The home of God Ram, Ayodhya, was once a sleepy town and is undergoing an infrastructure makeover as the much-awaited Ram Mandir will be open in just a few weeks. The city is experiencing a real estate boom, with property values rising sharply. Due to the influx of investors, hoteliers, and business owners, property values in the city have increased by up to three times their initial value.
Local real estate brokers say there are very few left to purchase. “Ayodhya does not have any new land available,” real estate broker Kakku Singh stated.
In the periphery, where rates ought to have hovered around Rs 3,000. The current rates range from Rs 6,000 to Rs 7,000. There is no land around the Ram Mandir. If there is, it has no rate. One can obtain anything they desire, “he continued.”
As of November last year, over 9,000 houses had been solid in Ayodhya. The corresponding figure has increased by over 100% this year. According to data, 20,067 properties have sold this year.
As the inauguration date draws near, the prices have been at their highest.
From about 10,000 lakh in 2018-19, the department’s revenue has increased to Rs 15,631.33 lakh as of November.
As for a percentage increase, the Department’s revenue receipt for November was the highest in the State at 109%.
I get calls from people looking to purchase land to open resorts and hotels. According to Yogendra Pratap, Assistant Commissioner of the Stamp & Registration Department,” Therefore, this has increased the revenue of the Stamp Department.”
The community hopes that the investment will draw tourists and give many of them a source of income.
To capitalize on the rapidly expanding infrastructure, Rajjan Lal, who resides 40 km from Ayodhya, sold his property in the village and purchased a 1000-square-foot plot to open a small cement shop close to Ayodhya.
“There is a possibility of earning a decent living because of the temple construction. Though the rates are also high, I will do business here,” he remarked.
In Ayodhya, the government also intends to construct a 4.40-acre tourism facilitation center. A budget of Rs 130 crore is forecast.
The project will develop several commercial centers in the tourist center, such as a tourist office, lodging, food court, shopping center, art and craft center, and parking area. Soon the project should take off.
By the end of this month, the Ayodhya International Airport will probably be finished, according to Union Aviation Minister Jyotiraditya Scindia.
The abbreviation for Common Services Centers is CSC. CSCs are the program’s enablers for Digital India. The establishment of CSCs aims to offer business and e-governance services to residents living in rural and isolated areas. A CSC operator or citizen can access the digital sewa portal with the CSC login. Users can access social welfare programs, skill development courses, and vital government and public services by logging in with the CSC. Users can access social welfare programs, skill development courses, and essential government and public services by logging in with the CSC.
Digital Seva CSC Login: Features
The service’s name: Registration for CSC
Service Supplier: The Indian Government
Ministry of: Ministry of Electronics & Information Technology
Scheme Launch Date: July 16, 2009
Category: Government Scheme
Implementing Agency: CSC e-Governance Services India Limited
CSC Login: What are the CSC Login and Digital Seva?
The Ministry of Electronics and Information Technology in India launched the CSC Login on Digital Seva government program to provide digital services to residents in rural and remote areas. It’s part of the broader Digital India initiative introduced by the Indian government. The government is creating a nationwide network of Common Service Centers (CSCs) under Digital Seva via CSC Login.
Citizens can access public and private sector services through these digital seva Kendras (For CSC Login). These Community Service Centers (CSCs) are typically run by local business owners and provide a wide range of services in banking, e-governance, digipak, digital, education, healthcare, and entertainment. Operators can access the Digital Seva portal and provide services to citizens with the help of the CSC Login. A User ID and Password are needed for CSC login to access the online services.
The Digital Seva program’s objective is to close the digital divide and provide citizens living in rural and remote areas with access to the advantages of digital technology. Citizens can access a range of online services from the comfort of their homes with the help of these CSCs.
Login to CSC: What is the Digital Seva portal login process?
The following instructions explain how to register as a new user and log in (CSC Login) to the Digital Seva portal:
To utilize the services provided, you can log into the PMFBY portal.
Find a CSC: How do I log in to a CSC?
The CSC centers are centralized locations that offer numerous online services to the public. Using the CSC Locator, you can also find the closest CSC online. To find a CSC online, adhere to the instructions provided.
Choose the State, District, and Sub District from the drop-down list.
Type in the verification code.
Press the Enter or Return buttons. The CSC center’s address will show up on the screen.
How can I reset my password for CSC Login?
You can reset your CSC password if you forgot it while logging in. Use the procedures listed below to reset your CSC Login password:
Step 1: Visit the Digital Seva’s CSC login page.
Step 2: The CSC Login window has a “Forgot Password” link underneath it.
Step 3: Clicking this tab will open a new window.
Step 4: The user name, email address, and captcha code.
Step 5: Select “Create a New Password.” You will receive an email with a link to reset your CSC login password on the registered email address. Even after this, you can email the CSC team at https://csc.gov.in/ if you still have trouble changing your Login password.
How Can I Log in to CSC UTI?
Login to CSC UTI: To do the CSC UTO Login, you will have to follow the mentioned steps-
Step 2: Click the “Click Here” button that displays.
Step 3: On the ensuing screen, enter the username, password, and captcha code.
Step 4: Click the icon to log in. You are going to be able to log in to CSC UTI.
How can I use CSC to get LPG services?
The purpose of the CSC login cloud is to use a centralized CSC login to deliver citizen-centric services. Getting an LPG connection through a CSC login has helped Indian citizens since cooking gas, or LPG is a necessary utility for every home. You can apply online for an LPG connection by following these steps using the single login or CSC login:
Step 4: Type in your password and username (or email address). To generate a username and password on the CSC login Digital Seva portal, go to https://register.csc.gov.in/ and finish the registration procedure if you do not have a current one.
Step 5: Fill the Captcha
Step p 6: To refresh the page if the text is not readable, click the refresh button.
Step 7: Select “Sign In” by clicking the button. The Digital Seva portal will automatically log you in. After entering your information, you can proceed to request LPG-related services.
Which CSC services are available through the Digital Seva portal?
Through the Common Service Centers (CSCs) spread throughout India, the Digital Seva portal offers access to multiple services. The following list of services is available via the Digital Seva portal with a CSC login.
G2C (Government to Citizen) Services: Citizens can use numerous government services, including voter ID cards, passports, Aadhar, and PAN card enrollment.
Opening a bank account, requesting a loan, and applying for insurance policies are just a few banking and insurance services accessible through Digital Seva.
Service for Agriculture: Farmers can obtain information about soil health cards, seed distribution, and crop insurance. On the CSC, they can also view the current status of the PM Kisan installment.
Education Services: Digital Seva offers educational services, including online courses, skill development training, and scholarships.
Health Services: The general public can make appointments at government hospitals, obtain diagnostic services, and use telemedicine.
Utility Bill Payment: Residents can pay their gas, water, and electricity bills by logging in with their CSC credentials on the Digital Seva portal.
What is CSC 2.0?
The Common Services Centers 2.0 scheme is known as the CSC 2.0 scheme. It is an initiative by the Indian government to provide people in rural and isolated areas of the nation with easy access to digital services.
The program establishes Common Service Centers (CSCs) across the nation. For multiple digital services, including Aadhaar card enrollment, online bill payment, mobile recharge, and more, the CSCs serve as one-stop shops.
Local business owners with the necessary training oversee the CSCs. To access the portal, these entrepreneurs have their CSC login credentials. Their computers and printers are among the many tools they have for this.
An upgrade to the original CSC scheme, which debuted in 2006, is the CSC 2.0 scheme. The previous plan set up computer kiosks and offered internet access in remote areas. More digital services are included in the earlier scheme’s scope thanks to the CSC 2.0 scheme. The Government of India took an important step to close the digital divide in the nation with the CSC 2.0 scheme. In addition to increasing access to digital services in remote and rural areas, it has empowered people to become digitally literate.
The Kanpur Development Authority (KDA) has been working tirelessly to advance the city by building infrastructure and starting housing projects for its citizens. The board recently introduced a new plot scheme to offer affordable homes. Let us examine the program’s specifics, such as the requirements for eligibility and the application procedure.
Kanpur, one of the several cities lining the banks of the Ganges, is the city that epitomizes the typical Uttar Pradesh. Kanpur, a city that combines modern and traditional elements, is well-known for its iconic Green Park stadium and its thriving leather manufacturing industry. Its political fervor and cultural vibe have consistently made headlines.
Due to its constantly shifting setting, the Kanpur Development Authority (KDA) has become a key player, influencing the town’s development. With new initiatives and plans, KDA is committed to offering affordable housing to all families. The article examines a recent initiative of KDA, along with other significant details.
Concerning the Kanpur Development Authority.
One of the parties involved in creating and arranging the city’s infrastructure is the Kanpur Development Authority (KDA). The Housing Development of the Uttar Pradesh government oversees KDA’s operations. The authority actively allocates land for residential, commercial, and industrial uses, among other aspects of urban planning. KDA handles all infrastructure projects that improve Kanpur’s general quality of life. These projects include building roads, drainage systems, and public amenities.
KDA New Plot Scheme: Principal Features
Find out the salient details of this scheme and guarantee your position in the charging urban landscape of Kanpur:
FDA’s new plot scheme for 2023: Qualifications and paperwork
Applying for the FDA’s new plot scheme requires the candidate to meet the following requirements:
Applications for the Kanpur Development Authority Plots Scheme 2023 must be at least eighteen years old.
Those who qualify should own property or live close to economically deprived areas of Kanpur.
Potential candidates must be lawful permanent residents of Kanpur or any nearby states.
Entries for the KDA’s new plot scheme must include the following list of documents:
Documents needed for the new plot scheme in KDA
Passport-sized photo
Phone Number
PAN Card
Aadhaar Card details
Voter ID/ Aadhaar card
Caste Certificate
Certificate for the Disabled Category
Income Verification
Details of Spouse’s Aadhaar Card
How can I apply for the KDA New Plot Scheme 2023?
The KDA new plot scheme application process occurs offline. The Kanpur Development Authority has published a notice that includes project details and registration dates.
Applicants must complete an offline application process to qualify for the KDA’s new plot scheme. To purchase the registration booklet, go to the closest HDFC bank branch. The application includes all the forms applicants fill out, and payment must be made at the HDFC bank using a demand draft. The KDA website will then publish the draw outcomes, ensuring openness and accessibility for all participants.
KDA New Plot Plan 2023: Advantages
For the benefit of Kanpur’s citizens, the state government supports a new plot scheme that the Kanpur Development Authority (KDA) is introducing.
The program gives thousands of citizens the chance to obtain permanent residential addresses, giving them a sense of security and community.
The recipients of the program can purchase a plot of land in any designated state area, enabling them to participate in the city’s development and invest in premium real estate.
The program goes beyond the distribution of plots to guarantee housing for thousands of residents and to meet the increasing demand for high-quality living areas.
The KDA’s new plot scheme recognizes the value of community building and holistic urban development, and unlike individual schemes, it aims to benefit entire families.
Conclusion
The 2023 plot scheme, one of the visionary schemes of the Kanpur Development Authority (KDA), embodies the city’s modernization process. With KDA leading the way, the city is starting a sustainable development journey and looking forward to a time when Kanpur’s legacy is kept alive and enhanced for future generations.
It is no secret that the Indian real estate market has seen its fair share of difficulties and volatility, but it has long been a focus for investors. For Indian retail investors, however, who wish to diversify their investment portfolios, it offers a bright future today.
The industry presents an ideal opportunity for retail investors in multiple fields like residentials, commercials, retail, and logistics, with investors seeking to diversify their portfolios and generate sizable returns.
Despite obstacles like the COVID-19 pandemic and legislative modifications, India’s real estate market has proven remarkably resilient. Retail participation has become more accessible due to recent changes like the RERA Act’s implementation and the rise in REITs.
