A detailed guide on Banglarbhumi | Land Records at banglarbhumi.gov.in

a-detailed-guide-on-banglarbhumi.gov.in

Land records information on the ‘banglarbhumi.gov.in’ portal not only helps users save time and effort, but it also helps the Revenue Department to offer more transparency.

Located in the eastern part of the country West Bengal has become one of the most developed states. Of course, it makes sense to buy property in West Bengal as it can really help you make a smart investment. If you want to buy land, one of the most important things is to check the land records. There have been cases of fraud where people have been caught in making fictitious transactions. Anyone could have avoided such transactions simply by consulting the land records.

If you have chosen a plot for investment, you have to check the land records and registration. However, now you do not have to visit government authorities to check land records. With Banglarbhumi, you can check the land records by a few clicks.

With this website, you can find a lot of other information that will be extremely useful and practical for the people of West Bengal. On Banglarbhumi, you can find detailed information about the registration of a particular property in West Bengal. You can find information like owner’s name, plot number, land area, property value and much more.

What is Banglarbhumi?

In West Bengal, documents related to land and real estate are available online through Banglarbhumi 2022, also known as Banglarbhumi. If you have land in West Bengal and want to see all the details of your land then Banglarbhumi can help you out.

This website has been launched by the West Bengal Land Registration Ministry to help people easily see all the information related to their land. Detailed property information such as owner name. Property area/size, plot number, and value of property is available on the Banglarbhumi website. This portal reduces user effort and also helps the Department of State Revenue provide greater transparency.

The main services provided by the portal are: Conversion application, Plot maps and related information. ROR application, mutation application and related information, ISU administration, Thika ownership, land allocation, etc. In this article, we have discussed all the important points related to this website which can help you understand things better.

Services available at Bangalarbhumi.gov.in

Before proceeding, please review the services available on the Banglarbhumi Land Information and Registry website. Some of the services are.-

Online land records/Bhulekh West Bengal/ West Bengal land record search by name
Digitization of maps and records
ROR application
Training (ARTI and LMTC)
ISU management
Land distribution
Thika tenancy
Rent controller
India and Bangladesh border demarcation
The state administration for land use

What is RoR?

RoR (Record of Rights) are records that contain information about how the owner acquired land rights. It also contains detailed records of all property-related transactions over time.

How you can register on Banglarbhumi website?

If you have previously used the Banglarbhumi website. You will need to log in with your credentials in order to use the citizen services. To use the online citizen services, citizens must have to register on the portal at “https://banglarbhumi.gov.in/BanglarBhumi/Home.action”. Follow the given steps for registration.

Simply visit www.banglarbhumi.gov.in
On the top click on the ‘sign up’ option.
Now create your Bangla bhumi profile and log in to “‘Citizen Services” as a “citizen”.
The public registration Bangla bhumi form appears.
In the form, fill all mandatory fields, such as name, guardian name, address, email address, PIN code, municipality, PS, district. OTP received via email with ID and phone number, password and verification details. Finally click on ‘Submit’ for successful registration.

If you are a department user, then visit “citizen services” and click on “Department User”. Also enter your username, password and fill in the captcha data.

Types of forms available on Banglarbhumi and how to download them?

There are several types of forms available on the website.

Application for Mouza Map
Application for Mouza Map
Mutation_Application_Bengal
Declaration for Mutation
Mutation application form
Application for Dumdum cantonment land
Form 1(D) Application for Post-facto conversion
Lease of Tea garden in Retained land
Affidavit for Conversion
Application for Conversion
Application for Conversion

To download the forms, click on the ‘download’ option and select the desired Banglarbhumi form by clicking on the appropriate PDF file. The forms are available in both English and Bengali language. Or you can simply visit “https://banglarbhumi.gov.in/BanglarBhumi/Forms” and select “Downloads”. A new web page opens with a list of forms, further download the desired form.

How to View Land Records at Banglarbhumi website?

Follow these simple steps to view land records in the state of West Bengal. To access West Bengal khatian & plot information in West Bengal visit Banglarbhumi website. You do not need to register to receive this information. Follow the below steps.

Visit Banglarbhumi’s official website ‘banglarbhumi.gov.in’.
On the top right corner of the homepage, click on the button “Know your property” option.
Select the following- District name, Block, Mouza
There are two search options in land registers: Plot and Khatian
Fill all your details.
Enter the captcha code.
Finally click on the “View” button to view the land records.

Check Land Records if you have a Query Number

Follow these steps to find the details of the plot using the application number.

Visit the Banglarbhumi portal, on the top right corner click the “Query Search” button. A web page is displayed on the screen. Now complete the details like Query number, Question year, and Captcha code. Finally click on the ‘Show’ button. Your information will be displayed on the redirected page.

What is Mutation Application and how to file it?

Mutation is the transfer of property from one person to another through the sale or transfer of property. Mutation can only occur after registration of ownership.

The mutation application form is available on Banglarbhumi online portal. Users must fill in all the required data correctly, otherwise the application request can be rejected. Once the application form has been submitted with the relevant data, an application number will be generated for the user which will allow them to check the status of application.

Process to fill Mutation Application

Visit ‘banglarbhumi.gov.in’, login to your account, click on “Citizen Services” and then go to the “Online Application” tab.
The list is displayed.
Select the ‘Mutation Application’ option.
Fill in the basic details of applicant, Particulars of Transferer, List of Enclosures, upload the necessary documents. Finally click on the “Submit” button, a reference number will be generated.

If the fee is paid via “online mode” the case of mutation number will be registered quickly. If fees are paid using ‘counter payment’ option of GRIPS. Then you can confirm your payment and register your case using the Application- GRN Search from Online Application option.

How you can pay the fees?

After registering, you can pay the fee in the “Online application” menu and click on “Pay fees” option. Then fill the Request type, Application number and click “Next” for payment options.

Check the status of a Mutation application

Follow these simple steps to check the status of your mutation application.

Go to the Banglarbhumi’s official website
On the homepage, click on the “Citizen Services” option. Further click on ‘Mutation Status’.
There are two options for searching for mutation status: “Deed wise search” and “Case wise search”. Choose the desired option.
Further choose the Mouza, District name, and Block.
Finally click on the “Search” button.

How to check Mouza details on Banglarbhumi portal?

A user can easily check the status of Mouza application by given steps-

Simply log in to ‘banglarbhumi.gov.in’ official portal, on the homepage click on “Mouza Information”.
A web page opens, now select the district for Mouza.
The Mouza information will be displayed.

How to easily Fill a Land Conversion Application?

If you want to fill a land conversion application then simply follow these given steps.

On the homepage of Banglarbhumi portal, click on the “Online Application” option.
Select the ‘Conversion Application’ option and fill in all the required details such as district name, block, police station, mouza details. Also fill other details like Jurisdiction List No., Khatian No., Area of the Plot, Plot No., and existing classification of the plot.
After confirming the required details, click on the “Submit” button. An application number is generated once you submit the application.

Documents required for Land Conversion application on Banglarbhumi?

Land Conversion requires several documents, following are some of the documents.

Sketch map of the property and its surroundings (at the entrance from the road)
Receipt of rent.
NOC from the West Bengal Pollution Control Board.
Current record-of-rights.
An affidavit stating creation of alternative/compensatory water resources.
Mutation certificate.
Detailed project report (DPR) reviewed and approved by the competent authority.

File and Submit Public Grievances or Complaints on Banglarbhumi

The Banglarbhumi website also allows the user to submit their comments or complaints online. Follow the steps below to submit your comments online on Banglarbhumi Portal.

Visit the official website of West Bengal Department of Refugee Assistance and Rehabilitation and Land and Land Reform (banglarbhumi.gov.in).
Click the “Public Grievance” option in the upper right corner of the official then select “Grievance Application” from the menu.
Now fill the required fields, fill the captcha and click “Submit”. By this way you can easily file complaints on Banglarbhumi online portal.

How to check status of Grievance Application on Banglarbhumi?

You can check the status of your request after submitting a complaint request on the Banglarbhumi portal,

Go to Banglarbhumi’s official website, then click on the “Public Grievance” option.
From the drop-down menu, select “Grievance Status/Description”.
To see your report status, enter your username and captcha and click “Show” option.

In conclusion, we note that the Banglarbhumi portal (banglarbhumi.gov.in) is an attempt to provide digital services to the citizens. The portal allows the user to get information about Mouza, mutation services, search for properties, and handle complaints.

FAQ-

How do I request certified copies?

On the ‘banglarbhumi.gov.in’, this request will be displayed in the ‘Service Delivery Option’. Select whether you want to receive a certified copy of ROR, land information from WB Land Information. Then it will ask your details and then take you to the payment gateway. Further make the payment and complete the process to get certified copies.

Does the mutation fee vary on land?

The mutation charges or fees varies according to type of land. The mutation fees is different for non-commercial land, non-agricultural land, commercial and industrial land, or agricultural land. It also depends on location, rural area, and municipal areas under Kolkata Metropolitan Development Authority (KMDA) jurisdiction.

How online land records have boosted real estate in West Bengal?

The advantage of online land record is that you can check the land records and find out all the details about the land. You can also check if the land has any outstanding obligations that may bother you after the investment. In general, Banglarbhumi has only advantages and contributes to greater transparency in land investment. It has also boosted the real estate market in West Bengal as many people have trust on land records due to the availability of land records over the government portal.

What are some other services offered in Banglarbhumi?

The ‘banglarbhumi.gov.in’ portal offers several services in addition to the ability to view property information. By using the website, you can take advantage of various citizen services, but to do so, you must first create an account. By creating an account, you will be able to use all citizen services like Digitisation of maps and records, ROR application, ISU management, Land distribution, Thika tenancy, etc. You can also file a complaint by public complaints or public grievance option. It is undoubtedly the best government portal in India integrating government services with land registration information for West Bengal citizens.

How do i search mutation status by deed wise?

You should enter the correct document number and document year, if you prefer to check the status of your mutation case using the deed wise search option. Finally, click the “Submit” button to view Plot Khaitan land ownership status using the capture option anytime, anywhere.

Banglarbhumi: Thika tenancy on website

The West Bengal Land Ownership (Acquisition and Regulation) Act, 2001 allows owners to acquire shares in land constituting such property for the development and fair use of such land. The Kolkata authorities cover 100 wards of Kolkata Municipal Corporation.

Also read:-

MahaRERA website set to display complaints on promoters and projects

Noida authority plan policy to ensure periodical structural audits of buildings


8 Factors to consider before you buy commercial property in Noida!

8-factors-to-consider-before-you-buy-commercial-property-in-noida

Planning to buy commercial property in Noida? In this article, we have summarized some important factors that can not be ignored when investing in commercial real estate.
Commercial real estate provides an attractive return on investment by creating multiple sources of income within the same category. In a thriving city like Noida, investing in the commercial segment contributes to a strong diversification of the investor portfolio. However, there are many things you need to know before investing in commercial real estate.

Factors before you buy commercial property in Noida!

1- Budget PLANNING

Every real estate investment comes with a big capital and therefore requires careful planning. Do not start researching your property until you have the right budget that determines what type of property you can buy. Once you are sure of the locality, allocate your budget to the purchase. Put a buffer with at least a 30% on what you are planning, as there are always extra costs. This will help narrow down the commercial business opportunities available to you. In case you can not get the full investment amount, there are usually options for a small payment along with a mortgage for the remaining amount.

2- Property Location-

The most important aspect to consider is where your commercial property is located and how economically profitable the locality is. The location of your business is the most important aspect for its overall success. Both capital gains and rents are determined by the location of the property. The property should be situated in a safe, green and ideal area for your customers.

Investing in a developing area will be a plus point and give a higher return on investment than in an already developed area. While other factors may be compromised, the location factor should be a must in your decision making process. In addition, the area must be well connected so that travel is not a problem for your customers or employees.

3- Check the legalities-

If you are a newbie then it’s better to consult a property lawyer. A good lawyer will ease the litigation process and ensure that your commercial property is free of any legal issues. This is something you don’t want to deal with later. The tenant or buyer can renegotiate or evict you or even sue you if there is a dispute regarding your property. So, before you buy commercial property in Noida make sure that there are no legal consequences for your property.

4- Structure of lease-

Analysis of the rental structure can provide great benefits in the long run. There are also closing periods where tenants cannot leave the premises. Try to formulate a lease structure that works for you. The longer the lock-in period, the more stable your rental income source will be.

5- Additional Charges-

Generally these are the charges that are spent on the operation and maintenance of the property. Additional charges can drain your profits if you do not take them into account and allocate money in advance. These charges are often not mentioned directly, many people make the mistake of not including them in their budget plans and end up suffering. There are various types of hidden fees such as GST, parking fee, renovations, broker fee, preferred location fee, stamp duty and registration fee. These costs usually recommended to discussed in detail when concluding the contract.

6- Security deposit-

Security deposits for commercial leases are very loosely regulated. This way, owners can charge what they deem appropriate and use the deposit they deem appropriate (even charge interest on the payment). Requiring a deposit also a method used by landlords to cover the risk of a tenant not paying rent on time. If the tenant fails to pay rent, the landlord can deduct funds from the deposit to maintain income, at least for a short time.

In most cases, the deposit after you move out of the property is used to pay for any damages that may have occurred before a new tenant moves into the property. If the landlord uses the deposit to pay compensation after the end of the lease, they will give you a receipt.

7- Find ideal Tenants-

Once you have bought commercial property in Noida, now it’s time to get an ideal tenant. Find your ideal tenant by determining the location and budget of the property. Whoever you choose as your tenant can play a big role in increasing or decreasing the value of your property. Ideally, multinational companies can be good tenants because their presence in your property adds value. A good tenant not only pays rent on time, but also makes large deposits and is more likely to stay longer. A good tenant should have a healthy track record of on time payments, a positive credit report, and a stable source of income. They should have good references from past landlords, and there shouldn’t be any history of eviction or dangerous behavior. 

8- Diversify your portfolio-

Commercial real estate is not free from risk and loss. However, investing in multiple properties in different localities can reduce income volatility, which means less risk. By diversifying your investment across different localities, you can take advantage of ups and downs in different markets and protect your money from a major correction in a particular market. If all your properties were in the same market and that market suffers a slowdown, your portfolio would suffer losses. Therefore, if you have enough funds, then try to diversify your investments.

Conclusion-

Remember that there is no universal rule for investing in commercial real estate. You need to do proper market research before making a final decision. So in order to buy commercial property in Noida, you need to consider all the above factors.

Other links:-

Noida authority plan policy to ensure periodical structural audits of buildings

Best places to live in noida

7 Important Tips to consider before buying a flat in Pune

7-important-tips-to-consider-before-buying-a-flat-in-pune

Ready to buy a home? Here are 5 factors to consider before buying a flat in Pune.

Investing in a new apartment is one of the most important decisions you’ll ever make. Before buying a property, it is important to analyze it from different points of view. After all, no one invests in real estate every other day. Some of the most important factors to consider when buying a new apartment or house are location, price, and ownership.

A wise and thoughtful decision will make your life easier, calmer and happier. This post is applicable to any metropolitan cities in India, such as Hyderabad, Chennai, Mumbai, Bangalore or Kochi. Here is a comprehensive checklist that you can go through before investing your hard earned money in an apartment, store or office.

Factors to consider before buying a flat in Pune

Location:-

The location of the house is of great importance. To find a good location, it is best to assess your family’s needs for at least the next 20 years. Check out for good schools and colleges and hospitals in the area and connectivity to them. Also, do not neglect the need for a shopping mall or supermarket. One does not always want shopping trips to feel like long journeys. In addition, the presence of excellent medical facilities and public services such as parks, metro stations, etc. increases the value of the property. Pune has several areas with excellent transport links where you can find everything you need.

Also read:- Best area to live in Pune

Property Price:-

The first step in selecting an apartment is to finalize the budget. It is easier to choose an apartment if you know how much you are willing to spend on it. Compare the price of the property in question with prices from different developers to make sure that the developer actually offered you the best price. There are many ways to compare properties in your area of ​​interest. Such sources are lists of portals, local brokers or lists of newspapers.

