Why are real estate developers offering easy payment plans?

Those who have purchased property in recent times must have noticed that real estate developers are offering easy payment plans. Did you try to find out the reason behind this? Most of the homebuyers don’t bother to know the reason as they are just concerned about the lower price.

Actually, this is happening due to government’s shocking decision of demonetization. Real estate market being one of the largest hubs of black money got affected worst by the move. Looking at the slumping demand, developers are left with no other option than cutting property prices to sell out the existing inventory. Different property website in India are nowadays flashing ads of discounts on properties to entice home buyers.

Another reason behind the offer is pressure from homebuyers. However, they are not paying attention to the demand of price cut; they tried to impress investors by offering easy payment plans. But do you know they are again using tricks to cheat first-time property buyers?

real estate websites

January to May is the peak season for sale of properties in India. Builders are trying everything to make most of this season. From pricing to easy payment plans and discounts, they are leaving no stone unturned to boost the sale of property. But to make sure that they don’t incur any loss, they are playing with the size of apartments.

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Some of the sweeteners real estate developers are using to flatter homebuyers and investors include:

  • Stamp duty waiver of up to 2.5% on home buying
  • Easy installment options with just 5% upfront payment and remaining payment on possession
  • Flexi payment plans for premium residential projects (10:80, 20:60:20, 50:50 etc.)

Though builders have seen some improvement in the market in last two months, they are still looking for more ways to draw the attention of investors and homebuyers. While browsing a real estate website, I read about the option of splitting the home loan between the developer and the buyer. Some builders in India are in discussion with the banks on this to make home buying easier for individuals. Even if a builder pays 2-3% of the loan, it makes a lot of difference for the home buyers. This is still better for the homebuyers than getting a smaller unit for a discount of a few thousand rupees.

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5 Things to Keep in the Mind When Using Wallpaper to Decorate Your Home

Do you hate the mess created while getting your home painted every second year? But it is important to get home painted to keep its beauty intact. Actually, in some parts of the country people still take it as a tradition to get home painted on Diwali. But the new generation neither has time nor patience to choose different colors and get them painted and then getting into the home cleaning mess.

real estate websites

They look for easy options and one of the best things they have found to make the home look beautiful is wallpaper. With these designer and creative wallpapers, they get an opportunity to create a new picture on the canvas of their home. But before investing in wallpapers, it would be nice to have a complete knowledge of it. Here are five important things that you need to know for wallpaper décor in your home. You can also read more about it on different property websites in India.

Wallpapers for complete home: The best thing about wallpapers is that these are not just limited to walls. You can get them pasted on ceilings, Cabinet, wardrobes, bookshelves and other areas.

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The condition of the wall:
Though it is really easy to decorate walls with wallpapers, to ensure you get the best look, you need to be careful about the walls. Lighting and moisture level has a huge impact on the look and design.

Bad smell: There is a huge variety of wallpapers available in the market. Based on different real estate projects in India, including commercial, institutional and residential, the companies offer a range of wallpapers. As you are buying it for your home, make sure these are odor-free and non-toxic.

Patterns and color: One of the biggest advantages of wallpapers is that these look exactly same as you saw in the sample. Be it the color or the pattern, you get what you expected, which is not possible with the paints. However, to get the best look you should carefully pick pattern and color for different rooms.

Moisture and seepage: Older wallpapers are not able to sustain moisture and seepage. Their quality and appearance degrade quickly in the areas with high atmospheric moisture. But now with a little search, you can find high-quality wallpapers designed with high moisture sustainable power. These are great for kitchen and bathroom walls.

With the countless options and limitless ways to use them on walls, wallpapers seem to be a perfect alternative to paints. And if you want to be more creative, you can also try a blend of both. Real estate website with the tips for home decoration can help you more. Just explore their blogs and you will get hundred other ideas to give your home a stylish and swanky look.

Real estate is driving growth of Indian economy

The real estate in India has been the foundation of the Indian economy and has been a noteworthy supporter in the monetary development. It is apparent from the very certainty that the Real Estate Sector contributes 8.53% of the aggregate GDP and furthermore saw development rate to the tune of 30%.

The out of box intuition approach took after by real estate sites have been instrumental in changing the substance of India. Many property sites provide essential information for the growth of real estate business.

The property builders have not exclusively been helpful in changing the substance of India yet in fact has been giving sustenance to 250 auxiliary ventures. The street doesn’t end here as this area has additionally been a decent manager, by being the second biggest work generator in the economy where the main five land players utilize more than 2.00.000 representatives at various areas and being the most elevated business to the BPL families. These days with the changing demeanor of individuals from living on lease towards owning their property, the land division has seen immense interest for the private section. The real estate websites in India is helping to increase the business improvement.

