Untitled

The sudden rise of pandemic Covid-19 has dealt a massive blow to the real estate business across India. The construction activities of various buildings, roads, and many more have been delayed. However, due to the gradual opening of markets across India, the real estate sector will try to bounce back to normal again.

With the central government's policy support, the real estate sector will gain a boost again and show growth. Some highlights from the budget by Finance Minister, Nirmala Sitharaman

The deduction on affordable housing loans was allowed on housing loans on or before 31st March. To get more benefits the sanctioned date was extended by one year, and a tax holiday is provided on the builder's profit.

In real estate transactions, taxing income from business profits, capital, and other sources is less than the circle rate of more than 5%. This difference is calculated as income for both purchaser and seller, and now it is increased to 10% to give relief.

For the next 5 years, 100 lac crore will be invested in infrastructure, which includes housing, irrigations, healthcare, institutions, etc.

REAL ESTATE HAS AN INVESTMENT STRATEGY

Investing in Real Estate needs a different strategy than buying for personal use. When you invest in real estate, you think of selling the property at a much higher rate or give it on rent.

Just like any other, you need to keep an eye on ups and downs in real estate trends so that you can invest in the right place and at a good time. If you are thinking of investing in real estate for this year or next, here are some tips for our side-

TRENDS IN REAL ESTATE FOR 2020-2021

Concentration On Demand

Nowadays, jobs directly impact buying or renting, as people don't mind relocating to a place where more jobs are available. Most jobs are office work or service-based; people buying or renting mostly lookup for healthcare, educational buildings, and IT and personnel. And most of the buildings are made up of using the technology of green & lean construction.

INVESTING AT SLOW HOME PRICE

It is expected by 2025 that India will have 72% of construction activity across the world. This means it will raise people's living standards, better connectivity with small towns, and improved infrastructure. An investor may think of investing in real estate during the home's low price, which will be based on their budget and personnel thinking.

OWING AND RENTING OF PROPERTIES

In recent years we have seen an increase in the price of renting and even buying properties. This can be a good investment for big investors but may be difficult for them to put the property on-sell or rent it. Some fewer people can afford high rent rates, the best thing is to divide the property into several small ones and then sell or rent it.

SMALL MARKETS GIVE SMALL RISK

The investor always avoids taking credit risks because physical location still plays a vital role in that. The investor invests in small markets where renting property is always in their favor. Research shows that in the coming period, high demand will lead to high rewards in growing cities.

CURRENT TRENDS IN REAL ESTATE

More Demand in Sub-urban cities

Small markets like Hyderabad, Pune, Bhiwadi, Jaipur witness high demand for homes. Researchers state that demand will be higher in FY 2021. 

SMART HOME ATTRACT MORE

The traditional definition for smart homes will be redefined, and there will be more demand for smart homes in upcoming years. The builders have started giving buyers a range of home themes to choose from as per their requirements or as they have dreamt of. Buyers can choose several themes as per their convenience and can ask for changes if they need them. In addition to that, 24 x 7 CCTV cameras, power backups, parks, and many more are mainstream now.

GREEN AND LEAN TECHNOLOGY

Both buyers and builders are supporting green technology and this demand will rise in upcoming years. The use of eco-friendly raw materials and themes are high in demand in today's market. 

INTEGRATED TOWNSHIPS

With the price of properties being higher and higher, the trend of integrated township is high. The people are looking towards an integrated township where commercial and residential ecosystems are together, supported by roads, power, water facilities, good drainage, and sewage systems.

Is it right to invest in the real estate sector in India?

Of course, Yes! Consider the above trends in the upcoming year for the real estate sector. Experts have already said that the forthcoming year will be a boom for real estate, and the market will continue to rise till 2025. As mentioned above, the sub-urban sectors, micro-market areas, and others will have a massive demand for homes due to growth in the industrial sector. The immigration of people from different cities for job purposes will directly raise the demand for comfortable homes.

As per the research conducted by Global Real Estate Consultants, Knight Franks says, "The novel concept of co-living and co-working is at a boost in the Indian real estate market, and this trend will continue to stay here."

The experts say if the government brings more policies for housing and infrastructure, the demand will boost more, which is a positive result for the buyer and the investor.

Buying a 3BHK flats in Zirakpur is a rather time-consuming process. Calling it an investment, especially if it's for self-consumption, doesn't do justice to the fact that a lot of financial, emotional, and mental pressure comes with buying and moving into your own apartment.  

Zirakpur especially has been in the news for its breathtaking properties and attractive prices quite a lot recently. More and more people have realised the importance of living in their own home instead of renting one, during the pandemic. 

 The current Covid pandemic has made us all extremely scared of venturing out of our houses. Be it fetching groceries or going to the medical store, the paranoia is real.

Although people by now have gotten used to the idea of getting work done virtually. 

 Considering the slashing real estate prices, the time to invest in your dream 3BHK flats in Zirakpur home is now.

It is still important to do your research, look for the best deals, shortlist them, and make an informed decision.

 "Isn't it unsafe to visit various properties in the middle of a pandemic?"

Of course it is! Social-distancing has become a way of life and as long as you can do your research and analysis in the comfort of your home, there is no reason for you to put yourself at the risk of visiting various sites. 

