Buying Property in India: How Statistics & Research Matter

Investing in a decent piece of land or real estate is a tough task in itself altogether as it involves tricky statistics. What’s more interesting in this situation is how developers are reacting on the overall supply and demand algorithm and what all they are doing to make current scenario worth investing for buyers. These points of consideration are making realty business a hard hitting reality, which is going to prove much more beneficial if handled with appropriate amount of attention. At this given point, the question stands at how and why government should get more involved so that there is more liquidity in resources as compared to the past five years. Hence, to understand more about it below are a few key points that explain how research and government’s role stands important in real estate business of India.

Research helps in eliminating factual errors

While developers are collecting valuable information for their upcoming projects, it is also essential for them to track down all the relevant key points before proceeding. This helps them get clarity about the location and its other characteristics such as pricing, accessibility of resources and close proximity to all the prime areas around. Therefore, conducting a proper research about a particular location within a city and taking decision accordingly has become the need of the hour not just for developers.

Improvement in government policies

Just as government is validating all the characteristics of a project or location, they also need information of developers to make sure that everything is going smoothly in the market. It is only after the regulatory bodies collect necessary data and statistics, they are able to make an informed decision regarding new reforms that are going to be introduced in near future. This also gives them an edge over the planning part as it is quite risky when it comes to listing down future possibilities in the market.

With the help of above mentioned factors, it is now easier to figure out the future of real estate in India and how this business is going to impact day to day decisions of developers. Apart from being a tricky market in itself, this industry is spreading out to become a multimillion one with the help of appropriate resources at the correct place and time. In realty business, it is all about understanding the current need and acting upon it and this stands absolutely true for developers who are working to cater the needs of everyday buyers.

Hence, to summarize the above points, one must say that real estate is becoming a blooming market that is also on its verge to make India a fully fledged country when it comes to buying property. Not only developers, it is also a buyer’s responsibility to ensure that they are also contributing enough to maintain a valid ecosystem in the country. These factors are the stepping stones for the entire real estate value chain as it helps in materializing more inputs from each segment of the current market. Therefore, in order to make sure that India is developing statistically, it is also crucial to carry out different tasks to accomplish that.

How is the current real estate market providing new opportunities?

India’s real estate market is going through tough times as far as sales and new launches are concerned. The scenario of the real estate market is not same as it was five years ago. In 2007, the real estate market was booming but slowly the realty market started dipping. The performance of the real estate sector was worst in the year 2015 but the recovery has also not been substantial in the current year as well.

Market sentiments

The real estate market witnessed lowest number of new launches in the top eight cities of India. Currently, the recovery of the real estate market will depend on lower interests rates, completion of the projects, control on the piling of unsold inventory levels, increased sales, and definitely an improved buyer’s sentiments.

In fact, the announcement by the government with respect to certain reform measures like the Goods and Service Tax (GST), and the Real Estate (Regulation and Development) Act are a few steps in the right direction that will help to bring transparency and tax benefits for the real estate market.

Tax structure

The tax structure that the real estate developers have to go through is turbulent and stringent. The real estate in India faces a lot of challenges due to multiple indirect taxes such as VAT, service tax, excise, stamp duty and registration fees. The GST will now club all the multiple indirect taxes and help in simplifying the India’s tax regime. It will be of great help for the real estate developers.

New reforms

Currently, the real estate properties sector is the second largest employment generator in the country and accounts for five per cent of India’s Gross Domestic Product (GDP). Keeping this is mind, the government has come up with new policies like RERA Act, which will help to provide transparency and help builders in the completion of stalled projects. The act makes it mandatory for the builders to park 70 per cent of the funds collected for a project in dedicated escrow accounts, and funds cannot be diverted to any other project. It becomes mandatory for developers to post all information related to project plan, government approvals, land title status, layout including other documents for the use of consumers.

