Tuesday, May 5, 2015

Rahul Gandhi attacks Modi Government’s Real Estate Regulatory Bill. Is he right??

Real Estate Regulatory Authority Bill is facing tough resistance from the Congress Party. Congress Party Vice President has taken up the cause of middle class home buyers. Congress Party is of the view that the bill in its current state is anti-home-buyer and pro builder.

Last Saturday 2nd May 2015, about 200 home buyers who have grievances against builders met Mr. Rahul Gandhi at Congress Headquarters. The problems highlighted by home-buyers ranged from delay in deliveries of flats to shortchanging by the developers.

Congress opines that some amendments to their bill have been made which are pro-builders.

  1. Definition of Carpet area has been changed. As per the bill passed by the Congress party, carpet area was ‘net usable area’ in an apartment, excluding the walls. Now, it has been amended and the ‘net usable area’ will be ‘rent-able area’ as defined in National Building Code 2005 or its later versions.
  2. In the bill passed by Congress government, builders were not allowed to change the sanctioned plan once it was approved. Now it has been amended and minor changes are allowed by informing the buyer. 
  3. In the bill passed by the Congress government, it was difficult to get extensions on project deadlines. However, it has been amended now and builder can seek extensions‘…due to force majeure or under such conditions as may be prescribed, which may include issue of completion certificate, approvals etc. without default on the part of promoter…’
  4. In the bill passed by Congress government, a builder had to keep 70% of the money collected from home-buyers for the project. Now it has been amended to 50%.


Well, the points made by the Congress party are certainly in the interest of the home-buyers. However, we need to look at the whole picture comprising of Home-buyers, builders, and authorities.

Let’s take an analogy. A car comprises of fuel injection mechanism and exhaust mechanism. Fuel goes in the engine and burns and produces emissions. If fuel is of good quality and is mixed appropriately, then, we have a complete combustion and there are no toxic emissions.

As things stand today in real estate sector, we won’t get the solution if we focus only on the exhaust side. Because make no mistake, howsoever, we may try to fix the problem at the exhaust side, we won’t get the solution. There will always be toxic elements.




What we need to do is ‘fix the problem at the Fuel intake side’. And that means, taking into consideration all stakeholders including the builders, home-buyers, and authorities.



What are the ingredients for ‘Good quality of Fuel’ at the intake stage?

  1. Make Land acquisition process smooth and transparent.
  2. Digitize land records in order to eliminate title disputes.
  3. Single window clearances for realty projects. As things stand today, a developer has to take 40-60 approvals depending on the state. This whole process of taking approvals delays the project and increases the cost. By some estimates, project cost will come down by 20% if we have a single window clearance mechanism in place.
  4. Independence agencies to inspect the project during construction phase in order to make sure that project is being constructed as per the ‘National Building Code’.


Having the right Fuel at the intake stage will make sure that construction of the project is smooth and on time. There won’t be any discrepancies.

Thanks!

Saturday, May 2, 2015

Kisan in Demand! Are Political parties such as Congress, AAP, and others in opposition right in keeping Kisan a Kisan?

Kisan in Demand

In the name of Kisan, major political parties are organizing mega rallies. Congress Party organized a Kisan rally in Ramleela Maidan in Delhi on 19 April 2015. Aam Aadmi Party followed the trend and organized a rally on 22 April 2015. Gajendra Singh of Dausa (Rajasthan) died at an Aam Aadmi Party (AAP) Kisan (Farmer) rally in New Delhi on Wednesday 22 April, 2015. The rally was organized by Aam Aadmi Party and its leader Arvind Kejriwal against the Central Government’s land acquisition bill. Gajendra Singh, a farmer from Nangal Jhamarwada in Bandikui of Dausa district, ended his life by hanging himself from the tree during the rally. And as expected, the blame game and politicization of issue has begun. Well, what we are witnessing today is the recreation of ‘Peepli Live’ in Delhi.

Various theories are floating around as to why Gajendra Singh ended his life. Was it because of crop failure due to unexpected hailstorm and nonseasonal rain? However, local officials said crop loss in Gajendra’s area had been between 20-25%, far less than the damage in many other parts of Rajasthan. Well, investigations have been ordered by the home ministry and we will get to know the truth in coming days or weeks.

However, Gajendra is not alone in this battle. Suicide has spread like an epidemic among the distraught farmers. About 158,745 farmers have taken their lives since 2004 till 2013 and 86.5 percent of farmers who took their own lives were financially indebted.



Do these so Called Pro Poor and Pro Kisan Parties really care about Farmers issues?

Now, the question that needs to be asked from so called Pro Poor and Pro Kisan parties is, ‘Should the farmer remain tied to farming for generations and live in poverty’?? A closer look at the world data tells us the complete picture:





It is clearly evident from the Graphs above that rural population & employment in agriculture in India needs to come down to China level or world level. There are simply too many farmers working on the farm and they need to be put in industries to lift them up from abject poverty. To increase per capita income, to improve people’s livelihood, jobs and employments need to be created in a massive way. And Focus on Manufacturing can help in lifting millions out of poverty.



And the parties such as Aam Aadmi Party, Congress Party shall introspect and not oppose land acquisition bill just for the sake of opposing it. The bill must be debated and passed in a given time frame for rapid industrialization in India. Most farmers approach MPs and MLAs for jobs for their children in industries and not for working in farms. However, the very same farmers are incited by these parties for political gains. The focus shall not be on Bills in parliament; instead, the focus shall be on ‘how to lift people out of poverty’?



Land Acquisition Bill

In this political slug-fest, Land acquisition Bill has now become a hot potato. Congress, Aam Aadmi Party, Left, and Janta Dal have all united to oppose the bill in Rajya Sabha. Congress Party is in such bad mood that it is opposing the laws mooted by them in first place. They failed to deliver on those laws is another matter.

For moving millions out of rural areas to urban & semi urban areas, government needs to build capacity. And by Capacity building, we mean, developing industrial corridors, housing, roads, power generation, and irrigation. And all of this capacity building needs to be implemented at a fast pace because Kisan cannot wait for entire generation to move out of poverty and live a dignified life. 

In this context, Land acquisition becomes vital. Land is required for all these capacity building projects. India is in sweet spot at this stage among major world economies and domestic as well as foreign investors are willing to pump in the money to build infrastructure projects. However, land acquisition is major issue for these firms with many of them postponing investment in projects citing land acquisition problems. There are suggestions by some corners that these industrial enterprises shall purchase the land directly from the farmers. However, it doesn't seem feasible in India because of disputed land titles. And this is where Government has to step in to acquire land and then invite industries to build projects.

