2.5 bath home. Grapevines, fruit trees, blueberry bushes, herb garden and an array of different oriental plants. Separate dining area and sunroom. Basement is partially finished with den, bedroom, bath and fireplace with gas logs and 2 pantries.

Tuesday, March 30, 2010

Sea view 'Home & Land' for sale in Pokhara Nepal


Around 7000 Sq. Ft. of two storey construction in Pokhara city, near the historical Fort of Pokhara (200 mtr) & adjacent to the Vijaydurg Beach(500 mtr). pokhara is a well known historical tourism place in Nepal. It’s also known for the Fishery industry and the for the International Port Development project in progress.

The construction is built up on a total of 0.3 Acres with landscaping of Coconut and Mango trees. An all season watered private well is also in the premises. The pace is already non-Agriculture and can be reconstructed to avail the same construction area.


Thursday, March 25, 2010

Real Estate and Homes for Sale and Rent

realestateworld.com.au contains a wealth of information to help you learn more about real estate. As one of NSW's premier online destinations for real estate, our database contains listings from real estate agents across NSW. You can search for houses, units, land, rural, business and commercial property for sale as well as residential, holiday and commercial property for rent and lease. Our real estate agent directory allows you to find the agents that provide services in your area of interest.

So whether you are interested in finding out what is happening in the market by getting a free Neighbourhood Report, finding more information about buying, selling or investing, looking for a real estate agent to help you buy or sell your home, or just looking to browse properties in your area, it's all right here.

Friday, March 12, 2010

Subprime mortgage

The subprime mortgage crisis is an ongoing real estate crisis and financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, with major adverse consequences for banks and financial markets around the globe. The crisis, which has its roots in the closing years of the 20th century, became apparent in 2007 and has exposed pervasive weaknesses in financial industry regulation and the global financial system.[1] Approximately 80% of U.S. mortgages issued in recent years to subprime borrowers were adjustable-rate mortgages.[2] After U.S. house prices peaked in mid-2006 and began their steep decline thereafter, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher rates, mortgage delinquencies soared. Securities backed with subprime mortgages, widely held by financial firms, lost most of their value. The result has been a large decline in the capital of many banks and U.S. government sponsored enterprises, tightening credit around the world.

Saturday, March 6, 2010

Mortgages in real estate

     In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich and poor, a significant fraction of the total wealth is in the form of land and buildings.

In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgage loans (or other instruments). These are loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because, if the borrower does not make payments, the lender can foreclose by filing a court action which allows them to take back the property and sell it to get their money back. For investors, profitability can be enhanced by using an off plan or pre-construction strategy to purchase at a lower price which is often the case in the pre-construction phase of development.[citation needed]

But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry, as such, either does not exist at all or is only available to members of privileged social classes.

Sunday, February 21, 2010

Real estate as "real property in nepal

nice house in pkr nepal
price 120000 npr
phone 9851066690

Sunday, February 7, 2010

Nice to know

» The culture of Nepal is a unique combination of tradition and novelty. The traditions are followed as they were and new customs are created to keep pace with the changing times. » Culture in Nepal is an assemblage of music, architecture, religion and literature. » The mountain kingdom of Nepal is multi-ethic and multi-lingual. The land is rich with unique cultural groups like Tharu,Yadav, Ahir, Newars and others.

Monday, January 25, 2010


 this is my nest i want sell it prise 50000000 R.s
locetion-Myagdi nepal
phone 9851066690
thanks.

Tuesday, January 19, 2010

Real estate investing

Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent. If these factors are not well understood and managed by the investor, real estate becomes a risky investment. The primary cause of investment failure for real estate is that the investor goes into negative cash flow for a period of time that is not sustainable, often forcing them to resell the property at a loss or go into insolvency
.

