Category Archives: Buyers Guide

Tough times changing time, those who evolve will succeed : Real Estate

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Last few years were tough time for reality sector and with sudden announcement of demonetization it became tougher bringing fear and insecurities to the real estate sector. But, somehow with changing times it gave a new ray of hope to the sector for clean and transparent market ahead. With new government policies of RERA and GST shaping the reality sector we hope for better and more stable real estate market. With every change fears and insecurities comes along as we get comfortable in the way we’re doing things and we have to go through some difficulty adjusting to the changes, But, those who embrace changes sees opportunity in every changes and they not only succeed but thrive. The secret to change is to focus on the opportunities lying ahead, not the old comfort way.

To survive, organisations have to embrace change. The strategy to survive and become a leader one needs to be constantly adapting to the change in an ever changing landscape. In order to achieve this, the focus must be on the opportunities lying ahead and aim for long term benefits of changes happening around even in a turbulent and continuously changing environment. Need to evolve a strategy for coping with unanticipated events. Those who evolve will succeed change happens fast and you must evolve to keep up with those changes or fail in the way. Changing times can imperil even the most successful companies. People who change after change will survive, people who change after change will succeed and people who cause the change will lead.

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How RERA and GST is shaping the realty sector?

Buyers Guide

With the new rules of RERA and GST coming there it is a general perception that it will bring the real estate sector on track. Increase in demand in the sector is expected and the prices will be likely to go down. Post RERA the general view is that the sector is going to be more buyer friendly and large cap real estate.

The recent government policy has generally improved the mood and has increased buyers confidence in the wake of government reforms happening recently. Buyer’s positive change of mood has lot to do with RERA policies towards customer’s long standing concern for better transparency and accountability in real estate transactions. With lack of trust and insecurities among the people earlier many people were hesitant to put their hard earned money to buy houses from developers because of the lack clarity and transparent policy to regulate the real estate market in case something goes wrong and they might get stuck in the legal process.

Centre’s focus on affordable housing and rate cuts have also encouraged the lower income home buyers. The interest rate has gone down and a positive recovery is very much expected in the residential sectors. RERA will boost the confidence of investors and will protect the buyers from fraud, false promises and violation of acts. Now buyers will be able to make informed decision based on the RERA and GST Bill. The right of consumers will be well protected and will encourage the investors as well.

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How will home buyers benefit from RERA?

Bangalore, Buyers Guide, Hubli, Mysore, , ,
  • Home buyers who use the services of realty agents and agencies will now be protected as the Act renders brokers and agents punishable if they do not abide with the regulator’s strictures ruling.
  • It will bring transparency, better governance and accountability to the real estate transactions and processes.
  • False promises and wrong delivery of real estate property will end.
  • Home buyers can approach the authority to settle disputes with errant builders.
  • Developers will have to sell flats based on carpet area and not super built-up area.
  • 70% of the money received from buyers be deposited in an escrow account and used only for the purpose of the development of a project.
  • The unfairly falsely allotted property buyers is entitled to receive compensation under RERA.
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Will RERA change the way real estate functions?

Bangalore, Buyers Guide, Hubli, Mysore, , , , ,

Definitely. With a promise of protecting the right of consumers and ushering the transparency The Real Estate (Regulation and Development) Bill, provides a legislation to protect home buyers and encourage genuine private players. Passed in March last year the long awaited RERA Act has finally coming into effect from May 1 where consumer is the king.

It will change one’s home-buying experience as the primary aim of the Act is to bring transparency and accountability from all stakeholders. Violation of orders of regulatory authorities may cause imprisonment of up to three years for developers and up to one year in case of agents and buyers . it will make mandatory for the builder to disclose details like approvals received, layout plans, court cases against them,registration etc.

Demand will improve as buyers will have increased confidence about investing in the property market. The real estate prices will remain stable now but rates could rise in the next six months. RERA will boost the confidence of investors. It will protect buyers who have purchased flats in the past. the RERA will provide relief to home buyers. It will help buyers get well-defined product typology and interior specifications. Therefore, Buyers will be able to make informed decision on a well laid-down information.

 

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Why you should invest in Tier-II cities like Mysore

Buyers Guide, Hubli, Mysore, , , ,
  •  Low costs real estate properties are easily available in Tier II cities.
  •  Higher and Faster appreciation of your properties.
  •  Booming real estate market.
  •  Affordable properties has wider demand and unexpected returns on your investment.
  •  Convenience to sell your property in tier ii cities in future gives more stability to your investment plans.
  •  Due to increasing cost of real estate and rapidly growing IT and other industries in tier-II cities high appreciation is more than certain.
  •  With Increasing commercial activity and services in Tier II cities also increases the demand for more residential properties.
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Demand of Real Estate Sector in Tier-II Cities

