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Gurgaon Metros Impact on Real Estate Market
gurgaon metro impact on real estate

Delhi and NCR is home to a lot of people and Gurgaon is one of the emerging industrial cities of the national capital region. Today, with increasing commercial opportunities, people are flocking to Gurgaon in numbers every year. In turn, the demand for real estate has been increasing. Therefore, real estate developers are coming up with innovative commercial as well as residential constructions to fit in the growing population. Gurgaon has now come under the rail network as metros are connecting all the significant areas. It is having the longest rail network and all the humongous infrastructural projects are taken by Gurgaon.

Does the Construction of Metro Affect the Real Estate Pricing?

Development is always based on roads and construction of transportation means there will be other related infrastructural developments too. Therefore, keeping this in mind, if we consider the metro in Gurgaon, it is one of the finest ways of development. Many corporate sectors have set offices and a huge number of people travel for work.

Now, when it comes to real estate price in relation to the development of metro, it is evident prices do reflect the equation. It is because when Metro becomes operational, not only commercial but residential areas also develop and faces price impact due to better connectivity.It is this connectivity that enhances employment, and therefore the demands for homes also rises.

Once the Metro starts operating in a full-fledged manner, the nearby locality also develops. People open up shops, hawkers start businesses, and the demands for commercial and retail spaces also expand. Barren lands and open spaces are taken up by builders and altogether the entire neighbourhood entailing the metro area gets a restructure. Developers are in profit as there is a constant rise in construction work.

Metro Line Entails affordable Housing Gurgaon

The metro route to Gurgaon starts from Delhi’s Chattarpur, Sultanpur, Ghitomi, Guru Dronacharya, Sikandarpur, MG Road, IFFCO Chowk and Huda city centre. So the entire stretch is today a developed area and if you are looking for affordable housing project in Gurgaon, then you are sure to get some handy apartments.

Now, if you are searching for a housing complex near the metro, then there are ample options. For example, Huda affordable housing Gurgaon is one of the leading real estate projects and that can give you the best stay and living opportunities. With Huda, you can get access to limitless amenities for your housing and contemporary living.

Moreover, with the newly proposed link with Delhi, Gurgaon is on the verge of expanding the metro connection. It will start from the Airport Express network and will reach Dwarka Sector 21 and connect with the IFFCO Chowk station at the end.

Therefore, with the newly proposed plan, you can witness the growth of real estate as well as commercial estates. The price of real estate depends on the mode of transportation, the better the connectivity, the prices are likely to soar. Therefore, if you are planning to buy property in the metro area then it might be slightly higher than the other non-metro connecting neighbourhoods.

May 10, 2019 / by / in ,
5 Ways to Use Your Property for Rental Gains?

earn rentals on your real estate property

Turning home into a moneymaking property is a plan that every homeowner has. People who have an extra home may be because of inheritance also opt for rental property gains.

However, for any of these reasons, your home should be physically prepared and decked up. An appeal should be maintained to allure potential home renters to say yes to your home with just one look. Otherwise, it becomes a humongous task to find people who would choose your home to stay.

                Putting your property on rent to spruce up your financial life is what everyone does to come out of any debt spiral or to add an extra source of income. Having an extra source of income has not hurt anybody till date and is considered to be one of the foremost ways to save some money for your rainy days.

Listed below are 5 easy and fastest ways to use your property to earn rentals on your real estate property:

  1. Insurance

When you had purchased the property, you must have received a homeowner’s insurance. But that document alone is not sufficient for renting out your property. Therefore, update your insurance, a homeowner’s insurance policy for renters will prove to be quite helpful.

  1. Repairs

Check your home thoroughly and prepare a list of repairs your home needs. Make sure you prepare separate lists for minor and major repairs. Address the necessary repairing demands immediately.

  1. Upgrades

In addition to all that basic repairs and fixes, you can also remodel your home to jazz up it’s look and functioning, both at the same time. The internet is full of options if you want to carry out some minor and decorative ideas to uplift the entire atmosphere of your home. Take out some time, search the internet and explore ways to perform it.

  1. Property Manager

Now, you have to decide whether you want to hire a property manager or not. Their job will be to overlook your property, collect the rent, check and supervise maintenance, find new tenants if the current ones have given a notice period to vacate the house. Hiring a property manager can save you from the headache of all these struggles.