So, what are the main issues that Opposition Parties are against in the amended Land Acquisition Bill?

Till 2013, Land acquisition in India was governed by The Land Acquisition Act of 1894. However, following the controversies of Singur in Kolkata and bhatta parsaul in Uttar Pradesh, the UPA government in 2013 brought in a new bill called ‘Right to Fair Compensation and Transparency in Land Acquisition, Resettlement and Rehabilitation (RFCTLARR) Act’ to repeal the 19th century act. However, Industry players objected in unison saying the bill was too draconian and the bill will make sure that no land is acquired in the country thereby halting economic development.

After the NDA Government under Mr. Narendra Modi came to power, the focus shifted to industrialization in order to create jobs and economic prosperity. The new government decided to bring in following amendments to UPA Land Bill of 2013:

According to PRS Legislative Research these are:
  1. Excluded Acts brought under the RFCTLARR Act: According to the Act 2013, 13 Acts were excluded from the RFCTLARR Act but with the new ordinance they are now brought under its purview. Thus, it brings the compensation, rehabilitation and resettlement provisions of these 13 laws in consonance with the Act.
  2. Removal of consent clause in five areas: The ordinance removes the consent clause for acquiring land for five areas - industrial corridors, public private partnership projects, rural infrastructure, affordable housing and defense. The ordinance also exempts projects in these five areas from Social Impact Assessment and acquisition of irrigated multi-cropped land and other agricultural land, which earlier could not be acquired beyond a certain limit.
  3. Return of unutilized land: According to the Act 2013, if the land remains unutilized for five years, then it needs to be returned to the owner. But according to the ordinance the period after which unutilized land needs to be returned will be five years, or any period specified at the time of setting up the project, whichever is later.
  4. Time frame: The ordinance states that if the possession of acquired land under Act 1984 is not taken for reasons, then the new law will be applied.
  5. Word 'private company' replaced with 'private entity': While the Act 2013 stated that the land can be acquired for private companies, the ordinance replaced it with private entity. A private entity is an entity other than a government entity, and could include a proprietorship, partnership, company, corporation, non-profit organization, or other entity under any other law.
  6. Offence by government officials: If an offence is committed by a government official or the head of the department, then s/he cannot be prosecuted without the prior sanction of the government.
The Congress Party, Aam Aadmi Party, Left, Janta Dal are against these amendments. Recently, Rahul Gandhi in Parliament even termed the government anti poor and pro corporate.

Is Corporate really a Bad/Dirty word??

Citizens of this country answered in big numbers that we want economic growth by voting for Modi Government in 2014 elections. If Congress Party was Pro Poor, they would not have lost the elections so badly. Because make no mistake, the real power in India lies with poor. Now that poor has voted for Modi Government, the opposition parties shall introspect and not halt economic progress of the country.

Is ‘Profit’ a dirty word? Why would an industrialist take all the risks and set-up factories if ‘Profit’ be labeled as dirty? On the other hand, so called pro poor parties shall answer; is ‘Poverty’ a virtue? Since Independence, more than 65 years have passed by and pro poor parties are still shouting pro poor slogans. What did they do to lift poor out of poverty? Take a look at China & other countries and how they have successfully lifted millions out of poverty.

Ask any farmer from the Greater Noida (Noida extension region) about their land. And they all will tell you, that they are happy to sell their lands. Son of a farmer who was working for Rupees 4000 a month is now driving an Audi. Sanand in Gujarat has also witnessed such boom after Tata set-up their Nano plant. Manesar, Bhiwadi, Daruhera, and Greater Faridabad are other such examples where farmers have benefited from industrialization. As depicted in chart (employment in agriculture sector in India), millions of farmers need to move out of farms to work in industries for better livelihoods. Farms can simply not feed such a large population.

Market Place Economy:

We no longer live in a capitalist economy as termed by some Congress and Left members. Instead, we are moving towards market place economies. Anyone with entrepreneurial spirit can succeed. Capital is available for innovative business ideas and business models. Merit is the need of the hour and not doles. The more efficient or skilled one is, the more prosperous one grows. Therefore, keeping farmers on farms is nothing but hindering their growth.

Land Acquisition is an important legislation and must be communicated well by the central Government. It’s not about land acquisition; it’s all about removing poverty from India. Moving towards industrialization will mean more tax revenues for the government which then can be used for social welfare schemes for the benefits of poor.


The new Nara (slogan)

Jai Jawan Jai Industry

Author: Sachin Gupta LinkedIn


Friday, May 1, 2015

Power of Attorney in India

Power of Attorney is used in many real estate transactions in India. In fact, there are instances when people opt for Power of Attorney instead of the property registration to save on exorbitant property stamp duty and registration charges.

The literal definition of Attorney is ‘a person, typically a lawyer, appointed to act for another in business or legal matters’. Therefore, in real estate transactions, a typical Power of Attorney would mean one person authorizing another person to act on his/her behalf as a legal representative to make binding legal and financial decisions. The person who gives Power of Attorney is known as donor or Principal, while the person who receives the Power of Attorney is known as Agent or holder.

In Delhi, many real estate transactions take place on ‘Power of Attorney’. Since property circle rates in Delhi are extremely high, therefore, there are people who opt for Power of Attorney to save on stamp duty and registration charges. However, there are risks attached to such transactions in case the Agent or holder does not discharge his/her duties accurately and honestly. For example, if the Agent or holder defaults on EMIs on a given property, then, the Principal’s property may be taken over by the authorized bodies by issuing a SARFAESI notice and auctioned for recovery of dues.

More on Power of Attorney can be found below:


Monday, April 20, 2015

Innovation in essentials of construction materials

Civil engineering is raving up fast with new innovations being made rapidly. From sealants to adhesives, from wall solutions to roofing, it is getting environmental or technological friendly with every invention, which is indeed need of the hour.
Innovations in construction material industry are imperative to better manage the construction process and boost efficiency as well as provide cost-effective solutions. It also minimizes construction time along with adding durability factor.
Presenting to you with such 5 mind-blowing innovations that have brought new face to buildings-


  • Dryfix, a revolution in masonry-

Dryfix is a revolutionary bond (or glue) that is a complete wall building solution and is highly superior to the traditional mortar used by masons. Unlike mortar, which is messy to work with and takes days to settle and requires loads of water for curing, Dryfix is a strong adhesive bond that requires no curation and is ready to use. With this innovative product you can build walls almost 50 percent faster. It is easy to use and leaves no debris to be dumped. It is also seasonally independent and cost-effective. Porothermdryfix drastically reduces gaps and joints, hence leaving no thermal bridges.

