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Developed Area Vs Developing Area for Real Estate Investment

real estate developer gurgaon

What would you have chosen – a developing neighbourhood or a developed neighbourhood? Of course, it is a developed neighbourhood!

Whenever you start searching for your dream home, you look for the proximity to the road, metro, rail and air connectivity. A developing neighbourhood may lack all these but a developed neighbourhood already has all these facilities.

Sohna Road in Gurgaon is one such place, which is a home to some of the most elite housing projects, corporate parks and educational institutions. It is approximately around 7-8 km from the DLF Cyber Hub and 14 km from Delhi International Airport.

The nearest metro station is Huda City Centre, which directly connects to Delhi, Noida, Faridabad and Ghaziabad. In near future, it has been also proposed that there will be an extension in metro connectivity from IFFCO Chowk to Manesar IMT via Sohna Road. The discussions are still underway for extending the metro line and connecting it to Jaipur, Rajasthan, but it is quite early to quote this development.

The proposed ISBT Gurgaon is 10 minutes’ drive from Sohna Road. Some parts of Gurgaon are still inhabited by the locals making it difficult for expats to lead the way of living they choose to. While some parts are influenced by local residents and are in denial for development, other parts are extremely developed and posh to look for affordable houses in these areas.

Sohna Road and Southern Peripheral Road offer a value proposition where the cost of living is low but equally promises to provide a lavish comfortable life and connectivity to the rest of the city.

In the midst of all these, Ocean Seven Buildtech came up with its affordable housing segment that is OSB Golf Heights in Sector 69, Gurgaon. Here the real estate developer aims to provide a comfortable lifestyle at a reasonable price.

Best affordable housing project OSB Golf Heights is surrounded with many renowned housing projects such as Tulip Lemon, Spaze Corporate Group, etc. which are already constructed and families and corporate have started operating from these places. This project is outlined in 5 acres of vast land with 2 iconic and 3 regular towers. These units have an attractive design and are going to have 158 1BHK and 628 of 2 BHK.

The expected date of delivery of these homes are set to 4 years from the date of launch i.e. in 2022. There are two entries for this project. One is 24-metre-wide road and the other is a 60-meter-wide road from the west side of the project. It is 1 km far from Sohna Road keeping you away from the daily honking of air-polluting traffic and providing the resident with a peaceful stay.

Also, not to miss the really important thing for the families. That is a good educational institution for their kids at the safe and close vicinity.

This locality has two very renowned schools such as Indus World School and The Vivekanand School. These schools impart very good standard of education and many existing residents of this area have already their ward in these schools.

With all the facilities in just a stone throw distance, what else would an individual look for in a residential project, is it developing or developed!

November 5, 2018 / by / in
For Properties up to 30 Lakhs, you can Avail 90% of Loan from Banks

Home Loan for OSB Golf Heights Gurgaon

The year October 2015 has spread waves of happiness among Indians after the Reserve Bank of India (RBI) announced the change in home loan policy. And this change of policy gave a significant boost to the slow real estate market.

The new guideline set by the RBI made buying an affordable housing unit a lot easier than before. Home loans for ₹ 20 Lakhs or less had a Loan to Value Ratio of 90% and the amendment in policy stated that the Loan to Value ratio (LTV) for home loans up until the value of ₹ 30 lakhs was raised to 90%.

Now some of you might be wondering what is Loan to Value (LTV) ratio. LTV is defined as the proportion of the property that the bank will extend to the borrower as a loan.

In short and simple words, it means that the bank will provide 90% of the value of the property as a loan to the borrower, which will ease his or her process of buying their dream home. 90% is the highest amount of loan which can be sought by a borrower and he or she also can consider opting for a loan value of less than 90% as per their needs and requirements.

After the initiative was taken by the Prime Minister Shri Narendra Modi towards affordable housing scheme under “Pradhan Mantri Awas Yojana” that aims at providing “Housing for All by 2022”, the sale of affordable housing units in Gurgaon and India witnesses a major improvement.

