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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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Why Gurgaon Is The Highest Investment Destination?
WHY GURGAON IS THE HIGHEST INVESTMENT DESTINATION?
The changes within the property market of Gurgaon within the Delhi-NCR region are quite vital over the past few years. The prime areas have already reached their saturate purpose in terms of costs similarly to occupancy, the emergence of recent residential areas could return as no surprise.
Nobody is unaware of Gurgaon because of the hub of corporates. the provision of excellent quality residential places and continuous improvement in property to Old Delhi has created Gurgaon one in all the simplest decisions to speculate in property. Infrastructure development and enlargement of civic amenities like golf links road and Dwarka expressway are nothing however indicators of growth of the Real estate market in Gurgaon.
FUTURE OF REAL ESTATE IN GURGAON
It is evident that the Real estate sector of Gurgaon goes to witness additional growth within the coming back years,
AVAILABILITY OF RESIDENTIAL OPTION
As we tend to all aware, Gurgaon has an associate abundance of the area and ample opportunities once it involves location front for residential townships. These are necessary factors to work out the expansion of the belongings sector in Gurgaon.
AFFORDABLE HOUSING IS A BLESSING
Talking regarding the residential development front, there’s plenty that Gurgaon has to provide. This is the explanation why several investors and NRIs like better to invest in Gurgaon. The demand and provision of homes are mostly targeting middle and high-end segments. With additional and additional corporates marking their footprints in Gurgaon, the place looks to supply various opportunities. This solely suggests additional jobs in Gurgaon and therefore a rise in demand for residential complexes.
CIVIC AMENITIES
Many citizens are being enticed to invest in Gurgaon due to the increased availability of civic amenities near residences. One of the key reasons why we see more and more millennials investing in Gurgaon is the availability of residential complexes close to prestigious educational institutions and corporate offices. Most of the ready-to-move-in flats in Gurgaon are equipped with a variety of amenities such as party halls, fitness centers, yoga rooms, and clubhouses.
IMPROVEMENT IN STRUCTURE AND CONNECTIVITY
In every nook and corner of Gurgaon, a plethora of artistically crafted and breathtakingly beautiful residential complexes by trusted and leading builders and developers can be found. This corporate hub – Gurgaon – is attracting a lot of home buyers. The smooth connection to Delhi is the icing on the cake in terms of improving its real estate market position.
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Properties Costing Rs 1 Crore And Above Performed Better In 2021
Properties Costing Rs 1 Crore And Above Performed Better In 2021
The demand for luxury homes is expected to be bullish in 2022, and luxury enthusiasts are willing to lap it up. Here’s why
According to reports, the upper finish of the property market (properties cost accounting Rs 1 crore or more) has done increasingly higher in 2021. From being regarding twenty-one percent of all primary sales in 2020, they constituted about twenty-three percent in 2021, expressed Knight Frank analysis.
While there’s a stress on houses and amenities, new-age home-buyers have additionally become responsive to inexperienced design and property construction.
“From energy-efficient systems and star panels to inexperienced roofs and conservation – these area unit the foremost engaging options nowadays. Also, if the house is prepared, the building is licensed with eco-friendly certifications ANd has an energy unit charging station, I don’t mind paying a premium for it.
As per analysis, the highest 9 stock exchange-listed developers oversubscribed approx. 18.46 million square feet of housing house in H1 FY22, in exceptional distinction to approx. 13.28 million square feet within the corresponding amount a year ago. “The heightened levels of exclusivity, safety, and individualized services that escort the branded expertise area unit suited to the current wants. Hence, the demand for owning branded and maintained residences has seen a surge.
Evolving luxury landscape
Following Covid-19, the luxury home-buyers area unit currently focussed on raising their quality of life with stress on health and luxury. “Among UHNIs, there’s a powerful demand for high-end properties which will function catch-all compounds, live-work areas, and supply resort-like living expertise, as homes became the only real house for all activities
Further adding, “Besides, new-age digital transformation tools and advanced enterprise technologies like the web of Things (IoT), ERP, AI method Automation (RPA), and information science are serving to developers with negotiation, prompt quality valuation, and increasing visibility.”
Pandemic risks persist
As per the survey, sixty-seven percent of HNIs arrange to purchase a luxury home in 2022. Therefore, any disruption thanks to Covid-19 is probably going to be a blip within the in-progress demand recovery, believe consultants.
