How is Ahmedabad market growing in the Real Estate Space now?

Ahmedabad real estate market has been witnessing slow sales growth for quite some time. The real estate sales volume that has been falling since the last four years is unlikely to see growth immediately. The current real estate trends are rigid as the market dynamics are changing fast.  Post demonetization, the homebuyers have become even more cautious while investing in the Ahmedabad’s real estate market.

Revival of Market Sentiment

Although the real estate sales in Ahmedabad had picked up in the first half of 2016 because of improvement in business sentiment and the revival in the manufacturing sector, however, there has been no clarity on the stability of the market. The homebuyers and investors are maintaining a wait and watch approach currently. Moreover, the property prices have been stagnant in the city for a long time. Real estate in Ahmedabad did not witness major price appreciation as well. Further, the sluggishness is also reflected in the property registration, as there has been 63 per cent fall in Ahmedabad property market.

However, the micro market sales have witnessed considerable changes in the first half of the year 2016 after a consistent slowdown. The share of sales in East and North Ahmedabad have increased marginally, and the share of the rest of the micro-markets have reduced slightly. The areas such as Gota, New Ranip, Tragad, Chandkheda, Motera, Naroda, Vastral, Nikol, Kathwada Road, and Odha including others have witnessed potential sales in the residential property. In fact, the homebuyers prefer the North and East zones because the property prices are affordable and are in great demand among mid-segment homebuyers. The maximum number of new launches are taking place here. The social infrastructure is quite robust and convenient in the northern part. However, the eastern zone is a reasonably priced destination comparable to North Ahmedabad. The property prices in the northern zone are within Rs 2,200-3,700 per sqft and the eastern zone is between Rs 1,800-2,500 per sq ft.

Central Ahmedabad’s share has been holding steady over the last 12 months due to better connectivity and office spaces.  It has attracted homebuyers substantially despite high prices. The property price in the central region is between Rs 5,500-7,500 per sq ft. The locations such as Ambawadi, Navrangpura, Shahibaug and Nehru Nagar are few places preferred by high net worth individuals due to well-developed social infrastructure and commercial spaces. Many foreign investors have held their decision due to stagnant market price and lack of price deceleration.  These investors may start investing in Ahmedabad’s real estate market, as there is an expectation that the property prices in the secondary market will fall down over the next one year due to demonetisation. If prices fall, it will be beneficial for the premium and luxury segment. Therefore, it will be best for NRIs to invest in Central Zone in Ahmedabad.

Like Central zone, the western zone also has easy access to the major retail centres and has a good social infrastructure. The areas such as S. G. Highway, Ambll, Bodakdev, Jodhpur, Prahlad Nagar, Satellite, Bopal, Thaltej, and Science City Road have good connectivity. The price range is the west Ahmedabad is within Rs 5,000-7,000 per sq ft. There are many premium properties available in the region. Along the Sarkhej-Gandhinagar Highway, there are many industries and commercial spaces located that are attracting the homebuyers and investors. The High Court of Gujarat is also located here. Many colleges, schools and universities are located here. The Highway also connects to the other parts of the city with ease. Public transportation is good in Ahmedabad as buses run by the Ahmedabad Municipal Transport Services (AMTS) cover almost all areas and the charges are nominal.

However, South Ahmedabad is facing great challenges due to poor connectivity to the city centre and lack of social infrastructure. The builders are developing new projects in areas such as Vinzol, Hathijan, Vatva and Narol. In fact, the southern zone has high unsold inventory available.  South Ahmedabad may take almost a decade to develop substantially.

Technology: A Game Changer For Indian Real Estate Market

The world is changing real fast due to technology, impact of which can be seen in every aspect of our life: be it at home, our work or shopping habits. The digital revolution has made lives more dependent on technology. There has been tremendous growth of social media, e-marketing, web communication, advanced software, mobile apps, and sophisticated IT systems. The impact of these advancements can also be seen on real estate market. The technological advancement has brought monumental changes in the Indian residential real estate market. From real estate startups to property portals and developers, all are investing heavily in advanced technology to ensure seamless customer experience.

Right from designing to the construction, marketing and sale of the residential and commercial projects, the impact of technology can be seen everywhere. People now take help of real estate apps to search and buy property in India. Technology in realty sector has helped people find more economical and reliable ways to gather information. Some other impacts of technology on Indian real estate market include:

Virtual realty videos: With the reducing global boundaries, there is more demand for residential property in India by NRIs. As these investors are not able to visit the sites physically, many developers in India are providing them real like experience through virtual realty videos of the flats. Some other examples of technologies used by the builders to give an overview of the upcoming project without even making a sample flat are 360 degree, Live-in-Tours, Retina, and Advanced Machine Learning.