Access and connectivity:-

Take a test drive from the project to your office or workplace and measure the time required. If by train, check how long it takes to get to the station and whether there is transport to and from the station. Before buying a flat in Pune check for upcoming infrastructure projects will improve the connectivity to the project.

Possession date:-

Think about when you would like to take possession of an apartment. An under construction property can be cheaper than a property that is ready to move in. It also allow you to pay only a temporary EMI while the project is under construction instead of a full EMI.

Security:-

The safety of neighbors and relatives is an aspect that should not be overlooked when planning a move. If you are planning to buy a home in a metropolitan area, simply check the security systems such as the number of security guards on duty, the presence of an intercom, registration of visitors and their vehicles, etc. Consider these points carefully before investing in real estate.

Legal Check of Property:-

Make sure the property is approved for construction where it is located. The client must have approvals and NOCs from the district development authorities, the water and sewer department, the electricity supply department and the Municipal Corporation. However, if you are taking out a mortgage loan, the relevant bank will check your property documents before approving the loan.

Hidden and Additional Charges:-

Be sure to read carefully all the points in the documents and understand the provisions of the sanctions. The developer is obliged to pay you a monthly fine if you do not take over the apartment within the deferral period. Additional costs such as stamp duty, GST, mortgage processing fees, registration fees and all other fees must also be taken into account.

Conclusion-

When you feel you are ready to become a homeowner, it is important to point out the most important things to consider when buying a flat in Pune. There are several factors to consider, such as your preparation, local market conditions and making sure you know these factors before buying an apartment.

Also read:-

MahaRERA issues warrants for Rs 633 crore against errant builders

Budget 2022: FM allocates Rs 48,000 cr to boost affordable housing!

6 Common home renovation mistakes that decreases your property value

6-common-home-renovation-mistakes-that-decreases-your-property-value

Planning to renovate your home? Here are some common home renovation mistakes that can lower your property value.
Home renovation is a serious and expensive investment that should not be taken lightly. Many homeowners, when trying to renovate their home, tend to add too many personal items to the space. However, what you love so much about your home will not necessarily attract a potential buyer. In fact, it may even become their main source of disgust. Home renovation is supposed to increase the existing value of the home, but sometimes it can affect the resale price. Therefore, greater attention to market preferences when renovating a home becomes necessary to get a profitable business when selling.

Some common home renovation mistakes are-

Over Customizing:-

When renovating a home, many may overdo it with customization. People spend way too much on renovations to make sure everything looks according to their needs. Not all customization is good and comes with a number of drawbacks that can turn off potential buyers. Whether it is paint color, flooring, lighting, carpets, etc. Sometimes over-customization can affect or reduce the value of your home.

Overdoing textures:-

In the case of painting a normal wall several processes like sanding, base coating, gap filling, etc. are involved. Hence, to save extra money from sanding and sealing rough walls, many people cover them with textured items such as wallpaper and textured paint. Removing texture or wallpaper can be a daunting task, and most home buyers will refrain from buying a home with an upcoming project or low price. Therefore, overdoing texture can deter buyers.

Changing rooms layout:-

Sometimes to increase area many people combine two bedrooms in order to make a master bedroom. Increasing space is not a bad thing if you are not planning to sell your house. However this decision can backfire if you are planning to sell your house in upcoming days. Most home buyers want separate bedrooms for their children or parents. If you combine two small bedrooms into one, then it can be difficult for you to find a buyer and even get a fairly low price from them.

Installing additional electronics items:-

Having an embedded electronic system is rapidly gaining popularity among the buyers. From home theater systems, Alexa, and built-in music speakers, many people are now installing high-tech built-in electronics in their homes. However, the potential buyer may not be a big fan of such electronics items, and all your renovations can be considered a waste of space. Try not to take up a lot of space in your home, but instead make sure your target customer can enjoy it. This is one of the major home renovation mistakes that most people ignores.

Doing things on your own:-

Instead of consulting a professional help, many people tend to repair or renovate their homes by themselves. DIY renovations can include changing curtains, changing direction of shelves, rearranging beds, sofas, etc. However things can go bad in case of major renovations like electrical fitting, painting, plumbing, false ceiling installations, etc. DIY major renovations can result in decidedly poor craftsmanship, resulting in lower value for the home. A little personalization work is good, but the construction and repair of a house should be left to professionals. Buyers can quickly point out poor craftsmanship, and you may have to pay extra to have it repaired or see the overall value of the home fall.

Too bright or bold Paint Colors:-

Too many bright or bold paint colors can turn off any buyers thus, resulting in no sale. It is a simple but important decision to repaint a room before putting your home up for sale. While painting, select neutral colors to give buyers a blank canvas which can assist them in visualizing the home in their own style.

Conclusion-

There are many more home renovation mistakes, such as developing a swimming pool, renovating only the kitchen or bedroom, and installing a fancy bathroom that can reduce the cost of your house. You need to calculate and avoid over-customization when you need to renovate your home. If you are planning to sell your property in the near or distant future, be sure to avoid these mistakes when renovating your home.

Also read:-

Budget 2022: FM allocates Rs 48,000 cr to boost affordable housing!

Types of real estate investment in India

5 Different types of real estate investment in India | Investing in property

5-different-types-of-real-estate-investment-in-india-investing-in-property

Planning to invest in real estate in India? Before you get started, you first know the types of real estate investments available in the Indian market. Real estate investment is considered as one of the most profitable businesses. Sometimes a property may bring instant cash in rare cases, such as a sudden increase in value due to market reasons or due to the unique location of the property. While in some cases an investor has to wait a long time for the land or property to increase in value. The demand for real estate has increased markedly compared to the supply in the current market. Thus, making this the perfect time to start your investment.

Some types of real estate investment in India are-

Raw land-

Raw land usually refers to undeveloped land or agricultural land. Many investors saw this as a good investment because it is tangible and has limited resources. In addition, buying land will save you from the hassle of repairs and the worry of theft or damage to property. Compared to buying a house or warehouse, land can be a much cheaper investment. The main disadvantage of this, however, is that it can not generate revenue alone.

Residential real estate-

Residential properties refer to any property used for residential purposes. These include independent homes, apartments, and duplexes. Residential real estate is ideal if you want to build your dream home or start a family. Real estate in the form of apartments is still in high demand due to its convenient location and access to nearby important locations such as shopping malls, hospitals and shops. In terms of profitability the residential real estate is a good investment option.

Commercial real estate-

Commercial property refers to any real estate whose primary motive is to provide business operations and services. Generally these properties include residential complexes, office towers, petrol pumps, hotels, hospitals, parking lots, etc. In this types of real estate investment in India, the investors are usually entrepreneurs or business owners who want to build their brand in a specific location or want a workspace for their employees. In this type, most of the profits are generated from rental income of the property.

Industrial real estate-

Industrial properties are defined as all areas, buildings and other objects on which industrial activity is carried out. These include warehousing, production, assembly, manufacturing, research and distribution of goods or products. The zoning laws usually specify in which areas of the city these facilities can be designated. So that they do not interfere with residential areas and other nearby areas while in operation.

REITs-

The Real Estate Investment Trust (REIT) manages or owns commercial real estate that generates income. REITs are one of the most effective assets in the real estate market, which can fetch you a higher return on investment. You can select different types of REITs to get the most out of your portfolio. Such as office, retail, healthcare, and housing. One can invest in these companies through an exchange traded fund or an investment association. The special thing about this type of investment in real estate and land is that they benefit from the state’s exclusive tax treatment, and the income that the investor receives is higher and easily converted into cash compared to other forms of investments.

Conclusion-

Real estate is without a doubt an attractive investment. However these different types of real estate investment in India come with their own risks and rewards that an investor should carefully consider before investing. There are several real estate options on the market, residential real estate is still one of the most popular options. One should not take an impulsive decision because the amount involved in real estate investing is huge. Many realize the economic benefits and reap the rewards in the long run.

Also read:-

Maharashtra removes tax on residential properties up to 500 sqft

Karnataka Govt. cut property guidance value by 10% for three months

8 Effective Tips to buy your dream home with a single income!

tips-to-buy-your-dream-home-with-a-single-income

Buying a home with a single income can be challenging and daunting task for some home buyers. Even if you buy your first home, it is a good option to own a home with a single salary with a little financial overview. Since you need to spend a significant amount of money to invest in real estate, there are many factors you need to consider to ensure a good return.

Different home buyers have different intentions of investing in real estate. For some people, it may be a dream home that they would like to buy. While for others it may be a profitable investment for the future. Therefore, it is more important to understand your needs when investing in real estate. Here are some important points that can help you buy a house with only one income.

5 Tips to buy your dream home with a single income source!

Budget-

The first tip is to evaluate and complete the process of estimated budget. Properly examine the market value of property you are planning to buy. For example, if you are looking for a 2-bedroom apartment, research the prices for such projects from different builders. Also look for estimates of additional costs such as interior and maintenance costs. This will give you a rough estimate of the required budget.

Down payment and Credit Profile-

In India, the government allows a maximum loan of 80%, which means you have to put a 20% down payment for your home. You should start saving as soon as possible if you are planning to buy your dream home. Another tip to buy your dream home with a single income is to maintain a decent credit history. Here are some tips to help you maintain a good credit history:

Make sure to pay off all previous loans before applying for a home loan.
Try to avoid any expensive purchases before applying for a loan. A purchase before applying for a loan should not exceed Rs. 64,000.
Maintain a good credit score by paying your credit bills on time and also try to make your debt to income ratio.

Location-

Location is an important factor in determining the value of your investment. In real estate, investing in a perfect location is the most important step. This could be your hometown or the place where you work. Generally remote locations will be cheaper than locations in a thriving city. Therefore, depending on the purpose of your investment, choose the place that suits you. If you prefer living in a quiet and green area, away from the noise of the city, consider buying a house or land in the suburbs. However if you like living a modern lifestyle close to your workplace, then invest in an affordable apartment.

Co-borrower or guarantor-

Having a co-borrower or loan guarantor can sometimes help you overcome the loan process hurdle in case you do not have a very long credit history. When assessing the application, the lender will take into account the co-borrower’s credit history, assets, and income. Your co-borrower not only helps you apply for a loan, but also helps you get the best loan terms. Thus, helps you buying your dream home with only one income source. Be aware that your co-borrower become responsible for the payments and hold a joint title of the property with you if you do not pay off the loan amount.

Adequate Market Analysis-

Knowing the latest market trends, interest rates, prices, and policy changes will enable you to understand the market situation and accordingly plan your investment. You should conduct a proper analysis of the market trends to protect yourself from any real estate fraud. Compare and find out pros and cons of different types of real estate. You should not blindly trust any agent or broker you know. Always seek a second opinion from a certified real estate consultant before committing to a financial transaction.

Government Policies-

Keep an eye out for changes in government tax policies, home loan policies, interest rate fluctuations and other government exemptions. Checking the policy changes is crucial when buying home with a single income to avoid major problems. Check the applicable property rules set by the government so that you are well informed about the necessary legal procedures. In India, for example, real estate must now be registered under the RERA Act, which protects the rights of the buyer and provides greater transparency in real estate transactions.

Choose best EMI plan for you-

EMI tenure is probably the most important factor to consider when applying for a home loan. Check how much you can afford to pay each month on a mortgage. For your family to function smoothly, the EMI of home loan should not exceed 40% of your net income. Consider increasing your EMI for a shorter loan period if you have additional sources of income in addition to your monthly salary. According to real estate experts the best term for a home loan is around 15-20 years.

Property type-

It is important to decide the type of property in which you are investing.The price of properties varies and depends on size, location, age and type of property. In addition, prices will vary depending on the number of rooms, facilities and the quality of the materials used. Investing in a ready to-move-in apartment or an existing apartment is a great way to generate monthly income. Since you can rent them out easily after buying the property. On the other hand, under construction projects will cost much less than the cost of completed projects in the city.

Conclusion-

So, these are some important points that you should remember before buying your dream home with a single income. The Indian real estate market is saturated with several types of real estate, ranging from apartments, plots, villas and commercial premises. According to real estate experts, preliminary market research can help you focus on the ideal property.

Also read:-

Best place to live in Navi Mumbai

Is it worth investing in Yamuna Expressway

Difference between REITs and Direct Real Estate Investments?

difference-between-reits-and-direct-real-estate-investments

What are REITs?

REITs buy and develop real estate primarily for the purpose of using it in their investment portfolio. REITs or Real Estate Investment Trusts are companies that own and operate properties for the purpose of generating income. Unlike other real estate companies, REIT does not build real estate for resale. These are the companies that manage portfolios of high end properties and mortgages. People can participate in large real estate revenues through REITs.

What is Direct Real Estate Investment?

Direct investment in real estate means buying a particular property at a stake or the acquisition of property from a particular person. This implies a significant share in an asset, whether it is a shopping mall, an office building or an apartment. This type of business allows investors to generate income by rental investment. It even allows you to monetize the valuation of the assets you own. As the price increases over time, you get a significant return on assets.

Key difference between REITs and Direct Real Estate Investment!

Direct Real Estate Investment offers more tax incentives than REITs and also investors have more decision-making power.

In case of REITs, investors invest their money in a diversified portfolio of commercial real estate assets. But in case of direct real estate investment for commercial offices, investors invest in a single office property only.

Individual investors can take advantage of real estate through a REIT without the need to own or manage real estate.

Compared to Direct Real Estate Investment, REITs are easier to buy and sell because many of them are publicly traded on exchanges.

Difference between REITs and Direct real estate in terms of returns!

There is a major difference between the returns of both investments:

In the case of REITs the ROI will be clearly structured, realistic and risk-free. They are ideal for investors who want a stable income with minimal risk.

During the time of inflation, property values tend to rise as property prices and rents rise, resulting in higher returns for REIT investors. Realistic ROI from REITs can be expected in the range of 7-8% per annum after adjusting fund management fees.

REITs must distribute at least 90% of the taxable profits to shareholders, and dividends of 5% or more are common.

How do REIT investors generate income?

Like any other business REIT requires capital. The investors of REITs make money by renting, leasing or selling the assets they buy. Shareholders elect a board of directors, which is responsible for selecting investments and recruiting a team to oversee them on a daily basis. FFO, which stands for funds from transactions, is the most common way of calculating REIT income.

REITs Investors generate following types of income:

– Dividend income
– Price gains after the sale of REIT units
– REITs are a great opportunity for investors who want to diversify their portfolios outside the gold and securities markets. This is a great place to invest if you are investing in real estate for the first time and want to diversify your portfolio without unnecessary risk.

Conclusion:-

A REIT is a good option for investors who do not want to manage real estate, or for those who do not have or can not get the funds for it. REITs are also a great way for aspiring real estate investors. Individual investors can invest in income from owning commercial real estate with a REIT without buying it themselves. Direct real estate investment is good if you want more control over your money and prefer a convenient approach.

Also read:-

Builders have to disclose the status of mortgage loans for apartments

10 Best areas to invest in Hyderabad | Area to buy open plot in Hyderabad

best-areas-to-invest-in-hyderabad-area-to-buy-open-plot-in-hyderabad

Planning an investment? Looking for the best areas to invest in Hyderabad? Several realty analysts consider Hyderabad as the best city for plot or land investment. Its residential real estate sector is widely regarded as a low risk and high return sector due to its rapid development in education, healthcare, job opportunities, information technology, hospitality and other industries. For the past few years Hyderabad has gained popularity due to the availability of residential plots and affordable prices.

Hyderabad has a variety of residential apartments and commercial complexes but still many investors or buyers prefer to buy land from an investment perspective. Since investing in land is considered one of the profitable option in the long run. Good location, affordable price, high return in less time makes Hyderabad most preferred investment option. Over the last many years, some areas of Hyderabad have benefited from rising property prices.

Different regions offer different homes at very competitive prices. The South Hyderabad region is considered to be the most affordable option for investing in residential properties due to its land availability. Also it is less populated as it is located at greater distance from IT companies. North and Central Hyderabad are more dense and slightly more expensive due to high commercial activity.

