Indian Real Estate – The Beginning of New Era

With three revolutionary reforms, GST (Goods and Services Tax), Real Estate (Regulations and Development) Act and Pradhan MantriAwasYojana, favoring the interests of the common man, the sun seems to have finally risen on the Indian real estate. All these reforms, acts, and policies launched by the government in the past 2 years point in the direction of a new era that would mark the transformation of real estate from a developers’ market to a buyer-driven marketplace.

Let’s have a glimpse at them to understand how they would change the face of Indian real estate.

Goods And Services Tax
Goods and Services Tax aka GST is a ground-breaking tax reform that has been enforced in India on 1st July 2017. It would subsume around half a dozen indirect taxation levied by the Center and the State like VAT, Service Tax, Stamp Duty etc., which used to lead to cascading or doubling of tax. The government has put the under-construction projects under the 12% GST slab that would be a sigh of relief for all the prospective homebuyers. The anti-profiteering clause in GST law would ensure that the benefit of the tax reduction because of GST is passed on to the buyers at all costs. The elimination of ‘tax on tax’ or tax cascading would be one of the biggest benefits of GST on Indian real estate that would gradually lead to lowering of property price in India.

Excluding stamp duty, a homebuyer, before GST implementation, had to pay a total of 11% tax; the actual tax might have increased by less than 1% but the homebuyers are rejoicing because of the clarity and transparency brought in by this tax reform.

Real Estate (Regulations and Development) Act
Real Estate (Regulations and Development) Act aka RERA has been implemented in the Indian real estate on 1st May 2017. As per this new regulatory law, all the builders and developers would have to register themselves with the State Regulatory Authority and those who fail to do so would face cancellation of their real estate license. The Real Estate Act is to empower the property seekers and homebuyers to raise a voice against the unscrupulous builders or developers.

This Act would bring transparency in the real estate in India and enable the aggrieved buyers to seek redressal from the builders. Builders who delay the project, use one project’s money into another project or even drop the project would have to pay interest to the buyers owing to this revolutionary act. Timely completion of projects, ease of inquiring, complaint registration and the transparency brought in by the RERA.

Pradhan MantriAwasYojana
The Pradhan MantriAwasYojana aka PMAY is the torch-bearer of PM Narendra Modi’s dream of “Affordable Housing For All By 2022”. This mission came into force on 25th June 2015 and seeks to provide affordable housing to all the citizens of India by the end of 2022. To fulfill this mission, the Indian government is coming up with new and affordable housing schemes so the people of India, especially the low and middle income group of the society, would be able to have a roof over their heads.

The government has decreased the home loan interest to 6% for those who want to take a loan for up to INR 9 lakhs and for those desiring a loan of up to INR 12 lakhs, can now get it at a 3% interest rebate. If the homebuyer complies with all the conditions put forward by the government, he/she can avail these attractively affordable offers and have a roof over their head in no time. A trigger in the home buying process would be seen gradually and people would now be investing their money on cheaper EMIs instead of paying house rents.

Advantages of Rent To Own Property

Many property owners these days are more than ever ready to offer their properties with Rent-To Own option. The primary reason being there are more properties in comparison to potential buyers. Before moving into the house the potential buyer has to sign a document. According to the document, the property buyer usually has to pay an increased/specific amount of rent to the property owner till the time he/she finally buys the property. There are many Advantages of Rent-To-Own Property which are following:

Advantages for Property Buyer

  • Experience the Home & Neighborhood: The Rent-To Own option gives opportunity to the buyer to stay in the property for a considerable time on rent. This way the buyer can judge whether his/her stay in the property would be pleasant or bad. The buyer can also experience the neighborhood overwhelmingly before finally deciding to purchase the property.
  • Enough Time to Arrange Finance: Buying property means making a life time investment! Getting the loans sanctioned from the banks is also at times very time-consuming. By signing the Rent-To Own option contract, the property buyer gets enough time to arrange the money. The property buyer can also meanwhile sell the old house at the desired price and buy the new property when the full amount for buying the new property (in which he/she is living on rent) has been arranged.

Advantages for Property Seller

  • Savings on Maintenance Cost: When a property owner gives a property to a buyer on Rent-To Own option, it becomes sole responsibility of the buyer to take care of the property. The buyer also feels conscientious to maintain the property properly as it would be his/her future property.
  • Fixed Selling Price: The selling price is mentioned in the contract signed between the buyer and seller. In case in future, the property price falls; the property buyer would be bound to give the decided price as written on the contract. The tenant wishing to purchase the property is usually allowed to stay in the property for a period for 2-3 years and rent has to be paid every month. The tenant may also be required as per the contract to make a non-refundable deposit to the property owner. In an event the tenant is unable to buy the property; the property owner has the liberty to sell the property to any other buyer. Rental Property in India

Best Investment in Real Estate – Residential Property

Many real estate laws and regulations have come to the fore in the past one year, making Indian real estate a lot more transparent and lucrative market. Whether we talk about the Real Estate (Regulations and Development) Act or the Pradhan MantriAwasYojana, the government has taken various initiatives to make the residential property more favorable for the buyers. These government policies and rules have made real estate a more profitable sector, not just the homebuyers, but also for the people who are looking forward to investing in real estate. Be it the residential plots, apartments, flats, or lands, the investors are putting high bets in the residential sector of Indian real estate to get promising returns.

The Indian housing sale has also increased by 70% in the Q1 of 2017 with 23,000 units sold as compared to the Q4 of 2016 where only 14,000 of them were sold. Both the primary and secondary markets for residential property in Indian real estate have seen a positive shift in the first half of the year.

There are many government initiatives that have made people more interested in investing their hard earned money in the residential sector as compared to the commercial sector. Some of these are:

  • Real Estate (Regulations and Development) Act: The Real Estate (Regulations and Development) Act aka RERA has been enforced in India on May 2017 and is one of the main reasons why people are showing more interest in investing their money in the residential real estate. Buyers are getting empowered and can now file a complaint, know the status of projects, and compare the builders easily on the state regulatory authority website through this act.
  • Goods and Services Tax: Another reason that has made investi8ng in residential real estate more lucrative is the Goods and Services Tax that has been enforced in India on July 2017. GST would bring more transparency in the taxation system and has even lowered the tax rate on various types of residential projects. The benefit would this lowered and transparent taxation would be passed on to the homebuyers as well.
  • Pradhan MantriAwasYojana: The Pradhan MantriAwasYojana is an initiative by the PM Narendra Modi-led government to provide affordable housing facilities and even provide housing to all by the end of 2022. As a part of this scheme, the interest rate has been reduced and subsidies have been offered on the purchase of residential real estate which is attracting people towards this sector.
  • Demonetization: The revolutionary demonetization move by PM Narendra Modi that startled the public in November 2016 is also a major reason why more white and transparent investment in the residential real estate would be seen. As a long term effect of the demonetization move, the prices of real estate have seen a decrease and would bring higher returns in the future.

Moreover, the rental income that comes with residential property is an add-on bonus. You can pay the EMI on the property with the rental income that you are getting. All in all, investing in residential property is sure to get you higher returns because of the increasing demand in this sector.

Factors That Influence the Market Value Of Your Home

A house is made of walls and beams; a home is made of love and dreams. In fact, we spend our lifetime savings to buy the best house for our family. A home is, indeed, a lifetime investment and if by any chance, we have to put it out in the listings for sale, we leave no stone unturned to ensure that it fetches the best possible price. To get this, before analyzing the property trends and rushing to property agents the first thing you should do is to identify the major factors that affect the market value of your home.

There are many factors that can affect the price of your home. From the location and connectivity to the basic amenities and the upgrades made, anything can affect the market value of your home. That said; here are the 5 major factors that can appreciate or depreciate your home value.

#1 House Age And Renovation
The age of your house is also instrumental in affecting the price of your house. We’re not talking about the historic-type old houses here, they undoubtedly fetch a big sum; what we’re talking about are the houses that are three to five decades old. Such houses can be a hard sell. However, if the timely renovation have been done and the house is decked up with all the latest amenities and interiors like a modular kitchen, well-tiled modern bathroom, and other necessary upgrades, it will definitely appreciate the value of your home a notch higher

#2 Location
The top factor that can be decisive in determining the value of your house is the location. Where your house is located, whether it is nearby schools and higher education institutes or not, what are the nearby medical facilities and how connected the area is in terms of transportation; all these play an important role in raising or dropping the market value of your house. Proximity to local markets, shopping complexes and, recreational centers also plays an important role in determining the value of your home.

#3 Distance From Commercial Hubs And Industries
A house located near a commercial hub attracts more buyers than one that is at a located far away. Buyers seek a house in a location that is easy to commute from their offices, and if your house is near a commercial hub, more buyers would be interested in the property. So, if your house is near an IT hub or any other business and commercial hub, your house value would certainly increase. Contrary to that, if your house is located near an industry, chances are, it may have a negative effect on the property price. Industries give away toxic pollutants in the surrounding and even make a lot of noise; therefore, buyers tend to stay away from houses near an industry which depreciates the value.

