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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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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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Real Estate
What Will The Real Estate Market Look Like In 2022?
After facing a body blow due to pandemic, the real estate sector seems to have come out of the woods lately and the growth momentum in the realty space is expected to continue in 2022
After a difficult 2020, 2021 has been a triumphant year for the Indian real estate market, with both, residential and commercial property sectors activity alright within the previous few months. Besides, the pandemic has well-tried to be learning expertise for developers and home-buyers.
The world is powerfully moving to consumer-oriented service offerings, and also the land sector is closely following behind. From the emergent stages of the process, the target client to the complete client engagement lifecycle, the real estate sector has witnessed a pointy shift in providing tailored services to customers.
Post-pandemic, the real estate industry has become a buyer’s market, with a customer-centric attitude driving growth. As a result, developers have had to devise new ways to communicate and advertise. Dependency on digital marketing and social media engagement helped bridge the gap whereas fast sales.
As a replacement variant looms over the planet once more, uncertainty on resuming workplaces continues. sadly, this conjointly impacts commercial sales, that area unit nonetheless to examine associate dealing. though IT and different connected industries have had nice buys on this front through the pandemic, it should not be enough to revive the sector.
courtesy:TimesProperty.com
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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.