The circular of RBI followed a reduction in interest rates of home loans by India’s leading banks. It was said that this initiative will not prove beneficial for metro cities such as Gurgaon, Delhi, Mumbai, Bengaluru, Kolkata, etc., but after a review of the scheme, it was observed that metro cities and non-metro cities are performing well.

For example, Sohna Road in Gurgaon has become a hub of affordable housing projects in Gurgaon. The city is a major part of Delhi NCR and it is following an upward trajectory motion since the introduction of affordable housing projects in Gurgaon.

Best affordable housing in Gurgaon is OSB Golf Heights located in Sector 69 Gurgaon, which is just 1 km away from Sohna Road. Booking is open for this residential project and interested home buyers have an option to choose from 1 and 2 BHK apartments with essential amenities and conveniences.

The reduced LTV( loan to value Ration) has enhanced the capability of potential home buyers who are now ready to invest in the affordable housing segment of the real estate industry. The confidence in the buyers have gone up and the overall customer sentiment is redefining the world of real estate.

Soon, every Indian will have their dream home and nobody has to be scared in order to make an investment in the real estate industry. There are a lot of real estate developers in the industry who are working devotedly towards affordable housing market and one such developer is OSB group who has successfully delivered many affordable projects across India.

November 1, 2018 / by / in
5 new cities to be developed along KMP expressway

KMP Expressway latest news

The Government of Haryana has planned to develop 5 smart cities in the state. These will be on the lines of Singapore city and will be on the KMP expressway.

This was announced by the Chief Minister during a press conference last week. The minister was highlighting the progress and achievement of his government since he came to power in 2014.

He also mentioned that Gurugram will become a super smart city and his government has the necessary funds to develop the city.

As per the minister, work on all the 6800 announcements that he made as CM are complete. And for the announcements made in 2018, the work will be complete next year. Further, he said that 166 points have been achieved out of the 175 points mentioned in his election manifesto.

He also added that before BJP came to power, corruption was rampant in the state and the previous government had kept itself busy with less important issues like transfers etc.

31 laws have been enacted in his tenure and many obsolete policies are done away with. There are plans to do more and outlay more funds towards health and healthcare for the people in the near future.

There has been a marked improvement in teachers posting, with almost 90% of the teachers getting postings or transfers to their place of choice or in their native towns. The introduction of online transfer policy has brought about a lot of transparency in recruitments.

Moreover, basic facilities that are on par with urban areas have been provided in rural areas. Villages, under the Seven Star Rainbow program, would be given ratings on the basis of facilities available.

As per the CM, most of the villages have already been rated close to 6 stars.

 

Source: http://www.newindianexpress.com/nation/2018/jun/29/five-new-cities-to-be-developed-along-the-kundli-manesar-palwal-expressway-1835666.html

 

 

 

 

 

 

 

October 30, 2018 / by / in
Confused to Choose Between A Builder Floor and A Multi-storey Apartment?

Builder Floor and Multi-storey Apartment

With a plethora of real estate property options available in the market today, young home buyers are spoilt for choice. Real estate investment is attracting a major pool of millennial to invest in the properties. But where to invest in?

Affordable housing projects, premium and luxe villas, multi-storey apartments or a builder’s floor? All these options can put you in a great pandemonium. In this customer driven industry, real estate developers are closely monitoring the needs and demands of the customers so that they can fulfil their demands.

A report published in one of India’s leading newspapers “The Hindu” states that about 60% of first time home buyers prefer multi-storey apartments over an independent builder floor. To understand the whole scenarios, we have to go step by step. Let us discuss these 2 types of properties individually.

What is a Builder Floor?

A builder floor apartments are generally referred to low-rise buildings with 2-4 floors and each floor has provision for an independent dwelling unit. This provision overtakes the requirement for independent villas or bungalows.