#4 Parking Space
Lack of parking spaces is increasingly becoming an important issue in metropolitans as well as in cities and towns. According to a recent study, having a single parking space added to the house can increase the property value by up to 5%. The reason being that 90% of the populace today has a vehicle of their own and would certainly show more interest in a property where they can park their vehicles safely than the ones that do not offer this facility. No wonder that parking space availability act as a major decisive factor for the price rise or drop for residential & commercial properties for sale.

#5 History Of The Place
If your home has had some history like getting flooded, pest attack or fire incident, it may attract fewer buyers as they may doubt the strength of the foundation. Other negative events like a suicide, criminal activity or sudden death may also be a reason for buyers to put a low price for your property. Any negative event in the history of the house can make your home a hard sell and depreciate its value.

Ahmedabad Real Estate Still Has The Charm

Ahmedabad is a beautiful city slumping in the state of Gujarat. Giving haven to a considerable population and also providing them profuse opportunity to earn a living and have a quality lifestyle, Ahmedabad induces many real estate investors to come and invest here. From past few years, investors both Indian and NRIs are getting attracted to the city like bees get attracted to the honey. People looking for homes in and around city are opting to buy residential properties in Ahmedabad, since the homes are very affordable here.

Overview of Residential Properties in Ahmedabad

The homes in Ahmedabad are contrived to have all basic and modern amenities like electricity, water supply, swimming pools, good security system, etc. The homes are also near to parks, playgrounds, and health clubs.

The potential buyers yenning to purchase properties here can choose according to their budget. Whether one needs an affordable accommodation or the most luxurious one, there is a perfect property for everyone here.

Budget friendly properties include 2 and 3 BHK flats and apartments. And if one is looking for an elite and stupendous sort of a residence, then one can choose from the astoundingly impressive villas and condos.

Buying a residential property here does not involve any intricacies and hassles. Most of the sellers accept payment by installments.

Ahmedabad is the hybrid of clean and fresh environment and pompousness of an urban life. Many dream to have a home in a place like this which has nature coexisting peacefully with the concrete. In the past few years the prices of the residential properties straggling on the peripheries of Ahmedabad has skyrocketed. The real estate investors looking for a worthwhile deal can think about investing in the properties here for good returns. Whether one is coveting to invest in 3 BHK property or a 4 BHK property, one can find a suitable property without much effort. Start searching for your favorite property through local registered Ahmedabad real estate agents or other sources like web portals, magazines etc.

5 Factors That Affect The Market Value Of Your Home

A house is made of walls and beams; a home is made of love and dreams. In fact, we spend our lifetime savings to buy the best house for our family. A home is, indeed, a lifetime investment and if by any chance, we have to put it out in the listings for sale, we leave no stone unturned to ensure that it fetches the best possible price. There are many factors that can affect the price of your home. From the location and connectivity to the basic amenities and the upgrades made, anything can affect the market value of your home. That said; here are the 5 major factors that can appreciate or depreciate your home value.

To get this, before analyzing the property trends and rushing to property agents the first thing you should do is to identify the major factors that affect the market value of your home.

#1 House Age And Renovation

The age of your house is also instrumental in affecting the price of your house. We’re not talking about the historic-type old houses here, they undoubtedly fetch a big sum; what we’re talking about are the houses that are three to five decades old. Such houses can be a hard sell. However, if the timely renovation have been done and the house is decked up with all the latest amenities and interiors like a modular kitchen, well-tiled modern bathroom, and other necessary upgrades, it will definitely appreciate the value of your home a notch higher.

#2 Location

The top factor that can be decisive in determining the value of your house is the location. Where your house is located, whether it is nearby schools and higher education institutes or not, what are the nearby medical facilities and how connected the area is in terms of transportation; all these play an important role in raising or dropping the market value of your house. Proximity to local markets, shopping complexes and, recreational centers also plays an important role in determining the value of your home.

#3 History Of The Place

If your home has had some history like getting flooded, pest attack or fire incident, it may attract fewer buyers as they may doubt the strength of the foundation. Other negative events like a suicide, criminal activity or sudden death may also be a reason for buyers to put a low price for your property. Any negative event in the history of the house can make your home a hard sell and depreciate its value.

#4 Parking Space

Lack of parking spaces is increasingly becoming an important issue in metropolitans as well as in cities and towns. According to a recent study, having a single parking space added to the house can increase the property value by up to 5%. The reason being that 90% of the populace today has a vehicle of their own and would certainly show more interest in a property where they can park their vehicles safely than the ones that do not offer this facility. No wonder that parking space availability act as a major decisive factor for the price rise or drop for residential & commercial properties for sale.

#5 Distance From Commercial Hubs And Industries

A house located near a commercial hub attracts more buyers than one that is at a located far away. Buyers seek a house in a location that is easy to commute from their offices, and if your house is near a commercial hub, more buyers would be interested in the property. So, if your house is near an IT hub or any other business and commercial hub, your house value would certainly increase. Contrary to that, if your house is located near an industry, chances are, it may have a negative effect on the property price. Industries give away toxic pollutants in the surrounding and even make a lot of noise; therefore, buyers tend to stay away from houses near an industry which depreciates the value.

How Home Automation Makes for an Easy Way of Life

Home automation happens to be one of the multitude of tasks that are becoming easy thanks to the internet. This process to explain simply would be to automate the inner workings of a house using technology. All the gadgets that we use inside our homes to ensure that our day to day lives go on without a hitch contribute to this process. The coming together of various technologies and gadgets to help us finish tasks which were previously time consuming is just one facet of home automation.

Home automation has made science fiction of the yesteryears the reality of today. What one thought was just an idea on the pages of a book or a movie a few decades have become something that we can’t do without today. A fine example of that would be the touch screen technology. No one would have thought this was possible about a decade or so ago. But this technology has really changed the way we live our lives today.

Touch screens aren’t the only things to come out of the human imagination. Many other technologies have become an integral part of our lives and have invaded our house. One such thing is the internet. It is very hard to imagine life without the internet. We watch movies, communicate with one another and carry out a multitude of tasks thanks to this technology.

The Internet of Things is making a whole bunch of things possible within the house. This technological advancement can mean a lot of things for the home owner. It allows all the gadgets inside a home to communicate with each other to ensure that you have a smooth living situation. This means that a wide variety of gadgets can come together and be programmed to ensure your comfort. It could be as simple as turning on the lights and air conditioning before you enter your apartment after a long day at work so that you get greeted with the right indoor temperature to ensuring that your property and belongings are being constantly monitored and protected from robbers.

Security and constant vigilance are an integral part of home automation. There are home security systems which can constantly monitor your living space to ensure that you don’t fall prey to those who are bound by greed and covet what is not theirs. A wide range of gadgets from CCTV cameras to digital safes and locks can make your home a safe haven for your family. These full blown security systems can alert the police if there is a break in among other things. It has become a necessity to install these systems rather than a luxury. You need not blow up a lot of money on these and go for budget friendly options if money is a problem.

Home automation is all about making your home smart so that you can uncomplicated your life. If you make smart choices you can rest assured that your time and energy can be saved and focused on things that matter.

Interior Design Ideas to Make a Room Looks Smarter

It’s always been a difficult task to keep small living space organized. But, there are several smart interior decor ways to make a tiny room look bigger. Here are some of the best residential interior design ideas and tips that can transform your living room.

Finding a spacious home to either rent or buy within city limits would be more expensive. Thus, many home seekers with limited budget prefer small homes or studio apartments. With increasing real estate prices in cities and reduced homes sizes, it has become even more critical to follow smart interior design ideas to make your home look nice and chic.

Avoid Luxury Window Treatments

For small sized rooms don’t use window treatments that are too heavy and ornate. These luxury widow treatments add beauty to the room, but these drapes and curtains that are made of heavy materials will restrict the room from getting natural light. So it’s better to make use of the window in a small room to bring in light to every corner. Especially, light-coloured walls along with the sunlight would make your tiny living space look larger. Sheer lace curtains, slatted window blinds, or bamboo shades are ideal for uplifting your interior décor of the room.

Prefer Light Colours

Always say a big ‘No’ to darker colours in interior spaces for walls and other dominant room features like curtains, sofas etc., if the size of your room is small. According to interior design experts, lighter colours would bring in the illusion of a larger area. Though dark colour themes are more trendy and design-friendly, it best suits the spacious rooms. If you use a dark colour in a space-challenged room, it will make it look even smaller.

Wall with Stripes

When it comes to wall decoration in small indoor spaces, adding either vertical or horizontal stripes to the interior design can generate the illusion of larger space. To make your living room look wider, it’s best to use horizontal stripes. And, vertical stripes help to make your look larger in an upward direction. Also, ensure the colour that you use matches the rest of the furniture and fabrics in your room.

Choose Furniture with Legs

While buying indoor furniture for your home, always prefer the ones which have legs, as it opens up a small space. When it comes to large furniture without legs that rests directly on the floor, it will consume more space and would make the room interior look even smaller. On the other hand, furniture with legs showing will make your small room look brighter with more light. Alternately the room is easy to clean and also small things can be pushed under the furniture like foot wear when you are sitting in the room, low tables and stools.

Use Multifunctional Furniture

When you live in a small living space, it’s always ideal to use multifunctional furniture to utilize space in a tiny room. You can prefer sofa with storage facility or a fainting couch that opens for storage. To create more space in a small living room, it’s better to downsize the furniture in your room.