10 Best places for plot investment in Hyderabad | Best areas to invest in Hyderabad

Buying land for investment in Hyderabad is considered as an important financial and emotional step. If you want to invest in a plot of land, you should consider the following areas.

1 Narsingi-

Narsingi is rapidly expanding with residential complexes and commercial properties. Located on the western outskirts of Hyderabad, it is situated about 5-7 kilometres south of the financial district. Narsingi is an independent area with social infrastructure such as roads, schools, hospitals, commercial, and retail premises. Rajiv Gandhi International Airport (only 26 km) can be reached by road in approximately 40 minutes.

Good connectivity and convenient location is a privilege for a potential investor. Narsingi, located in the immediate vicinity of the financial district and Gachibowli. The area has good IT infrastructure with exit routes from the ORR, this facilitates road connectivity to the airport. The outer ring road (ORR) connects the city with other parts of the city. The average cost of plots in Narsingi varies from Rs 1,500 per sq ft to Rs 12,200 per sq ft.

Check Out:- plot for sale in Narsingi

2 Chandanagar-

Chandanagar is in rapid development as a residential center and it pays off for the investment. The area has proximity to both New Mumbai Expressway and Old Mumbai Expressway. The area is on the NH Hyderabad-Mumbai road, and Lingampally MMTS station is quite close. Bus connectivity is also fast and connects the area with other localities of Hyderabad. The proximity to IT centers in HITECH City and Gachibowli makes it one of the best areas to invest in Hyderabad. The demand for this area driven not only by its indigenous people but also by people from other cities, government and software officials. The average cost of capital in Chandanagar varies from Rs 1,100 per square foot to Rs 11,900 per square foot.

Check out:- plot for sale in Chandanagar

3 Manikonda-

Manikonda proximity to existing IT centers facilitates rapid development of infrastructure. The area is located between the old Mumbai highway and the outer ring road. The old highway separates it from Madhapur and further from Gachibowli. Manikonda is well connected by public transport like regular bus services, especially along the main roads. 

Given Manikonda’s privileged location close to the main commercial areas and good transport links. Currently the property price in Manikonda is on the lower side, making it a really attractive offer for those looking for plot investment in Hyderabad. The constantly growing IT presence at Manikonda acts as a demand multiplier, which leads to significant price increases. The average cost of residential plots at Manikonda varies from Rs 1,700 per sq ft to Rs 12,100 per sq ft.

Check out:- plot for sale in Manikonda

4 Kompally

If you are planning to buy property in an area with perfect access to IT centers like HITEC City and Gachibowli, Kompally should definitely be your first choice. The area is close to popular localities in Hyderabad such as Kukatpally, HITEC City, Gachibowli, and other localities through Outer Ring Road (ORR). 

Located on NH 7 and very close to ORR, the suburb of Kompally connected to all parts of the city. Kompally’s ability to connect to ORR improves the connectivity to Gachibowli and Rajiv Gandhi International Airport in Shamshabad. The accessibility of the area makes it an attractive option for both real estate investors and home buyers. The average cost of plots in Kompally varies from Rs 2,200 per sq ft to Rs 10,500 per sq ft.

Check out:- plot for sale in Kompally

5 Shadnagar

Although Shadnagar is about 49 km from Hyderabad, it offers connectivity to other Hyderabad localities via the Outer Ring Road (ORR). In addition to ORR, Shadnagar Railway Station and Rajiv Gandhi International Airport can be reached directly from Bangalore-Hyderabad Highway. Easy connectivity and growing infrastructure has triggered an increase in demand in the city, leading to an exponential increase in property values. The proximity to industrial centers like Kotur, Kondurg, and Balanagar makes Shadnagar one of the best areas to invest in Hyderabad. So, investing here can give you an attractive return on investment. The average cost of plots in Shadnagar varies from Rs 1,300 per sq ft to Rs 12,500 per sq ft.

Check out:- plot for sale in Shadnagar

6 Adibatla

Adibatla has witnessed many developments by technology companies that attract working professionals from all cities. The area has wide roads, close proximity to Rajiv Gandhi International Airport, just 12.1 km away and central railway station is just 20 km away. Wide roads, TSRTC bus service, and proximity to the airport makes Adibatla real estate beneficial for residents, as they can easily reach their destination.

Residential plots in Adibatla have 24/7 Manjeera water facilities. Therefore it has always been considered a reliable investing option in Hyderabad as it gives a good return on investment. Adibatla may be the best places for plot investment in Hyderabad, but one has to wait for sometime. The average cost of plots in Adibatla varies from Rs 1,400 per sq ft to Rs 14,500 per sq ft.

Check out:- plot for sale in Adibatla

7 Ghatkesar-

Ghatkesar is located about 60 km east of Hyderabad, along the Hyderabad-Warangal highway. Several large MNCs such as TATA, Reliance are planning large investments in and around this area. Thus, land prices have skyrocketed in Ghatkesar ultimately attracting many investors. The residential plot in Ghatkesar is also close to the Warangal-Hyderabad National Highway, which has everything you need for your daily needs. Also, the locality began to attract residential areas located in a quiet and ecologically clean environment. As the area is still expanding, open plots are a good option. The average cost of plots in Ghatkesar varies from Rs 1,350 per sq ft to Rs 9,720 per sq ft.

Check out:- plot for sale in Ghatkesar

8 Shankarpally-

Shankarpally has robust infrastructure and well connected to other parts of Hyderabad and also not far from the IT corridor. Greenery, business institutions and reduced traffic have all helped attract investors to buy open land in this suburb of Hyderabad. Very close to Cyberabad, this place is very popular with IT professionals. The proposed 4-lane highway, combined with a 100-feet road, will bring Cyberabad closer to Shankarpally. Hence, making it an ideal and one of the best areas to invest in Hyderabad. The average cost of plots in Shankarpally varies from Rs 1,150 per sq ft to Rs 16,000 per sq ft.

Check out:- plot for sale in Shankarpally

9- Shadnagar-

Shadnagar is becoming a center for large commercial and residential property segments. It is also connected to the Hyderabad-Bangalore 200 wide and 6-lane bypass. Shadnagar is located in a beautiful area close to the regional ring road which is only 5-10 minutes away. Thanks to the convenient transport links to the main road, Shadnagar residents can easily reach the bus and train stations in just 5-10 minutes. With the recent rise in IT sectors, Hyderabad has grown into a major international hub with one municipality, Shadnagar, located in the RangaReddy area, where a major revolution took place. The average cost of plots in Shadnagar varies from Rs 795 per sq ft to Rs 11,690 per sq ft.

Check out:- plot for sale in Shadnagar

10 SRISAILAM HIGHWAY-

Srisailam Highway has experienced high demand for plots and prices have risen over the years. Many reputable builders show interest in the construction of new facilities. Major industrial and electronics projects planned around Srisailam Highway. Multinational companies like TCS, TATA groups, Wipro play a crucial role in the development. Thus making it one of best areas to invest in Hyderabad.

The city offers good connectivity with the major Hyderabad localities via internal and external ring roads. It also has good public transport facilities, regular buses in the region and the airport and railway station are just a few kilometres away. The planned development of Pharma City along the route is the main growth driver. At present, the roads in the region may not be good. However, with the increasing population, the authorities are planning to build more roads. The average cost of plots in Srisailam Highway varies from Rs 750 per sq ft to Rs 9,421 per sq ft.

Check out:- plot for sale in Srisailam Highway

Conclusion- 

So, these are some of the best areas for land/plot investment in Hyderabad. However, before investing in a residential plot, make sure that the company is HMDA approved and also check the RERA registration number. RERA acts as a shield for the property buyer. The government only recommends buying HMDA- and RERA-approved properties. You can visit HMDA and RERA’s websites in order to check whether the plot is approved by the authorities or not.

Also read:-

CREDAI: Property prices may increase by 10-15% in future!

Investing in Gachibowli, Hyderabad

Top 6 reasons to invest in Gachibowli, Hyderabad right now!

top-6-reasons-to-invest-in-gachibowli-hyderabad

Since past few years, there is a sudden surge in the demand of housing units in Gachibowli. One should definitely invest in Gachibowli as it is a growing locality, loved by both end users and investors. Gachibowli, a city in Hyderabad, is one of the fastest growing cities that is ideal for investment and promises attractive returns in the future. It is a recognized ITeS suburb experiencing explosive growth in the form of real estate projects, office rentals and infrastructure projects.

Gachibowli is located in Serilingampally Mandal in the Rangareddy area northwest of Hyderabad. When we look at the real estate market, it is a known fact that Hyderabad has many benefits for property seekers. Since past few years, Gachibowli real estate sector has shown exponential growth thanks to a growing technology sector that has dramatically increased the demand for apartments.

6 Reasons why investing in a flat in Gachibowli Hyderabad is ideal | Reasons to invest in Gachibowli

1- Airport Connectivity-

To make money, various real estate companies in Hyderabad have built residential apartments near Gachibowli. It is only 5 km from the Hitech city and is well connected to Rajiv Gandhi International Airport in Shamshabad via the outer ring road and the Nehru ring road. Alternatively, try world cuisines in the various restaurants in the area and the surrounding area.

2- Gated and premium residential properties-

Several gated community apartments are being sold to serve the IT people of Gachibowli. With luxurious amenities, these flats absorb modern architecture and natural landscapes. Removing visual clutter and providing you a unique serenity that is difficult to find in the city. In addition, there are several premium class apartments for sale in Gachibowli. This locality is ideal for those looking for luxury as well as affordable apartments in Gachibowli.

3- Ideal option for investment-

In addition to the luxury apartments in Gachibowli, several other developers are planning to create more living space. Therefore, those looking for investment opportunities in Gachibowli, Hyderabad should also consider entering Gopanpally and Nallagandla to get the best investment deal.

4- Increased housing demand-

Gachibowli will benefit from the growth taking place in the central regions of Hyderabad. Townships around Hyderabad’s old town have also evolved to boast improved connectivity to the technology hub, attracting potential buyers and investors. While the suburbs around HITECH City, Gachibowli, Banjara Hills and Jubilee Hills were the first to develop. Growing connectivity and infrastructure makes it ideal to invest in Gachibowli. The saturation of open spaces in these areas, combined with declining accessibility, makes the suburbs a viable option.

5- Proximity to reputed companies-

Gachibowli has also witnessed careful green preservation zones and offers excellent social infrastructure and services. The locality also offers access to major tourist attractions, such as Ramoji Rao Film City, Hussain Sagar, Fort Golconda and Shilparamam. The main advantage is that Gachibowli is close to Hitech City and several companies such as TCS, Microsoft, Capgemini, Accenture, Infosys and Wipro as well as UBS, Bank of America and Franklin Templeton Investments.

6- High demand of rental properties-

Real estate in Gachibowli ranges from one bedroom apartments to large mansions. Tenants range from city leaders looking for family homes to young professionals and couples looking for one or two bedroom apartments in Gachibowli. They are in high demand and delivered very quickly, usually within a few days. A 3 BHK flat in Gachibowli Hyderabad also tops many tenants’ wish lists with its spacious and airy exterior atmosphere.

Also read:-

Builders have to disclose the status of mortgage loans for apartments

Builders can not divide and sell plots says Greater Noida Authority!

7 Best place to live in Navi Mumbai | Best place to invest in Navi Mumbai

best-place-to-live-in-navi-mumbai-best-place-to-invest-in-navi-mumbai

Looking for best place to live in Navi Mumbai or best place to invest in property in Navi Mumbai? If so, this might be the best decision you’ll ever make! In this article we have described some best residential areas in Navi Mumbai that are perfect for real estate investment.

In real estate it is extremely important for the investor to choose the right location. The place you choose can increase or reduce your investment. Navi Mumbai is an exception where the management quality is better than the developers. The basic infrastructure is far from perfect, but is reasonably well equipped in terms of roads, infrastructure, water supply, etc.

The location, infrastructure and facilities of Navi Mumbai makes it an ideal investment destination. Navi Mumbai has a range of developers offering properties to suit every budget, along with first-class facilities. Robust infrastructure, wide roads, an abundance of nature are some of the benefits of investing in real estate in Navi Mumbai. The city has a special economic zone with an area of ​​more than 10,000 hectares. Ultimately creating career opportunities and allowing people to start their own business. 

Navi Mumbai’s significant population, booming economy, and growing infrastructure really stand out to prospective investors. The 7 best place to invest in Navi Mumbai that promise the highest potential return on investment are-.

Best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai- 

Ulwe-

Ulwe has recently shown an increase in demand for residential apartments and plots. As India’s fastest growing region, the development of commercial, residential and private infrastructure quickly attracted the interest of retailers and residents. Ulwe offers adequate social and commercial infrastructure, including reputed hospitals, schools, retail space and a sports complex. Property price in Ulwe ranges from Rs 6,200 to 9,000 per. square foot. With the advent of new projects, property prices in Ulwe are now growing due to the developed infrastructure and proximity to Navi Mumbai Airport. 

Connectivity and Infrastructure-

It is a lively place known for its excellent connectivity, close to the upcoming Navi Mumbai Airport. Ulwe is fast becoming a suburban destination near the Sion-Panvel and Mumbai-Pune Highways. It is close to major places like Vashi, Palm Beach Road or Belapur CBD. It also has proximity to the JNPT and excellent connectivity to Mumbai via NH-348A, and Palm Beach Road. The upcoming Navi Mumbai Metro and Mumbai Trans Harbor Link will further improve the connectivity of Ulwe to Navi Mumbai and Mumbai. Thus making it the best place to live in Navi Mumbai or best place to invest in Navi Mumbai.

Check out:- flat for sale in Ulwe

Panvel:- 

panvel-navi-mumbai

Unlike the densely populated areas of Mumbai, Panvel offers large open areas, making it a popular place for home buyers. It is easy to travel here as the area has an extensive network of road and railway. Panvel has several areas like New Panvel, West Panvel, East Panvel, Karanjade, Chipale. It also has some areas along the Mumbai-Pune Expressway. Panvel has proximity to the Belapur and Vashi commercial hub, which has stimulated the demand for housing in the region. As such, Panvel is the ideal place to generate a good amount of profit on property investments. The area has high rental yields and there is a guaranteed appreciation on both residential and commercial properties.

Connectivity and Infrastructure-

Panvel is well-connected with eastern and western highways which provides easy access to other cities. The proximity to the upcoming Navi Mumbai International Airport along with other planned infrastructure projects such as Navi Mumbai Airport Influence Notified Area (NAINA), Trans Harbor Link etc, are some of the key factors affecting the real estate market in Panvel. Connectivity to Mumbai Pune Expressway and the Sion-Panvel exit further improves access to Panvel.

Check out:- flat for sale in Panvel

Airoli

best place to live in navi mumbai

Airoli has a wide range of apartments ranging from affordable to premium segments. Hence, serving home buyers in all budget segments. The locality has a good social infrastructure of schools, hospitals, restaurants, markets and parks. The proximity to major employment centers and developed social infrastructure has increased the demand for housing and rental properties in Airoli. Thus, it is the ideal place to live in Navi Mumbai since it provides good investment opportunity for those who want to invest in Navi Mumbai real estate.

Connectivity and Infrastructure-

Airoli has good connectivity to Thane and Mumbai via Thane-Belapur road and Mumbai Suburban Railway. Mulund Airoli Bridge further improves Airoli connectivity to other suburbs of Mumbai. Airoli houses some major employment centers such as Airoli Knowledge Park, TTC Industrial Area, Mindspace Technology Park, and Reliable Tech Park makes Airoli best place to invest in Navi Mumbai and a profitable deal for home buyers. The railway and road network provides easy access to the main MMR regions of Mumbai, such as Panvel, Thane, Chembur, Vashi, and Mulund etc.