  1. Events

If you have a large farmhouse or a duplex that you want to rent out, you can always rent it out to people for events, shows, and concerts. Outdoor weddings have gained a lot of popularity in recent years. In this way, your property will be maintained and you will keep earning rentals over the year without any stress to find tenants.

 

Apart from all these tips and tricks for renting out your property, you can also think of buying a home in the affordable housing Gurgaon. Because a lot of people have been observed to buy a property here and later on they put it up on rent to families.

OSB Golf Heights is one such project that once can buy to rent out in the long run or one can treasure the property for their own use. OSB sector 69 offers modern 1 BHK and 2 BHK apartments with an easy Time Linked Payment Plan. OSB Golf Heights Gurgaon is one of the best locations to invest in real estate in Gurgaon as the area is located in Southern Peripheral Road (SPR). A recent report stated that this locality has witnessed a 6% rise in property prices in the last 4 years.

OSB sector 69 Gurgaon is a budget-friendly option to go ahead with. The area is brimming with schools, hospitals, banks, restaurants, malls, offices and it shares easy and seamless connectivity with the major areas of Delhi NCR.

January 16, 2019 / 1 Comment / by / in
Predictions of Real estate in 2019

It’s not an easy task to predict the present uncertain real estate market in India. It’s also not simple to find the ratio between potential buyers and sellers. As in 2019, many forces will pull this market back and forth which includes government policies, 2019 polls, the declining trend in the current ruling government.

We can’t precisely say that where the trend will be in 2019. Experts have different opinions considering major policy revival through the introduction of GST and RERA. There are also some amendments proposed for revising GST policies for under construction apartments.

Modi Government’s mission for “Housing for All” was a driving force after demonetization; however real estate market hasn’t fully recovered from the impact.

Real estate companies are showing more trends towards “Affordable Homes” despite luxury apartments past 2017. Also, through the integration of RERA, real estate frauds are declining and show a positive response from potential buyers.

Government orientations towards infrastructure growth have included sub-cities into the market. Real estate companies took this opportunity to offer facilitated property at an affordable price to buyers. New construction of roads and railway networks converted un-organized land into potential sites for upcoming projects.

Below we listed a few positive and interesting fact on the Indian real estate market as in 2018.

  • The net unit sales have been increased by 25% as compared to the first half of 2017 in major cities.
  • Housing for all and RERA pushed the new players into the market thus increased overall rise in new launches all over India.
  • New project launches steeped upward from 38,324 units in the last quarter of 2017 to 42,975 in second quarter 2018.
  • As per the report by Knight Frank showing 46% new launches and increased sales by 3% compared till the second quarter of 2017.

In Delhi/NCR, thriving masses to find jobs and new opportunities resulted in higher demands which also trigger good deals between supply and demand.

Gurgaon affordable housing is capped @ Rs. 4000/sqft. On the carpet area and we didn’t see any increase since 2017.

In India there is a continuous rise in lifestyle, people are rapidly moving from middle class to upper middle class. With a higher GDP and lower inflation rate, we see quick growth in the middle class who are expected to go for affordable housing. There is an estimated 70% growth in the number of individuals having a net worth of $50 million.

The overall real estate sector shows positive growth and likely to be a better option for investments in 2019. Housing for all till 2022 is still a driving force in this sector which is more focused on the middle-class group.

As per experts, Indian families are rapidly moving from lower class to middle-class group which will also add new potential buyers into the market.

January 8, 2019 / 1 Comment / by / in
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
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 / 1 Comment / 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 / 1 Comment / by / in
DLF to invest over Rs 1,400 crore in commercial project in Gurgaon

DLF To Invest In Commercial Projects In Gurugram

After getting an environmental clearance certificate from the Government,Real Estate King DLF Ltd is going to invest ₹1,400 crore for the development of a commercial project in Gurgaon to expand its office space by nearly 10 Lakh square feet.

In its new transit oriented development policy, The Haryana government has increased the floor area ratio. With these changes DLF applied for its development of increased built-up area in its ongoing Cyber Park project which is spread over in 12 acres of land.

