Fulfill dream of owning home with best ever low interest rates

Fulfill dream of owning home with best ever low interest rates
Emotional contentment and financial hassle free thought is attained when you buy own home.
Ownership of residential premises is become a key to get that mental satisfaction in times of pandemic.
Many home seekers are plunging into various deals as far as residential ownership is considered to bring
stability and security for family.
Now having home is become a part of necessity rather that paying huge gruesome rents. Even when the
public poll was commenced and executed on renowned platforms by financial and digital expert it was
found that 68% of people consider buying home rather than anything else. In the beginning of the year
and much before the pandemic there was discussion for affordability and livability.
According to the surveys and data home loan rates were excess of 10%; the RBI had slashed repo rate by
40 basis points, now all time low is 4%. Ever since lockdown has commenced the repo rate is 115 bps
that becomes great news even for home loan borrowers even if they are thinking to opt for top up
loans.
Slashed rates and availability of 80% to 90% loan amount sanction this is right time to take home loans
and buy house that you always wanted.
Without increase in EMI flow, its high time for home seeker to plunge into spacious home. It is believed
that 36% of home buyers would switch on to affordable housing and 37% to mid segment. However the
worsen state is of labour industry therefore under construction projects are delayed but at the same
time there is great demand seen in ready to move flats.
Morever the slashed interest rates have given great chances to investors to invest in flat and gain capital
value of 2.5% capital value for renting apartment in future in various metro cities.
In order to sell up the stocks and attract attention of more customers, reputed developers too are
keeping no stone unturned. There are additional offers announced in some there is inclusion of
amenities. The additional rebate of 1.5% on top of low interest rates are also proving out to be
additional advantage.

Make your investments worth by seeding money in Real Estate

Make your investments worth by seeding money in Real Estate
A recent survey states that more than gold, fixed deposits and stocks Indians are really thinking on
investing money in Real Estate. In the next coming 6 months, home buyers are gradually going to return
the markets.
As per report jointly presented by Housing.com and National Real Estate Development Council the self
regulatory body of Housing.com and National Real Estate Development Council, the self regulatory body
of Housing and Urban Affairs ministry, as per 35% respondent preferred investing in property over gold
(28%), fixed deposits (22%) and stocks (16%).
In the earlier years the price rise was one of the major factors but now days with slash on interest rates,
People are hoping to buy once instead on renting one.
In April- May survey conducted for the first time buyers it stated that they preferred ready to move in
property and 21% said that they were ready to wait for one year if the possession is on time.
During the corona Virus pandemic people have also realized of owning own home. People from
commercial segments also feel that the offices should nearby and instead of shrunk spaces; people are
looking for open areas. In the Covid pandemic where there were uncertainty and liquidity issues, many
developers feel that the buyers will start returning to the markets. Many of Tier 1 and Tier 2 cities realty
developers have already started giving concessions even in the luxurious projects. This step is taken to
attract attention of home seekers and safeguard their buying interest.

CREDAI urges Real Estate Developers to stop usage of China-made goods

CREDAI urges Real Estate Developers to stop usage of China-made goods
Loss of 20 Indian brave soldiers at Galwan Valley is depressing for nation. The boycott China movement is
on fire. With the view to support Indian economy, Credai has requested 250 industries associated with
real estate sector to manufacture products in local environment thus to stop importing materials from
China. Satish Magar, President, CREDAI National urged people in the way of living life also support only
Swadeshi and give boost to the economy and people of India.
CREDAI, apex body of Real estate sectors said that in further activities pertaining to this sector not to
depend on any stuff that is being imported from China instead promote Swadeshi to bring in more
employment to people of India.
Due to Covid 19 there is major disruption in supply chain and delay in completion of projects. Credai that
heads 20,000 developers also said that “Local production and purchase will bring reduction in
procurement time and thus minimal loss of production hours, rising up opportunities for people in India.
Most of the raw materials being used is already manufactured in India, the senior official confirmed.

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.