Category : Real Estate News

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Have plans to invest in Real Estate Market 2018?

Jan 17,2018 / By / No Comment

Home buyers, home sellers, and real estate investors all want to know what 2018 looks like so they can get the most out of their property. The real estate market forecast for 2018 is seeing an upward trend, so this is the time to start investing in real estate market?

Want to flip a home?

If you are planning to flip a home to make a quick profit, this is a great time to get started while the property price continues to rise. A normal house flipping procedure takes around three to six months to complete. Which means you have to find the correct method and the means to recover a home so that it is interesting to home buyers.

According to some reports, there has been an increase by 3 percent of houses that were flipped and the housing market forecast for 2018 does not show any signs of this slowing down. With the cost of houses continuing to rise, this means real estate investors have a good possibility of making some quick cash by buying, fixing up, and selling a home.

Who Are You Selling Your House To?

There are cities across the country that are doing just fine in the real estate industry. However, there are some cities that are still battling to bring in new home buyers. So who are you selling your property to? Millennials are coming of age, beginning families, and they are now considering for a home to settle down in.

Think Long-Term

The troublesome part about flipping homes is the question of whether or not you will find a customer. But don’t give up just like that. Home buyers who are planning to settle down but may not have the credit or financial stability to make the down payment to buy a house may be more than happy to rent a house, making it possible for you to find a home that needs fixing. Because rental prices are increasing rapidly, you have plenty of chances to fix up a property and rent it out, making a profit for a long period of time.

If you want to skip the hard work of flipping a home, there is still a chance in the wholesaling business. With the right property, the right contract and the good fortune of the housing market forecast for 2018, you can find a real estate investor who does want to put the work into the home. The potential for big incomes may not be quite the same, but remember, you are not putting in the hard work and there is an opportunity for numerous deals at a time.

There are always jeopardies in the real estate market, but knowing the market will give you some peace of mind. The housing market forecast for 2018 is looking strong when comparing 2016 and the majority of 2017. If you find the right property, at the right rate, you can sell it and move on to the next opportunity.

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Buying property Real Estate Real Estate News

Trends to redefine the Indian Real Estate Market 2018

Jan 8,2018 / By / No Comment

In 2017, the Indian Real Estate sector has seen a substantial alteration with the implementation of reforms such as GST and RERA. This year look promising for good supply of houses across major Indian markets, and the growth prospects look brighter than ever. The Act was formulated to streamline and standardize the unorganized real estate structure in India.

Upgrading in the regulatory framework has built up an attractive destination for both global and Indian investors. So far, Indian real estate has attracted USD 32 billion in private equity and due to transparency, NRIs find India’s real estate market more trustworthy.

Developers will re-structure their business models, developers launched many projects and there was no assurance of completion of the projects. Now, through the RERA act, a time limit has been set for the projects to be completed. It will force developers to upgrade their business model. The developers will require bringing more clarity as well as liability in their system, and do a lot to upsurge consumer confidence.

Also, the Goods and service tax (GST) as well as the Benami Transactions (Prohibition) amendment act; will have a major impact on, how developers run their business. Developers should bring changes in their business models to maintain in the market.

The REITs will have a crucial and long-term impact on developers, with the choice of either risking or ‘corporatizing’ taking over, with their larger counterparts.

Here are the trends that are expected to reshape and redefine the sector:

1. Real estate developers are changing their business plans- Recent implementation of reforms such as the Benami Property Act, RERA, and GST have enforced a greater level of accountability, transparency, and quality-on-time on the part of real estate developers. Projects are therefore much more trustworthy and meet the set standards.

2. Workspaces are evolving into ‘co-working’ spaces- With the fast-evolving co-working space culture in India, regular office spaces will give way to more hybrid co-working spaces. Corporates and co-working operators will now work one behind the other, which in turn will benefit the real estate economy and also increase productivity, cost-efficiency and employee retention.

3. FDI into real estate will increase further- The launch of Real Estate Investment Trusts in 2017 enhanced transparency in real estate transactions, the real estate sector will draw even more worldwide investors than before.

4. Affordable housing- There is a target of building one crore new houses in rural India by 2019. The Housing for All scheme has been fixed for 2022, and affording housing in India is receiving the much-needed infrastructural attention in order to meet the target set.