Affordable Housing

Besides this, the government has also focused to build “Housing for all” by 2022. The intention of the government is to develop affordable housing for the weaker section of the society. The affordable housing will be public and private partnership projects. The programme will further help to build and develop affordable housing for urban poor nearly targeting 20 million houses over the next seven years.

Building the ‘Smart Cities’

The government has now decided to build smart cities in the country to provide world-class infrastructure, public transport, education system, Wi-Fi, healthcare services including others.   Technology is going to play a vital role in the development of smart cities in India. The real estate sector is adopting smart technology for the development of projects in top cities of India as well as in the nearby areas.

The new development and opportunities in the Indian real estate will help in the revival of the sector and attract potential investors as well as home buyers in the near future.

Gazing At the Next 5 Years of Real Estate Development in India

For most of us who are not aware of the real estate scenario of India, the industry is one of the fastest growing the world and has a potential to do a lot better in near future. Being the second largest employment business in the country, real estate has its own set of risks when it comes to investment opportunities. Looking back at the big financial crisis of 2008-09, realty business of 2016 is performing far better than expected and is on a road to recovery. Hence, as often quoted by industry experts, real estate India is all set for its much-needed jump into the real world of unending challenges.

When talking about the expansion of real estate industry of India, there are certain parameters that help define it perfectly. Among many other reasons for market to perform well, there are several constraints that are also responsible for periodic slowdown. Therefore, realty market needs to follow quite a few steps to ensure a stable performance in the market.

Consistency of new projects

Although, since the past few years, there has been a record of unsold inventories, developers should also understand that there is a need of new projects as well. In order to keep pace with the present market scenario, it is essential for builders to go through market research and start investing in new and innovative projects according to the need of buyers. This move would help developers to be in touch with the growing market demands and how differently investors respond to appealing real estate projects.

Amendment of government policies

Government’s role in realty sector remains as important as it was a few years ago. It is because of the fact that buyers these days are investing money only after ensuring that reforms introduced are working in their favour or not. Increasing forgeries in real estate industry is also introducing insecurities among investors who are obviously worried about their money being used at the right place. Therefore, formation and amendment of government regulations is quite important when it comes to real estate expansion as it also makes way for more such authoritative actions in future.

While these factors are necessary to form a structured environment for property in India, it is also important to make sure that these measures are being implemented at the right place and right time. These contributing factors have an undisputed role to play in the development of property segment in India, which is already set out to become one of the fastest growing economies of the world.

More importantly, with the help of real estate websites one can go through all the options available for them and utilize different sources to conclude at one final decision. Development in digital world is a stepping stone for the transformation of this industry in India, which is now ready to enhance itself further with the help of accurate techniques. Apart from this usage, the property industry in our country is moving into different directions so that there is no loophole in the expansion process. As a result, developers as well as buyers are leaving no stone unturned to fully utilize this opportunity and invest their money in a fast paced business that has great future in India.

Residential Property Segment to Project Consistent Growth in Near Future

The property market in India is considered to be one of the trickiest yet profitable investments. The industry is driving this business from global investors as well who have started taking keen interest in the country’s expansion process. Once known to be a saturated market, realty industry as revived itself with much-needed regulatory reforms and the aftermaths of it. Further, the residential property market has garnered much attention because of the rising urbanization in metro cities and affordable housing options that are presented in front of the investors. Since the past few years, the housing segment of India is also under reeling pressure as this is one such sector, which is expected to revitalize the existing and previous performance of real estate in India.

Largely linked to the economic output of the country, Indian real estate sector has a lot to contribute to the industry. Before continuing any further, it is crucial to go through the contributing factors of the residential real estate industry of India.

• Rising incomes in commercial sector

People who have moved to bigger cities in search for better employment opportunities are doing so because of various appealing income offers. As compared to small cities and towns, metropolitan locations are more advanced and capable of providing better incomes to people who aspire for it. Also famous for being one of the most consistent economies of the world, India’s real estate future looks bright and hopeful with enhanced income options.