Retail investors now have a significant role in the Indian real estate market, marking a dramatic shift from earlier, when residential properties were their mainstay and a sign of the democratization of wealth. Retail investors will lead the next wave of growth with the ambitious target of a $1 trillion market size by 2030 as India works toward becoming a developed economy by 2047.
Fractional ownership is a new trend that is upending institutional investors’ long-standing hegemony over sizable commercial properties. Like other mutual funds, it enables regular investors to own these assets collectively through pooled investments. Due to its attractive returns, ease of tracking, and benefits for diversification, fractional ownership is becoming increasingly popular.
Various estimates place the value of the fractional ownership market in India at $5.4 billion in 2020 and indicate a robust compound annual growth rate (CAGR) of 10.5 percent to reach $8.9 billion by 2025. This strategy works under SEBI’s regulatory purview, facilitates access to Grade A office properties, and promotes portfolio diversification.
In the past, real estate was an effective inflation hedge. Real estate values typically rise in tandem with the cost of goods and services, providing investors with the possibility of capital appreciation. Additionally, rental income from real estate investments frequently increases with inflation, providing a consistent cash flow.
Retail investors have also shown interest in other investment classes, such as Real Estate Investment Trusts (REITs). Within the stock exchange space, they offer access to Grade A commercial real estate in a transparent, liquid, and regulated way, combining capital appreciation with dividends. There will be more options available in the future. Retail investors can also take advantage of these opportunities by investing in iconic infrastructure assets through infrastructure investment trusts (InvITs). Globally, fractional ownership, REITs, and InvITs are gaining popularity, and India is quickly following suit.
The viewpoint of the Non-Resident Indian (NRI) is highly significant. Remittances from non-resident Indians (NRIs) make India an attractive investment destination due to its strong economic growth and regulatory improvements. They are increasing their investments in high-value commercial assets through REITs and fractional ownership. Additionally, fractional ownership makes emerging asset classes like co-working, co-living, and student housing accessible, offering both domestic retail investors and NRIs exciting opportunities.
Retail investors stand to diversify their portfolios in alternative asset classes as the world’s debt and equity markets struggle with volatility. It coincides with India’s growing disposable income and income levels, making options like fractional ownership and REITs very appealing. These asset classes have momentum and will likely see faster growth over time.
Even though there are many opportunities in the Indian real estate market, retail investors must do extensive due diligence. It entails investigating the industry, comprehending regional dynamics, and evaluating the developer’s standing. Investors should diversify their portfolios, have a well-defined investment strategy, and be ready to make long-term commitments.
Retail investors have a fantastic chance to profit from the future growth potential of India’s real estate market. Investing in Indian real estate can yield significant returns with appropriate research, planning, and risk mitigation. As the industry develops, staying knowledgeable and making wise choices can result in returns, which attracts investors looking to broaden their investment horizons.
Success in real estate investigation requires careful study, wise financial planning, and a long-term outlook, just like in any other investment. When retail investors handle this industry well, they may discover that it becomes a pillar of their investment portfolio, offering growth, income, and stability in a constantly changing financial environment.
Envision residing in a community that approaches sustainable living! Enter Nandi Meraki, where a tranquil 14-acre lake and 60% green space may await your ideal home. Beyond its picturesque surroundings, the project has several environmentally friendly features, including a waste management system and a state-of-the-art solar power generating plant. Let us investigate its features and USPs in more detail.
Due to its advantageous location, Bannerghatta Road is a well-liked residential area for Bangalore’s end users and investors. It is close to Jigani and Electronic City, two South Bangalore commercial, industrial, and IT hotspots. This urban pocket’s solid social network, which consists of multiple schools, hospitals, and shopping malls, is another noteworthy feature.
Additionally, Bannerghatta Road’s investment potential will only increase with the completion of the metro. Many well-known and up-and-coming developers are considering this site to start their projects because of these businesses and advances in these establishments and developments. One such developer is Nandi Housing, which recently opened Nandi Meraki, a new housing development on Bannerghatta Road. Continue reading this article to learn more about the vital aspects of this project, including the cost, features, and local highlights.
An overview of the project for Nandi Meraki on Bannerghatta Road in Bangalore
Nandi Meraki is a low-rise housing project with four stories along Bannerghatta Road in Tejaswani Nagar. It covers eight acres in total. About 60% of this project is every nature lover’s dream. In total, Nandi Meraki consists of four towers with 444 apartments in 1-bedroom, 2-bedroom, 2.5-bedroom, and 3-bedroom configurations, and Meraki’s registration number is PRM/KA/RERA/1251/310/PR/311222/005573, and it is on file with Karnataka RERA.
Bangalore’s Nandi Meraki on Bannerghatta Road: Highlights of the project
Gazing upon 14-acre lake
400 KW solar power installation on a rooftop
Supported by centralized heat pumps driven by solar energy
Presence of 7,00,000 liter rainwater harvesting tanks
Composter to process organic waste quickly
Ensure maximum recycling with well-planned waste segregation systems.
Bangalore’s Nandi Meraki along Bannerghatta Road: Property options and costs
Nandi Meraki is a four-story building with residential apartments ranging from 1 BHK to 3 BHK. The project’s properties have a starting price of Rs 70 lakh and a maximum pricing of Rs 1.78 crore. The configuration-wise pricing details of the Nandi Meraki units appear in the following table:
Prices and options for properties
Setups
Extremely congested area
Cost
1-BHK
715 sq ft
Rs 70 lakh
2-BHK
1075 sq ft
Rs 1.05 crore
2.5 BHK
1590 sq ft
Rs 1.56 crore
3-BHK
1660-1820 sq ft
Rs 1.63-1.78 crore
Bangalore’s Nandi Meraki on Bannerghatta Road: Payment schedule
Interested parties may reserve a unit at Nandi Meraki using a payment plan linked to the construction. The remaining amount of the flat cost is due upon completion of the various slabs/stages of the project. The payment plan stipulates that Rs 50,000 will be the booking amount.
Bangalore’s Nandi Meraki on Bannerghatta Road: Facilities
More than 60 amenities are available at Nandi Meraki, combining well-being with ease of use. Several of the project’s notable amenities include:
Fitness and Health
Social Spaces
Temperature-controlled swimming pool
The Pavilion
Squash court
The studio
Gym
Herbal Garden Area
Pet Parks
Mini Theatre
Sand bed walkway
Lake viewing decks
Reflexology walkway
Library
Lotus Reflection Pond
Senior citizen deck
Children play area
Semi Outdoor Workspaces
Highlights of Nandi Meraki along Bannerghatta Road, Bangalore
Nandi Meraki is found on Bannerghatta Road in Tejaswini Nagar. Homebuyers like it because of its proximity to employment hubs like Electronic City and Jigani Industrial Area, which are within ten kilometers of Bannerghatta Road. Because Bannerghatta Road is so close to these job centers, it is a popular rental area in South Bangalore.
Bannerghatta Road, Bangalore: Connectivity
A crucial route along Bannerghatta Road, a section of SH-87, connects to several locations in South Bangalore. Near Nandi Meraki on Bannerghatta Road, NICE Road Roas is another vital connecting route. The following highlights the project’s distance from a few significant connectivity nodes:
Ballery Road connects Kempegowda International Airport to the project site 49 km away.
Nearby NH-48 provides residents with smooth inter-city connectivity.
In South Western, KSR Bengaluru is the closest train station, roughly 18 kilometers away.
Bangalore’s Bannerghatta Road: Cost trends
Most homes along Bannerghatta Road, a mid-segment housing belt in South Bangalore, are apartments, plots, and villas. The neighborhood has a limited supply of two-bedroom dwellings. There is also a high demand for three-bedroom options. In Bannerghatta Road, the average cost of a property is Rs 6,200 per square foot. The following table shows that over the past five years, the region’s property rates have grown at a respectable rate:
Bannerghatta Road Property Price Appreciation
Average Cost
Past three years
Past five years
Rs 6,200 per sq ft
15%
25%
Bangalore’s Bannerghatta Road: A possible investment
In addition to its popularity with end users, Bannerghatta Road is a possible residential hotspot for investors. A few significant projects planned along the route would raise living standards and drive up real estate values. Following the announcement of these infrastructure initiatives:
The ongoing construction of Namma Metro’s Pink Line will facilitate access to the metro for residents living near Bannerghatta Road. Kalena Agrahara is three kilometers away.
The Bangalore Suburban Railway’s future Kanaka Line would connect at Huskur, 14 km away. Finalizing this railway line will improve the connection between Bangalore’s north and south.
The projected growth in infrastructure presents the possibility of a spike in property prices along Bannerghatta Road. Nandi Meraki would be a good option if you could be an excellent investor in a project in this area. To make an informed choice, a buyer plans several site visits to verify the projects’ development status and perform in-depth market research.
According to the most recent data from PropTiger.com, the top eight residential markets worldwide have shown strong growth, with a 22% in sales and a 17% increase in new supply during the third quarter of the calendar year (July-September 2023).
According to a report published by PropTiger.com titled “Real Insight Residential– July-September 2023,” residential unit sales rose to 1,01,220 in the third quarter from 83,220 units during the same period in the previous year.
All cities saw rises in sales, with the Mumbai Metropolitan Region (MMR) and Pune contributing nearly half of the total volume, excluding Chennai.
The quarterly report tracks eight key housing markets: Delhi-NCR, MMR, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Ahmedabad.
Sales information on apartments and villas is part of the data on the housing market. The micro-markets in Gurugram, Greater Noida, Faridabad, and Ghaziabad are all part of Delhi-NCR. Mumbai, Thane, and Navi Mumbai are all part of the MMR.
The business head of PropTiger.com and CFO of REA India, Vikas Wadhwan, stated: “The housing markets in the top eight cities are still expanding. Positive customer sentiment supports the robust demand.”
Pent-up demand, rising disposable income, steady interest rates, and rekindled investor demand were among the main drivers of the sales growth, according to Wadhawan.
According to data from PropTiger.com, Ahmedabad’s year-over-year growth in housing sales is 31% higher, reaching 10,300 units from 7,880 units.
Sales in Bengaluru have registered a maximum growth of 60% to 12,590 units from 7,890 units.
Delhi-NCR saw a 44% increase in sales, from 5,430 to 7,800 units.
Hyderabad saw a 34% increase in sales from 10,570 units to 14,190 units.
Sales in Kolkata have increased by 43% to 36,10 units from 2,530 units.
Due to a higher base, sales in Mumbai have only slightly increased, from 28,800 units to 30.300 units.
Pune’s sales increased by 18% to 18,650 units from 15,700 units.
The only market to see a drop in sales was Chennai, where sales of 3,870 units fell from 4,420 units, a 12% decrease.
“The market is consolidating, with demand centered around reputable developers, which gives homebuyers renewed confidence, especially for projects still under construction. It was not the case a few years ago.”
31% of sales in the Q3 period occurred in the price range above Rs 1 crore, and 14% of units sold were ready to move into.
The chief of research for PropTiger.com, Housing.com, and Makaan.com, Ankita Sood, stated: “Despite global difficulties, Indian real estate markets are strengthening in all major cities. The 22% rise in property sales from July to September and the 17% year-over-year growth in new launches indicate that we are in the midst of a residential real estate upcycle. We predict the holiday season will result in further revenue, perhaps breaking previous year’s records.”
Regarding new supply, Ahmedabad grew the fastest, reaching 16,670 units, while other cities showed erratic trends. Even so, things remained positive overall, with 123,080 new units arriving– a 17% increase across the eight markets.
Terms like “Mend,” common in India’s progressive real estate scene, play a key role in resolving disputes over land boundaries. Using words like “Mend” encourages legal observance and clarity, which makes the real estate industry more efficient and less prone to disagreement.
The number of land disputes has increased significantly in India with the real estate sector’s significant advancements—one of the causes of these conflicts is unauthorized possessions in unclear field boundaries. However, using terminology like “Mend,” one can professionally handle these circumstances. This article explains the true meaning of Mend and its significance in helping prospective buyers and homeowners in India navigate the complex process of buying real estate.