"Are virtual home tours reliable?"

 Depends on various factors. It's advisable to check for the legitimacy and authenticity of the agency that you are resorting to. 

While there are a lot of scams happening in the name of virtual home tours and bookings, there are uncountable testimonials of people who took their chance, did their research, and found their dream home in the middle of the pandemic. 

 Estate Prima for instance is one of the most reliable agencies there is to get the best, most reliable deals at the Zirakpur location. If you have been looking for residential apartments in Zirakpur, Estate Prima is your go-to place. 

 They will guide you through the process of picking the best deals under your budget, shortlisting them, and making a mindful decision. 

 The 3BHK flats in Zirakpur have been especially in demand since more and more people are looking for apartments with bigger spaces. 

Estate Prima offers you home tours of the properties of your choice in the comfort of your home. You need to visit their website to book your virtual tour and an experienced executive will get in touch with you. 

They have systematically listed all their properties for sale on their website so that the user / potential buyer doesn't have to go to ten places to get the best possible deal.  

 "Does the process end at the virtual tour?"

 Absolutely not! 

 Once you get a thorough idea about the properties that you wish to die, you can book a personal property tour with them. Moreover their team will assist you at the time of signing any and every document like possession letter, sales deed, etc. 

 We understand how important it is to you to buy the 3BHK flats in Zirakpur of your dreams. It's a lifetime worth of happiness and liability alike. Therefore we suggest that Estate Prima is your best bet there is.

 Moreover, they present you with testimonials of various customers so you have the best idea about their services. 

 Some pros of virtual home tours with Estate Prima include:

 1.    least possible social contact 

2.    no travel cost to the site of interest 

3.    more time for research 

4.    involvement of as many family members as possible 

5.    no paranoia associated with the process of buying a house 

 It is highly recommended to you if you live with aged or immuno-compromised family members. 

 Bonds that are built on faith and transparency last the longest. Therefore, it's important you build it with the right kind of people.  

 If you have any doubt  or query, you can mention them below. Rest assured that Estate Prima will be there to solve all your problems in a jiffy. 

The residential apartments in Zirakpur are quite well-planned but as a city, it is a perfect example of an uneven landscape. Post-independence, Chandigarh was planned and developed by modernist Le Corbusier. The city was built with strict by-laws encouraging low-density and low-rise housing. Due to this, as a city, Chandigarh is quite poorly equipped to tackle the burgeoning population it is facing in recent decades.

This unavailability of land encouraged the emergence of subaltern and dynamic settlements at the peripheral space of Chandigarh. Zirakpur became a major suburb as it was economically, socially, and transit easier to operate. Zirakpur lies on the route that connects Chandigarh to parts of Punjab, Haryana, and mainly the National Capital Region of Delhi. This made the area perfect for creating an economic corridor from trade and relationship perspective.

Overall leading to sudden urbanization, the residential apartments in Zirakpur grew multiple folds in quite less time. The peri-urban development that Zirakpur saw recently gave rise to affordable housing options and commercial centers.

If you wish to buy 3 BHK flat in Zirakpur, it surely can offer numerous benefits in spite of being immensely close to a restrictive and expensive city, Chandigarh.

Benefits of buying 3 BHK Flat in Zirakpur

1. Much-Needed Greenery: Although, as a city, Zirakpur might not have a lot of parks and gardens, but the developers have surely put a thought to it. Most of the societies have green patches that are visible from your balcony of 3 BHK Flat in Zirakpur. It gives you that morning freshness as well as the fresh air that you need after a long tiring day.

2. Everything is near to you: As we discussed before, Zirakpur lies at the centre. It is surrounded by Chandigarh at one side and provides a direct connection with many parts of Punjab, Haryana, and Delhi. This makes it a perfect place for opening your own venture as transit is extremely easy. Along with this, it is a perfect place to start a shop or small business. As the population is uprising and the area is surrounded immensely with residential apartments in Zirakpur, it gives you that starting target audience.

3. Affordable Housing: The housing in Zirakpur is much more developed than many major areas of Chandigarh. Yet, it is not heavy on pocket. You can easily get a 3 BHK Flat in Zirakpur at around 55 lakhs whereas it won’t go less than a crore in Chandigarh. Similarly, the tentative prices in the area are quite low with 14 lakh for 1 BHK Flat, about 40 lakh for 2 BHK Flat, and around 76 lakh for a 4 BHK flat. This pricing also allows us to invest money in the residential apartments in Zirakpur.

4. Vibrant Night-life: Like Chandigarh, Zirakpur is also a city that never sleeps. First, it is near to National Highway that makes it active. Secondly, the housing nightlife is quite vibrant. You need to step out at night to feel that energy for yourself.

5. Organized societies: The residential apartments in Zirakpur are built by new-age builders. Even if cities are not well-planned, surely the societies have maintained society. Your 3 BHK Flat in Zirakpur comes with allotted parking space, security, 24x7 power backup, green parks, and a lot more.

There are a lot of residential apartments in Zirakpur and it’s hard for you to decide the best place for yourself.

To ease out your search, we at Estate Prima, keep on exploring the options on a daily basis. We analyze all the societies and can prepare a customized competitive matrix suiting your needs.