RERA and Demonetization Worked in Favour of Affordable Housing in NCR

Towards its end, year 2016 left a mixed bag of sentiments for the Indian Real Estate industry. While the notification of Real Estate Regulatory Act (RERA) in several states brought cheers, demonetization left the industry wondering about the consequences. However, amidst all this chaos, affordable housing segment showed considerable improvement.

RERA and Demonetization Worked in Favour of Affordable Housing in NCR

RERA and Demonetization Worked in Favour of Affordable Housing in NCR

Luxury real estate markets were substantially hit by demonetization and are now coping up. But meanwhile, renowned developers offering a set of affordable property options continued to perform well in different markets. Despite all uncertainties related to demonetization and other reforms, affordable housing market did not show a downfall. [Read more…]

Swabhimaan- Aapka Ghar, Aapka Sammaan

Owning a home is a matter of pride. You burn the midnight oil, work hard and compromise a lot of things to reach a respectable position in life. Now it’s time to have a place you can call ‘home’.

With stringent bank rules related to homeloans, and lengthy documentation formalities, it is not easy for everyone to buy a house. There are a number of people who are financially capable of owning a home but due to lack of proper documents like ITR, Income proof, etc., their loan applications get rejected.

Swabhimaan - Aapka Ghar , Aapka Sammaan

Swabhimaan – Aapka Ghar , Aapka Sammaan

To make ‘dream home’ a reality for everyone, Investors Clinic is coming up with a progressive initiative called Swabhimaan. The scheme is for all customers who do not have standard income proof or complete documentation for taking a home loan. It also includes persons drawing salary in cash or generating income in cash. The scheme offers considerable flexibility with respect to certain documentation requirement like income tax proofs, bank statement, etc. [Read more…]

Q3 2016 Report: Market Stability Expected as Property Sales Exceed New Launches

The real estate market is one important segment where demand-supply gap has always been a matter of concern. After the recent demonetization move, certain speculative trends were seen in the market. Some said that the prices are going to see significant corrections while some opposed the idea. However, a recent report regarding the property market performance in the third quarter of 2016 was presented by JLL India, which told a completely different story leaning towards the brighter side.

Q3 2016 Report: Market Stability Expected as Property Sales Exceed New Launches

Q3 2016 Report: Market Stability Expected as Property Sales Exceed New Launches

For the first time after 2008, apartment sales on pan-India level have been higher than the number of new launches for the same period. In a market where oversupply had been a persistent problem, such great sales figures are very impressive. JLL suggested that the developers are aligning themselves to market realities and reducing inventory levels so that the prices remain stable. This is a mature step and reflects a new reality of the Indian real estate market. [Read more…]

What’s in Store for the Real Estate Sector in 2017?

2016 has been an exciting year for the Indian real estate industry. While most of the year saw a balanced growth, surprise demonetization by PM Modi came as an unexpected event for the country. A number of other positive aspects like the final notification of RERA, establishment of Real Estate Investment Trusts (REIT) and the economic ups and downs have had various short-term and long-term impacts on the real estate market of the country.

What’s in Store for the Real Estate Sector in 2017?

What’s in Store for the Real Estate Sector in 2017?

Leaving the year 2016 behind, let us talk about what’s in stores for real estate in the coming year.

REITs will attract foreign investors

Being a fast-paced sector and accounting for second largest chunk of India’s employment figures, real estate industry needed a new zeal and zest. After a long wait of seven years, REITs were finally approved by SEBI in 2014 with hope that it would bring more transparency, growth and accountability in the sector. The concept has already been successful in more than 20 countries including big economies like USA, UK and France. They provide a less risky investment option thus adding credibility to the sector. Global investors will be attracted to Indian real estate market which is otherwise seen as a sector dwindled with corruption. Such legislations will work in favor of investors from India as well as abroad. [Read more…]

RERA Notified: Real Estate Industry Welcomes Transparency

RERA or Real Estate Regulatory Act was the need of the hour for the Indian real estate market. Inspite of being one of the largest industries, it had no set rules or guidelines. All this changed when the RERA bill was passed in the Rajya Sabha on 10 March 2016 and the Lok Sabha on 15 March 2016.