Check out:- flat for sale in Airoli

Nerul- 

Nerul is the main residential and commercial area of ​​Navi Mumbai, consisting apartments of all segments. It has excellent civil and social infrastructure. The area has low, medium and high-rise flats and individual row or townhouses as well. Nerul is popular among the upper middle class and the most common configurations found are 2 and 3 bedroom flats. The locality houses some IT parks, an MIDC industrial area, several international schools and professional universities. Presence of reputed educational institutions like Terna College of Engineering and State Merchant Marine Institute makes it an ideal place. 

Connectivity and Infrastructure-

Nerul offers good connectivity to several areas of Mumbai like Thane, Navi Mumbai, and Jawaharlal Nehru Port Trust (JNPT) via Thane Belapur Road, Sion-Panvel Expressway and Palm Beach Road. The area is located on three highways in the Navi Mumbai area, namely Uran Road, Sion-Panvel Expressway, and Palm Beach Road. Connectivity to major highways makes it the best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai.

Check out:- flat for sale in Nerul

Taloja-

Taloja is fast becoming a major residential area due to its proximity to Kharghar. Other factors driving the increase in property value are the variety of affordable apartments, upcoming metro stations, and upcoming international airport. Experts believe that if upcoming infrastructure development is implemented on time, Taloja is likely to see an exponential increase in property value over the next three years. Thus making it an ideal or best place to invest in property in Navi Mumbai.

Connectivity and Infrastructure-

Taloja is located on National Highway (NH- 4) and has proximity to the Sion-Panvel, Dombivli-Kalyan, and Panvel highway. Thus traveling to Pune, Thane, and Mumbai is much easier. Taloja has an operating railway station on the Central Vasai-Diva-Panvel railway line. The construction of the first phase of the Navi Mumbai metro between Belapur and Pendhar, which also connects Taloja, makes commuting more easier.

Check out:- flat for sale in Taloja

Kamothe-

Kamothe have good infrastructure and connectivity, and these are the main reasons for its growing real estate demand. The area has a total of 48 sectors, which are systematically planned. The nearby towns of Kamote include Belapur, Hargar, Taloja, Kalamboli, Panvel etc. Without a doubt Kamothe is the best place to invest in Navi Mumbai. Also it is ideal location for those who want to buy property in the outskirts of Mumbai.

Connectivity and Infrastructure-

Highways like JNPT Road, Sion-Panvel Highway, and Panvel-Uran Bypass are some of the major highways that pass through Kamothe. There is a large bus service and the Belapur Bus Stop and Panvel Bus Stop are in the immediate vicinity. The international airport is approximately one hour drive from the area and also has proximity to upcoming airport in Navi Mumbai.

Check out:- flat for sale in Kamothe

Dronagiri-

Dronagiri is one of Navi Mumbai nodes, located in the Raigad area and at the southern tip of Navi Mumbai. Real estate in Dronagiri remains reasonably priced compared to other parts of Mumbai. Infrastructure growth and associated housing demand are key factors that have driven Dronagiri’s growth in recent times. The JNPT and Reliance SEZ are key business developments driving Dronagiri property growth.

Connectivity and Infrastructure-

The area offers good connectivity to Panvel and Roha. Also South Mumbai is easily accessible from Mora with a crossroads and only 30 minutes by water from Ballard Pier. The railway route has increased the general access to the JNPT together with the Navi Mumbai SEZ. Demand for real estate in Dronagiri is expected to increase after the completion of Navi Mumbai International Airport, as the area is only 10 kilometres away.

Check out:- flat for sale in Dronagiri

Conclusion-

Buying real estate and then turning it into a profitable investment is a popular practice in Mumbai. If you have been looking for best place to live in Navi Mumbai or planning to invest in real estate for a long time, Navi Mumbai is your ideal destination. This is often an investment opportunity for those working in and around Mumbai. The area has a vibrant real estate market with significant capital gains and rental income.

Also read:-

CIDCO begins geo-tagging of plots / land parcels in Navi Mumbai

Why buying a 2 BHK flat in Sector 150 Noida is good investment?

why-buying-a-flat-in-sector-150-noida-is-good-investment

Are you planning to invest in a 2 BHK flat in sector 150 Noida? Since time immemorial, the value of real estate has been dependent on price increases. And it takes time before its value grows. But with increased investments from multinational companies in India, the value of real estate here is skyrocketing. Noida sector 150 is located at the south end of Noida Expressway. It is located at the convergence of the Yamuna and Hindon rivers and is only 8 km from Pari Chowk, Greater Noida.

Noida 150 sector appears to have increased demand for the residential segment. Many famous builders in Delhi-NCR have started many projects in this sector. Buyers can find 3 BHK and 4 BHK luxury apartments easily and quickly. Many spacious 2 BHK’s have also been implemented in the projects. All of these homes have quality facilities as well as excellent environmentally friendly amenities.

Reasons why 2 BHK flat in sector 150 Noida is a great investment!

Connectivity to major areas-

Robust connectivity is one of the main factor which has contributed to overall growth of this locality. Sector 150 is close to three major expressways i.e, Noida-Greater Noida Expressway, Yamuna Expressway and DND Expressway. Proximity to these expressways facilitates easy commute between regions of Delhi-NCR and Agra. Sector 150 also has proximity to the upcoming Jewar Airport, one can reach the airport in just 30 to 40 minutes. Delhi’s metro network runs through the area within walking distance, making it ideal to reach any part of Delhi-NCR.

Prominent Housing Options- 

Everyone wants to live in a place which has good quality social infrastructure of schools, hospitals, entertainment centers and shops. In the immediate vicinity of sector 150 there are reputed educational institutions like RPS International School, Amity University, Galgotia University etc.

The locality also has proximity to world class sports facilities such as Buddha Circuit (Formula 1 circuit), golf courses and the first cricket stadium in Noida. It is listed as one of the best sectors in Noida on the 24 km section of the Noida-Greater Noida Expressway. Sector 150 provides a high standard of living, and there are several top-class housing projects from leading developers such as Tata Value Homes and Godrej Properties. 

Given the presence of large housing projects and their location, buying a 2 BHK flat in sector 150 Noida is the most preferred and profitable investment for property buyers.

Growing Infrastructure- 

According to the Noida Master Plan 2031, Noida sector-150 will have about 80% of the 600 hectare area as green space, with only 20% ​​allocated to residential or commercial construction. In addition, almost 42 hectares of land have been set aside for parks and recreational services.

Today, the social and physical infrastructure is already established, a number of well-known schools and colleges operate here, and the area is full of real estate activities. Sector 150 is in the immediate vicinity of Knowledge Park II. The locality houses offices of several multinational companies and IT / ITeS companies. Some of them are Aptara International, Cisco Honeywell, IKEA, One E, Samsung Engineering India Ltd, British Council and HDFC.

Budget friendly and low maintenance- 

Another benefit of buying a 2 BHK flat is the maintenance cost. Maintaining a 2 BHK is much easier compared to 3 and 4 BHK apartments. In relation to the 1 BHK apartment, however, the increase in value is not so significant. Therefore, it is always wiser to choose a 2 BHK apartment in sector 150 Noida.

Conclusion- 

With robust infrastructure and connectivity sector 150 Noida is growing really fast. The area  has excellent transport links and is close to major expressways such as Yamuna Expressway, Faridabad-Noida-Ghaziabad expressway, and Noida-Greater Noida Expressway.

Due to its advantageous location, it has attracted the attention of several investors and buyers. Many well-known multinational companies, corporate homes and manufacturing departments and IT services are popping up in this place. The locality has various reputed educational institutions, banks, hospitals, ATMs and more. Hence buying a 2 BHK flat in sector 150 Noida is definitely a good choice for home buyers and investors as well.

Also read:-

Best place to live in Noida

Noida received an investment of about Rs 64,000 crore, highest of all time!

Noida authority reduced transfer charges by 5% for residential plots

Top 5 Reasons to Invest in Kharadi or to Buy Flat in Kharadi!

reasons-to-invest-in-kharadi-or-buy-flat-in-kharadi

Planning to invest in Kharadi, Pune? In this article we have described some reasons why investing in Kharadi is best choice for both home buyers and investors.

Kharadi, located in northeastern Pune, has seen tremendous growth in recent years. It is becoming one of the fastest growing and most sought after places in terms of location. The area is strategically located close to all the institutions and recreational areas necessary for a comfortable life. It has become a sought after destination among property buyers. This area has gained importance due to the major developments in IT, ITES, education, hospitality and retail sectors.

Known as the new IT hub, Kharadi, the once barren place is now home to dozens of commercial projects and luxury homes. The presence of the company giants like Tata Communication, Wipro, Reliance, and Polaris has further contributed to the development and popularity of this area.

Here are a few points that make Kharadi the most popular real estate investment destination. 

Reasons why should you invest in Kharadi or reasons to buy flat in Kharadi, Pune

1- Houses big IT giants-

Growing connectivity and low capital prices have attracted many leading IT companies. After Hinjewadi, Kharadi has the maximum number of IT parks. Special economic zone (SEZ), is home to several IT and ITES giants like Vodafone India Services, Prism Informatics, Tata Communications, etc. The campus covers more than 40 acres and is only 8 km from the international airport. The business world in Kharadi originated and contributed greatly to the development of the IT sectors in Pune.

2- Location Advantages:-

A well-planned road system with excellent transport links adds valuable benefits to Kharadi. The area has proximity to major areas like Railway Station, Airport, Koregaon Park, Kalyani Nagar, Hadapsar, Wagholi, Chandan Nagar and Mundhwa. Kharadi is set to receive a metro station via an extension of line 2 between Vanaz and Ramwadi. Growing connectivity and location can be a major reason due to which buyers invest in Kharadi. The roads are wide and proximity to highways makes it easier to reach other localities in a short time.

3- Public Transport & Social Infrastructure:-

Kharadi has some of the popular hotels like Le Meridien, JW Marriot, The Westin, Taj Blue Diamond, Grand Hyatt, Radisson, etc. Some famous nearby schools are Symbiosis, Victorious Kids Educare, Kendriya Vidyalaya, and Sunrise English High School. The nearest bus stop is Moudha Bus Stand, 12 km from Kharadi. Cabs and other transport facilities are also easily available. Due to its proximity to the airport, travel time is significantly reduced.

4- Increase housing demand:-

Robust connectivity and evolution of IT parks have created a lot of opportunities in Kharadi, thus attracting professional migrants from different parts of the country. As a result the demand for housing has surged at a fast pace. Buyers are preferring apartment projects over independent houses or plots. The rental market here can fetch you a good amount of returns if you invest in Kharadi. A 2 BHK flat in Kharadi can be rented at prices from Rs 10,000 to Rs 18,000 per month. Professionals working in Ranjangaon Industrial Zone also prefer Kharadi due to its connectivity and infrastructure.

5- Price Trend:-

The city experienced both residential and commercial development due to the burgeoning IT sector. Due to this, land prices have risen sharply. According to real estate experts, the price in October-December 2012 was Rs 4,779/sqft, and Rs 5,192/sqft in January-March 2013. The price has risen to Rs 5,583/sqft since April to June 2013.

Many experts believe that Kharadi has the greatest potential in the real estate market in Pune. The amazing development of the city attracted buyers to invest in Kharadi and has completely changed the real estate market trend. Now Kharadi is considered as the most popular area in Pune where you can live a quality life.

Also read:-

Important tips before you consider a Duplex house for sale in Bangalore!

6 Major Reasons that cause property price appreciation!

6 Major Reasons that cause property price appreciation!

6-major-reasons-that-cause-property-price-appreciation

Real estate will continue to be the preferred investment class worldwide. Smart real estate investing can change our lives by giving us enough money to make our dreams come true. Today, most of us have an investment portfolio that consists of a variety of investments, be it stocks, bonds, gold, etc. However, most of the people have still undervalued or ignored real estate investment. With the huge economic boom in most cities in India, the average income has increased, giving us additional capital to invest in the future, and real estate may be the ideal investment opportunity for you.

The price of real estate depends on various factors such as location, demand and supply, interest rates, future development plans, etc. Some investors buy properties for the purpose of selling them later, when supply is low to take advantage of price increase.

What is the appreciation rate?

In real estate, appreciation refers to the value of your property, or how much the value increases over time. You get several benefits when real estate grows and increases in value. First, you can get more by selling your property. As long as the demand is high in your market, you can get a higher selling price and therefore earn more profit.

5 Reasons for property price appreciation!

Demand & Supply:-

When the demand for housing in a given area increases. Property prices rise unless the number of housing projects built to meet the demand does not recover quickly enough. Home buyers who buy houses for their own use are willing to pay extra if the locality is attractive and desirable for living. The ideal moment for home buyers to buy a property in areas with great upward potential, is a period when investor activity has not yet begun.

Features of property:

The property’s facilities and improvements also affect its value. For example, remodeling a home, installation of wooden cabinet can increase its value. Decorating a basement, adding another bathroom, or replacing carpet with tiles are other examples of improvements that add value. In addition, the availability of parking spaces has a major impact on the value of the property. Parking spaces can create a price difference of 10% to 15%, especially in metropolitan areas where parking in residential areas can be a problem.

Owners who continue to improve their property may receive a higher rate than current market prices. This can be a basement garage, a kitchen lawn, or a small garden terrace. In addition to this, the property’s architectural design, maintenance and interior also play a crucial role in property price appreciation.

Location:-

The location of the property is a major influencing factor. As the area around your property grows, new businesses emerge and new jobs open up, local housing prices tend to rise. If society struggles, or companies shut down then lower values ​​are usually achieved.

Local development:- 

For property price appreciation, it is important that the social infrastructure and the local area support growth. Property in a gated community with an active Residents Welfare Association (RWA) will be preferred over independent property located in a common area. Likewise, green cover, security surveillance, and facilities in the immediate vicinity can also add value to the property. 

Infrastructure Development:-

Infrastructure development plays a pivoted role in property price appreciation. Any type of development like trans-infra projects will boost the value. They are expected to drive population growth and ultimately increase demand. Investors who identify the right time to enter the market can get the most out of their real estate investment.

Impact of Government Policies:-

One of the important policies that have a direct impact on the growth in property values ​​is interest rates on loans. The lower rate of interest attracts more buyers to the market, creating greater demand and great property price appreciation. Similarly, lowering stamp duties, GST rates, circle rates, income tax exemptions, etc. directly affects demand. In addition, the introduction of the Real Estate (Regulation and Development) Act 2016 (RERA) has created great trust among home buyers. This may not directly affect property prices, but streamlines the process of buying homes. Also home buyers can challenge offenses conducted by a builder. Such as property rights, delays or changes to the master plan without your consent, etc. This transparency helps with integrated development of the real estate industry.

Tips to improve property price appreciation!

In general, the national average property price appreciation rate for real estate is between 3% and 5%. However, this can vary greatly and really depends on the unique factors of your long-term ownership. Fortunately, if your real estate investment does not appreciate as you would like to see, there are several ways to increase the value of your property.

  • Improve efficiency of property: If you can reduce the amount of energy needed to run a property, you should gradually increase its value. This could mean replacing appliances with EnergyStar, installing solar panels,planting trees around the house.
  • Increasing property square footage: Increasing living space to a property increases its value. You can build an ADU or guest house at the back of the house, or add a basement.
  • Make smart improvements:  Improving your property can add value, but be sure to make the right choices. Not all upgrades increase the value, some can degrade the existing value as well. 

Also read:-

Property E-registration begins from October 2, Maharashtra revenue minister

Karnataka government’s to cut guidance value, can boost property market!

Tips before you consider a Duplex house for sale in Bangalore!

Important tips before you consider a Duplex house for sale in Bangalore!

important-tips-before-you-consider-a-duplex-house-for-sale-in-bangalore

The demand for duplex house for sale in Bangalore has increased at a fast pace. The outbreak of the pandemic has made the average Indian citizen realize the value of owning a home, especially in major cities like Bangalore. People are increasingly choosing larger homes, like a duplex or 3 BHK apartment, to accommodate a specialized workspace within the living space. As work from home is becoming the new norm, people want a home that has dedicated space that can be used as a workspace without any hassle. As a result more and more home buyers, especially working professionals, intend to shift their decision to Duplex home.