Ahmedabad: Top Corporate Realty Market of India

Ahmedabad has emerged as the biggest commercial real estate market in India. According to the latest CB Richard Ellis (CBRE) report, this city has been a leader for the past five years in terms of office space stock and office space absorption trends.

“Ahmedabad’s investment grade office stock grew exponentially from less than 20 million square feet in the early 2000s to 127 million square feet in 2015-at a compound annual growth rate (CAGR) of 13 per cent over the last 15 years. This has placed the city well ahead of other leading Indian office hubs”, CBRE said in a statement.

Top Corporate Realty Market of India

A combination of factors are responsible for making Ahmedabad the most sought after corporate realty destination. Some of the most critical factors have been discussed below:

IT/ITES sector:

Known as the Silicon Valley of India, Ahmedabad has witnessed phenomenal growth in the IT/ITES sector since the early Y2K controversies. Home to more than 40% of the total IT companies in India, the city still continues to attract foreign investment because of supportive government policies, conducive to growth culture and exceptional talent pool. This trend has created a huge demand for commercial real estate spaces in the city for constructing retail spaces, commercial office spaces, IT city centres and IT parks.

Connectivity:

Another reason why this city is considered as a preferred base for corporates is its excellent connectivity. Ahmedabad is home to the third largest airport in India, it is a major railway hub, and has convenient access to major economic centres of India – Mumbai-Pune region, Hyderabad, Chennai and the West Coast. In addition, the city’s local transportation network is superior to that of most other cities in India.

Growth of E-commerce and Global Captive Centres (GCCs):

Off late, major demand for commercial real estate in Ahmedabad is coming from e-commerce players and on-demand car-sharing players. Also, this city plays host to the largest number of GCCs in India, contributing to increasing demand of commercial real estate.

Breeding Ground for Start-Ups:

The booming technology sector, availability of a huge talent pool and stable government has made Ahmedabad a fertile base for starting and running successful businesses. This flourishing start-up culture is also responsible for boosting the demand for commercial realty in Ahmedabad.

Talent Pool:

Ahmedabad is home to many internationally renowned management, medical and engineering colleges. The availability of highly qualified skill pool has been one of the major reasons why corporates prefer to establish their operations in this city.

Therefore, it is evident that Ahmedabad has all the potential to sustain its position as a leader in corporate realty market in India.

Residential Apartments In Ahmedabad Good Investment Option

Ahmedabad, the town of dreams should be visited at least once in your life span. Ahmedabad is developing extremely fast as people constantly look to stay in Ahmedabad with the aim of follow a good career, and several people come just to visit it as a traveler’s place. Regularly, the population is quickly growing and residential properties in Ahmedabad are developing to give safe haven to the upcoming age group.

With the growing employment prospects people are rushing to purchase the apartment for sale in Ahmedabad so that they have their personal permanent safe house. The increasing population these days is evenly supported by the increased buying power that’s why the public are in a rush to purchase apartment for sale in India. As per this existing trend you can say that India is certainly experiencing an apartment boom.

The real estate companies of Ahmedabad are trying tougher to fulfill the ever augmenting demand of Real Estate Properties in Ahmedabad. Really with the growing industries and the development of different types of industry people are coming to live in these big cities for practiced purposes and this trend make them search a good living place for themselves through their family.

So it becomes necessary to have a decent flat or house where they can stay and live their life quietly. But at the same time they require to think regarding their budget too. That is why they search a support that could help them in getting the right home or flats in Ahmedabad without crossing their budget. Hence the major motto of the Ahmedabad real estate is not just to offer their customers a good home or flat, but to offer them a reasonable one which they can simply pay for.

Furnished flats in Ahmedabad differ a lot in the cost range because of the quality and advantage every suburb provides. While several suburbs offer transport benefits, some have a great comfortable lifestyle.

Here are several of the reasons why the city tops the list of sought-after asset destinations:

  • Ahmedabad offers a good confined market for absorbing resale actions.
  • An increasing number of builders are currently offering transparent exit options. As there is ease of exit, investors choose such markets.
  • The market provides good-looking discounts and schemes.
  • In 2017, the residential record piled up in Ahmedabad & this gave investors a possibility to get good bargains.

Another motive is the introduction of global companies to Ahmedabad that has impacted the assets values. Their arrival, of Multinationals, Information technology giant and further big companies in Ahmedabad has spurred the latent demand for high-end and luxury properties. The expert employed with these companies has high salaries and hence opt to buy 2 bhk flats in Ahmedabad instead of renting them out.

Residential property in Ahmedabad is although a grand investment and numerous people who love to invest in flats as numerous find it necessary to purchase several Luxurious flats in Ahmedabad due to the forever growing property rates. Also, with the large accessibility of flats in and around Ahmedabad, several of them either tend to purchase it or take it on rent if buying tends to be costly.

Even though the charge of flats and New Projects in Ahmedabad has been on the increase in the past 4 5 years, there has still been a rise of real estate in Ahmedabad as increasingly people still purchase the flats seeking potential investment.

Crucial Tips for NRIs Investing in Indian Real Estate

Non Residential Indians (NRI’s) holding Indian passports, unlike foreign origin people, hold similar rights as Indian residents in property ownership norms under FEMA rules. They can invest and own Land in the form of Residential and Commercial units, except forests, or agricultural land. Smart NRI’s have taken advantage of these rights and favourable exchange rate differentials to buy properties for their investment potential and sometimes a future retirement home.

However, it’s not always smooth sailing for them. Stories are around of NRI’s falling prey to wrong property investment decisions including fraudulent ones. Real estate, like all financial investments require proper due diligence on the part of the buyer. Here are some tips for the discerning NRI investor who wants to invest in the Indian Real Estate Market:

Purpose: NRI’s are advised to understand their risk appetite and invest in Indian Real Estate with a clear purpose. If its returns that they are interested in, they can get direct exposure by buying real estate units in a developed area and then renting it out. They could also buy equity shares of listed real estate developers which could give them an indirect exposure. NRI buyers sometimes also look for a future retirement home, and this could lead them to investing in a developing area.

Location: Like any real estate deal the world over, location is important. In a country like India where infrastructure lags demand, a location closer to better infrastructure would yield greater long term returns.

Reputation of developer: It is imperative for any customer to do a thorough check of the track record of the developer if it’s a primary sale. Past delays in project implementation and history of complying with laws will give a good indication of the reliability of the developer.

Government policies: Real estate in India is susceptible to changing government regulations. Investment in forest, plantation and agricultural areas are a no-go for NRI’s. Policies related to leasehold, freehold, zoning areas require careful understanding in addition to future plans of the government for that location.

Legal title/document checks: It would be advisable for the NRI buyer to also check the legality of the property. Confirmation should be sought about current owner, past history, any legal disputes, and local regulatory approvals before any deal.

Tax implications: NRI’s should also think through the tax implications including withholding taxes, TDS at the time of a purchase, rental taxes and property taxes should be properly understood with the help of a tax attorney. For NRI’s looking for capital appreciation, it is recommended to stay invested for at least three years to avoid short-term capital gain tax.

Finally, property management is crucial. NRI’s would do well to hire a good property manager or a broker as they may not be in the country all the time. This combined with a sound exit strategy at the appropriate time with good returns will provide the peace of mind every deserving NRI should get when they invest in the Indian Real Estate market.

Six Things to Remember When Applying for a Home Loan

Nowadays, buying homes is no longer an impossible feat. Financial and Non-financial institutions readily provide home loans at attractive rates to prospective buyers. However, there are certain aspects that need to be taken into account before applying for a home loan.

Know your Loan Eligibility:

Typically, Banks can sanction up to 80% of the property value as loan amount subject to your past history in paying credit card dues, home loans, if any, and your current income. Another point to note here; while calculating your net income, banks usually exclude heads like Leave Travel Allowance (LTA) and medical allowances as employees are expected to use them for personal consumption. Only that part of your income will be considered which can actually be utilized to pay off the loan amount.

Know your CIBIL Score:

Your home loan eligibility also depends on your credit score. The Credit Information Bureau India Limited (CIBIL) scores every individual on a scale of 300 to 900 depending on his/her past credit history, management of accounts, management of previous loans, if any, history of any bounced checks, etc. Usually a score of above 700 is considered acceptable for sanctioning of home loans. All financial and non-financial institutions make it a point to check the CIBIL score before sanctioning a loan.

Types of Interest Rates:

There are two types of interest rates – fixed and floating. It is important to understand the difference between the two as these will have a profound impact on your monthly EMI amount. Fixed interest rates are immune to changes in the market conditions and will stay stable throughout the loan tenure, and hence are advisable if interest rates are likely to increase. The floating interest rates change in response to fluctuations in the markets. Therefore, it would be sensible to choose this option if interest rates are predicted to fall.

Loan Tenure:

The calculation of monthly EMI on home loans is based on the loan amount, the interest rate on loans and the tenure. There is an inverse relationship between the EMI and the loan tenure. That is to say, if the loan tenure is long, then the EMI amount will be less on a monthly basis and vice versa. However, it is also to be noted that there is a direct relationship between the tenure of the loan and its interest rates. So, if you opt for a longer tenure, then the amount you pay as interest will be much higher than if you opt for a short tenure period. Hence, careful analysis of different permutations and combinations are needed before you make a decision.