RERA Notified: Real Estate Industry Welcomes Transparency

RERA Notified: Real Estate Industry Welcomes Transparency

In layman’s terms the bill largely seeks to protect the interest of the allotees/buyers by promoting transparency, accountability and efficiency in the real estate sector. The state governments were given a time frame of 6 months to notify the act at their level. With the State Govt. of Gujarat , Uttar Pradesh and five Union territories of Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep and Chandigarh notifying RERA and the others following suit, this brings much cheer and a sense of relief to the real estate community, be it builders or buyers. [Read more…]

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

Demonetization of 500 and 1000 notes came out as a surprise for India on a fine night of November. Amidst much chaos of what would happen next, experts started speculating the fate of India real estate industry which is said to be a major absorbent of black money. Though many said that the property prices would fall and real estate would dwindle, there is actually a bright side of it, majorly for the primary real estate market.

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

In an interview with Radio Mirchi, Investors Clinic Director- Mr Sunny Katyal spoke on the issue and assured that there is not a single reason to panic because of demonetization. It is, in fact, a ray of hope for real estate. [Read more…]

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

An investment in the National Capital Region (NCR) is going to bring a lot of good fortune for the investors. This growth in Delhi/NCR real estate market is a result of the overall economy improvement in India. According to a report by IMF, India will see a GDP growth of about 7.6 percent in 2016-17, even ahead of China and some other developed European states. The effect of this comprehensive growth can be clearly seen in the country’s real estate market. Delhi/NCR, being the capital region, will witness the best ripples.

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

Let us divide the NCR market largely into two segments- Gurgaon and Noida.

Gurgaon

Gurgaon is the most attractive investment destination in NCR. Being the largest commercial hub of the NCT, Gurgaon is bound to get good results. It experiences strong demand dynamics and now with price moderation by the builders, the market has become even more attractive. Though the central areas have saturated with commercial and residential projects, the growth corridors of New Gurgaon, Sohna Road and Golf Course Extension Road are now attracting many global investors. [Read more…]

All You Need to Know about Delhi Master Plan 2021

Delhi Master Plan is the basis for all infrastructure requirements that are needed to support the population of the city. It is a long-term plan for the complete planned development of the city prepared by the Delhi Development Authority and approved by the Central Government. It lays down the policies and guidelines for planning the socio-economic activities for the overall betterment of its people, during the plan period.

All You Need to Know about Delhi Master Plan 2021

All You Need to Know about Delhi Master Plan 2021

Here are a few highlights of the Delhi Master Plan 2021-

Vision

According to the authorities, this master plan is envisioned to make Delhi a future-ready city having a sustainable environment. Its people will be engaged in productive work and will move towards a better quality of life. Major planning needs to be done with respect to the influx of people into the city, their housing and other standard needs. Adequate shelters for the Economically Weaker Sections (EWS), upgradation of dilapidated areas and dealing with slums, addressing the needs of small enterprises, provision of adequate infrastructure- both physical and social, environment conservation, preservation of Delhi heritage are among the main agendas of this master plan. And all of this needs to be done sustainably. [Read more…]

Festivities Bring Cheers for NCR Real Estate

Festive season brings a lot of cheers for the Indian real estate industry. In India, festive season- starting from the onset of Dussehra and ending after Diwali- is considered to be the most auspicious time to make important financial decisions; real estate investment during festive season is also considered auspicious. This year, with the beginning of festive season, the real estate market also started to show signs of revival.

Festivities Bring Cheers for NCR Real Estate

Festivities Bring Cheers for NCR Real Estate

According to the Confederation of Real Estate Developers Association of India (CREDAI), the residential realty market has already started steering towards betterment. Significant improvement in sales figure has been recorded in the market since the beginning of October. Major markets like Noida, Gurgaon and Ghaziabad are showing healthy recovery. [Read more…]

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

Investors Clinic Navratri Propfest turned out to be a huge success with more than 200 properties booked in just three days. Despite a slowdown in the real estate market, customers showed genuine interest in the property deals offered by Investors Clinic.

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

CEO Honey Katiyal expressed immense pleasure in hosting an event that turned out to be such a big win. He said that the buyers still trust the renowned builders which is the reason why they showed such enthusiasm towards the Navratri Propfest. Also, the customers impart their trust in Investors Clinic as we offer assistance throughout the home-buying process and make dream home a reality for them. [Read more…]