The interest for business improvement is additionally developing at a quick pace because of an outlook change from disorderly retail towards sorted out retail combined with MNC’s enthusiasm for setting up workplaces here in India.

The properties websites in India is helping in providing potential information about the real estate market. Going ahead, the situation would be the same as at present there is a lack of right around 27 million staying units and the Indian land business, which is evaluated at USD 15 billion, is probably going to be USD 90 billion by 2015, predicts ASSOCHAM. The lodging start-up list, which is currently at a pilot arrange, demonstrates that new lodging units in urban communities, for example, Kolkata, Chennai and Bangalore are indicating lesser development than the level II and III urban communities like Lucknow, Indore, and Patna and so forth. Reason being the development these urban areas are posturing regarding their outright business. According to most recent Knight Frank report, since last 2-3 months the Indian economy has seen change in all the monetary parameters be it expansion, IIP, imports, CAD, and so forth. In any case, for the second biggest crowded nation, work creation is of most extreme significance for it to come back to its high GDP development levels. Work creation principally relies on upon the work serious assembling part, which thus relies on upon the interest in this division. New interests in the economy have been dominated by the forthcoming general decisions regardless of enhanced monetary conditions. Monetary and political dependability are the indispensable impetuses for recovery of the land division in India.

property-websites-in-india

Furthermore, recovery of this segment likewise relies on upon the local arrangements like VAT, land procurement and other administrative approaches. In this present situation where the Rupee is still on the higher side, expansion is yet to achieve comfort level and the Indian monetary framework is gotten in the midst of liquidity trap, we designers cannot take care of the prospering demand from clients without the administration’s support. In this manner, keeping in mind the end goal to take care of the developing demand, we require the support of government by unwinding of standards to encourage the development of the Indian land part. The RBI ought to likewise mediate by lessening Bank repo rates to another 100-200 premise indicates and additionally decrease CRR to implant extra liquidity in the money-starved market. Additionally for the thriving of the part at general and clients everywhere, the legislature ought to encourage the endeavors of land engineers by giving least framework ensure under home strategy, unwinding rules on outside putting resources into Indian Realty, decreasing danger weightage and by giving the area business status combined with diminishment and consistency in stamp obligation. Quick need is additionally to get rid of the limitations on land advances. In this way it is my firm conviction that with our proceeded with development driven systems and exercises combined with due consideration and support from all-administration, banks, civil servants and media we will have the capacity to withstand any kind of economic situations and would assume enter part in taking Indian economy to next level.

property sites in India

The property sites in India are giving potential data about the most recent redesigns of the real estate. The real estate in India is developing rapid in the market. There is potential and most recent data accessible in the market. There are both prepared to-move-in and under development properties accessible in the market. The online market is making and giving potential data about the real estate apartments. Propchill helpline: 7827456456

property-sites-in-india

Property websites

The property websites in India are giving potential data about the most recent overhauls of the real estate. The real estate in India is developing quick in the market. There is potential and most recent data accessible in the market. There are both ready to-move-in and under construction properties available in the market. The online market is developing and potential data is given about the real estate market. Propchill helpline: 7827456456

property-websites

Residential Property to Become a Backbone of Real Estate Industry of India

The real estate development of India has been taking place at a rapid pace and with much-needed regulations it is becoming a profitable business by the day. These expansions are also required to improve country’s economy along with proper guidelines for property buyers as well as developers. Through these definitive steps, realestate in India is set to become a beneficial industry, which would be soon be responsible for driving most of the profits in the country. It is happening because of the fact that since past few years, realty segment was not being able to perform as expected, but the situation has now taken a sharp turn altogether.

Among different sub-segments of real estate, one of them is the housing sector of India, which is all set out to become a multi-million industry in itself. Buyers from all over the world are investing money in residential property as it has projected a high quantum of growth with the advent of new policies. Thus, with its new qualities and a properly defined structure, residential market is expected to make profits by attracting most of the future investments into its direction. This process would in turn prove out to be extremely advantageous for the future growth of overall market of India.

Being a delicate market, India’s real estate industry often comes across quite a few challenges that are sometimes fatal for its expansion. However, with time, this situation has taken a different shape as government is completely involved in repairing its past mistakes. Therefore, the country is now moving on with a well-structured strategy that is going to prove fruitful for the present and future endeavours as well. Knowing that there is a huge demand model for the housing sector, builders should now involve themselves into making a systematic business plan for overall development. This would ensure an error free supply and demand mechanism that is actually very much needed in the presently functioning business model of the country.