As per the Official Document Published recently,

The approval from the Environment Ministry compliance with certain conditions and has given green signal for the expansion proposal made by DLF and taking into consideration of the recommendations of an expert appraisal committee.

Previously DLF had an estimate of ₹420 crores which now turned the minds of DLF to invest ₹ 1,400 crore to develop the Cyber Park project  According to the company they will now end up with leasable area of around 2.5 million square feet which previously had a rough figure of 1.7 million square feet.

This mega construction is to be located close to Cyber City, which has a lot of advanced stages where DLF has already took pre lease of about 60% of the area. The company has also bought another 12 acres of land in Gurgaon  for ₹ 1,500 crore to develop a commercial project, which will the company release its official Statement soon.

To monetise its rented commercial assets in gurgaon the promoters of the company recently sold 34% stake in DLF Cyber City for about ₹ 9,000 crore. India’s largest realty firm DLF has a commercial real estate of 3 crore square feet overall in Gurgaon

September 27, 2018 / 1 Comment / by / in
The falling rupees paved a way to boom in realty Sales

 Reasons For NRIs To Invest In Indian Real Estate

With the surging dollars, the real estate segment in India is drawing the interest of foreign investors. The rupee has witnessed a dip of around 13.04% since the beginning of the year which attracted several Non-Resident Indian (NRI) to buy residential real estates in India.

The rupee has been rolled down by 6.20% in last three months. This depreciation in rupee against the currencies like UAE Dhiram, Dollar, and Pounds is pulling in large investments in the Indian real estate segment. The builders are also developing world-class projects with state-of-art amenities to attract the foreign investors. Bengaluru, Kochi, Pune, Chandigarh and Chennai top the chart as the cities where NRIs typically prefer to invest.

Indian real estate sector has always attracted the investors across the globe and with the new regulatory environment, the home buyers have regained the confidence to invest in the NRI centric projects.

The transparency in the real estate with RERA 2016 (Regulation & Development) Act, 2016, Goods & Services Tax (GST) and strict implementation of Benami Properties Act with amendments has aroused the interest of NRIs in the segment.

In year 2012, the property sales contributed by the NRI segment surged at 25% from usual 10% as the rupee witnessed a downfall by 17.37% between February to July during the same time. It has been considerable observed that whenever rupee experiences a steep depreciation against various currencies, the contribution of NRI investors in Indian Realty spikes.

Must Read: Rediscover Affordable Housing Gurgaon at OSB Golf Heights

Various reforms introduced to the real estate sector in last two years leads to slow down in sales but with the constant fall in Indian currency have allured the NRI buyers to invest.

The year is expect to witness the same swing as it experienced in year 2012. Property prices observing a low by 10% to 15% together with currency devaluation adding another plunge by 10% to 15% makes the real estate segment a lucrative proposition to invest.

 

Source: The Economics Times

September 25, 2018 / 2 Comments / by / in
Factors to Consider When Buying a Second Home

Buying a Second Home

Working in a different city miles away from your hometown, always reminds the employees to have an own home in the workplace city, so as many of the IT, e-commerce employees look for a second home mostly in the metropolitan cities.

To have an idea is great thing now, mandatorily and most important thing is that what factors has to be there to buy a second home

Let’s have a quick and brief reviews of the factors:

  • High loan Interest rates:
    Repaying your loan is never easy because at the end one will end up paying more money to the banks than initially took. This completely depends on the interest rate one is paying every month. So one should have clear knowledge on credit score and credit availability so that one avail a loan on the basis of credentials they get.
    Pros of this loan is that just like first home’s loan people will also get loans with tax-deductions ensuring that the second home will be regular time based use and not a guest house kind.
  • Choose payment options wisely:Loan repayments, if taken can be paid with a period range of 15-30 years. However, it completely depends on what someone can afford monthly installments. Fact is that A 15 year tenure repayments will come with higher monthly payments compared to 30 year tenure of repayments.
  •           Buying a Guest House isn’t that easy:Banks assumed that if a customer or a person who’s trying to buy a second home must already have achieved a financial status to afford lot of things. However, second housing buyers have must divide their income among their daily expenses and their secondary expenses such as previous home loans or miscellaneous loans.