Analysis, graphs and charts: Gone are the days when home buyers were dependent on the brokers or builders to get an overview of the location and project. Property apps now provide them thoroughly analyzed and carefully designed graphs, comparison charts and other insights with just a few clicks. Cloud computing and data-driven statistical analytics are playing a vital role in making these charts interactive for home buyers.

Virtual sale: With every person having a smartphone in his/her hand, now property sale is not limited to just the physical world. Realty investors now don’t hesitate in making transaction in the virtual world. Buyers explore various options virtually to short-list the properties. Builders are also taking help of real estate websites to reach out to the potential buyers with property details. Some brokers and developers are going a step further with customized and easy-to-use mobile applications for property search.

Easy and quick property selection: More than builders, the real estate buyers and investors in India are getting benefited from the technological advancements. They now have an efficient flow of information at their fingertips. Based on their preference of location, price, amenities, design and area, they can choose a suitable project from thousands of residential projects listed on the real estate websites. This has also helped home buyers save their money, unnecessarily paid to the brokers.

Due-diligence: Easy and quick access to the up-to-date information, latest news, and important laws help investors and end-users make an informed decision. They now don’t rely on the information provided by the builders or brokers.

Since most of the real estate investors now use mobile phones to search right commercial and residential projects in India, it is the best time for the brokers, agents, and builders to leverage technology and gain maximum exposure. Further, the brokers need to keep a close eye on the emerging technologies and grab the opportunity at the right time to generate more revenue. The builder-broker community needs to realize that the investors are fast-adopting technology and they need to make up to this challenge in order to survive.

Do I Need an Interior Designer?

I have zeroed in on aesthetics – wall colors, ceiling designs, window treatments, and pillow patterns but, still I am not getting the feeling of wow? I am too busy with my family and job, and I really don’t have time to think about designing the interior of my home? I have clarity about my home and how it should look but, it seems too strenuous to look into minutest details and I might miss the elegance? I am very good at decorating things and I receive numerous compliments for the same, but the designing part has overwhelmed me? If you answered yes to these questions, then maybe you need an Interior Designer. Interior designer is a professional, who goes beyond cosmetic concerns to ensure that space feels harmonious from every angle – be it the floor plan, wall décor or color scheme. With the easy access and availability of the information on interior designs online, it is quite probable that you might have envisioned of certain designs for your home but, an interior designer can help you bring it to life while making sure it satisfies all the nitty-gritty of the entire gamut of interior designing, such as, space planning. An interior designer will not only provide the artistic solutions that you might never have imagined but, will also put his / her attention to the tiniest details that will transform your space into a heavenly abode. So, let’s see when you should consider hiring an interior designer for your home. You definitely need an Interior Designer if you can relate to these quotes encircling your mind.

“I want something more than the usual Fabric and Colors! Something classier”

While fabrics, furniture and color may play a very large role in interior design, there are a plethora of mundane tasks that are required of interior designers. An interior designer will provide expertise in design, ergonomics, spatial concepts, ethics, etc.

“I want a Home that reflects my personality, it should say who I am”

A home is an identity of the people living there and it reflects who they are. The professional interior designers will not work on cookie-cutter approach, but they will listen to you, assess your needs and then create an original design that fits your space perfectly.

“I want to make the best use of the space we have here, any ideas?”

An expert designer understands the design limitations well and gets himself / herself familiarized with the size and scale of the space available. He / She keeps the surrounding environment in mind and responds to it accordingly. Whether you are in a ‘Multi-Storied Apartment’ or having an ‘Independent Villa’, the designer will take a cue from the surrounding and chose the best, based on the context of your space.

“Don’t you think this will look good in the hall? I think it would be perfect!”

Aren’t we good at observations? Of course we are. And this is what we do most of the time when we go shopping for our home. We mentally measure the size of the rooms and available space. And because of this, many a times we buy either the oversized furniture or the undersized objects. It is a fact that furniture will look smaller in a display area with high ceilings and large carpet area than it will look in your drawing or living room. An interior designer will not assume, but actually measure your space before making a list for your shopping. He / She will also ensure to measure the doorways, stairs and elevator openings leading to your home and hand over those measurements when you shop. No one likes to return the furniture because it’s difficult to transmit through the lift or through the staircase.

“I am not sure if it’s going to be comfy, but let’s buy it and see!”

Isn’t it quite common that whenever we visit a mall or a showroom, we usually get fancied by a beautiful piece of furniture or an artifact available at an attractive price, and we end up buying it only to find out later that it’s painfully uncomfortable or pretty much useless? In interior designing, comfort is the key. There is no point in making a home look like a museum. It’s quite tempting to use every piece of decorative item you purchased or got as a gift from your loved ones but, a professional will let you embrace only the necessary and sufficient part of it. The first word that should come to your mind when you think of home should be “cozy.”

