Realty Mappers

Buying a property is a long time goal whether it is for living purpose and for the investment point of view.  Under construction property attracts the people. The property will be cheaper than the full furnished property. Investing in property which is under construction is prefer among the people but there are some point that should be kept in mind while looking out for such property. It is advised by the experts that reputed and good builders should be given preference. They should not invest in the under constructed property with unknown and new builders.

Advertisement by the builders

In this the builders do is that they give various advertisements in TV channels and newspaper. The advertisement will be about the new housing complex which is coming soon in a city. Malls, Companies and houses become the place by the agent to sell their flats.  Most of the flats sell before the project is even started. So people do not misses any opportunity of buying and investing in under constructed properties.

Advantages of buying a under constructed property

Good returns:   The prices of the flats are much lower in under constructed property. The high returns which the under constructed property promises you will not get in a ready to move home.  The returns in the under constructed property may be high but they come with the risk involved in it. There are examples of people getting high returns in the under constructed in Noida and people still waiting for the returns in Samshabaad, Hyderabad.

Economical: A property in Noida and Gurgaon fully furnished can cost you around 40 to 50 lakhs. The same property would be much cheaper when the project is not even started. This is a big difference when the properties rates are skyrocketing in the Delhi/NCR. Other advantage with the under constructions is that increase in the value of property.

 Beneficial for buyers and sellers:  Buyers and sellers both gets benefits from the under constructed property. The builder gets its entire flat book even before the construction work started. By selling the flats in under constructed property money comes in advance. This also helps in accelerating the pace of the development. Buyers get the advantage of buying a property at cheap rate.

 Precautions for buyers

There is no doubt that a under constructed property has many advantage especially in terms of high returns and cheap housing. But there are few things that should be kept on mind. There are many builders out there in the market to sell their flats in under constructed property.

Builders background: While going for a under constructed property builder background plays a major role. If the builder has delivered a good project in the past chances are very high that he will do the same. Builder track record play a major role in investing a under construction property. Don’t go with new and unknown builder.

Authenticity of Documents:  Before by buying a under constructed property always check the authenticity of the documents. Documents play a crucial role and fake documents could lead you in unknown crises.

Loan duration: In under constructed property it is important that how the financial dealing will be done. Mostly a certain percentage of money is paid at the starting of the construction. So you should clear how the monetary transition will take place.

If you are the one who is planning to buy or invest in a under constructed property in the Delhi/NCR region then this article belongs to you.

Property in Delhi/NCR has seen a boom in the last one decade. Gurgaon, Noida are the two NCR regions that has become a favorite among the people and developer. Though property rates in Gurgaon is sky rocketing for middle class people. Noida has its upper hand in catering to the affordable homes in the NCR region. The development of Nodia and greater Noida along with the Yamuna express Highway has opened a gate of affordable homes in the NCR region. There are few tips that can help you in buying an affordable home in Noida.

Developer: Choosing the right developer plays an important role. Today with the real estate is in its top pace in the NCR region. Many developers who are unknown or first time developers are offering apartments in a very cheap rate. The people may find it very attractive but these projects are prone to delays. These delays by these unknown developers could ruin your financial planning. Experts say that people should choose reputed builders as they will deliver the project in right time.

Plots:  Yamuna expressway is offering plots, which you can buy at the rate of the apartment. The Yamuna express way is a world-class expressway which connects the Delhi and NCR region. If you are thinking it as investment the plots in this region may give you great returns in a long run. In short-term investment these plots could not prove to be handy as there is huge supply of plot in this region. But plot near the F1 circuit could prove a better option in current scenario.

Project requirement: You may find small apartments cheaper than the bigger ones. But mind you as the building rises space becomes a necessity.  People should go for a bigger apartments as their will be less difference in the premium of a 25 acre or 50 acre project to start with. But as the time progress and the apartments are installed with all the modern amenities the premium could have a huge difference. Always look for an area which has good open space like parks or has a big common area.

 The property along the Noida extension or Yamuna Express has large stocks and inclusion could be slow. Due to this housing in these areas are low in cost. The individual who had a long-term goal for investment like for 10 to 15 years this area is suitable for investing in property.

 Geographical location: Noida and its adjoining areas have better connectivity than Gurgoan. The other important factor is that Noida has a higher ground water table than Gurgaon. But the one thing that is common in both the cities is that the fall in a high seismic zone and is prone to earth quakes. But this has not made any difference in the booming real estate market in the NCR region.

