Expectations of Delhi NCR Property Trends in 2015
Jan19

Expectations of Delhi NCR Property Trends in 2015

Housing projects have had a booming turn in for a few years now in all the metropolitan cities of India. You will see foreign clients as well as domestic clients eating up the real estate like anything. With newer projects starting every week and it sectors also showing a substantial increase. It is safe to say that India will see its fair share of real estate business in the coming years as well. The housing sales may even jump over the top this year, with housing projects being opened in industrial towns as well. This is especially true in case of Delhi, where you will see that housing projects have started and will continue to start in the industrial towns of Faridabad and Bhiwadi. The inflation in the price can be severe with good turn in when it comes to the metropolitan cities and Delhi is no different. Property Trends in 2014 Political issues were a major factor for the downfall of the Property Trends in Delhi in 2014. The political instability which was caused due to the country wide elections shot any hope of real estate development and market. It was not a good time to go in for real estate and the market suffered a lot. This was true in every popular region of Delhi inkling Gurgaon and Greater NOIDA. The housing sales fell to a shocking 1.75 lakhs units during 2014. This was a big decrease in the real estate market and effected current projects which were going with uncertain views regarding the prices which would be set. This was 2.5 Lakhs less than the previous year’s record. Due to this downfall the suppliers are believed to have been taking fewer chances and making sure that the properties which are being developed have a high chance of getting sold in 2015. Due to this the many to do projects have halted and only ongoing projects have been going on. The uncertain planning for 2015 will be noticed when the decline comes down to a 2.18 Lakhs a year unit compared to the 2.2 Lakhs units of 2014. Also, many backlog projects which had been completed, but were not able to be sold will be cleared off finally in 2015 due to the slight decrease in the price tags. This will ensure that the real estate market increases in value, with both pending and upcoming projects moving towards completion in 2015. People will get great deals and the popular places in NOIDA, New Gurgaon and Dwarka Expressway, Indirapuram (Ghaziabad), Faridabad, Bhiwadi will be selling like hot cakes. 2015 Property Trends in Delhi Delhi has always been a...

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Realty Trends – Luxury Properties Picks Up While Affordable Lose Sheen
Dec17

Realty Trends – Luxury Properties Picks Up While Affordable Lose Sheen

Staggering yet true, the recent property trend is reflecting a fall in demand for affordable properties in India, while the luxury segment is rapidly picking up this season. Demand for affordable housing properties in the budget range of up to INR 40 Lakhs has been remarkably low at national level, at only 1%. At cities, demand in this segment has been fluctuating between 1-5% only. On the other hand, the supply of affordable housing properties is increasing at a fast pace; thanks to increased liquidity of banks and lucrative returns promised by the Government to attract more developers in this segment. And this has further worsened the scenario. The gap between demand and supply in affordable property segment has been most glaring in Hyderabad and Chennai, with an over-supply of 17-19%. However, much to the surprise, demand for luxury properties is picking up gradually. At the national level, the rate of growth in demand in luxury segment has been around 30% for properties at Rs 1 crore and above. Increased demand has also been witnessed for properties in INR 30-50 Lakhs category, demonstrating the middle class’s willingness and ability to buy. Despite of growing demand, even the luxury segment continues to remain over supplied in most cities except in NOIDA and Gurgaon where the supply matched demand in the luxury segment, and Ghaziabad, where the supply of luxury properties is lagging behind demand by around 11%. Over the last few years, luxury properties have been abundantly launched in India, with metropolitan cities being the major target destinations. Most developers have premium property projects in their portfolio since profit-per-apartment is remarkably higher in this category and also promises increased capital appreciation in the long term over other property assets. As a result, there isn’t a dearth of luxury properties in India, with demand also picking up gradually. For buyers, the advantages of investing in luxury homes are primarily inspirational since now their homes reflect their socio-economic condition. It has become a lifestyle statement to own a luxury home, and even the middle class is not shunning back from this. Increasing Purchasing Power of Buyers As India demonstrates a strengthening economy, gradually pulling up from financial crunch, and witnessing a growing influx of multinational companies, there is a significant rise in income in the country. Furthermore, the IT/ITES sector is rapidly developing, bringing in a huge influx of interested property buyers with the ability to invest in luxury homes. Now, people have more money in hand and subsequently, their lifestyle patterns have also changed. Over the years, the amount of High Net-Worth Individuals, with a fatter paycheck, has increased in the...

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5 Things to Know Before Buying New Property
Nov28

5 Things to Know Before Buying New Property

For many, buying new property is a one-time investment. On one hand, you are enthusiastic and happy; on the other hand, you are stressed and often in a hurry! And that’s where you go wrong. You look at a multitude of properties, but there is one that gives you the feeling of “this is my dream home.” And in a hurry you get into the process of arranging for down payment, applying for a home loan and what not, so that the property does not slip off your hand. As you make haste, things might go into the wrong hands or you may have to take a decision that ruins your future. However, it is not the time to rush, but to step back and decide calmly. After all, buying new property is one of the biggest investments that you are going to make, and any wrong decision can have a detrimental impact on your family, finances and life. And you will have no way than to regret. Instead of considering property investment through emotions, be a smart buyer and take into consideration some of the most important factors that will help you get the best deal. The process might be time consuming, but you will reap the benefits for a lifetime. Discussed here are 5 important things to know before you buying new property. 1. Hunt for the Right Location Finding a good location is one of the key factors to consider in buying a property, especially a new home. After all, who doesn’t want to invest in a property that is well-connected to transportation facilities, major city landmarks, proximity to hospitals and educational institutes, and of course, workplace! Moreover, it should also be free from any kind of dispute. Besides, one should also consider how safe the location is from different crime aspects. This is an important factor to consider in recent time to ensure safety. Another good reason of buying new property in a good location is to have a fantastic re-sale value. Better the location of your property, higher resale value it will get. Therefore, if you are looking for a better Return on Investment, considering the location is integral. Many buyers tend to purchase property in remote locations as they come at comparatively lower prices than the ones at the heart of the city. Whatever location you prefer, make sure it has well-connected roads, modes of public transportation, and important facilities such as educational institutions, hospitals, market, etc. 2. Check the Title Deed/Certificate of Title of the Property Before you buy a property, one of the most important things to check is the certificate...

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