What is meant by Mend?
“Mend” describes a method for restoring or repairing boundaries for real estate and construction. The boundaries of a property are by these lines, which often come from walls, fences, or other natural features.
In addition to repairing physical structures, mending these boundaries entails resolving any possible disputes over land ownership or use.
Mend the applicability of Indian Real Estate.
The idea of repairing field boundaries is crucial in the varied terrain of Indian real estate. It is necessary to mark property boundaries in light of the ongoing construction projects and increasing urbanization.
Resolving property disputes
One workable way to settle ownership disputes involving fields is to mend boundaries. Land is a valuable resource, and disagreements about property boundaries can be prevalent in densely populated areas. A methodical reconciliation procedure supported by legal clarity aids in resolving these conflicts.
Law observance
In Indian real estate law, strict adherence to property laws is essential. Field boundary rectification protects the interests of developers and property owners by ensuring compliance with legal requirements.
Conclusion
The idea of Mend–in particular, the concept of field boundaries– is essential to promoting sustainable and peaceful growth. It includes community cohesion, environmental responsibility, legal compliance, and physical repairs. Let us acknowledge its crucial role in forming India’s progressive real estate future.
When you make your last home loan installment payment and close your home loan account, you probably feel a dizzying mixture of relief and joy.
As they say, “Patience is sweet when it sprouts.” When you eventually obtain sole ownership of your home, the effort of applying for a loan, gathering all the necessary paperwork, making the down payment, and finally paying the EMIs will all have been worthwhile. As you prepare to celebrate your debt-free home ownership with a grand celebration, make sure you comprehend and finish all the requirements for closing your home loan account.
Your Closing Your Home Loan Account Checklist
Only when the lender makes the official declaration of account closure for a home loan is it considered closed? There are requirements to fulfill when settling your home loan account, so we have listed the things you should keep in mind.
Obtain Your Original Records
Any lender you apply to for a home loan retains all your original documentation; all that is left are their photocopies. Make sure you request the return of all original documentation from the bank when it comes time to close your loan. Additionally, you must confirm that every document you receive is in good condition. The following is a list of documents you might need to get from your lender:
Title deed
Sale deed
Authority to Act
Loan contract
Letter of possession
Receipts for payments, etc.
You must also notify your lender if the bank fails to send any submitted documents.
Obtain the “No Dues” Certificate (NDC).
An NDC, sometimes called a “No Objection” certificate or NOC, is a document you’ll need to obtain from your lender as soon as you pay your house loan in full. An NDC proves that you have paid the lender all interest and owe them nothing more. As a result, the lender is no longer in control of your property.
The NOC must include details like the customer’s name, property’s address, loan amount, loan account number, and date of starting and closing the loan account. Making photocopies of the NOC is also advised to facilitate future transactions with other lenders.
Get Your Property’s Lien Terminated
Put simply, a lien prevents you from selling your property and grants the bank rights over it until your debt reaches you in full. The banks place a lien on your property, allowing them to sell it to recoup the loan balance if you default on the payments.
Once you have paid off all of your EMIs and closed your home loan account, it is imperative to have the lien removed to enjoy full ownership of the property and the ease of a future sale. You and the lender’s agent must go to the registrar’s office to have the lien removed.
Obtain the Non-Encumbrance Certificate Update
You need to go to the Registrar’s Office and apply for a new Non-Encumbrance Certificate after you have paid off the entire loan balance and the lien has disappeared from your property. It is a legal document that includes thorough records of every financial transaction about the property.
Return the Security Cheques
If you have given the lender podcasted security checks, remember to retrieve them when your home loan account is closed.
Make Sure Your Credit Report Is Up to Date
To Get unsecured loans, you must have a credit score or higher. For this reason, ensure that your lender updates this information to the credit bureau after you make the final EMI payment on your home loan. You must follow up with the bank regularly until you see the updated credit score, which typically takes a month to appear in your credit history. Additionally, you need to get any incorrect information that your lender may have inadvertently reported fixed as soon as possible.
Monitor your loan repayments.
Get your loan history from the lender when your home loan pays off. It includes every significant payment you have made up to this point. Preserving a duplicate of the reimbursement account’s bank statements would be beneficial. The repayment history will be if you later disagree with the lender, credit bureau, or government agency.
Have your lawyer legally verify it.
Getting a legal clearance certificate from a trustworthy lawyer is advised. When your home loan account is closed, a clearance certificate will confirm that all outstanding taxes have been paid. Getting this certificate is not required, but it will help you if and when you decide to sell your property.
Now that you understand the considerations to make during and after the home loan closing. Let us take a quick look at the closing of home loans.
How to Close Your Account When Your Home Loan Is About to Expire
If the final installment and all outstanding debts have been paid off:
Send a letter to the bank requesting the return of the original documentation you provided when applying for the loan.
You must include any additional documents you require in your letter, such as copies of invoices, etc.
The bank will typically respond to you within seven business days.
The lender will return your original paperwork and provide them with a closure letter stating there isn’t a balance owed.
Additionally, the bank will give you an NOC stating that it is no longer entitled to your possessions.
You must go to the Registrar’s office with the NOC and the bank representative if the bank has placed a lien on your property to have it removed.
In addition, the bank will promptly return the title deeds if it has yet to put a lien on your property.
The Yamuna Expressway area is developing into a vibrant and promising real estate market, and investors need to take advantage of the opportunities in this cutting-edge environment. The area is undergoing a metamorphosis, and future projects and the prospect of rich returns make it a sought-after center for real estate development.
As the real estate market shifts, wise investors are paying attention to the advantageous opportunities the Yamuna Expressway location offers. The Yamuna Expressway corridor is a real estate investment hotspot because of its solid infrastructure and strategic location.
The wide range of prices offered by properties in the Yamuna Expressway real estate market satisfies the needs of buyers seeking both luxury and affordable properties. Several properties at Yamuna Expressway cater to the mid-segment of real estate buyers and are priced between Rs. 45 lakh and Rs. 90 lakh, while prices for the luxury segment soar to Rs. 2.25 crore. The region has seen over 63.9% growth in investments over the last five years, with some real estate projects seeing growth as high as 48% in a year. Due to the region’s strategic development initiatives, expanding economic clout, and rising real estate demand, investors are pouring money into this area in droves.
The key to this development is the soon-to-be Noida International Airport at Jewar, which will become the biggest airport in Asia. The region is a top option for individuals looking for exciting real estate opportunities because of the convergence of revolutionary developments and the vision of a prosperous future.
With its excellent connectivity and proximity to Delhi-NCR, the Yamuna Expressway is a prime location for real estate development and investment. Its well-planned location guarantees easy to major business centers, academic institutions, and medical facilities.
The Yamuna Expressway corridor offers a variety of investment opportunities for novice and experienced real estate investors, ranging from residential complexes to commercial spaces and industrial zones. World-class roads, transportation hubs, and smart city projects are a few of the ongoing infrastructure improvements that make the area more appealing to investors and give them hope for long-term growth and value appreciation.
The Yamuna Expressway is quickly becoming a center of the economy, drawing significant businesses and creating jobs. Residential, commercial, and industrial space demand has increased due to this economic growth, making real estate investment profitable.
The government’s proactive policies and incentives have further enhanced the Yamuna Expressway’s investment potential. It is a desirable location for individuals looking to make a safe and profitable investment because of the advantageous circumstances that investors can benefit from, such as tax advantages and expedited approval procedures. Even analysts anticipate that property appreciation will continue to trend positively in the upcoming years. The Yamuna Expressway will likely yield significant returns on real estate investments for investors as economic activity and infrastructure develop.
Ace Group, a reputable real estate brand, is poised to significantly impact the crucial development of the Yamuna Expressway corridor with its much-awaited upcoming project. The Ace Group was founded in 2010 and has had an incredible history of success ever since. Since its inception, Ace Group has built on a foundation of accomplishments and has completed projects totaling over 15 million square feet, including the massive 50-acre Ace Palm Floors Township. The Ace Group is working on projects totaling approximately 17 million square feet, including joint ventures. Residential projects like Ace Platinum, Ace City, Ace Aspire, Ace Golfshire, Ace Divino, Ace Parkway, and Ace Palm Floors are among their varied portfolio highlights, and they all received positive feedback from delighted clients. With projects like City Square, Ace Studio, Ace Capitol, and Ace Medley Avenue, Ace Group has made a lasting impression in the commercial sector. Ace Group, a prominent real estate company, is about to make an impressive move into the Yamuna Expressway corridor, reshaping the surrounding area.
Ace Group, a reputable company known for its timely and high-quality project delivery, presents its next project on the Yamuna Expressway as an alluring prospect for investors and end users. This new project, which marks a new chapter in the dynamic evolution of the Yamuna Expressway corridor, embodies Ace Group’s dedication to excellence with an eye toward the region’s ongoing transformation and the possibility of planned infrastructure enhancements.
The Uttar Pradesh Awas Vikas, also known as UP Awas Vikas, is reportedly giving a significant discount on the apartments available under its housing schemes. Under several schemes, UP Awas Vikas is offering a massive 20-25% discount on its available apartments.
The deadline for applying for the discounted apartments is Dec 15, 2023. The deadline for selecting the applicants is Dec 30, 2023. The successful applicants must deposit the charges within 60 days of the chosen day for UP Awas Vikas to expedite quick possession. The successful applicants will not be eligible for the discounts if they do not deposit the entire amount within the allotted time. Just 780 of the 2304 apartments constructed under the Housing Development and Counsil’s Jagriti Vihar Extension Scheme have sold thus far. There are now 1524 empty apartments. The council is offering these for 20 to 25 percent less than their initial cost.
Five different types of apartments are unoccupied.
There are five types of unoccupied apartments in the plan. It includes apartments with 32, 57, 64, 100, and 127 square meters included in the scheme. The price range for 32 square meters is between Rs. 8.59 and Rs. 11.11 lakh; for 57 square meters, it is between Rs. 22.16 and 26.92 lakh; and for 100 square meters, it is between Rs. 40.18 lakh and Rs. 40.87 lakh.
UP Housing Board, or UP Awas Vikas
The government agency known as UP Awas Vikas, or the UP Housing and Development Board, is pushing the development of affordable housing in Uttar Pradesh. The goal of UP Awas Vikas is to give the economically disadvantaged (EWS), middle-class (MIG), and low-income (LIG) segments of society sustainable homes furnished with contemporary conveniences.
The UP Awas Vikas, or UP Housing and Development Board, is involved in the planning and state-of-the-art housing societies across Uttar Pradesh. It endeavors to develop ventures of excellence at strategic locations in UP.
Online Services UP Awas Vikas
The UP Housing and Development Board, also known as UP Awas Vikas, was founded to streamline housing-related services. UP Awas Vikas provides the following services.
One-Time Payment Plans
Online Flat, Villa, and Plot Registration
Online Auction Services
View the Ledger and Process Payments Online
Produce an E Challan
Reservations for Community Centers Online
Janhit Assurance Providers
OB Passbook feedback
Citizens can also access public notices about land rates, notices about land acquisition, information about guest house reservations, land auctions, and notices about architects and planning in addition to these services.
How can I determine which UP Awas Vikas housing schemes are currently active?
Citizens can check the current housing schemes under the UP Housing and Development Board by utilizing the UP Awas Vikas or UP Housing and Development Board. To find out more about the present housing schemes, take the following actions:
Visit the website of UP Awas Vikas.
Select the option labeled “Click to buy flats.”
It will show data about a list of housing projects that are currently underway.
You will be able to apply for the scheme if it is open.
How can I access the online details of available properties on UP Awas Vikas?
A user can view the details of available properties online by visiting the UP Awas Vikas website. To search for available properties on the internet, take the following actions:
Visit the UP Awas Vikas website.