5. REITs will permit substantial growth- It is expected that REITs will add considerable growth in India’s growth story. As progressively office spaces in India become REITs complaint, a variety of smaller investors will put in their money in return for regular dividends at relatively low risk.

With the growing trends in real estate segment, investors are now moving for investment in small scale as well. Real estate investing, even on a very small scale, remains a proven means of building an individual’s cash flow and wealth.

RERA was formulated to streamline and standardize the unorganized real estate market in India. However, once the market is standardized, there will be an array of opportunities to scale-up. With untrustworthy and deceiving developers out of the market, there will be only one way to go, forward.

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Buying property Infrastructural development Real Estate News Smart Residential Living

Mumbai civic body plans to link 220 km roads by 2034

Dec 29,2017 / By / No Comment

Brihanmumbai Municipal Corporation plans to construct 41 km linked roads connecting areas that are not currently linked. By 2034, the BMC will construct 220km of such links that are presently missing.

The projects are part of the comprehensive mobility plan (CMP), designed to upgrade the transport system, along with improving the infrastructure of the city. These linked roads will reduce the travel time and will act as short-cuts in certain areas, reducing the jamming on main roads

The plan emphases on broadening congested roads, connecting missing links, need for integrated fare structure and common ticketing for the present public transport system.

In the first phase of the project will connect 41km of links in Bandra, Dadar, Byculla, Wadala, Chembur, Malad and Lower Parel, among others. In the second phase, the civic body will complete work on 80km of missing links till 2024 and the rest till 2034. In most cases, the expansions being considered for the links have slums or structures that can be improved, said, civic officials.

Some of the missing link roads suggested in the plan include connecting:

  • Senapati-Bapat Road to Central Railway Line (Dadar)
  • E Moses Road to Lala Lajpat Rai Road (Lower Parel)
  • Pestom Sagar to Phule Nagar Road (Chembur)
  • Ghatkopar-Mankhurd Link Road to Akruti Rising City Road (Ghatkopar),
  • BKC G Block to MMRDA Grounds (Bandra)
  • Madh Marve Road to Madh Jetty Road (Malad).

Chief engineer of roads and traffic department, Mr. Vinod Chitore, said, “We have started to implement the plan and work on selected roads.

The BMC is managing with other shareholders of the plan, including the Mumbai Metropolitan Region Development Authority (MMRDA), Indian Railways, Brihanmumbai Electricity Supply Transport and the traffic police department.

The estimated cost of the plan is Rs1.68 lakh crore over the next 20 years. The civic officials said that BMC will invest Rs69,000 crore, of which it will donate more than Rs7, 000 crore in the first phase. The MMRDA will give Rs76,283 crore in the first phase, while the Indian Railways will contribute Rs18,359 crore. BEST will shell out Rs2,590 crore and the traffic police will fund Rs1,350 crore.

This infrastructural development with further pushes the real estate market in Mumbai, making Mumbai properties costlier in the above-said areas.

 

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Buying property Infrastructural development Real Estate Real Estate News

Area in Focus: Kompally

Dec 22,2017 / By / No Comment

Planning to purchase a 2 bedrooms apartment in Hyderabad within a budget range of Rs 30 lakhs to Rs 40 lakhs at a location having smooth connectivity with the IT Hubs close by then Kompally should be the option for you.

Properties at Kompally are gaining momentum due to their affordable property prices and developing infrastructure. The price points offered by projects in this locality make a viable proposition for property investors, too.

Kompally is approximately 28 kilometers away from commercial business districts of Hitech City and Gachibowli, but, the distance can be covered within 45-60 minutes all because of the Outer Ring Road (ORR). Kompally residents can quickly move around within the city without facing traffic issues.

Kompally is an ideal choice for denizens working in Secunderabad. It is located just 14 km from Secunderabad, and perhaps this is the reason why Kompally has a large number of property buyers from Secunderabad.

Moreover, the affordable property price is driving residential properties in Kompally and people from Hyderabad are not hesitating to opt for this location either.

The locality offers another great opportunity for those who have a dream of building their dream house accordingly on an independent plot. There are gated-community projects which are selling plots in the range of Rs 1,500-2,200 per sqft.

Currently, these gate communities are under construction, and you may face problems related to roads Maybe this is the reason why property prices are less here. Once these societies get connected via well-build roads, the property prices will shoot up.

