Brace yourself for a windfall, if you have invested in Yamuna Expressway

In the next five years, prepare yourself to make massive gains, if you have invested in any upcoming project, along Yamuna Expressway.

The second airport in the Jewar in Greater Noida is expected to be operational in the next five to six years at a whopping investment of about Rs 20,000 crore.

Expected to cater to some 30-50 million passengers per year over the next 10-15 years, the international airport that has alrady received a nod of approval from the Aviation Ministry is coming up on about 3,000 hectares of a sprawling, lush green belt. The first phase of the much-awaited project, to be developed over 1000 hectares of notified land, will undoubtedly revive the Greater Noida realty market, and be a shot in the arm of all the stakeholders there – the developers, realtors, estate agents, residents, hoteliers, retailors, you name it.

Brace yourself for a windfall, if you have invested in Yamuna Expressway

Brace yourself for a windfall, if you have invested in Yamuna Expressway

Before the Centre gave its approval to the project, developers had begun to get restless and were thinking of exiting from the project and surrendering the land back to the authority, when the glad tidings came, and the present sentiment is bullish among builders, to say the least.
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Why a Good Credit Score is critical for a Home Loan

Credit Score similar to Aadhaar Card nowadays is your identity card, in this case, the identity card of your financial-self. As the digital medium attempts to accumulate the key credential data of India’s 1.3 billion people, it also attempts to make our daily lives simpler by streamlining this data.

Why a Good Credit Score is critical for a Home Loan

Why a Good Credit Score is critical for a Home Loan

In one way or another, we all are part of the country’s economy, especially if we own a bank account. Being in the country’s financial database via using bank’s services such as credit cards, secured and unsecured home loans etc. prompts Credit Information Companies (CICs’) to collect and maintain your financial information.

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How Government Plans to fulfill Housing For All Mission By 2022

‘Housing For All By 2022’ mission initiated by the Indian government in 2015 plans to fulfil a long- standing objective of our developing economy by the year 2022 when we complete 75 years of our independence, to provide access to a pucca house to all citizens. ‘Housing For All’ which is also facilitated by the Pradhan Mantri Awas Yojna (PMAY) has four major goals to achieve:

  • Slum rehabilitation of slum-dwellers with involvement of private developers

  • Affordable Housing for weaker section through credit linked subsidy scheme (CLSS)

  • Affordable Housing in partnership with Public and Private Sector

  • Subsidy for beneficiary-led individual house construction or enhancement

Through a federal grant of Rs. 1 lakh per house for Economically Weaker Sections and interest subsidy of 6.5 % on housing loans of10 year tenure under CLSS, the government plans to put the housing market throughout India on a fast-track mode. The Scheme is planned to be implemented in three phases, from April 2015 – March 2017, April 2017 – March 2019 and from April 2019 – March 2022.

How Government plans to fulfill Housing For All mission by 2022

How Government plans to fulfill Housing For All mission by 2022

Through steps such as integration of Aadhar Number and Jandhan Yojna bank account and usage of modern and eco-friendly technologies in construction, the government plans to turn the housing industry into a comprehensive well-oiled machine. Moreover, the current scheme decentralizes the power of the federal government and passes the onus onto the state governments to decide what change is needed in the central scheme’s version and its corresponding incentives to suit their terrain while also pushing them all to achieve the intended end result of constructing both urban and rural houses in the tune of crores within a 7 year period. There have been many steps initiated by the government and developers alike to achieve this mountainous task, many of which are listed below- [Read more…]

Factors that Make Commercial Real Estate a Safe Investment Bet

Real estate has been making tremendous progress as an industry with the introduction of reforms such as Real Estate (Regulation and Development) Act (RERA), Goods and Service Tax (GST) and Real Estate Investment Trust (REITs) in India.

Factors that Make Commercial Real Estate a Safe Investment Bet

Factors that Make Commercial Real Estate a Safe Investment Bet

It has been earlier observed that most first-time or one-time real estate investors are more inclined to invest in residential properties rather than in commercial ones due to reasons such as higher initial investment and greater risk factor. However, the scales are now shifting and the demand for commercial space is on the rise due to the below factors: [Read more…]

Should You Invest in a Studio Apartment?

Studio apartments, an apartment kind which is smaller in size and usually furnished, are a rapidly growing segment of housing developments in Tier 1 Indian metro and satellite cities. Majorly called a One-Room Kitchen or a Bachelor Apartment, studio apartments suit both young professionals and business travellers. Thus, they are a lucrative investment opportunity since the target clientele is willing to pay for a ready-to- move-in flat which may be less on space but is bestowed with facilities.

Should you invest in a studio apartment?

Should you invest in a studio apartment?