• Growing nuclear families

People who are shifting their base to urban cities are doing so in order to establish themselves as nuclear families. Job seekers who are trying to find prospects in metro cities are finding many options these days, which is giving birth to smaller families. This in turn is giving rise to new projects in the housing sector making it a favorite among investors.

• Growth in service & IT sector

IT/ITeS segment of urbanization has a major role to play in increasing employment opportunities across India. Just as this sector is expanding, there is also a need for affordable housing options to accommodate people who are shifting their base to big cities. Depending upon the incomes, investors are also considering buying luxury properties in India, which includes lush penthouses with sprawling townships. Therefore, it is observed that the sudden growth in IT industry is directly impacting the housing industry of the country.

Need for more residential development

Housing is one such segment where demands are always evolving with the increase in population of the country. However, there are several constraints landing up while finalizing new projects such as unsuitable land areas for a specific kind of building. Moreover, there are also uncertain pricing structures accounting to the fact that prices of a property can change at any given point of time. Also, the need of adequate funding channels is spreading out and impacting the final decision of the developers who need regular flow of cash for their new projects. Having realized these requirements and shortcomings of the process of urbanization, government has now stepped forward and taken initiatives to ensure smooth sailing in this industry. Now what’s more interesting to see is the fact that in spite of all these challenges, the country steps forward with sufficient manpower & technology to overcome the above mentioned deficiencies.

Residential Property Market in Pune Spreading Out like a Wildfire

It is a well-known fact that the construction of residential property in India has picked up quite exponentially with the introduction of new projects. Developers are leaving no stone unturned to create new opportunities for themselves in this space as buyers are getting interested largely in the housing segment. The trend is likely to continue till the next five years with a remarkable growth expected to be the game changer of India’s economy. After a considerable appreciation, the market is now witnessing sudden growth in the housing segment making Pune a city with an emerging real estate market.

Counted among the best property sites in India, Pune is taking India by a storm with its latest ventures into the residential space. It is not just impacting the upcoming projects planned out by developers but also helping buyers find a suitable place for themselves. The idea behind this process is to develop a stable economic condition for eager market investors who are always eyeing to freeze money into the latest projects introduced by the builders. In order to keep the user demand in sync with the supply process, Pune is spreading out to become an IT and manufacturing hub with many facets.

Also known as the cultural capital of Maharashtra, Pune has set out to become a place with plethora of options that could prove out beneficial for both investors and builders. Through planned infrastructural development, Pune is now on a journey to ensure a more stable market for first time investors in particular. Features such as Pune Ring Road, Metro Project and easy connectivity to other parts of the city are making this location a win-win among major portion of residential buyers. These factors are also adding up to the existing expansion model of the city, which is offering an easy location to settle down for existing as well as new residents of the city.

One more trend in Pune that has been in focus is the intelligent process of build new properties in India. The step has been taken by experienced builders who are aware of the market situation and are making future decisions accordingly. Instead of planning out new properties in a heist, these builders are making sure that there are little or no risks involved and then investing their resources in it. Further, it is only after they have completely understood and gauged present demands of buyers, the developers are building up new projects.

Amidst all development plans in Pune, investors are now finding it easier to plan out and invest in upcoming ventures. With residential property taking an edge over other property segments, it is a clear indicator that this segment will be in the spotlight in years to come. Pune is a fast paced city that has always been at the forefront of trying out innovative expansion plans also for an overall development of the country. With the help of such well thought out measures and plans, Pune is set to become a city that would have multiple horizons in the real estate market of entire world. Therefore, the present trends in Pune should continue to grow as it is further improving city’s chances to become one of the most sought after city with futuristic prospects as its agenda.

How are Metropolitan Cities Coping up With the Rapid Real Estate Development?