 Real estate ratings: This is a great tool in the hands of the people who are looking for a house in the Delhi NCE region. Crisil Real Estate Star Ratings (Crest) which provides the important information about the project. Most of the buyers want proper information about the risks related to constructions, financial flexibility, and documents.  The Crest gives ratings in these factors. It also enables the buyers to follow the project details where the buyers are interested. But the ratings provided by the Crisil does not sates that a project without Crisil ratings is a bad choice.

These are the few steps which could of immense help to the aspiring buyers who wants to buy a home in the Delhi/NCR. 

Gurgaon has become a hub for the real estate market and for investing in the real estate. But how this transformation has happens. In the early 90’s if someone had told you to buy a property in the Gurgaon he would be giving you killer looks. In those days Gurgaon was a suburban area near Delhi with no good transportation and no better employment opportunities. Then came the big transformation and in the early beginning of the 21st century the change took place. Many real estate companies have made Gurgaon their home. The revolution took place because of the following factors.

Booming Indian economy

In the last decade India has emerged on of the superpower. Indian economy has grown manifold in the last decade. With government good economy policies and less business restrictions by the government has attracted many foreign companies.

New policies regarding the FDI (foreign direct investment) has adopted by the government of India which encouraged foreign real estate companies to invest in India.

Investment in Property is giving more returns than investing in any other stocks and government FD.

The purchasing power of the people has increased in the last one decade. 8.1pecent of growth has been witness in the last financial year by the Indian economy.

The rise of the Indian middle class in terms of purchasing power has increased considerably. These are the major factors which have contributed to the growth of real estate market.

Increased in housing demand

Google, Microsoft, Nokia are example of the multinational companies that had their offices in the Gurgaon. So employment opportunity had attracted skilled and highly educated youth. With the increase in the people coming for work demand for housing increased. This demand is directly related to the property market.  Demand for offices also increased as these companies needed world-class infrastructure in their working place. With sudden boom for residential and official places has led in the increase in the prices of the property in Gurgaon.

Employment in the real estate

After agriculture the real estate sector has become the second largest employer in India. This sows the demand for Property in India. Big companies like EMAAR MGF, Keppel land, DSP Merrill Lynch all has invested in the booming real estate market in India. Other than domestic property companies like Amrapali, DLF and other has a big share of investment in India real estate market. These big companies are fulfilling the demand for housing, but also providing employment opportunities for fresh graduates. The employment in the real estate is one of the major factors in expanding the city limits.

Conclusion

Seeing the rise in the property many farmers had sell their agricultural land. The farmers by selling their property have also become rich.  Earlier the land which was used for producing food grains now has tall rise building in them. This was the scenario of the real estate market in Gurgaon. Nevertheless the development has only had positive vibe in the real estate sector.

These are the factors which transforms the Gurgaon from village to become a world class hub for employment. The per capita income of Gurgaon is among the fourth largest in the country. Due to the boom employment and increased income living standard of the people also changed. With malls, multiplexes, pubs and restaurants have opened to cater the young and highly educated youth. The image of Gurgaon has made a terrific makeover in the last one decade.

Before buying a home there are few things that one should be kept on mind? The person should not go hurriedly in the deal.  There are temptations which the property agent gives you. So you should not become an easy prey for them.  There is a huge increase in the real estate market in India in the last decade.  The growth of real estate in the Delhi NCR region has increase manifolds in the last few years. With the unprecedented rise in the real estate sector has led to the demand of house and apartments for sale in the Delhi NCR region. But before you go to make a deal there are few things that should be kept on minds.

Budget

Without knowing your budget, you can visit number of properties but it will be only a waste of time. If you have a proper budget in mind it will immensely help you to know your need.  It will also make you search for home more result oriented than ever. It will not only help you but also it will be helpful for the agent. The agent will Know now your needs and will only show those homes which will within your budget.

Loans assistance                            

Buying a home is not a small thing as it requires a good amount of money. Sometimes due to financial constraints it becomes very hard to manage all the money and you fell short for a few amounts than you can take loans from banks and other private parties. Though the bank will give you exact amount of loan. The private bodies sometimes can give you loan beyond your expectations. But you should not be overjoyed by that as you have to return that amount in the future. So you should be very careful while applying for a loan.