Click on the Details of the vacant property on the homepage.
A new webpage will open for you.
Using the drop-down list, choose the district.
Choose the flat type and Scheme on the following page.
Press the “Search” button.
The computer screen will show the specifics of the unoccupied properties.
How can I access UP Awas Vikas ledger and pay?
The user can view the ledger and online payment details on the UP Housing and Development Board website, UP Awas Vikas. To search for available properties on the internet, take the following actions:
Visit the UP Awas Vikas website.
Click the “View Ledger and Online Payment” link on the homepage.
Should UPAVP assign you a property, click the register button to finish the one-time registration process.
Click the login button if you have already registered.
Send in the information like:
Type of Property
Name of District
Name of Scheme
Name of Sub-scheme
Name of Property or Form
Name Allottee
Phone number
The email address
Check your email and mobile number.
Examine the online payment information.
How can I apply for an online approval of a building plan in Uttar Pradesh?
The days of running from department to department and pillar to post to get their building plans approved are long gone. An online application for building plan approval is made available by the UP Awas Vikas. On the UP Awas Vikas website, one can apply online for building plan approval by following the instructions.
Visit the UP Awas Vikas official website.
Select the UPOBAPS Online Map Approval option from the homepage.
If you have registered, sign in using your password and username.
Register yourself if you have not already, then use your username and password to log in.
Applying for online building plan approval requires the completion of the following checklist:
Calculation Sheet for the Total Estimate
Recognize Your Approval
Site Assessment Checklist
Checklist for documents
You may submit an online request for building plan authorization once you have the form and upload the required files.
How Can I Use UP Awas Vikas’ Property E-auction Services?
Across the state, the UP Awas Vikas is responsible for organizing the auction of various residential and non-residential properties. To use the UP Awas Vikas E-auction services, use the following actions:
Step 4: The UP government’s auctions are categorized as follows: Live, Closed, Cancelled, and All.
Step 5: The list of active auctions will appear when you click the “live” button. The auction details include the venue, the time, the beginning, the middle, the end, the announcement of the event, and the auction document. The amount of item-by-tem EMD deposit is also visible.
Step 6: Press the “Submit” button.
Step 7: Submit your bid for the desired property by uploading the necessary supporting documentation in the following step.
Note that the bidder may only apply online within the designated application window period.
How do I make an online reservation for a community center on the UP Awas Vikas website?
The UP Awas Vikas, formerly the UP Housing and Development Board, also facilitates online reservations for community centers. To reserve a community center online, take the following actions:
Visit the UP Awas Vikas website.
Select “Online booking of community centers” from the homepage.
Choose information such as the name of the district, the type of facility, the location, and the duration on the newly opened page.
Select the “Show Availability” option.
A page displaying availability is displayed next.
Click the “book now” button if the center is open on the specified dates.
Enter the following information on the page: name, branch, IFSC code, ID type, ID proof number, email address, mobile number, state, city, pin code, purpose of booking, discount category, and bank account number.
Upload the applicant’s soft copy of their proof of identity.
Press the “Submit” button. We will apply.
Conclusion
In conclusion, the UP Housing and Development Board, also known as UP Awas Vikas, is a state government organization that supports the creation of affordable housing in the province of Uttar Pradesh. UP Awas Vikas to give LIG, EWS, and MIG income groups of society sustainable homes with contemporary conveniences.
Property owners in Ghaziabad can feel more secure about their rental property by using tenant verification services. The investigating authority looks into any criminal history or illegal activity. Tenant verification has grown in significance in light of the rising crime rate. For both landlords and tenants, the process has become simpler with the advent of online tenant verification.
Verifying tenants gives landlords and property owners additional security. It protects your property from illicit, immoral, or forbidden activity.
Tenant verification is vital in Ghaziabad.
Tenant verification is necessary for several reasons before renting your property to strangers. It helps to verify the following:
Background checks: Before renting out a tenant’s property. Landlords should investigate the tenant’s past. They can avoid renting their property to criminals by studying the tenant’s past. If a criminal inadvertently rented your property, they might use it to commit or cover up crimes.
Decrease illicit activity: Tenants know their information is in the local police database. As a result, the likelihood of the tenants engaging in any illegal activity decreases. They are also not permitted to seize or take possession of the rental property.
Property safety: It prevents property from falling into the wrong hands. Because the tenant knows they could face a police complaint at any time if they cause damage, Tenant Police Verification Ghaziabad helps prevent harm to the property. The tenants might feel more socially obligated to pay the rent on time following tenant verification.
Track Identifications: Police verify tenants’ identities using prior addresses. Understanding the nationality of the tenants is beneficial. The landlords can determine whether the occupants of their property are from India or another country.
Ghaziabad’s online tenant verification procedure
The applicant must adhere to the following steps to apply for online tenant verification in Ghaziabad:
Create an account on the Ghaziabad Citizen Services website to register.
Entering the necessary data into the application by choosing “Personal Information” and “Addresses” is crucial.
Upload all files in the following formats: jpeg, doc, docx, pdf, txt, or gif.
Remember to double-check all filled-out details before submitting. Do corrections if required. It is important to remember that you cannot modify submitted forms.
After submitting, use any payment method- credit, debit, or net banking- to pay the processing fee.
Once tenant verification has finished, the police will draft a report, which they will email to you.
By clicking Application Status on the same website, you can check the status of your application.
The email address and registered mobile number will receive the generated report.
Procedure for Police Verification Offline
You must take the following actions if you want to use offline tenant verification:
Go to the Ghaziabad police station that oversees the area where your property lies.
Bring all necessary documentation, including proof of address and identification (passport, Aadhar card, etc.)
Bring a form for tenant verification to the designated police station.
Take the time to review the instructions and fill out all the necessary information.
Fill out the form and bring it to the police station along with the necessary paperwork.
Make the process payment of Rs. 50.
Documents required in Ghaziabad to verify tenants
You must submit an application for online tenant verification along with a few crucial documents.
It is necessary to provide identification of the property owner and tenant, such as a voter card, Aadhar card, driver’s license, passport, ration card, or PAN card.
For the owner and tenant to be able to sign the verification form, passport-size photos of them are needed.
A copy of the tenant’s and owner’s bills, including the electricity bill, can be attached to the form to confirm the tenant’s address and guarantee no unpaid balances before they rent the property.
The owner must produce ownership documentation before the property is available for rental.
A rent agreement is necessary to prevent tenants from acquiring the property. The landlord must draft a rental agreement. A copy of the lease is needed for tenant verification in Ghaziabad, whether online or offline.
Final Thoughts on Ghaziabad Tenant Verification
Tenant verification is now crucial and mandated by law in most cities. Both tenants and landlords can take a few steps to streamline the process. To avoid problems, tenants should give the police and property owners accurate information. Tenant verification in Ghaziabad has gotten a lot easier with the online process. To prevent problems later, landlords should ensure that the verification is correct.
According to a report released today by real estate firm CBRE, sales of luxury houses valued at Rs 4 crore and above rose 97% over the previous year in the seven major Indian cities between January and September 2023.
The report states that Hyderabad, Mumbai, and Delhi-NCR account for 90% of all sales of luxury homes. 13% came from Hyderabad, 35% from Mumbai, and 37% from Delhi-NCR. Pune is responsible for the final 4%.
The desire for higher living standards, a strong economy, rising disposable incomes, and a shortage of luxury homes in large cities all contributed to an uptick in luxury home sales.
According to CBRE, there will likely be additional growth in the sales of luxury homes from the October through the December holiday season. The company anticipates a rise in people purchasing luxury homes for the first time in the October-December quarter.
“A growing Indian economy and rising aspirations are the causes of this spike. Aside from the post-pandemic need for larger spaces, some of the reasons for this surge in luxury home sales are incentives by developers.
According to the CBRE report, there will be a spike in residential sales and new launches in the premium and luxury housing segment due to economic growth, advantageous regulatory measures, and changing lifestyle preferences. It could result in residential sales reaching a 10-year high in 2023.
It further claimed that as buyers look for larger living spaces following the pandemic, developers’ incentives and the introduction of smart home technology are driving the surge in sales of luxury houses.
According to CBRE, this increases the rising demand for luxury properties among high-net-worth individuals (HNIs) and non-resident Indians (NRIs) looking for safe and lucrative investment opportunities.
These patterns imply that the Indian real estate market is seeing the growing importance of luxury residences.
SEBI’s decision to encourage investments in Small and Medium REITs (SM REITs). The REITs (Real Estate Investment Trusts) Regulations, 2014, were amended yesterday by the SEBI board. These amendments aim to establish a regulatory framework that will facilitate the establishment of SM REITs, which will have an asset value of at least Rs 50 crore as opposed to the existing REITs’ minimum asset value of Rs 500 crore. The decision received approval at the Securities and Exchange Board of India (SEBI) meeting in Mumbai.
Experts in the industry welcomed Sebi’s decision to regulate fractional ownership of real estate. “We applaud SEBI’s progressive move in regulating the fractional ownership framework with the amendments to the REIT Regulations,” stated Aryaman Vir, CEO of WiseX, “as the pioneers of the Fractional Ownership model and neo-realty investments in India.”
The Small and Medium Real Estate Investment Trusts (REITs) aim to significantly expand the market so that more retail investors can own a fractional interest in REIT units, according to Madhabi Puri Buch, the Chairperson of the Sevi. She added that the regulator is willing to consider developing more goods of this kind.
The CEO of WiseX praised SEBI for recognizing the expanding trend of fractional ownership platforms and expanding regulatory oversight.
“We think it will guarantee investor protection, standard disclosure procedures, and a strong redressal mechanism in addition to stimulating investor interest in the real estate sector,” he continued.
Vir went on, “In addition, investors looking for more accessible entry points into real estate ownership will have exciting opportunities thanks to the lowered minimum asset value of Rs 50 crore for small and medium REITs. SM REITs’ ability to establish distinct schemes enhances the flexibility and inventiveness of real estate portfolio structuring. We anticipate that these regulatory changes will positively impact the ecosystem of fractional ownership, encouraging greater diversity and inclusivity in real estate investments.”
Are you trying to find a project in Gurgaon where convenience and luxury coexist? Visit the brand-new housing community, Smart World Edition, in Sector 66, Gurgaon. Here, you can enjoy quick access to Golf Course Extension Road and rejuvenate your living space with a private jacuzzi deck. Continue reading to learn about the costs, project overview, and payment schedule for Smart World The Edition.
Due to the many benefits of Sector 66’s location, property values there have increased dramatically over the last few years. This sector benefits from excellent connectivity and convenient access to social and retail amenities due to its proximity to Golf Course Extension Road. The demand for real estate in the sector has been rising over the past few years due to several infrastructure developments.
In Sector 66, Gurgaon, several well-known developers have launched residential projects after considering these variables. Smart World Developer’s Edition is one of the most recent additions to the list. By February 2031, the work should have concluded. See the sections below for important project details, including cost, features, floor plan, and neighborhood highlights.
The Edition of Smart World: Project Synopsis
With 956 apartments total, Smart World The Edition is a luxury housing community located in Sector 66 Gurgaon. It sits on an 11-acre plot of land. Three twin towers, each with 42 floors, comprise the society. Starting at Rs 5 crore, the project offers 3 BHK and 4 BHK apartment options. The registration number of the RERA-registered housing society Smart World Edition is GGM/756/488/2023/100.
You can examine the features that make Smart World Edition a desirable choice for end users below.
USPs of Smart World The Edition
Lobby with high ceilings, marble flooring, and chandeliers.
Personal jacuzzi Terrace
Rooftop infinity pool
A club with amenities like a movie lounge and a celebration hall.