An individual residing in a builder floor gets a lot of privacy and the real estate property is regarded as a luxury. But there are a few problems and risks associated with builder floor. You get to live a premium society but the high maintenance charge has to be managed by the home owner.

The real estate developer will not be paying for the maintenance. Apart from that shared and common amenities will be missing in such residential complexes. Carry out an extensive research and thorough planning before you invest in a builder apartment.

What is a Multi-Storey Apartment?

A multi-Storey apartment is the typical residential apartment that we usually come across. One floor can be shared by 2 families or so. The best part of this apartment is that it is affordable. After PMAY initiative, many reputed real estate developers have started their projects under affordable housing scheme.

OSB Group is known for delivering high-quality affordable housing projects across the country and has recently launched OSB Golf Heights in Sector 69 Gurgaon which is the best affordable housing in Gurgaon.

Multi-storey apartments have many advantages such as availability of a lot of essential amenities, conveniences for the ease of the residents. Millennials prefer a gated community life and that’s what is provided in multi-storey apartments.

If you have to choose between these two options, a multi-storey apartment should be the one on any given day due to all the facilities that come along with the home. Builder floors are often a middle path followed by individuals who find villas and bungalows expensive and who doesn’t want to live in tall buildings.

But multi-storey apartments are quite feasible in the real estate market of Gurgaon, Mumbai, Chennai, Bengaluru, etc., In addition to this, if you choose to go with a multi-storey apartment, you will find a large number of options to choose from. And apartments have always more chances of a resale as compared to a builder’s floor.

October 29, 2018 / by / in
Connectivity of Gurgaon: Explained in Detail

Coonectivity of Gurgaon

From an economic wasteland to a leading financial and technology hub, Gurgaon today is home to more than 250 Fortune 500 companies.

This evolutionary micro-market has become the most-sought-after realty investment destination for luxury as well as for affordable housing market. According to a report, the population of this city has almost doubled up between the years 2001 and 2011.

Recently, the ease of living index has placed the city on 88th position and this has sent shock waves among the residents of Gurgaon. The city is often publicized as a city, which has global standards and is marvelled due to its uber-stylish skyscrapers.

Gurgaon has become a hub of intense real estate activity over the last few years. And due to the emergence of huge commercial space and flourishing infrastructure, the city has an excellent transport and commuting system.

 This article is curated to throw some light upon the connectivity system of the millennium city – Gurgaon.

Major Roads

National Highway 48 is the major highway that connects the city to the major parts of Delhi NCR. Apart from that, the 136.5 km long KMP Expressway (Kundli-Manesar-Palwal), also known as Western Peripheral Expressway is an upcoming road, which will connect major cities such as Sonipat, Rohtak, Manesar, Sohna, Palwal, Jhajjar, Bahadurgarh, etc.,

Also, the Delhi-Gurgaon Expressway, which is 27.7 km long, connects Delhi to Gurgaon and is a part of the Golden Quadrilateral project.

Sohna Road, which is known as the hub of affordable housing projects in Gurgaon is only 28 km away from IGI Airport, 17 km from the railway station, and 12 km from the NH-248A.

Metro Route

Metro is the lifeline of the city. With a population of 876,900, the city relies on the metros for daily commuting and transportation.

The 49 km long Yellow-line metro runs from Samaypur Badli (Delhi) to HUDA City Centre (Gurgaon). It covers 5 stations within Gurgaon and those are Guru Dronacharya, Sikanderpur, MG Road, IFFCO Chowk, and HUDA City Centre.

There is a rapid transit metro system, 11.7 km long, which serves Gurgaon and act as a feeder link to the Delhi Metro. There are all total 11 stations, which are: Sikanderpur, Phase 2, Vodafone Belvedere Towers, IndusInd Bank Cyber City, Micromax Moulsari Avenue, Phase 3, Phase 1, Sector 42-43, Sector 53-54, Sector 54 Chowk, and Sector 55-56.