Apart from apartments, Bangalore is also experiencing an increased interest of buyers in independent houses for investment purposes. As people turn towards more open spaces, especially due to the inability to go out at will, the demand for independent houses has also increased in the city. With the change in priorities, the trend towards duplex houses is likely to continue for a long time and for a significant portion of sales in Bangalore. Duplexes can be attractive because they cost more than a single-family home.

So, if you are looking for a duplex house for sale in Bangalore, read this article. We have discussed some tips, pros, and cons of buying a duplex home/apartment in Bangalore. 

What is a Duplex House? 

The duplex is a structure consisting of two separate family units. The two units share a common central wall but have separate entrance doors. Typically, a duplex home in Bangalore has a kitchen, a dining room, and two apartment blocks located side by side or on two floors with separate entrances. Although there are two floors, they are sold together and owned by the same person. A duplex house for sale in Bangalore usually has a kitchen, living room, and bedrooms on the lower floor, and a master bedroom on the upper floor.

The owner of a duplex house can rent out both or a single unit as well. It is mainly connected by an internal staircase. They are good investment opportunities and offer several advantages over apartments or villas. They provide a life experience similar to what you find in a home.  

Different type of duplex home in Bangalore-

A duplex house can consist of apartment blocks designed side by side or on two floors. They are usually of 3 types and available in the following categories:

  • Standard duplex:– This is a two-story house, where the first floor is connected to the second floor by a staircase. On the ground floor there is a living room and a kitchen, and on the upper floors there are bedrooms and children rooms.
  • Low rise duplex:- This type has large balconies and a ceiling on the second floor. It is usually built in a smaller area compared to other types of duplex houses.
  • Low or Ground duplex:- These are houses built on the ground floors of the apartments, where the lower floors have a  garden and contain bedrooms. The upper floor consists of a living room and a kitchen. This type of house is ideal for homeowners who prefer gardens. 

Some best localities to buy a duplex home in Bangalore!

Bangalore has always been an attractive destination for both home buyers and developers. With lucrative options and bespoke budgets, the city is also one of the most popular cities for duplex homes. Some of the best localities to buy a duplex house in Bangalore are:

Whitefield
Chandapura
Jp Nagar Phase 8
Sarjapur Road
Indira Nagar
Yelahanka
HSR Layout
Begur
NRI Layout

Tips before you consider a Duplex house for sale in Bangalore- 

Cost of the House- Generally Duplexes cost more than single-family homes. Hence, you not only have to pay a higher percentage for the down payment, but the overall cost itself will be higher. So ensure you have enough capital to pay for this extra cost. So if you are planning to buy or rent a duplex house with many rooms, it will be very expensive.

Size or Layout- The number of bedrooms on each floor completely depends on the size of the house. If you buy a larger duplex, you get more rooms, and if you buy a smaller one, you get relatively fewer rooms. You can plan your duplex layout based on the number of rooms you need. Typically, a small two-story home has a living room, hall, and kitchen on the first floor and a bedroom on the second floor. The best thing is that you can customize the duplex to suit your needs and requirements.

Privacy- When you buy a duplex house and live on the same side (either down or up). Your tenants can come to you at any time with questions or concerns about your rental property. You can hear them through walls and they can potentially hear you. In simple words, a duplex house in Bangalore has less privacy. 

Check Out:- Duplex house in Bangalore

Benefits of buying a Duplex House in Bangalore-

  • Privacy/Confidentiality:- Everyone wants to live in a big house and more space and who doesn’t like a big space. A duplex house promises total comfort for its residents. The house plan has advanced features and large spaces that can include outdoor gardens.
  • Rental income opportunity:- One of the houses in the duplex can be rented out easily. This is especially beneficial if you have purchased a property on credit or loan. Since the rent you receive can be used to pay off the loan. The duplex house has a good resale value and appreciates faster, since the two units are well equipped with separate rooms and entrances.
  • Suitable for two families:- Duplex is a good option if you want to stay with your family, such as your grandparents. You can let your family or friends stay with you in one of the two units. Sometimes duplex house for sale in Bangalore are much more affordable compared to a single-family luxury home having same bedrooms and carpet area.
  • Share facilities easily:- You probably do not have access to facilities that are common in residential complexes, such as a tennis court or swimming pool. However living in a duplex means you only have to share the amenities and common space with some peoples, and not a whole group of people.
  • Office or work space:- With the trend of work from home, more and more home buyers are looking for a house which can provide them an additional space. For those buyers, duplex is a perfect option to consider. In a duplex house you have enough rooms which can used for your work or office space.

Disadvantages of buying a duplex home-

  • Maintenance responsibility:- As the owner of 2 floors the owner has to check the maintenance and repair work. If duplexes are not managed professionally, they may not guarantee you enjoyment and comfort.
  • Problem with tenants:- The relationship between landlord and tenant is delicate. If you share a property with another family, perhaps tenants, this can affect your privacy, which in some cases can cause controversy. This applies to any rental, be it a duplex or an apartment, it can be difficult to have an uninteresting neighbor. Understanding this will help you set expectations and hopefully help you avoid negative situations.
  • Sharing can be an issue:- In case of duplex house for sale in Bangalore, you are likely to share your yard and other amenities with your neighbor. This can be a problem if your neighbor uses too much of these areas or does not respect your space. So, it is best to consider all of these aspects when renting a duplex.

Conclusion-

Duplex houses are more common in areas where there is a significant area of land. Most Indian cities have made room for skyscrapers due to the limited availability of land. Southern cities, especially parts of Bangalore, Hyderabad, and Kerala have duplex houses. These houses are suitable for roommates and families living in the same house who need a home-like environment. Duplex home in Bangalore also sometimes more affordable than single-family homes. So, they can be a smart way to live in a good area for less money.

Also Read:-

Centre to raise Rs 15,000 crore by realty and hotel asset monetization

Reasons to Invest in Hinjewadi

Should you Invest in Yamuna Expressway? | Doubt solved!

Planning to invest in Yamuna Expressway? In this article we have shared some interesting facts which you should know before investing near Expressway.

Yamuna Expressway has evolved as one of the largest real estate hotspots in the last three years. It is proving to be one of the best choices for home buyers and investors. The six-lane 166 km expressway is the longest motorway in India. It has opened up a pristine area for economic development and expansion of the NCR region. For the past 1-2 years, several integrated warehouses, logistics hubs, and integrated townships have been developed here.

The Expressway has shortened travel time between Agra and New Delhi. It has unfold opportunities for industrial and urban development in the region and laid the foundation for convergence between tourism and other related industries. The Expressway stretches 166 km to Agra from Greater Noida through Aligarh and Mathura. Several projects are under development and approval of two metro routes, i.e, Noida City Center to Sector 62 and Noida City Center to Greater Noida, have led to extensive development in this zone.

With growth opportunities in mind, several leading developers are already taking advantage of the investment opportunity along the expressway. However, developments today may seem a bit slow. The new proposal for infrastructure development, including the metro, will give a new boost to the demand for residential properties.

Top 5 reasons to invest in Yamuna Expressway | Investing in Yamuna Expressway

Properties from reputed developers-

There are several housing projects along the Yamuna Expressway, built by leading developers. Gaurs, Ajnara, Skyline, Supertech, ATS, and Lotus are some of them. On average, you will find properties of different configurations in places like sectors 19, 22, 24, 25, 17A, and 22D on the expressway. Prices of affordable housing units at Yamuna Expressway starts from Rs 10 lakhs and Rs 2.25 crore for luxury projects. In the middle class category, there are several projects ranging from Rs 40 to 80 lakhs too.

Perfect Investment option- 

According to a number of real estate experts, the Yamuna Expressway will become a popular place to live in the future. It will flourish once Jewar Airport is completed and metro connectivity is fully developed on this section. Jewar Airport once completed, will further increase the connectivity with Delhi and is perfect reasons to invest in Yamuna Expressway. The new infrastructure will emerge to connect the Jewar airport with Indira Gandhi International Airport. Yamuna Expressway Industrial Development Authority (YEIDA) has also revamped its master plan for 2031 to stimulate further development along the Expressway.

Also Check:- plots in Yamuna Expressway

Upcoming Jewar Airport-

Yamuna Highway is an ideal place for potential real estate investments. It is one of the longest expressways with controlled access in India, directly connecting the metropolitan area of ​​Noida with Agra thus increasing the prospects for neighboring regions. The area is witnessing a significant boom in property values due to the proposed Noida International Jewar airport. Another benefit of investing in Yamuna expressway projects is the highway runs through the main road of Yamuna. Thus it can benefit those traveling from Noida, Gaur Yamuna City, and Greater ​​Noida.

Offers Seamless Connectivity-

The Yamuna Expressway to UP and Haryana areas and is connected to the Agra ring road. This further connects it with other regions of the NCR, such as Gurgaon, Sonipat, Manesar, Rohtak, Ghaziabad, Meerut, and Hapur. It also connects some major cities like Lucknow, Kanpur, and Gwalior shortening distances and travel times. Hence, connectivity is one of the main reasons to invest in Yamuna Expressway.

The Expressway offers a good proximity to basic amenities, such as schools, hotels, hospitals, etc. Future development on Yamuna Expressway includes the construction of an IT park, and a planned railway station. F1-track at Buddha International Circuit is another feature at Yamuna Highway. The UP government has also designated the Expressway as manufacturing hub of electronics. The Noida authorities have also planned a transport hub that will include various modes of transport, including an Inter State Bus Station and a Railway station.

Affordable Housing Hub-

Yamuna Expressway, considered an accessible location, currently filled with projects with a small number of units. However, the market share for 2 BHK units is really high compared to 1 and 3 BHK units. 1 BHK units are much smaller in size and account for about 18% of the market share. The area is dominated by 2 BHK units with 39% availability, followed by 3 BHK units with 33%. About 38% of Yamuna Expressway projects launched in the price range of Rs 3,000 to Rs 3,500 per square foot. About 18% of the projects in the price range of Rs 2,000 to 3,000 per square foot and Rs 3,500 to 4,000 square foot each. So, these are some of the reasons to invest in Yamuna Expressway.

Other Links:-

UP-RERA to give nine month extension for registration of projects

Invest in Sector 93 Noida

Should you Invest in Sector 93 Noida? | Investing in Noida Sector 93

should-you-invest-in-sector-93-noida

In this article we have explained some of the reasons to invest in sector 93 Noida. So, if you are looking for a property for sale in sector 93 Noida, then read this article. Below we have mentioned some of the reasons which might affect your buying decision.

From connectivity to metro to robust physical and social infrastructure, Noida is currently one of the favorite destinations for home buyers. The area has become a center for residential and commercial development. More people are moving from densely populated cities to this place. As a future investment outlook for sector 93 Noida and Noida Extension, it is the focal point of affordable housing with a large supply. In addition, compared to other popular regions in the NCR, Noida is considered affordable for buying a flat or house. Several multinational companies have taken over commercial space here providing opportunities for both investors and end-users.

Sector 93 has better conditions and availability of significant housing and land. The area is close to some important employment and commercial centers. As a result, the maximum number of working professionals and business people are seeking real estate in sector 93.

The 93 sector is divided into two parts: Sector 93 (A) and 93 (B). Sector 93 (A) is a centrally located luxury residential market. The area offers 2, 3 and 4 BHK luxury apartments at prices varying from Rs 7,000 to 10,000 per. sqft. While Sector 93 (B) is relatively located further away from the expressway.

Reasons to invest in sector 93 Noida | Investing in Noida sector 93 

Ideal from Investment viewpoint-

In terms of investment, the properties in Sector 93 Noida are good, as they offer a good rental income. The current rental value is between Rs 14,000 and Rs 21,000 for a 2 BHK apartment. The network of Metro Rail in Noida is expanding at a fast pace which makes it ideal for investment. With the opening of the Aqua metro line, the demand for properties for sale in Noida sector 93 has reached to astronomical heights. However, the area may soon see a price increase of five percent. If the state government considers a project to connect the expressway to Botanical Gardens via a metro line

Well-planned infrastructure-

Sector 93 offers a well-developed infrastructure. This includes the wide roads like Noida-Greater Noida Expressway, that provide excellent connectivity throughout the NCR region. Real estate prices in NCR have risen sharply in recent years. But Noida still offers investment opportunities at an affordable price. As a result, middle-class home buyers are also investing in Noida. Sector 93 has well-planned areas with a vision of good infrastructure development. 

Location Advantage

The sector 93 is located between the southern and southeastern parts of Noida. It is located along the Noida-Greater Noida Expressway, which has spurred growth in properties and opened opportunities for many builders. Some of the well-known and reliable developers like Unitech, Parsvnath, Omaxe, Purvanchal, etc have projects in this area. Proximity to Noida-Greater-Noida Expressway, has dramatically accelerated property development in sector 93 and has opened up opportunities for excellent builders.

Close to commercial hubs-

Another important factor in the decision to buy the flat in Noida sector 93 is easy access to many office buildings and commercial centers. Shopping malls attract the attention of a number of home buyers. Hence, its a key aspect in driving investment in this sector. There are many companies in the immediate vicinity of this sector, such as InfoEdge, Wealth Clinic, Matrix and Sify technologies, and Oracle. 

A Growing Locality-

With affordable housing, efficient public transport networks, planned metro accessibility and major infrastructure projects, Noida sector 93 is growing rapidly. The prospects for real estate here are promising. As the region has recently experienced high demand for housing and continues to be a popular area for new housing openings. 

Conclusion-

When it comes to getting more appreciation for the money invested, people still believe in real estate. In general, people prefer to invest in real estate because of the higher profitability and minimal risk factor. Those with good savings and enough capital can choose this option for a long-term investment. Above we have explained some of the reasons to invest in sector 93 Noida. So, if you are also looking for a flat for sale in sector 93 Noida, you can visit our portal. We have over 100 properties listings in sector 93 and you can also contact agents.

Further if you have any query then feel free to contact us!

Other links:-

Buyers may face a delay upto two-year in delivery of flats in Delhi-NCR

UP-RERA rejects super-tech projects registration

4 Reasons to invest in Dwarka Expressway!

4-reasons-to-invest-in-dwarka-expressway

In this article we have discussed 4 simple reasons to invest in Dwarka Expressway. If you are considering investing in Dwarka Expressway real estate but confused whether it is worth it or not, then you will find this article relevant.

Dwarka is one of the most popular residential cities in Delhi that thrives with impeccable social infrastructure, affordability, and excellent connectivity. It is a well-planned city and offers every type of service to its residents. In recent years, the Dwarka real estate market has improved significantly and it is getting better day by day. Those who have invested in Dwarka, will have great benefits in the coming years. This area has developed a lot in recent years. It is still improving and will be even more favorable in upcoming years.

In today’s scenario, investing near the Dwarka Expressway is considered one of the best investment opportunities right now. The area offers several benefits for both investors and buyers. Delhi International Airport is close to the Expressway and also next to the Dwarka Metro. The area also offers connectivity to some important areas in Manesar and Noida. 

The demand for properties near Dwarka Expressway is increasing at a fast pace. Also the property prices are expected to rise, according to real estate experts. There are many reasons why it is not only good for people living in Delhi but also for NCR and Haryana. In addition to connecting several roads in Delhi, this highway also connects many small towns in Haryana.

Why is Dwarka Expressway a good investment option in Delhi-NCR? | Reasons to invest in Dwarka Expressway

Growing Connectivity-

Under the new master plan, a well-constructed 100-meter-wide road will be built. The road will connect the area with the metro corridor and the proposed diplomatic enclave. The 18 km expressway runs alongside some special economic zones approaching Kherki Dhaula. This expressway shortens the travel times of passengers coming from West Delhi. It runs in parallel with NH-8 until it merges ahead of IFFCO Chowk.

Higher Appreciation rate-

Dwarka belongs to one of the most elegant and famous areas of Delhi and has good infrastructure as well. Properties in Dwarka, are the most convenient and have proximity to Delhi metro. Apart from metro connectivity it also has good public transport facilities as well. Dwarka also consists of a large number of reputed educational institutions as well. Hence, for investors this can be one of the reasons to invest in Dwarka Expressway.

