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Women in Real Estate
Be A Female Home Owner
Today’s women are well-read, well-versed with taxation benefits, and more conscious of their financial habits. And hence, they are warming up to the idea of real estate as an investment asset
Over the years, we have seen more and more women breaking the shackles of the patriarchal society to scale new heights in fields including real estate. One of the biggest paradigm shifts is that the sector today is much more organized and provides equal opportunities to all. Increasingly, companies are now looking at more inclusive workplace culture. There is also an increasing number of women breaking the proverbial ‘glass ceiling’ to advance to leadership positions in the real estate industry. To empower women entrepreneurs and encourage their participation in the real estate sector, the Women’s Wing of National Consultants has also been set up.
It has empowered women and created an environment where women in the real estate sector can come together, share experiences, harness their skills, make an impact and grow. Going forward, we need to continue to focus and create a ‘policy framework’ that can attract a diverse workforce to pursue a career in real estate. Organizations need to continue to focus on Diversity, Equality, and Inclusion (DE&I) initiatives to build a more diverse, equitable, and inclusive workforce.
Women have always been an important part of the home-buying decision-making process. However, over the years, we have seen women evolve from ‘homemakers’ to ‘home-buyer’. “There has been a steady increase in the number of women joining the workforce over the past few decades. Furthermore, as the opportunities for education and employment for women increase, so does their purchasing power. And with women making their own financial decisions, the number of women buying homes is on the rise. In addition, the house gives a sense of confidence, allows you to create a personal sanctuary, and saves you the hassle of moving houses every year.
It’s only a myth that it’s the man of the house who calls the shots. During site inspection or while viewing a sample flat, the woman has a keen eye for space, utilities, amenities, proximity to key areas of interest, etc. She views it from a more holistic point of view. If you cater to the woman of the house, you cater to the whole family. And developers are also getting sensitized to that fact and constructing projects keeping the woman buyer in mind
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To cut housing delay, Haryana to give clearances before license says CM
To cut housing delay, Haryana to give clearances before license says CM
Making the announcement, chief minister Manohar Lal Khattar said, “Any developer, based on a letter of intent (LOI), will be granted all the necessary clearances within six months, after which they will be issued a license for the project.”
The Haryana government has decided to give all mandatory clearances to residential projects before issuing licenses to developers to eliminate delays due to approvals that builders often attribute to the completion of projects after the handing over deadline. It is an old problem in NCR.
Making the announcement, Chief Minister Manohar Lal Khattar said, “Any developer, based on the letter of intent (LoI), will be given all necessary approvals within six months, after which he will be issued a license for the project.” He was addressing the Urban Development Conference 2022 in It will be the responsibility of the government departments to give timely approvals. “If any government department fails to approve within the stipulated time frame, it will be punished,” the CM said.
Developers will get a license for their project when all the mandatory clearances are in place. “Thus, there will be no reason for the delay in the completion of projects. After this the responsibility will be on the developers,” Khattar said.
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Zomato leases three lakh sq ft office space in Gurugram
Zomato leases three lakh sq ft office space in Gurugram
The building where Zomato has taken space is a JV (joint venture) between Emaar India and another developer. Zomato has relocated from existing space and an international property consultant facilitated the deal,” a person aware of the deal said on condition of anonymity.
Food delivery company Zomato has hired 300,000 square feet of workplace space at Emaar India’s Downtown Capital tower in Gurgaon is one of the biggest leasing deals in the National Capital Region (NCR) in recent times.
The building where Zomato has taken up space is located on Mehrauli-Gurgaon Road.
The building wherever Zomato has taken space could be a JV (joint venture) between Emaar India and another developer. Zomato has resettled from existing space and a global property adviser expedited the deal,” someone awake to the deal said on condition of obscurity.
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Upcoming Trends In The Proptech Sector
Upcoming Trends In The PropTech Sector
With the adoption of advanced technology in varied sectors, an entirely new realm of opportunities has unfolded, looking forward to start-ups to capitalize on that
Much like each alternative sector, the Real Estate Sector has seen AN explosion of innovation within the last decade. the Real estate trade is anticipated to contribute thirteen percent of India’s gross domestic product by 2025 and is anticipated to succeed in a market size people $1 trillion by 2030.
While the worldwide land trade has seen a vast tectonic shift, Indian land has conjointly felt its effects. Technology has revolutionized the Indian land trade in additional ways than one. From ‘Smart Cities’ to sensible homes, technology is found in each facet of the Real-estate scheme. because of the amorphous nature of Indian land and also the dynamic desires of the shoppers, PropTech has become a lot crucial, and advanced technologies like AI and VR became a lot rife.
