Real Estate News
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Selling your Property in 2020? Here are some few Handy Tips to Help You
The slowdown in the real estate market has affected not only the sales of the newly constructed units but also the resale properties. In such times, finding the right buyer who will pay the right amount for your property is significant. The builders are offering considerable discounts and attractive offers to sell out their unsold inventory. The same is not the option for individual sellers. If they had to cut down their prices and give some attractive offer, then they will bring down their profit margin considerably. Here are some of the tips for the seller to make sure that they price their property right and get the desired profit fro...
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What NRI's Can Look Forward in 2020 in Indian Real Estate
In terms of opportunities and sales, 2019 has been a year that has garnered mixed interest from the buyers. The prices of the properties have been stagnant, and with the country’s GDP falling to 4.5 percent, lowest in last six years, the buyers have been on the fence regarding their decision to buy the property or not. However, some sectors of the real estate did show an improvement in sales. Around 40 percent of 230,000 affordable residential segments were sold last year. The second-highest share goes to the mid-segment with about 33 percent sales. The luxury and ultra-luxury, however, showed 10 percent overall sales in the real est...
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What Can the Builders Learn from the Real Estate Scenario of 2019?
The real estate sector of the country has been suffering for a while, and it has taken a toll on the builders. The rapid sales and demand for real estate projects started to decline after 2013. The introduction of RERA, GST and other laws relating to real estate has severely hit the sector. The potential buyers are now the fence-sitters and are waiting for the right time to invest in the real estate sector. If the builders were looking forward to some relief and improvement in sales in 2019, they were let down by the crisis involving the non- financial banking companies that started in late 2018. With banks being extra cautious of who th...
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What can Homebuyers Expect in 2020 in Terms of Real Estate?
The new year is just around the corner, and as high hopes there are from the real estate sector, there are certain things that the buyers should be expecting in the coming here. We discuss them here for you. 1. Rates may hike: In cities like Hyderabad, Bengaluru, the prices of the properties have gone up by 40 percent in the last five years, and it is expected that the market will see some price hike next year. The price correction in the real estate market did not take place as it was expected, but for the overvalued properties, the buyer did witness some slight price correction. 2. Better home loan deals: The government has been...
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Is the Hype Around the Real Estate Market Affecting your Property Purchase?
The advice every real estate expert will give the homebuyer is to keep an eye on the market before taking a step in that direction. The prices in the real estate market have been mainly the same for a while with little fluctuation here and there. However, when one decides to invest in real estate, the price of the property plays an important role. The advice that one should be aware of the surroundings and the developments, the buyers can get obsessive, and it can take a wrong turn in the haze. For example, after the real estate market saw a major slowdown in 2013, the buyers were in hopes that the real estate sector would see a major co...
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Major Challenges Faced by the Real Estate Sector of the Country
The real estate sector of India is not only a gold mine to resident investors but also the global investors. The price rise and promising good return in the future is the reason for its high popularity. However, Indian real estate suffers from many challenges that affect its impact. Contributing to 6-7 percent to the country’s GDP, the real estate sector of the country is going strong, even amidst the many challenges. Over the past few years, the real estate sector of the country has seen many reforms and introduction of laws to make sure that the country prime sector revives from the years of slow down. We discuss all the challenges ...
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Why NRIs Are the Next Big Investors in the Real Estate Market
NRIs or Non- resident Indians who hold Indian passport but are settled abroad due to work or other commitments, are considered as the next big investors of the Indian real estate market. The Indian real estate has been a gold mine for the investors, not only residents but also the foreign investors. With its high returns and proper laws backing it up, it makes an excellent opportunity for the NRIs to invest in the property in India. According to the experts, the total investment by the NRIs in real estate will amount to around $13.5 billion by the end of the next financial year. Not only Tier I cities, but Tier II and Tier III cities a...
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Buyers may Lose the Rights to Start Insolvency Against the Builders.
On December 11, 2019, the Union Cabinet approved the amendment that aims to prevent the ‘frivolous triggering’ of insolvency proceedings and to safeguard the interest of the companies taking over a stressed firm after the resolution process. After being introduced in 2016, the Insolvency and Bankruptcy Code has been amended for the fourth time. Apart from the amendment, a new Section, 32A, has also been added to the Code. The Bill seeks to amend the following Sections: 5(12), 5(15), 7, 11, 14, 16(1), 21(2), 23(1), 29A, 227, 239 and 240. The amendment of Section 7 may take away the rights of the buyers to initiate the corporate insol...
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Builders are Coming Up with Child-Friendly Projects to Catch the Attention of Millennials
According to the report published by the real estate advisory, more than 23 percent of millennials are living with their parents now and hope to move out of the house in the next 2 to 5 years. Around 65% of millennials aspire to buy property in the future, get married and start a family. Buying a home is a once in a lifetime investment for most of us, and most people only want to make the investment does not go wrong at any stage of life. Most people think about their future family and requirement when buying a house. Since most people hope to start a family in the future, they need to look for places that will give their children a goo...
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Present Real Estate Market Trend In Delhi NCR
The slow revival of the real estate industry in the previous quarter has affected the sales of real estate in the present quarter in Delhi/NCR. While Delhi and Gurgaon saw a marginal increase in average prices, property sales and prices plateaued in Noida, Greater Noida, and Ghaziabad. A few recent cases of a handful of builders facing bankruptcy in the area have impacted homebuyers' trust in the market. Almost 20 new residential and commercial projects have been introduced in Delhi/NCR in the third quarter of 2019. Surprisingly, Faridabad topped the list, followed by Gurgaon and Greater Noida. Real estate developers in this area...