In order to meet the growing real estate demands in India, developers are leaving no stone unturned since the past few years. The recent past has witnessed a rapid increase in the market size as well as less fragmentation as compared to the initial stages of expansion. Hence, to overcome the economical gap of realty industry, builders have stretched out to the maximum and are making optimum use of the opportunities lined up for them. An interesting aspect of this growth is the fact that there are now more prospects of creating a favorable market for buyers with the help of new government initiatives and lucrative returns.

In this overall scenario, metropolitan cities have the most critical role to play because of their rapid development. As compared to the market of 2009, there is now much more opportunities for builders to introduce new property segments within their own demands and discount offers. These new offerings have opened new vistas for the impending schemes and reforms that are waiting to come in action for enhancement of real estate in India.

Metro cities to be the game changer

It is a well-known fact that India’s development is largely dependent on the urban cities such as Delhi, Mumbai, Noida, Gurgaon, Pune & Bangalore. The locations are widely known for their constant evolvement in the real estate industry, which is becoming a paradise for developers. A great way to invest and receive returns for builders, the realty industry of metro cities is a different segment altogether. According to a latest research report by Research & Markets, the major metropolitan cities of the country witnessed an increased transaction activity as compared to the time period of 2010-2012. The growth of office spaces is the one that gave a much-needed push to the industry and it was only after this investment opportunity that buyers became aware of the increased activity.

Started out as an unorganized market segment, the Indian real estate industry is considered to be more in shape now. Keeping aside the Tier 1 cities, Tier 2 and Tier 3 segments have still a long way to go with their unpredictable market conditions. Within this hustle bustle of new reforms, there is also a fact that India has emerged out to be one of the topmost countries to have such productive market conditions.

Forging ahead

The current position of real estate in our country has a bright future ahead with a view to make as much profits as possible. With metro cities taking charge of the situation, one should expect a higher amount of development, which is surely going to be fast paced. Although, the market gets weak sometimes, this doesn’t mean that India property business in India is lagging behind. It simply implies to the fact that there are sometimes ups and downs in this business. From unsold inventories to fluctuating market rates, there are numerous challenges ahead, which are only going to be tackled by sheer competitiveness and a well-planned layout.

Almost all of the metro cities are getting into the driver seat of the competition, making it a nail biting event for developers and real estate researchers around the world.

Residential Real Estate to be a New Paradigm of Development in India

The residential real estate market of India has witnessed a fair share of turbulences due to unpredictable situations. Since the past five years, real estate in India has moved from a sloppy start to a fast paced expansion and has not turned back since then. An important aspect of residential real estate is that it was not as remunerative as first, but with market stability it became one of the most sought after markets in India. Also, beyond an irregular demand problem there is still great potential in the housing sector of the country and is expected to touch new heights of expansion in the next few years.

Let’s take a look at the drivers of the residential real estate industry of India-

Increased affordability and urbanization

Factors such as affordability of mid-segment as well as luxury property and rapid urbanizations are somewhat responsible for the growth of housing realty. The Indian real estate market has now started to witness a substantial shift from the existing market conditions, which were moving at a rather slower pace than expected. In this situation, developers are required to focus on not just the global market scenario but also the local conditions in which properties are planned out. This would give them an edge over the other competitors in the market and also a steadiness to prove themselves. Hence, this little trick has become a life savior in order to understand the operating models to compete in different set of marketplaces.

Economic and regulatory conditions

After the commencement of new regulatory bill by the Indian government, there are now many hopes from the real estate conditions of the country. This also guarantees a sigh of relief for buyers as they will be now equipped with the right set of rules, which they can use to their defense anytime. Regulating more scrutiny for the builders, new reforms are a way of offering better understanding of the current situation of the market. Therefore, from the construction phase to the hand-over process, developers are now completely responsible of the project they are undertaking under a close eye of government.

Refined investor awareness

One of the factors that are responsible for such an outstanding performance by residential real estate is the awareness spread by the governing authorities. Buyers are now more informed about investing in this segment of real estate, which gives them an option of choosing from other segments as well.