According to various real estate experts, the demand for property in Dwarka has grown by 6% within a year. The current price trend in Dwarka shows a positive signal for investors or home buyers. However before investing in Dwarka expressway one should have proper real estate knowledge of price trends. Otherwise they won’t be able to make the right profit when buying and selling real estate.

Related link:- 2 BHK flat in Dwarka Expressway

Less Traffic Hustle-

The main motive for constructing the new expressway was to reduce the NH-8’s traffic during peak times. As a significant part of the workforce in Gurgaon’s office centers comes from Delhi. For daily commuters it is one of the best reasons to invest in Dwarka Expressway. The Dwarka Expressway offers easy flow and traffic and helps in ensuring a smooth commuting between the two districts. The Expressway will ease congestion on the Delhi-Gurgaon Expressway and highways that have experienced heavy traffic, mainly due to residents of West Delhi. Approximately 40,000 vehicles will be relocated to the new expressway, which will improve traffic flow on Sohna Road and Golf Course Road.

Less Pollution-

This section is 18 km long and 150 meters wide. Sectors 81-115 have developed throughout its length with sectors dedicated to housing projects, shopping malls and utilities. Dwarka Expressway literally has low pollution levels and feels like a breath of fresh air. With its low population density, the right combination of urban planning, aesthetic and ecological design and additional greenery, it has become a promising investment destination.Conclusion-

Conclusion

So, these are some reasons to invest in Dwarka Expressway. It is a growing area and it will definitely gives you good return on investment in future. Sometimes it can be challenging to estimate the exact cost of buying a property near Dwarka Expressway. Therefore, before buying a property, one should consult to real estate experts.

Consulting an agent helps you in planning your budget accordingly. Tax implications can be difficult to analyze in a real estate transaction. If you buy a flat in Dwarka Expressway for investment purpose then ensure you are comfortable paying EMI even if there is no rental income from the property. Before buying real estate, you should also analyze the extent of the income from it. In addition, you must also calculate the risks associated with the property.

If you have any query then feel free to contact us!

Other links:-

Builders in Pune can use credit notes for wider payments

Affordable plots on Dwarka Expressway

Why Ahmedabad realtors convert commercial projects into residential?

7 Amazing Reasons to Invest in Hinjewadi | Benefits of Hinjewadi

7-amazing-reasons-to-invest-in-hinjewadi-benefits-of-hinjewadi

Planning to invest in Hinjewadi, Pune? But wondering whether it’s worth investing in? When it comes to investing in Hinjewadi, buyers often face a dilemma, as Pune has several thriving localities. So, to make things easier for you we have described the 7 amazing reasons to invest in Hinjewadi.

Hinjewadi is one of the fastest-growing cities and is highly regarded as the state economic center. Generally, it is considered to be a prominent and well-known location for the IT sector throughout India. Today it is one of the most popular real estate centers in the city along with Wakad, Balevadi, Kothrud, Aundh, and Baner.

Due to its continuous development, investing in properties in Hinjewadi can fetch you a good amount of returns. Also, it is considered one of the largest IT centers in Pune and ideal for real estate investments. Apart from high returns, there are several other reasons why the area is suitable for real estate investment. Below we explain the reasons to invest in Hinjewadi or the benefits of investing in Hinjewadi.

Why should you invest in Hinjewadi? | Reasons to invest in Hinjewadi

1- INFRASTRUCTURE dEVELOPMENT | Connectivity

The area offers connectivity to the other localities in Pune and IT institutions situated in Baner and Aundh. Hinjewadi also has proximity to two most popular highways i.e, Mumbai-Pune Expressway and Pune-Bangalore Bypass. The area also offers rich green areas and natural beauty as well as ample opportunities for high return on investment. The area consists of some well known hospitals including Lata Mangeshkar Hospital, Medpoint, Sahyadri Hospital, and Aundh Chest Hospital.

2- Profitable Deal

Real estate considered one of the smartest and reliable investments after gold. However, in the case of real estate, it is crucial to invest in the right place at the right time. Talking about the present scenario of Hinjewadi, it is absolutely an ideal destination for property investment. The area is witnessing high economic and infrastructure development and is one of the reasons to invest in Hinjewadi. It offers a pretty good price appreciation and you can definitely expect a higher return on investment in the future.

3- Education and Commercial Institutions

The presence of educational institutions plays important role in determining the demand of real estate in an area. Hinjewadi also known as an education center because there are many national, international schools and universities around it. Recently, many business schools, law colleges, engineering and art colleges have opened here. As a result, you can see a crowd of students from different parts of India. Some of them settle here with their families as they get permanent jobs after higher education. Ultimately, results in a surge in the demand for housing sector. Some notable educational institutions here include Indira College, Sinhgad College, MIT, and parts of Pune University.

Check out:- flat for sale in Hinjewadi

4- Ideal for rental income

No doubt Hinjewadi is an ideal destination for people looking for passive or rental income source. Rental incomes can be one of the reasons to invest in Hinjewadi. Both commercial and residential real estate segments can fetch you good rental incomes. Many companies looking for office space and working professionals looking for rental apartments for themselves and their families. Hence, both commercial and residential sectors are in great demand.

5- Excellent Growth Potential

Another advantageous aspect of real estate investing in Hinjewadi is that it has a high growth potential. Several business centers want to expand their office in Hinjewadi, ultimately creating more employment opportunities. This will lead to the immigration of potential buyers from different parts of the country. As a result, increasing the demand for real estate in the upcoming year.

6- Prominent Business Parks

There are several business centers located in Hinjewadi with office space and with highly developed infrastructure. Several leading MNC companies have offices here, resulting in an increase in employment, which in turn has led to an increase in demand for residential properties. Some prominent IT parks include Quadron Business Park, Embassy Techzone, and Blueridge. Hinjewadi also well connected with other parts of the city, close to the Pimpri-Pune railway junction and Pune airport.

7- Varied Housing Options

Hinjewadi offers a varied range of housing options to investors as well as end-users. There are apartments, bungalows, townships, villas which are also built for residential purposes only. The price of an apartment in Hinjewadi varies from Rs 4,200 to 6,800 per sqft. There are many residential properties in different segments including luxury and affordable properties for living and investment purposes. So, these are some reasons to invest in Hinjewadi . Further if you have any query or doubt, then feel free to contact us!

Also read:-

Publicly Disclose the Apartment Sales: MahaRERA

Investing in Panvel

Goa Government increases property registration fee by 0.5 to 1%

How Model Tenancy Act benefit Tenants and Landlords?

how-model-tenancy-act-benefit-tenants-and-landlords

Following the publication of the draft in 2019, on Wednesday the Union Cabinet approved the Model Tenancy Act (MTA) model. This will simplify the rental process in India and help the rental economy in the real estate sector.
According to the government, the law will help reform the legal framework for rental housing throughout the country, which will contribute and improve the overall economy growth.

What’s the purpose of this law?

According to the 2011 census, more than 1 crore of houses were empty in urban areas. Existing rent control laws had restricted the growth of the rental housing sector. Also homeowners avoid renting their homes due to fear of repossession. One of the possible steps to unlock the vacant house and to remove fear of homeowners is to bring transparency and accountability into the existing system for renting premises. While considering the interest of both homeowner’s and the tenant’s in a balanced manner.

The Model Tenancy Act 2021 seeks to create a sustainable, dynamic, and cost-effective rental housing market. The law will institutionalize rental housing, progressively move it towards the formal market and is aimed at meeting the demand of both owners and tenants. The Act also promotes the opening of houses that have been untenanted for several years.

How does Modern Tenancy Act benefit tenants?

  • Limit the security deposits:- The tenants have to pay at least one year’s rent as security deposit in cities like Bangalore and Mumbai. However with the new Act homeowners cannot demand for rent for more than two months as security deposit.
  • Restrict frequent rent hikes:- Throughout the rent agreement or lease period, homeowners cannot increase their rent. The homeowner must give the tenant three months’ prior notice before increasing rent.
  • Stop’s homeowner’s invasion:- The homeowners entering premises whenever and wherever they want, is a frequent complaint of various tenants. To prevent this from happening, the policy says owners must give 24 hours written notice before visiting. In addition, they can not come after 8 pm and before 7 am. Also, if there is a dispute between a tenant and homeowner of some nature then the homeowner cannot cut water and power supply to tenants. 
  • Responsibility of structural maintenance:- While the policy states that both parties will be responsible for maintaining the leased property. However the responsibility for maintaining the property structure lies on the owner. In case of any repair or replacement work, the owner must give a prior 24 hours notice to the tenant.

How does Modern Tenancy Act help landlords?

  • Overstaying of tenants:-
    Now tenants who do not follow or do not comply with the tenancy clause, like staying longer than specified in the lease period. Or late payment of rental payment will be fine heavily. Especially in case of a delay in the stay even after the expiration of the lease. The tenant must compensate the homeowner by paying a double rent for 2 months, which in some cases can increase up to 4 times.
  • Subletting the home/flat
    The tenant is not allowed to sublet all or part of the rental property without prior permission from the owner.
  • Eviction of tenants made easier
    According to the model tenancy act 2021, homeowners can apply for the right of rental for eviction in the rent court, if tenants have not paid their rent for two consecutive months.

Opinions of real estate experts on the Model Tenancy Act 2021:- 

Improves quality of housing.-

Ramesh Nair, former CEO, JLL India said. Housing for everyone cannot succeed without a strong rental housing model. The Model Tenancy Act not only reduces the slums quantity but it also improves the quality of housing. All government efforts have focused exclusively on home ownership. 

Build better tenancy market.-

Managing Director of Poddar Housing and Development, Rohit Poddar said. The Act will regulate and promote rental housing and play a critical role in increasing the supply of rental housing. This will become an important requirement in the near future as the population grows. The rental terms are clear to both tenants and homeowners and reduce a number of disputes due to unwritten agreements. So, the decision benefits both tenants and homeowners. The Act will also improve the growth of the rental housing market in India as a whole.

Encourage Investors participation.-

Managing Director and Chairman of Knight Frank India, Shishir Baijal said. GST, REIT, RERA, and now tenancy laws will help transform the real estate sector into a more transparent and consumer-oriented sector. Thus, attract the best investors and institutional developers in the world to wider participation in the country’s real estate sector.

The Act contains provisions that regulate the rights and obligations of both homeowner and tenant. We believe that this law is a step in the right direction and we are pleased that the law has become a fundamental reality during the pandemic time.

Increased trust between tenants and homebuyers.-

Vice-Chairperson and Sr VP of NAREDCO, Manju Yagnik said. The Model Rental Act will undoubtedly be a game changer, resulting in increased trust between homeowners and tenants. This helps to create a suitable rental market without ambiguity. With the formation of a separate leasehold and tenancy law there will be a speedy resolution of disputes. In the short term, this law will lead to an increase in the supply of rental housing. It benefits all those seeking to migrate in search of work to an urban area.

Create new rental housing.-

National President of NAREDCO, Niranhan Hiranandani said. A new law is needed to make life easier for tenants, landlords and investors. The Model Tenancy Act 2021 will help reform the legal framework for rental housing across the country, thus helping in stimulating overall growth.
The law will make it easier to remove the blocking of vacant rental homes. This is expected to provide impetus to private sector participation in rental housing as a business model to tackle the huge housing shortage. The law will institutionalize rental housing and gradually push it towards the formal market. This Act ensures the creation of new rental housing for all segments of the population and tackles the challenges that housing seekers face.

Also read:-

Greater Noida development body starts new industrial plot scheme

Best Area to buy Flat in Pune

Chandigarh Housing board set up help desk for property auction

Top 6 Benefits of Investing in Panvel | Reasons to Invest in Panvel

benefits-of-investing-in-panvel-reasons-to-invest-in-panvel

In this article we have discussed the 6 incredible benefits of investing in Panvel. If you are considering investing in Panvel real estate but concerned whether it is worth it, please go through the below pointers. The benefits discussed in this article are based on feedback from builders, brokers and clients living in Panvel.

The Panvel residential market has witnessed a significant growth in the past few years. The area offers a wide range of real estate investment opportunities. Properties in Navi Mumbai are really modern and known for luxury living. Of all the locations in Navi Mumbai, Panvel is the hotspot for the real estate boom. It offers a mix of fresh and spectacular scenery, robust infrastructure, connectivity and more! Here are some of the reasons to invest in Panvel real estate. 

The 6 amazing Benefits of investing in Panvel

1 Infrastructure-

Panvel is 40 km from Mumbai and falls in the Raigad district. It has proximity to Thane and Navi Mumbai, two well-planned cities with robust infrastructure and attracts a lot of attention due to its proximity to major upcoming infrastructure projects. It is highly regarded for its connectivity as it is the intersection of various highways including Sion-Panvel Expressway, Mumbai-Pune Highway, National Highways 66, 4 and 4B.

The railway department is also executing crucial tasks in Panvel, and Panvel’s CST high-speed rail corridor is seen as an important game changer. As it will significantly reduce travel time and improve the overall transport connectivity of this region.
Also the long awaited Navi Mumbai International Airport is very close. The new airport expected to be operational by the end of 2021. It also includes the project NAINA – Navi Mumbai Airport Notified Influence Area, developed by CIDCO. Another project that is attracting more investors to Panvel is a corridor of over 100 km from Alibaug to Virar.

2 Connectivity

One of the main benefits of investing in Panvel is the seamless connectivity to other areas of Mumbai. It is well connected to the major localities nearby, thanks to its amazing rail/road connectivity. The area also connected to the western and eastern highways and also in the center of Konkan, which can easily connect to other countries.

Connectivity of Mumbai Pune Expressway and Sion-Panvel exit further improves the reach to Panvel. As such, these roads provide easy access to all parts of Mumbai, making Panvel a great place to invest in real estate.

Check out:- flats for sale in Panvel

3 Profitable investment

Real estate is considered one of the smartest and most reliable investments. However in the case of real estate investing in the right position at the right time is very crucial. Otherwise you won’t get the desired output or profit. In terms of profit there are many benefits of investing in Panvel. When buying a property, the amount of potential major infrastructural and economic improvements in that location should be considered. Nowadays, it is profitable to buy a new home somewhere like Panvel where you can expect a better return on investment in the future. 

4 Less Traffic Hustle-

Panvel is a well-structured and well-planned place as a result people can move without any hustle even during peak rush hour. Since two decades, it has witnessed an amazing social and physical infrastructure growth. Although the recent breakthrough came later than Thane, making it an excellent investment destination.

5 Educational Institutes

Panvel has well-known educational institutions as well as many famous schools and colleges. The presence of prestigious schools and colleges are one of the benefits of investing in Panvel. Some of the most prominent educational institutions are Mahatma School of Academic Sciences and Sports, New Horizon Public School, Media Studies and Research and St. Joseph High School.

6 Less Pollution 

Low pollution is one of the main reasons to invest in Panvel. It is the perfect place for those who want to live in peace, who want to enjoy landscapes and greenery. It offers accommodation at very reasonable prices compared to Mumbai and has both affordable and luxury homes. Also the level of pollution very low in Panvel compared to other areas thus, making it the most desirable place to invest in a home. 

Conclusion-

When buying a property you should consider the amount of potential major infrastructural and economic improvements in that location. One should definitely consider Panvel, as the benefits of investing in Panvel are many. It is already a well planned city and has most of the amenities ideal for a perfect living. There are many banks, gyms, popular restaurants, clubs, amusement parks, shopping malls, etc. It also has some well-known and famous educational institutions. Considering all these factors, Panvel is definitely going to be one of the best areas to invest in real estate. 

Also read:-

flats for sale in Mumbai

MahaRERA Orders Acme Housing to pay interest of 21 months of delay

Best Area to buy Flat in Pune

10 Best Area to buy Flat in Pune 2021

10-best-area-to-buy-flat-in-pune-best-area-to-invest-in-pune

Looking for the best area to buy flat in Pune 2021? Confused which is the best area to invest in Pune? In this article, we have discussed the top 10 areas or localities which are perfect for buying an apartment in Pune.

