In Brief

Property registration in Mumbai, the country’s biggest and most expensive real- estate market, continues its record-setting spree. April saw fresh peaks for the Maximum City even after the government raised ready reckoner and stamp duty rates for apartments in the city that’s home to the world’s most expensive private residence in its exclusive southern tip.

The country’s financial capital witnessed the registration of over 11,744 property deals in April, making it one of the highest performances ever, showed data from the Inspector General of Registration, Maharashtra. While registration numbers rose 16% from a year ago, the state exchequer fetched 43% higher revenue at Rs 738 crore, a 10-year high for the month of April.

"Uptick in sales velocity and record high property registrations, even in the absence of fiscal incentives, is an indicator of real sustainable housing demand from end users. Additionally, the stamp duty waiver on capital gains for up to three years has revived investment sentiment in residential real estate,” said Niranjan Hiranandani, vice chairman, NAREDCO National. “The need to arrest commodity inflation is signalled to continue this momentum." Interestingly, the performance was driven by mid-income and affordable housing segments that maintained buoyancy despite the state government raising ready reckoner values and stamp duty rates from April 1. 

"Even while outflows toward property purchases have increased due to metro cess, other factors like prices, home loan rates, household income and savings, financial security, etc. have remained stable, encouraging buyers to conclude their purchases,” said Shishir Baijal, CMD, Knight Frank India. “We expect these sentiments to continue despite cautions of rising inflation and geo-political challenges, as home ownership is considered a safety net against such challenges." 

Homebuyers' focus remained on properties with a ticket size of Rs 1 crore and below, as indicated by 45% of registrations in this segment. Properties priced between Rs 1 crore and 2.5 crore contributed to 39% of total deals, while Rs 2.5-5 crore contributed 10%. Homes above Rs 5 crore contributed 5% of the total residential deals during the month. 

Homes with a size of 500–1,000 sq ft continued to be the preference, accounting for 47% of the total registrations, followed by compact homes .. Mumbai has been setting new benchmarks in property transactions lately after the state government announced a limited-window stamp duty reduction.



More Articles

In Brief

With the reducing impacts of the pandemic and economies working in full swing, in the first quarter of 2022, there has been a small spike witnessed in housing demand across the top six cities. However, unlike previous quarters, where most searched locations were mostly in MMR, in Q1 2022, the compiled list featured the residential hubs offering affordable and mid-segment housing.  Let’s have a look.

In the past two years during the pandemic, when people saw economies around the world dwindling and undergoing constant struggle to regain their strength, it became evident that owning assets can act as the most effective protective shield against such uncertainties. Swayed by similar sentiments, a large number of people entered the housing markets. While few searched for their ‘dream home’ which can fit their aspirations, the other section of buyers eyed residential properties as profitable investment avenues.

Carrying forward similar sentiments, the past few months also witnessed record-high housing demand and a parallel healthy supply of housing units. Further, high ownership sentiments combined with an all-time low-interest rate, stamp duty cuts, and property tax waivers gave a needed push to the housing segment. However, there were few pockets of the cities, which, like always, continued to be the center of attraction for most home buyers and accordingly ranked high for the total online searches recorded. This time such most searched locations were the ones, where inventory majorly consisted of affordable and mid-segment properties.

At Square Yards, diving deep into the search trends, we compiled the list for you and came up with some of the plausible reasons which make these locations most sought after. 

 

1. Whitefield (Bengaluru)  


The IT/ITES sector in India has grown and amplified to a large extent in the past decade. Testimony of the same is also evident in the other top six cities which witnessed large masses of people pouring in and accordingly adapted to cater to the demand of employed folks. 

Notably one of such opulent housing locations is Whitefield. Located in East Bengaluru, the location falls in the category of the housing segment which owes its success story to the rise of the IT industry in the city. Home to many residential and commercial hubs, Whitefield undoubtedly forms a significant part of the city and continues to garner the interest of the masses even to date. 

From a development perspective, while major big realtors like Sobha, Prestige and Shri Ram Group are offering commercial and residential spaces in Whitefield, several other new launches are in the pipeline to absorb the increased housing demand in the location in the past few months.

Considered one of the expensive localities in Bengaluru, it was noted that in the first quarter of 2022, the average price of multistorey apartments was Rs 6,700. However, the average price for independent homes and builder floors floated around Rs 4,850 to Rs 4,900.

2. Chinchwad (Pune)

As per Square Yards online search trends, Chinchwad in Pune was leading the charts in Q1 2022, with maximum numbers of home buyers looking for their safe havens in the suburbs. And why not?  Owing to the presence of industrial and commercial hubs, Chinchwad has always been the focal point of homebuyers over the years.

Interestingly, this preference further spiked during the pandemic and Chinchwad emerged as a premium residential locality for many in the western suburbs of Pune. Also, as the location entails a wide range of housing developments, such as plots, villas and apartments, the real estate demand is expected to rise in upcoming months as well.

Additionally, with the latest announcement of Chinchwad as a proposed metro station under the ambit of the Pune metro project in the pipeline, the region has been once again in the limelight.  It is expected that once this metro line is functional, one can also witness the property prices in this location increase exponentially.  

While the property price ranged from Rs 5, 400 per Sq. Ft. to Rs 8,350 per Sq. Ft. in Chinchwad in the first quarter of 2022, the average price per Sq. Ft. for a multistorey apartment hovered around Rs 6,880. This made it one of the affordable locations situated in proximity to industrial hubs in comparison to other localities of Mumbai. 

3. Mira Road (Mumbai Metropolitan Region)

Next on the list was Mira Road. Regarded as one of the far-flung regions of Mumbai, Mira Road is one of the prime locations, widely known for its salt pans and picturesque mangroves. From green surroundings and spacious residential units to comfort, better connectivity and a bustling social infrastructure, the region has it all, making it one of the most preferred residential destinations in the western suburbs.

Apart from that, with the proposed Andheri-Dahisar-Mira-Bhayandar metro line, expected to reduce traveling outlay by almost 30 kms between Mumbai suburbs and Mira-Bhayandar, the location is all set to garner more new home buyers. This holds well, especially for people who are keenly looking forward to residing with families and are searching for amenities, such as schools, hospitals, etc. in proximity to their homes.

While the price range for apartments in Mira Road ranged from Rs 7,270 to Rs 10,250 per Sq. Ft., the average price of the multistorey apartments hovered around Rs 8,800. The average price for builder floor apartments, on the other hand, stood at approx. Rs 7,880.  Albeit being one of the high-priced locations over the last few years, Mira Road has remained on the homebuyers' list in spite of exorbitant property prices.

4.  Attapur (Hyderabad)

If there is one city, which has emerged and capitalized on the land resource, it's undoubtedly Hyderabad, more specifically the locality of Attapur in Hyderabad. In the past few years, Attapur has grown by leaps and bounds, recording significant growth for the residential as well as the commercial sector.  

One of the main underlying reasons why the area has emerged as one of the top destinations is its hustling and well-connected neighbourhood. Developed along the PV Narasimha Road Expressway in the south zone, the region offers an excellent link to the central zone along with prominent localities, such as Mehdipatnam, and Tolichowki to name a few.  

Adding on, leading IT/ITES and big corporate giants also have their offices in Begumpet and HITECH city which is only about 13 Km away from Attapur. With that being said, it is also well understood that housing demand in Attapur is largely influenced by the preferences of the working population in these business hubs.

In view of price trends, despite the prominent development taking place in Attapur, the location still provides its home buyers with a variety of offerings in affordable and mid-segment housing. In Q1, 2022, approbating the same, the average price for apartments was pegged around Rs 4,850 per Sq. Ft. 

 

5. Virar West (Mumbai Metropolitan Region)

One of the developing suburbs in the Konkan region of MMR, Virar West is known among homebuyers for the availability of a wide range of properties in the mid-segment as well as premium segment. With the influx of luxury projects and leading developers in the area, the landscape has evolved significantly over the years. Owing to its better connectivity through the western line with major employment hubs in Goregaon, Andheri and Malad, the demand for property has also gone up in the past few months.  

 

Taking into consideration that Virar West has a promising social and physical infrastructure, along with the upcoming affordable housing locality in the pipeline, the region is expected to witness a new phase of growth and enhanced connectivity in the upcoming months. While leading builders are Rustomjee, Cosmos and Bhoomi, as of now, more new players are also expected to venture into this prime residential location.

From the perspective of property prices, in the first quarter of 2022, the average price for multistorey apartments hovered around Rs 5, 350 per Sq. Ft, whereas for builder floors the estimated average price was Rs 4,900 per Sq. Ft. 

Locations Offering Affordable and Mid Segment- Most Searched

If one closely looks at the exhaustive list collated above based on the online search demand in the first quarter of 2022, undeniably locations with affordable and mid-segment housing can be seen driving the demand trends at large. The other most searched locations are Naigaon East (MMR), Nalasopara West (MMR), Dhanori (Pune), and Sector 73 (Noida) to name a few.

In a nutshell, as luxury, space and comfort remain the top preferences of a large chunk of buyers, a heightened prioritisation of the peripheral locations in proximity to industrial hubs can be seen over the ones in Central business districts. Therefore, the huge spike in demand for homes in such locations.

However, with the revised repo rate in place and its anticipated impact on lending rates across the country, the realty segment is up for revision. Due to the same factors, the demand-supply dynamics can also be expected to change substantially in the upcoming months and so the inclination of home



More Articles

In Brief

The revised income slabs are awaited to come into effect with the upcoming draw of around affordable homes by MHADA in the Mumbai Metropolitan Region.

 

The Maharashtra government has revised the income slabs- a criteria to adjudge who's eligible to purchase affordable homes constructed by the Maharashtra Housing and Area Development Authority( MHADA).

In an announcement issued on May 14, the Maharashtra housing department said that the yearly income slab for the economically weaker section( EWS) has been increased to Rs 6 lakh for those living in Mumbai, Pune and Nagpur Metropolitan Region, and Rs4.5 lakh for the rest of the state. previously, the earnings slab cap for the EWS order was a yearly family income up to Rs, or Rs 3 lakh a year.

For the lower-income group or LIG section, the yearly income limit was raised to Rs 9 lakh for Mumbai, Pune and Nagpur Metropolitan Region and Rs7.5 lakh elsewhere, going up from Rs 25,001 to Rs 50,000 monthly income( upper limit of Rs 6 lakh a time) for the entire state. Further, the income slab for middle- income group( MIG) families, which was Rs to Rs a month( upper limit of Rs 9 lakh annually) for the entire state has been revised to over to Rs 12 lakh statewide.

Families earning a yearly income of over Rs 12 lakh fall in the families earning an yearly income of over Rs 12 lakh fall in the high- income group( HIG) bracket, over from the Rs 9 lakh limit before. There's no upper limit set for HIG order.

The revised income slabs are expected to come into effect with the upcoming draw of around affordable homes by MHADA in the Mumbai Metropolitan Region. The last revision of income slabs was accepted in 2016 citing the need to match the income limits defined by the Union government under the Pradhan Mantri Awas Yojana( PMAY) scheme.

In addition, the carpet area for affordable homes has now been defined as up to 30 square meters for the EWS category, up to 60 sq m for the LIG category, up to 160 sq m for the MIG section and up to 200 sq m for HIG families.

Interestingly, those who fall in the EWS segment can apply for houses in all orders, if they can go the similarly advanced prices followed by LIG for MIG and MIG for HIG order apartments.

The new announcement by the Maharashtra casing department was needed by the fact that the area stipulated in each slab under PMAY was larger than under the state’s regulations indeed as average income in the state was above the public average. Economic Survey 2020- 2021 revealed that not only was the per capita income in Maharashtra advanced than the each- India figure, the gap with the public normal was wider when it came to the Mumbai Metropolitan Region.