Image Courtesy: Wienerberger


  • Bamboo corrugated sheets, a boon for people residing in earthquake prone areas-

Bamboo is well known for its robust and versatile nature. Bamboo, one of the best substitutes for wood, which is on the verge of getting extinct, is being extensively used in constructions, especially the low-budget buildings.  Its versatility allows it to be made into different forms like mat board, mat veneer composite, etc. among which bamboo corrugated sheets for roofing has highest merits. These bamboo roof sheets are the perfect substitute for asbestos and galvanized steel sheets used for roofing, particularly in the earthquake prone areas. They are lightweight, natural, energy-efficient and cost-effective, which also falls under green construction materials.

ImageCourtesy: www.habitat.org


  • ‘Green wood’, the story of rages to riches!

Green wood’, an innovation by par, a 16 years old Delhi based girl, has made these bricks out of unwanted rice husks and straw mixed with resin which are then pressed to form particleboard. They’re believed to be free from fungi and mould and can be used for construction purposes. Alternatively, it can also be used as substitute for wood for making low-cost furniture.


  • Hollow bricks, a smart innovation for fast and easy construction

Hollow bricks, yet another innovation in essentials of construction materials has successfully raised the process as well as the buildings to a whole new level. With hollow bricks the construction is fast due to uniformity in the make and pattern of the bricks. They are bigger compared to traditional solid bricks and hence reduce the joints thereby consuming less masonry, which helps to cut costs. They’re light in weight, which makes handling easy and speed-up the process that further reduces the cost. Since they’re made of natural resources like clay it helps in reducing energy consumption by providing a means for thermal insulation.

Image Courtesy: Wienerberger

  • Bricks born from ashes, all in one rural area
RHA (Rice Husk Ash) brick is the brainchild of a farmer who believes in natural farming based in Kanchipuram. In the urge to prevent farming land turning infertile due to dumping of rice husk, this genius who has won rural innovation award started making these bricks.  These bricks can be done easily by combining RHA with sand, quarry dust and some cement. They are low-cost bricks and helps conserve the environment.

  • Bagasse Particle Board as innovative laminated flooring- 
Bagasse, the leftover pulp of sugarcane after the extraction of juice can be used as a substitute for wood in particleboard. Bagasse is generated in large scale especially in sugar mills which otherwise go waste. Though bagasse is the core material used for laminated floors, it doesn't provide enough strength on its own and has poor water resistance. However, when combined with resin, which acts as bonding agent along with wax that is used as dimensional stabilizer, these particleboard can be used for laminated flooring. Further, bagasse based partial boards can also be used to make furniture which are not only Eco-friendly but also cost-effective.

All these innovative building materials have brought a wave of change not only in terms of saving environment by reducing use of concrete, wood and other traditional resources, but have also provided architects room to think creatively to inculcate green concept in their designs.   

This is a Guest Post by Wienerberger, the world leaders in Building Material solutions, present across 30 countries and 215 manufacturing units across the globe, provides complete solutions to our clients by delivering smart building materials and smart solutions. 

Friday, April 17, 2015

Find your home in Sector 107 and Sector 168 in Noida by Sunworld

SUNWORLD ARISTA at GH-1C, Sec 168, Noida Expressway is a well-designed residential complex by SUNWORLD Developers Pvt. Ltd.

Built next to some of the renowned IT parks and schools within reach, it links to the Apollo Hospital at a mere distance of 15 minutes.

It comprises of two kind of apartments (3 & 4 BHK and Studio Apartments).While the 3 & 4 BHK Apartments have been categorized into four types (3BHK – 1750, 2100, 4BHK – 2700, 3500 Sq. Ft.) based on the area ,the Studio apartments are fully furnished covering an area of size 615 Sq Ft. and provide much of the basic amenities plus a few luxuries as well.

The architecture is a blend of two eras, the design of the 19th century Britain spiked with the privileges of the 21th century. The place being arranged with the sport lovers in mind also provide a soothing Yoga and Meditation area for the calm and composed.

The Developers provide two kinds of payment plans for the convenience of its customers which include the 60:40 plan and the down payment plan. The prices vary depending on the preferences made such as the choice of the floor and the view.

The builder also offers a wide range of other projects including the Sunworld Vanalika and more.



SUNWORLD VANALIKA, another project by SUNWORLD Developers Pvt. Ltd., located in GH-1B, Sector -107 (opposite Sector-47), Noida is a finely designed residential complex, crafted specially for those who want to stay close to the nature.

The project comprises of 3 &4 BHK Apartments and has been divided into four categories (3BHK - 1405, 1730 & 4BHK - 2650, 3400 SQ FT) based on the area plus the design.

Surrounded by a 20 m long green belt, it provides all the basic facilities like ample parking space, swimming pool, amphitheater, play courts and much more, with the main attraction being the serene landscape that soothes one’s mind and soul.

It further connects all the major necessities involving banks, food courts, hospitals and schools via a 10 or 15 minute route with the major landmark, the ATTA Market located at a distance of 550 m.

It comes with two easy payment plans, one being the 40:60 plan where 60% of the total amount can be paid at the time of possession and the other being the 25:75 subvention payment plan.

The prices vary according to the preference of the location. Some of the towers are even completed and ready for possession.


For Bookings, Click here



Monday, April 13, 2015

Buying your second property? Here is the checklist

Second home, a nomenclature designated to vacation house, investment house, or simply a home for the extended family. Whatever name you call it, second home market is developing as a cash cow for the investors and developers alike. Let us look into the concept of home away from home in some more detail and see a checklist to help make it a profitable venture without burning a hole in your pockets.

Buying a second house is very similar to buying the primary residence to some extent. However the dynamics might change depending on the purpose for which the property is bought. The purchase of such houses depends mostly on disposable income, as they are bought to match the lifestyle choice more than the primary need. Thus a lot of other things like purpose, affordability, and location etc. come into the picture.

For someone planning to buy a second house, hundreds of things need to be considered. It has been observed that it all comes down to a few basic points like purpose, affordability, location, and some other similar factors.



If you are struggling with the decision of whether or not to buy a second house, here is a checklist of decisions that you will have to encounter in order to take a sound decision. Give them a thorough thought before you go ahead and buy a house.


  • Buy an age friendly house

Investing in a retirement house is also a very common thing. If that is your plan and you have decided on living in the second house, opt for an age friendly house. The amenities offered by the project will play a major role here. For a house that you plan to retire in, it should have all the care facilities, ATMs, shopping complexes, etc. in close proximity.