Two master suites in luxurious homes
Floor plans and prices for The Smart World Edition
A three-bedroom apartment in Smart World The Edition starts at about Rs 5 crore. On the other hand, the 4 BHK options come with a starting price of Rs 6 crore. These apartments have carpet areas that range from 1600 to 1900 square feet.
Smart World The Edition’s price details
Setups
Highly Congested Area
Beginning Cost
3 BHK
2945 sq ft
Rs 5.74 crore
3 BHK
3005 sq ft
Rs 5.85 crore
3 BHK
3035 sq ft
Rs 5.91 crore
4 BHK
3505 sq ft
Rs 6.83 crore
4 BHK
3660 sq ft
Rs 7.13 crore
The Amenities Edition of Smart World
The movie lounge, rooftop infinity pool, beach park, and business lounge are vital features that elevate Smart World The Edition’s premium character. In addition, the table below allows you to view additional project amenities:
The Edition of Amenities in Smart World
Interior Features
Exterior Features
Squash Court
Tennis Court
Celebration Hall
Jogging Track
Badminton Court
Basketball Court
Sports Bar
Skate Park
Party Hall
Outdoor Gym
Indoor Gym
Yoga Poda
Private Theatre
Kids Play Area
Although Smart World The Edition is a residential project with many must-see amenities, let us
investigate its location. Examining the property in detail will give potential buyers the assurance they need to make a wise choice.
Gurgaon’s Sector 66: Local Highlights
Gurgaon’s Sector 66, located along Golf Course Extension Road, is one of the well-connected sectors. Within a six-kilometer radius, business hubs like JMD Megapolis, AIPL Joy Central, M3M Cosmopolitan, and Vipul Trade Center are easily accessible from this location. Therefore, proximity to corporate hubs makes it a preferred end-user hub. The following represents
the distance between Smart World The Edition in Sector 66, Gurgaon, and important Gurgaon connectivity spots:
Two important routes that provide easy access to Sector 66, Gurgaon, are Sohna-Gurgaon Road and Southern Peripheral Road.
Just eight kilometers away from NH-48, which provides drivers heading to Delhi with a satisfying commute.
The distance to Indira Gandhi International Airport via NH-48 is roughly 25 km.
Gurgaon Railway Station, roughly 12 km away and located on the Delhi-Jaipur Line, is the closest train station to Sector 66, Gurgaon
Gurgaon’s Sector 66: Social facilities
The advantage of Sector 66, Gurgaon, is its strategic proximity to Golf Course Extension Road, which facilitates residents’ easy access to social amenities. The schools, medical facilities, and retail establishments close to Smart World The Edition in Sector 66 Gurgaon are as follows:
Around Smart World The Edition, social amenities
Schooling, (within 2-3 km)
Hospitals, (2-6 km away)
Mall, (2-5 km away)
The DPS International Edge School
Ekta Hospital
Omaxe Celebration Mall
Alpine Convent School
Park Medical Center
City Center Omaxe
Bharti Shiksha Public School
CK Birla Hospital
Sapphire Mall
Ashoka International School
Motherhood Hospital
WorldMark Gurgaon
VIBGYOR High School
Marengo Asia Hospital
Airia Mall
Gurgaon’s Sector 66: Price Trends
Sector 66 is one of Gurgaon’s most prestigious residential neighborhoods; it starts with 3 BHK apartments and progresses to standalone houses or villas. In Sector 66, Gurgaon, the average cost of a property is Rs 14,750 per square foot. While 3 BHK apartments are the most popular unit type in the area, 4 BHK apartments are also in good supply. The average growth in sector property rates over the previous five years appears in the following table:
Property Appreciation in Gurgaon’s Sector 66
Present Value
The last year’s
Past three years
Past five years
Rs 14,750 per sq ft
32%
68%
69%
Gurgaon’s Sector 66: Potential for Investment
As a result of the planned infrastructure upgrades, Sector 66 in Gurgaon is one of the most well-liked areas for investments. These initiatives would significantly raise property values and improve the sector’s liveability index. Some other developments that are either planned or currently under construction are as follows:
A 2 km distance would connect Sector-66 Gurgaon to the Rapid Metro Line’s Vatika Chowk Station.
Plans to rehabilitate the Southern Peripheral Road with flyovers to reduce traffic and facilitate travel to Sector-66 Gurgaon.
Reduce travel time to Faridabad by being close to Vatika Chowk Station on the future Gurgaon-Faridabad Metro Line
It is reasonable to assume that the real estate price trend in Sector 66, Gurgaon, will continue to rise for at least the next few years due to the projected expansion of infrastructure. Social infrastructure and connectivity are the other potential developments that will benefit the industry. As a result, making investments in the area could eventually help you get returns.
In light of this, a customer may want to look into Smart World The Edition for end-use and investment purposes. Nonetheless, it is always a good idea to make several site visits to stay informed about how a project is developing.
The JW Marriott Marquis Hotel in Business Bay, Dubai, hosted the 4th Edition of the Indian Real Estate Show (IRES) 2023, which took place over two days on November 25 and 26 and included investments in Khaleej Times & Realty + and powered by VTP Realty. The event included a conference and exhibition showcasing Indian real estate’s profitable investment potential.
Leading Indian real estate developers, including Birla Estates, Balaji Technocity, Hero Realty, VTP Realty, Godrej Properties, Tata Realty, and Provident Housing, were there at the exhibition.
Majid Al Marri, CEO of the Dubai Land Department’s Real Estate Registration Sector, officially opened the UAE-India Real Estate Show 2023.
The partnership between two prominent media groups in the UAE and India, plus its contribution to the real estate industry of both countries, was highlighted in Michael Jabri-Pickett’s welcome address as Editor-in-Chief of Khaleej Times.
During his keynote address, Satish Kumar Sivan, the Indian Consul General to Dubai and the Northern Emirates, stressed the importance of the government of the United Arab Emirates and India working together to promote economic opportunities and support each other. “Real estate is one of the main drivers of the economics of India and the United Arab Emirates, and events like these can encourage cooperation between policymakers and decision-makers while increasing public awareness,” he said.
India Club, UAE Taxation Society, Gulf Maharashtra Association, Institute of Chartered Accounts-Dubai, All Kerala Colleges Alumni Forum, Jain International Trade Organization (JITO), IBPC-Business Group, and Rajasthani Business all supported the event. The community members gave the organization the most traction.
The event’s main draw was the awards given to notable Indian real estate leaders. Michael Jabri-Pickett, Editor-in-Chief of Khaleej Times; Majid Al Marri, CEO of the Real Estate Registration Sector, Dubai Land Department; and Satish Kumar Sivan, Consul General of India to Dubai and the Northern Emirates, presented the awards.
The following recipients of the Iconic Leaders of Indian Realty Awards from IRES 2023:
Sankey Prasad- Global Indian Icon of the Year
Sachin Bhandari- Visionary Business Leader of the Year
Pradeep Agarwal- Affordable Housing Leader of the Year
Dharmesh Shah- Innovative Real-estate Entrepreneur of the Year
Discussions on knowledge-sharing took place during the concurrent conference at IRES.
The speakers, Sachin Bhandari, ED and CEO of VTP Realty, and Shajai Jacob, MD& Country Head- Apna Complex & Anacity, Anarock Group, discussed the prospects and potential of real estate investments with Sapna Srivastava, Editor Realty. They also discussed the advantages of different real estate classes in India for foreign buyers and investors, the issues that need addressing for post-sales services to NRIs, and the various factors to consider when investing in India.
According to a report released on Thursday, India requires 2 billion square feet of healthcare space to accommodate its 1.42 billion-person population. As required by the World Health Organization (WHO), India currently has less than two million beds.
The Global Healthcare Report from real estate consulting firms Knight Frank and Berkadia states that India has 1,3 beds per 1,000 people, including public and private facilities. The WHO says that it ought to be three per 1,000.
It is substantially less than 13 in Japan, 4.3 in China, 2.9 in the USA, and 2.5 in the UK.
Considering how quickly the Indian healthcare market is expanding, this gap is critical. The Indian healthcare market will probably be worth $ 372 billion in 2022, a substantial increase from $73 billion in 2012.
Moreover, the industry’s size is expanding at a rapid rate due to two factors. First, the World Bank reports that India’s population growth (1.42 billion) exceeds that of China (1.41 billion). However, the official figures are uncertain because the Centre has yet to undertake the Census exercise first scheduled for 2021.
Secondly, India is one of the most popular medical tourism destinations, making further investment in this field necessary.
Between 2014 and 2019, the number of foreign visitors with medical visas increased by 30% annually in the pre-pandemic years. Of 46 international travel destinations, India ranked tenth in the Medical Tourism Index (2020-21). In 2022, the Center also launched the “Heal in India” campaign to promote medical travel.
The report’s data indicates that India offers significantly cheaper medical procedure costs than its Asian counterparts. For instance, the cost of a coronary artery bypass is $ 17,200 in Singapore and $ 26,000 in South Korea. In India, it costs $7,900.
A different operation, replacing a heart valve, costs $39,900 in South Korea, $ 17,200 in Thailand and Turkey, $ 16,900 in Singapore, and $ 9,500 in India. In South Korea, knee and hip replacements cost $ 21,000, while in Thailand, the same procedure costs $ 17,000. It costs $ 7,200 in India.
Knight Frank India chairman and managing director Shishir Baijal stated, “To adequately meet the expanding healthcare requirements of the population, addressing this demand necessitates nearly doubling the current real estate capacity.”
“Healthcare is one of the main options for investors seeking long-term income-generating investments after the pandemic.”
The report states that the industry anticipates strong demand due to shifting global demographics.
“Despite a grim economic outlook, the global healthcare sector is still growing and is predicted to continue doing so. It coincides with the fast aging of the world’s population, which will continue to increase demand for elderly care beds, especially for full-time nursing care provided in specialized facilities,” the report stated.
Do you want to purchase or invest in land next to a vast 250-acre forest encircled by greenery? Godrej Sunrise Estate is Godrej Properties’ first-ever planned development project in Chennai. What makes this project so appealing as a purchase, and what makes it unique? Investigate its cost and geographic benefit to find out.
One of the most reputable brands in India’s real estate industry, Godrej Properties, introduced the project. Godrej Properties’ Sunrise Estate has a registration number of TN/01/Layout/3492/2023 with the Tamil Nadu Real Estate Regulatory Authority (TN RERA). Discover its USP, cost, features, Payment schedule, and other important information.
An overview of the Godrej Sunrise Estate project in Oragadam
About 1,000 residential plots are available in the 60-acre gated community of Godrej Sunrise Estate. The park and green areas occupy about six acres of the project area. The park and green areas occupy about six acres of the project area. Remarkably, 250 acres of Vattambakkam Reserve Forest encircle the project. It indicates plenty of greenery and a healthy environment for the residents to enjoy and unwind in.
Orgadam’s Godrej Sunrise Estate: Highlights of the project
Let us examine some of the main USPs of Godrej Sunrise Estate in Oragadam, Chennai:
Godrej Properties’ first-ever planned development in Chennai
The presence of four themed parks
The Vattambakkam Reserve Forest is nearby.
A 1.3-kilometer walking trail and an 800-meter bike path
Tucked away next to a calm lake and pond.
Oragadam’s Godrej Sunrise Estate: Project features
The facilities at Godrej Sunrise Estate were to meet the need for a contemporary, health-conscious lifestyle. The project’s four themed parks- Exploration Park, Cultural Park, Serene Park, and Healing Park- are some of its most notable features. The project’s clubhouse is about 12,000 square feet and has a (G+2) structure.