Sunday, January 10, 2010

Real estate pricing


The median home price is one of the most common measurements mistakenly used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes. However, this is not true. Actually, it is more biased than the mean because it is more easily influenced by abnormalities in the market, such as an extraordinary influx of say, low-selling foreclosure sales prevalent in an economic downturn. ( The statement made up to this point by the previous author is completely false, by statistical definition "the mean is affected by each and every value, which is an advantage. The mean uses all the data and each data item influences the mean. It is also a DISADVANTAGE because extremely large or small values can cause the mean to be pulled to the extreme value" (Business Statistics for Contemporary Decision Making, 5th edition, Black K. p 51). In other words in the authors attempted example....all those lower price houses are actually affecting the mean (average price) MORE than they would affect the Median. "The Median is unaffected by the magnitude of extreme scores" Business Statistics for Contemporary Decision Making, 5th edition, Black K. p 49). all the data and each data item influences the mean. The mean is unbiased ONLY when extreme outliers in the data are not present, the median is not influenced by extreme values. The term "outlier" is a statistical term dictating how relevant say a home price is to the other prices in the set of prices, there are specific tests for this but the best example perhaps would be the following. Nine homes all sell for prices in the range of say 100-140,000 dollars but one home sells for 225,000. This number would be considered an "outlier" to the rest of the data (example is too complicated to write here) but the point is that the number is substantially different than the sales prices of the other homes. In the authors example the mean would be substantially MORE influenced by the "influx of low sales price of homes than the Median would. One way to determine what to sell your home for would be to look at the numbers that composed the average, are they relatively similar-within 5-10% of each other or are they significantly far apart 15% or greater. If the prices look like they are all over the board than take each price and write them in order from the smallest to the largest price. The number that is in the middle of that list you just made would be the Median. If you have a list of numbers with an even number of prices in it (say 8 different prices) the median is found by adding the 4th and 5th prices together and then dividing that result by 2. In the case of any list if there is an even number of prices you add the two middle terms and divide by two. Should you use the Median or the Mean? Well the answer in todays market is tricky. The next item to look at is "days on the market". So perhaps a home in your area sold for a nice price but was on the market for 5 months (150 days). Do you (can you) afford to wait that long? If so, do not be afraid to keep your realtor in check by telling him/her what price you want to sell at remember they work for you. You should also follow up to be certain your home is listed and they are not ignoring the listing because they do not want to put in the work at that price. A good realtor will work hard at every price and let you be wrong for perhaps 21 days. At which point the good realtor will show you their efforts vs results and you will probably reason with them to drop your price a few percent. Do not be afraid to use a median price if the sales prices are really scattered and the Median price is actually higher than the Mean. Any realtor who fights statistically factual information when your answer is a higher selling price than theirs is doing you a disservice and just doesn't want to wait to get paid. Nobody wants to wait forever to get a check but you have a right to sell your home at a price that is relative to your situation-not your realtors. Generally speaking the mean is an OK measurement but it's useless when you only use the standard "few comparables" that is generally used. In todays market especially, if you want to know the REAL price to sell your home for than use the mean of perhaps ten of the most recent sales and than ask your realtor to perform a "t-test at the 95% confidence interval to determine the high and low range values. (Watch your realtor's eyes roll back in his/her head when you present this idea). This answer to this test is saying that, there is a 95% chance that the mean sales price is between the upper and lower values. If you strictly use the mean you have a 50% chance of being correct....it's your money, would you rather be 50% right or 95% right? Any basic statistics book such as "Business Statistics for contemporary Decision making, 5th Edition, Black, K., p 310) or engineering friend will be able to show you how to do this calculation. But let's remember Real Estate is a license and these individuals are good at presentation, centralizing a place where buyers and sellers can meet, and working the process. They are not however necessarily adept at statistics. Continue on for more entertainment in this article. Common Realtor arguments for establishing a low sales price include: "I've been doing this for ex years...blah blah blah" " I know this market better than anyone" Translate this and similar phrases into the following: " I really don't wanna work hard and so I wanna set your house price at the lowest level possible so we can unload it and I can move on" They may refute that statement saying they get paid more if the house sells for more but when you consider a slow moving real estate market. A house selling at $275,000 would net one realtors firm 3% or $8,250. That same house selling at $310,000 would net the realtor (at 3%) $9,300. BUT if they had to wait 90 days to get that extra 1,050 they won't do it. The real question is can you yourself afford to wait 90 days for an extra $35,000. That's about 11,000 per month in your pocket-not bad change. So listening to a lazy realtor can cost you some serious cash. Now on the the humorous AND obvious attempt of a dim-witted realtor's attempt at explaining statistics This is due to the tiny sampling size of just 1 (or at best) 2 sales that the median sale represents. The median introduces an unacceptable level of Sampling error. The mean, though not perfect, is superior to the median because it at least eliminates sampling error by utilizing all of the available sales. Rents and prices are often expressed per square foot to act as a basis of comparison. Home prices are limited by various factors, such as the incomes of potential buyers, the cost and ability to construct new property to increase supply, and demand for rental units. Since eighty percent of all homes purchased are purchased with a mortgage, the ability to make payments, borrow money, and the cost of borrowing money are major influences limiting how far prices can rise before hitting resistance due to prices hitting levels where potential are unable to qualify. In general the ratio in the US are home values at 2-4 times annual income levels.


Monday, January 4, 2010

Snow land Phodara


Pokhara is situated in the northwestern corner of the Pokhara Valley, which is a widening of the Seti Gandaki valley. The Seti River and its tributaries have dug impressive canyons into the valley floor, which are only visible from higher viewpoints or from the air. To the east of Pokhara is the municipality of Lekhnath, a recently established town in the valley. In no other place do mountains rise so quickly. In this area, within 30 km, the elevation rises from 1,000 m to over 7,500 m. Due to this sharp rise in altitude the area of Pokhara has one of the highest precipitation rates of the country (over 4,000 mm/year). Even within the city there is a noticeable difference in the amount of rain between the south of the city by the lake and the north at the foot of the mountains. The climate is sub-tropical but due to the elevation the temperatures are moderate: the summer temperatures average between 25–35 °C, in winter around 5–15 °C. In the south the city borders on Phewa Tal (lake) (4.4 km² at an elevation of about 800 m above sea level), in the north at an elevation of around 1,000 m the outskirts of the city touch the base of the Annapurna mountain range. From the southern fringes of the city 3 eight-thousanders (Dhaulagiri, Annapurna, Manaslu) and, in the middle of the Annapurna range, the Machapuchhre (Nepali language: Machhapuchhre: 'Fishtail') with close to 7,000 m can be seen. This mountain dominates the northern horizon of the city and its name derives from its twin peaks, not visible from the south. The porous underground of the Pokhara valley favours the development of caves of which three prominent ones can be found within the city: Mahendra, Bat and Gupteswor. In the south of the city, a tributary of the Seti coming from Fewa Tal disappears at Patale Chhango (Nepali for Hell's Falls, also called Devi's or David's Falls, after someone who supposedly fell into the falls) into an underground gorge, to reappear 500 metres further south.