Investing in studios is a fruitful venture as a major portion of the demographic today is increasingly demanding modern, chic and manageable homes and these apartments have been crafted in such a way by the developers that they fulfil exactly these requirements. A studio apartment bought for investment purposes may yield the following benefits: [Read more…]

Sarjapur Road: The Best Luxury Home Destination in Bangalore

Sarjapur Road nestled in the southeast corner of Bangalore shelters the buzzing IT corridor of the city and so it is an ideal location for investors and end-users to go in for premium and luxury homes. It has proven to be an upward graph as far as returns on investments are concerned in Sarjapur.

Sarjapur Road: The Best Luxury Home Destination in Bangalore

Sarjapur Road: The Best Luxury Home Destination in Bangalore

There are a lot of famous developers who have come up with residential projects in Sarjapur. Some of the projects are the ultimate in luxury living. The reasons for Sarjapur Road becoming a hotspot in luxe living are listed below: [Read more…]

3 Things to Keep in Mind When Investing in a Retail Shop

Retail properties have the potential to earn high investment yields and allow you to take calculated risks and diversify your portfolio. In order to reap the benefits of retail investments consider your budget and see if it you can make it work.

Through thorough research, intensive planning and careful consideration, investing in retail realty can become a very lucrative investment. But before buying anything you must consider your budget, location, use and timing so as to make a sound investment.

3 Things to Keep in Mind When Investing in a Retail Shop

3 Things to Keep in Mind When Investing in a Retail Shop

Budget- Investing in any type of property is expensive and retail property is no different. First of all, you have to consider your budget and all your over-and-above expenses which go along with it. Determine the size of the property, its location and purpose in accordance to your budget. You also need to consider the costs of repairs and renovation which will go in readying the shop and giving it the look your business requires. You have to include other expenses like stamp duty, business tax, property tax, insurance, maintenance costs, energy costs like electricity etc. in your budget too. If you are leasing your property you can surely pass some of these costs to your tenant. [Read more…]

Why You Must Visit a Sample Apartment Before Finalizing the Deal

One of the most challenging decisions faced by many people is buying a home or a property as it involves a lot of investment. One of the major concerns of the customers who are looking to buy a home or have already signed the deal is trying to conjure up a picture in their mind of their finished home. To get a feel of their dream home, earlier prospective buyers were either made to visit under-construction flats or were forced to rely on the construction pictures of the project on the developer’s website.

Why You Must Visit a Sample Apartment before Finalizing the Deal

Why You Must Visit a Sample Apartment before Finalizing the Deal

So to address this growing concern of the buyer about the builder’s final product, developers have begun crafting sample apartments and organizing customer visits to the same. A sample apartment is a dummy flat, usually in the builder’s office or at the construction site, with the same specifications or area as the actual apartment and is usually furnished by the builder. This basically gives the customer an idea of what their home will look like when it’s completed – A significant step in their home-buying journey. [Read more…]

How ‘Home buying’ Differs From ‘Investing’?

The Indian economy is showing an upward trend with a pro-active government at the center. Moreover, expectations have risen with demonetization which makes this the right time to buy a property. Buying property nowadays is quite different from what it used to be. Before the economic slowdown, one could be sure that the property could fetch a good dividend in a short span of time. Real estate was looked upon as a lucrative investment opportunity. But today, homebuyers are in doubt as to what they should do; wait for the prices to fall or not. Pre-requisites differ when you are investing in real estate than when you are buying a home forresidential purpose.

How ‘Home buying’ Differs From ‘Investing’?

How ‘Home buying’ Differs From ‘Investing’?

So, are you an investor or an end user?

The difference between the two is that the first is looking for returns on investment and he is backed with a certain amount of a risk appetite. An investor looking for returns is ready to gamble on his assessment of the current and future market conditions and is also invested in other instruments such as stocks and bonds. [Read more…]

Getting Property Insurance Could Mean Cheaper Home Loans 

In India, Home or property insurance is a popular banking product. Being secure is better that being sorry- the essential theory behind the concept of insurance.

After the Monetary policy review on February 8, The Reserve Bank of India, (RBI), left the repo rate unchanged at 6.25 percent. Finance Minister Arun Jaitley too conceded to the RBI’s decision. Now, developers and prospective buyers are waiting for the Central bank to cut key rates in the next policy review in April.

Getting Property Insurance Could Mean Cheaper Home Loans 

Getting Property Insurance Could Mean Cheaper Home Loans

According to media reports, the national Housing Bank (NBH), along with the Indian Institute of Insurance is working to build a frame work that could make cost of home loans cheaper by 50 basis points, if the borrower opts for property insurance. [Read more…]