Why Festivals Are The Best Time To Invest In Property?

Real-Estate

Come festival seasons and real estate industry is abuzz with activity. Festival Season has brought rejoice and hope to the people, and the excitement is at the apex. Rakhi, Navratri, Durga Pooja, Dussehra and then Diwali; the festive lights have made a permanent place on the walls of many houses. While buying household things, jewellery, clothes, and the vehicles is a common practice, many people living on the rent are wondering if it is the correct time to invest in the property too. Indeed it is! Although, there is no perfect time to invest in the real estate, this investment is the best one there is. The sale of every commodity gets accelerated during the season of lights, so the modern builders are coming forth with the best of the offers to lure the buyers into making the house buying decision fast. The market and the shops are crowded this time of the year and so is becoming the real estate ‘market’. It is auspicious to buy during this season and wise too. Let us give you some reasons which are compelling enough to get real estate home at festival season.

1. New projects are launching

We all are accustomed to new movie releases on and during the festivals, but the real estate developers are also releasing their magnificent projects on these special occasions. The Indian buyers show more inclination to the affordable housing solutions; hence the projects launched during this time are all seeing the finances of the audiences. The chances of quick selling of such projects increase as the buyers are too motivated to get the keys of their own home.

2. Discounts and Freebies

To sell faster, many builders take the advantage of the willingness to own a property of people. They offer cash discounts on the property or discounts in the form of relaxation on the registration and the stamp duty. The most common free gifts are gold coins, gym or club membership, various vouchers like travel passes, charge free amenities for a period of time etc.

3. Flexible payment options

To inspire the buyers, the builders keep the payment options open during this time. Many people are not comfortable in making the payment upfront. As such some developers offer no EMI for duration of time and some offer payment of balance on the possession. Such great propositions from the builders make the buyers feel like the King of the market.

4. Some extra features for the same price

Except for the cash discounts and freebies, many developers offer special features and furnishings in the house as the festival gifts. It ranges from a free modular kitchen, geysers, and AC units to the free parking space. As such, the buyer is already saving a lot; hence, buying the house becomes the most probable decision.

5. Bonus and the bank offers

You just got your hands on some bonus and what can be a better thing than to buy the house of your dreams. The banks also run various schemes which help the buyers with the lower interest rates on the loans. More money in hand and bank super offers results into the house buying decision for many people. One thing to be kept in mind, though. The builders respond more positively to the end users as compared to the investors. The aim is to provide affordable housing solutions to people and not become a steal deal to fill the pockets of the affluent. With the increasing neck to neck competition among the builders, you can get the best deal within your budget. Buy a property that fits your requirement not because it is available cheaper. For Tricity properties related queries you can contact us at Home Search.

OMAXE MULLANPUR- A NEW NAME FOR LUXURY LIVING

Omaxe-mullanpur

Mullanpur is in the midst of an exponential growth path and the demand for good residential projects is high. One such project is the Omaxe Project which gives a new meaning to the term luxury residential flats in Mullanpur, New Chandigarh.

Today where everywhere one doesn’t even want to open their bedroom windows as all you can see are dust, smoke and at the most the other residential or commercial complex nearby. Omaxe offers you a scenic view and a breath of fresh air like no other.

This most premium of projects offers new age 4 BHK flats in Mullanpur with a magnificence that is unparalleled. The facilities are all state of art and of international standards. New age lifestyle with amenities that rival the best of residential complexes anywhere in the world.

Omaxe, with its sprawling lawns, landscaped gardens; sculpted water bodies offers exquisitely planned 3 BHK flats in Mullanpur designed by the renowned architect.

Each apartment is designed with artistic perfection giving each of them a palatial essence with modern day aesthetics.

Omaxe, one of the most iconic residential projects in Mullanpur, Chandigarh is the most impeccably planned and promising project in the city. It offers a sprawling living cum dining area with new age classic design themes to suit your aesthetic tastes. The master bedroom has laminated wooden flooring.

Outdoor amenities includes a club, outdoor swimming pool, sports field, cycling tracks, senior citizen zones, community parks, Rain water harvesting, and well structured water bodies.

The Club has some excellent recreational options such as wellness spa, state of the art gym, health club, yoga and meditation centre, library with a reading room, cafeteria, kids’ zone, games room and play area.

 If you want to conduct your business in the luxury of the club then you can do so. The business centre provides conference facilities as well.

This exquisite and magnificent residential project in Mullanpur, Chandigarh has in proximity the Mohali International Airport, the Mohali Cricket Stadium and the World Trade Center.