After a decade of observing customers’ demand in real estate, developers must now brace themselves and prepare for the next 5 years of such expansion. India property Not only that, if builders start planning now they can definitely predict the demand drivers of the future investments. This is going to build a better and economical market that is not completely dependable on the spontaneity on the investment conditions. Additionally, by creating strong brand names, developers can actually make use of the situation. Although, there are plethora of changes that have already occurred in the real estate market of India, there is still a hope of better results from the rest of 2016 and coming years as well. The bottom line is that with the help of few suggestions, developers can actually prepare themselves for what lies ahead particularly in the residential real estate market of the country.

Real estate Gurgaon city

India has been ruled from Delhi for ages and this thought has been guided by many practical logics. However, Delhi or New Delhi has never been the true depiction for this Nation. The Mughals compressed the green rural stretch to make it their “Dilli” and further the British Government paralyzed the local business and end routed the riches to their country. So, Delhi has been historically important and even today stands as the capital city of world’s largest democracy, but if anyone who thinks of invading India today, probably they would channelize their energy to the city of Haryana which is located about 30 kilometers south of Delhi and the only reason behind it would be exponential growth that Gurgaon has witnessed in the last few decades which leaves even New Delhi behind.

 

Gurgaon is one the fast developing cities in India and everyday property in Gurgaon is achieving new heights. Every new day brings a fresh lot of population to Gurgaon who are looking for jobs and you people also look for accommodation here. If you are looking for flats in Gurgaon, it can be a tedious task but there are several real estate agencies around that are providing best residential solutions.

 

There is a consistent demand for properties in gurgaon from many people who come to Gurgaon in search of their lively hood and dream of eventually settle here. The major real estate demands here are Independent houses, apartments and flats. There are varieties of options available in terms of properties like fully furnished, unfurnished, under construction and ready to move. Depending on individual need people can choose the above list. The venues of these properties are Sohna Road, Golf Course Road, Golf Course Extension Road, Sushant  Lok, Udyog Vihar, DLF  City phase(1,2,3,4 & 5), near NH -8 , IMT Manesar, MG Road and south City.for more here

The Millennium City is emerging as the most happening places in India and the thrust of the population is equally high in the city. There are several big names of the real industry that are coming here and are engaged in some very successful projects. The saga of this chalky small town starts from being a Guru’s Ashram and presently being converted into the most glamorous town in the Delhi NCR. During this long journey of several decades, Gurgaon has been through various ups and lows and bravely withstood the test of time. Gurgaon enjoys a prominence in the NCR because of it huge calibre of IT and ITES industry, which is also giving a boost to the real estate websites industry.           `        `        `        `          `        `

 

 

Luxury Flats in gurgaon to become More Luxurious After 4G Auction

The upcoming spectrum auction has implications for those who live in luxury flats in Gurgaon and who live in more modest homes across the country as well. Most of the largest telecom players are likely to participate in the auction as 4G networking is almost certainly the future of telecom. 4G allows services which 3G cannot match, the speed of a 4G connection allows data to be transferred twice as fast or even four times as fast and a 4G connection is ten times faster than a 3G connection. It’s no wonder that the current auction by the government is likely to be the biggest in telecom history. All the major players are participating in the auction from new entrants like Jio to entrenched players such as Airtel, Vodafone, and Idea. I would not be exaggerating when I say that the telecom player who offer the best 4G connectivity will eventually edge out other players who don’t offer 4G services. A telecom player that offers 4G connectivity in the most circles in the country is going to rule the roost in the future, those who come up short on the number of circles where they offer 4G connectivity will over time lose a large number of customers to their competitors.

When a player has 4G connectivity in a large number of the 22 circles in India it can offer services at a lower cost to customers in those circles than players who have not been allocated 4G services in those circles. While 3G is fast, 4G and all the additional features it allows is needed for the next generation of telecom services which includes cashless payments between vendors and between buyers and sellers. 4G also allows for a vast number of additional services which include building an ecosystem around the telecom service providers. Many developers in the not too distant future shall create app’s and integrate them around a particular 4G network, hence a 4G network in the future shall transform a telecom company into a technology company that developers covet to be allowed access to for the developer’s services or products.