Research the market

Good research always helps. So before buying a house you should do a good research of the Property market. You will see the difference that and the result you gets. The market sometimes changes quickly. The prices could rise very steeply at a very short time or sometimes can also decrease very fast. A good analyze of the market is recommended.

Online property

If you don’t have time to research for the property you could do online research through the websites. Today there are many online property sites working on the web. These property web sites come in a very handy if you don’t have a time to physically go and meet the agent.  But before looking for the property through the web do not completely rely on the web and for finalizing the deal it always recommended to physically go to the location and meet the agent.

Good transportation

A good network of transport one should always look. Many of the real estate developers are located in the suburbs of the city. The transport network should not be good there. So before buying a house look out for a good transport network.  A good transport network also determines the price of the property.

Essential Amenities

Always look for the basic amenities before buying any house. With the unprecedented growth in the real estate sector in the Delhi/NCR many real estate companies is overlooking the basic facilities. Schooling, hospital, market are some of the basic amenities which everybody looks before buying a house. Indian real Estate property is booming and it is right time to ripe the growth in the property market. 

There is a sudden rise in the prices and demand of the property in India. The Delhi and NCR are also witnessing the boom in real estate market. In the last decade the prices of the property is soaring high in the Indian real estate sector. With small and big players is entering in the business the sector has showing a tremendous growth. But the one thing that comes in the mind is that, why is there a sudden boom in the real estate market.  This can be attributed to the growth of India as an economic power in the world. Now the people have much purchasing power than they ever had.

Emerging Indian real estate Market

DLF, EMAAR MGF, AMARPALI and other big player of the real estate are busy in building their big projects. Many of the current projects are running on the Delhi NCR because of the availability of land there. The rise of India as one of the lucrative market for real estate sector, fuel by the tremendous growth in demand of affordable and luxury housing. People now want to have their own house and they are ready to pay any amount from their pocket. The big players are also building houses catering to every income group. There is a high demand of luxury apartments, deluxe apartment and flats.  The government is also investing heavily in the real estate markets.  The real estate sector is giving high returns to people who are investing in it.

Buying and selling Property online

Many People don’t have time to meet agents and builders to buy property. Instead of this they put their requirements in the online real estate website. From there the agents and builders themselves reach the client and also give him details of the property.  There is a huge rise in the India Real Estate Property through online.  People today have become more tech savvy and they are comfortable in buying the property online. After doing research through online property website one can physically go and meet the agent and can also see the real location of the property.

Drawbacks of buying property online

In this vast online market buying property online could be a little dangerous. Though buying a property online could be of a great comfort for people. They should be aware of the fraud which they can easily get in. One should thoroughly check all the details of the agent and the builders before making any monetary transition. They should also check the credibility of the websites before surfing for the property. Don’t fall easy prey and check all the details, Location, Size of the property and other essential details about the property.

If you are one of those people who don’t believe in buying property online and believes in physically visiting in all locations then you should also have a thorough knowledge of the current real estate market.

Investing in the Indian real estate

Looking at the current scenario Indian real estate market is the right time for investing. With the rupee crumbling and even the prices of the gold is also volatile. Investing in the property is the right time as the return which the real estate giving is better than other funds and stocks. Many big companies are in the market the investor has a variety of choices to invest. If he does not feel confident in the private real estate firm then he has the option to invest in the government housing scheme. This is the right time to invest and making profit from the real estate market.

Gone are the days when buying and selling the property would involve approaching a real estate agent. It is modern era, where internet has enabled and accelerated new forms of interaction in every field including the real estate market. Customers are selecting this medium to get their property related needs fulfilled.

It has become possible with the existence of more and more property websites and portals. Property websites include mainly the website of real estate developers mainly and the portals include all type of property provided by different developers. These websites and portals have made it easy to find, sell, purchase, and rent any type of property. They also provide the facility of filtering the choice by available filters.

It means you can now find a property as per a specific location, budget, and size. Be it an apartment, flat, or land web world offers all types of property to suit diverse specifications of different customers. People who are looking to buy online property in India must be aware of its advantages and disadvantages. In this post I have mentioned both of them:

Advantages

Plethora of options

Online selling and purchasing of property provides the customers plethora of options to make entire process easy. In addition, almost every real estate developer like DLF, M3M, Vatika, Emaar MGF, JP, 3C, Ansals etc. has their presence in the internet market. Customers can easily get to know about these developers and the kind of property they are offering.