Residential property is one such aspect of Indian real estate industry, which is very much dependent on country’s economical performance. This is the reason behind the continuous market turbulence in the housing segment, which is always under the scanner of regulatory authorities. Since last decade, the segment has received much acclaim for its development and that is one of the reasons why people are keen on investing in it. Apart from that, reasons such as constant growth and fair market returns are to name a few of the increasing features of the housing industry. Moreover, the commercial real estate is also picking up pace and finding a room for residential property segment too. This co-relation between both these sectors is proving out to be extremely lucrative for a structured growth of the country.

Buyers who have been planning to invest money in buying a residential real estate can do so by finding an appropriate and government approved project. Among a plethora of attractive options, it is important to find the one that is futuristic and built with all the modern-day features. Also, investors should also be aware of the new schemes and discounts, which are very much in demand these days. Hence, with the help of these few easy steps and awareness, residential real estate market is going to pick up a faster pace for better returns in future.buy-house-in-india

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.4

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.4

Real Estate or Property Websites in India – Technology and Partnership Model

The ‘Make in India’, ‘Digital India’ and ‘Startup India – Standup India’ campaigns have generated a lot of enthusiasm not only in the Indian industry but all across the Globe. We have all the major IT giants like Facebook, twitter, Google, CISCO and the latest being Apple CEO Tim Cook lining up to meet the PM and promising to dole out new ventures and participate in the above programmes. Google has already signed an MoU with Indian Railways for establishing free WiFi connectivity at 500 railway stations. All these initiatives are indicators of how technology is going to steam roll into India in the next few years. After all a 1.2 billion populations is by no means a market to be overlooked.

The impact of this tech-invasion, if we may call it so, is all dependent on how different industries respond to it. Whichever industry or sector is able to grab the initiative; think out of the box to exploit these government programmes with a ‘digital’ foresight will rule the Indian market. One thing is for sure that the internet penetration in India is going to increase exponentially in the coming years.

Real Estate sector in India is one such sector which needs to seize this opportunity. Real Estate property websites in India are examples of business models implemented without technological backing or forethought. They have been there but doing the same thing, or at best repackaging old formats. There is a huge scope for Real estate websites in India to exploit these new initiatives and drive transparency in the real estate sector in India, which has been its single point of failure.

Property websites in India have an opportunity to lead the way and pull out the real estate sector from its present slow-down. Indian Property websites need to get away from the age old features of listings and sale-purchase business models. Analytics, virtual reality, big data are the domains where the real estate websites in India need to focus.

For this to happen the real estate sector needs to partner with Indian real estate websites to create a platform, which exploits technology to enable decision making models for the market. Real estate websites in India need to exploit technology to revive user or investor confidence to a level where it starts to contribute towards an effective business model. If the real estate sector is looking for the recovery cycle to start anywhere soon, it needs to take the real estate websites on board at the earliest.

The opportunity has presented itself and if the Real estate property in India is unable to leverage the potential, then it has nobody else to blame but itself.2

Property Websites in India – Time for a Re-plug

The present internet penetration in India is 25 million, this figure is going to be 50 million by 2020 and India would be the second largest in the World. As per Google 8 million people search for property online in India, out of these 50% are potential buyers.  By 2018, 20 million users would be searching for property online in India, this implies that 10 million of potential investors would be using internet to shortlist property. These figures highlight that India has a huge potential for online real estate market, which needs to be tapped. Real estate websites in India need to take into account thi3s aspect and come up with ingenious products which meet the end user expectations and requirements.

 

In 2013, 60% of internet users were less than 25 years of age and by 2018, 50% of internet users would be more than 25 years of age. This implies that the presence of potential real estate buyers in India on the internet is going to increase year on year. Real estate in India is also eying a year on year growth of 25% in online sales. With such huge potential and untapped market, the real estate and property websites in India need to take on the challenge and grow the online resources so as to meet the end user requirement.

 

At present real estate and property websites in India, in their exuberance to capture more end users, try and cater to the entire spectrum of real estate; i.e. from primary to secondary and from residential to commercial; thus there is no specialisation and it is free for all. Almost all the real estate property websites in India follow two models. (a) Extract information from the user by having property listings, primarily catering to the secondary market (resale).  (b) Tying up with real estate developers and list their projects. These two methods also work as their business models.

Real estate and property websites in India based on the above two models merely provide platforms to end users, brokers and developers to either post their properties or projects.

 

There is a requirement to move on and look at mechanisms to enhance the end users experience by providing insights and analysis. This can happen only if the real estate websites in India move onto an ‘information based’ model and look at specializing in one specific market, like residential primary market or commercial secondary market. At present these websites seem to following the quote ‘jack of all trades and a master of none’. If this aspect is not implemented in the near future, real estate and property websites in India can forget at capturing the interest of the potential investor, towards online purchase of property. The internet penetration would definitely increase, however the real estate sector in India would once again be left behind in this technology race. It is a unprecedented opportunity for real estate websites in India to herald technology and transparency into a sector which has always shied away from it.