The following are some of the main amenities the project will provide:
Main Court
Arena of Campfires
Children’s Play Area
Camping Ground
Tot-Lot Section
Canine Park
A fitness center
Areas for Senior Citizens
Crossfit Hall
Ground for Multiple Activities
Versatile Play Area
Garden of Flowers
Tennis Court
Herbaceous Garden
A Cricket Box
Yoga Area
Garden of Aromas
Meditation Area
Orchard
Running Route
City Forest
Cycle Route
Gathering Court
Acupressure Route
Pool for Swimming
Details about the price range and plot size of Godrej Sunrise Estate in Oragadam
The developer at Godrej Sunrise Estate is offering plots ranging in size from 600 square feet to 2400 square feet. The price of the land varies from about Rs 18 lakh to Rs 65 lakh. A seven percent stamp duty and registration fees based on the value of the land are among the state taxes that apply to the plots.
600 sq ft – Rs 17.99 lakh
1500 sq ft – Rs 44.99 lakh
1800 sq ft – Rs 49.99 lakh
2200 sq ft – Rs 54.99 lakh
2400 sq ft – Rs 64.99 lakh
An Overview of Godrej Sunrise Estate in Oragadam
Several important topics were discussed in the earlier sections of Godrej Sunrise Estate, including cost, financing options, and facilities. It is time to learn more about Oragadam, the project’s location, and its potential for future developments in terms of social amenities, connectivity, and price trends. Finding out more about these crucial elements will aid in estimating the potential return on investment for the project.
Connectivity around Godrej Sunrise Estate in Oragadam, Chennai
Oragadam, a burgeoning micro market in West Chennai, is a well-known industrial center that houses auto companies’ manufacturing facilities. Excellent road and motorway networks guarantee easy mobility between Oragadam and other city areas. The following shows how far Godrej Sunrise Estate in Oragadam is from landmarks:
Oragadam’s proximity to SH-48 and SH-57 improves its connectivity to the rest of the city.
The main routes that lead to passing close by are Perumalpattuu-Kottamedu Road and Tambaram-Mudichur-Oragadam Road.
The Chennai-Nagapattinam Highway takes about 37 km to get to the project site from the Chennai International Airport.
The KAI Commuter Yogyakarta Line’s Padur Station, which is about 10 kilometers away, is the closest train station.
Let us now examine the social amenities that make this neighborhood a great place for locals to live.
Chennai’s Oragadam: Social facilities
Schools and hospitals, among other vital social amenities, are close to Oragadam, Chennai.
Thriveni Academy Sr. Sec. School- PSP Medical College – Kummavakkam Lake
Government High School- Parvathy Hospital- Sri Agatheeswarar Temple
Chennai’s Oragadam: Cost trends over the previous five years
About 60% of the total residential inventory in Oragadam, an affordable suburb of Chennai West, consists of residential plots. Conversely, with inventory making up about 23% of the total, residential apartments are the second most desired property type. Plots in Oragadam typically cost Rs 1,500 per square foot. Over the previous five years, prices in the area have increased by roughly 20%.
Chennai’s Oragadam: Potential for Investment
In and around Orgadam, several significant infrastructure projects are in the works. We expect these to raise the area’s connectivity quotient. Here are some significant advancements that are either planned or in the process of being built:
The Sriperumbudur connector point (20 km away) will be part of the Chennai-Bangalore Expressway, which is currently under construction. Following the completion of the expressway, commuters ought to have improved intercity connectivity.
Singaperumalkoil, which is 19 km away, will be crossed by the future Chennai Peripheral Ring Road, which will be advantageous to the locals in terms of connectivity.
Because of the proposed medical devices park in Oragadam, employment opportunities in the area should improve.
Property values in Oragadam will continue to increase in the upcoming years because of these building projects. Therefore, given the current circumstances, it seems worth investing in Godrej Sunrise Estate. Before acting, an investor should, nevertheless, constantly monitor the project’s development and consider the advice of a real estate consultant regarding the marketing’s economics.
Envision a cutting-edge structure, prefabricated and prepared for on-site assembly. You see that kind of construction technique only sometimes! Pre-engineered buildings, or PEB structures, are all the rage due to the rising demand for creative yet affordable construction! However, what are its benefits, and how can pre-structured be designed and built? Let’s find out!
A customized building can be an intriguing idea in a world where customization is essential to everything! Nevertheless, the method and schedule depart from conventional building practices. This article examines pre-engineered buildings and covers their design approach, uses, benefits, and drawbacks. Let us begin with a fundamental explanation of a PEB structure.
What is a PEB structure in the building industry?
Pre-engineered buildings, or PEBs, are constructed using a contemporary technique utilizing building components designed and prefabricated in a factory. These parts or components use bolted connections after being transported to the construction site. Additionally, these have a variety of uses, including commercial buildings, factories, and warehouses.
What are a PEB structure’s benefits and drawbacks?
Similar to any innovative concept, the PEB structure has pros and cons. The table below compares the two to help you better understand this concept.
Advantages
PEB structures lower labor costs and material waste through consistent layouts and efficient manufacturing techniques, which reduces overall costs.
Rapid on-site assembly can cut projects in half using standardized parts and advanced manufacturing techniques.
PEB structures are known for their remarkable structural strength and ability to support large weights and seismic activity.
PEB structures are a good value for long-term ownership because they require fewer repairs than traditional buildings.
PEB structures use recyclable materials and reduce construction waste to promote environmental responsibility.
Disadvantages
In contrast to traditional models, PEB structures have less customization because they evolved using standardized modules.
Although PEB structures aim to be durable, exposure to harsh weather conditions and a lack of maintenance can shorten their lifespan.
The limitations of the structural system may result in height restrictions for PEB structures.
Due to their unique height restrictions, PEB structures might not be appropriate for large open areas or buildings with expansive columns.
PEB structures may have fewer insulation options than conventional building techniques. It could reduce thermal comfort and offset the energy-saving advantage in colder climates.
Which are a PEB structure’s principal building blocks?
A pre-engineered building’s components consist of:
Primary frame
It acts as the framework for the PEB structure and includes stiff steel beams, rafters, and columns for structural support. These parts are often composed of premium steel to support large loads.
Auxiliary participants
Secondary members are details attached to the main frame to provide the walls and roof extra rigidity. These consist of girts, eaves struts, and purlins. Girts are affixed vertically to the walls, while purlins are positioned horizontally along the roof. Eave struts preserve the building’s structural integrity by joining the roof to the walls.
Wall and roof panels
To weatherproof a PEB structure, panels for the roof and walls are necessary. These panels are made from premium steel sheets and have multiple layers of protection to prevent corrosion. Because the panels come in various thicknesses, they are economical and efficient.
Add-ons
Besides enhancing their looks, PEB structures also come with various accessories. These may include doors, windows, ventilators, gutters, and downspouts. Gutter and downspout systems help avoid flooding, control rainfall and prevent logs from entering the building.
What are a few uses for PEB structures?
PEB structures are prevalent in a variety of sectors, including
Industrial buildings include factories, warehouses, workshops, and storage facilities.
Commercial structures include supermarkets, retail centers, office buildings, and showrooms.
Institutional buildings include community centers, hospitals, colleges, and schools.
Stadiums, exhibition halls, and sports complexes are examples of recreational buildings.
In short, pre-engineered buildings, or PEB structures, present a fresh perspective on the construction of buildings. Commercial builders can anticipate significant traction in their upcoming projects thanks to benefits like cost-effectiveness and quicker delivery schedules! When determining their practical application, suitability, and shelf life constraints.
The rise of luxury living has been the primary driver of a significant evolution in India’s real estate market. This shift reflects evolving consumer preferences, rising disposable incomes, and a growing desire for high-end lifestyles. In India, modern luxury developments prioritize environmental sustainability while providing wellness amenities such as organic gardens, yoga centers, and spas. Furthermore, elite localities are now the go-to for luxury home seekers. Gurgaon, for example, has become a popular destination for buyers looking to purchase luxury real estate because of its first-rate amenities, excellent standard of living, and proximity to business centers, upscale retail centers, and premier entertainment venues.
Luxurious living: A fusion of contemporary conveniences and sustainable methods
In today’s Indian real estate market, luxurious living is defined by more than just sumptuous furnishings and first-rate facilities. It includes an increasing focus on implementing sustainable practices such as solar energy, sewage treatment plants, rainwater harvesting systems, and intelligent lighting systems. These methods improve inhabitants’ quality of life and modern conveniences while improving the environment. This evolution reflects people’s increasing awareness of energy conservation, the environment, and their desire for high-quality living.
Aside from this, modern technology integration is an attribute that distinguishes high-end residences with features like sophisticated climate control and intelligent security systems. These homes are automation systems-equipped smart homes, which are becoming the standard.
Examining the trends in the luxury real estate market in more detail
India’s luxury home market is expanding in a promising way. One clear trend illustrating the increasing importance of luxury living is the increased demand for lavish homes.
Growing affluence and urbanization
The country’s expanding middle and upper classes are the primary drivers of the demand for luxury real estate. As a result of rising incomes and urbanization, an elite class of buyers seeking homes with numerous features has developed. This shift in population has increased demand for roomy, luxurious apartments and villas with first-rate features and interior designs.
Shifting needs of the buyer
Developers are complying with the demand of luxury home buyers for customized offerings. Custom features that meet the needs of specific clients are becoming a hallmark of the luxury market. With a growing preference for features like personal pools, gyms, spas, and smart home automation, modern buyers seek a holistic lifestyle experience.
Attention to NRIs and global investments
The premium housing market has benefited from foreign investment and Non-Resident Indian (NRI) interests. Premier residential zones have developed due to these investments, sometimes with the collaboration of global real estate titans.
Due to upscale infrastructure developments, non-resident Indians (NRIs) are now selecting luxury homes in India to achieve substantial returns and luxurious stays during trips home.
Upgrades to the infrastructure and connectivity
Modern transportation systems, such as highways, international airports, and metros, have made formerly inaccessible places more appealing. With these new locations, luxury developers now have the opportunity to create distinctive communities.
Enhanced real estate laws
The RERA law shows real estate transparency has helped restore buyer confidence. Because it fosters market trust, luxury buyers especially appreciate this transparent approach.
A steady economy and favorable investment opportunities
India views luxury real estate as a reliable investment prospect for homes. Properties of this kind exhibit resilience to fluctuations in the market, guaranteeing future growth prospects. There is a greater demand for luxury real estate due to the stable Indian economy and this investment opportunity.
Conclusion
India’s luxury lifestyle trend points to a promising future. International developers and investors are increasingly interested in India’s luxury real estate market. The trend will continue even more as foreign luxury brands enter the market. Homebuyers will flock to luxury living as the Indian real estate market develops. The confluence of urbanization, economic progress, and changing consumer demands guarantees that the luxury real estate market offers buyers, developers, and investors.
Since January of last year, real estate developers have paid nearly Rs 5,000 crore to acquire 1,461 acres of land in Tier 2 and 3 cities to grow their enterprises, according to JLL India.
According to JLL India, since January last year, real estate developers have paid approximately Rs 5,000 crore to acquire 1,461 acres of land in Tier 2 and 3 cities to grow their enterprises. Most of the land bought in these cities will go toward planned development.
Between January 2022 and October 2023, real estate developers in the nation purchased about 3,294 acres of land, according to a statement from real estate consultant JLL India.
JLL data indicates 17 land deals totaling 1,461 acres in Tier 2 and 3 cities between January 2022 and October 2023. Approximately Rs 4,918 crore was the total value of these land deals.
According to the consultant, well-known real estate developers enter new markets by relocating to Tier 2 and 3 cities nationwide.
Developers are making their way into northern cities such as Panipat, Sonipat, Kurukshetra, Panchkula, Lucknow, Jaipur, and Ludhiana, while national players are in western cities like Nagpur, Khalapur, Surat, and Palghar.
JLL stated that approximately 92% of the 1,339 acres of land acquired in Tier 11 and 111 cities are for planned residential developments, which include townships, group housing, and plots.
In these cities, developers typically focus on low-rise and plotted developments because the residents are used to living in these arrangements. In actuality, 1,015 acres worth of land valued at more than Rs 3,163 crore have been reserved and set aside for planned developments, according to JLL.
