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…]

Buying to Rent Out? Here is All You Need to Know

It may be common knowledge that buying rental property can be one of the fastest and secure ways of building up serious wealth- but the ‘how to’ knowledge is not so common. The process or steps to buying rental properties are not so different from that of buying your own home, just a few differences. Nowadays, the legal rights of tenants have been made quite explicit, so as a landlord, you must also know your rights. But, first of all, you need to invest in the right type of home.

Buying to Rent Out? Here is All You Need to Know

Buying to Rent Out? Here is All You Need to Know

Step One- Do your homework before going in for the dotted line.

As soon as you have decided to buy property for rent, don’t think of the décor or paint, there are other important factors which you have to consider.

  • What kind of investment you want to buy?

  • How much can you afford to spend?

  • What kind of a neighborhood would you like to invest in?

  • What is the average rent in your area?

  • What kind of return on investment you want to make?

Doing your homework right is important. [Read more…]

Selling Your Home? Do Not Ignore These Kitchen Problems

Buying a house is a serious business. Whether it is a recently built estate or a modest fixer-upper, getting a lowdown on your potential home is of tantamount importance. When it comes to selling your home, your kitchen can be your deal-breaker. At an open house most buyers will spend time trying to check out the finishes of your kitchen, appliances, the fixtures and most importantly, the amount of space and storage space.

Selling Your Home? Do Not Ignore These Kitchen Problems

Selling Your Home? Do Not Ignore These Kitchen Problems

Having an inconvenient and inadequate kitchen can be a curse to the home owners. Before you may have fought enough battles with your kitchen, but the buyer of your house doesn’t have to feel that way. Just think of your kitchen as a product and find out what most people like to see in a kitchen? [Read more…]

Signs That a Suburb is going to See Impressive Value Appreciation

Investors always want to be the one to find the new up and coming suburb before it booms. But what are the signs to look out for? There is no better feeling than watching the value of your property skyrocket, and while some commentators look for falling vendor discounts or reduced rental vacancies, these figures aren’t readily available. There are far simpler ways to work out if your suburb is about to experience a price boom.

Signs That a Suburb is going to See Impressive Value Appreciation

Signs That a Suburb is going to See Impressive Value Appreciation

Neighboring Suburbs are in Hot Demand- The property market often experiences the ‘ripple effect’. As prices rise in one area, neighboring suburbs offer better value so demand rises in these localities often pushing up prices. If the ‘sold’ sticker is rapidly going up across homes in the neighboring towns, chances are your suburb could experience the outwards ripple of growing prices. It is a clear sign that this suburb is right for you. [Read more…]

Should You Live A Rented Life After Retirement?

Nationwide, it makes more financial sense to buy a home than rent. But it gets a little more complicated for those in their golden years. Retirees also need to decide whether they want to leave an inheritance behind, this is an important factor that helps them choose between renting and buying. It is obvious that including property in your retirement plan is a good idea. But if a retiree does not want to pass on an inheritance then it is always more advisable and cheaper to rent than to buy.

Should You Live A Rented Life After Retirement?

Should You Live A Rented Life After Retirement?

Building equity is one of the important factors that favor buying. If you plan to leave it to your family then buying is the sensible thing to do, but if you are not concerned about the value of equity then renting is the better option. [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…]

Low-Cost Staycation Ideas: Make the Most of Your Family Time

“Staycations aren’t just trendy they are smart”, say experts.

Holiday season is round the corner, but everyone cannot afford a holiday, so instead of running a debt and trying to go for a holiday make sure that your time off is relaxing and fun- that is a real vacation. Same place, different mindset- that’s the challenge of a staycation.

Low-Cost Staycation Ideas: Make the Most of Your Family Time

Low-Cost Staycation Ideas: Make the Most of Your Family Time

So, let’s talk about some of the best ways of making the most of your stay-at-home vacation-

Set your boundaries and budget

Approach your staycation as you would do with a regular holiday and create an activity plan and a corresponding budget. You’ll need to establish some boundaries to keep ‘real life’ from intruding while your family is on its staycation. Small staycation stint helps you strike a good work-life balance later when you are back in the real world. So it is important to decide on limits of cell-phone use and set up an out-of-office email message for the duration of your time ‘away’. However you handle your time off, it’s important to treat the time as special so that you don’t spend it as a working holiday. [Read more…]