Maharashtra has been a pioneer in the effective implementation of RERA, thereby creating positive momentum in the real estate industry and increasing consumer interest. This has been a huge boost in the Pune real estate market supported by new transparency and accountability. The Pune housing market has preserved its momentum, even under difficult economic conditions. According to research, in recent years Pune has become one of the most efficient residential real estate markets.

It has gained a reputation as one of the most popular places to live after retirement. In addition to retirement, this city is desirable for living. So, if you are planning to settle in Pune, this article is for you. We have selected some of the best area to invest in Pune based on feedback from residents, proximity to major social centers, career centers, and proximity to airport and railway stations.

Best area to buy flat in Pune | Best Locality to buy flat in Pune 2021

1. Baner

Baner is located in the northwest of Pune and is a residential and commercial city just off the Mumbai Highway. Its nearby places are Balewadi, Pashan, Mahalunge, Aundh, Sus. Housing demand is primarily driven by professionals working in Baner-based software companies and other nearby employment centers, such as Rajiv Gandhi Infotech Park located in Hinjewadi.

Connectivity-  The city has road links via Baner Road, Mumbai Highway (NH-48), and Pashan-Sus Road. It has a good public transport system that connects it with other areas of Pune. Pune Junction Station and Pune International Airport are 12 km and 18 km and can be reached within an hour. In addition, the planned 23.3 km of metro line 3 (Hinjewadi Phase III – Civil Law) would further increase connectivity in the region and improve the overall infrastructure. 

Rajiv Gandhi Infotech Park is closely linked with Baner, a large 3-phase employment center in Hinjewadi. Therefore makes it the best area to buy flat in Pune. It has the presence of different IT / ITeS & BPO units together with some biotechnology and car companies. The main companies here are Cognizant, Infosys, Wipro Technologies, Tata Consultancy Services, Capgemini, etc.

Price of flat in Baner – The price of an apartment or flat in Baner starts from Rs 6,000/sq ft and goes up to Rs 9,400 per sq ft.

Check out:- flat for sale in Baner

2. Viman Nagar

Viman Nagar got its name because of its connectivity to Pune Airport, which is only half a kilometer from the city. It is also considered as one of the posh localities in Pune, with areas like Mhada Colony and Kargil Vijay Nagar. It is surrounded by Pune Airport to the north, Sanjay Park to the west, Kargil Vijay Nagar to the south, and Tata Nagar to the east.

Connectivity:- The city is well connected to the rest of the localities in Pune through the Pune-Ahmedabad highway. Pune railway station is situated just 8 km from the city. Viman Nagar has close proximity to Pune International Airport. It is just 0.5 km away which makes it best area to invest in Pune. The upcoming Ramwadi metro station on line 2 of the MahaMetro line expected to open in 2023, would further improve the connectivity of this area.
Koregaon Park, Kharadi, Tingre Nagar, Mudhva, are some of the nearby employment areas, which are 5 to 10 km from Viman Nagar. Proximity to these areas makes it the best area to buy flat in Pune. Generally, most of the retail markets and office space are situated on main roads like Samrat Ashok Road, Symbiosis Road, and Viman Nagar.

Price of flat in Viman Nagar. The price of an apartment or flat in Viman Nagar starts from Rs 6,700/sq ft and goes up to Rs 10,200 per sq ft.

Check out:- flat for sale in Viman Nagar

3. Hinjewadi

Hinjewadi is one of the largest IT centers in Pune and also the most popular real estate center in the city today. It offers a number of investment opportunities in premium and middle-class housing projects and therefore best area to invest in Pune. The area offers excellent connectivity to the Baner, Hinjewadi, and Aundh IT parks. As well as the Pune-Bangalore ring road and the Mumbai-Pune highway.

Connectivity:- The government has proposed a metro line between Hinjewadi and Shivajinagar which reduces traffic during peak hours. Hinjewadi is extremely safe as there are CCTV cameras everywhere. It has some well-known educational institutions like Euro Kids and Indira School of Career Studies.
The area offers excellent connectivity to Mumbai, Bangalore, and other central Pune areas via the Mumbai-Pune Expressway and Pune-Bangalore bypass. Pune Airport is 25 km away from the Hinjewadi Aundh highway. Thus, makes it the best area to buy flat in Pune. It has some well-known IT parks like Rajiv Gandhi IT Park, Embassy Techzone. Quadron Business Park, and Blueridge that attract IT professionals from all over India.

Price of flat in Hinjewadi. The price of an apartment or flat in Hinjewadi starts from Rs 4,600/sq ft and goes up to Rs 6,800 per sq ft.

Check out:- flat for sale in Hinjewadi

4. Kharadi:-

Another very notable place for housing is Kharadi. Kharadi is located east of Pune on the banks of the Mula Mutha River. It is located on the ring road that connects the Pune-Solapur National Highway with the Mumbai-Ahmednagar Highway. Public transport is not a problem and there are numerous public buses running in the area. It is a very beautiful place and one of the best area to invest in Pune. You can find all modes of transportation from this part of the city to any major industrial area in the city.

Connectivity:- Kharadi is close to the airport and major residential areas such as Cyber ​​City and Koregaon Parkbut. Also, it has excellent road links that make the city easily accessible to all major parts of Pune. Kharadi is Pune’s upcoming IT hub supported by a fast-growing micro-market across multiple industries, including IT, hospitality, education, and retail. It borders important locations such as Kalyani Nagar, Mundhwa, Viman Nagar, Wagholi, Hadapsar, and Koregaon Park. IT parks like WTC, Zensar, and EON are the main attractions in this region which make it best area to buy flat in Pune. The infrastructure in Kharadi is really good and it has some well-known hospitals as well.

Price of flat in Kharadi. Affordable housing is available in Kharadi, making it perfect for both home buyers and investors. If you want to sell property in Pune, this area is the best option for you. Also, it is one of the best rental markets in Pune and fetches a good amount of income for you. The price of a flat in Kharadi starts from Rs 5,700/sq ft and goes up to Rs 8,500 per sq ft.

Check out:- flat for sale in Kharadi

5. Undri

Undri has become a one-stop destination for builders with high-level projects. One of the benefits of this region is its amazing links through city roads and highways. Although Undri has far surpassed our notions in recent years, it still retains its natural beauty.
With MIDC in Hadapsar Industrial Zone and Swami Vivekananda Industrial Zone in Handewadi, it has become best area to invest in Pune. Small and large companies have been established ranging from automobiles, electronics, biotechnology, chemistry, pharmaceuticals, textiles, etc.

Connectivity:- Nearby localities include Purandar taluka in the east, Velhe taluka in the west, Pune taluka in the north, and Pimpri-Chinchwad in the south. The Mumbai-Pune ring road is easily accessible from Undri, and the NH-9 is just 7 km away and makes it the best area to buy flat in Pune.

The airport is just 12 km away and the nearest railway station is situated at a distance of 8 km. Undri has some big malls like Seasons Mall and Dorabjee’s Mall. Mumbai-Bangalore Highway, Pune-Saswad Highway, Mumbai-Hyderabad Highway, and NIBM Highway are the main life trails in this region. Pune Junction and Hadapsar railway station can be reached by train and can be reached from Undri in 20 minutes. The proposed Greenfield International Airport in Saswad Purandara will be about 22 km from Undri.

Price of flat in Undri. The price of an apartment or flat in Undri starts from Rs 4,000/sq ft and goes up to Rs 6,100 per sq ft.

Check out:- flat for sale in Undri

6. Hadapsar

Hadapsar is located east of Pune and is one of the best and most developed cities in Pune and the best place to stay for the whole family. Hadapsar, the center of IT in Pune, has undergone a huge transformation. There were once farms in Hadapsar, but now it has undergone radical changes. Corporate companies like TCS, IBM, Accenture, and SAS, to name a few, have offices here. The town of Magarpatta and Fursungi IT Park are famous names in the region. From a housing perspective, there are many entertainment and recreational facilities, and real estate development makes it an ideal place for living.

Connectivity:-
Hadapsar connected to major cities such as Nagpur and Mumbai via NH 9 and NH 27. The railway station is only 4.0 km from Hadapsar and the airport is 14 km away. Hadapsar used to be little more than agricultural land. But now it has become the city’s IT center which makes it an ideal or best area to invest in Pune.

Price of flat in Hadapsar. The price of a flat in Hadapsar starts from Rs 5,300/sq ft and goes up to Rs 9,000 per sq ft.

Check out:- flat for sale in Hadapsar

7 Balewadi

People looking for a new home can easily choose the Balewadi region when they have budget constraints. Balewadi has the most affordable houses in their class and you can easily find a home for both family and solo person.

Connectivity:-
Balewadi is a northwestern suburb of Pune, located on the outskirts of the old town. It is famous for the location of the Shiv Chhatrapati sports complex. Balewadi is very close to the Baner, Aundh, and Mumbai-Pune Expressway. Therefore, real estate in Balewadi is highly desirable and is best area to buy flat in Pune.

Price of flat in Balewadi. The price of an apartment or flat in Balewadi starts from Rs 6,000/sq ft and goes up to Rs 8,900 per sq ft.

Check out:- flat for sale in Balewadi

8 Kondhwa

Kondhwa is one of the oldest southeast colonies of Pune. It is one of the most recently built residential areas and the fastest growing suburb of Pune. Kondhwa has connectivity to Pune Railway Station, Baner Airport, etc.

Connectivity:-
NIBM Road, a 3.5 km stretch that connects Kondhwa Road with the Katraj-Hadapsar city road, will become a potential destination for investors. Good transport connectivity, planned surroundings, and the availability of all kinds of necessary infrastructure promote the demand for real estate here. This in turn affected property prices in the area, which took a bullish move and makes it the best area to invest in Pune.

Price of flat in Kondhwa. The price of an apartment or flat in Kondhwa starts from Rs 4,500/sq ft and goes up to Rs 7,100 per sq ft.

Check out:- flat for sale in Kondhwa

9 Mundhwa

Mundhwa is an east area of Pune. It is bounded by the Mula River to the north, Manjri to the east, Ghorpadi to the west, and Hadapsar to the south. This is the ideal place for new buyers looking for cheap or affordable housing options. Located on the outskirts, but at the same time very well connected, which makes it an ideal destination for home buyers.

Connectivity:-
Mundhwa considered an affordable investment destination in Pune. It is close to most IT parks and is still located between the Manjiri Green Area in the east and Ghorpadi in the west. Mundhwa has a number of options when it comes to real estate. It is the best area to buy flat in Pune for people living near Manjiri Green Area. The locality has everything from apartments to mansions, villas, and independent houses.

Price of flat in Mundhwa. Property prices in Mundhwa are quite affordable these days. The price of an apartment or flat in Mundhwa starts from Rs 5,100/sq ft and goes up to Rs 7,500 per sq ft.

Check out:- flat for sale in Mundhwa

10 NIBM Road

NIBM Road in Pune has become one of the most suitable places to live in Pune. It is famous not only for homebuyers but also for the rental community. The factors that determine its popularity range from solid infrastructure to competitive housing. Wide connectivity to the popular areas of Hadapsar, Magarpatta, Kondhwa, and Kalyani Nagar as well as many modern conveniences and infrastructure.

Connectivity:-
Although NIBM does not have its own IT center, it provides easy access to nearby technology parks. For example, Magarpatta IT Park is 8 km from NIBM along Solapur Road. Some of the global giants in Magarpatta IT Park include HCL Technologies, Capgemini, Mphasis, and New York Mellon. In addition, NIBM also offers unobstructed connectivity to Hadapsar via Vitthal Rao Shivarkar Street and Mumbai Highway. It has many manufacturing companies and IT professionals. Such as Serum Institute of India Pvt.Ltd, Maruti, IB Automation, Kirloskar Pneumatic Company Ltd. Presence of MNC companies makes it an ideal or best area to invest in Pune.

Price of flat in NIBM Road. The price of an apartment or flat in NIBM Road starts from Rs 5,200/sq ft and goes up to Rs 7,700 per sq ft.

Check out:- flat for sale in NIBM Road

Conclusion:-

In this article, we have described some best area to buy flat in Pune. The price of flats stated in this article is based on research and may differ from the actual one. You should always invest your money considering your budget and requirements. Also, the ongoing pandemic has disrupted or changed the plans of both home buyers and investors. As the ever-increasing prices in these areas show. Property prices here are likely to improve in the future following the execution of several major infrastructure projects.

Which are the best area to buy flat in Noida 2021?

which-are-the-best-area-to-buy-flat-in-noida-2021

Looking for the best area to buy flat in Noida? There are various residential sectors in Noida, and often people face a dilemma when choosing the best one. In this article, we have described the 6 best localities that are ideal for living in Noida.

Noida is considered as one of the most affordable areas in NCR for home purchase. The city is experiencing rapid real estate development and offers opportunities for both home buyers and investors. From the metro to world-class physical and social infrastructure, Noida is currently one of the favorite destinations for home buyers. 

Affordable housing prices and good connectivity have been key factors in the popular demand of Noida and Greater Noida in recent years. Accessibility and cost-effectiveness in homes supply are also responsible for the popular demand for flats. Getting to Noida has always been a good decision for both investors and home buyers. Here are the 6 best area or localities to buy flat in Noida.

List of top or best area to buy flat in Noida-

1- Noida Sector 137

Noida-sector-137

Sector 137 is a well-planned residential sector in Noida and is one of the most popular localities for various reasons. Here, several residential projects have emerged that offer spacious homes at a reasonable price. Most of the residents here are professionals working in and around Noida. It is adjacent to popular localities like sectors 142, 141, 135, and 136. 

Connectivity- Sector 137 is located next to the NGN Expressway providing good connectivity to other areas of Delhi. It is located approx.12 km from the Mahamaya Flyover. It also has connectivity to Aqua Line metro, proximity to the Noida-Greater-Noida Expressway, new facilities with world-class amenities, and excellent infrastructure. Sector 137 is well linked by the FNG Expressway, which connects the city with Faridabad, Noida, and Gurgaon.

Property price- The price of an apartment or flat in Noida sector 137 starts from Rs 3,800/sq ft and goes upto Rs 5,910 per sq ft. The average price is approximately Rs 4,800/sq ft. Check out:- flats for sale in noida sector 137

2- Sector 150

Located at the intersection of Yamuna Expressway and Noida-Greater Noida Expressway. The area is witnessing massive property development and has become one of the best area to buy flat in Noida. Several major real estate brands are launching their projects in the area. Sector 150 is about 9 Km from Pari Chowk.

Due to its strategic location and presence of prominent and reliable developers, sector 150 has become a great real estate investment hotspot. Presence of reliable developers and strategic location makes it an ideal place for real estate investment.

Connectivity- Sector 150 is connected to Noida and then to Delhi via Noida Expressway and Greater Noida via Yamuna Expressway. The nearest metro station from here is Sector 148 which lies on the Aqua Line of Noida Metro. It has proximity to various well-known IT parks like Knowledge Park, Stellar Business Park, Unitech Infospace, and other industrial facilities. 

Property Price- The price of an apartment or flat in Noida sector 150 starts from Rs 4,900/sq ft and goes upto Rs 6,920 per sq ft. The average price is approximately Rs 5,900/sq ft. Check out:- flats for sale in noida sector 150

3-Sector 50

Sector 50 is one of Noida’s elegant areas, where some of the most expensive properties are available for investment. Part of this sector has several multi-storey residential projects that offer apartments in different price ranges. Close to the major commercial markets, sector 50 is one of the best choices for tenants working in Noida Electronic City, thanks to the best infrastructure and greenery. So, it is the best area to buy flat in Noida for people working near the electronic city. 

Connectivity- The area has connectivity to City Center Metro Station and Logix City Center Shopping Mall. Sector 50 has its metro station on the blue line and is well connected to Greater Noida, Ghaziabad, and Gurgaon. The locality has large green areas and the roads are well-developed. Stations like City Center metro station and Golf Course road have proximity to this sector. The famous commercial and institutional sectors like sector 62, 63, 65, Noida expressway, and Film city are 7-10 km away. And can be reachable in 20-30 minutes.  