This project has also taken into consideration all convenience and security aspects for home buyers. The project is well covered with CCTV Camera security for 24/7 safety, the building itself is built with seismic resistance materials.

Other features include vastu compliance, property staff, a shopping centre, an eco-friendly landscape garden, and rain water harvesting and sewage treatment.

If you are looking to buy best price flat in mullanpur please visit  http://omaxemullanpur.co.in/

Technology: The Game Changer for Real Estate in Indian Market

Technology: The Game Changer for Real Estate in Indian Market

The world is changing really fast due to technology, impact of which can be seen in every aspect of our life: be it at home, our work or shopping habits. The digital spin has made lives more dependent on technology. There has been tremendous growth of social media, e-marketing, web communication, advanced software, mobile apps, and sophisticated IT systems. The impact of these advancements can also be seen on real estate market. The technological online advancement has brought monumental changes in the Indian real estate market. From the real estate startups to property portals and developers, all are investing heavily in online advanced technology to ensure seamless customer experience.

Right from designing to the construction, marketing and sale of the residential and commercial projects, the impact of technology can be seen everywhere. People now a day’s take help of real estate apps to search and buy property in India. Technology in real estate sector has helped people find more economical and reliable ways to gather information. Some other facts of technology on Indian real estate market include:

Virtual realty videos: With the reducing global boundaries, there is more demand for residential property in India by NRIs. As these investors are not able to visit the sites physically, many developers in India are providing them real like experience through virtual realty videos of the flats. Some other examples of technologies used by the builders to give an overview of the upcoming project without even making a sample flat are 360 degree, Live-in-Tours, Retina, and Advanced Machine Learning.

Analysis, graphs and charts: Gone are the days when home buyers were dependent on the brokers or builders to get an overview of the location and project. Property apps provide them thoroughly analyzed and carefully designed graphs, comparison charts and other insights with just a few clicks. Cloud computing and data-driven statistical analytics are playing a vital role in making these charts interactive for home buyers.

Technology and Indian Real Estate

Technology and Indian Real Estate

Virtual sale: Now every person having a smart phone in his/her hand, so property sale is not limited to just the physical world. The investors now don’t hesitate in making transaction in the virtual world. Buyers also can explore various options virtually to short-list the properties. Builders are also taking help of real estate websites to reach out to the potential buyers with property details. Some brokers and developers are going a step further with customized and easy-to-use mobile applications for property search.

Quick and easy property selection: More than builders, the buyers and investors of real estate in India are getting benefited from the technological advancements. They now have an efficient flow of information at their fingertips. On the behalf of their preference of location, amenities, design and area, price they can choose a suitable project from thousands of residential projects listed on the real estate websites. This has also helped home buyers save their money, unnecessarily paid to the brokers.

Due-diligence: Easy and quick access to the up-to-date information, latest news, and important laws help investors and end-users make an informed decision. They now don’t rely on the information provided by the builders or brokers.

Since most of the real estate investors now use mobile phones to search right commercial and residential projects in India, it is the best time for the brokers, agents, and builders to leverage technology and gain maximum exposure. Further, the brokers need to keep a close eye on the emerging technologies and grab the opportunity at the right time to generate more revenue. The builder-broker community needs to realize that the investors are fast-adopting technology and they need to make up to this challenge in order to survive.

6 Points to buy property-investment in zirakpur

Here we do have smart tips to invest in Zirakpur….!!!

Zirakpur is a beautiful neighbouring city of Chandigarh. Zirakpur is witnessing the rapid growth in its real estate market because of numerous factors. So, if you are planning to shift from any city or investment. Looking for a lifestyle that matches up to your expectations, you can definitely o  pt Zirakpur, where you get capital appreciation as it is in developing stage like Gurgaon and Noida.

1-Amazing Connectivity: Zirakpur has a great connectivity with the major nearby cities of Punjab, Chandigarh(UT) and other states (Himachal Pradesh, Haryana). You can reach Shimla in 3 hours while Delhi in just 4 hours. It feels really amazing for outsiders in terms of moving to a new location.

2Healthy Environment: While planning to get a house for our family, it is very important to choose a place which is pollution free and has healthy surroundings. Zirakpur is a place fulfilling all these requirements. As its free zone from industries and Low Density Area i.e low rise buildings are permitted (example:-stilled+3 with lifts). You can get facilities like parks for children (Leisure Valley Park coming in 100 Acres) open areas, walking paths and more.