Increased demand for virtual home tours
As considerations regarding the pandemic grew in 2020 folks, began to minimize physical contact to mitigate the danger of accidental transmission. an outsized share of Millennials and information Z started choosing virtual and mobile land services. This resulted in the enlarged use of virtual tools like 3D and VR headsets within the early stages of shopping for or leasing to spot opportunities value going once. prime land brands square measure enabling virtual tours of property and sites for prospective patrons to produce just about simulated life-like expertise. These tours square measure chop-chop gaining traction and are getting a mainstay within the land business.
E-signing becomes a norm
Another game-changing PropTech trend that has helped Brokers and land firms are the enlarged use of E-signing for lease, rent, or purchase agreements, contracts, operative from varied departments, and alternative property transactions. Implementing digitally signed documents has saved precious time for land stakeholders.
With E-signing changing into the norm all over, users will currently produce and E-sign legal documents online while not visiting an attorney. In alternative words, property transactions have not been easier than within the current times.
Along with convenience, E-Signing can even facilitate measurability. Aadhar based mostly E-signing resolution will provide brokers and developers flexibility to scale their businesses overseas, enabling them to faucet the NRI consumer base.
Rental property management and automation dashes
Constant endeavors square measure being created to create the Indian land market automatic in terms of property management. Today, managing leads, sorting knowledge, and providing responses square measure vital operational functions that bring large value implications to the organization. prime developers square measure already incorporating knowledge pipelines and algorithms into their decision-making method and going forward, managing data are important within the land trade.
Smart homes in demand
In this era of conversion, land inevitably is reworking to manage the dynamical perception and wishes of the homebuyers. Indian shoppers square measure grasp this transformation with open arms.
The smart home market in the Asian nation is already memorizing and is anticipated to grow to a size of $6 billion by 2022. . Luxury, security, comfort, and convenience, square measure key parameters that square measure creating home automation and sensible homes more and more common. With enlarged awareness and better disposable incomes, the marketplace for such homes is certainly hot and enormous developers in Asian nations square measure more and more group action sensible home technical school in there comes to cater to the dynamical client preferences.
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Housing Affordability
Housing Affordability At Decadal Best
Over the last decade, the housing market has undergone a structural transformation on each, demand also as provide fronts. This has created the atmosphere for home shopping for comparatively engaging and safe
One of the foremost costly assets is property, and therefore it’s no surprise that it’s typically riddled with affordability problems. However, in line with Knight Frank India’s Affordability Index, Indian markets area unit at their decadal best in terms of housing affordability.
Shopper outlook
Thanks to the web portals and accrued money data, the real estate sector are currently coping with associate degree wise to the client base. Home-buyers browse online portals, watch the news, etc to spot the professionals and cons of a neighborhood also to perceive the present property rates.
But if affordability has been born, why area unit sales in the town center, not the maximum amount because of the peripheries? “People like homes within the peripheral areas as a result of they’re obtaining a lot of worth for his or her cash with even bigger and spacious living accommodations in a very clean and inexperienced atmosphere,”
“There may be a high demand for comes that area unit within the town centers, thanks to that the valuation is way higher compared to peripherals. thanks to this, the affordability rate and sales numbers tend to take issue though the loan rates are slow down,”
Benefits for home-buyers
“Post the pandemic, there was widespread anticipation that the real estate market can crash and see a significant uniform worth correction. However, that failed to happen. Developers did roll out offers and discounts to lure consumers, however, it varied from project to project. Also, since purchaser demand for branded homes accrued considerably, leading developers gave fewer discounts and offers compared to non-branded ones. however what conjointly worked within the reduction of overall property acquisition value was the decadal-low interest rates and initiatives like taxation cuts in some states,”
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Land diverted via 22,000 illegal registries in Gurugram division in four years
Land diverted via 22,000 illegal registries in Gurugram division in four years
Of these, more than 15,000 were in the Gurgaon district alone. Through the illegal registries, land notified as a controlled area – which has certain safeguards – was diverted for construction, officials said.
GURUGRAM: A government probe, ordered within the wake of large-scale irregularities in land registries returning to lightweight in 2020, has found that just about twenty-two,000 illicit land registries were dead in 3 districts of Gurgaon division — Gurgaon, Rewari, and Mahendergarh — between 2017 and 2021. Of these, over 15000 were in the Gurgaon district alone. Through the illegal registries, land notified as a controlled space – that has sure safeguards – was amused for construction, officers said
The investigation by the Gurgaon divisional commissioner has conjointly found the involvement of a complete of one hundred fifty serving and retired revenue officers — 119 patwaris and 31 tehsildars — within the 3 districts in facilitating and carrying the illegal registries. These, officers mentioned, LED to the creation of many unauthorized settlements within the city. TOI has learned that the authorities have directed the deputy commissioners of the 3 districts to arrange a rap sheet against all the serving and former officers.
A senior government official mentioned, “The authorities have determined to initiate disciplinary action against the 119 patwaris, together with 76 in Gurgaon, who were concerned in dynamic the character of land use within the revenue records that expedited an outsized range of illegal registries in clear violation of Section 7A of the Haryana Development and laws of Urban Areas Act, 2017.”
