With the end of short term effects of these policy changes , we hope that 2018 might be the year of investors provided the long term benefits of the RERA and GST. Real estate saw upward trend in l 2017 after the storm of demonetization in 2016 . It was a setback for investors and buyers alike. But with passing time it was clear that policy changes such as demonetization , RERA Bill and GST has only benefited the reality sector by making it more transparent. Effects of demonetization, RERA and GST has given new standards of delivery, accountability and transparency. Willingness to pay for long-standing reputed developers will increase. Preference for ready to move-in properties that are hassle-free of any compliance issues. Completion of existing projects will be prioritized over launching new ones. Technology will also have good impact on the real estate sector. New smart buildings made with growing technology will help both building owners and buyers by improving performances and saving costs.
Keeping the surrounding and outside of your home looking nice and clean can make the first good impression on your customer. Keep your windows open while inspection if your house is showcasing its natural light and fresh air through open windows and doors could improve the chances of sale of your home, Removing heavy curtains or dark shades can make the room brighter and spacious. Clean your house before inviting potential customer , neat and clean rooms make the home attractive and suitable for living a healthy life. Remove or keep aside your things which are too personal. make sure that you keep every room neutral and less occupied so that it looks spacious and not too personal or small and congested. So customers can think themselves living there. Too much furniture ruin things for you it may make your rooms look small. If you have any pets remove them when your bring someone to show your house they may not like your pets and can damage your potential home deal.
Buying a home takes a lot of time and preparation. Being well prepared is worth it in the long run.
While buying your dream home, you must always clarify how much it is going to costs you to buy a home. The expenses that comes with owning a home. is first of them. Ignoring additional expenses of buying a home is very common mistakes a first time home buyer makes.
Relying very much on online home value estimation stuffs can be misleading and may costs you both time and money when buying your first home. But, just for assessment its recommended to get all the facts ready.
Some may not give much attention for the property or home inspection but it is one of the worst first time home buyer mistakes of not having proper inspection it can avoid lots of trouble and your hard earned money.
Making changes in you purchase budget before finalizing the deals can become dangerous and can be seen frequently. For first time buyers , the number one reason is awareness.
Not asking questions on doubt, no matter how silly your questions are don’t feel embarrassed to ask . If you have any question for us don’t hesitate to ask.
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.
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.
- 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.
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.
- 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.