While the physical infrastructure within the area is developing very fast, there is no second thought about the quality of its connectivity to the other parts of the city. Residential properties in Kompally are easily accessible through the National Highway-7 (NH7) which falls near the locality. The Andhra Pradesh State Road Transport Corporation (APSRTC) operates buses in this locality also so commuting is not a problem for the people residing here.

The social infrastructure in this area is also developing gradually with educational institutions, health care centers, supermarkets etc which is attracting more and more people to move in Kompally

There are plans to build 14 gateways in Hyderabad, of which one will be coming up on Medchal-Kompally Road. This project will make Hyderabad safer and secure by keeping a track of the incoming and outgoing traffic. This infrastructural development might not directly influence the real estate market of the area but it will positively add to the locality’s overall appeal.

Some of the ongoing projects in Kompally within a budget range of Rs 30 lakhs to Rs 40 lakhs are below:

Hivision Residency, MYPI Green Castle, ARR Fortune, SLN Urbana, PSR Kalanjali and RK Panchsheel Park

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Buying property Infrastructural development Real Estate News

Elevated Expressway to improve Chennai suburban real estate

Dec 21,2017 / By / No Comment

Areas in and around south Chennai lack infrastructural facilities and faster connectivity from the main city. Now, the municipal authorities are looking after the issue and will soon come up with an elevated expressway that would connect the Chennai international airport and Tambaram with the southern town of Chengalpattu.

Chengalpattu Airport Elevated Road

Chennai Metropolitan Development Authority (CMDA) planned this 40-km elevated corridor which will link the city airport with Chengalpet over the Grand Southern Trunk Road. The elevated road will be built at an estimated cost of Rs 2,400 crore, the corridor would have a toll plaza each at the entry and the exit points.

While the stretch of the GST Road between Meenambakkam and the outskirts of Tambaram is maintained by the state highways department, the remaining part comes under the National Highway Authority Of India (NHAI).

The highway would act as a gateway to the south of Tamil Nadu. A similar corridor is being planned by NHAI to connect Tambaram with the area, the airport elevated road is projected to be opened to the public by 2019 as the bids have already been allotted for the development.

Chengalpattu-Tambaram Elevated Road

The National Highway Authority Of India (NHAI) is planning to construct a 30-km, four-lane elevated road between Tambaram and Chengalpattu to ease the National Highway-45. The construction work would initiate in 2020, after the tender period for developing four-lane road between the airport and Chengalpattu will be over.

Presently, the corridor is planned till Chengalpattu which will be stretched to Tindivanam. Once the elevated corridor is functioning, motorists could move effortlessly from Tambaram to Chengalpattu without the interruption of traffic in Perungulathur and Guduvancherry.

The present connectivity through NH-45 opens at 20 locations which cause everyday traffic congestion. Also, there are nine sub-urban railway stations along the road resulting in pedestrians crossing the highway. The average journey speed of this corridor is 24 kmph, which is far below the standard of a national highway.

How is this elevated expressway going to impact the property market?

The elevated expressways will smoothen connectivity to the affordable hubs in southern suburbs of Chennai. Tambaram which is located on the GST Road serves as a midway to the IT and special economic zone (SEZ) corridors.

With a developed job market and effective road connectivity, Tambaram is seen as one of the preferred locations to purchase a home in Chennai. Situated along the Trichy-Chennai Highway, Tambaram is sub-divided into East Tambaram and West Tambaram. The locality attracts a lot or real estate investors or home buyers because of the close proximity to commercial industries.

Most of the projects in West Tambaram are ready to move and offers investment opportunities where the properties are offered at Rs 3,000 per sqft. Projects in East Tambaram offers properties at Rs 4,000 per sqft onwards. The new connectivity would comfort the travel to the further south and would make it a better option for those homebuyers who seek to visit their home in the suburban area.

Chengalpattu will also be benefitted because of the new development. With non-stop connectivity to the airport and rent for commercial properties might see an upward trend. Many big shot companies like BMW, Ford, Tech Mahindra, Wipro have established their production plants in the vicinity.

Once the new infrastructure is active, the affordability of the area might lure people staying in more luxurious and less developed areas such as Guduvancherry and Perungulathur. The average price of an apartment in Chengalpattu is Rs 3,700 per sqft. Other nearby localities such JCK Nagar, Abakkam, Paranur, Singaperumal Koil and Nenmeli offers properties in the same price range.

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