Category Archives: Hubli

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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