More Articles

In Brief

Ten days are dedicated to celebrating Lord Ganesha's love As Ganesh Chaturthi. it's also known as Vinayaka Chaturthi or Vinayaka Chavithi in popular culture. This festival is usually observed when beginning a journey because it is said that worshipping Lord Ganesha will remove all obstacles in the way of achievement.  Some financial Tips from 2022 Ganesh Chaturthi are listed below:

Importance of 2022 Ganesh Chaturthi for Property Investment In India 

 

1-Ganesha's large ears represent the strength of alertness.

Uncertainty and loss would result from the blind investment always. Be open-minded and attentive to all news, announcements, changes in policy, and real estate market movements. This would facilitate your real estate search.

2-Take action.

Taking the action isn't too late. Start today itself if you haven't already taken steps toward realizing your financial goals. Take action immediately to secure your financial goals because Ganesh Chaturthi is widely known for beginning a new adventure. this might be accomplished by setting aside the same sum of money each month. It is often used as a mutual fund investment strategy or as a recurrent investment. this may enable you to realize your aspirations, like purchasing a home.

3-Save money.

We all know that the mouse is Lord Ganesha's chariot. The mouse is comparatively small compared to the size of Lord Ganesha. This characteristic teaches us to utilize every resource we've to its fullest, regardless of how small. We shouldn't make impulsive purchases. we'd like to be patient, question the property, then make a decision. We should be able to distinguish between our necessities and wants. rather than spending money on things we want, we should always buy things we need. this may enable us to obtain more funding.

4-The meaning of Ganesha's tusk is to utilize all available resources.

Do you reminiscence the little background to Ganesha's tusk? Lord Ganesha shattered his tusks to complete the work of keeping his promise to write continuously, earning him the moniker Ek Dunt. From this, one should find out how to utilize his or her resources the most.

5-Ganesha's large trunk represents the capacity for flexibility.

Develop patience and make sure that your investment option can be corrected to meet both your long- and short-term financial goals. Ganesha's lengthy, multifunctional trunk has the strength to smash slightly of coconut as well as bring down large tree limbs. Make your investment flexible to your available income within the same manner.

Conclusion. 

There will be good times and tough times in your investment journey, from the attitude of financial planning. As a result, you want to be ready and adaptable enough with your investments to take into account the shifting market conditions. Your financial strategy should be strong enough to face up to difficult times and produce the best returns during favourable market conditions. Consider these significant investment lessons from Lord Ganesha as you celebrate Ganesh Chaturthi this year and begin down the road to riches.

Happy Ganesh Chaturthi!



More Articles

In Brief

Navi Mumbai is a planned township of Mumbai. It was developed in 1972 as a new civic township of Mumbai. It's one of the world’s largest planned new metropolises that was conceived as a satellite megacity to relieve the strain on Mumbai. The City and Industrial Planning Corporation of Maharashtra( CIDCO) is responsible for both its planning and perpetration. To minimize trip distances the megacity is developed on nodal patterns, analogous to the cities of Mumbai. Hence it is the best time for Investment In Navi-Mumbai.

Here are the top 5 places to invest in Navi Mumbai for a higher return on investment

 

1-Panvel

Panvel is one of the most affordable places to invest in Navi-Mumbai. Panvel Located at a distance of 35kms from the Mumbai metropolitan region, Panvel is becoming a highly populated place. The location is the biggest advantage it is located between Mumbai and Pune. The real estate in Panvel is booming after the announcement of the proposed Navi Mumbai international airport in 2010 now it is in the finishing stage. because of the Navi Mumbai international airport the property prices are doubled now.

Social Infrastructure In Panvel: There are major educational institutes situated at Panvel Navi-Mumbai these include MGM College of Engineering and Technology, Mahatma Phule Arts, Science, and Commerce College, Pillai College of Education, etc


Connectivity: Panvel is directly connected to the Mumbai-Pune Expressway, Highways that pass through Panvel include the National Highway (NH) 4 and NH 17. The Centre Of Mumbai Chembur Is 25 Mins Away From Panvel one of the most affordable project Arihant Aspire by Arihant Superstructures Pvt Ltd it is situated at palaspe phata Panvel

2-Taloja

Taloja is situated near the old Mumbai-Pune express highway Taloja is rapidly transforming into a vital residential destination in Navi Mumbai. The newest development of the City and Industrial Development Corporation of Maharashtra (CIDCO) provides 24*7 power and water supply, and therefore the development of an overbridged to improve connectivity with Kharghar has propelled realty growth here.

Taloja Located along National Highway (NH) 4, Taloja has direct road connectivity with the Sion-Panvel Highway, Panvel, and Dombivli-Kalyan, which makes traveling to Mumbai, Pune, and Thane quite convenient. Taloja is the best option to invest in property. The best project to invest in Taloja is Arihant Aakarshan By Arihant Superstructures Pvt Ltd One Of the reputed developer of Navi Mumbai.

3-Seawoods

Seawoods is a planned and posh locality of Navi Mumbai, L&T initiated the project not only to station but also to develop an iconic Mall & Lifestyle hub with world-class services and facilities.
Hence it is created a massive increase in demand for both residential and commercial properties in seawoods darave Navi Mumbai
The luxurious project offered by L&T In the heart of Navi-Mumbai Seawoods. L&T Seawoods West Square Luxurious 2 & 3 BHK Starts at 2.10 CR* Onwards

4-Vashi

Vashi is a well-planned locality in Navi Mumbai Vashi is situated at the heart of Navi Mumbai conveniently placed along the Mumbai-Pune Highway. Vashi is closely connected to the sanpada, kopar khairane, ghansoli, airoli, and CBD Belapur, it is also easily accessible from Mumbai. The locality boasts a mix of quality residential as well as commercial complexes. One project that offers amazing amenities: Godrej Bay View Vashi

5-Ulwe

Ulwe is developed and maintained by CIDCO. Currently, property rates are increasing due to the development in ulwe and its proximity to under-construction Navi Mumbai airport. a coastal road is also being proposed near ulwe, and a railway is also running up the connectivity
The huge population is leaning towards ulwe and adapting their permanent home. it won't be wrong to say that ulwe will be the next Belapur of Navi Mumbai. Hence Ulwe is the best investment opportunity for investors to get higher returns in the future.
 



More Articles

In Brief

Residential Vs Commercial Real Estate Investment

There are various advantages and disadvantages of real estate investment. Most of people do not understand the differences between residential & commercial real estate they focus more on one realty investment. Let’s find out which investment is beneficial.

Real estate investment has come to become a necessity and a status symbol in the contemporary era. Henceforth, investing in real estate has become one of the most prioritized and complicated aspects of lifestyle. An individual who invests in real estate is commonly known as a real estate entrepreneur or a real estate investor. It refers to anyone who actively invests, purchases, rents, or leases a property in return for profit. Real estate investment involves several different types and here two of them namely, residential and commercial will be discussed. When invested properly, real estate can provide maximum profit at a very minute chance of risk.
Residential real estate involves any type of real estate where the property is on sale or rent for residential purposes. Flats, condos, vacation homes, etc. are all examples of residential real estate where people live. The landlord must manage everything from mortgage to renovations or hire a manager to take care of those aspects. The individual renting out the property must also keep in mind the factors involved in the profitable sale of the property. If the cost is too high for the offered services, it would probably attract fewer customers. On the contrary, if the property is undervalued then the owner is just leaving money on the table.
Commercial real estate investment refers to the concept where a property is rented or leased by a business. Office buildings and strip malls are good examples of this type of real estate. Industrial and retail real estate also fall under the category of commercial real estate. Industrial real estate involves property affiliated with the manufacturing of products like factories and warehouses. Retail real estate is where we find distributors selling the products. Commercial properties tend to have greater long-term profit for the owner and also command longer leases. The prices of management and maintenance also tend to be higher compared to residential properties.
Real estate investment has its advantages and disadvantages. It helps diversify assets, great inflation hedge, saves income tax, provides leverage, and so on. On the other hand, one must also look out for the disadvantages of real estate investors like the high cost of maintenance, and finding suitable tenants, the market price of the property may go down if the market condition isn’t doing well. This proves there are several factors involved in such investment which may not directly be linked to real estate but still has an effect on the business from the outside.

For example, if a person buys a residential property 3 BHK in Aerospace park Bangalore it will cost him 74.99 Lacs*-78.99 Lacs* after that he/she will get rent around 30,00/- to 35,.000/- so per year rent received around 4,20,000/- in addition to this rent is depend on many factors like nearby amenities, proximity to the major shopping malls, hospital, offices, etc. the rent is generally increased by 8 to 10 present per annum. The best investment option in Aerospace park Bangalore: Godrej Ananda 1/2/3 BHK Starts from 26.99 Lacs* Onwards


In the case of commercial property investment it will cost you around 5-6 Corers In a prime location can get you up to 15-20 Lacs* annual rent lease is fixed for a longer term, and there is no increment every year like in the case of a residential property. Also, the potential for upside in rent is limited since the rent is already at the higher end.

Commercial or residential, it is important to know that either way, one has to be very careful and consider several factors before investing as the profit may incline either way depending on aspects like market, convenience, purpose, location, and cost. Properties depending on their characteristics are favored by various set factors unique to the particular property. Therefore, it is difficult to categorize them into strict divisions, but they can be understood with the help of the most visible features and requirements of the tenants.



More Articles

In Brief

Are you planning to move to your own house or buy a second one? Many homebuyers consider the festive season an auspicious time to buy a house.  Real estate as an investment asset class has innumerable benefits if the right location, right developer, and therefore the design elements are chosen.  The festive season of Dussehra and Diwali is considered auspicious for making investments.  

Mostly driven by three reasons:  

1)  it's  seen as an auspicious time to invest in something valuable;  

2)  it's  also a time when new building projects are undertaken;  

3) property developers are known to launch interesting offers and schemes to attract buyers for their projects during the festive season.

Buying a second home is sensible right now as developers offer discounts and other exciting offers during the festive season. Maharashtra is already witnessing a significant change in demand with the Ganpati festival in other domestic markets like Panvel, Alibaug, Lonavala, etc. Meanwhile, Goa, Sindhudurg, and other major markets like Konkan, Nainital, Dehradun, etc also are enjoying strong demand. the markets of the South like Ooty, Nandihills, Bannerghatta, Vizag, etc. also are witnessing a pick-up in demand.

“Developers and/or financial institutions work closely with irresistible deals and offers that help many fence-sitters to close the deal as well as capitalize on high demand to accelerate sales.  

For this, it becomes imperative that the investment objective is obvious,  like whether the investment is for recurring rental, appreciation, holiday living or retirement home,” said Ashwinder R Singh, CEO Residential, Indian Urban

real estate sector has made a tremendous comeback after the pandemic. This trend seems to continue gaining momentum during the upcoming festive season when buyers tend to invest in properties because it is considered to be an auspicious period for home buying.

“Another major factor driving people to buy homes today is their experience during the lockdown when we were restricted to staying within four walls. It made us rethink our priorities, and thus owning a home has gained importance  because it  spells comfort and security,

if you planning to buy a home in this festive season and you are from Navi-Mumbai then you can consider the Arihant aspire project it has 25+ amenities and seamless connectivity and it is located in the heart of Navi-Mumbai

if you are from Bangalore and looking to invest in this festive season you a consider the below options  

Godrej Ananda which is located at aerospace park Bangalore   

Godrej Splendour is located at Whitefield Bangalore  

 



More Articles

In Brief

Most prominent luxury housing markets witnessed double-digit growth in rentals in the last two years:

Average monthly rentals in posh residential colonies across seven major cities rose 8-18 percent in the last two years, while capital value appreciated by 2-9 percent. It is noted that the demand for luxury residential properties -- for buying and renting -- in upscale colonies has increased across the seven cities namely Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, and Pune.

Average monthly rent for 2,000 square feet apartments in selected luxury locations of these seven cities. 