Convenience

Selling/Purchasing property online allow the customer to sell and purchase any type of property while sitting at home. There is no need to visit anywhere. In addition, it also allows a direct communication between buyer and seller. There is no interaction of real estate agent that charge fee from both the parties.

Easy Payment

Online payment at these websites and portals can be done in all of the major modes of payments. So, it is easy for the buyer to purchase the property by making easy transaction.

Better Search Results

These websites and portals have an option to filter the search according to specific location, budget, real estate developer, and type of property.

Disadvantages

Hidden Charges

There may be many hidden charges involved in online purchasing of property. These may be:

Taxes- Different types of taxes may involve that you might get to know at the time of payment. These taxes will automatically increase the price of the property you are purchasing.

Agent fees- Not every property involves direct communication between seller and the buyer. Some of them also include real estate agents and in this case real estate agent is the only person which meets to both the parties separately. The agent may charge a high amount as his/her fees.

Can’t Visit the Location

With online purchasing, you can’t judge the condition of the property. Sellers in the sake of getting high value for their property, upload good pictures of it on internet. It may happen that their property is in bad condition and they upload good property images.

No Physical Interaction between Buyer and Seller

Some of the websites don’t let the seller and buyer to interact with each other. While it is recommended to have an interaction between both so all the doubts can be cleared.

Fraud or Fake Websites

Due to lack of security in some of the websites and portals, customers can easily be a victim of fraud. Some websites may not be reliable. Buy online property site may record the important details enter by you. These details may include credit/debit card number etc.

With the rise in demand of property, it has been observed a great hike in its prices. The govt. has taken many steps to control the rising prices of property but has failed to check the slide. Even professionals involved in this field also observed the continuous hike in the cost of all kinds of property in rural and urban both the areas.

This general rise in the property prices owns to many factors that ultimately led to slow economic growth. It is all about the money game that plays an important role in giving rise to price of commodities, assets, and property. In this situation where nothing is certain nobody can give an idea about what is going to be next. One thing that can be surely said is that prices in rural areas are little less than that of urban areas.

To get all related up to dates there are several property or real estate portals that cover up every fluctuation of this market. This is done to make the people aware of what is happening around. These portals are empowering real estate buyers and sellers with innovative functionality, insightful content, and also with the reviews as well as feedbacks about the property, builders, and agents to the customers. If we consider only the reason behind the rise in the demand and price of property then one can easily observe that these are many. Some of them have been mentioned below:

Migration

In the search of job and livelihood, people keep on migrating from one place to another. These migrated people require basic necessities including food, shelter, and cloth along with all the modern amenities. So, in order to live in a better place people require different types of property that fits exactly to their budgetary requirements. This raises need of having all kinds of property including flats, apartments, and other such houses.

King size life

 For those money is not a prime issue, living a king size life is the main concern. They are willing to pay any amount to get their needs fulfilled. This automatically gives rise to the demand of such property. People today have become more and more habitual of luxuries and that is why they don’t hesitate to purchase any kind of property at any cost.

Low Economic Growth

Low economic growth of the nation is also one of the prime factors of increasing the prices of property. Real Estate Agents in Delhi NCR also agrees to the fact that factors like economic growth, gradually falling of rupee have a direct impact on the prices of property.

Low interest rates

Low interest rates also tend to become a factor for increasing property prices. When the situation happens, banks providing loans get to charge higher rates of interests creating credit double fold. It proves beneficial for most of property dealers and real estate agents to earn a lot of profit in a short period of time. On the other hand, property taxes also work as a major factor for increasing prices of property. To check India real estate property online, you can also visit number of real estate portals or websites.

So, whenever you go for selling, purchasing or better to say investing in the property, it is recommended to go for a deep market research analysis. This will not only give you an idea of prices but also provide worth of your money spend.

Hariom Balhara is a professional writer. He has rich experience in India real estate property online, real estate Gurgaon NCR, and other allied topics.

In today’s real estate market, most of the homeowners are becoming landlords. It is because everyone wants to explore different means for extra income. With the increase in frauds and criminal cases, people have become more conscious. They do complete screening of the tenants prior to dealing with them. But the truth is nearly every landlord has or will encounter the one that slips through the cracks during that screening. If you also have that extra piece of land to rent of then you must take care of many things.

The info mentioned below will help you to deal with these evil tenants who drive you crazy with nitpicking, neediness, late payments, violence, and habit of disturbing the other tenants or the neighbors.