“The last 5 quarters have seen an honest momentum for luxury home sales ranging from Q3 2020, and alphabetic character isn’t a celebration stopper heretofore. The restrictions in movement may lead to postponement of purchase choices. However, we tend to don’t see that as an excellent impediment because the repressed demand for homes remains robust and can recover (should there be a moderate slowdown) to require advantage of the positive shopping for setting,”
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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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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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How To Pick The Right Home Loan Tenure?
How To Pick The Right Home Loan Tenure?
Selecting the right tenure for your loan can reduce your overall loan burden. Hence, do your due diligence on your income, loan amount, and time left to service your loan to opt for the right tenure
Buying your own house is one of the biggest investments in life. Since it is a high-ticket transaction that cannot be undone or undertaken often, it becomes important for buyers to evaluate every step of the process carefully. One of the critical things we need to assess at the time of purchasing a home is the home loan. And while there are multiple factors to consider and negotiate on, one factor that has a significant impact on your money outflow, in the long run, is the tenure of the loan.
Why is it essential to analyze and negotiate on a home loan tenure? Here are five factors that impact the loan tenure and understanding them better can help you choose the right tenure for your home loan.
Deciding tenure
Typically, the repayment tenure for a home loan can start from five years and go up to 30 years. Some lenders are maybe even willing to look at 35 years in exceptional cases.
The tenure has a direct impact on your EMI and the interest you end up repaying. This is because the interest payable on the loan is calculated at the beginning based on the projected tenure and then the principal and interest are split into monthly installments, i.e., the EMI. So, the longer the tenure, the higher the interest accrued on the loan. A longer tenure gives you the benefit of smaller EMIs, but the overall interest you end up paying goes up. Similarly, if you choose a shorter duration then your EMI will be higher but your total interest will be much lesser.
Age matters
If you are in your 20s or 30s, then it makes sense to choose a longer tenure of 20-30 years. Doing this will help you manage your loan well in the current time, which will have a positive impact on your credit score. You may even be able to use this opportunity to negotiate for a lower rate basis your consistent repayments in the first few years of the repayment. You can always clear your debts when you have got additional money to pay your home loan partially or fully. But ensure your home loan lender allows you to pre-pay or foreclose the loan without any penalty.
Income
Your tenure is also a function of your income. A simple calculation can tell you what will be your EMI obligation if you choose a particular tenure. Lenders consider the Fixed Obligations to Income Ratio (FOIR), which is a measure of your overall obligations including EMIs, fixed expenses such as rents, food, groceries, etc. while considering a loan application. Typically, It is advisable to keep the overall FOIR around 50-60 percent. This means you should not have an EMI of more than 30-40 percent of your total monthly income so that managing all other expenses and emergencies does not put any undue stress on your finances.
Home loan amount
A higher amount home loan means a higher EMI as the principal and the interest accrued on the principal are both high. So, the shorter the tenure, the fewer would be the installments but higher would be their size.
courtesy:TimesIndia.com
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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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Elan Group Acquires 40-Acre Land In Gurgaon From Indiabulls For Rs 580 Crore
Elan group acquires 40-acre land in Gurgaon from Indiabulls for Rs 580 crore
Gurgaon primarily based on Elan Group has acquired 40-acre land from Indiabulls assets for Rs 580 large integer in Sector 106, Dwarka Expressway Gurgaon, in one of all the most important land deals of the country in recent times.
According to the restrictive filing by Indiabulls, the company has divested 100 percent stake in its subsidiaries – Airmid Developers restricted, Mariana Developers restricted, Albina Properties restricted & Flora exploitation restricted, that owns the land parcel.
According to someone tuned in to the deal, Indiabulls has been attempting to dump land parcels it holds in numerous components of the country.
“It may be an accredited land wherever Indiabulls had taken license for residential development in 30-acre and industrial development within the remaining 10-acre. Elan Group is probably going to follow an equivalent model and will not opt for amendment within the land use,” aforementioned the person tuned in to the deal.
The total development potential of the project is around five million square feet.
Elan Group has delivered 3 Projects in Gurgaon and constructing another 5. this may be the company’s 1st residential development because it has delivered over 2 million square feet of commercial area.