As per the data, Mumbai's Worli saw the highest rental growth of 18 percent to ₹2.35 lakh per month per apartment from ₹2 lakh per month in 2020 for luxury homes of 2,000 square feet area. Bengaluru's Rajaji Nagar witnessed the highest capital appreciation of 9 percent with the average price increasing to ₹6,200 per square foot in 2022 from ₹5,698 per square foot in 2020. "Most prominent luxury housing markets witnessed double-digit growth in rentals in the last two years,"

"Pre-COVID, average 2-year luxury rental increases at a given time were largely single-digit, between 5-7 percent," he added.  tenant preference has tilted toward large-size homes after the second wave of the pandemic. As per the data, the average monthly rentals in JP Nagar, Bengaluru rose by 13 percent to ₹52,000 per apartment of 2,000 square feet area in 2022 as against ₹46,000 in 2020. Capital value increased 9 percent to ₹6,200 per square foot.

At Rajaji Nagar in Bengaluru, the average monthly rent rose by 16 percent to ₹65,000 for a 2,000 square feet area from ₹56,000 in 2020. The capital value grew 5 percent to ₹13,900 per square foot. In Chennai, the average monthly rent in Anna Nagar rose 13 percent to ₹63,000 for a 2,000 square feet luxury flat from ₹56,000. Capital prices increased by 5 percent to ₹11,850 per square foot from ₹11,300 per square foot.

Similarly, in Kotturpuram, the average monthly rent rose by 14 percent to ₹84,000 for 2,000 square feet flat from ₹74,000 in 2020. Capital prices rose by 4 percent to ₹14,000 per square foot.

Average monthly rent in the luxury residential hotspot Jubilee Hills, Hyderabad rose 15 percent to ₹62,000 for 2,000 square feet flat in 2022. Capital value appreciated 6 percent to ₹7,400 from ₹6,950 per square foot. HITECH City in Hyderabad saw an average monthly rent increase of 11 percent to ₹59,000 for 2,000 square feet each apartment. The increase in capital prices was 7 percent to ₹6,100 per square foot.

In Kolkata, the average rent in Alipore rose 8 percent to ₹65,000 for a 2,000 square feet apartment in 2022 against ₹60,000 per month in 2020. The capital prices increased by 4 percent to ₹13,500 per square foot.

At Ballygunge, the average monthly rent rose 10 percent to ₹97,000 for a 2,000 square feet area from ₹88,000, while the capital prices were up by 3 percent to ₹11,700 from ₹11,350 per square foot.

In MMR, the average monthly rent in Tardeo rose 15 percent to ₹3.1 lakh for a 2,000 square feet area from ₹2.7 lakh. The capital prices increased by only 3 percent to ₹43,000 from ₹41,862 per square foot in 2020. Worli, average rentals increased 18 percent to ₹2.35 lakh per month for 2,000 square feet flat from ₹2 lakh per month in 2020. Capital values saw a mere 2 percent rise to ₹39,350 per square foot from ₹38,560..

In Delhi-NCR, the average monthly rent in Golf Course Road increased by 11 percent to ₹78,000 for 2,000 square feet flat from ₹70,000 in 2020. Capital values saw a mere 3 percent rise to ₹13,500 from ₹13,150 per square foot.

Likewise, Golf Course Extension Road saw the average monthly rent increase by 12 percent to ₹56,000 for 2,000 square feet flat. The capital prices rose 5 percent to ₹8,700 from ₹8,300 per square foot in 2020.

In Pune, the average monthly rent in Koregaon Park rose 14 percent to ₹68,000 for 2,000 square feet flat from ₹59,500 per month in 2020. The capital prices increased by 4 percent to ₹11,600 per square foot.



More Articles

In Brief

Under-Construction Vs Ready-To-Move-In Property What is the right choice for you?


Our way of life has changed significantly since the COVID-19 pandemic, which has had an enormous impact on our home-buying decisions. The pandemic has highlighted the worth of owning a home rather than renting one. In these uncertain times, owning a house is connected with a sense of protection and safety. However, when it involves purchasing a home, should a buyer choose a ready-to-move-in home or one that is still under construction? Choosing between a property that's ready to move and one that is currently under construction is a difficult decision for almost all prospective home buyers. Because both of those property categories serve and fit different aims and intentions, it's essential to fully comprehend their benefits and drawbacks. There may be a ready-made guide to aid your decision-making. 

What is an under-construction home?

A project that's still in the development stage is said to be under construction. As a result, the customer must wait a few years before getting possession of the such property. Such projects have a high likelihood of experiencing price growth as a result of future development.

The pros and cons of under-construction property

For people that are not end-users but rather invest in properties for returns, an under-construction house is always a superior choice. the value of an under-construction home rises as it progresses through the phases of completion. The difference between launch prices and prepared possession prices of such a property is quite significant. the best price quantum leap occurs when the buyer gets possession of the flat. Therefore, if a housing unit during this category is reserved at an early stage and subsequently sold off just before taking possession, it'd generate very large financial returns for property investors.

Properties under construction have more flexible pricing choices, like periodic payment plans and several enticing offers, making them cheaper than ready-to-move-in houses. When all other parameters like location, size, and amenities stay constant, a property under construction is usually somewhat less expensive than a completed home with the same qualities. Pricing differences might range from one-ten to thirty percent or more.

The possibility of the builder defaulting is the most obvious disadvantage of purchasing an under-construction property. The builder may cause prolonged delays or failure to finish the project, potentially leading to significant financial losses to property buyers. A delay in taking ownership of the property can also occur as a result of legislative changes that impact the real estate industry, variations within the supply of raw materials like cement, and unfavorable socioeconomic or political circumstances just like the Covid-19 pandemic.

What is a ready-to-move-in home?

A property that has finished construction work and is consequently ready for immediate occupancy is mentioned as being "ready to move in." As a result, the customer need not be concerned about the possibility of occupancy delays.

The pros and cons of ready-to-move-in property

The main advantage of a ready-to-move home is that you know exactly what you're getting. Before investing money in a ready-to-move home, the homebuyer can check the development quality. Additionally, the customer can check to his satisfaction that the housing unit exactly matches the characteristics and services listed in the sales brochure by the real estate developer. Before you sign the contract, the prices are transparent from a financial standpoint. you're aware of the full expense of owning and residing in the property. These cover EMI costs also as maintenance fees and other extra expenditures. you're told the specifics of these in advance. Additionally, ready-to-move-in properties allow you to save lots on GST. After completing the payment procedures and documentation, you'll move into the flat and enjoy your new lifestyle.  

One of the biggest disadvantages of purchasing a ready-to-move-in property over an under-construction one is the massive cost. the value difference could range between 20 and 30 percent. it's quite simple for a property that is still under construction to monitor the progress of the project and learn about the construction's quality, including the materials used, the steadiness of the foundations, etc. However, you can't undertake such an inspection in a completed flat. 

Purchasing a ready-to-move-in property doesn't always guarantee a brand new home, as does purchase an under-construction property.  The apartment you bought may be on the market for a long time. Therefore, if it hasn't been properly maintained, it could appear old. 

What is the right choice for you?

The buyer must understand the goal of the purchase in order to make the right choice between a ready-to-move home and an under-construction property. If you're an investor, an under-construction range in Mumbai, Bangalore & Ahmedabad could be the best option for you. although the capital value is lowest during the construction period, it rises because of the work advances. For those seeking immediate possession, a ready-to-move-in apartment is acceptable. However, you'll choose under-construction projects if your goal is to live there in the future because they are generally less expensive, leave more customization, and are more flexible. Although purchasing a home is often a risky business, doing all of your homework and considering your long-term financial goals will help you make a smart decision.

 

Points to stay in mind when investing during a ready-to-move-in or an under-construction house

  • Determine your whole allow the purchase of the property and make sure your finances are in order in advance.
  • All required licenses and approvals should be in situ for the property.
  • To determine the project's viability and quality, all information referring to the other parties involved (such as banks, advisers, etc.) should be gathered.
  • According to your normal commute requirements, choose the acceptable location.
  • Buyers should search for reviews about the project, developer, and locality on the web and on social media.

 

If you are looking to invest in an under-construction home the below-mentioned projects could be the best option for you.

Godrej Splendour At Whitefiled Bangalore.
Godrej Park Retreat At Sarjapur Bangalore.
Godrej Anand At Aerospace Park Bangalore.
L&T West Square At Seawoods Navi Mumbai.

If you are looking for a ready-to-move-in home then the below-mentioned projects could be the best option for you.

Hiranandani Castle Rock At Powai Mumbai.
Vasant Oasis At Andheri Mumbai.
Runwal My City At Dombivali Thane.
Paranjape Blueridge At Hinjewadi, Pune



More Articles

In Brief

Buying a house remains a dream for many. People not only invest a humongous deal of money but also time and effort. Before purchasing a home, families consider a variety of possibilities. Are the schools and colleges in close proximity? Is the neighborhood safe? Are there any hospitals nearby? But these are very basic necessities to look out for. People need more than just that. A gym, an amphitheater, a jogging park, and a swimming pool are the modern conveniences all are interested in. Why not have all of these and more? Read on ahead to know the top 5 best projects in Mumbai Including Navi Mumbai one should definitely not miss.

 

Chandak Greenairy (Borivali East)
By Chandak Group 

Chandak Group Known for building premium and ultra-luxury apartments in Mumbai, the Chandak Group has launched a new project named “Chandak Greenairy” – a twin-tower residential & commercial development in Borivali East, Mumbai. Spread across the land of 3 acres, the Chandak Borivali features premium 1 & 2 BHK spacious homes offering you exotic views from the balcony & provides you care & comfort at every corner of the room. Nestled near nature, Chandak Borivali sprays a daily shower of natural sunlight, speedy winds, and the sweet chirping of birds to make you relax and rejuvenate with your loved ones. Surrounded by the lush green, the new Chandak Borivali offers you an ample amount of state-of-the-art amenities like a swimming pool, gymnasium, basketball court, skating rink, and many more.  Build with high-end construction materials, Chandak Group welcomes you to well-ventilated homes to make you energetic every day. Located in the western region of Mumbai, Chandak Borivali makes close proximity to nearby hospitals, city malls, IT offices, and many more.  

Amenities of Chandak greenery project

  • Bang On Western Express Highway Project
  • Naturally Themed Podium Gardens
  • Kids Play Area
  • Foam Pit With Rock Climbing Wall
  • Mini Boxing Ring
  • Swimming Pool
  • Banquet Hall Library And Working Areas
  • Indoor And Poolside Café
  • Indoor And Terrace Gym
  • Barbeque Deck

 

L&T 77 Crossroads (Ghatkopar East)
By L&T Realty.

L&T 77 Crossroads is that the place to be if you’re looking for a dynamic home to complement your dynamic urban lifestyle. The ultra-modern apartments in 77 Crossroads, Ghatkopar are located within the heart of Mumbai and provide you with unparalleled access to many of the city’s most iconic spots. Uniquely designed homes boast great use of space that creates it both exceptionally stylish as well as functional. L&T 77 Crossroads are going to be ideal for those who wish to spend less time in traffic and more time with their families. L&T 77 Cross Roads Ghatkopar is Spread Across an extended land parcel of two .65 acres. L&T Realty adds four magnificent towers within the new launch project to its staggering portfolio.  L&T 77 Cross Roads is found at Ghatkopar East, Chembur, and furnishes the best-in-class luxury homes at unbelievable prices. The newly designed homes are contemporary in fashion and equipped with the newest tech keeping you safe and soothing you from the hustle of your daily schedule. 

Amenities of 77 crossroads projects  

  • Kid's Play Area
  • Banquet Hall
  • Gym
  • Landscaped Garden
  • Party Hall
  • Swimming Pool
  • Mini Theater
  • Art Gallery

 

L&T Elixir Reserve (Powai)
BY L&T Realty 

L&T Realty Presenting Elixir Reserve in Powai, 18 Story Tower. the project spread across 19 Acres L&T Realty’s latest offering creates an ambiance befitting its name. This wonderland is surrounded by a forest, a lake, and a hillock and is a fusion of man’s quest for the highest luxury and nature’s bounty. To complement the natural flow of the landscape, we have crafted luxury flats in Powai that will elevate your living experience. A best-in-class product from a top home automation business that ensures the greatest degree of protection using cutting-edge technology.