Railways

Gurgaon Railway Station serves the city and connects Delhi and Gurgaon. Apart from that, the railway route connects some of the major cities of India, such as Ahmedabad, Ajmer, Howrah, Jaisalmer, Jaipur, Kolkata, Mumbai, and Varanasi.

Recommended Post: 5 Reasons to Invest in Sohna Road

Bus

Gurugram Metropolitan City Bus Service Limited (GMCBSL) is going to launch 25 buses to cover a route of 25 km for the ease and convenience of the city residents. The buses will be launched by Diwali 2018.

Looking at all these commuting and transportation factors, we can say that Gurgaon is a well-connected city. If you are seeking the best affordable housing in Gurgaon, you may invest in OSB Golf Heights Sector 69 Gurgaon. This affordable and ongoing housing is located just a km away from Sohna Road. For more details, you may visit their website.

October 24, 2018 / by / in
“Festival of Lights” is the Prime Time of the Year for Buying Property

Diwali Investment Opportunity

Diwali is regarded as one of the most significant festivals in Indian culture and is celebrated throughout the country to signify the triumph of light over darkness. Firework displays are the main attraction of this festival.

This Diwali, make sure that your rocket soars high at your new home. Only the rocket will soar high not real estate prices as the affordable housing market in India is making dreams of millions of people in the country turn into reality.

Investing your hard-earned money into any other industry than real estate becomes quite sceptical. However, a real estate investment will hardly ever go wrong. Potential home buyers who are looking towards investing in real estate must take a plunge.

This article will give the readers and potential home buyers a few concrete reasons to invest in real estate property in Diwali 2018. Celebrate this season with your future.

An Auspicious Period

“Festival of Lights” is certainly considered very auspicious to embark your journey to attain something new. With Dhanteras and Laxmi Puja lining up behind Diwali, many people invest in gold or property.

This is the time when you take one more step towards your dream home. The year 2018 will be over in just a couple of months. Make the most of this year by booking your dream home. OSB Golf Heights in sector 69 Gurgaon comes under the category of affordable housing scheme of Gurgaon. Booking is open for potential buyers.

High Returns on Investment

Investment in real estate has remained as a most lucrative proposition in India especially in Delhi NCR. Since Gurgaon has a wide variety of affordable housing units, the area expects high returns on investment. Even housing rentals in the area are expected to witness a significant growth, which will boost the affordable housing projects in Gurgaon.

Access to Easy Funds

Every one of us eagerly waits for the whole year for Diwali to knock on our doors. We save money to do something special to keep up the festive spirit. Moreover, this is the time when we have an easy and hassle-free access to funds we need to invest in the real estate market.

We receive a bonus amount or increased pay hikes to celebrate. Often you also must have seen banks and other financial institutions offering heavy discounts on housing loans. Grab the opportunity and cherish with your loved ones at your dream home.

Triumph of Light over Darkness

Real estate industry of India has changed the way it used to work with a 360-degree approach now. It believes in maintaining transparency with the home buyers with the introduction of acts like RERA and Affordable Housing Scheme.

Affordable housing projects in Gurgaon are shaping the skyline of new Gurgaon. Therefore, Diwali 2018 is the prime time for home buyers to seal the deal buying or booking a home this time may save a huge deal of money that you can invest somewhere else.

Celebrate Diwali and Celebrate Life.

October 22, 2018 / by / in
Southern Peripheral Road is set to Fuel Real Estate in Gurgaon

Southern Pheripheral Road Gurgaon

Southern Peripheral Road, which is commonly known as SPR, is a 16km long and 150 m wide road. This stretch is drawing the attention of many real estate investors and home buyers due to its excellent connectivity to existing major commercial hubs.

The road also connects Golf Course Extension Road and National Highway 8. Connectivity has made this area an upcoming residential and commercial location in the National Capital Region. It serves as a crucial link between Faridabad-Gurgaon Road and is positioned as an up-market.