In India, places like Pune, Bangalore, Chennai, etc. are seen as age friendly cities. So if you plan on retiring in comfort, buy an apartment in Bangalore or opt for a house in Pune or Chennai.


  • Think about the location 

It is one of the main considerations that second-home buyers take. The first part is to decide whether to invest in your city or buy a house elsewhere. Factors like safety, property values, rate of returns, etc. hold importance in deciding the location.

For those looking to buy house in the same city, pointers like purpose, location, and neighborhood plays a major role.

If you plan to buy a house for investment purposes, go for areas near metro routes or high on physical infrastructure front. In a country like India, where the real estate developments are on an all-time high, there are a number of profitable options available to you as second house destinations.


  • Purpose of the second house

The purpose of buying a second house should be clear before you make the investment. Decide whether you are looking for retirement house, vacation house, or for investment needs. The location, price of project, and future of the property depends on this choice.

When buying house for vacation, the factors like returns, neighborhood etc. are overridden by luxury, comfort, and status-quo. And when you buy a house for investments, the exact opposite happens.


  • Finances 

The main concern when buying a second property is Finances. If you already have the first property going on EMI, it is important to decide whether you want the second property on EMI too, or you want to pay the loan off on the first one and start a fresh loan scheme.

The affordability should always be given a priority. Avoid keeping both the property on loan. Have a good portion of the income with yourself to handle any exigencies with ease.


  • Decide what happens with the old house

It is closely related to the purpose point. Before you buy the new house, decide what you are going to do with the old one. It is seen that people often live in the new house and put the old one on rent. Do proper house-benefit analyses before you decide on something. The pricing and EMI is the first thing that will directly affect this decision.

Before you finalize something, work on the tax benefits and insurances, to get a clearer picture of what is beneficial for you.


  • Land vs. Apartment

Another important decision to take is Apartment vs. Land analysis. People who have already acquired a piece of land prefer to buy an apartment as their second house, and vice-versa. Again factors like purpose and affordability, finances play a major role here.

Along with huge tax benefits and a place for retreat or simply a source of extra income, second homes offer a number a benefits to the owner. However, the intensity of decisions in terms of how crucial they are increases in the second time round. Before you start searching for properties, go through the checklist and take a calculated decision.

This is a guest post by Tripti. Tripti writes on the behalf of 99acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman and a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time. You can reach her on LinkedIn.


Friday, April 10, 2015

Find your home in Sector 78 and Sector 79 in Gurgaon by Raheja Developers

Raheja Ayana Residences

Nothing less than beautiful, serene, and mesmerizing is what describes the Raheja Ayana, latest launch by Raheja Developers.

With its interiors done by La Sarogeeka, India’s only Luxury Interiors MNC, the housing society indubitably typify opulent lifestyle.

Sprawling across 5.16875 acres of land, stationed at Sector 79B, Gurgaon, the housing project connects to the IGI Airport via a 22 km route and NH8 via a 3 Km distance.

With this new invention, the developer plans to pamper its customers with technology driven, ultra-luxurious, smart futuristic homes in the lap of nature. The placid view of Aravallis from the Balcony open wide, feels like residing on the Paradise on Earth.

Presenting the Housing Society with a Bungalow look, the residents are allowed to capture a complete floor of their own flaunting their individuality.

The apartments are available in sizes:-

  • 3 BHK (Sale-able Area)
Plot Size (Sq. Yd.)/
Floor Size (sq. ft.)
T4C
(358.8)
T4D
(338.95)
T5E
(398.9)
T5F
(384.514)
T5
(448.5)
T5D
(497.44)
IR2
(283.10)
IR3
(367.59)
First
4313.54
4164.01
4652.34
4589.74
5183.87
5614.14
3147.40
4344.19
Second
1887.84
1881.82
1900.99
1896.13
2200.06
2352.19
1555.56
1800.28
Third
2473.95
2440.79
2552.02
2525.64
2904.61
3132.58
2021.89
2398.67

  • 4 BHK (Sale-able Area)
Plot Size (Sq. Yd.)/
Floor Size (sq. ft.)
IR1
(539.24)
First
6220.65
Second
2482.86
Third
3320.90


Besides providing the basic amenities like Swimming Pool, Gymnasium and Play Courts, several unconventional features it owns are Parking Space of 2 vehicles with each unit, private Plunge Pool/Jacuzzi in each first floor, and provision of Service Quarter with each unit.

Based on the concept of futuristic homes, the apartments have been designed such that they could be pre-fitted with intelligent systems, so that everything can be controlled with a single touch on the smartphone, be it Curtains, Lightning, Media or Video Door Phones.

The project possesses all the necessary approvals including License, Building Plans, Height Clearance, and Environmental Clearance.




Scattered over an area of 18.72 acres, Revanta, is the brand new addition to the range of luxury residential apartments by Raheja Developers, built by the joint venture company of Raheja Developers and Arabtec Construction LLC.

Positioned at Sector 78, Gurgaon, Revanta with its 180 meters high ‘Surya Tower’, demarcates itself from the others.

22 Km from IGI airport, New Delhi and a 37 km route to the Rashtrapati Bhawan, Revanta connects itself to the city.

With its infinity swimming pool located at floor 46, and restaurant at the highest Sky-bridge of the country, its design and idea sets a class apart.

The project involves two extremely elegant distinctions:

Tapas Townhouses
Available in 3, 4 BHK and Penthouses with attached terraces, they are available in sizes:
  • GF (3532.9 sq. ft.)
  • FF (2372.5 sq. ft.)
  • SF (2073.6 sq. ft.)
  • Lower Penthouse, Upper Penthouse and Mumty Floor (3141.8 sq. ft.)

Surya Tower
Available in options of Studio, 2, 3, 4, 5, 6 BHK & Luxurious Penthouses, the sizes available are:
  • 1 BHK (1197.8 sq. ft.)
  • 2 BHK (1621.3/ 1714.6/ 1854/ 1623.3/1478.8 sq. ft.)
  • 3 BHK (2165.8/ 2304.2/ 2522.8/ 2813.3/ 2457.2 sq. ft.)
  • 4 BHK (3434.3 sq. ft.)
  • 5 BHK (4293.7 sq. ft.)
  • 6 BHK (4961 sq. ft.)


Some of the exclusive amenities it bestows are a dedicated Retail Center, a Laundromat, a Mini Theater, an Automated Car Wash and Valet Parking.