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Farmers Get Plots After Years of Legal Battle
Farmers get plots after years of legal battle, notice they’re up for auction
In fact, between 1981 and 2000, HSVP acquired hundreds of acres from around 1,500 farmers of Mullahera, Katarpuri, Gurgaon village, Dundahera, Chauma, Basai, and Dhankot villages to develop sectors 4, 5, 6, 9, 10, 22, and 23 of Gurgaon.
After years of legal battle, the farmers, whose land was acquired by HSVP (formerly Huda) to develop different sectors of Gurgaon, were assigned a definite range of plots. But before offering physical possession of the plots to the farmers, the development authority has listed the same for auction. The farmers asseverate that HSVP is denying the rights of the oustees.
In fact, between 1981 and 2000, HSVP acquired hundreds of acres from around 1,500 farmers of Mullahera, Katarpuri, Gurgaon village, Dundahera, Chauma, Basai, and Dhankot villages to develop sectors 4, 5, 6, 9, 10, 22, and 23 of Gurgaon.
Farmers got compensation for their land and assurance of a plot in an exceedingly sector developed on their land.
courtesy:TheEconomicsTimes
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Gurugram: NBCC Asked For Refund Plan For Green View Homebuyers
Gurugram: NBCC Asked For Refund Plan For Green View Homebuyers
Gurgaon’s outgoing deputy commissioner Yash Garg directed NBCC to come back with a concrete proposal regarding repairs or refund of money to the homebuyers before initiating any action for eviction.
Gurgaon: Taking note of the grievances of the homebuyers of the NBCC inexperienced read residential project in Sector 37D, Gurgaon’s outgoing deputy commissioner Yash Garg on Tuesday directed the developer to submit a concrete proposal to the district city planner for fast disposal of all the unfinished problems.
After hearing each of the residents and NBCC representatives at a gathering in his workplace, Garg directed the developer to return with a concrete proposal concerning repairs or refund of cash to the homebuyers before initiating any action for eviction.
“Eviction isn’t a straightforward method because it involves a great deal of hardship to the evictees,” he said
On this, the NBCC representatives same that they’d got to take the approval of the Board before submitting a concrete proposal for a refund. RS Batth, district town planner said, Once we receive a proposal from the NBCC, action will be taken safeguarding the interest of the residents. if it is unsafe we’ll work on the expulsion plan of buildings on a priority basis.
Courtesy: The Economics Times
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Gurugram: BPTP RWA Stops Essential Services, Residents Protest
Gurugram: BPTP RWA Stops Essential Services, Residents Protest
On Thursday, the BPTP Park Life RWA had taken a decision to curtail all these services to the residents who have not paid Common area maintenance (CAM) charges and instructed the facility management to stop the entry of all vendors giving services to them, the residents alleged.
Gurgaon: endeavor the cold on Friday, residents of Sector 57’s Freedom Park Life Saturday down on a dharna and protested against the RWA of the society for stopping essential services, as well as entry of maids, vendors, newspapers among different key services.
Around 30 residents, as well as girls, youngsters, and adults, command posters and raise their voices against RWA alleging harassment.
On Thursday, the BPTP PARK LIFE had taken the choice to curtail these services to the residents WHO haven’t paid CAM ( common space maintenance) charges and tutored the ability management to prevent the entry of all vendors giving service to them, the residents alleged.
The Freedom Park Life complex comprises of 9 towers, of that 6 return below plot A, whereas 3 towers are below plot B, and each plot is divided by a revenue road. Around 570 families live within the society of that around a hundred and eighty families live in Plot B. Most of them pay the upkeep charges to the present Freedom Park Life flat homeowners Association (AOA)
courtesy: The Economics Times
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Tips For Home Buyers
Home-buyers who purchased a home last year share their key learnings. Read on
When you’re finally entering into your dream home, you’ll be greeted by an entire bunch of hidden prices (home renovation, parking charges, relocation services charges, etc) that may utterly overshoot your expenses. Hence, keep that in mind.
Covid-19 is here to remain. Hence, if you have got the budget, then select a pair of 3-BHK lodging because it won’t solely provide your family a way of privacy, however, you’ll additionally flip your spare chamber into your home base or fitness zone. Besides, if any of your relations get infected, s/he can even get unintegrated within the chamber and obtain timely treatment.
“Take advantage of the present monetary climate and go ahead a book your dream home.
Before applying for a home loan, make sure you have a powerful credit score because it can assist you to get your home loan sanctioned faster;
Decide on the allow your house and stick with it. Don’t get ambitious instead you may strain yourself financially within the end of the day.”
“Make an inventory of your high 5 necessities and don’t compromise thereon once creating your decision;
once signing your home loan documents, enquire regarding proceeding charges, defrayment penalties, among others;
Remove a substantial amount and keep it aside for the interiors of your home.”