The location is primarily set to become an affordable housing micro-market with most of the reputed builders planning affordable residential units focused towards “Housing for all by 2022” mission. SPR is an evolving micro-market that foretells better days as the area expects high capital appreciation and yields high returns on investment.

A recent report released by The Times of India states that the affordable housing sector in Gurgaon is expected to witness a significant boost as 74 new licence approvals are pending with the DTCP. Department of Town and Country Planning is a nodal department that encourages healthy competition among various private real estate developers for urban development.

As per the report, it has invited fresh applications to build over three lacs affordable housing units.

Haryana revised its Affordable Housing Policy 2013 in October 2017, to extend a prevailing cap of 300 acres in Gurgaon district to 1,935 acres. This gave real estate developers who cater specifically to the affordable housing segment the much-needed boost. Because they claim that, there is a huge demand for affordable housing and an increase in the supply of the same will definitely attract buyers.

Even the government is helping the developers by approving the projects on time, as it will help the developers in the timely delivery of the projects.

Real estate developers who have their focus on the affordable housing market are coming up with new developments in the area. One such developer is OSB Group (Ocean Seven Buildtech Pvt. Ltd.). OSB Golf Heights in sector 69 is the upcoming project of the group, which offers one and two bedroom apartments.

This sudden boost in the demand for affordable housing is helping the revival of the real estate market. After the introduction of regulatory terms and acts such as RERA and GST, the real estate market of the National Capital Region had slowed down a bit.

However, affordable housing has acted as a catalyst and proved to be a major growth driver in the area, particularly, Sohna Road, Dwarka Expressway, Southern Peripheral Road, and Northern Peripheral Road.

SPR offers a host of commercial establishments, residential projects, entertainment areas, educational institutes, and has location advantages. All these factors will help Southern Peripheral Road micro-market to witness growth in terms of capital appreciation in the next few years.

Read Also: Affordable Housing – The Growth Engine of Indian Realty Sector

The market is set to see a phenomenal rise in transactional volumes, which would fuel the sales volume too. Southern Peripheral Road is a major part of New Gurugram that is fuelling the affordable housing segment of Delhi NCR as well.

 

October 16, 2018 / by / in
Draw Result OSB Ocean Seven Buildtech Sector 109 Gurgaon

OSB, Expressway Tower, Sector 109 Dwarka Expressway Gurugram Affordable Housing – Draw Results

LIST OF APPLICANTS(PREFERENCE -1 ) OF CAT 1BC1

LIST OF APPLICANTS(PREFERENCE -1 ) OF CAT 1BC2

LIST OF APPLICANTS(PREFERENCE -1 ) OF CAT 2BC1

LIST OF APPLICANTS(PREFERENCE -1 ) OF CAT 2BC2

 

Recommended Post: OSB Announces the Launch of its New Project

October 9, 2018 / by / in
Affordable Housing Units Draw Buyers to Gurgaon

Book 1 and 2 bedroom apartments at OSB Golf Heights

The latest census report says that the population of Gurgaon has increased by 74% between the years 2001-2011. The growth of population in an area has always been a major factor which scales up the demand for housing. With affordable housing scheme in Gurgaon, the demand for housing is increasing rapidly. OSB Golf Heights in sector 69 Gurgaon is an affordable housing project under the HUDA Affordable Housing Policy.

                OSB Golf Heights is conveniently located on Southern Peripheral Road (SPR) which is continuously drawing the attention of prospective buyers due to attractive and reasonable price and good connectivity. SPR stretches around 16 kilometers and ensures a better commuting network from Sohna Road and Golf Course Extension Road and further connects to the Gurgaon-Faridabad Road right up to the National Highway 8 near Kherki Daula Toll Plaza.

                OSB Golf Heights sector 69 offers 1 and 2 bedroom apartments which are thoughtfully-designed at a reasonable price. Prices of these curated living spaces start from ₹14, 83,000 and booking amount is 5%. Ocean Seven Buildtech Group (OSB Group) also offers an attractive time linked payment plan system to interested home buyers.