Amenities in the  L&T Elixir Reserve (Powai)

  • Multi-purpose court
  • Jogging track
  • Kid’s swimming pool
  • Yoga and meditation zone
  • Open party lawn
  • Children’s play area

 

Sheth Vasant Oasis (Marol Andheri)
By Seth Creators 

Andheri, a rapidly developing suburb, is a hub that connects various locations within Mumbai and links Mumbai to other cities, countries, and continents. A locality offering residential and corporate spaces to different sections of society, a destination that takes care of all religious, educational, health, and entertainment needs. Sheth Creators has now added to the absoluteness of this quintessential location by developing a lavish residential township here.  Paying heed to the needs of the connoisseurs of fine living, we have designed a landmark that will allow them to experience luxury in its true form. Located at Marol, the property is near the Western Express Highway (5mins), JVLR (15mins), and Andheri Railway Station (20 mins) - ensuring smooth connectivity across the city.  It is also close to the top schools, hospitals, the International Airport, and commercial hubs such as MIDC, SEEPZ, BKC, and Sakinaka. Overall, The Peak by Vasant Oasis brings a world of ultra-luxury and an exclusively elite lifestyle - only for the privileged few!

Amenities In The Vasant Oasis 

  • Outdoor Lounge Chairs
  • Squash Court
  • Badminton Court
  • Game Room
  • Gymnasium
  • Kids Play Area
  • Mini Theater
  • Multi-purpose hall 
      
    Lodha Signet Vikhroli
    By LODHA

    Created for people seeking a lifestyle far above the ordinary, Lodha Vikhroli Project brings together the finest that nature and man can provide. Panoramic views, exceptional landscaping, stunning architectural design, world-class amenities, and luxury-filled residences.

Lodha Vikhroli's new launch residential housing project in Mumbai. It is A Premium Residential Property of Lodha projects Situated in Vikhroli. Discover Truly Connected Living At Vikhroli Lodha Property With Just 20* mins from Vikhroli Station. 10 Acres Of Development | 3.3 Acres of Residential | Spacious 2 BHK Apartments with balcony
 

  • Large landscaped plaza
  • CCTV Monitoring systems
  • Floor-to-ceiling windows
  • Vaastu compliant layouts
  • Advance fire fighting system
  • Elegantly designed lift lobbies
  • Washroom unit in every office unit
  • Grand Triple Height Entrance Lobby.
  • Ample Car Parking
     



More Articles

In Brief

In India, picking the right and auspicious dates is crucial, particularly before making a huge decision or before making a big move. One of a person's most significant decisions is whether or not to buy a property. It results from years of trouble, sacrifice, and uncountable hours of labor. According to the Hindu timetable, the month of Ashvin is amazing for fortifying long-term commitments; thus, now is the ideal time to consider buying real estate for Dussehra. India is known for its diversity of religions, rituals, and beliefs that accompany it. A temporal state generally Hindu, near 80 of citizens of India identify as Hindus. As a Hindu holiday, the celebration of Dussehra commemorates Lord Ram's win over the Demon King, Ravana, and the noble palm of good over wrong. therefore it's believed that triumph will restate into seasonable beginnings and bless people with good luck. Dussehra, which commemorates the triumph of good over wrong, is observed on the tenth day of Ashvina( Sept-Oct), the 7th month of the calendar followed by Hindus, at the time of the full moon, much known as the" bright fortnight"( Shukla paksha). The nine-day Navratri festival ends on Dussehra, which also falls on the 10th day of the Durga Puja holiday. Many people start getting ready for Diwali, 20 days following Dussehra. The festival of Dussehra celebrates Lord Rama's win over Ravana, the ten-headed demon king who kidnapped Rama's wife, Sita, a Vishnu avatar.

Significance of Dussehra

Dussehra is often regarded as one of the most fortunate days for starting a new interest or thing. Bookings for apartments commonly begin around this time and last through Diwali. People await until Pitrupaksha, a 16- day period during which they perform shradh for their ancestors, is through before making any opinions regarding investments or the purchase of the real estate. Even though Dussehra appears to present an occasion, many homebuyers also suppose it brings luck and success. The following are reasons supported by beliefs for considering new investments in Dussehra Because it represents fresh starts, Dussehra( also known as Vijayadashmi) is a lucky day. It's allowed to bring in" Vijay," or palm; thus, making a new investment by buying property or launching a new business is regarded as profitable as riches and happiness are likely to develop if any long-term acquisition is made the day. Because new projects and investments launched on this lucky day are believed to produce favorable consequences, it's regarded as sacred. House purchasers admit special offers.

The purchase is driven by the joyous positive associated with happiness. It's the primary motivation for the investment. Every time, Dussehra inspires expedients for the coming trials and pretensions by bringing numerous people's dreams of new homes to life. Why do People Believe that Dussehra is Auspicious of Property Purchase? The festival of Dussehra is quickly approaching, and the joy of spending time with loved ones while enjoying sweets and dinners also brings the excitement of important purchases. 

The holiday of Dussehra promotes the purchase of property, new business gambles, and other investments. Purchases made on a prosperous day, similar to Dussehra, are allowed to boost the buyer's trust and produce a successful investment. also, beginning a new task on a special day increases the likelihood of success and substance. According to rumors, many people stay until the Dussehra festival arrives in India to launch a new business or make an investment. Every time, property bookings increase around the time of Dussehra. 

Check Out The Best Properties To Buy During Festive Season. 

Properties In MumbaiProperties In Pune Properties In Navi Mumbai Properties In Bangalore Properties In Chennai Properties In Hyderabad Properties In Kolkata Properties In Ahmedabad Properties In Thane Properties In Delhi 

Investing in Property & Prosperity

Aspects like proactive customer engagement, erecting quality on the project status, and timely project developments are increasingly getting key decision considerations in the home-purchasing environment. Because Dussehra is regarded as a lucky festival and significant for buying property, there's real growth in demand and affiliated businesses. Buyers are drawn to a property's position, the slice-edge amenities supplied, and elements like current and future structure, transportation connectivity, etc., on top of the different festive offers and bonuses. Around festival time, property selling values increase due to the various festive benefits and perks provided. 

For increased valuation and lower monthly expenses, buyers must also consider that older residents are now available for sale in the location. client relish for inventors with an excellent track record of delivery in history, integrity, and fiscal stability is an important trend. Check Out the Best parcels to Buy in Various Cities in India this gleeful Season Around the occasion of Dussehra, a variety of offers are generally presented. Rents that are guaranteed, buy-back options with charming interest in the event of cancellations, mortgage loan interest subventions, remitted payment plans, each-inclusive pricing that covers amenities, parking, and clubs, price reductions for floor rises, payment of registration fees, or other statutory costs, or both, and gifts like passages, buses, bikes, or gold coins are all possibilities. These are only a small number of the enormous number.

For first-time buyers, during similar gleeful deals, utmost plans and offers frequently tend to lower the overall cost or give a benefit of 5 to 10 of the total purchase. While it's important to consider the advantages these vacation abatements and offers offer, it's indeed more important not to decide to buy only them. 

A demand for Diligence 

Experts advise that Dussehra is the time to start your exploration if you plan to invest because inventors generally offer numerous deals over the vacation season. still, one should conduct the right fiscal exploration before deciding on similar charming offers. Real estate is an expensive investment that thorough market analysis should support. Offers shouldn't be the foundation for deciding how to spend your life's savings on a project. The house you are purchasing should be an investment.

Conclusion

Investing during Dussehra is predominantly motivated by the good associations and sentiments connected to the transaction. Every year, Dussehra fulfills the hopes of brand-new homeowners.



More Articles

In Brief

There are lots of common misconceptions floating around out there about real estate agents. Usually along the lines that real estate agents can’t be trusted and that they’re out to take your money. But it pays to look at the facts before you start believing everything you hear. Buyers and sellers often enter the market with misconceptions about real estate agents — how they work, how the process works, and what the broker relationship is all about.

Here are 5 myths about working with both buyers and seller’s brokers.

 

Myth no 1- Real estate agents hide negative points of the property.

Real estate agents are legally required to disclose issues about the property to potential buyers before the sale. If not doing so can land them in court, making them liable for fines and risk losing their professional license. On another hand, an experienced real estate broker knows the rules of the letter and won’t hinder a sale (or their reputation) by hiding information.

Myth no-2 Real estate brokers are not helpful they only think of themselves. Commission

Most people have the misconception, especially in India that real estate brokers are not helpful they just want to close a deal and they just making their commission. But actually, the truth is Real estate brokers are always helpful. Real estate agents possess strong knowledge of their area and the best property options. They can offer you multiple options as per your need. A builder might not give you multiple options and will try to convince you into buying his property. Agents definitely help negotiate the price of the property too, so the brokerage you are paying is worth it, with the entire transaction actually feeling lighter in your pocket.

Myth no-3 Once you start with an agent you can not switch the broker.


This is the common misconception about the broker is that once you start with a real estate agent you can not switch to another real estate broker. The truth is if things are not working out you can say to your broker that things are not going well I am switching to another broker what’s so ever the reason is you can switch your broker in any condition.

Myth no -4 Real Estate Brokers just want to close the deal and disappear.

Yes, it is true at some point real estate brokers want deals and have some business. But on the other hand, it is not true it is actually the opposite, the better service they provide, the more likely you are to recommend him to your other contacts. This increases the chances of repeat business too. A dedicated broker puts in the effort to be the best link between the Buyer and the builder or seller. This actually works in the favor of clients too, because the entire industry mostly works on word of mouth.  

Myth no 5 - Real estate agents have to give me all the information about a neighborhood, especially if it's negative.

Actually, they don’t. It’s up to buyers to do independent research about an area they’re buying into before purchasing. A good real estate agent will recommend sources of information for homebuyers but obviously, it’s not in their best interests to make negative comments about a neighborhood.

It is always a choice of the home buyers whether they want to go with a real estate broker or not if you are searching for a home you can visit propertycloud.in for verified properties 



More Articles

In Brief

Ahmedabad’s property market was already benefiting from proactive reforms and infrastructural development. it is now witnessing rapid evolution.

2021 was a watershed year for the Ahmedabad realty market. the city saw home sales figures increase by a handsome 37%. New housing launches increased by 99% touching a 6-year record as per reports. The sales figures went up to eight,911 units for the year, with a handsome 3,096 units sold between October and December. How did this recovery happen? The COVID-19 pandemic made home ownership a priority for several families, especially spurring them to upgrade their primary home. Working and studying from the comfort of home became a norm together with the need for more space. This led to skyrocketing demand for bigger units in Ahmedabad which remains the most affordable out of India’s top 8 cities. People invested within the gated plot and bungalow communities along with bigger apartments.

Godrej Garden City (Celeste) is located at Jagatpur Ahmedabad Near SG Highway One Of The Best Launch 2022 In Ahmedabad by Godrej Properties The New Launch Celeste by Godrej Properties Premium 2 & 3 BHK Apartments Starts At ₹ 49.5 Lacs* Onwards 

Mega Realty Deals Create a Flutter in Ahmedabad Market

In recent times, a big-ticket deal was finalized, indicating that the housing market in Ahmedabad has shaken off the pandemic blues. a true real estate developer has purchased a plot of 21,000 square yards in Gota. the dimensions of the deal are estimated at Rs. 200 crores and a luxury residential project are anticipated for the near future. The transaction was finalized by Shilp Group. In April this year, a Bokdadev plot was bought for a whopping Rs. 250 crores, where a 30-storied residential project is going to be built.