Already in many developed countries, voice calling is free; data is paid for and is the real money maker for many telecom companies in the west. Builders in Gurgaon may also need to adapt to the transformation of telecom companies into technology companies. Builders in Gurgaon should consider creating developments that have 4G connectivity from a major telecom player. They will also have to take into account additional features in the future that allow money for buy flats in Gurgaon to be paid for online using the backbone of a company that has a powerful 4G network. The emergence of technology companies around which a huge ecosystem of IT companies and developers grows is the new growth model where technology shall become both a great enabler as well as a leveler since even those living in villages in India shall have access to the same ecosystem as is available to city dwellers.

Many new phones on sale in the market are already preparing for a 4G revolution by offering phones which are 4G ready, as a matter of fact, there are fewer and fewer 2G and 3G enabled phones being sold every day as consumer vote with their wallet in favor of 4G.

Buying and selling property in Gurgaon may never be the same in decade or two, initiatives such as Digilocker provide the means to store official documents online where they cannot be lost or tampered with. In some time to come data regarding the ownership of new projects in Gurgaon may also be stored online in Digilocker which will be easily accessed using 4G connectivity. Such online facilities shall be available even to those who are not outright wealthy and live in affordable housing in Gurgaon; the widespread use of 4G technology will make the need for paper copies of documents unnecessary as all documents shall be secure online.  for more real estate news

Growth of Commercial Sector to Be a Rising Star for India’s Realty Sector

Many of us are not aware of the fact that India’s commercial real estate has garnered most of the profits since past one year. Office spaces in India are under great demands and that is the reason almost all of the developers are now concentrating to build more such buildings across the country. Whether it is a metropolitan city or a location that is under development, commercial segment has not left any part untouched. This has largely affected the investment options that are being offered to investors from all over the world. One such factor that is accounting to the growth of commercial segment is the investments being done by the global property buyers. There are many organizations that have their head offices located outside India, which are now trying to make entry into the Indian market as well.

 

Although, there are no doubts that commercial realty is going to be at a weal momentum at any moment, there were times when the market took its time pick up. Post the much talked about economic crisis of the country, there were not much investments in the office spaces as compared to the housing segment. It is because of the fact that not many people were interested in building up their offices in that situation, which automatically gave an edge to the residential market. However, now the scenario has completely evolved and real estate in India is making huge sum of profits with the help of establishment of commercial property segment.

 

Commercial real estate has found its way into the economy of the country by contributing a large sum of money through its profitable growth. With a dynamic market potential, the commercial realty sector owes its entire growth to the IT/ITeS & Banking and Financial Services and Insurance (BFSI). These segments have not only opened up new horizons for the office spaces but also given a much-needed push to the existing business model of the commercial realty industry of India. After witnessing high demands, the sector also gained a huge amount of traction by improving its corporate expansion plans.

 

India has gained a lot of criticism because of its impulsive economy structure but is now in a much better shape as compared to the last few years. Major cities such as Delhi-NCR, Pune & Bangalore in particular are being credited for their growth towards creating a strong infrastructure with employment prospects for many. By adopting the growth structure of commercial realty business, developers are driving the most number of investments to India making it an urban location with limitless opportunities. Also, by creating built-to-suit office spaces, builders have introduced a better way of attracting buyers. Not just buying, investors are also keenly interested these days into renting out office spaces to expand their businesses. Therefore, commercial real estate website is contributing to the rising demand of office spaces for entrepreneurs making their businesses expand at a much faster rate.for more click here

After the Indian economy exhibited a strong foothold, more horizons opened for enhancing the existing business model. This in turn has helped builders to make rational decisions according to the market performance for a sustainable development. Hence, office spaces in the country have acknowledged a new trend that is definitely here to stay!