Choose the Lender With Care:

Do careful research before settling on a lender. Look for things such as terms and conditions of offering a loan, the interest rates, loan repayment options, customer service, charges for termination, etc., and go for the one that offers you the best package.

Read the Agreement Documents with Care:

Make sure you read the loan contract carefully with special attention to the small print before signing it off.

These tips can go a long way in simplifying the loan approval process and bringing you a step closer to possessing your dream home.

The Ever Rising Demand of Flats in Ahmedabad

Ahmedabad is the dream city of many. Be it for educational purpose to find that dream job, we often find many people moving to this city to fulfill their dreams. If you are one of those who have moved this ever active city and are looking out for flats to buy in Ahmedabad, then you certainly wouldn’t be disappointed for sure.

People who are looking for homes to buy in the city of Ahmedabad can choose flat located at various locations. A number of people often look for luxurious options that are also affordable at the same time. You can find a number of 2 BHK or 3 BHK options in Ahmedabad and this is due to the launch of a number of small sized projects due to the ever rising demand.

The real estate market can be expensive for the community of middle class. This is due to the reason that the city of Ahmedabad is the most sought after locations when it comes to investments in real estate. A number of people also prefer to buy the flats in Ahmedabad as they provide all the basic amenities and a very organized infrastructure.

There are a number of factors that are considered by a number of middle class home buyers. The most important of this is the budget and there are a number of Residential projects in Ahmedabad that are launched to meet up the expectations of the middle income group. A number of property developers too are coming up with all new projects that are affordable and these are mostly located at the Ahmedabad Pune Expressway. The rise in demand for a smaller house which suits the budget is the prime reason for the launch of these projects. This is indeed a win win situation for a home buyer as well as property developer. The builders need not lose out on their profits and even the home buyers get a flat that suits their requirement and budget.

A number of builders are also coming up with ultra modern and luxurious projects that suit the upper middle class and the rich community. Businessmen do not shy away from spending huge sums of money to own their dream property and they also prefer houses that are located very much near to the commercial hubs.

Buying a property in Ahmedabad is indeed a good investment. The money that gets invested in a good property never goes wasted. All one needs to make sure is to take an advice and choose the right property located at a prime location. With time, the price of the property only gets appreciated and you are good to earn some profits.

So, if you are one of those looking to rent or buy a property in Ahmedabad, do not hesitate. Instead, look out for some of the best properties located in this ever busy city and blend in with its busy lifestyle. With the properties offering the best of amenities at the best prices ever, you as a home seeker will never get disappointed.

Insanely Unique and Mind Blowing Buildings Around the World – Part 1

Indira Gandhi Planetarium, India

“Situated at Surajkund Park, it is a novel attraction of the city. The Saturn shaped building of the planetarium is unique of its kind.” Indira Gandhi Planetarium building is in unique Saturn shape with its five rings. The 21 meter diameter spherical building of the planetarium rest on platform, which is especially designed to give an idea of crater formation on celestial bodies. The platform is surrounded by waterpool with fountains.

Montana Magica Lodge, Chile

A strange volcano-like building spews water instead of lava; its welcoming windows embellish with moss and vines, complementing the surrounding trees.

Deep in southern Chile lies the Montana Magica Lodge – an extraordinary hotel hidden away in the centre of a 300,000-acre private nature reserve. It might be completely artificial but the Montana Magica lodge in Chile even ‘erupts’ every day, sending water running down the outside of the 13-room guest house. This incredible, mind-blowing building is startlingly beautiful, and is nestled in the heart of a gorgeous natural reserve in South America.

Singapore Pavilion, Singapore

The music-box-like Singapore Pavilion is a two-story structure with an “Urban Symphony” theme. The theme is inspired by the harmony of unique elements in Singapore: progress and sustainability, urbanization and greenery, tradition and modernity and a cosmopolitan mix of residents of different races living peacefully together. The pavilion incorporates an orchestra of elements into its design – music fountains, an interplay of sounds and visuals, and roof garden flora, with the country’s unique rhythm and melody.

Toilet-Shaped House, South Korea

The Toilet-Shaped House has a very unique design, and was built by Sim Jae-duck, the chairman of the organizing committee of the Inaugural General Assembly of the World Toilet Association, and he hopes his toilet house will highlight the global need for better sanitation.

Sutyagin House, Russia

The Sutyagin House was a wooden structure in Arkhangelsk, Russia. The 13-story, 144-foot tall residence of a local entrepreneur Nikolai PetrovichSutyagin was reported to be the world’s tallest wooden house. Constructed by Sutyagin and his family over 15 years, without formal plans or a building permit, the structure deteriorated while Sutyagin spent a few years in prison on racketeering charges.

Piano and Violin Building, China

This unique piano house was built recently in An Hui Province, China. Inside of the violin is the escalator to the building. The building displays various city plans and development prospects in an effort to draw interest into the recently developed area.This unusual Piano and Violin shaped building built in 2007 serves as showroom for exhibiting the plans for newly created district of Shannan in Huainan City, China.The transparent Violin houses the escalators and the staircase for the main piano building which displays various plans and development prospects for newly developed area.

Nautilus House, Mexico

The Nautilus house located near Mexico City is a unique shell shaped house designed by Mexican architect Javier Senosiain of ArquitecturaOrganica. The house design is very innovative, unusual and audacious. Javier Senosiain decided to bring the life aquatic into architecture.

PricewaterhouseCoopers Building, United Kingdom

The PricewaterhouseCoopers building claimed to have the title of the most environmentally friendly building in London. This marvelous structure makes use of renewable energy sources and integrates an advanced IT system. This system lets workers change the light and temperature in their space to suit their individual needs.

Masdar City, Abu Dhabi

The low-carbon development of Masdar City has an integral role in transforming Abu Dhabi’s economy from an oil foundation to one with a knowledge and innovation base. It serves as a centralised test bed for global renewable energy and technology companies. The city itself is designed to maximise convenience and reduce environmental impacts.

Crystal Island, Russia

This eye-catching building,crystal island in Moscow is set to become the world’s largest building. Enclosed within a vast mega structure covering a total floor area of 2.5million square metres – the project’s scale is unprecedented. At 450m the scheme in one of the tallest structures enclosing the largest volume, on the planet. It also creates a spectacular new emblem on the Moscow skyline. Conceived as a self-contained city within a city, it contains a rich mix of buildings including museums, theatres and cinemas, to ensure that it is a major new destination for the whole of Moscow.

Reasons Why Investing in Real Estate – Something is a Wise Choice

Whether the US market is booming or busting, there is one kind of market where you can always find deals and make money: the real estate market. This market is arguably the best market that a person can seek to invest in, and in this article, we are going to outline the reasons for why that is.

Furthermore, we will show you some of the myriads of ways that you can get your feet wet with real estate investing. Another thing that makes the real estate market so great to invest in is that you actually don’t need a lot of money to get started, which makes it great for young people.

Reasons Why You Should Invest in Real Estate From a Young Age

As I mentioned above, real estate is arguably the best investment that an investor can make. This is because real estate does three (and maybe four) things:

  1. It generates cash flow.
  2. It builds equity.
  3. It allows for depreciation.
  4. It can potentially appreciate in value over time.

Furthermore, if you decided in your twenties to invest in real estate directly through rentals and the like, many young people are actually able to qualify for a Federal Housing Administration (FHA) loan that only requires a 3.5% down payment and has a traditionally low-interest rate. That makes the real estate market really accessible for people who may not have the 20% down payment that a bank would charge for a mortgage!

Real Estate Produces Cash Flow

Cash flow is, by definition, the movement of money via revenues and expenses. Real estate investing provides an investor with the opportunity to generate positive monthly cash flow. If you directly purchase a property and then rent it out to tenants, it is highly possible that the rent you charge will pay off all of the monthly expenses for the house and even chip away at the mortgage for you. On top of that, you may get to keep a little bit of positive cash flow for reinvesting each month! Of course calculating your monthly expenses and accurately forecasting how much you can charge in rent prior to purchasing any property is critical to making sure that the properties you purchase will be cash flow positive.

Real Estate Builds Equity

As that cash flow is continually generated, your mortgage on your property will be paid down a little bit each month. Over time, as those mortgage payments begin to chip away at the principal of the loan, you will accrue equity in your property. This equity can be used as a store of wealth, as a back-draw for loans, and even as collateral in other types of agreements.

Real Estate Can Be Depreciated for Tax Purposes

This is where purchasing real estate becomes really exciting. The government currently allows a commercial property owner (someone who buys properties for investments) to depreciate their property over a designated time period. This depreciation can be applied against one’s tax bill each year in the form of a deduction.

Imagine for a second that you are in the 28% tax bracket and you are able to use $20,000 of depreciation from your property to offset your tax bill. That is a $20,000 reduction in taxable income which translates to a $5,600 tax reduction!

It is this principle of depreciation at work in real estate that really leads investors to think of investing in real estate as " generating money out of thin air ", which is sort of what depreciation is.