The post-pandemic surge in mobility and leisure travel has led to an increasing mainstreaming of India’s fractional ownership. Furthermore, although economies like the US, UK, and China—all of which have sizable populations of the world’s wealthy- have seen a sizable market for fractional ownership, the Indian market was small until recently. That, however, is changing fast.
Fractional possession enables people to invest in pricey assets like real estate, private planes, yachts, etc. Splitting their ownership costs into more affordable shares has caused a shift in the domestic luxury market in recent years. Another name for it is co-ownership, which enables several investors to profit from increases in an asset’s market value and rental income.
Through platforms for fractional ownership, a substantial amount of investments made in this model are finding their way into the residential and commercial real estate markets. Through these business ventures, high-net-worth investors can access assets typically owned by more affluent peers. The hassle-free model helps owners overcome the drawbacks of sole ownership, which is hampered by costly outlays, lack of transparency, and management issues. Additionally, professionally managed finances, upkeep, and legal matters are typical in fractionally owned properties. These benefits, which give owners a hand-off investing experience, are further propelling the trend.
According to the co-founder and CEO of your fractional ownership company, Sravan Gupta, this is the personalized experience each owner receives upon check-in. The company recommends owners write down their requirements before check-in to provide a seamless experience. Many options are available, ranging from how many cans of chilled beer to have on hand to which air freshener to use to greet visitors. In addition, offerings like specially trained personnel and on-demand chefs have enhanced the model’s appeal. The market for fractional ownership properties in India grew by 65%, from $ 5.4 billion in 2020 to $8.9 billion in 2025, at an annualized rate of 10.5%, according to data from Knight Frank.
According to Vimal Nadar, Senior Director and Head of Research at Colliers India, “the trend has been influenced by many factors, including the affordability of premium properties becoming less accessible, shifting investment and lifestyle preferences, and the proliferation of start-ups and investment platforms. “Underlying assets are farms, vacation homes, and commercial real estate, but the second-home segment has the most activity. Furthermore, more and more investors are purchasing second homes in well-known tourist locations like Alibag, Lonavala, Goa, Kodagu, Rishikesh, and Shimla.
Although the market is expanding quickly, according to Amit Goyal, MD of Sotheby’s International Realty in India, it has yet to reach its full potential. “Currently, properties valued between 10-20 crore are being converted into vacation homes. The majority of co-owners are six to ten people. That is where the Indian market is more concentrated, he claims. For example, Yours deals in properties valued at 5-20 crore.
These belong to eight equal shares residing in places like Goa, Alibaug, and Nilgiris. For every property, the co-owners own shares in a purpose vehicle (SPV) set up by the platform. Research from around the world supports this as well; according to our calculations, eight is the ideal number to divide up the ownership of a second residence. It grants each shareholder about 45 days of ownership annually,” adds Gupta.
One company that offers fractional ownership of premium commercial real estate is Strata, which operates in Bengaluru. According to Sudarshan Lodha, co-founder and CEO of the company, professionals, including lawyers, doctors, and even entrepreneurs, are showing interest in the space. “Getting exposure to the real estate market is their primary goal. Additionally, professionally owned and managed commercial assets are currently a profitable option,” he claims. But problems still exist. The desire for fractional ownership among investors is “still limited due to the lack of a standardized framework, independent valuation, and proper due diligence,” according to Colliers’ Nadar. In response to these worries, the Indian market regulator Sebi has suggested that fractional ownership platforms fall under its purview. According to Nadar, HNI’s involvement in the model will raise the regulatory framework’s promotion of supply-side maturity and consolidation.
Beyond real estate, the co-owners are keen on yachts and private planes. The market for these, however, is still nascent, says Sotheby’s Goyal. One of the main disadvantages, he claims, is that Indian cities are not suitable for housing and hosting yachts. “For this reason, it is uncommon to find an Indian-owned yacht parked in India. One of the few companies that provides luxury yacht fractional ownership is Champion Yacht Club, situated in Bengaluru. A fractional owner can spend 1.25 – 24 crore per share annually for six weeks on their yacht. In the meantime, the market for fractional ownership of private aircraft is broader and is growing due to the rise in HNIs in the nation. In addition to offering a premium experience, private jets, unlike yachts, reduce the time spent traveling, even for business rather than just leisure travel. Experts claim that this works in the jets’ favor.
Luxury as we know it is undoubtedly changing, whether with private aircraft, yachts, or second homes at sought-after vacation spots; fractional ownership is also quickly gaining popularity.
Plywood and medium-density fiber (MDF) boards have struggled to stand up to high-density high moisture resistance (HDHMR) board’s superior density and moisture resistance. This upgraded plywood comprises highly engineered wood, which gives it more durability and a longer lifespan. It is a fantastic option for furniture, cabinets, and storage units because of its flexibility and versatility.
Very high moisture resistance, or HDHMR for short, is an engineered wood product. The product is made by heating waste forest wood and small fiber chips under intense pressure. After that, the finished product is coated with substances that withstand moisture, strengthening and preventing it from warping. HDHMR is an environmentally friendly substitute for wood because it originates from waste from wood.
What is the board for HDHMR?
High-density, high moisture resistance engineered wood boards (HDHMR). The board’s exceptional strength and moisture resistance are well known. HDHMR is made with fiberboard technology and typically consists of wood fibers comprised and bound with resins. Depending on the intended use, the board’s thickness typically ranges from 12 to 30 mm. HDHMR finds wide applications in cabinetry, furniture, doors, and wall paneling. It provides the right combination of strength, durability, and resistance to moisture-related issues and is well-known for its stability in busy and humid environments.
HDHMR board applications in building construction
Furniture and Cabinetry
The HDHMR board is an excellent material for building furniture pieces and cabinets due to its density and strength. Because of its strength, HDHMR cabinets and furniture pieces are resistant to deterioration. It provides a robust and long-lasting solution for use in commercial and residential settings.
Window and door frames
HDHMR board is ideal for building door and window frames because of its ability to withstand moisture. These perform incredibly well in places like coastal regions that are prone to high humidity and moisture exposure. HDHMR is a dependable material option that endures inclement weather, guaranteeing the longevity of window and door installations.
Wall paneling
HDHMR board offers a smooth and even surface that readily takes different finishes, making it an excellent option for wall paneling applications. Its adaptability and flexibility give designers a great deal of freedom to create complex patterns and designs, causing interior spaces to look better. You can paint, veneer, or laminate the walls to boost their visual appeal.
Busy locations
The HDHMR board’s high density makes it an ideal option for offices, retail spaces, and places with lots of foot traffic. Hence, these are used widely for flooring and wall cladding. Because of its resilience to heavy use, it can tolerate the wear and tear of regular use without losing its functionality or appearance over time.
Applications for kitchens and bathrooms
The HDHMR board is especially well-suited for applications in moist areas like bathrooms and kitchens because of its moisture resistance. Commonly utilized for wall coverings, countertops, and cabinets, the board is a dependable option that resists warping and deterioration due to water exposure.
Shelves and storage compartments
The HDHMR board is the best material for building shelves and storage units because it provides a subtle blend of strength and stability. HDHMR guarantees shelves that can bear large loads without sagging. As a result, they are frequently utilized in business storage facilities and residential closets to offer a sturdy and well-organized storage solution.
Benefits and Drawbacks of HDHMR board
Benefits of HDHMR board
Drawbacks of HDHMR board
The HDHMR board guarantees a longer lifespan for the final product by providing increased strength and durability.
The cost of HDHMR boards may exceed standard options, affecting project budgets.
It is ideal for moist areas like kitchens and bathrooms because of its superior moisture resistance.
HDHMR boards can be heavy due to their high density, which requires careful consideration in applications where weight is a factor.
Ensures a surface that is consistently even and smooth, making it easier to apply finishes like paint, laminates, and veneers.
The restricted availability of HDHMR boards compared to other materials might affect their accessibility.
Show less vulnerability to warping or expanding, preserving dimensional stability regardless of environmental stability.
It may not be as versatile in some projects as other materials because it comes in as many thickness options.
It allows for flexibility in design and customization because it is simple to shape, cut, and machine using standard woodworking tools.
There may be chemical and adhesive usage during the production of HDHMR boards, which raises environmental concerns.
It is resistant to scratches and dents, making it suitable for high-traffic areas prone to potential damage.
HDHMR boards may or may not offer design options as other materials, which could not limit the aesthetic options available, depending on the type and brand.
A few HDHMR boards might have fire-resistant characteristics that improve security in some applications.
Because of its weight and density, it requires expert installation, which could raise labor costs.
HDHMR boards may offer long-term durability with mixes by fending off terminate damage.
As an additional step in the installation process, proper edge sealing is essential to preventing moisture penetration.
It adheres well to paint, enabling a variety of colors and modifications.
Eco-friendly features are one option; other options include varying degrees of sustainability overall and careful consideration of sourcing methods.
To sum up, HDHMR is an essential tool for the building sector. It is common for wall paneling, bathroom vanities, shelving units, and cabinets. The HDHMR board guarantees long-lasting strength and durability and improves the quality.
The largest convention center in India, Yashobhoomi, was inaugurated by Prime Minister Narendra Modi in a historic ceremony in Dwarka, Delhi. This bold initiative, which aims to capitalize on the estimated Rs 25 lakh crore industry, is poised to redefine India’s standing in the global conference tourism sector. I explore the nuances of Uashobhoomi’s influence on the Dwarka Expressway real estate market as a real estate sector.
The Vision of Prime Minister Modi
Yashobhoomi’s unveiling coincides with Prime Minister Modi’s strategic plan to increase India’s currently low 1% global conference tourism market. India’s dedication to hosting international conferences, meetings, and exhibitions can be seen in Yashobhoomi and Bharat Mandapam, representing a daring step toward global prominence.
Recognizing Conference Travel:
The UN World Tourism Organization defines conference travel as gatherings of ten or more people for at least four hours set up in a contracted location more than fifty miles from home. There has been a recent trend in this segment, which frequently goes by the name MICE tourism (meetings, incentives, conferences, and exhibitions), to refer to its broad scope as the “meetings industry.”
Yashobhoomi: An Innovating Space:
Yashobhoomi, with its enormous project area of over 8.9 lakh square meters and its built-up area of over 1.8 lakh square meters, is expected to rank among the best MICE facilities in the world. Modern amenities at the facilities set India apart as a global center for conferences, events, and exhibits, drastically boosting the travel and business industries in the nation.
To All International Stakeholders:
Prime Minister Modi invited all interested parties to utilize Yashobhoomi’s resources during the unveiling. The amalgamation of contemporary facilities and Indian culture at Bharat Mandapam and Yashobhoomi is a potent emblem of India’s story worldwide.
Bharat Mandapam’s Success and Future Prospects:
Prime Minister Modi expressed confidence that Yashobhoomi would exceed expectations, building on the success of Bharat Mandapam, which recently hosted the G20 leaders’ summit. The facility has the potential to showcase “India of the future” to the world community, he said, underscoring the country’s commitment to hospitality, grandeur, and excellence.
Real Estate Boom:
The introduction of Yashobhoomi has led to an increase in demand for nearby residential and commercial real estate. There is a need for commercial development since Yashobhoomi-related businesses are actively looking for adjacent office spaces. Furthermore, the scale of the Dwarka Expressway and commercial sectors will likely increase significantly, drawing Fortune 500 businesses to operate close to the International Airport.
Conclusion:
With the opening of Yashobhoomi, India advances to the top of the 25 million-dollar conference tourism industry. The growing demand for office and residential spaces is expected to benefit the real estate sector, especially along the Dwarka Expressway. The Dwarka Expressway’s opening before the next Lok Sabha elections will enhance these encouraging advancements even more. Keep checking for more information on how Yashobhoomi influences India’s development and prosperity with conference tourism.