The Gota plot lies near SG Road and there'll be 3 BHK and 4 BHK luxury units on sale in the area. Shilp Group is already planning approximately 300 units within the project as the plot has a 4.0 FSI (floor space index). The new flyovers and connectivity improvements throughout SG Road have made newer areas more accessible for residents and land prices have also gone up as a result.

Ahmedabad is additionally going to witness the development of the tallest tower in Gujarat, namely a 41-storied commercial venture in proximity to the Rajpath Club. SG Road has already witnessed massive infrastructural upgrades with new bridges and Ahmedabad to Gandhinagar can now be covered in a matter of minutes. the full area is witnessing robust housing and commercial demand alike. Corporate firms have also founded shops along the entire stretch to Sarkhej from Vaishnodevi Circle.

This 41-storied building on SG Road will go up to 1.45 meters. Goyal and HN Safal developers are bucking the trend with this ambitious commercial project which will encompass four years of construction. The plot of 7,000 square yards was purchased sometime earlier by the developers for a record sum. The Gujarat State Government’s incentive for skyscraper development in Ahmedabad, Gandhinagar, Surat, Vadodara, and Rajkot is already paying off. Buildings up to 70 stories can now be built throughout the State with the new provisions of the authorities. Ahmedabad has already witnessed the event of 30-storied residential structures after such rule changes.

This one is going to be the tallest such commercial project in the city. The skyline of the town is in for a massive change if buyers prefer taller buildings. Yet, completion timelines and costs of construction also will be higher for taller structures. The GIFT City is already witnessing a residential tower being built, which will go up to 102 meters. This zone is already home to the GIFT One and GIFT Two Towers which are the tallest within the whole State at 122 meters currently. a billboard tower of 142 meters is already being built in proximity to the Sabarmati Ashram.

Several Ahmedabad realty projects are now being built and have heights up to 100-120 meters. Developers are now aiming for 130-145 meters and enormous skyscraper ventures. Two or three projects are already being built on posh areas along the SG Highway, the fastest-growing Ahmedabad hub for commercial projects. this may drastically shape the skyline of Ahmedabad, befitting its new-found land recovery and status as a major commercial cum residential hub of the country. Experts feel that progressive reforms and Government policies have made Ahmedabad a very global city over the last few years. the town is today home to all major corporates and other big companies throughout the country and even global MNCs. Ahmedabad is additionally aspiring for the development of skyscrapers as a natural progression to its goals to host the 2036 Olympics as per reports.

The new skyscrapers will ensure that global standards are implemented in the Ahmedabad housing market. the planning and construction quality will be enhanced considerably while there will be new infrastructure built for supporting these ventures as well. The growing population and size of the town also necessitate the development of skyscrapers to ensure optimum space and land utilization as per industry experts.



More Articles

In Brief

  • 4.5 Lakh people will get benefits Under PMAY
  • PM Modi to virtually attend the inauguration of the pucca houses under PMAY.
  • The inauguration will happen on October 22, Saturday
  • A total of 35000 CR* is spent under the scheme to construct 29 Lakhs Homes

On the Occasion of dhanteras 2022 PM, Narendra Modi Participated through video conference in "Griha Pravesh" of more than 4.5 lakh PMAY-G beneficiaries in Satna district in Madhya Pradesh and dedicated homes constructed under the PM Awas Yojana (Gramin).

“Under the PMAY-G, in the last 8 years, more than 3.5 crore poor families have got new houses. Our govt is committed to the poor and marginalized. Be it toilet, electricity, water or gas, we have included every facility to cater to their needs in PM Awas Yojana," PM Modi added.'

A total of 38 lakh houses have been sanctioned in Madhya Pradesh under this scheme. A sum of 35,000 Crores is spent on constructing these PMAY houses. In the awe of Dhanteras, fests have made another big reversal for those whose dream of a pucca house has eventually turned hard. It's the same month's third successive corner and a major real-estate sector advance.

The Pradhan Mantri Awas Yojna (PMAY) has become a "major medium for bringing in socio-economic change" in the country, Prime Minister Narendra Modi mentioned during his virtual address.

It's the constant bid of PM Modi to give introductory living amenities, including pucca houses, water connection, electricity, etc. And it'll soon be a reality for these heirs. PMAY scheme has formerly served numerous heirs across India and will continue with the same effect until all the heirs aren't covered in the country.

 



More Articles

In Brief

Owning property has always been the most popular investment option. But there's a limit to the extent of real estate a common man can own - a house, maybe two, a bit of land, a pair of shops.. seems exhaustive already! But these limits are a thing of the past now - because of REIT.

  • A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties.
  • REITs generate a gentle income stream for investors but offer little in the way of capital appreciation.
  • Most REITs are publicly traded like stocks, which makes them highly liquid (unlike physical land investments).
  • REITs invest in most land property types, including apartment buildings, cell towers, data centers, hotels, medical facilities, offices, retail centers, and warehouses.

How REITs Works

Congress established REITs in 1960 as an amendment to the Cigar excise Extension. the supply allows investors to buy shares in commercial real estate portfolios—something that was previously available only to wealthy individuals and through large financial intermediaries. Property during a REIT portfolio may include apartment complexes, data centers, healthcare facilities, hotels, infrastructure—in the shape of fiber cables, cell towers, and energy pipelines—office buildings, retail centers, self-storage, timberland, and warehouses.

In general, REITs concentrate on a specific real estate sector. However, diversified and specialty REITs may hold differing types of properties in their portfolios, like a REIT that consists of both office and retail properties.

Many REITs are publicly traded on major securities exchanges, and investors can purchase and sell them like stocks throughout the trading session. These REITs typically trade under substantial volume and are considered very liquid instruments

In layman's terms, REITs own real estate properties that are profitable- Prominent office spaces pulling in steady rent, Retail real estate, Healthcare, Industrial & Residential properties- and permit you to invest small amounts in them and become a fractional owner.

Sounds familiar? Yes! Put simply, it does resemble what mutual funds do, but in a different sector. Where mutual funds have equity stocks in their portfolio, REITs have land properties in their portfolio. REITs are comparatively new to the Indian market, but they're quickly gaining traction. Like mutual funds which facilitate your investing small amounts of money through them into otherwise expensive blue-chip stocks, REIT solved the complex problem of the overall masses being able to own high-value real estate properties, by now providing a medium for fractional ownership.

What are the Types of REITs?

Mentioned below are some of the commonly available varieties of REITs in India:

  • Equity REITs: These REITs primarily invest in offices, residential complexes, industrial estates, hotels, etc. They buy, manage, set up and sell real estate. The income earned is distributed to investors as dividends. Income is mostly generated through rentals and the sale of properties. 
  • Mortgage REITs: These REITs loan out money to buyers of real estate, and some may even buy out existing mortgages. They are also referred to as REITs. These derive income from the interest received through mortgage loans. They work somewhat like a debt mutual fund, however, the risk component is often higher in REITs.
  • Retail REITs: Retail REITs invest in the retail segment like shopping malls, grocery stores, hypermarkets, supermarkets, etc. However, retail REITs do not run these retail outlets. They only focus on renting out the space to various retail tenants. Returns in this case depend on the performance of the retail sector. 
  • Residential REITs: Residential REITs buy and operate apartment buildings, gated communities, and other such housing establishments. Whenever the residential property demand in India grows, these REITs reflect positive growth.
  • Healthcare REITs: Healthcare REITs invest in real estate for hospitals, medical establishments, health clinics, etc. Since the demand for healthcare services has been on a rise in the last few years, these REITs present a good investment opportunity for investors.
  • Office REITs: These REITs focus on office properties and earn rental income.

This is all the basics of what is REIT - decoded for you. Hope this helps you understand that this new - and seemingly obscure concept - is really quite easy. However, there are still several technicalities - the taxation in REIT, the minimum investment in REIT, the main players in REIT & more that you would need to explore. All of those blogs will be uploaded soon. Stay tuned - we are visiting to simplify all of REIT for you!



More Articles

In Brief

Saving is human nature. whether it's "saving money" or saving up for other things. saving money while buying homes is intelligent indeed, here are the top five ways to save money while buying a home in 2022.

1- Set Up Your Budget 

setting up your budget will help you achieve your saving money goal. build a chart for all your spending then check what are your main needs. while saving money only focus on your basic and urgent needs. Search for a place where your budget and necessity fit. stick to your budget you will find a home eventually. make sure that your spending goal can take care of before head. installment.

2- Search For Under-Construction Projects 

As compared to ready-to-move-in projects, under-construction is inexpensive. but be aware of scams or builders' gaslighting. buying homes under under-construction can be cheaper but you have to wait for it carefully check if your wait is worth it or not. some important things to search- track records, check builders' previous projects what time their previous projects took, check if that land has approvals similar to real estate regulatory authority, and environmental consent. check if the projects are rera registered.

Note - Sometimes you won't see what you will get so research properly before buying a home under construction. Under-Construction projects can save your money.

3- Try Finding A Bank With A Low-Interest Rate

We all know how uncomplicated it has become to buy a home with the help of a loan but finding a bank with low interest can be difficult it can be easy with little help from research and with help of the internet, almost everyone knows how to use the internet for the benefit this little research can surely help you save money while buying a home. many banks provide low costs to female borrowers. 

Here are some banks with their interest rates 

HDFC Bank with 10.5% p.a. - 21.00% p.a. 

Yes Bank with 10.99% p.a. onwards - 16.99% p.a.

Kotak Mahindra Bank with 10.25% and above 

4- You Can Negotiate Closing Costs

Since we are talking about saving money negotiate your closing costs by 

A) Asking for a discount 

B) Research and gain knowledge about what are sellers playing for 

C) Don't ignore lenders and their fees 

D) Consider grants 

E) Apply for a Federal Housing Administration loan 

F) Negotiate with the sellers 

origination fees can be negotiable but taxes cannot. 

some common costs- Land survey fees, Home appraisal fees, Credit check fees, Loan origination fees, Application fees and 

Home inspection fees. 

5- Examine Acceptability For PMAY(Pradhan Mantri Awas Yojana)-CLSS Scheme: 

So basically “PMAY” was launched on 25th June 2015 by the government of India. pmay provides loans for those who fit in their eligibility.

In one of PMAY's eligibility- LIG and EWS categories annual household incomes should be above ₹3 lakh but below ₹6 lakh. the highest grant of Rs. 2.3 lakh designated to only those whose household income is between Rs 12lakh and Rs 18 lakh.  in this categorization, the grant rate for the home loan is 3%. woman ownership is not compulsory. the government has also lowered the GST rate on home loans for only those who are applying under PMAY schemes. reduced GST rate is 12% to 8%  This Scheme's purpose is to provide loans for homes so that anyone eligible can fulfill their dreams and buy a home while saving money. this Scheme date has been extended til the year 2024. 

Note- if you have purchased that particular house under Pradhan Mantri Yojana, you can't sell that house within 5 years of its buying. as said the purpose of this scheme is to provide for the needy ones. 

Hope you all understood these "top five ways to save money while buying a home" saving money is very must in this upscale world. may these top five ways clear your doubts before buying a home with saving money.



More Articles

In Brief

Now Buying A Home Is Not Easy At All, It's hard. But,  property cloud can make it easy 

Questioning For Things You Are Going To Own Is Natural and Fair. 

Habitually People Ask Questions For Their Knowledge Or To Clear Their Doubts. 

There are two types of people.

One who asks all the questions and clears all their doubts from the  Real Estate Developer

The other one is just like you and us we all do research on different-different websites before buying a home like" frequently asked questions of home buyers." after researching, we check all the questions and look for what is our needs.

All these internet questions can help you to clear your doubts before asking the seller, all these questions create scenarios that are good before buying.

People have the right to know what they are investing or buying.