The society has been build based on Earthquake Resistant Framework and provides complete security via the CCTV Surveillance.

The project hosts a Club Facility embracing Swimming Pool, Kids Play Area, Play Courts and Gym plus some Golf Courses located at few miles away.

The project possesses all the necessary approvals including License, Building Plans, Height Clearance, and Environmental Clearance.

For bookings, click here


Tuesday, April 7, 2015

Special offers on group housing projects in Sector 37C in Gurgaon by ILD Developers

ILD Grand Centra

Grand Centra, located at Sector 37 C, Gurgaon is a new residential project in the range of Luxury Apartments by the Ild.

The project will be launched soon.

Situated at a distance few minutes away from the NH8 is one of its advantages plus its easy accessibility to the Dwarka Expressway,the Hero Honda Chowk and a mere 45 minutes route to the IGI Airport are some of the few add-ons that bring it to the spotlight.

The project has been designed considering the eco-friendly techniques i.e. rain water harvesting and follows Energy Saving Practices.

It provides a range of 2 BHK and 3 BHK apartments in sizes 1300 sqft and 1745 sqft respectively, within a gated complex provided with 3 tier advanced security system.

The project provides several amenities, Club Centra being the major one that includes Swimming Pool,Spa,Play Courts, Gymnasium and more, plus the rooms are fully air conditioned making an optimum use of the space, also providing the residents a choice between the garden facing and city skyline overlooking.

ILD Arete

Arete, signifying excellence, at Sector 33, Sohna Gurgaon designed by the WOW Architects, Singapore is the latest launch of ILD in the series of its luxury residential projects.

Located on Gurgaon Sohna Highway, it is a project that provides lavish flats in the city with ultra-modern amenities.

Sprawling across 12 acres at the foothills of Aravallis, this housing project provides 2 sides open, fully air conditioned 2 & 3 BHK Apartments in sizes 1275/1325 sqft. and 1765/1785/1998 sqft. respectively. with the Aravallis and Landscape views.

Its smooth connectivity to NH8 and NH2,KMP Expressway, Delhi-Mumbai Freight Corridor and adjacency to some of the reputed educational institutes like GD Goenka World school, Ryan International school and more increases its grades.

3 acres of central greens provide the basic amenities like Kids Play Area, Swimming Pool, Outdoor Lounge, Gymnasium, and also bestows a Quiet Zone for Senior Citizens.

Available in an easy 35:65 Payment Plan, wherein the customer can pay 35% of the amount in 4 months and the rest of it on possession.


ILD Greens

ILD Greens, another residential project by ILD, at Sector - 37 C, Gurgaon, Haryana, offers world class facilities with a feel of being close to the natural surroundings.

Being in close proximity to the upcoming metro line, schools, colleges, hospitals and malls  plus a 25 min distance from the Delhi International Airport makes it quite a fair choice to consider.

The Project offers 2-4 bedroom apartments and penthouses.

Large Balconies, permeable facades, the wide frontage and the scientifically designed light passages add a little more to the already captivating look.

It further provides a range of basic amenities like Club House, Play Courts, Swimming Pool, Jogging Track, play area within the building plus a few distinctive ones being the Penthouses with exclusive terrace.

The Project is available with two kinds of Payment Plans, Linked Plan and Down Payment Plan.

ILD Grand

ILD Grand stationed at Sector 37 C, Gurgaon presents a modern integrated complex in the heart of the city.

The main attraction of the project is its 3 side open apartments that allow one to breathe freely.

Proximity to the commercial hubs, highways and metro stations is an added advantage.

Amenities it provides are Sky Terrace specially designed for parties play area for kids, Parking Area, Complex of Shops with interconnecting walkways that provides a feel of an indoor version of traditional marketplace.

The Apartments are available in two sizes i.e. Skylark with an area of 1820/1790 sqft. and Proxima with 1310/1280 sqft.

The Projects can be availed through two kinds of payment plans, the first being Construction linked payment plan wherein the customers can pay on completion of various stages of the project and the second one being the Down Payment Plan wherein ILD offers a discount of 10% on the BSP.


For Bookings, click here


Saturday, April 4, 2015

6 reasons why underwriting is bad for real estate sector in India

What is underwriting in real estate and why do real estate developers go for it?

Sumit was looking to purchase a property in Noida and he missed out on the opportunity to book a flat with reputed developer last time because within 2 days of the launch, the project was sold out. He had made up his mind not to miss such opportunities next time. However, even after keeping an eye on new project launches, he missed out again and now the only option left was to book the apartment with channel partners, underwriters, or brokers.

Why does this happen? He questioned…and even wondered…”I read an article last time, and it said…real estate demand is dropping”. How come, these new projects are sold out within a day or two of their launch??

The reason behind the selling of these new real estate projects in a day or two is not the actual demand but artificial demand. Real estate developers use the services of their nexus of brokers and financiers who underwrite these projects.

Real Estate project underwriting in its broader term means sharing the risk of the developer. Brokers or financing houses underwrite the real estate project, which means they have taken on the risk of distributing/selling the project. Should they not be able to find enough investors or customers, they will have to hold some stock themselves. Underwriters make their income from the price difference between the price they pay to the real estate developer and what they collect from investors or from broker-dealers who buy portions of the offering.

With the help of this nexus, developers start making claims that their projects are sold out. With underwriting, developers are able to create a situation wherein they let prospective buyer believe that there is demand for the project and that they should buy the property now or else the prices will go up shortly. And this normally creates a herd mentality among end-users and they have no other option but to buy the property.