Property Price- The price of an apartment or flat in sector 50 starts from Rs 5,200/sq ft and goes upto Rs 8,400 per sq ft. The average price is approximately Rs 6,800/sq ft. Check out:- flats for sale in noida sector 50

4- Sector 75

noida-sector-75

With several new units available, sector 75 has become the fast-developing Real Estate Hub. This locality has gained prominence amongst those homebuyers who don’t want to move towards Noida-Greater Noida Expressway. Blueline metro connectivity makes it an attractive area for both home buyers and investors. It also has proximity to several entertainment hubs like Logix City Centre mall, DLF mall of India, and Galleria. 

Connectivity- The area has moderate public transport connectivity and good social and physical infrastructure. Sector 75 has proximity to NH-24 highway, DND Flyover, Yamuna Expressway, and FNG Expressway. Ghaziabad Railway Station and Indira Gandhi International Airport are 15 km and 37 km away from this area. Proximity to several roads and highways makes it the best area to buy flat in Noida. 

The city has a sector 50 metro station that connects it with some of Noida’s largest shopping malls and to the Film City & Sector 18. The newly growing regions of Greater Noida are also easily reachable within 15- 30 minutes from the area.

Property Price- The price of an apartment or flat in sector 75 starts from Rs 4,300/sq ft and goes upto Rs 6,500 per sq ft. The average price is approximately Rs 5,400/sq ft. Check out:- flats for sale in noida sector 75

5- Noida Extension 

noida-extension

It is a growing real estate hotspot surrounded by Ghaziabad and parts of Greater Noida. The area is developing rapidly and is famous for its affordable property prices. A key factor that strongly influences the growth of housing in Noida Extension is its good connectivity with Ghaziabad, Greater Noida, and New Delhi. The area has become a commercial hub thanks to the presence of large companies. This is a well-planned residential complex that provides a comfortable life for the residents. 

All well-known residential developments such as Gaur City, Stellar Jeevan, Nirala Greenshire, and Eco Village 1 and 2, are easily located just 2-3 km away from Kisan Chowk. The locality has several options and a variety of affordable housing options and therefore makes it the best area to buy flat in Noida.

Connectivity- Bisrakh Road, Greater Noida Link Road, and Vikas Marg are the main roads in this locality. In addition, the approved phase 2 of the Noida metro (Sector 71 – Knowledge Park 5) will further boost the connectivity of this locality. It is well connected with several most important business avenues. Within 20-30 minutes you can reach IT parks and office space located in sector 62, 60, 57, 59, 58, etc.  Ecotech II and Ecotech III are important industrial centers located only 10-20 minutes from the Noida Extension.

Property Price- The price of an apartment or flat in Noida Extension starts from Rs 3,200/sq ft and goes upto Rs 4,460 per sq ft. The average price is approximately Rs 3,800/sq ft. Check out:- flats for sale in noida extension

6- Sector 128, Noida Expressway-

Sector 128, strategically located along the Noida Highway, is a large and well-planned sector. It has a designated green area and a large public park. The sector is known for its popular city project, Jaypee Wish Town, which consists of several apartment buildings with excellent facilities. It is the best area to buy flat in Noida for those who want quick connectivity to the expressway. 

Connectivity- The roads that play a major contribution are Sardar Vallabh Bhai Patel Marg and Noida Expressway. These roads connect sector 128 to other sectors. In addition sector 128 well-connected to the DND flyway and Mayur Vihar flyover. It has proximity to IGI airport and Hazrat Nizamuddin railway station. The IGI airport almost 30 km away whereas the Hazrat Nizamuddin railway station can be reached in a half-hour drive. 

Neighboring sectors such as sectors 132, 127, 126, and 125 are important institutional sectors. They have well-known towers like Tech Boulevard, HCL Corporate Campus, Lotus Business Park, Logix Techno Park, Windsor IT Park, and Express Trade Tower. Key business centers, IT parks of Noida Expressway are close to sector 128. 

Property Price- The price of an apartment or flat in sector 128 starts from Rs 4,470/sq ft and goes upto Rs 7,700 per sq ft. The average price is approximately Rs 6,100/sq ft. Check out:- flats for sale in noida sector 128

Conclusion-

Noida’s infrastructure is developing at a rapid pace and regular government control on the metro project will surely improve the city’s overall connectivity. In this article, we have discussed the 6 best area to buy flat in Noida. All the areas described in this article are very popular and have good connectivity. You should always choose a location based on your budget, proximity to the workplace, and lifestyle preferences. The price of flats stated in this article may differ from the actual price. Further if you have any query or doubt, then feel free to contact us!

Top 6 localities to Buy Flat in Bangalore!

buy-flat-in-bangalore

Looking for the best locality to buy a flat in Bangalore? Then stay tuned, in this article we have discussed some top localities to buy flats or apartments in Bangalore. 

Bangalore, also known as the Silicon Valley of India, has become one of the most favored places to live. Its amazing weather, varied IT parks, diverse entertainment and leisure options, and quality educational institutions have made it the perfect destination to enjoy a good lifestyle. 

As real estate prices are rising, it is very important to know where to invest your money. If you have been in Bangalore for some time or planning to buy a flat in Bangalore, this is the perfect destination.

Bangalore is now expanding and developing at a fast pace and the suburbs of the city have now evolved beyond perception. It has become India’s fastest-growing metropolitan city that has always been one of the active residential markets. The city has always been the most preferred location for real estate investments. 

Both luxury and affordable housing are witnessing great demand. However, affordable housing is still the top priority for most home buyers since the price of luxury housing is significantly high. Often people get confused when choosing the locality because there are so many options available in the market.  So if you have decided to buy a flat in Bangalore, read this article. We have list down some top localities to buy flat for sale in Bangalore. 

Best places, areas to buy flat in Bangalore- 

1- Whitefield- 

whitefield-bangalore
Image Source- Wikipedia.

Whitefield is situated in the eastern part of Bangalore and is approximately 22 km from the city centre. Establishment of IT hubs is one of the major reasons for city’s development.

It has a perfect blend of famous IT companies, restaurants, and shopping complexes. Tech Park, Sigma Tech Park, GR Tech Park,  EPIP Zone are some famous IT parks located in Whitefield. Therefore, Whitefield is the best place for the people who work in these IT parks.

Connectivity- The city is well connected to the other parts of Bangalore via road and rail. Whitefield railway station connects Bangalore to other parts of the country and is easily accessible. Apart from rail, it has good bus connectivity as well. Several upcoming metro projects will further improve the connectivity of this locality. 

Price of flat in Whitefield- The price of apartment or flat in Whitefield starts from Rs 4,700/sq ft and goes upto Rs 7,800 per sq ft. The average price is approximately Rs 6,200/sq ft. 

Check out- “flat for sale in Whitefield Bangalore

2- Electronic City

electronic-city-bangalore
Image Source- Wikipedia

Electronic city is one the most acclaimed IT hubs of Bangalore, and witnessed a remarkable growth over the past few years. Here both residential and commercial real estate are always in great demand. It is spread over more than 700 acres and is one of the largest electronic industry parks in the country. It consists of 3 phases i.e, Phase 1, Phase 2, and Phase 3 and all phases are equipped with necessary amenities.

Connectivity- The electronic city is located 18km on Hosur road from the centre of Bangalore. Connectivity of Electronic city has improved with the 10 lane mixed corridor elevated highway. It’s a 10 km long highway on NH7, Hosur Road, and is the longest elevated highway of India. Thus, has an exceptional connectivity to other areas of Bangalore. Soon there will be metro connectivity in the city.

Price of flat in Electronic City- The price of apartment or flat in electronic city ranges from Rs 3,400/sqft- Rs 5,800/sqft. The average price is approximately Rs 4,600/ sq ft.

Also check- “flat for sale in electronic city Bangalore

3- Kanakapura Road-

kanakapura-road-bangalore
Image Source- Wikipedia

Kanakapura road is located in the southern corner of Bangalore and is 50km from the central city. It also has greenery however most of the green areas are located in suburban areas of Kanakapura road. The city is popular for the production of granite and silk and has significantly lesser traffic on the road. Since the past few years Kanakapura road has witnessed a major real estate development and has become one of the most sought after areas to live. 

Connectivity- Its proximity to highly developed areas like JP Nagar, Jayanagar, Kumaraswamy Layout, and Banashankari. The city houses some well-known and famous educational institutes like Kendra Vidyalaya, Dayanand Sagar, Delhi Public School, and Narayana. The city is well connected to major IT parks and famous localities. 

Price of flat in Kanakapura Road-  Currently the price of flat in Kanakapura road varies from Rs 4,200- 7,400/sq ft. The average price is approximately Rs 5,800/sq ft and offers a 2%-3% appreciation rate. 

Check out- “flat for sale in Kanakapura road Bangalore

4- Hebbal

hebbal-bangalore
Image Source- Wikipedia

Hebbal is located 10 km from the Bangalore city centre and is a developing area in North Bangalore. It is surrounded by many residential areas like RT Nagar, Nagawara and Thanisandra. Hebbal has high skyscrapers, mid level, and low range buildings. It has well-developed flyovers, amazing parks, bird watching, and lake boating facilities as well. The plan of infrastructure is very good to accommodate future population growth.

Connectivity- Hebbal has an excellent connectivity with the other parts of Bangalore and Kempegowda International Airport. Hebbal flyover, Bellary road, and NH 44 has enhanced the road connectivity of this locality. Apart from roads it also has good bus and rail connectivity. Kempegowda International Airport is 30 km and Krantivira Sangolli Rayanna Railway Station is just 11 km away from Hebbal. 

It has proximity to well-known companies and IT parks like- Manyata Tech Park, TCS, IBM India, Cognizant Technology, Concentrix, etc. 

Price of flat in Hebbal- The price of apartment or flat in Hebbal ranges from Rs 6,500/sqft- Rs 10,100/sqft. The average price is approximately Rs 8,200/sq ft. 

Also check- “flat for sale in Hebbal Bangalore

5- Sarjapur Road

sarjapur-road-bangalore
Image Source- Wikipedia

Sarjapur Road is located about 20 kms from the Bangalore city centre and has become an ideal hotspot for real estate investment. Currently it is in the developing phase and is the upcoming future IT hub. Sarjapur Road well connected to other cities like Electronic City, Whitefield, and Marathahalli. Various ready-to-move or under construction apartments are available in this locality hence, makes it an ideal place for buying flat in Bangalore. Sarjapur Road houses well-known hotels, shopping complexes, educational institutes, and hospitals. 

Connectivity- Sarjapur Road connected to some major roads like Hosur Road, SH-35, and Hosur Road. Several upcoming metro projects will further improve the connectivity of this locality. The development of ORR metro line will pass under Phase 2A of the Nama Metro along the eastern part of Sarjapur Road, with a stop at Iblur. This metro project likely to be completed by the year 2023 and will further enhance the connectivity of this area. 

Price of flat in Sarjapur Road- The price of flat in Sarjapur Road ranges from Rs 4,500/sqft- Rs 7,400/sqft. The average price is approximately Rs 5,989/sq ft. 

Also check- “flat for sale in Sarjapur Road Bangalore

6- Yelahanka

yelahanka-bangalore
Image Source- Wikipedia

Yelahanka is located on the northern outskirts of Bangalore and is about 14 km from downtown. From the last few years, Yelahanka has emerged as a major destination for real estate investment. Due to its good quality social infrastructure, it has become a preferred location for investors and homebuyers. The locality has several defense institutions like BSF Campus, CRPF Base, and Air Force Station. The locality has a perfect blend of villas and multi-storey apartments. 

Connectivity- Yelahanka is well-connected with the rest of Bangalore through NH-44, Doddaballapur Road, Yelahanka Road, and Yelahanka Junction. It houses some famous educational institutes like Nitte Meenakshi Institute of Technology, Sir M. Visvesvaraya Institute of Technology, and BMS Institute of Technology and Management. It also shares a good connectivity with airport, Manyata Tech Park, and IT corridor along ORR. 

Price of flat in Yelahanka- The price of flat in Yelahanka ranges from Rs 4,200/sqft- Rs 6,500/sqft. The average price is approximately Rs 5,300/sq ft. 

Also check- “flat for sale in Yelahanka Bangalore

Conclusion- 

The infrastructure in Bangalore is developing at a rapid pace and rapid government monitoring of the metro project will definitely improve the overall connectivity of the city in future. In this article we have discussed some top localities, area to buy flat in Bangalore. All the localities described in this article are really popular and are best to live in Bangalore. You should always select the locality based on your needs, lifestyle preferences, and proximity to your workplace. 

What Real Estate Expects from Union Budget 2021?

The Real Estate sector is considered one of the most crucial sectors for the Indian economy. It contributes more than 15% to the country’s GDP and apart from making major contributions to the GDP growth, it also provides employment to a major group of people. Hence, the sector plays an important role in economic growth and stability. 

It has played a vital role in recovering the economy after the coronavirus pandemic. The sector relies heavily on government policies and therefore favorable policies and regular cash flows are very essential for proper and continuous functioning of this sector. Continuous functioning ensures a good status thus helps to raise funds for projects from different schemes and proposals. 

Expectations of Real Estate sector from Union Budget 2021-22:

The first and foremost expectation from the budget is to set off GST paid on inputs like cement. This will help to reduce the cost of construction which ultimately results in lower property prices. 

In addition, the sector expects a GST amnesty for under-construction projects in the housing sector. These reforms will help in boosting the demand in the housing sector and surpass the prevailing financial crisis.

The sector also seeks high tax relief for home buyers as well. Under Section 24 (b) of the IT Act, a cap of Rs 2 lakh on housing loan interest needs to be improved and it should be increased to Rs 4.9 lakh approx. Giving tax relief to buyers will put more disposable income in their hands and eventually increase the demand.

A large number of real estate projects begin with the help of various sources of funding. Therefore, the government should guarantee some exemptions to the fundraising norms and ensure the accomplishment of substitute investment funds. Also, Government should boost the morale of private sectors to invest in the housing sector, mainly in affordable housing. 

In today’s scenario, liquidity crunch, the major problem faced by the real estate sector. This leads to delay in possession or project delivery, high project cost, and ultimately higher property prices. 

SWAMIH fund:- 

In September 2020, SWAMIH fund created to give relief and support the pending projects. It provides last-mile funding to middle-income and affordable residential projects. The government should continue SWAMIH funds and entrust more capital flows so that a large number of residential projects in Tier II and Tier III get a benefit. 

Conclusion:-

Now the Indian economy is recovering from a pandemic and all industries, including real estate, are looking at the Union Budget 2021 as a ray of hope. Because the budget has the potential to improve the economic condition. 

Experts said if the above-mentioned demands fulfilled in the Budget 2021-22, then real estate sector will gain a considerable boost for upcoming years.

UPRERA Prolonged Project Deadlines Amongst Covid-19

news_1858633604

In view of the progressing National lockdown, the Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has extended the validity time of project enrollment by three months under the Real Estate (Regulation and Development) Act (RERA).

The National lockdown has placed a complete halt on construction movement in the nation, and project fulfillment timelines are being deferred. Hence, to aid builders, UPRERA has extended finishing dates for ventures due between March 15, 2020, and December 31, 2020. The concerned advertisers will before long receive their revised venture enrollment certificates. The due date for some other statutory consistence has additionally been postponed until May 31, 2020.

The administrative authority has chosen to schedule team video conferences daily, to determine pending matters and for training its officers with respect to the same. In spite of, hearings of all protests listed until May 3, 2020, have been postponed.

As per to this arrangement, around 15 hearings will be scheduled before seats at Gautam Budh Nagar and Lucknow. The amended schedules will be drafted as the circumstance of COVID-19 advances, and technological instruments would be utilized to direct virtual hearings. UPRERA additionally plans to structure an online form, which real estate holders, homebuyers and advertisers can use to submit grievances. Associates of the public can likewise utilize of this Integrated Electronic Grievance Management System, to get redressal in a period bound way.