Now pay 34% less for owning flats at CWG

Now pay 34% less for owning flats at CWG
Finally a respite of relief comes for buyers as DDA slashes down the three bedroom prices at 34% at CWG
(Common Wealth games) Village for three bedroom flats.
In the fresh notice DDA has issued inviting Public Sector Undertakings, corporations, agencies of Centre,
City Government to purchase 10 year old premium flats at Commonwealth games on concessional rates.
It is said that the tentative cost of a dwelling unit with a plinth area of 175-200 sq.ft will range from 3.92
to 4.48 cr affer concession that excludes conversion and two car parking charges.
The scheme is also undertaken to represent again unsold units. The coronaVirus and lockdown had
distrupted offering earlier.
Now Senior official of DDA has confirmed that there are 80 units available for sale. The listed organizations
that had purchased flats earlier are Exim bank, NABARD, Food Corporation of India, IRTC and Tourism
Corporation.
Earlier also in 2015, the auctions were done for these flats but the buyers had perception that prices were
higher. Now with the concessional rates coming up, DDA is also expecting to see some good demand for
the unsold units.

Real Estate segment adopts Virtual route expects to bind in interest of buyers Blend of Virtual reality

Real Estate segment adopts Virtual route expects to bind in interest of buyers
Blend of Virtual reality, analytics and automation is seen to woo customers of Real Estate segment. The
virtual property tours with high end HD video clarify impressing many of the owners or licensee.
Even the new projects the e-launches are gaining high end popularity. In current situation of Covid19,
when home seekers are avoiding physical visits, this becoming one of the smartest way to hook on the
interest of home seekers or the tenants. The trend of video walkthrough is a brain child of 2-3 months
but already has scored high end popularity among the masses.
The live webinar happening on the website allows and gives upper hand on discussing the open project
price, booking amount and the levels in which payments have to be done. Before the pandemic all these
practices was only applicable in developed countries but now India is also following the suit.
Many Realty developers have even developed a technology interface to provide seamless interactions to
the customers. Even the big known real estate players are starting up with the rental business by taking
help of technology.
The AI-Powered Chatbot on majority of platforms allows the user to know what exactly customers wants
in terms of location and exactly same could be offered. This key feature is also leading up good amount
of sales in the real estate business.

Scaling down EMIs give rise of home to Affordable home owners

Scaling down EMIs give rise of home to Affordable home owners

In times of crisis when economy was already hit and Pandemic being major threat to life, these elements caused major depression to the Affordable home owners. When things are trying to be back to normal the boon of lowering refinance by the National Housing Bank is announced. Housing finance companies have welcomed the decision.

In terms of decreasing burden and stress there is reduction of one percentage point. Buyers who have income ratio below 6 lakh and have already purchased homes in affordable category the interest rate for the borrowers of National housing Bank have come down confirmed LIC Housing Finance MD and CEO Siddhartha Mohanty.

As a role of its Covid19 relief liquidity package 10,000 crore funding too was announced by RBI.

The ministry of housing even communicated with SBI and NHB for extension of credit linked schemes for middle income generators by April 2020 to March 2021.

Top trends that are worth witnessing in 2020

Top trends that are worth witnessing in 2020
In the past year there were many milestone decisions taken to protect interest of the investors.
Introduction of scheme like RERA and pre launch sales has witnessed the growth in sales. With the crisis
going on all over the world you too might be thinking on why I should think on investing in real estate
segment now? If you wish to leave all the stress behind and grow beyond with your real estate portfolio,
here are few things that you must now:-
1) SEBI Regulated investments: - Now days the major shift is being seen and people like to go further
with structured investments. The structure used is AIF or in some cases even PMS route. For
builders, the pre-launch stage was the first hand stage to earn some amount of capitals. In these
part the exists are always through the rent yielding properties.
2) Managed office and Co-offices:- This concept is like a hot cake now a days and most ideal for
people who don’t want to deal with huge spaces. The major advantage of this model is that it
allows the tenants to focus on their core business leaving aside worries of facilities and
management as these things can be taken care by the service operators.
3) Technology-driven innovation:- The improved tools in the real estate phase are also cutting down
construction time and giving on improved methodologies. The digital marketplaces have also
enabled investors to profit with high end transparency.
Whether you are looking to get best lucrative future returns or trying to securing yourself with
any size of unit, the advice from real estate experts can do all that wonders. In future growth of
the real estate segment will be also be seen by the developers who have some sort of
specialization.