3Logistic & Warehousing Hub- Zirakpur – Tepla- Rajpura Belt to become logistic hub in Punjab. As Zirakpur is the intersecting point on the Shimla-Delhi-Patiala highway, so the state Government feels that it will develop as the typical hub for logistic & warehousing.  The state government to build cargo logistic centre in 725 acres in Rajpura, which in turn will make this region a Industrial hub and will also bring more employment.

4- Chandigarh International Airport– Chandigarh International airport now caters to 8 domestic flights (Indigo, Spice jet, Vistara, Air India & many more) & connects Chandigarh to 2 international destinations. (Sharjah & Dubai). As airport is now operating round the clock so more international flights to operate from Chandigarh Intl airport in coming months. 

-Expansion of runways from 9000 to 10,400 feet’s so that wide bodied aircrafts can operate from Chandigarh airport and can connect Chandigarh to International destinations like Europe, United States & Australia. More International Flights to operate from the airport in coming months Ex( Qatar Airways, Singapore Airlines, Thai Airlines, Sri Lankan Airlines, British Airways, Qantas Airlines. With International flights operating round the clock from Chandigarh airport will also bring more employment in Aviation/Cargo and ground staff sector.

-Chandigarh International airport will now be the hub for passengers from Himachal Pradesh, J&K, Punjab & Haryana. Passengers from these regions now don’t have to travel to Indira Gandhi International Airport ‘New Delhi’ to board the international flights.

– Instrumental landing system is getting installed so that flight can operate in low visibility from Chandigarh Intl Airport.

-When more flights will operate for International & domestic destinations, it will generate more employment in IT industry. IT employees/Professionals & clients can connect with Chandigarh easily and more IT employees will prefer to shift to this region.

5-Emerging City: Well reputed industries & corporates companies are coming up in this region which will definitely boost up the development of this region.

-HDFC corporate Office, Larsen & Toubro, Infosys Campus spread over 50 acres in IT City Mohali.

-Home to big shopping & Retail Outlets (Metro, Best Price/Wal-Mart Venture, Big Bazaar)

-Proximity to IT Hubs- Close to Chandigarh IT Park and Quark City Mohali, and IT city Mohali, Zirakpur is a reasonable housing option for office goers who are looking to buy flats in Zirakpur. 

-Educational Hub- Many Educational institution like SVIET(Swami Vivekanand College of Engineering & Technology), Chitkara University, SUS Tangori, & International School business in Mohali makes this region also the educational hub.

6- Master Plan Zirakpur -Municipal council has announced that Zirakpur will cut into 16 sectors. The map of each sector with the address of every house will also be available on Google. Now GMADA further acquire 5000acre to expand aerocity.

Happy Homebuyers, Karnataka RERA covers many ongoing plans

Homebuyers may stand to benefit from the provisions of the Real Estate (Regulation & Development) Act notified by the Karnataka government on Monday. It, among other things, brings a huge number of ongoing projects under the purview of the law.

The government had come under criticism for the draft rules published last week which said ongoing projects, where 60% development work had been completed or 60% of the apartments/houses/plots had been registered and executed, would not come under the purview of the Act.

 

If the OC has already been applied for, the building is exempt from RERA regulations.

 

 

 

Buyers felt that the provision gave a leeway to the developers to slip out and there was also confusion as to how a consensus could be reached on such an arbitrary number.

That part seems to have been addressed. As per the notification published on Monday, only ongoing projects “where all development works have been completed as per the Act and certified by the competent agency“are exempted from RERA. The 60% sale lease deed provision stays.

“We were not expecting this, “Shriram Properties managing director Murali said, when asked about his response about the rules. Sobha managing director JC Sharma said though the law is customer friendly, any retrospective law is bad and goes against natural justice. Most of my ongoing projects, where I have not applied for an occupancy certificate, will come under RERA, “Sharma said.

According to the notification, a builder can apply for an OC only if it has been certified by a competent agency -in this case by an architect. If the OC has already been applied for, the building is exempt from RERA regulations. “The rules are stringent because builders have to get in place waterlines, electricity lines and other things before applying for OC, “Suhail Rehman, director of Asse Builders, said.

E Suhail Ahmed, advocate and legal consultant at RERA Consultants, said the rules are not much of a dilution from the central legislation. “They are almost in line with the Act as far as its application to ongoing projects is concerned, “Ahmed said. If a project comes under RERA, buyers would be in a position to file a complaint in case there is a delay or if the building has not gone by the approved plans.

 

(This article was originally published in The Times of India)