Owing to the overwhelming response, MHADA has rescheduled the due date for the Pune and Konkan lottery schemes. By November 11 and November 12, 2023, interested candidates can now register for the Pune and Konkan MHADA lottery schemes. Read on for details on the crucial dates, the registration procedure, and the requirements to apply for the MHADA lottery scheme.
Lottery Konkan MHADA (September 2023)
Under the new housing scheme, the Konkan board of MHADA has made about 5,300 homes available. The houses are between Rs 9.89 lakh and Rs 41.8 lakh and reside in Thane, Kalyan, Palghar, Virar, and Vasai. 5,311 houses are part of the Konkan lottery scheme; 1,010 are under PMAY, 1037 are integrated townships, 919 are under the inclusive housing scheme, 67 are for journalists, and 2,278 are on a first-come, first-served basis through the Konkan board.
Konkan MHADA lottery: Scheme Types for 2023
Scheme
Homes
Konkan Board PMAY
1,010
Integrated Township Project
1,037
Inclusive Housing Scheme
919
Konkan FCFS Scheme
2,278
Reserved for Journalist
67
Total
5,311
Konkan MHADA lottery 2023: Important Dates
According to MHADA’s most recent update, the Konkan MHADA lottery scheme 2023 dates have changed. The revised timeline states that prospective buyers can register for the program by November 15, 2023, using the official website. Payment methods include RTGS, NEFT, and online. According to MHADA, the Konkan MHADA lottery 2023 event schedule has been revised and released.
Process Timeline: September 15, 2023
Deadline to Register: November 14–23
Application Deadline: November 15 to 23
The time limit for online, NEFT, and RTGS payments is November 17–23.
Approved Applications’ Final List, 11-Dec-23
Date of Draw: December 13-23
Date of Refund: 20-23 December
Konkan MHADA lottery 2023: Payment Details
The housing scheme application fee is listed below:
The application fee amount is subject to an 18% GST.
How do I apply for the 2023 Konkan MHADA lottery?
To apply for the new Konkan MHADA lottery scheme (code 267-C), the user needs to follow these steps:
Step 1: Go to MHADA’s official website.
Step 2: Register by creating a user name and entering the necessary data.
Step 3: Decide on the plan and lottery.
Step 4: Pay online and print the acknowledgment.
Konkan MHADA lottery 2023: Required paperwork for the MHADA program
Applicants for the 267-C Kokan FCFS Lottery 2023 must keep the following documents on hand:
Mobile Number linked with Aadhar Card
Email address
Aadhar Card
PAN Card
Spouse Aadhar Card (if married)
PAN card for a spouse (if married)
Proof of domicile
ITR (self)
ITR of spouse
Requirements for caste
Specific category requirements
September 2023 Pune Lottery-MHADA FCFS
The Pune board of the Maharashtra Housing and Area Development Authority has announced a lottery for 5,863 affordable homes in Pune, Sangli, Solapur, and Kolhapur (MHADA). The apartments to sell in the September 6, 2023 lottery cost between Rs 5 lakh and Rs 1.11 crore. There will be 5863 houses available under the Pune MHADA Lottery scheme, first come, first served. The flats range in price from 1 BHK to 3 BHK. The scheme’s smallest apartment is 204 square feet, while the largest is approximately 1,087 square feet. At Rs 5 lakh, the least expensive apartment is available in Kagal, Kolhapur.
At Rs 1.11 crore, the most expensive apartment is a 3 BHK in Sant Tukaram Nagar, Pimpri. The carpet area of this apartment is around 882 sq ft.
Preceding the Mumbai MHADA lottery, the Pune MHADA FCFS Lottery 2023 will employ the IHLMS 2.0 computerized system for processing entries. Online entries for the MHADA (Pune) Lottery Scheme will be available at the MHADA office in Pune’s Housing Building in Agarkar Nagar.
Vital Dates for the September 2023 Pune MHADA FCFS Lottery
Protocol
Timeline
Date of registration opening
6 Sept.23
The deadline for registering
11 Nov.23
Last day for submission of online application
11 Nov.23
The last day to accept payments online
11 Nov.23
The deadline for paying the deposit amount in a bank via RTGS Or NEFT
13 Nov.23
Approved Applications List
15 Nov.23
Online lottery
20 Nov.23
Refund Date
24 Nov.23
How can I apply to the 2023 Pune MHADA lottery?
The following details the application procedure for the Pune MHADA lottery:
Step 1: Go to MHADA Housing’s official website.
Step 2: Create a username and provide the essential information to register.
Step 3: Print the acknowledgment after choosing the “FCFS SEPT 2023” lottery scheme.
Step 4: Your registration is complete once you have paid the necessary amount.
Pune’s September 2023 MHADA lottery: The amount of Deposit
Payment is due at the stage of registration for the Pune MHADA lottery scheme. You must pay the following fee:
Group by
Deposit money
LIG apartments
Rs 20,000
MIG flats
Rs 30,000
HIG flats
Rs 50,000
Note: The GST component of every payment will add Rs 708 to it.
Mumbai’s MHADA Lottery for 2023
After several rumors about the MHADA Lottery 20 to rest, the authority officially revealed the eagerly anticipated program. First announced in Mumbai following the pandemic, this is the first MHADA lottery scheme. With more than 4,000 apartments available throughout the city, the Mumbai MHADA lottery scheme for 2023 is currently closed for applications. Applications were extended to July 11, 2023, from their original deadline of June 26, 2023. Additionally, the final list of applicants who were accepted was delayed by the authority and released on July 28, 2023.
About 530 of the more than 1.2 lakh applications that the agency received recently were denied. Also, approximately 15,000 applications have undergone review. On August 14, 2023, at 2:00 PM, the Mumbai board held an online draw for the MHADA lottery scheme at the Yashwantrao Chavan Centre Auditorium in Nariman Point. For apartments in Juhu, Andheri, Goregaon, Borivali Vikhroli Kandivali, Ghatkopar, Tardeo, Sion, and Powai, applicants have paid MHADA a total of Rs 519 crore. The lottery winners have chosen, and those who did not place a winning bid will shortly get an online refund.
The MHADA Mumbai apartments will be available for the EWS and LIG HIG categories, with prices ranging from Rs 34 lakh to Rs 4 crore. Broadening the MHADA Mumbai Lottery 2023 is to attract more applications and surpass one lakh. Over 73,000 of the applications received had already sent in their Earnest Money Deposits (EMDs) before the deadline.
Mumbai’s MHADA lottery 2023: Online Draw
On August 14, 2023, the MHADA lottery (Mumbai) 2023 draw took place. A new time of 2 PM was set after the original 11:30 AM appointment. The 3,515 eligible winners of the house draw received their provisional MHADA lottery winners’ letters. September 4, 2023, saw the online delivery of the letters to the 4,082 Mumbai Board of MHADA homes. The letter states that the winners have 45 days, or until October 19, 2023, to pay 25% of the flat’s total cost.
Details of the Mumbai MHADA lottery 2023 scheme
The details of the Mumbai MHADA apartments available under the most recent MHADA lottery scheme for 2023:
Groups
Annual Income Slab
Number
Locations
Economically Weaker Section (EWS)
Upto Rs 6 lakh
2,790
Pahadi in Goregaon, Antop Hill, Kannamwar Nagar in Vikhroli
Lower Income Group (LIG)
Upto Rs 9 lakh
1,034
Pahadi in Goregaon, Dadar, Antop Hill, DN Nagar in Andheri, Pantnagar in Ghatkopar, Vikhroli, Charkop, Malad, Kandivali, Borivali, Mulund and Mankhrud
Middle Income Group (MIG)
Up to Rs 12 lakh
139
Goregaon, Kandivali, Juhu, Andheri, Dadar, Byculla, Tilak Nagar in Chembur, Sion and Antop Hill
MHADA intends to decrease the amount of human involvement in document verification. Participants may apply online for the MHADA lottery scheme in 2023 if they have all the required documents. Here’s the procedure:
Candidates must first register on the MHADA official website to apply for the MHADA lottery scheme 2023.
Everyone must create a “User Name” to register for the MHADA lottery.
Afterwards, prospective candidates must “Select the lottery and scheme.”
Finally, you must use net banking to pay via the web.
MHADA lottery 2023: Apply online
Mumbai residents now have access to affordable housing options because the MHADA authority announced the MHADA lottery 2023. Starting May 22, 2023, individuals can register online for the MHADA Mumbai scheme. On the official MHADA website, interested candidates can view the Mumbai MHADA lottery 2023 application form online date.
MHADA lottery 2023: Pre-application process
Before applying for the Mumbai MHADA lottery 2023, interested parties must have their information verified. Below are the steps to do the same:
Go for the MHADA housing scheme.
Sign up with a PAN Card and an active mobile number.
The Digilocker will authenticate the Aadhaar number.
Upload the required files, and the MHADA board will confirm them before approving the application.
The applicant can continue the application after providing an e-signature and self-declaration.
Will real estate transactions continue to slide as the digital age becomes increasingly integrated into our daily lives? Maybe not! We are grateful for the modern practice of online auctions, which allows us to bid on properties from the comfort of our homes. Thus, how does it occur? How does this work? Everything you need to know is right here. For more information on e-auction property, continue reading.
Many banks and private sellers are offering lucrative properties now that real estate auctions are occurring online. But even the e-auction of properties has some tax and legal ramifications that the buyer should be aware of. This article provides information on e-auctions of property, including definitions.
Meaning of e-auction property
The method for selling real estate through an internet platform is known as an electronic auction. It is an open and effective method of purchasing and selling real estate. E-auctions have become increasingly popular in India because they are easy to use and convenient. Interested buyers can submit a bid on the property of their choice during an electronic auction. There is no requirement for physical presence because the bidding process takes place online. It makes it possible for purchasers to attend the auction from various locations.
E-auction of property: Things to think about before buying
You can improve your chances of making a profitable purchase at an e-auction by taking into account these factors:
Examine the property: You might come across conflicting legal titles if you do not finish your homework in advance. Therefore, before attending the auction, verify the facilities, legal standing, address, encumbrance certificate, and outstanding lawsuits.
Assign funds: Establish a budget to prevent overspending and guarantee a successful investment. Make sure you know the market value of the property, the potential cost of renovations, and any additional taxes before you make an offer by researching.
Know how an auction works: Find out if there are any other costs or fees related to the participation, and be aware of the registration requirements and bidding guidelines.
Verify the seller: Determine whether the seller truly has the right to sell the property by investigating their legitimacy and authenticity. To prevent future legal issues, ensure to gather all required paperwork and confirm their ownership rights.
Examine the property: Examine the property you are considering and search for any issues that could raise the future costs of maintenance and repairs.
Seek expert counsel: Speak with a reputable attorney to gain insightful knowledge about the procedure and direction for your choice.
Property e-auction: Benefits and Drawbacks
Property e-auctions come with benefits and drawbacks, including:
Benefits
Reduced Prices: e-auction properties frequently have lower opening bids, allowing buyers to buy properties at a discount.
Large Selection: More residential, commercial, and industrial properties are available ate-auctions, providing buyers with more options.
Transparency: Because e-auctions happen online, the bidding process is transparent, enabling buyers to view the latest highest bid and make well-informed decisions.
Convenience: Instead of visiting multiple listings in person, buyers can participate in e-auctions from the ease of their homes.
Drawbacks
Competition: Because e-auctions draw a lot of buyers, there is more competition, which could raise the winning bid amount.
Inspection challenges: Since online auctions frequently offer few opportunities for in-person visits, buyers may encounter obstacles when attempting to inspect the property before placing a bid.
Uncertain property condition: Because e-auction properties are sold “as-is,” purchasers may need to make unforeseen repairs or deal with unexpected issues following purchase.
Legal risks: It is crucial for buyers to thoroughly research the property’s legal status and ownership history to avoid any legal complications.