Investors Clinic bags Real Estate Broker of the Year Award in Dubai

Investors Clinic achieves yet another milestone in the real estate sector as the firm receives the honor of being the Best Real Estate Broker of the Year in the ongoing Realty India Expo 2018 in Dubai.  The award function named ‘Realty India award 2018’ took place at the prestigious Le Meridian hotel near Dubai airport.

Real Estate Broker of the Year Award in Dubai

Realty India Expo is one of the most prominent and reputed Real Estate Expo happening around World. The two-day event started on May 11 and will end on May 12. Some 80 exhibitors representing the Indian realty were present in the expo. Prominent among them are Lodha, GM Infinite, Mahindra, Shobha, Purvankara, Brigade, Godrej Properties, and Asset India Real Estate.

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A quick look on RERA’s one year report card

Implemented by Government of India on May 1, 2017, RERA or The Real Estate (Regulation and Development) Act is one of the most important measures which was enforced to boost investments in the real estate industry and to safeguard the rights of Home-buyers. The act also led to speedy property related redressal. The act first came into force on May 1, 2016, but with half provisions. However, remaining provisions came into force on 1 May 2017.

RERA Act

Img : myaonegroup

As the act is about to complete its first year on May 1, 2018; we bring to you the complete report card of its implementation and how it gave a big relief to home buyers:

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Noida-Greater Noida Home Buyers now eligible for 2.5 lakh Subsidy under PMAY Scheme

The flat buyers of Noida-Greater Noida location have a reason to smile. As they will now receive the interest subsidy of 2.5lakh rupees on the home loan they avail under PMAY Scheme. This benefit is applicable only Middle-Income group [MIG].

Noida-Greater Noida Home Buyers

Img : wikimedia

The Ministry of Housing and Urban Development allotted necessary codes Noida-Greater Noida and the same have been forwarded to the Housing and Urban Development Corporation [HUDCO] and National Housing Bank [NHB]. The NHB is solely looking after the Pradhan Mantri Aawas Yojna i.e. PMAY Scheme.  This decision will prove beneficial to several home buyers who come under MIG.

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SEBI buys IDBI Bank’s Mumbai property in a record 1,000 crore deal

Market regulator SEBI has finalized a milestone deal to buy IDBI Bank’s office located in Bandra-Kurla Complex (BKC), Mumbai’s prime business hub. According to sources, the deal is reported to be worth a whopping Rs. 1,000 crore and was recently approved by the board of the Securities and Exchange Board of India (SEBI). The going rate for the current deal comes to around ₹30,000 per sq ft.

SEBI buys IDBI Bank’s Mumbai property

Img : etimg

The SEBI-IDBI deal is being perceived as India’s second-largest end-user office-space transaction. However, the first one belongs to Abbott India, when it purchased 4.35 lakh sq ft office spaces at BKC worth Rs. 1, 480 crores in September 2015.

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Union Budget 2018: Affordable housing to get dedicated fund

New Delhi: Post Budget announcement, here is good news for the housing sector. Finance Minister in his budget speech announced a dedicated affordable housing fund under the National Housing Bank (NHB). This move will surely bring more flexibility to the sector.

Union Budget 2018

Img : eletsonline

Focusing more on the housing for all scheme of Government, Arun Jaitley said that, “It the vision of the Modi government to provide ‘Housing for All by 2022’. So we are ensuring that every poor has a house by the year 2022.” In this context, the Government will try to create as many as 31 lakh homes in urban areas and 51 lakh in rural areas in the year 2018-2019.

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Good News: Jewar Airport could be operational by December 2021

Greater Noida: If all goes by the timeline, then Jewar International airport may start its operation by end of 2021. The new Greenfield airport at Jewar is expected to end the congestion at the IGI Airport.

Jewar Airport

Img : pixabay

A meeting took place last week between Civil Aviation Ministry, Airport Authority of India and YEIDA officials in which the officials visited the site of the Jewar airport in Greater Noida and assessed the progress of the project.

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Good News for Home Buyers: GST Rate comes down to 8 % under PMAY Scheme

New Delhi: For those who are looking to buy their house in 2018, here is good news for them. In a bid to promote Government’s affordable housing scheme, the GST Council has recently announced several important recommendations for the housing sector. These changes will come into force with effect from 25 January 2018.

Good news for home buyers

Img : tahdevelopers

As per the new recommendations, now homebuyers who want to buy their house under the Credit Linked Subsidy Scheme will be entitled to concessional goods and services tax (GST) rate of 8%. Earlier they were charged a GST rate of 12%.

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Union Budget 2018: What Real Estate Sector wants from FM Arun Jaitley?

The real estate sector saw many ups and downs in the year 2017, whether in the form of Demonetization or announcement of many structural policy reforms which otherwise led to the complete overhaul of the real estate industry. With budget 2018 on its way, the realty sector is restraining its hopes for relief measures like lower taxes and infrastructure status.

Union Budget  in real estate sector

Source : fpgindia

Key issues or areas of concern for the sector

Industry Status: It’s been a long pending demand of real estate players that this sector must be allotted an ‘Industry status’. Because of no such status it becomes difficult for the real estate sector to avail legitimate finances from banks and other financial institutions.   As per many experts, industry status to the sector can help it in getting low-cost loans and in turn reducing project costs, which will finally benefit buyers.

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YEIDA to Launch Schemes to Auction Land in Jewar

Keeping in mind to fast-track the work in and around Jewar airport, the Yamuna Expressway Industrial Development Authority (YEIDA) is all set to launch two land schemes in its area. The land will be auctioned to develop 5-star hotels and industrial units in YEIDA area.

 YEIDA to Launch Schemes to Auction Land in Jewar

The two schemes will cover around 650 acres of land area. Giving information about the two schemes YEIDA CEO Arun Vir Singh told, “In the first scheme we will auction five plots of 10 acres of land for setting up 5-star hotels. These plots are located in sectors 21, 28 and 29. This scheme will be time-bound and plots will be allotted on a two-bid system including technical and financial bids. The reserve price fixed for these commercial plots is Rs 34,000 per square meter.”

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6 Factors That Affect Reality Boom In Future

The property market witnesses highs and lows more than any other industry. Thus, insecurity lies in the mind of the clients while investing in this sector. However, people depend upon the market gurus for predictions regarding the boom in the real estate sector. But, have you ever noticed the logic on which market predicts the future trends? If no, then you must take notice of the points listed here.

The increase in property rates depends on various reasons. Thus, you as a buyer should also have an idea about the pros and cons of the particular region. Of course, the common people might not know the in-depth details of the reality sector. But, assessing some generic points proves beneficial to understand the factors that affect reality boom in future.

creative

Take a look at certain conditions that affect the reality boom in the near future. Also, this post will also give you an overview of when to invest in the real estate market.

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