Why underwriting is not good for real estate sector in India
  • Artificial demand
The demand thus created by the nexus of builders and underwriters clearly sends the signals to the market that “All is well” with realty sector and demand is robust. However, for a given city the actual demand supply equilibrium can be understood by studying and analyzing the capital value appreciation and rental yields. If demand is robust, it should reflect in the rental yields as well. However, what we see in most Indian cities is the fact that rentals have not kept pace with the capital value appreciation. The artificial demand created by the builder-underwriter nexus keeps the capital value of housing stock unjustifiably high.
  • Prices keep on moving up despite the sluggish market economy and demand
We keep reading from various leading research agencies about the amount of unsold stock lying with the developers and how it has increased over the last quarter or year. There is hope that prices might come down to reasonable level. And all of us sit on the fence hoping that prices are going to come down, but what happens is actually opposite. Prices are always going up. Demand or no demand, prices in real estate sector in India move only in one direction and that is up. There is never a correction. Why? Well, coupled with the limited launch of new supply, holding up of existing inventory keep the prices firm. Finally, the buyer gives in and the cycle continues as usual.
  • Seller’s market
Housing is a basic need where one dreams of having a house with certain features and specifications. In reality, buyers are forced to buy whatever is available at prevailing market prices. There seems to be no choice whatsoever for buyer to buy a piece of land and construct his own property due to high prices.
  • Non preferential allotment
There might be people who might have contacted the developer early and would have thought of booking an apartment at their desired floor with best available view. However, this wishful thought may not come true due to underwriting of the project as it may be blocked by underwriters in bulk bookings.
  • Housing is treated as an investment class rather than a basic need
People or businesses with deep pocket and unaccounted income invest in some of these projects to park their money. There are instances when one individual or business house owns multiple residential properties. Whereas the land allotted by civic authority to builders should have served the purpose of creating housing supply for the needy at justifiable price, what we see is the mad rush by people to own multiple properties. And this builder-underwriter nexus serves this well by allowing cash component in property dealings.
  • Black money
A builder offloads its stock to underwriters and then an underwriter sells the stock to end-users or investors. Based on the artificial demand created, builder keeps on increasing the prices periodically (monthly or quarterly). The underwriter then sells the property at lower value than the current builder price. The premium charged by the underwriter is usually paid in cash by the investors. And this leads to a circle wherein an investor with unaccounted income invests in property and the cash amount received by the underwriter is again pushed back into buying of another housing stock.


Are there any solutions to this builder-underwriter problem?

Yes, there is a solution. Whenever a real estate developer sells, it should be made mandatory by law that the buyer information will be made public. By having the buyer information, not only will this lead to actual demand but may also put a curb on entering of black money into real estate sector. But, will the authorities pay any attention to this? We don’t know and this is where the Real estate regulatory bill has also failed. Read more on real estate regulatory bill in the next column.

Found this post interesting and useful, please share it with your network or friends. Thanks!

Friday, April 3, 2015

Special offers on group housing projects in Sector 109 in Gurgaon by Raheja Developers

Raheja Shilas, Sector 109 Dwarka Expressway Gurgaon


Raheja Developers, through Shilas, a modern housing society, in Sector 109, Gurgaon, have tried to craft life into the apartments d way a sculptor crafts life into a stone by giving it a form.

Being connected to Northern Periphery road, proximity to Palam Vihar, Dwarka, proposed new Diplomatic Enclave and Metro Line plus the short distance route to the proposed extension of the Delhi Airport makes it closely linked to the city.

The Project structure is Earthquake Resistant and offers various facilities like Swimming Pool, Gym, Spa, Shopping Complex, and Business Center via the Club House owned by the company itself.

All modern amenities such as Power Backup, CCTV Surveillance, controlled access to the gate, have been made available.

The apartments are available in sizes (Sale-able Area):-

Tower Typical

  • Typical 3 BHK (1302 sqft.)


Tower Penthouse

  • Lower Penthouse (2700 sqft.)
  • Upper Penthouse
  • Terrace Plan


The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.


Raheja Atharva, Sector 109 Dwarka Expressway Gurgaon


Built next to the Delhi-Gurgaon Border, Atharva, an eco-friendly range of apartments, located in sector 109, Gurgaon  is the latest launch of the Raheja Developers.

Being closely connected to the IGI Airport, Ring road of Gurgaon, and proposed metro corridor with a 5 to 7 minutes’ drive are some of its advantages.

The Apartments are available in sizes:-
3 BHK (Saleable Area)

  • Tower A (2251 sqft.)
  • Tower B (1755 sqft.)
  • Tower C (1640 sqft.)

4 BHK

  • (2990 sqft.)

Penthouse

  • Type A (Saleable Area 4370 sqft., Terrace Area 940 sqft.)
  • Type B (Saleable Area 3655 sqft., Terrace Area 325 sqft.)

It owns a Club Facility which provides facilities like Swimming Pool, Kids Splash Pool, Multipurpose Gym, Kids Play Area and various outdoor sports facilities.

The Project has all the necessary approvals from the concerned departments i.e. license, environment and height clearance etc.

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.

For Bookings, click here


Thursday, April 2, 2015

Tips To Rent Apartments In Mumbai

Several expats are planning to come to Indian cities for making the most of the new opportunities that are coming up here. A lot of them are coming back to start up their own firm in their home towns or cities. If you are one of them and want to come to Mumbai then there are several important aspects to bear in mind when going for apartment hunting. Getting rental accommodation should be your first step irrespective of whether you will be here for a couple of years only or want to settle down.

Finding the right flats for rent in Mumbai in the preferred neighborhood and locality and for the optimum price is quite a daunting task for expats in Mumbai to say the least.

Combating problems

Mumbai may look great in photos, but expats receive a shock when they get stuck in the slow mo traffic and slums. Despite being a part of the city, the long absence from it often makes expats perceive their home town in a different way.  Apart from the way the city looks, expats often have to battle problems of amenities-versus-rental equation. Real estate in Mumbai is quite expensive- the rental values that were there a couple of years ago have changed now. It becomes difficult to explain to them that the value per square foot has increased which is why rental rates have gone up. Also, the lifestyle that they enjoy in these apartments cannot be compared with that of developed countries. You can look at rental flats in plush housing communities which have swimming pools and gymnasium but the amenities would still be unparalleled to the ones available abroad.

Some of the factors that you should keep in mind while renting an apartment

  1. Travelling time to work and your children’s school.
  2. Availability of social amenities such as super markets, shopping malls, grocery shops and medical facilities. Most neighborhoods in Mumbai are self-sufficient in this respect hence travel time becomes more of a priority. At least one of the spouses will have to settle for a longer drive to and from work. 
  3. One should visit during day time for checking the flaws in the house. You should also go to the apartment you are considering to rent at night as it will give you a good idea about the lighting facilities available after dark. 
  4. Normally rental properties in Mumbai receive plenty of water. However, there could be a couple of restrictions in water supply, depending on the society you stay at. Therefore, you should talk to a couple of tenants or residents of the community to find out more about them prior to signing rental agreements. 
  5. All repairs of the apartment must be done prior to the payment of advance. Also, if something has not been fixed then it would be best to put it in the agreement when drawing it up. 
  6. Advance deposits against property for rent in Mumbai is a must. The amount is returned by the owner once the rental period is over and you are moving elsewhere. This is a standard clause in rental agreements.

This is a guest post by Poonam Mishra

Wednesday, April 1, 2015

Special offers on group housing projects in Sector 92 in Gurgaon by Raheja Developers

Raheja Sampada, Sector 92, Gurgaon

With Sampada, in Sector 92, Gurgaon, Raheja Developers again have come along with an addition to their already existing series of luxury Residential Apartments.