Here are some frequently asked questions of home buyers in India in 2022

1) What is an appropriate budget for a house?

firstly set your budget and look for houses that fit your needs and budget. budgeting of homes implies a cost that includes the owner's property tax and maintenance costs only in case of buying a home but if you are looking for a rental house that involves basic rent amt and  Miscellaneous expenses. 

2) Does location matter while buying a home? 

Yes, it does matter. A good location is very important because you will be living there for a long time the area should be good.

in the case of buying a home, you should choose the area that is good with future scope and development which will be going to have a strong value in real estate pricing.

find a location with good amenities and good neighborhood surroundings.

If the house has near stations, highways, schools, hospitals, and other imp stores, then the house has high value.

3) Is a broker is must for buying or choosing a house? 

A broker can help you find the best homes and they will charge for it. brokers have more knowledge in the case of homes than a normal home buyer.

Looking for professionals would be better. It is always a choice of the home buyers whether they want to go with a real estate broker or not if you are searching for a home you can visit propertycloud.in for verified properties and professional brokers

4) What are the important documents to collect from the builder while buying a home?

Now, this is a very serious question. the buyer should always read and check all the documents carefully. 

here are some legal documents that you need to collect from the buyer- 

1) The Sale Deed: 

A sale deed is an evidence that shows the sale and the transfer of property from the builder to the buyer.

2) The Mother Deed: Mother: 

Mother deed is an important document. when the buyer takes a loan for buying a home, this document is required by banks when a buyer avails a loan against the property.

3) The Sale and Purchase Agreement:

The Sale and Purchase Agreement contains a list of terms and conditions that are agreed to by both the buyer and the builder.

4) The Building Approval Plan:

The approval plan means the " completion certificate states that the project is completed and is approved by the government.

5) The Possession Letter:

This document is made in the builder’s name. The Possession letter is by the builder stating the date of the buyers’ possession of the home.

6) The Completion Certificate:

The completion certificate is given by the government after the completion of the project. 

7) The Allotment Letter:

In India the allotment letter is necessary. 

after the buyer books the house the builder issues an allotment letter.

5) The home I will be buying is secure 

Buying a home is serious you should always choose a secure home. many sellers will claim safety and security but you should check if that is true or not.

6) Why you (to the seller) are selling your house?

This concern may be personal to the seller but still, you should ask why the previous owner is selling the home and if there is any problem with the home these little investigations

can help you with your doubts.

7) does this house have any problems? 

Ask if the house had or has any problem that may cause trouble in the future. 

8) What kind of property should I buy? 

Real estate is a continuously growing business. housing and commercializing is never-ending and properties. the property you are going to buy should fit your requirements and you should be sure why you are buying that property. Among the type of properties available, you need to select your liking which will benefit you in the future.  you have to compare as many properties as you can and select what is perfect for you.

Here are some best property projects for you~

  1. CHANDAK GREENAIRY- At Borivali (E), Mumbai
  2. LNT REALTY CODENAME ZEN- At Ghatkoper
  3. SHETH IRENE- At New Link Road, Malad (W)



More Articles

In Brief

A deed is a legal document that defines or identifies how the property is sold and owned, transferred, and inherited. The deed covers details like how much land/house an individual has or their rights on that land/house. A deed is any written legal instrument that confirms an interest, right or property from one person to another. There are numerous types of deeds but, here are the most important 5 types of deeds in real estate:

1) BARGAIN AND SALE DEED:

A bargain and sale deed designates that only the seller of a property or home has the right or advantage to transfer ownership but, this type of legal deed includes no guarantee for the buyer against any claims to the property. If these kinds of issues show up in the future so the buyer could be responsible for this.

2) QUITCLAIM DEED:

A Quitclaim deed is one kind o real estate deed it is a legal document that transfers ownership of real estate from one person to another. Quitclaim deeds are also called quick claim deeds because they are quick in case of achieving fast real estate transfers. But, quitclaim deeds are mostly for transferring property between family and well-known members or to edit mistakes on documents such as a misspelling of a surname. They are common and some agents are aware of them. Quitclaims are generally used in transactions where both parties are aware of each other and agree to accept the agreement. In quitclaim, the property can be transferred ownership without being sold this mostly happens when there is no money involved.

3) DEED OF TRUST:

A deed of trust used as a real estate deed it is a legal document used in real estate that is used in real estate for transactions. It shows an agreement between the borrower and a lender to hold trust by an independent third party until the loan is paid off.

A deed of trust is a document sometimes used in finance in real estate deed transactions that is when someone takes money to buy real estate. During these kinds of transactions also when a lender gives the borrower money in exchange for more promissory notes linked to a deed of trust.

4) WARRANTY DEED:

A warranty deed is a real estate deed it is a legal document that is used in real estate and provides assurance and insurance. It also offers the buyer of the property the greatest amount of insurance. It guarantees and warrants that the property is owned by the owner free of any unpaid mortgages.

Warranty deeds are put in place when a borrower is seeking to get title insurance financing or mortgages.

All deeds include the date, names, signatures, etc

There are some special warranty deeds

5) GRANT DEED:

A grant deed is a legal document. In swapping for an accepted price a grant certificate transfers the attention that is from the seller to the buyer. Grant deed guarantees that they can own the property without debts. But, in this deed, there is no guarantee of the mistakes in name misspelling like in warranty deeds.

A grant deed is a middle part of a quitclaim deed and warranty deed. Grant is indeed used to transfer the ownership of real property, it provides more of protection than a quitclaim deed but less than a general warranty deed.

A grant deed is also known as a limited warranty deed or special warranty deed in many states.



More Articles

In Brief

Property Cloud Sure Can Help You With Buying A Home But, What After Buying A Home?


Yes Exactly
 

HOME DECORATING 

If You Are A First-Time Home Buyer, Then You Have To Know These Tips. 

After Buying A Home, You Will Feel Some Relief That Will Be The Time To Think About Your First Dream Home. Start Decorating Your Home, "Decoration" Always Doesn't Mean Expensive Products Or Expensive types of Furniture, You Can Decorate Your Home According To Your Budget And Own Choices Because It's Your Home In fact Your First Dream Home.

Why People Should decorate Their Homes?

Home Is Place Where We Not Only Live But Also There Are Some Feelings Connected. Some Life With Family Some Live Alone and Still Feel Comfortable In Their Own Homes It Wouldn't Mind Decorating A Place Where You Are Going To Live For a Long Time And Make Some Memories. 

Here Are Some Homes Decorating Tips For First-Time Home Buyers:

1- Cleanness & Neatness

No, This Is Not an Actual Part Of Decoration. A Home should Be Neat And Clean Everyday It Is Necessary. A Clean Home Itself Is a Decoration. It's Said That Cleanness Makes More Place For Decorations. 

So First Clean Your Very New Home It Will Surely Impact On Your Decoration.

2- Recommendations

Get Some Recommendations From Your Family Members Or Well-Knowns Because They Might Be better In some Ways Than You. Getting Recommendations Will expand Your Way Of Thinking. Take Everyone's Advice But Do Only, What Suits Your Type.

3- Budgeting

Setting a Budget Is Very Important In Both Topics Before Buying A Home And Before Decorating Your Home.

In case You Are Searching For Homes That Matches Your Budget, You Can Check Out propertycloud.in For Best Home Buying Experience 

Now Back To Topic~

After Buying A Home You Might Be Going Through the Lack Of Money Phase If That Being The Case You Have To Make Your Decoration Budget Lowest. 

A Home Can Be Decorated In Both Ways Expensive or Inexpensive Your Can Budget Can Decide What Is Your Way Of Decorating a Home.

You Can Look For some less expensive Interior designers

Another Less Expensive Way Of Decorating Your Home Is Some HANDMADE HOME DECOR ITEMS DIY You Can Add Little Details To Your Home With Your Hand Or Family Members Whoever Is Creative Enough. 

If You Have Some Good Budget Then You Can Look For a Creative Company Like Ikea etc.

4- Expenses

Manage Your Expenses While Decorating Your Home. Invest Your Money In Quality And Quality Things Are Not Always Expensive Nowadays Some people Have A Mindset That Which Is More Expensive Is With Higher Quality Well It Applies Sometimes But Not Every Time. You Have Check Where You Are Investing Your Time And Money. 

For Example, You Are Looking For Homes And You Have Your Budget decided. You Will Look For Some Best Real Estate Companies Instead Of A Local Broker. 

5) GET SOME INTERIOR DESIGN IDEAS AND REFERENCES FROM THE INTERNET: 

Yes, Get Some References From Internet Just Like You Are Doing Now cause Why Not?

The Internet Has a Massive Amount Of Information, Ideas, and References. It's Free

Collect Opinions And Find Your Type In Home Decorating, Then Search It On Internet And Explore Ideas And References. Choose Whatever Fits Your Type. 

6- Happiness Is Watching Your Plant Grow

Get Some Plants For Your Home, It Brings Freshness And Decorates The Home. No One Can Ignore Greenary 

Start With Baby Plants And Watch Them Grow It Feels Good.

You Can Decorate Your Home In Less Expensive Ways With House Plants.

7- Don't Forget Your Old Decor 

Like Said, You Might Be Going Through the "Not Much Money Left" Phase Then You Can Reuse Your Old Decor Items Or You Can Mix And Match Old-New Decor. It Will Save Money.

8- Spacing

Spacing Also Plays An Important Role In Home Decor. You Have To Decide Your Interior Design, Home Decor Items, And Furniture's According To The Space Of Your Home. If Home Has Less space, Don't Crowd It With Lots Of Decor.

And If Your Home Has a Big Space, Use That Place With Some Creative Decor It Will Look Good And Will Fulfill The Blank Space.



More Articles

In Brief

Are you sure? Is your home ready for home staging listing?

Selling a home can be difficult. 
But, A good home staging can help you sell your home faster with the best price. Do you want some tips and tricks for home staging? Also, you can check out our informative blogs related to REAL ESTATE.

Now, what are some common home staging mistakes you must avoid?

While selling your home, you cannot act careless you have to take the responsibility of a seller. Buyers invest their money for good in return. If the buyers get more perfectness in the home of some other seller, then the buyer won't hesitate and will go for more perfectness.

Here are the 15 most common home staging mistakes to must avoid

1- Starting Home Staging Without A Plan

Starting your home staging without a plan will waste more and more time afterward. Because if you just without a plan, you will end up with a random-looking home. A home filled with random home decor and furniture it will waste time fixing this.

So it's better to take some time before starting to stage your home and make a perfect plan, including recommendations and ideas from friends or family members.

2 - Already Listing Home Even If It's Not Ready

Don't ever list your home if it's not ready. It will create chaos for buyers. Usually, sellers list their home when it's ready for sale.

3 -Taking Normal Photos

Now you are listing your home for sale through the internet. of course, the interested buyer will check your home photos. If this case, the normal pictures won't work. You have to take professional photos of your home to attract buyers. Try showcasing your house in photos.

4-Thinking That Cleaning Is Staging

Staging a home is not the same as cleaning a house. Cleaning the home is necessary, and cleaning is just part of home staging.

There is a lot more in home staging-

·    Decorating

·    Furniture

·    Renovation etc.

5 - Not Thinking From The Buyer's Perspective

Thinking from the buyer's perspective will give you an idea of the buyer's interests.

Thinking from the buyer's perspective helps you with a better home staging plan.

6 - Using The Cheapest Decor

This point doesn't mean to spend more money but using cheap decor is a bad idea for sure,

If you are putting some effort into selling your house so some good quality decor and furniture won't hurt, and it will attract buyers

7 - Over-Decorating

Over-decorating will make your home overcrowded with lots of decor item which will take up more space.

8 - Staging Home With Random Decor And Furniture

As said, planning is a must before staging a home. Always use decor and furniture according to your home type.

9 - Ignoring The Competition

Keep in mind that there are other home sellers too, who have the same or better-staged home. compete, and try staging your home as well as you can.

10 - Not Decluttering And Cleaning

Who doesn't like a clean and decluttered home?