Buyers Guide, Hubli, Mysore, , , ,
Tier II cities has the possibility of yielding maximum return on your real estate investments.  It poses all the basic amenities, better infrastructure and transportation system. Health and educational institutions, corporate and industrial institutions and many more but it still has lots of scope for growth hence increases the demand for residential and commercial properties.
  Most of the Tier II cities has been selected for Smart city project and will shoot up the real estate price once the project gets started.  Expanding number of industries, commercial hubs and new infrastructures have accelerated the demand for more real estate projects.
Selection of several Tier-II cities for smart city has made them a promising real estate investment destination for NRI investors.
  Tier-II cities are not only good for end-users with small pockets but are also great investments considering the potential price appreciation.  The passage of the Real Estate Bill will also play an important role in the protecting the interest of buyers and ushering in more transparency in a sector for opacity.
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Tier-II cities as a viable investment option for NRIs

Buyers Guide, Dharwad, Hubli, Mysore, ,
Tier-II cities are better investment destinations due to higher potential for growth. Residential real estate prices in some of these tier II cities have seen a very good appreciation in the past few  years and is more likely to grow at a faster pace compared to the metros. Modi Government’s smart city project is also have major role to play as if successfully implemented, it has the potential to transform many Tier-II towns into metros. With improving infrastructure and more industries coming up in these cities, real estate market will more likely to see an expansion. While property prices in metros are sluggish, Tier-II cities have seen a significant positive correction. For NRIs who  usually want to invest either for their families or to create an asset have very good possibility to invest in these non-metros Tier-II cities as they can use them if they decide to relocate to India in future.. With Indian economy growing smoothly the Tier II cities are likely to expand day by day as Tier-II cities grow much faster than metros and more economic activity and infrastructure developments happen there. Major government policy changes like Real Estate Bill which is bringing much need transparency and credibility to the real estate sector will encourage more and more NRI investors to invest without hesitation and worry.
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Best ROI opportunities for NRI investors in Tier-II cities in Karnataka

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Mysore holds the best ROI opportunities.
  • Mysore has always been an attractive investment destination due to its rich cultural and historical background.
  • Location benefit of Mysore is another important aspects to look into for any real estate investors as it is just 2-3 hours of travelling distance from Bangalore.
  • Mysore is one of major tourist attractions in India.
  • Mysore well connected transport system throughout the city, efficient power supply and better infrastructure.
  • Leading bio-tech industry in india with excellent infrastructure and research environment for the growth of Bio-Technology industry.
  • The number of IT Companies is ever expanding.
  • Mysore has less traffic when compared to other cities.
  • Best sewage, drainage and solid waste disposal systems in the country.
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Impact of Demonetization on Real Estate

Buyers Guide, , , , ,

demonetization impact on real esatateStripping of currencies legal status is what is termed as Demonetization. It has been the long debated government policy now and has little or more impact  on almost every citizens of our country. Effect of demonetization on real estate has been very  much controversial with loads of romours and own speculations. But, lets have a look at the facts and statistics about its impact or reality market.

Most of the people thinks that it will help eradicate black money and will bring the much needed transparency which will build confidence and have the long lasting stability in the realty market. Our Hon’ble Prime Minister Narendra Modi has said that that over 5 lakh crore deposited with banks are not going to be kept idle and Banks will have to extend loans for all sorts of economic enterprises – for which they will have to bring down their interest rates, which seems to be a good sign for realtors. With falling interest rates property market will become more attractive.

Also since all the well organized companies choose to do their transactions through legal channels and financial means using bank loans and emi it will have a very positive impact on them. For those who used to do their transaction in cash will be forced to choose cheques and other legal payment modes which will eventually generate more confidence in buyers and more and more people will start investing without much of worries.

In short Demonetization is another big step along with Real Estate Bill and other government policy towards greater transparency  and better customer confidence. The sector is  also expected to receive more attention from foreign institutional investors given the improved transparency and better systems being in place.

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Investing in real estate property and financial stabilty

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real-estate-investment
Does owning a house still mark a significant achievement in realizing our financial dream? Now a days we may notice that more people are choosing to rent instead of buying a home. The most common reasons I guess includes housing prices are too high, payments are too expensive. There is some truth in those reasons, but I hope to make a case for owning your own home that goes beyond an investment. Owning Real Estate is more than just financial dream it make you feel the stability in your life. It diversifies your overall portfolio. Most investors recognize the value in diversification among different asset classes to reduce investment risks. Having the appropriate mix of investment enhances the chance of reaching your investment objectives while minimizing risks or chances of failure which may occur sometimes. Today we are observing a lot of uncertainties around the world which affects our jobs, businesses, investment policies and so on in one way or the other. Government policies like Real Estate Bill, Housing for All and Demonetization had made the Real Estate market more transparent and stable for the long term for both buyers and property holders. These events makes the changes the way we want to invest our hard earned money. As investors we react to these changes and it affects our choices.I am sure that it feels pretty great that at least one asset you own, the home you live in whether it is your rented property or you own them sees some consistent appreciation.
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