Category Archives: Uncategorized

7 Reasons Why Home Buyers Are Opting For Ready-To-Move-In Homes Now

Ready to Move Property

Home buyers are are now more than ready to purchase properties on an immediate basis rather than wait for construction to be completed. There are very good reasons for buyers to look for properties that are ready-to-move-in or OC ready in today’s market environment:

1. Cost Differences:

The real estate sector has gone through one of the worst downward phases in the last couple of years, resulting in lower new launches, price reductions and higher unsold inventories. These dynamics induced developers to offer very attractive deals, discounts and lot of freebies to attract buyers. Even though the market is slowly recovering, these dynamics are still at play.

Therefore, it makes a lot of sense for buyers to invest in ready-possession projects rather than wait for new projects to come up over protracted periods of time. While prices are beginning to rise again on the back of a gradual market recovery, this dynamic is still in its initial stages. This makes the current time optimal for buyers and investors to focus on ready-to-move-in options.

2. Cost of Rentals:

Most of these projects will be patronized by buyers who use bank loans, implying a significant financial burden. Not only do buyers have to pay EMIs, but also the rent on their current homes while awaiting completion of the project. Paying a little extra to acquire a house right away is cheaper than paying rentals over long periods.

3. Date of Delivery:

Under-construction projects in India are infamous for delays in completion, and that leads to buyers paying double the cost: EMIs as well as higher rentals while awaiting possession of their property. Even though delayed delivery of projects is due to several factors plaguing the real estate sector, many buyers’ financial situations do not permit them to wait beyond a point in time. EMIs plus the additional rental expenses take a toll on buyers who have invested in delayed under-construction projects, so the decision to invest in ready-to-move-in or OC-ready projects makes a lot of sense to them.

4. Rental Income:

A lot of investors buy homes with the objective of earning rental income, with an eye on eventual resale to cash in on capital appreciation. Purchasing a property in a completed project helps them to immediately start earning out of it through rentals rather than waiting a few years and locking their money away in a non-income generating projects.

5. Diminished Incidence of Dubious Developers:

The Indian real estate sector is still very fragmented, and there have historically been a lot of fly-by-night operators who duped buyers of their hard-earned money by collecting the initial sums and then vanishing into thin air. With RERA, such dubious developers will diminish in number; over the long term, the strict guidelines will ensure that only serious and genuine players operate in the market. For the time being though, buyers still feel justifiably vulnerable and want the assurance that finished projects offer them.

6. Supporting Infrastructure:

A lot of new projects are coming up on the peripheries of major cities where the supporting infrastructure like roads, electricity, water connections, etc. are not developed. They are promised only when the projects are completed, but under-construction projects have to wait much longer for deployment of basic infrastructure. This naturally puts off buyers, who want to move into their new homes and also start living life with decent facilities instead of waiting indefinitely for them to be provided.

7. Impact of GST:

GST implementation has resulted in reduced tax burden on buyers purchasing ready-to-move-in apartments. The tax on the entire cost of the project, including the land, will be levied at 12% – this should be enough for the builder to claim input credit, thus making OC-ready projects more economical for buyers.

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Shapoorji Pallonji Parkwest: A Contemporary Nest of innovative Edifices

Shapoorji Pallonji Parkwest

The real estate market is ever evolving in Bangalore and with the new IT hub in Bangalore it is growing at a very fast pace. Central Bangalore is one of the prime locations and works out as the most convenient place of stay for all the Bangaloreans.

Shapoorji Pallonji Parkwest is a new massive residential venture by Shapoorji Pallonji multi business conglomerate. This business group is indeed one of the oldest business conglomerates with 150 years of legacy. The Shapooji Pallonji is a huge real estate project that has been designed to innovate and adapt to the ever changing market of Bangalore. It is the project which is under pre launch phase and has been designed to be called as one of the architectural icons. It is a huge project which is coming up in Shapoorji Pallonji Parkwest Phase 2 of Central Bangalore.

Project details and specifications

This project is spread across 47 acres of massive land area and most of the space has been left free to enjoy the nature and the lush greens surroundings created around. It has a combination of both independent apartments and penthouses designed to suit your needs and specifications. The project offers spell bound view of the beautiful city around with lot of air ventilation and natural light. It has a beautiful set of amenities like Cricket ground, reading corner, club house, bio Diversity Park, skating rink, amphitheatre, biodiversity park, aromatic herb garden, tennis court etc. The apartment configurations are 1, 2, 3, and 4 BHK residential units. The possession is available since 2019 onwards.

Pricing and location advantages

The best part about the pricing and payment procedure with Shapoorji Pallonji is that you are required to pay only 20% of your total pay at the time of purchasing and the rest can be paid in small yearly installments. The price of per square feet area starts from Rs. 6800. The details of the same could be revealed on request. The location is one of the biggest pluses of this project. The vicinity is surrounded by restaurants, schools, hospitals, shopping malls, banks, ATM’s University and other educational institutes.

Property In Noida For Sale In High Demand

Property In Noida For Sale

Noida NCR has rapidly emerged as a hotbed for residential or commercial investments in the past ten years. The expanding micro markets bring immense choice to live, work and invest in the area via housing and commercial projects in Noida. Whether you are a buyer or an investor, the realty market everyone’s demand in the most efficient manner.

Large land reserves, fast civic upgradations, fine social amenities and proposed infrastructure developments offers explosive growth and unmatched appreciation. Industrial and IT corridors

are major factor for growth influx in the region. These areas brimming with new developments are inviting huge investments from across the sectors. As a result of this, population in the area is ever growing, increasing housing demand exponentially.

The mid-to-premium segment has many good options to offer. Although the property market has been sluggish, consistent launch of new projects by major players have spurred home sales. Housing market sizzles with new launches offering choice of apartments, villas and row houses in smart typologies ranging between 1- 4 BHK units. The finely planned and designed homes reveal optimal use of space creating their own oasis of comfort. The large choice in the gated apartment complex and township with green landscaping as well as plush lifestyle amenities offers you key to healthier, happier life.

The average price of properties depend upon place to place. As the area is divided in three zones, namely Greater Noida, Noida Expressway and the various sectors have different property rate. Whatsoever be the prices in these areas, property investment see fast appreciation. The upcoming residential property in Noida like Ace city in Greater Noida West, Gulshan Botnia in Sector 144, Amrapali The Hemisphere in Pari Chowk offer you your dream home within budget.

Commercial projects in Noida offering spaces for office and retail business have made the city an important employment hub, providing employment to millions of people residing here. The existing and upcoming commercial buildings are inviting businesses from all over the world. These have corporate office of many multinational national companies, thereby ensuring more employment generation in the area. The impeccable planning and design layout assure investors get maximum benefits out of their business investments in the area.

These lucrative projects with smooth connectivity via roads, flyovers and expressways to all parts of NCR make them real investment promising good rewards from rentals and property appreciation. High end architecture and design layout comprising offices or retail / commercial shops, entertainment zones, cafes and fine dine restaurants attract international brands & global businesses creating unique retail experiences. From startups to big corporate houses, the commercial real estate market offers opportunity to grow and be a successful business.

Several commercial and residential developments that have come in here past few years have fast changed the face of the area. The project such as Bhutani Alphathum on Noida Expressway connecting all parts of Noida to Delhi has created a buzz in the NCR market for its valuable offering which include commercial spaces in the price range of 27.93 – 44.62 Lakh which is not so high in the location appreciating tremendous growth. Price corrections and amendments in law, including home loan interest rate & real estate norms, have boosted growth in the sector. If you are planning to invest in Delhi NCR, then the micro market offers you good investment options.