Stationed at an approx. 30 minutes distance from the Delhi International Airport and following a 10-15 minute route to the Dwarka Expressway, KMP and NH8, the project connects itself to the city.

The Housing Complex further offers a Club House, owned by the Company itself that plays host to a lot of facilities like Swimming Pool, Gym, Spa, Shopping Stores and Business Center.

100% Power Backup, following Eco friendly techniques like Water Recycling and Water Harvesting, providing security via CCTV Surveillance and controlled access to the Complex are some of the appealing amenities it provide.

The Complex proffers apartments in sizes:-

3 BHK
  • Type A (1370 sqft.)
  • Type B (1572 sqft.)
4 BHK
  • 1850 sqft.
Penthouse
  • Type A (Sale-able Area 1485 sqft. and Terrace Area 689 sqft.)
  • Type B (Sale-able Area 1755 sqft. and Terrace Area 814 sqft.)
Presidential
  • Type A (Sale-able Area 1370 sqft. and Landscape Area 1000 sqft.)
  • Type B (Sale-able Area 1572 sqft. and Landscape Area 1000 sqft.)

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opts to stay out of the loan facility.


Raheja Navodaya, Sector 92, Gurgaon

Sprawling across 17 acres of land, Navodaya, by the Raheja Developers, in Sector 92, Gurgaon, is a housing Project based on the concept of high Quality Urban Living.

Proximity to Dwarka Expressway, KMP and NH8, are some of its key strokes.

Amenities it provides are Departmental Store, Club House with Gymnasium, Swimming Pool, Tennis and Badminton Courts.

24 hours Power Backup, High tech Security System, Primary Schools, Food Courts and Commercial Center are some of the exclusive facilities that set it apart.

The Apartments are available in sizes:-

BR (Sale-able Area)
  • 1 BR (1100 sqft.)
  • 2 BR (1498 sqft.)
  • 3 BR (1990 sqft.)
  • 3 BR + Servant (2350 sqft.)
  • 4 BR + Servant (3100 sqft.)
Penthouse
  • Type A (LWR LVL 4300 sqft. , UPR LVL 892 sqft.)
  • Type B (LWR LVL 3215 sqft. , UPR LVL 785 sqft.)

The Project possesses all the necessary approvals, comes with an easy Payment Plan and offers home loan @4.99 % for the first five years for its customers.

* Inventories In Resale also available for this Project.
*Customers are entitled for an exciting Mega Discount Scheme who opt to stay out of the loan facility.

For Bookings, click here



Friday, March 27, 2015

Regulations relating to Sewage Treatment in India

These days we come across self sustainable townships with dedicated sewage treatment plants. Sewage treatment is the process of eliminating contamination and pollutants from household sewage by way of chemical, physical, and biological processes. The effluents that are produced after sewage treatment are suitable for discharge or reuse back in the environment.

Local municipal bodies are responsible for carrying out the sewage treatment tasks within a given city. In India, households are dependent on Municipal bodies for sewage management. Through pipes and pumps, household sewage is collected and transported to municipal sewage treatment plant. In semi-urban areas or in villages, septic tanks are used for sewage management.

All solid waste and waste-water treatment is subject to the rules and regulations of the local, State and Central Governments. Municipal Solid Wastes (Management & Handling) Rules, 2000 or in other words MSW Rules are applicable to every municipal authority responsible for collection, segregation, storage, transportation, processing and disposal of sewage.

These rules and regulations clearly demarcate the roles of each department within a local body to carry out the tasks of sewage treatment efficiently and professionally.




Monday, March 23, 2015

Codes for design and development of earthquake resistant buildings in India

While buying an apartment in a builder project, one would have noticed the words ‘Earthquake Resistant Building’ in the ‘Specifications’ section.  This is mandated as per the codes and guidelines framed by The Bureau of Indian Standards (BIS).

As we know, a good part of North India and hilly regions have been classified as seismically sensitive zones or earthquake prone. Therefore construction of buildings in these regions has to be meticulous and as per the strict guidelines and set of rules laid down by The Bureau of Indian Standards BIS. Deviation from these guidelines may prove to be harmful in case of a severe earthquake. The buildings need to be designed in such a way that they can withstand the ground vibrations caused by earthquakes. Failure to adhere to guidelines can cause damage to human life and loss of property.

Image source: http://www.mapsofindia.com/

We have seen in past, how earthquakes have proved to be disastrous. And therefore, putting in place systems and guidelines that can avoid or limit the loss are extremely useful.

Find below the codes for design and development of earthquake resistant buildings in India:


Thursday, March 19, 2015

SMART HOMES- The Heaven Concrete

In today’s age of information technology, computers, and electronic devices, the world is getting smarter day by day. Not only smart phones, even houses with their structure and architecture are coming out with whole new features aiming at providing a better lifestyle. These ‘Smart homes’ give high quality system of comfort, security, space, and better conditions to live. The main features include advanced LED lighting, customized air tight doors, reflective window, insulated walls, modular kitchens, spacious bathrooms, kids’ rooms etc. An important characteristic of these homes is an interaction of the different parts of a house which not only saves time but also is convenient to suit everyday lifestyle.

Image Courtesy: Wienerberger

A smart home must have a proper scientific and rational design of architecture. The element of this must be proper use of lighting and electrical devices such as air conditioners, coolers, heaters etc. Remotes and touch panels are widely used today to save time. These remote controls help to change the light levels or fan speeds. Thus electricity and lighting can be used on one’s command.

The Blue Print of a smart home is its wall and roof. A house is structured on the support of its roof and wall made of bricks. Wienerberger produced horizontally perforated clay bricks for non-load bearing partition walls or infill masonry will definitely turn your home into something extraordinary. These light weight concrete bricks are of low weight with great thermal insulation and water absorption reducing dead loads, saving costs and helping in faster construction. They also help in building long lasting strong built roofs.

Image Courtesy: Telegraph

Smart kitchens form an integral part of a smart home. Technology is fused with different parts of the kitchen and thus can be controlled easily. Smart tablets or keypads in the kitchen help do more than one work at a time from the kitchen. These speed up cooking and provides user friendly atmosphere. Today’s refrigerators entertain through its innovative features of internet. Induction cook-tops help to save water and electricity. This provides safety and comfort too. There are few appliances which generates cooking tutorials with effective tips and warnings in the form of texts.