After reading some of the points above, you can quickly decide if you really need an interior designer or not. Surely enough, there are many other factors like fee, availability, etc. which can influence your decision to hire an interior designer. But all these could very well be negotiated given the information is available online.

8 Vastu Tips to Keep in Mind Before Buying A Home

Vastu Shastra, commonly known as Vastu, is a traditional Hindu system of architecture, the literal translation of which is “science of architecture”. These are based on Hindus as well as Buddhist beliefs and have been formulated with the aim of integrating architecture with nature, the relative functions of various parts of the structure, and ancient beliefs utilizing geometric patterns and symmetry. In order to ensure well-being, happiness and prosperity of all the residents, it is important for a house to be built as per guidelines laid down by the Vastu Shastra. Despite popular beliefs, Vastu Shastra is not fantastical or irrational but it’s based on sound scientific principles that aim at combining all five elements of nature to ensure utmost well-being of mankind. So, it is better not to ignore this aspect while buying a house, as you end up practically spending each and every penny you had saved till now on it, and you would want it to be just perfect. You don’t need to be a Vastu expert in order to know whether the basic structure of the house is as per Vastu guidelines or not. Just a quick look at the entrance and you will understand the Vastu of the house. How? Don’t worry; we will give you some Vastu tips to keep in mind before buying a house. Easy? Well here they are:

Entrance

If you are not buying a standalone property but an apartment, the entrance to the block will be considered as the entrance. Make sure that the entrance gate is located towards north or north east. South and west entrances are not recommended. The reason behind this is that sun’s rays entering from this direction during afternoon are harmful to your health. Proper ventilation with ample sunlight Vastu lays extreme importance on having proper ventilation in a house. The house should be open, airy and get ample of sunlight, as close claustrophobic places lead to breeding of germs and sunlight helps kill any unwanted germs and smells. A North or East-facing flat with windows and balconies in either of these two directions is ideal. According to Vastu, a house should not have a common wall with another house as it creates mixed energies; hence it is very important for open space to be left on all four corners of the place.

Kitchen

The kitchen should ideally be in the south-east corner of the flat. It is called Aagneya – apparently the direction governed by fire element.

Water storage tank

It should ideally be placed in the north-eastern corner of a building as this area gets the first ray in the morning, and early morning rays are very beneficial for the purity of water.

Toilets and bathrooms

They should ideally be on the south-west or the southern corner of the flat. It is because the wind blows from north-east to south-west and if toilets are placed in north-east, the wind will blow from toilet to the living room thereby contaminating the atmosphere.

Kid’s room

The most ideal place for a kid’s room is the north-east or north-west part of the house. Also the window should open to the North, because it would prevent direct harmful rays of the sun from entering his/her room, and giving him/her ample sunlight at the same time.

Center of the apartment

As per Vastu, there should be light in the center of the apartment, so closed spaces like kitchen and toilets should not be placed here. The center is an ideal place for a living room.

Staircase It is not advisable to build the staircase in the North-East, as this will block the morning rays of the sun. External staircase should ideally be placed in the South-west corner. Internal staircase should not be placed in the center because it would not only mar the beauty of the living room but also make it look congested.

How to save Money on Home Decoration?

Are you planning to decorate the look of your residential property but fear that it will make a huge impact in your pocket? Then stop worrying! There are numerous ways by which you can save a lot while ensuring the best interior for your home. Following are some of the sure-shot ways that will give a new look to your valued residential property without being too impact on pocket.

First of all, make a list of the changes you want to see in your home in a priority order. Do extensive research keeping into consideration the cost factor. Moreover, you can go for unfinished furniture goods and provide finishing touch to it later to save money.

Selecting the right Contractor is a decisive factor in this regard. Inform the contractor about your requirements in detail. Ask him about his plans and suggestions for improving the look of your home within the budget. Give him a go-ahead signal only when you are satisfied with his ideas.

It is better to use Cost Effective Methods of Decorating your house rather than using high-end products that serve the same purpose but are very expensive. For instance, you can buy simple yet elegant wall papers for the walls of your drawing room to enhance its appearance instead of hanging expensive scenery.

Since a huge amount of expenditure is incurred on the daily wage of the laborers, make sure that they are highly experienced and skilled in their work. Moreover, fix the income of the laborers beforehand so that once the work begins, there is absolutely no hindrance.

Appropriate lighting may also help you to create a new look for your home within the budget. There are several attractive but pricey mood lighting systems that may attract you but going for the cost effective CFL bulbs is more sensible. These lights are available in various shapes and styles. Moreover, you can use tubes and bulbs with different light intensities for different sections of your home.

Some innovative thinking backed by extensive research can help you get a new look for your residential property right within your budget, which will be admired by one and all.

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.