Home cleaning and decluttering give more space. Before you start a staging plan together, a home has to look, feel and smell

clean. Any staging on top of that will make a house sparkle.

11 - Doubting If Home Staging Is Worth It

Home is worth it if it's done perfectly.

Home staging is kind of a part of selling, and Staging is one of the best short-term investments a seller can make.

14 - Not Being Honest

Gaslighting the buyer is wrong. Be honest with your buyer and share every detail of the home with them. they have the right to know what they are going to buy.

15 - Forgetting To Take Before & After Photos 

Taking before and after photos is important as you proceed with the staging. that will help you as well as the buyers for a great deal.



More Articles

In Brief

Want to sell your home quickly? With the help of home staging tips and tricks, let's discuss it first.

Home staging plays a major role in home sales. Selling a home can be more difficult without HOME STAGING.

But, What is home staging?

Home staging is the process of preparing a private home for selling in the real estate marketplace. The objective of home staging is more money. With home staging, the sellers get the best price for their homes. Some people hire professional home stagers, but that can be expensive. So here are some Home Staging Tips And Tricks To Sell Your Home quickly and inexpensively.

1- Think From The Buyer's Perspective

Think from the buyer's perspective think as if you are the buyer. what you will notice in the home as a buyer?

It will be perfect to think as a buyer first so that you can get some best ideas for home staging. Design or decorate your home according to the buyers. If your home is keep getting rejected by buyers know the reason and note it then work on it. It's amazing to know the reason for rejection so that you can work on it better in the future.

2- The Dust Must Go

A home with dust and dirt puts a negative impression immediately. "the first impression is the last impression." true that! A clean home shows how good care you have taken of the house, and the buyers will observe. Most buyers first notice how clean the home is and who doesn't like cleanness?

3- Highlight

Always highlight the best features of your house and showcase them to the buyers.

It's better to work on something perfect you already have.

these are some top home features you can highlight while home staging=

·    Balcony:

·    Ceiling fan:

·    Airy and ventilated:

·    Dining place in the hall:

·    Good enough space for the kitchen:

4- Declutter Or Free Up Some Space

There are two major problems with clutter.

·    One can distract buyers from your home's features.

·    The second is clutter makes it seem like the house has less space.

Before the buyer pays a visit, box up and put into storage the things you don't need daily example~ papers, seasonal clothes, and messy hobbies). Managing space before the buyer's visit is salient. It's also time to get rid of things you no longer need—like expired foods and kids' old toys and clothes. More empty storage is always better.

5- Depersonalize

Now you are going to sell your house to another person. the buyers have the right to explore the whole house before buying. Depersonalize your home as much as possible and make buyer's visualization better. remove all personal things and put them in your storage for future use. Also, remove all the family photos, and personal clothes. Keep clothes hidden, and make sure the bathroom counters are empty (except for hand soap, of course).

6- Paint And Wallpaper

While home staging, always go with neutral colors and wallpaper not too shabby or funky. it should be attractive to the buyer's pov. Never let your buyers think that they have to over-work or re-work.But, Potential buyers will maybe feel the same way about custom paint colors. you may like your green color in the kitchen, but people's tastes in colors are very specific and highly personal. However, it's better to paint your home with warm, neutral colors.

7- Define Rooms

Whether it's a big space home or a small every room or space should have a purpose. This will help your home buyer see how to maximize the home's square footage. Even if the buyer doesn't want to use the room/space for the same purpose as yours, the important thing is for the buyer to see every inch of the usable space in the home.

8- Lighting

The lighting should be perfect not too bright not too dull. sometimes very bright lighting can work but dull lighting makes the home uninteresting. You can also take advantage of natural sunlight. Open all curtains when showing your home. this will make your home look more brighter or attractive.

9- Furniture

The perfect type of furnishing according to your home can reduce the chances of rejection. buyers love already furnished homes but, Make sure the furniture is the right size for the room or house, and don't clutter the rooms with too much furniture. The furniture should look nice, tidy, and inviting.

10- Exterior

The exterior or entryway is the most important to focus on because this can be the first impression of the home. The buyer may even determine someone's interest in viewing the inside of the house. A home's outer appearance can also impact a buyer's first impression of the house. wash your windows from outside as well. You can also put some fresh plants outside or inside your house.



More Articles

In Brief

In today's era, women are decidedly choosing investments other than gold and fixed deposits. women are growing in the field of investing as well as being financially empowered.

Gold and fixed deposits were their priority in investments. but, now women are bold and taking risks in the field of investments. for example:

Real Estate.

There was a Survey executed in Delhi-NCR, Hyderabad, Bangalore, Chennai, Mumbai, and Pune on March 08, 2022.

Through this survey~ 70% of women decide to invest in Real Estate

categorically in residential properties, " a study by a unicorn startup NoBroker said." Off-topic but, In all investments, 

'Women in India are clearly shying away from market-based investments.

  • 14% investing in mutual funds 
  • 10% stock market 
  • Comprehensive, only 13% of women invested in financial assets.
  • 35% of women invest in traditional instruments." livemint said. 

"In India, only 7% of women independently invest through self-learning."  Women & Money Power 2022 survey released by LXME.

But why in India women are investing in real estate? by choice and there are some benefits a woman can attain when investing in Real estate. 

What are the benefits an Indian woman can obtain when investing in real estate?

Top 5 benefits:- 

1)Lower Stamp Duty

What is stamp duty?

Stamp duty is a tax. Only the home buyer pays stamp duty on the sale of a home/property ownership by the state government of India. A buyer pays stamp duty for the sake of the property registered in the government's records.

In India, most states charge lower stamp duty, and if a buyer is a woman or registered in a woman's name.

  • In a financial center, Mumbai Women's home/property buyer only has to pay 5% of the property’s value as stamp duty. where men have to pay 6% of the property’s value as stamp duty.

2)Lower Interest Rates On The Home Loan

A home loan helps home buyers financially to buy their dream home.

with a home loan, home/property buyers can cover up to 75-90% of the value of the home/property and for this, you must pay the down payment.

A home loan gives ample funds at Indian economic interest rates.

Indian Banks provide women loans with a lower interest rate they believe that "women home loan borrowers are more reliable" and in records "women are less likely to become a defaulter."

To motivate more women to take home loans, banks and financial institutes provide home/property loans with low-interest rates to a woman.

"Women pay lower EMI as compared with their male counterparts."

3)Simple Eligibility Criteria

Indian banks have to build not-so-strict or formal eligibility criteria for female loan borrowers to provide home/property loans.

According to BankBazaar- any woman with a minimum age of 18 years and maximum age of 70 years can get a home loan based on their income and employment status.

Many banks provide a home loan, to women who are earning for three years through employment or self-employed.

And of course, documents are included.

  • Proof of identity
  • proof of residence
  • bank statements, salary slips, etc.

4)PMAY Benefit

PMAY is Pradhan Mantri Awas Yojana.

This scheme was launched on 25 June 2015 by the government of India for middle-income people. PMAY provides subsidies on home loan interest rates based on annual income to eligible home loan borrowers. 

However, In the PMAY scheme, women get special benefits and interest rates.

With uncomplicated processes a woman can own a dream house, under that uncomplicated process require must detail by the borrower.

  • Home loan under this scheme starts at 8.25% per annum and the EMI for a home loan of Rs.1 lakh will be Rs.853 no pre-payment.

5)Tax Benefits

In a home loan, the tax benefit is available for both men and women but, 

In the case of a wife and husband wanting a home loan, they can avail of the benefit of a maximum deduction.

  • The husband and wife joint home loan maximum deduction is Rs.1.5 lakh on principal under section 80C and Rs.2 lakh on interest under section 24 components of EMI.



More Articles

In Brief

"One smart move can change your life. " this is true.

In the case of investments, one intelligent Real Estate Investment can be life-changing too.

There are many ways to invest in India, for example- the variety of assets, such as stocks, mutual funds, gold, crypto, etc.

Previously most people used to have a single source of income or savings But, now people are decidedly investing in Real Estate. Now since people have so many popular choices, Real Estate is at the top According to a report, 77% of the total assets of a typical Indian household are in real estate. Now the demand is higher for Real Estate and Real Estate Investment. it makes a great investment choice for Indians. Buying a home is full of emotions, and it promises financial growth & a secondary source of income.

Now even women are rapidly investing in real estate with some specific benefits. You can check out our informative blog on "What Are The Benefits A Indian Woman Can Obtain When Investing In Real Estate?"

But, Why should you invest in real estate right now? Especially in India?

Here Are The Top 9 Reasons Why Real Estate Is The Best Investment

 

1) Greatly Appreciated

Real Estate Investments are highly appreciated, because of their plus points and cashflow profits.

It's said that the longer you stay invested in real estate, the more money you make. There are low chances of a fail/loss unless you are a first-time home buyer. If you are a first-time home buyer, then there are a few must-know things before buying or investing in real estate.

Read our blogs for more information on the real estate sector.

If you are buying a home for investments purposes, you should think about this point-

2) Income Through Rents

In Real Estate investments, the money most of the time goes upward, and the rental amount also increases every year. After buying a home, you can earn from that home the income can be monthly. If you are retired or not able to work anymore, your extra properties can help further from rents at least these rents can help with your remaining life.

3) One Of The Best Investment Option With Safety & Security

Real Estate is the safest & secure investment option, unlike other options stock markets, crypto, and bitcoin these options have uncertain conditions like pandemics, inflation woes, and recession and these contain high risks. And here real estate got constant growth. Because of RERA, sales in the real estate sector have increased. 

4) Satisfactory Return On Investment

When you invest in real estate home OR a commercial space legally, you can sell or put that home on rent you will get more than what you invested. In real estate, the value of the legit property always increases. So basically, you can expect a higher return. 

5) Tax Benefits

Investing in Real Estate can give you tax benefits or save your taxes If you take a home loan, you can save Rs.1.5 lakh on the principal amount as per Indian laws ( under section 80C. And you can save Rs.2 lakhs on interest (payable) under section 24. With these tax benefits, it will be cost-effective and easy to afford your dream property.

6) Tangible Asset

A Real Estate Investment has tangible worth, unlike stocks. It has a physical appearance that can provide many amenities. since it's a risk-free investment, easy to buy, quick to sell or convert into an income source, provides tax benefits, and changes lives.

7) Low-Interest Rate On Home Loan

Home loans always make it easier to invest in Real Estate but, what makes it easier is low-interest rates. 

8) Long-Term Security

In long-term investment, you have to wait for the rising value of the property. while waiting you can rent out your property which will provide you with monthly income. In today's date investing in Real Estate is the smartest move anyone can make not only it provides long-term investment with security but, also monthly cash flow while raising its value

9) Control

When you invest in Real Estate and own a property you are the boss of that property you get the control it's up to you whether you rent out or use that property for your work and for the value to rise. You can create a change in your community by giving your properties to renters. 

Here are some things that you should know before investing in Real Estate

1) You should know the purpose of the investment

Not only in Real Estate investment you should know the purpose but also whenever you invest your time or money you should know the reason and purpose. ask yourself why you are investing and check if it will be worth it. if you invest in real estate there are low chances of risk, failure, and loss.

2) Check the location 

Especially if you are a first-time property/home buyer in Real Estate, check the location of the property and nearby area, and check if there are basic needs stores, nearby stations or highways, and a hospital.

3) Check the property papers

Always check the property papers before making a deal. If this will save you from scams for more legit guides, you can Read "5 Types of Deeds in Real Estate Explained" in this blog we have mentioned the most important deeds/property paper that you should check and collect from the builder.

4) Research the property

Before owning a property, go through every single detail of the property.