Banks might ask the loan lenders for a breakdown of all his assets. With an average a credit score of minimum 725.

Rents: Having a rented second is always an option during financial crisis.

Recommended Post: 5 Reasons Why Gurgaon is a better place To live than Noida – Affordable Housing Gurgaon

So that one can file the appropriate taxes for any rental income. And obviously one should consult and hire an expertise of tax accountant for tax breaks & obligations with rental income opted people.

It’s always fine and better idea to have a second property which will remain worth it in the end for all your hard work

September 19, 2018 / by / in
5 Reasons Why Gurgaon is a better place To live than Noida

Why Gurgaon Is A Better Place To Live

National capital region most upgrading cities are definitely Gurgaon and Noida these cities have completely seen tremendous development. Both Noida and Gurgaon has been a real estate boom for many of the investors in the country especially DLF.

Gurgaon, the heart of Haryana state although planned on a sudden, has seen immense development  is at its best and the arrival of a large number of IT/ITeS, industries and shopping complexes and especially the ongoing Real estate sector all over the city proven results the city has been attracted a lot by the new investors as well. Whereas Noida, a city in Uttar Pradesh also proven one of the best in on going developments in India.

Hence in both these cities the share raised in the property and the value of land prices shooted up the graph and has been proven that the investors are filling profits in their pockets. With proven records and reports it is very difficult to judge what will be the better city amongst the two Gurgaon and Noida.

But, globally speaking Gurgaon tops the list in the country with highest profits to investors and taxes for government in the state compared to Noida. Although noida has vast area and better infrastructure as compared to Gurgaon, most of the MNC’S, IT’s, ITeS are likely to get settled in Gurgaon. Therefore the real estate sector serves and offers the best to people mostly in Gurgaon.

Let’s take a look on how Gurgaon the best city compared to Noida :

  • Global Destination and Development :

When it comes to Development and building new infrastructure such as skyscrapers, Rapid metro, public transport facilities, shopping malls and recreation centres.

Gurgaon is lot better although both these cities are rapidly growing in real estate. Most of the IT companies are here, so as employees from different states who has been working in them are desperate in need of a home, preferably in gurgaon. In Gurgaon most of the Indian and International IT companies got established also became the preferred destination for 50% of the top most Fortune 500 companies in the world.

  • Development in Infrastructure :

Although these cities have passed through humongous growth in the commercial and residential infrastructure. Gurgaon became the best preferred sector for skyscrapers, with the maximum support of the Haryana Government. Noida been planned with wider roads, water facility, better road transport and residential sector. It is still considered as a developing town with the sectors that laid out for residential sections and ongoing small Developments.

  • Civic Engagement :

Haryana city Gurgaon is far better and preferred for its entertainment venues, wide range of restaurants and pubs. The nightlife is lot entertaining and iconic for youth as compared to Noida. According to police reports and FIRs registered in last year’s, the crime rate in Noida is high, which is why most of the intelligent youth doesn’t prefer the city.

The shopping malls are more in number in Gurgaon, yet The Great India Place one of the biggest malls in the country, is situated in Noida. Mega and Ultra Luxury projects are available and are being constructed in Gurgaon which made it the best in living.

  • Health and Education Facilities:

Leading Hospitals like Apollo, Fortis, Medanta multi speciality hospitals are situated Gurgaon which made the city the leader in Health. Noida is behind Gurgaon although it has health care hospitals like Fortis, Max health, Kailash, Apollo. Noida tops in education concerns, Colleges like Amity, UP Technical University, MTU and many other technical and B-schools are established and running successful in Noida and is also known for one of the cleanest cities in India.

  • Domestic and International Connectivity:

Gurgaon has better connectivity with rapid metro and yellow line Delhi metro which Noida lacks in good connectivity. Just 15km away from Indira Gandhi International airport, Delhi it connects easily too many International tourists to the city

Having their own pro and cons side by side Gurgaon is far ahead as compared to Noida or greater Noida in prospective with real estate investors and buyers with open spaces and a lifestyle with easily obtainable. If some real-estate agent has to choose one among these with huge profits and boom, Gurgaon will be the first choice without second thought.

September 13, 2018 / by / in