Real Estate Can Appreciate in Value

Finally- the icing on the cake. If you are able to purchase properties in the right price and at the right time in the right locations, you will find that those properties will appreciate in value over time. While this appreciation can’t always be expected, it is possible that your equity in the properties you own will increase as a result of appreciation.

How You Can Invest in Real Estate

Now, all of the benefits that I have just described have mostly applied to rental real estate, which is sort of like the " ultimate form " of real estate investing because it offers so many perks. However, not everyone is cut out for being a landlord and managing tenants. With that said, there are a couple of other ways that you can invest in real estate without having to manage it directly.

REITs

Real Estate Investment Trusts (REITs) are publicly or privately traded shares that allow a person to gain access to some of the benefits of real estate investing without having to manage properties directly.

In fact, many REITs actually trade on a stock exchange just like ordinary stocks. Typically, a REIT is a real estate investment company that invests in properties and then passes along a portion of the profits to shareholders, who are sort of like limited partners.

REITs are regulated under the Investment Company Act of 1940, and there are a series of rules that their management teams are required to follow such as keeping to strict financial reporting standards and the like. These requirements are generally meant to keep investors safe, but please know that investing always involves chance of loss.

Direct Partnership Plans

Direct Partnership Plans, or DPPs, are another type of investment that allow investors to get in on real estate (as well as other sector) action without having to directly manage anything. Under this type of investment, an investor will subscribe to being a limited partner with an investment firm.

That investment firm, made up of general partners that manage the day-to- day activities of the firm, will aim to fulfill an investment objective as laid out in their prospectus. Limited partners (i.e. you) are allowed to share in the profits (and losses!) of the partnership but are limited only to losing their principal investment.

General partners are encouraged to manage the business well, because they usually have much higher liability than a limited partner if the business fails. Also, limited partners are not allowed to be involved with the day-to- day activities of the investment company or they could lose their rights to their limited partner status.

How to Decorate the Room for Your Kids?

With regards to adorning a room for youngster, there are numerous things that you ought to remember. Since it will be a room which would require exceptional frill so it stays clean; you got the chance to concentrate on how you can make this room look lovely and more extensive in the meantime. There are numerous perspectives that ought to be kept in sight while finishing a space for your kids. From picking the shades to the furniture things, from divider workmanship to divider paints and a great deal all the more, everything about a room that should be enhanced for a youngster requires careful arranging and much homework.

  1. Study Area:

What great is a room for a youngster without having its own private perusing range? It is as critical as some other hardware in the room. Ensure that you save some space to put a pleasantly finished written work table where the portable workstation and books can be put advantageously. You can get it painted with dynamic hues so it gives a lovely look.

  1. Choice of furniture:

While enhancing a room; one ought to dependably begin with furniture since it is not something you will change for quite a while. On the off chance that you are pondering obtaining any furniture thing for your adolescent child; begin with whatever is in pattern nowadays. Kids nowadays love to have eccentric furniture things in their rooms. Along these lines, go for a decent match of cowhide couches or a recliner that they will treasure.

  1. Natural Plantations:

Keep in mind to add a touch of green to your adolescent’s room as succulent or pruned plants pleasantly organized in racks either on the written work table or in the corners. Your high school child won’t just feel fresher and quiet additionally the ranches will make the room a hypersensitivity free zone so that he or she doesn’t fall sick to the occasional changes.

 

  1. Cute Bean Bags:

Since a young person room shows most extreme levels of easygoing quality and a casual environment; you ought to put some exceptionally crazy things in there. Bean sacks are one of them. They are accessible in delightful outlines and hues and can be made on request too. In this way, you can get them made in acclaimed toon characters or most loved football groups of your child and so on.

  1. Stylish Beddings:

While picking the sheets for a room made for your high school kids; ensure that you remember their decisions. Sheets matter a ton since they can change the whole viewpoint of any room according to the alternatives you go for. Go for bright teenager sofa-bed sets, themed bed sheets, modified pads and pad sets as they will look to a great degree wonderful.

The future of Real Estate in the age of social media

The scenario of the real estate market has completely changed today with the advent of the digital age. More consumers are making use of the internet to fetch information across various spectrum’s before buying homes.

New age developers and buyers have turned to digital medium to connect with one another in a big way. Social media blogs lead to portals of property developers and help buyers to know about their projects. For example if you wish to buy luxury villas in Bangalore or any other city, just browse for the specific property and search by the builder, price, services, or city. How do builders and buyers leverage the social media for their benefits? We provide some answers.

Social media is a gateway for instant advertising

Real estate can leverage social media as an advertising tool that gives customers what they are looking for

Social media has a pervasive presence through channels like Facebook, Twitter, Instagram, Pinterest, LinkedIn, Google Plus and YouTube. These channels have millions of visitors daily.

As an illustrative example, one can choose Instagram to resell a luxury apartment successfully. A single image speaks a million words. It can also sell an apartment quickly. That is the power of social media. Both buyers and builders now understand how to use it effectively. Whether it is Twitter, Facebook or Instagram, the possibilities are endless. A new buyer can check various blogs before buying luxury apartments.

For instance, if a builder is selling Residential Apartments in Ahmedabad, they can use social media to geographically target the customers and update them. This does not mean targeting just those people who are in Ahmedabad; the platforms run complex algorithms capable of targeting people with interests in Ahmedabad, even if they live elsewhere across the globe.

The benefit of social media as a direct marketing tool is that a brand can have full control of campaign once they have understood consumer psyche. If for instance medical doctors prefer residential apartments near hospitals, they can provide that information to them. Builders anywhere can use the medium to build awareness of their presence.

Customers who have already booked apartments can be informed about how the work is progressing, at what stage of completion the project is. This kind of transparency goes down well with consumers and gives the brand image a boost. Similarly, builders use social media to announce new launches, special offers, discounts, etc. as it is a cost effective medium and provides instant responses.

Virtual suites add solid support to business

Builders and developers that have failed to register their presence on social media will find they have lost one of the biggest marketing opportunities.

Digital marketing has taken the business fraternity by storm and even though real estate was hesitant to traverse into unknown waters, it has finally taken a plunge. Perhaps real estate was comfortable in doing its business the traditional way but seeing the onslaught of social media presence, they have no option but to comply with trends.

Today’s customer likes to be well informed about most things that affect them. Buying real estate is one of the biggest decisions they make and so they begin their search on the internet. They check out projects, brokers, completed constructions, under- construction projects, prices, legalities, and even the new technologies used in buildings. Builders and developers have understood that customers like to make informed choices. So they are supplying this information through social media.

Silent communication works effectively,

Websites are no longer just a brand presence but powerful marketing tools

Right communication is the key to marketing. Social media has opened a vast window through which real estate can communicate instantly with prospective customers. Real estate too has caught on to this trend so much so that, besides establishing their brand, they even have marketing teams that communicate effectively on a daily bases with page visitors. These communications contain useful information; images, graphics, and even videos that portray the right brand image of any property located anywhere.

It is possible that mages of luxury villas in Bengaluru build interest in readers in another part of the country. However, for better information these visitors are likely to read the comments and the testimonial pages to get a more realistic picture of the building project. They will communicate with customer service before plunging into any decisions.

Make or break social media reviews

Real estate is a traditional business but consumers prefer a modern and transparent approach. It is best to embrace the new trends to keep business active.

Happy customers mean happy reviews and probably more sales. Real estate can therefore garner the social media to build trust among consumers by offering transparent information and a product that matches consumer aspirations.

Real estate social media marketing campaigns therefore have begun to revolve around the buyer and getting to know market sentiments. So, apartment projects reflect customer choice of features and amenities. Today social media pages often have reviews about real estate projects and these reviews often influence consumer sentiment. Therefore, real estate has to be on its toes to ensure that buyers get what they are looking for or they could find that negative reviews are bringing down their brand image and sales.

Why Indian real estate market is a good investment bet for NRIs

Non-Resident Indians have for long been active and important investors in Indian Real Estate. Settled abroad, NRIs have the advantage of exposure to global standards of real estate. They have been instrumental in bringing financial and technological best practices to India from abroad. The year 2017 has heralded a positive shift in Indian real estate already. Lowering of interest rates, the announcement of new credit linked subsidy scheme have made market finance more accessible. Regulatory updates like RERA and GST are also inducing a lot of positivity in the market. But the biggest news is coming from the affordable housing space which has now been designated with the infrastructure status. NRIs on their part have rewarded these efforts with reinforced confidence and vision.

In this story of rebound, NRIs have taken a strong lead as active buyers of Indian property. The NRI populace at 30 million is almost equal to the entire population of Canada. In 2016, the influence of NRI buyers was clearly observed with rising incomes and improving the economy. By the end of 2016, the total investment in a primary real estate in key Indian markets reached $9.6 Billion. Further, 20 per cent of the NRI investments is made by Non-Residents settled in the UAE. Indians settled in the United States, Canada and Australia also hold significant investments in Indian property markets.

As the demographic focused on younger participants, demand for properties in small unit sizes further rose. 2016 is also remembered for some major initiatives by the central government. The Benami Transaction Act, RERA (Real Estate (Regulation and Development) Act, 2016) and demonetization of higher currency notes of five hundred and one thousand were some of the major steps taken by the government to bring in transparency and better real estate transactions. It brought stability and restricted non – serious investors.