  • Research if the value of your property will rise or not
  • Must select an appropriate location according to your needs, this will help you increase its value
  • Know the importance of the real estate industry



More Articles

In Brief

The best Real Estate agents always have an individual skill or a quality that gives them the "best" real estate agent title. If you want to become a successful real estate agent, you should be passionate and serious about it. There are numerous real estate agents with multiple skills and qualities, and there are also some best real estate agents with various skills and qualities, but what makes them the best agent? they have that one skill or quality which are on another level in simple language-

The skill and quality are the same as others but, the type and style of working are different from others. First, you should have basic real estate knowledge and soft skills.

  • From various skills & qualities, you have to find the type which will create your name in the real estate industry.
  • You have to make your company and team that can handle different-different departments like sales, calling, staff, HR, and marketing departments.

What knowledge do you need to be a real estate agent? What skills do you need for real estate development? You might be getting one of these questions in your mind, to worry not

Here Are Some Skills A Real Estate Agent Must Have

 

1) Know Your Goal

Behind every successful person, there is a goal they set for their future. You should know what you want to become. Write down your goals. What type of agent do you want to become?  Set up the goals like

  • Set a target for your sales team- How many sales can you get in a week?
  • Schedule your appointments with the help of HR
  • Actively post on social media. (at least one post a day)
  • Check leads every day.

There are several types of real estate agents, but here we are talking about an agent who connects a brand with clients.

Read our blog"5 Common Myths About Real Estate Agents That You Need To Know." To Know more about agents.

2) Knowledge Of The Real Estate Industry

Since you want to become a real estate agent, you should have good knowledge about this whole industry.

  • Real Estate is something that includes property that is permanently attached to the land or built by man.
  • There are five types of Real Estate- commercial, residential, industrial, raw land, and special use or personal.
  • Real Estate investing contains buying land, a home, or rental property.

3)Area/Location Knowledge

Real Estate agents should be aware of local areas, So they can guide their clients. 

4) Communication Skills

Communication skills are the prime consideration because real estate agents have to communicate with a lot of people in their work, not just any communication, it should be professional communication skills. Of course, selling and buying involve communication and chatting. Every agent has a different type of talking style. If you are a seller, your communication should be engaging and clear so that the buyers make their decision undoubtedly and comfortably.

5) Understand/Acknowledge The Clients

When you go to a clothing shop seller doesn't directly show clothes to you, they do ask what are your needs just like a seller should understand their customers first. 

6) Quick Problem-Solving

The skills of a real estate agent have a lot to do with problem-solving. The moment you present yourself to a client, the problem begins. You must break the barrier they are creating so they won't agree to buy anything.

7) Marketing & Technical

In any way, business needs marketing, whether it is traditional marketing or digital marketing. Traditional marketing is no longer in the race. Since we are now living in a digital world, we will talk about digital marketing. Real Estate agents should have good marketing strategies because the competition is on a higher level, and the trends are unstoppable. For digital marketing, you can hire digital marketers who can help you with these, and if you are an individual real estate agent you can invest some time to learn digital marketing that will give you a better conversion in your business 

  • PPC (Pay Per Click)
  • Social Media Marketing 
  • SEO (Search Engine Optimization)
     

And other modern marketing ideas and tools. Tech Departments are a must. Those days are gone when people used to only sell their service offline now this is the time of online platforms.

8) Time Management Skill

Time management is a skill that everyone should have, especially In the case of Real Estate agents, they will face numerous clients, and they have to provide equal service to everyone. If you are planning to expand your business to tackle multiple clients in different locations you can hire the below employees.

  • Make Schedules and be serious about your don't wait till the deadline
  • Hire HR
  • Hire sales employees
  • Real Estate agents should manage their time regularly

Make Schedules that include these concerns- in your schedule, and make extra time for emergencies and unexpected meetings/appointments

9) Real Estate Law Knowledge

Not only a lawyer should know all the laws. we all should know the laws at least the law of our main work a good real estate agent is aware of all the Real Estate industry laws. Research, read newspapers, and do online research on laws according to your industry. But, when you are legally doing sales involve your lawyer, and also you can know more about laws from your lawyer. Clear all the law doubts from your lawyer. 

10) Networking

Beginner Real Estate agent always thinks that how they can gain more clients. 

  • You have to build your network and you have to learn networking skills.
  • Meet people and try building a good professional relationship with them.
  • Not to everyone you meet but, you have to expand your network for that you can meet new people while talking casually you can tell them about your work maybe they are interested in that particular topic who knows maybe they can be your next clients.

In this very competitive sector, you have to make some trusted friends and include them in your network-

  • Lawyers
  • Mortgage lenders
  • Marketers, especially digital marketers
  • Your sales team 
  • Home inspectors
  • Staging specialists
  • Professional craftsmen

11) Accept The Change

A professional agent is always up to date with all changes in the industry, and its rules and regulations.

Anyone determined and aware of the whole Real Estate sector can become a Real Estate agent.

12) Adopt New Tools And Technology-

Real Estate can create a company and work for other builders while focusing on their own company.

A Perfect Real Estate agent should be aware of technology and new tools 

such as~

  • Technological developments 
  • Online sales
  • own websites
  • Own App

These technologies and tools can increase your client number and will provide the best service. Physical and mental attentiveness, professional communication, and a tendency to adopt new tools and technologies can make a good Real Estate agent.



More Articles

In Brief

It is okay to make mistakes but not after knowing. The first time it's understandable because buying a home for the first time can be confusing.

Here are some mistakes home buyers make while buying a home

1) Not Setting Budget 

Setting up your budget will help you to save money and time. 

  • Buying a home is a huge process, especially for first-time home buyers. 
  • Setting up your budget will save you from unnecessary expenses. 
  • Make a chart of all your expenses, and then check what is most needed. 
  • Since you are a first-time home buyer, keep in mind that not every expensive thing provides ALL AMENITIES and quality.
  • Search for a place where your budget and necessity fit. 
  • Stick to your budget you will find a perfect home according to your budget eventually.
  • Make sure that your spending goal can take care of before heading installment. 
  •  

2) Not Thinking About Moving And Other Costs 

First-time homes mostly make this mistake~

Not Thinking About Moving And Other Costs

  • They only focus on buying a home which creates problems after buying.

Think about other costs and expenses like

  • If you have taken your home far from where you are staying currently, then, of course, you will need a truck to carry all your luggage, heavy furnishing(movable), and household items. Think about all traveling costs and add them to your budget list. But, if you have taken a home nearby, still you need some manpower to carry your luggage, heavy furnishing(movable), household items, etc. And that will cost too.
  • Another Point is you should always think about your needs after buying a home. Imagine you finally purchased a home but what if you have to do some immediate renovations, Home lighting, and a little cleaning? 
  • Speaking of cleaning, you can do that by yourself but what about other costs? of course you need money for that. 
  • Here are some expenses you have to consider~ like taxes, interior design charges, maintenance charges, registration fees, etc. These expenses are without a loan amount if you have taken one, then add it to your expenses list.
  •  

3) Not Comparing Or Researching Homes 

I would like to share a piece of advice, just make a simple list of your liking in homes and get recommendations from your family members, then research a home and check if that home matches your liking list. It will make it easy to find the perfect home for you.

  • Do not hurry, take your time and research well. Buying a home is a long-term investment so think before selecting a home.
  • In your list add your location preference and your budget.
  • Now you can research homes while sitting in your home, and yes, you can check projects online by real estate companies. This way, you can search for more projects than you could have done physically. 
  • The research will help find and understand projects that are available in the market.
  • Research may help you find a project far from your preferred location but will offer you a rich lifestyle while saving money.
  • Comparing and researching too much will make you greedy and confused. Stick to your budget and your liking in homes. Once you find a home that is perfect for you and has all the facilities according to your needs, start the deal.

4) Not Comparing Home Loans

We all know how uncomplicated it has become to buy a home with the help of a loan, but finding a bank with low interest can be difficult. It can be easy with little help from research and the internet. Almost everyone knows how to use the internet for their benefit. This little research can surely help you find your dream home. Many banks provide low costs to female borrowers. 

Here are some banks with their interest rates 

HDFC Bank with 8.40% p.a. - 21.00% p.a. 

Yes, Banks with 10.99% p.a. onwards - 16.99% p.a.

Kotak Mahindra Bank with 10.25% and above.

  • If You are a first-time home buyer looking for a home loan, try to find a bank with the lowest interest rates.

5) Ignoring Tax Benefits 

Not everyone is aware of taxes, especially the benefits of taxes. 

  • In India, there are Special tax benefits for first-time home buyers under Section 80EE and Section 80EEA, and buyers should take advantage of these provisions.
  • In home loans, tax benefits are available for both men and women. But if a husband and wife want a home loan, they can get the benefit of the maximum deduction. The husband and wife joint home loan maximum deduction is Rs.1.5 lakh on principal under section 80C and Rs.2 lakh on interest under section 24 components of EMI.

 

Here are some informative blogs for first-time home buyers~



More Articles

In Brief

Do you ever think about another home? when you are already in your home, maybe that could be a sign to sell your home, but absolutely no. Everyone indeed wants better than what they have, but that doesn't mean you have to sell your home. There should be some accurate signs and reasons to sell your home. Selling a home is not an easy task. Especially when you are emotionally attached to your home.  If you want to sell your home faster? Some tips and tricks for you rea d our blog Home Staging Tips And Tricks To Sell Faster 

There should be no regrets while or after selling your home.

Here are some actual signs that are telling you to sell your home

 

1) Financial Situation

There can be multiple financial situations, but these two are major 

situations~

  1. You are financially healthy 
  2. You are thinking about selling your home because your financial status is not good

Financially healthy 

  • If you are financially healthy and you have two or more houses, you can sell one of your houses for more money.
  • If you want a new environment/new home, you can sell your current home. 
  • You want more cash flow.

Before moving, there should be one question in your mind

  1. Do you want to move?

Can you afford to move? 

Check if any debt is remaining before selling your house or debt-to-income ratio, This is your monthly debt payments divided by monthly income. If the number is lower, you will have a higher chance of getting a loan at a low-interest rate. 

Financially unhealthy 

  • The first scenario can be you are selling your home because you need money.
  • People also sell their houses when the time gets tough. Like when people lose their job and have no other way to pay bills, EMI, loans, and unexpected expenses. In situations like this, your home might be the solution.

2) The Market Has Taken a Good Turn 

People who buy a home for investment purposes they wait for the market to turn into their favor so that they can get more than what they invested.

Home sales are quicker in the seller's market at a higher price.

Since 2020 most areas are a seller's market, and this trend will continue for a while. 

  • Research and make sure that your local market is good enough. 
  • Research the recent sale prices of homes in your area. 
  • It's good when the price of the house is higher than the previous year.

Try to hire a good real estate agent, they will help you with every selling/buying thing with the best strategies.

3) Change In Work Place/college Change in work/job

A job can make you sell your home. here are some work-related reasons for house selling~

  • You are changing job and the office is area is far or not travelable for you.
  • You can no longer afford your home because your time or wages have been cut off.
  • You have lost your job now you don't have any money source.

Change in children's college/school

This can be a rare case since no parents want to change their child's school/college multiple times unless there is a big reason.

  • Your children got more good schools/colleges.

A job change or the desire to be closer to your children's new school are all excellent reasons for finding a new home. Your new location may offer new lifestyle advantages, more convenience, or even be closer to extended family.

4) Present Home Is Too Small Or Big Your current home is too small?

Family growth? 

Family growth can be a valid reason to sell your house. You might be getting space issues. It's best to search for a real estate professional and tell them your needs in homes. A real estate professional agent will help you find a perfect home.

Your current home is too big?

No need for such a large space? 

If you are just two people and you own a 3BHK house, that's a waste of space unless you will have more family members.

5) You want a new environment

Tired of watching those same boring buildings? 

  • Everyone can get bored with the same environment, a change in life or place won't hurt until you are not okay with it.
  • Why do we buy homes? well everyone has their purposes and reasons some people buy for investments, whereas some for residential purposes.
  • If your current home is not according to your liking anymore, you can find a new home if you are financially stable, you can afford to move. 



More Articles