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  • Real estate sector also welcomes the inauguration of the Hero Honda Chowk flyover

    Hero Honda Flyover Inauguration

    The one side carriageway of the eight-lane Hero Honda Chowk flyover has finally opened providing a relief to the commuters heading towards sector-10, Kadipur, Sultanpu, Jhajjar. Haryana Chief Minister Manohar Lal Khattar inaugurated the flyover on Monday. The Union Planning and Urban Development MoS Rao Inderjeet Singh andstate PWD minister Rao Narbir Singh were also present in the function. People can now directly go for a straight route from Hero Honda Chowk without passing through the Kherki Daula Toll Plaza.

  • AFFORDABLE HOUSES: Growth Drivers of Indian Real Estate Industry

    AFFORDABLE HOUSES

    If we talk about affordable houses, it typically denotes the housing needs of the lower or middle income population. The Government of India has taken number of steps to make affordable house available to everyone.

    Budget 2017 has proposed infrastructure status for affordable housing, a long-standing demand of developers, and also increased the allocation for the Prime Minister Awas Yojana from Rs 15,000 crore to Rs 23,000 crore, bringing the country closer to realising the Housing for All mission by 2022. Under this one crore houses are to be built by 2019 in rural India for the homeless and those living in ‘kaccha’ houses.

  • Amritsar becoming the next hot realty destination

    Amritsar Becoming The Next Hot Realty Destination

    Amritsar the second-largest city of Punjab boasts of the Golden Temple and attracts more visitors than the Taj Mahal. At present, the city has ample supply of residential units, with many new township projects launched along the national highway and airport. The city has a number of malls, multiplexes and townships under construction in Amritsar, which are attracting buyers towards it. There are also approximately 25,000 industrial units in Amritsar district.  The old city area along the Civil Lines is an established residential area with plotted developments.

  • An Upward shift to Affordable Housing

    The Grand SARE Crescent ParC Township Sector   92 Gurgaon   Copy

    NewsMantra Bureau

    The favorable policy announced by the Modi Government of owing affordable houses has got an upward shift over the past three years. The motto of announcing the policies such as “Housing for all by 2022”, Pradhan Mantri Awaas Yojna (PMAY)” is to give push to affordable houses so that people can buy their dream home at affordable pricing.

  • Experts suggest it is a healthy time to own a 2nd home

    Real Esate 123

    Photo Courtesy: Internet 

    Home buyers should be clear about the purpose of investing in the 2nd home

    The real estate sector which experienced a wobbly start in January is now showing signs of revival. Sale has improved both in the primary as well in the secondary market: all these shows that it is the healthy time to own a second home. People associated with the sector suggest that it is the best time to buy a second home.

    “This is an ideal time for buyers to invest in a second home as the market prices are low and will only increase in the coming time. A second home is ideal for investment purposes, as it generates rental income; it may also be set up as a holiday home for the buyer. Second homes are an excellent source of income for retirees as well," Vineet Relia, MD of SARE Homes, says

    Experts believe that if a person is buying a second home, it is an asset which should be bought with prudence and purpose should be clear whether a person is buying to rent it out or make an additional investment with a long- term horizon in mind.

    Well, many believe that the introduction of RERA has also brought in the positive impact on a sector and it is also responsible for changing landscapes of the sector.  

    “For those planning to buy a second home as an income-generating asset or for capital gains, the market is attractive when considered from a long-term perspective. For this, buyers should sort out their investment plans and put their finances in order. In the contemporary era, an affordable house is the best option a homebuyer can think of buying currently," Ssumit Berry, MD of BDI Group, said.

    "Overall, the time is favourable for buying a second home as realty has picked up pace after demonetization, RERA, and GST. There is a surge in demand for ready-to-move-in homes, which promise immediate rental yields. Even for those who are scouting for a second home for the extended family, it's a vantage position," Harinder Dhillon, VP (sales) of DLF, says.

    To clear out the unsold stock developers are also giving discounts and freebies to which buyers are taking the advantages of it and buying a second home. This ultimately is increasing the overall sale.

    With the improved real estate market coupled up with Government reforms are attracting home buyers to a buy second home.

  • GMDA formulation to facilitate Gurgaon with planned structure

    GMDA Formulation

    The formation of Gurugram Metropolitan Development Authority (GMDA) is endorsing as a governing factor for the economic development and planning of Delhi National Capital Region (NCR). The organization will propagate the alliance between different governing agencies diminishing their directional disparities. GMDA will be impelling the strategic expansion for the infrastructure and the real estate development. The stakeholders in the real estate industry will be benefited by this anticipated growth. Earlier they were endured on account of lack in planned principle development. With the implementation of GMDA, India’s Millennium City may witness a balanced and sustained development in the coming time.

  • Modi Government proposes PPP model to boost affordable housing

    PPP Model

    The union government has proposed a Public- Private Partnership Policy under which affordable housing will be provided land in order to boost housing development. The Ministry of Housing and Urban Poverty Alleviation (HUPA) has formed the model of Public-Private Partnership Policy for affordable housing to induce the developer to explore extra developable area. The policy has been launched to boost Prime Minister Awas Yojana (PMAY), a leader ship  initiative of the union government. So far, only eight PPP projects have been launched on the government land. “Housing for all by 2022” has been one of the chief agendas of the union government, taking under various state governments and financial institutes to focus in this area. The government has also proposed infrastructure status to affordable housing in Budget 2017, providing financial availability at combative terms.

  • NHAI to build NCR’s longest flyover on Dwarka Expressway

    Dwarka Expressway Gurgaon

    Dwarka Expressway is soon going to witness a new high. The National Highways Authority of India (NHAI) has planned to construct a 9 KM long elevated road in a bid to improve the connectivity between Delhi-Haryana border and the Basai railway overbridge. It will improve the connectivity to the area and cut short the travel time for both the commuters as well as residents in the area.

  • RERA Registration: Haryana builders seek 3 months extension for registration

    RERA Registration

    After the completion of the deadline on July 31 for RERA registration ongoing projects, several projects are still to be registered yet. The Haryana based realtors are expecting an extension in the deadline for the registration of the remaining projects under H-RERA. They have come across, approaching 3 months of extension in the deadline to the government.

  • RERA's effect on ongoing projects

    Elan Miracle Sector 84 Gurgaon   Copy

    Gurgaon: The Real Estate (Regulation and Development) Act (RERA) which has come as a protector of home buyers, and as a much awaited change which will boost business in the real estate industry.