Government intervention alone is not pushing these figures. A depreciating rupee has also provided stimulus to investments from NRIs. The digital medium has also created an unprecedented awareness for property investors today. An online tool like project comparisons carries the ease of comparing different projects on different parameters.

As against $6 billion NRI investments in 2013, the figure is expected to almost double in 2017, with approximately $11.5 billion to be invested this year. This would account for 20% of the total market, estimated to reach the $60 billion mark this year. The figure could go even higher, given the proactive approach adopted by the government in addressing the concerns of the realty sector.

Digital is effectively bridging the geographical gap as almost entire information regarding a property purchase is available with the click of a button. So even if a non-resident is physically able to visit the project site, he/she can still make informed decisions using online resources.

As the new financial year kicks in, Indian Real Estate with the NRI diaspora at the forefront is poised for accelerated growth.

Ahmedabad tops list of youngest realty buyers: Study

According to a joint survey of 10 cities in India by Indian Institute of Management, Bangalore (IIM-B) and Magicbricks (MB), Ahmedabad tops the list of youngest real estate buyers.

The survey titled Housing Sentiment Index (HSI) is jointly developed by IIM-Bangalore (IIMB) and Magicbricks (MB) and is based on an online survey of prospective home buyers after careful screening by MB and IIMB.

A total of approximately 3,000 buyers are surveyed every quarter in an online survey across 10 cities Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore, Chennai, Ahmedabad and Kolkata.

The HSI index for youngest buyers in the 18-25 age group puts Ahmedabad at 131. On the other hand, Kolkata topped the list of oldest buyers in the 50 years and above age group at HSI of 131.

In terms of housing prices, the value of HSI can range from 0 to 200.

A score of 100 represents neutrality, meaning people do not expect house prices to either increase or decrease.

A score of 200 indicates that all respondents expect house prices to increase. A score of 0 indicates that all respondents expect house prices to decrease.

The index also highlighted price sensitivity among real estate buyers in Ahmedabad.

The city saw 62 per cent of those earning less than Rs 10 lakh per annum (HSI 84) look to buy in Ahmedabad while 30 per cent plan to buy in Gurgaon (HSI 144).

Moreover, over 51 per cent of those living in their own houses intend to buy property for residential purpose, implying a move to a bigger/better residence. In Ahmedabad such respondents are 60 per cent (HSI 83).

Among other factors, Bangalore has the maximum IT crowd (51 per cent, HSI 141) while Ahmedabad has maximum self-employed (25 per cent, HSI 92) and retirees (4 per cent). Noida which increased by 33 per cent in the previous quarter, fell by 4 per cent to 124 while Hyderabad fell by 4 per cent to end at 97.

Ahmedabad is the only other city with an HSI below 100.

In Ahmedabad, of the buyers 59 per cent want to purchase property within the next six months (HSI 102) while 22 per cent are ready to wait a year or more (HSI 105).

The HSI survey is conducted by the Indian Institute of Management Bangalore-Century Real Estate Research Initiative (IIMB-CRERI) which was set up through a grant from the Century Real Estate as well as Magicbricks.

Important Tips to Buy a Property in Ahmedabad

Are you planning to buy a property in Ahmedabad? If yes, then you’ve made the right decision. Ahmedabad is a well-developed city in India. Millions of people buy properties in Ahmedabad as it is a wise investment.

Here are some tips that can help you find the right property in Ahmedabad:

  1. Know your needs: You should figure out your requirements and then start looking for the properties. Know what kind of kitchen you need. How many rooms do you need? What kind of a kitchen do you require? Prepare a list of the type of house you need and then start searching for a property in Ahmedabad.
  2. Location: Once you have decided to buy a flat or a bungalow, you should do some research and choose the best location. You should find out whether there are all the essential requirements such as schools, supermarket, hospital, and a good public transport facility in that area. You can talk to the neighbors and find out what facilities are available in the area.
  3. Do some research: Before buying the property, do not forget to conduct research about the history of the property? Inspect the property and then make the decision. Check the electrical wires, water system and plumbing before you invest. Visit the property and get all the details. This would help you get the best deal.
  4. Neighborhood: Nobody wants to stay in a dirty area. It is important that the potential buyers invest in a property in Ahmedabad that has a safe surrounding. Check whether the area has tidy streets. Check the condition of the neighborhood also before making the right choice.

Ahmedabad – Best Residential City Of Vibrant Gujarat

Ahmedabad’s real estate market has witness a rapid pace of development compared to other cities of India and this is the mostly driven by the high rate of industrial growth, states by a professional service and investment management firm. Quality infrastructure, highly competitive real estate costs along with a robust law and order systems makes Ahmedabad a desirable residential and business destination.

Some Important Facts about Ahmedabad

  • Ahmedabad stands no.1 in Tier 1 cities due to rapid industrialization and infrastructure development.
  • BRTS has improved all overall connectivity.
  • Several expressways pass through the city such as Nh-8, 8A, 8B, 8C, all part of the DMIC.
  • The Ahmedabad Vadodara Expressway that connects two vibrant economics in Gujarat: Ahmedabad and Vadodara.
  • No other expressway in Gujarat is as strategically positioned as the highway, which has led to the flourishing of big ticket corporate house along this stretch contributing to the region’s growth and in turn the Realty sector
  • The Under Construction GIFT City is located about 12 km from Ahmedabad international airport
  • The City has ample employment opportunities, social and civic infrastructure and most importantly, capital values here are lower than those of many tier 1 Cities.

The Bus Rapid Transit has given a facelift to the outskirts of the city. There is also a plan to increase FSI and have a transit-oriented development along the BRTS corridor. These will further boost economic activity in this city. The City also has the Sabarmati riverfront project, which plans to provide large open spaces for public use. In additions, there is a proposal to connect Gandhinagar with Ahmedabad, using the metro system. This is expected to increase real estate price along certain sections of the metro corridor between Ahmedabad and Gandhinagar. Apart from the proactive development approach of the government and local authorities, Ahmedabad has another advantage- the cost of living is relatively lower compared to other large cities of India.

The residential real estate market in Ahmedabad is diverse. Residential units in the affordable category are available alongside house and apartments in the ultra-luxury category. The advance retails landscape of the city also attributes the residential real estate worth. The GIFT City (Gujarat International Finance Tech City) that is proposed to be developed as smart city is also giving a fillip to the real estate value of the city. Ahmedabad has quality public transports inform of BRTS (Bus rapid Transit System) and the best part is that Ahmedabad Bus Rapid Transit is the most successful in the country.

Some Facts Help You to Get the Right Property in Ahmedabad

You may have several questions in mind when you are planning to invest in a property in Ahmedabad. Let’s have a look at some and help you get the right property.

Why are real estate developers in Ahmedabad focusing on creating affordable homes?

The growing residential belt is attracting a pool of skilled and unskilled professionals in Ahmedabad. Homes are available anywhere between INR 20 lakhs and INR 45 lakhs. Builders are focusing on developing multistorey buildings that provide cost efficient homes to the people residing in Ahmedabad.Most of them are showing interest to reside here. Reputed and leading real estate developers are piercing into the market with many residential projects at affordable rates.

How well is Gujarat’s/Ahmedabad’s real estate sector developing?

If one is planning to invest in a property in Ahmedabad, there are several options available.The real estate sector in Gujarat has been spreading its wings. Ahmedabad is considered to be a well-developed city in Gujarat with commercial set ups, industries and textile industries being developed in the Ahmedabad. Cities like Surat, Rajkot and Vadodara have also seen great development in the past few years. Government bodies like AUDA (Ahmedabad Urban Development Authority) and the GHB (Gujarat Housing Board) are creating new housing schemes in Ahmedabad and other cities in Gujarat.

Which are the budget-friendly real estate destinations in Ahmedabad?

The active localities in Ahmedabad are Shilaj, Motera and Chandkheda. The prices of the apartments for sale in these areas are very moderate compare to other locations. Commercial and residential spaces are available for the people within this range. The presence of modern facilities, hospitals, educational institutions and malls make these areas a real hotspot in Ahmedabad.

Ahmedabad tops list of youngest realty buyers: Study

According to a joint survey of 10 cities in India by Indian Institute of Management, Bangalore (IIM-B) and Magicbricks (MB), Ahmedabad tops the list of youngest real estate buyers.

The survey titled Housing Sentiment Index (HSI) is jointly developed by IIM-Bangalore (IIMB) and Magicbricks (MB) and is based on an online survey of prospective home buyers after careful screening by MB and IIMB.

A total of approximately 3,000 buyers are surveyed every quarter in an online survey across 10 cities Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore, Chennai, Ahmedabad and Kolkata.

The HSI index for youngest buyers in the 18-25 age group puts Ahmedabad at 131. On the other hand, Kolkata topped the list of oldest buyers in the 50 years and above age group at HSI of 131.

In terms of housing prices, the value of HSI can range from 0 to 200. A score of 100 represents neutrality, meaning people do not expect house prices to either increase or decrease.

A score of 200 indicates that all respondents expect house prices to increase. A score of 0 indicates that all respondents expect house prices to decrease. The index also highlighted price sensitivity among real estate buyers in Ahmedabad.

