With digitization taking over the world, everything has come within the reach of an individual. Maybe grocery, electronics or any other daily need item, with just a touch on the smartphone, you can have access to anything you need. The same is taking place in the real estate market too. Gone are the days when a homebuyer runs from pillar to post to search and find the right property. With the onset of internet and online services, these days even a home can be booked through this facility.
As a part of sales strategy, the Indian real estate sector is today opting many innovative technologies to woo prospective home buyers. These state-of-the-art methods include more convincing user experience, getting in touch with the customers within seconds, 3-D Technology etc.
Take a look at the five technologies that have completely transformed the landscape of the Indian realty market:
In the current real estate market scenario, a scheme which has become a major selling point for real estate companies is ‘Zero EMI till possession’. Developers and builders are fully utilizing this scheme to woo prospective home buyers with the help of this scheme. So, if you are a prospective homebuyer and planning to invest in your dream home then, read this article to understand this scheme in detail and know its importance and advantages:
The outlook on Indian real estate has been showing a positive trend from the global investors’ perspective owing to changes in regulatory reforms. “ The policy initiatives, including the much awaited RERA-Real Estate Regulatory Act is making real estate more attractive for large institutional investors,” as per Christian Ulbrich, CEO-JLL.
As per an analysis of recent investment trends, India is moving in the right direction and is inspiring confidence in global investors. Due to the extremely constructive changes in its regulatory framework, India has become an investment hotspot to foreign investors. The Indian economy is also seeing a positive upward graph. There have been some important developments which will impact Indian real estate favorably – Increased rate of consolidation, improved transparency and the fact that REITs [Real Estate Investment Trusts] have been launched. [Read more…]
India is a diverse country in terms of culture, religion, social status and lifestyles of its people. But it is a matter of pride that despite all diversities, India manages to go hand-in-hand at all levels. One such example is the economic disparity among the people of our country which also has a direct impact on the real estate industry. While some can afford bungalows in a city like Mumbai, other look forward to buying a compact home in a suburb that fits their budget.
Recently, the real estate market witnessed a record high level in price. However, a simultaneous increase in people’s disposable income was also recorded. This maintains the affordability and price rise balance in the Indian real estate market. [Read more…]
With recovery of the Indian economy, India’s real estate market appears to be more dynamic. A lot of Non-Resident Indians (NRIs) are also relocating to their country. Good growth prospects, good education system and the feeling of reconnecting with their native place are some factors that drive most NRIs towards India. Real estate has also advanced with modern technology and offers a wide variety to choose from- for mere investments or for relocating. India’s economy is booming and hence NRIs are looking towards returning to India for investment, at the same time maintaining their individual jet set lifestyle. India has been a great motivation for builders commercial/residential to come up with projects of international standards.
What does an NRI seek for in Indian Real Estate?
- Investment and the capital appreciation Indian real estate offers.
- A second home
- Maintaining an international lifestyle
- Immovable asset in your own backyard
- India’s globalization and maybe relocation
According to the investors report published by HDFC Bank, the Indian real estate sector has witnessed an improved affordability. However, the price trends seem to be going north as opposed to what the report suggests. But being a major home loan lender in the market, HDFC Bank has undertaken an intensive research based on the customers who approach them for a home loan.
The bank has put forward ‘affordability’ as a relative term that is affected not only by the property prices but also by the annual income of the buyers. Affordability here is calculated by dividing the property prices by the annual income. This relative figure for the year 2015 is 4.4. The same was 4.7 in 2013 and 4.6 in 2014. The decrease in this relative affordability figure shows that real estate properties have become comparatively affordable this year. It was only in 2004 that the value was below 4.4 which makes it evident that it was not so affordable to buy real estate in the last ten years. [Read more…]
While picturing a home in his mind, an urban dweller does not only go for lavish projects and modern amenities. What a customer looks for is the viability of the project as a dream home. A home where greenery soothes your eyes when you look around, a home that is close to all social facilities and a home you can proudly call your dream home. Offering everything you need for a healthy and comfortable lifestyle, integrated townships are a rising trend in the Indian Real Estate market.
What is an Integrated Township?
An integrated township is a project that encompasses all facets of a modern lifestyle within the gated complex. It integrates the residential parcel with the commercial, retail, education and entertainment facilities. Usually, a township is spread over more than 100 acres and has school, hospital, banks, ATMs and recreation areas within the complex. These projects also have ample greens. Since city outskirts and suburbs offer land at comparatively cheaper rates, most of the builders prefer to build their integrated township projects in these areas. [Read more…]