Located in the heart of Gurgaon, Sector-69, OSB Golf Heights is spread across 5.41 acres of land and has 5 towers to accommodate 158 numbers of 1 BHK apartments and 628 numbers of 2 BHK apartments.

“South of Gurgaon” is a much-preferred locality for affordable housing projects in Gurgaon. A home buyer doesn’t only study the locality while investing in real estate, there are other deciding factors too which needs to be checked before making any investment decision.

OSB Golf Heights has a host of amenities that include a fully equipped gymnasium, yoga ground, meditation room, walking and jogging track, multiple electric lifts, parking area, kids play area, retail and grocery store, trained security personnel, CCTV surveillance, fire safety alarm and fire extinguishers, 24 hours power and water supply for the convenience of the residents.

Sohna road is rapidly becoming a coveted residential area for people working in Gurgaon and other nearby areas in the NCR as it can be accessed through major roads such as the SPR, NH-248A, NPR (Northern Peripheral Road) and the KMP Expressway.

Recommended Post: The Rise of Sohna Road

Excellent social and civic infrastructure is widely available across the area such as world-class schools, colleges, hospitals, shopping malls, business hubs, industrial clusters, entertainment areas, etc., There are quite a lot of shopping malls nearby such as Omaxe Mall, Ninex Mall, etc.,

                Choosing OSB Golf Heights, Sector – 69, Gurgaon will be a fruitful and wise decision as the project is also surrounded by lush greenery. This affordable housing project in Gurgaon is all set to break the stereotype of affordable housing as it promises to provide a comfortable experience to its residents. Life at OSB Golf Heights is a perfect mixture of peaceful life and easy access to modern conveniences. Established in 2006, OSB Group is a reputed real estate developer who is on a mission to redefine affordable housing segment.

Must Read: OSB Group Launched Affordable Projects in Gurgaon

October 8, 2018 / by / in
DTCP says no to External Development Charges to realtors in Affordable Housing

External Development Charges in Affordable Housing

Is your realtor asking you to pay in the name of extra Amenities?

There you go, DTCP formerly known as Department body Town and Country has now issued a G.O to all realtors of the affordable housing project to not to charge any kind of extra Development charges other than what the buyer pay them for the flat in affordable housing project.

Having a word with the press they said,” CGST, SGST and other local taxes are completely different, that are to be separate and chargeable later.” The officials of the DTCP has fixed allotment rates for AGH units in all parts of the Haryana state, including Gurgaon city.

The officials also added that whoever been charged with the extra charges other than the plot or flat cost will have to claim so that to have a refund of the whole amount to AGH owners.

The director of DTCP, Haryana state, K Makrand Pandurang has passed all these orders on 1st October, after been receiving hell lot of complaints from the affordable housing project owners.

In the press meet he said that builders who had acquired licences under the affordable group housing policy of 2013 are asking the poor buyers to pay money in the name of extra Development charges besides allotment rates of the housing prescribed in 5th Clause of the government policy.

Recommended Post: OSB Golf Heights in Sector 69, a new destination for your dream home

The government policy  is follows with a fixed rate of 4,000₹ per square feet which also include of all extra Development charges in all parts of the state such as  Gurgaon, Faridabad, Panchkula and Pinjore-Kalka.

The prices varies as 3,600₹ per sq ft in towns of Haryana like Sonepat and Panipat, and 3,000₹ per sq ft in towns of Mewat and Sirsa. An extra charge of 500₹ per sq ft can be charged for spacious and extra balcony areas within or outside the area of the apartment.

Read Also: 52 Real Estate developers receives Notices from Haryana-RERA

So, buyers who have been charged excess can now avail the full repayment from the owners of respective Affordable housing projects.

Source:  TOI

October 6, 2018 / by / in