The city saw 62 per cent of those earning less than Rs 10 lakh per annum (HSI 84) look to buy in Ahmedabad while 30 per cent plan to buy in Gurgaon (HSI 144).

Moreover, over 51 per cent of those living in their own houses intend to buy property for residential purpose, implying a move to a bigger/better residence. In Ahmedabad such respondents are 60 per cent (HSI 83).

Among other factors, Bangalore has the maximum IT crowd (51 per cent, HSI 141) while Ahmedabad has maximum self-employed (25 per cent, HSI 92) and retirees (4 per cent). Noida which increased by 33 per cent in the previous quarter, fell by 4 per cent to 124 while Hyderabad fell by 4 per cent to end at 97.

Ahmedabad is the only other city with an HSI below 100. In Ahmedabad, of the buyers 59 per cent want to purchase property within the next six months (HSI 102) while 22 per cent are ready to wait a year or more (HSI 105).

The HSI survey is conducted by the Indian Institute of Management Bangalore-Century Real Estate Research Initiative (IIMB-CRERI) which was set up through a grant from the Century Real Estate as well as Magicbricks.

Important Tips to Buy a Property in Ahmedabad

Are you planning to buy a property in Ahmedabad? If yes, then you’ve made the right decision. Ahmedabad is a well-developed city in India. Millions of people buy properties in Ahmedabad as it is a wise investment.

Here are some tips that can help you find the right property in Ahmedabad:

  1. Know your needs: You should figure out your requirements and then start looking for the properties. Know what kind of kitchen you need. How many rooms do you need? What kind of a kitchen do you require? Prepare a list of the type of house you need and then start searching for a property in Ahmedabad.
  2. Location: Once you have decided to buy a flat or a bungalow, you should do some research and choose the best location. You should find out whether there are all the essential requirements such as schools, supermarket, hospital, and a good public transport facility in that area. You can talk to the neighbors and find out what facilities are available in the area.
  3. Do some research: Before buying the property, do not forget to conduct research about the history of the property? Inspect the property and then make the decision. Check the electrical wires, water system and plumbing before you invest. Visit the property and get all the details. This would help you get the best deal.
  4. Neighborhood: Nobody wants to stay in a dirty area. It is important that the potential buyers invest in a property in Ahmedabad that has a safe surrounding. Check whether the area has tidy streets. Check the condition of the neighborhood also before making the right choice.

Ahmedabad – Best Residential City Of Vibrant Gujarat

Ahmedabad’s real estate market has witness a rapid pace of development compared to other cities of India and this is the mostly driven by the high rate of industrial growth, states by a professional service and investment management firm. Quality infrastructure, highly competitive real estate costs along with a robust law and order systems makes Ahmedabad a desirable residential and business destination.

Some Important Facts about Ahmedabad

  • Ahmedabad stands no.1 in Tier 1 cities due to rapid industrialization and infrastructure development.
  • BRTS has improved all overall connectivity.
  • Several expressways pass through the city such as Nh-8, 8A, 8B, 8C, all part of the DMIC.
  • The Ahmedabad Vadodara Expressway that connects two vibrant economics in Gujarat: Ahmedabad and Vadodara.
  • No other expressway in Gujarat is as strategically positioned as the highway, which has led to the flourishing of big ticket corporate house along this stretch contributing to the region’s growth and in turn the Realty sector
  • The Under Construction GIFT City is located about 12 km from Ahmedabad international airport
  • The City has ample employment opportunities, social and civic infrastructure and most importantly, capital values here are lower than those of many tier 1 Cities.

The Bus Rapid Transit has given a facelift to the outskirts of the city. There is also a plan to increase FSI and have a transit-oriented development along the BRTS corridor. These will further boost economic activity in this city. The City also has the Sabarmati riverfront project, which plans to provide large open spaces for public use. In additions, there is a proposal to connect Gandhinagar with Ahmedabad, using the metro system. This is expected to increase real estate price along certain sections of the metro corridor between Ahmedabad and Gandhinagar. Apart from the proactive development approach of the government and local authorities, Ahmedabad has another advantage- the cost of living is relatively lower compared to other large cities of India.

The residential real estate market in Ahmedabad is diverse. Residential units in the affordable category are available alongside house and apartments in the ultra-luxury category. The advance retails landscape of the city also attributes the residential real estate worth. The GIFT City (Gujarat International Finance Tech City) that is proposed to be developed as smart city is also giving a fillip to the real estate value of the city. Ahmedabad has quality public transports inform of BRTS (Bus rapid Transit System) and the best part is that Ahmedabad Bus Rapid Transit is the most successful in the country.

Some Facts Help You to Get the Right Property in Ahmedabad

You may have several questions in mind when you are planning to invest in a property in Ahmedabad. Let’s have a look at some and help you get the right property.

Why are real estate developers in Ahmedabad focusing on creating affordable homes?

The growing residential belt is attracting a pool of skilled and unskilled professionals in Ahmedabad. Homes are available anywhere between INR 20 lakhs and INR 45 lakhs. Builders are focusing on developing multistorey buildings that provide cost efficient homes to the people residing in Ahmedabad.Most of them are showing interest to reside here. Reputed and leading real estate developers are piercing into the market with many residential projects at affordable rates.

How well is Gujarat’s/Ahmedabad’s real estate sector developing?

If one is planning to invest in a property in Ahmedabad, there are several options available.The real estate sector in Gujarat has been spreading its wings. Ahmedabad is considered to be a well-developed city in Gujarat with commercial set ups, industries and textile industries being developed in the Ahmedabad. Cities like Surat, Rajkot and Vadodara have also seen great development in the past few years. Government bodies like AUDA (Ahmedabad Urban Development Authority) and the GHB (Gujarat Housing Board) are creating new housing schemes in Ahmedabad and other cities in Gujarat.

Which are the budget-friendly real estate destinations in Ahmedabad?

The active localities in Ahmedabad are Shilaj, Motera and Chandkheda. The prices of the apartments for sale in these areas are very moderate compare to other locations. Commercial and residential spaces are available for the people within this range. The presence of modern facilities, hospitals, educational institutions and malls make these areas a real hotspot in Ahmedabad.

New ventures of Radhe developers!!

Radhe developers are the property developers in Ahmedabad and has been successful in adorning the skyline of Ahmedabad by their breath taking structures and gorgeous amenities. They are considered as one of the top developers in residential and commercial venture. Their each completed project is a milestone in RDIL’s journey towards excellence and has established itself as one of the leading developer of the city. Its successful projects like Takshshila, Mandar bunglows, Tirthbhumi, Tirthdham, Tulsi, Ganesh plaza, Abhinav arcade speaks volume about its radiant glory.

Customer satisfaction is the only motto since their inception and has been working towards it rigorously. Emerald park, Radhe serene,Radiance residency are its upcoming projects offering vivid varities in Residential plots, Luxurious apartments in Ahmedabad.

  • Radhe Serene: Now it has become more easy to design your own dream house with Radhe serene. It offer residential plots from 450 sq. Yard onwards, just 10 minutes away from the s.g.highway, Ahmedabad with a unique plotting scheme set amongst the beckoning nature and pool of remarkable amenities like landscaped garden, RCC road/paver blocks road, street lights, plantations, compound wall and gate of each plot, 24 hrs security, 24 hours water supply and electricity.
  • Radiance Residency: Radiance residency is another jewel in the crown project of RDIL. It consists of 92 luxurious apartments, it is a new lifestyle project offering an upgraded lifestyle with its state of art architecture and luxurious amenities. These apartments offers a whole new experience of high profile living. It has amazing amenities some of which includes gazebo, seating garden, steam and sauna, indoor games, gymnasium, children play area, parents seating corner etc.

RDIL’s neat & clean contemporary design, excellent execution, differentiated branding and marketing together with energetic on ground sales have worked well to create the best value for customers.

Experience an epitome of luxury with Radhe developers!

Radhe Developers India Limited [RDIL] is a name synonym to success and has been considered as one of the top developers of Ahmadabad. RDIL has adorned the skyline of Ahmadabad with some of the most amazing structures and it has never failed to astound the customers with its luxurious schemes. RDIL’S clean & neat contemporary design, excellent execution, differentiated branding and marketing together with energetic on ground sales have always created a best value for customers.

PROJECTS:

RDIL is engaged in many commercial and residential projects at the moment and has a clear cut plan for each project to execute. Let’s have a look on some of its projects:

  • Emerald Park: Emerald park is one of the unique project by RDIL offering 339 luxurious farm houses near Ahmedabad which consists of 11 different types of unit of 1000 sq. Yards and 5000 sq. Yards. This project is a reflection of most contemporary and comforting lifestyle. You can enjoy the lavishness of this project with its superior amenities like garden, 24 hours security, children park, jogging track, ponds/fountains, power back up facilities and club houses.
  • Radiance Residency: Radiance residency is one of the upcoming residential properties in Ahmedabad by RDIL. Radiance residency is a 92 appartments scheme and offers an upgraded lifestyle with its state of the art architecture and luxurious amenities. These luxurious apartments offers a whole new experience of high profile living by providing some wonderful amenities like gazebo, gymnasium, steam & sauna, garden etc.