Bathrooms must be coupled with relaxation. Controlling of temperature of bath tubs and showers has become easier in one touch, including the proper use of sprays and steam in a Jacuzzi s. Audio and lighting of the shower can be altered with remotes and other devices. Touch less toilets, digital showers, and programming of personalized temperature, wi fi enabled electric heated floor, hand free faucets prevents spreading of germs and water conservation are few innovations for smart bathrooms.

Image Source: Point-dotcom

Bedrooms form the integral part of a house. Smart bedrooms not only enhances the look but also   space and storage facilities. Wall beds, technologically operated drapes, switches controlling the main door from the master bedroom etc. are exciting elements of smart bedrooms.

Few additional characteristics of a smart home are:-

  • SECURITY
    • Detection of outsiders through CCTV cameras and other devices
    • Alarm modes help prevent thefts
    • SMS to security control help in faster action
    • Motion sensors and door locks builds up strong safety program
    • Touch panel screen help to see visitor without opening doors
    • Remotes can be used to open doors
    • Gas leak detectors and valve controllers help to prevent accidents
Image Courtesy: Ableblogger
  • OTHER FEATURES
    • Water can be saved with smart water fixtures ensuring better experience.
    • Thermostats can be used to control energy and temperature of homes
    • WI FI controlled homes can get monthly energy usage reports.
    • Passive houses are examples to heat and cool the house according to ones desires 
    • Innovative tables  connected to internet offers several facilities
    • Automation in each room helps us make the best possible use of technology to have a pleasant stay.
Image Courtesy: Nebulabot

The jaw dropping success of technology and internet today has gifted us with smart living with the help of smart homes. They not only are convenient in our everyday life but also don’t let us compromise on our comfort and safety. 


This is a guest post by Monnanda Appaiah, Managing Director,Wienerberger India, wienerberger.in
To submit your guest posts, contact us at nirrtigo@nirrtigo.com

Tuesday, March 17, 2015

What are the fire safety requirements for building types and heights in India? Which are the organizations and institutions involved in fire safety in India?

While buying an apartment from a real estate developer, we come across payments towards Fire Fighting Charges (FFC). Normally, the FFC is charged by a developer on pro rata basis, i.e. 50 Rs/sqft or 100 Rs/sqft. Why do real estate developers charge their customers for FFC? Well, all builders need to provide for safe environment to the home seekers. And protection from fire is an integral part of the whole package of the building safety.

In India, Fire prevention and fire fighting is a state subject. However, the Ministry of Home provides technical advice to States/UTs and Central Ministries on Fire Protection, Fire Prevention and Fire Legislation. The National Building Code's Part 4 deals with fire and fire safety. Different states/UTs and local bodies in India have their own firefighting provisions, guidelines and regulations. Fire safety department of each area also issue fire safety guidelines to ensure safety of buildings and their occupants. For example, the Delhi Fire Prevention and Fire Safety Act, 1986 is applicable in the Union Territory of Delhi.

So, what are the fire safety requirements for building types and heights? Which are the organizations and institutions involved in fire safety in India? Find out in below document:


Friday, March 13, 2015

2015 will showcase high demand for luxurious homes in India

What does the real estate market hold in store for potential buyers and investors in the year 2015? Can consumers expect high returns on investment from luxury properties, apartments, and luxurious homes in India? There are numerous questions that may puzzle the consumers and it is crucial to make the right choice. Read further to discover how luxurious homes in India are set to elevate the real estate sector in 2015.



  • Real estate seen as a commodity

It has been known that the real estate and infrastructure sector has been the backbone of the Indian economy and a significant contributor to the economic growth of the country. Earlier, housing was seen as a form of luxury and lifestyle purchase. It was barely perceived as a commodity. During 2012-2014, investors and other buyers scooped up undervalued homes and took advantage of short sales, boosting overall sales volumes of luxurious homes in India. Real estate has become speculative because products have become short-term commodities. Buying second properties without the intent of flipping is not an easy task. There were many who bought luxury properties because they believed that earning high returns on investment in real estate was easy.


  • Rental market shows high demand

The 2014 apartment construction boom will lead to more supply in 2015, since multi-unit buildings take about a year to build. The NDA government aims to develop ‘smart cities’ across the nation and provide housing for all. Though a large number of buyers will be seen as homeowners, there would be an enormous number of interested buyers who will enter the market as renters. These days, the standard of living has progressed and people prefer renting luxurious homes in India.


  • The rise of nuclear families

Some may argue that joint families are still prevalent. No doubt, they still exist, but they have reduced in number. Young adults who are earning decent salaries plan households, which is another cause for the boom in real estate sales. The availability of loans in the market, both individual as well joint loans, makes it easier and less troublesome for interested buyers.


  • The supply and demand relationship

Today, there is high speculation about the demand and supply. When people wish to purchase or sell luxury properties, they do so, on the basis of speculation. You may have seen how the internet is constantly buzzing with the speculation of property rates. Real estate agents add to the buzz by predicting if the market will crash or rise. This speculation has enhanced volatility in the market and made it more unpredictable. So potential buyers who wish to buy luxurious homes or moderate budget homes in India should keep a track of the supply and demand levels.


  • Fear of the rising interest rates

Can you imagine buying a house when the interest rates are sky high? Real estate developers have figured out that people rush to purchase homes with the fear that interest rates on home loans may shoot up. Buyers need to focus on tangible and concrete factors while making a purchase. They need to ensure that they are not extending their financial abilities in the quest for home ownership.


  • Think before you act

Acquiring a house is a big decision and should be taken seriously, especially if you are planning to buy luxurious homes in India. You can be impulsive while buying a pair of shoes, but you cannot be the same while house hunting. Sometimes, predictions may state that the real estate prices will fluctuate in the short term and shoot up in the long term. But that does not mean you blindly follow predictions. If you wish to buy luxury properties as a long term investment, then take a look at the rental income that you can receive. See if it covers your expenses and provides a good profit margin.


  • Luxurious homes in India available at decent prices

Can you imagine living in a luxury apartment that you grabbed at a reasonable rate? House of Hiranandani (HOH), which is one the renowned builders in the country, has developed high-quality constructions and are making them available at moderate prices in the country. They believe that people from all walks of life are entitled to taste luxury and developing luxurious homes in the metropolitan cities of India.

Buying a house is entirely your choice and House of Hiranandani believes that you deserve the best. So, look out for their luxury properties in Chennai, Bengaluru, Hyderabad, and Mumbai. Purchase exquisite and luxurious homes in India that are designed to meet your comfort needs.

This is a guest post by Deepak Yewle