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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6 Tips to Simplify Home Buying Process

The idea of home buying has taken a big leap. In fact, today’s generation has move-on from the thought of living comfortably in the city to that of making an investment. As a result of which the banks receive hundreds of home loan proposals every day across the country. The approval of home loan is a time taking procedure. Thus people browse to know simple tips to complete the home buying process. Interestingly, many people involve their near ones while finalizing the deal. At the same time, it is saddening to know that many home buyers wish to be a property owner but takes a step back due to the long-home buying procedure. Although, few of them browse for the simple tips to complete the home buying process.

home Buying Process

In India, home buying is a big thing. Thus, people want to make sure that the money they are investing is worth it or not. Scroll down and read the post to know the tips to simplify the home buying process.

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Future of property market along Yamuna Expressway

Yamuna Expressway is a 165-kilometres-long stretch that connects Greater Noida with Kanpur and Agra in UP. A six-lane expressway that would later be extended to eight lane up to Lucknow, it’s one of the longest controlled-access expressways in India.

The expressway is well-connected to various amenities in the vicinity, such as hotels, motels, schools, banks and hospitals via an excellent network of railways and roadways. Already, a clutch of schools, namely Patriot Public School, CV International School, John’s Mary School, DS Public School, and Galgotias College of Engineering and Technology have sprung up along the Expressway.

Future of property market along Yamuna Expressway

Future of property market along Yamuna Expressway

Big hospitals include Yatharth Wellness Hospital & Trauma Centre, NIMT Hospital, Kailash Hospital, Metro Hospital and Heart Institute and Manyawar Kanshiram, which is a multi-Speciality facility.

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Indians want to live life king and queen size

For one of the fastest growing real-estate markets in the world, luxury living is emerging as one of the most promising sectors of the industry. So much so that this sector is not just attracting the interest of the domestic investors and developers but also of the Indian diaspora. The high aspiration of good living of High Net-Worth Investors and changing lifestyle are just two common factors that are driving this sector.

Indians want to live life king and queen size

Indians want to live life king and queen size

According to Kotak Wealth Management’s Top of the Pyramid 2016 report, cited by 99acres, if the same conditions continue to prevail, luxury projects are likely to witness 100 percent growth over the coming five years. In the financial year 2016, there were about 1.46 lakh boutique houses launched in India, and this number is likely to climb to 2.94 lakh by 2021, according to one conservative estimate.

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This Independence Day, Seek Freedom From Your Landlord’s Tyranny

Sudhir, a Noida-based art director with an advertising company has been toying with the idea of buying his own house for a long time now. He and wife, both working with multinational companies have been staying a plush, apartment on lease for the past three years and now when Sudha is expecting to be a mother in a couple of months, they want their child to arrive in their new home.

Since both are earning, and earning well, putting down a deposit on their own dream house is not a pipe dream for the young couple. They have already figured out how they are going to manage it. One’s salary will pay the equated monthly installments (EMI) on the home loan, while the spouse’s salary will take care of their other monthly expenses. Both realize that the time to invest in a good property is now, because they get burdened with child care expenses, schooling fee etc.

This Independence Day, Seek Freedom From Your Landlord’s Tyranny

This Independence Day, Seek Freedom From Your Landlord’s Tyranny

Basically, we want freedom from the hassle of paying rent every month,” quips Sudha. “…And we are mighty kicked with the idea of booking our pad on August 15, the Independence Day. For us, it would mean freedom from our landlord’s tyranny,” she jibes.

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10 Best places in Mumbai to buy a Home

Mumbai or Bombay, as some sentimental people prefer to call it, once an archipelago of seven islands, is today a thriving metropolitan and the financial capital of India. It is a city bursting at the seams, what with thousands thronging to it, hoping the magic of the city rubs off on them too. Space has always been a constraint here because of which the city has grown vertically rather than horizontally. Mumbai has certain residential areas which are real estate gold as far as their value is concerned.

While most people in Mumbai choose a home which is closer to their work place, there are others who don’t mind a long daily commute as long as they get to stay in the area of their choice. Here’s a list of 10 areas in Mumbai which are an ideal place to own a home in –

10 Best places in Mumbai to buy a Home

10 Best places in Mumbai to buy a Home

  1. So-Bo (South Bombay): Another old colloquial term for South Bombay is Town. Areas such as Cuffe Parade, Altamount Road, Neapensea Road, Malabar Hill etc. are its part. These are super- posh, exclusive and extremely expensive areas of the city. Some of Mumbai’s biggest movers and shakers happen to live in these areas (the Ambanis’, the Godrejs’ and the Tatas’ to name a few). The property prices in South Bombay are sky high and many people choose to live on rent here.

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