RDIL has completed many schemes of luxurious farmhouses, residential properties in and near Ahmedabad. Also going beyond its image of top developers of Ahmedabad, RDIL has been also socially aware of its responsibilities and promote the idea of sustainable development.

Come and indulge luxury!!

Radhe Developers – 50 Years of Experience In The Field of Construction

Radhe Developers India Limited [RDIL], based in Gujarat, is one of the leading real estate builders in Ahmadabad. It offers vide varieties in construction such as residential, commercial, plotting and related projects. Real estate world is widening in Ahmadabad like never before and RDIL stand strong in the market with 50 years of experience in the field of construction.
RDIL’s basic focus is on design, sustainability and customer satisfaction. The group is currently developing an estimated million sq. Feet of prime real estate development and has 3 projects going on in Ahmadabad. It has upcoming commercial projects lined up as well. It has a vision to become a leading name in the industry by applying the best practices and innovative concepts of construction and enhanced lifestyle coupled with sustainable environment. And we make sure that this perspective of ours is reflected across all the structures we build for building quality life.
Our upcoming commercial projects are something we call our dream projects which is thoughtfully conceived and meticulously executed. Except and beyond amenities what we add extra to our

project is the humane angle to understand what one requires from the edifice. Every Radhe project is lead by the vision and mission of blending engineering excellence with excellent workmanship. With the assurance of quality construction and timely completion, the group high quality at affordable price by implementing transparency, fair play, integrity and honesty. Everyone at Radhe is pledged to work towards redefining quality for all its stakeholders.
We are value driven organisation and consider these values:

  • Customer satisfaction
  • Corporate governance
  • Professional management
  • Quality
  • Design
  • Project management
  • Innovation
  • Leadership

We are value driven organization and our value directs our growth and business of the group.

Points to Remember while Buying Property for Sale in Ahmedabad

Whether you are planning to buy commercial or residential property in Ahmedabad, or elsewhere, you must keep these pointers in mind

In case you are looking for decent avenues to park your surplus cash in, property for sale in Ahmedabad is certainly the right way to go. Along with investing in bonds and stocks, you may like to buy property (both residential and commercial) as an investment; rest assured, in most cases, the ensuing returns will be worth your money. The following pointers pertaining to buying commercial or residential Property in Ahmedabad will help you move forward in the right direction.

Capital growth: One of the most important considerations while purchasing property pertains to its capital growth. Go for the areas that have the scope of further development. It is a good idea to invest in properties that are likely to fetch double their current price in 5-6 years. If you are confused, choose to get in touch with a real estate developer in Ahmedabad, or his agent, to get more inputs.

Rental profit: In case you desire to give out your purchased property on rent, then choose one that will be more attractive from the tenant’s point of view. As dealing with tenants may prove to be cumbersome, it is essential to maintain your property in the prime of condition at all times.

Location: Instead of investing in a lesser known neighborhood, you may want to invest in a well-known and familiar area. Finding the right property in the area known to you will be less time consuming and stressful as you can keep on searching for the right property when you are at work, interacting with locals, or meeting brokers at home. In case you find a more promising area that may not breed familiarity, do good research.

Others: The other important factors to be considered are proximity to educational institutions and commercial centers; easy distance to the nearest hospitals and health care facilities; convenient commuting possibilities; accessibility to entertainment centers, malls, theatres, playgrounds; etc.

Are you ready to invest in the right residential property in Ahmedabad? Do keep these points of consideration in mind; you will be glad you did.

Top Real Estate Developers in India Provide Double Bonanza for Buyers

With the top real estate developers in India creating many opportunities for their buyers to indulge in, the going cannot get any better for real estate investments in India

The fever for buying homes never goes down. Be it the festive season or times of recession, home buying is an important investment that makes the top real estate developers in India offer many golden opportunities to their buyers. They strive to lure in more investments with new project features and more lucrative discounts. If you happen to be one such buyer who is seeking his dream home at the most reasonable rates, then you have many smiles coming your way in the form of attractive rates of interest facilitated by banks, as well as confidence gaining measures by real estate developers.

The banks are making positive moves, and real estate developers like Radhe Developers (India) Ltd: are putting in more efforts to make the market move in the right direction. Take a look at how Radhe Developers, banking institutions and big players in the real estate world are luring home buyers like you.

  • It is expected that the rate cut by the Reserve Bank of India’s (RBI) will be eventually passed forward to the borrowers. Also with the Marginal Cost of Lending Rates (MCLR) rate related to SBI being cut down significantly, home loan borrowers are breathing a sigh of relief. The other leading banks may follow suit, thereby leaving home buyers with more attractive options to invest in.
  • Most bankers are dangling carrots like 50 per cent off on their attractive interests’ rates, reduced processing fees, flexible repayment tenure, no foreclosure and prepayment charges, etc.
  • Observing the current real estate market scenario, Indian developers are expecting their sales to pick up soon, thereby making their unsold inventory level go down. This in turn is sending out positive signals in the market. With more and more deals and discounts attracting homebuyers through various types of media advertisements, the overall demand for home purchase is on the rise.

Whether you are keen to invest in affordable housing projects or have a desire to reside in the projects built by the top real estate developers in India, just go ahead with your plans – the right time is now.

Mercury is Rising in Ahmedabad’s Real Estate World!

Real estate in Ahmedabad has never witnessed this kind of a steady growth in the years gone by. Fast becoming “the hotspot” for pharmaceutical, textile, and chemical industries, there is an unparalleled upswing in the rate of development in the city’s real estate scene –both on the commercial and residential front. So whether it is about the beautiful villas in Ahmedabad or the many high-end offices and branded stores lining its streets, the overall real estate environment is quite upbeat, and for good reasons too!

Read on to take a look at why this city with well-established education centers (think IIM, NID, CEPT), various retail outlets, and IT/ITeS hubs, is attracting real estate investors and buyers alike.

Looking for Apartments in Ahmedabad?

With intelligent development governance and ultra-progressive government policies in place, there has been an unprecedented rise in real estate growth in Ahmedabad. Boasting of an extraordinary and unprecedented ROI, this city happens to be an exciting destination for real estate investors, globally. For instance, fast-selling apartments and offices in Ahmedabad are serving as draws for developers and investors looking at quick, manifold returns from the city’s real estate space.

Today, the capital worth of commercial properties, especially those in Motera, Sarkhej-Gandhinagar, Prahladnagar, certain parts of East Ahmedabad, Highway, and Ashram Road, are up by a whopping 20-30 per cent! Which such an amazing growth in store, shops in Ahmedabad are selling like hot cakes and are giving tough competition to the sky-rocketing residential property appreciation graphs in the city. Additionally, areas like Bodakdev, Vastrapur, Nicol, South Bopal, Nava Naroda and New Ranip are luring buyers with the best amenities, competitive rates, and coveted lifestyles – all via their serviced apartments, bungalows, flats, apartments, penthouses, as well as newly-established township properties.

Are you still asking for more? Invest in Ahmadabad’s real estate pool, today!

About Radhe Developers

Radhe Developers has been a name to reckon with in the manufacturing of super-fine fabrics. With utmost commitment to excellence, the Company has strived to enrich lifestyles via its business processes, services and products. Radhe Developers, a giant leap in the world of real estate in Ahmedabad, is another right move in the same direction. The foundation of this successful corporate conglomerate was laid in the name of C. Patel & Co. by a farsighted and visionary man Mr. Chunibhai C. Patel with over 50 years of experience in the business of construction and supervision. This offshoot of Radhe Developers is making heads turn with its upcoming, ongoing and finished projects alike. With best-in-class villas, apartments, offices, shops and other commercial spaces in Ahmedabad to its credit, the Company is all set to reach its zenith of success.

Radhe Developers – A Golden name in Real Estate Builders!

Radhe Developers India Limited [RDIL], based in Gujarat, is one of the leading real estate builders in Ahmadabad. It offers vide varieties in construction such as residential, commercial, plotting and related projects. Real estate world is widening in Ahmadabad like never before and RDIL stand strong in the market with 50 years of experience in the field of construction.

Sturdy Foundation: The foundation of this successful corporate conglomerate was laid in the name of C patel &co. By a farsighted and visionary man Mr. Chinubhai patel with over 50 years of experience in the business of construction of real estate and supervision. RDIL has its vocation in various aspects such as design, sustainability and customer satisfaction. Pioneering various trends in the market the group has introduced varied form of projects for all the consumers within its easy reach.

Innovative Technology: Radhe developers have been a forerunner in technological innovations and advancements. They lead the competition be utilizing the most modern latest in construction industry for quality and cost effectiveness for commitment to excel in the construction field. They have alliances with national & international architects & consultants to provide the best construction Technology Support and Equipments.

Ongoing and Upcoming Projects: The group is currently developing an estimated million sq. Ft of prime real estate development and has 3 ongoing projects across Ahmedabad. Emerald park, Radhe serene, Radiance residency are some of the ongoing residential projects. There are also few upcoming commercial projects which the group considers as dream come true. These projects are thoughtfully conceived and meticulously executed.

RDIL’S neat and clean contemporary design, excellent execution, differentiated branding and marketing together with energetic on ground sales have worked well to create the best value for customers.