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01/12/2015

http://www.moneycontrol.com/news/real-estate/how-to-benefitthese-16-festive-offershome-buying_4128361.html

Banks and builders are offering many offers and benefits to attract the home buyers. Which one should choose? Read on to know more...

01/12/2015

Rs 5 lakh cr worth of investment is expected to be made over the next five years in Lower Parel!!!



http://www.therealtypaper.com/smart-city-project-to-start-from-lower-parel-in-mumbai/100726.cms

01/12/2015

http://www.therealtypaper.com/mumbai-residential-realty-sales-pick-up/061240.cms

12/11/2015

Group buying Real-estate - where everybody wins!

Group buying is an interesting new trend that is garnering attention from everyone who has any stake in the real estate market. In this model, groups of buyers approach developers either directly or through agent representation to negotiate scale-based bargains which would be impossible individual home buyers to achieve. It works – and it in fact has special pertinence in the festive season.

For Buyers
Property buyers have been waiting for real estate prices to come down for quite some time now, and the fact that it is now a buyer’s market is ensuring that developers offer better deals, bigger discounts and a host of freebies. Groups of friends, family and colleagues or even of like-minded strangers who are interested in the same project are in a beneficial position when it comes to cumulative bargaining power.

For Developers
Group buying is beneficial for developers too, as most of the big players are sitting on huge unsold inventories. Instead of approaching individual potential buyers at huge dedicated marketing costs, it makes eminent sense for them to negotiate with groups of buyers and strike a deal that brings in substantial amounts of much-needed liquidity immediately.

The Festival Season Impact
Seeking to cash in on the upbeat consumer spirit during the festive season, real estate developers are already active with discounts and freebies. While selling real estate in bulk is definitely a route developers will seek to encourage and promote throughout the year, the concept of group discounts dovetails very logically with the incentives-driven festive ethos.

Bulk buying of real estate is being pursued not only by buyer groups but also real estate brokerages, which represent such groups and can often negotiate the best possible deals. In fact, even fund houses looking for investments in real estate have considerable interest in this platform. It is always profitable to invest in an under construction project so as to obtain the most competitive prices and sell off these holdings at a later date for healthy profits. In other words, group buying of real estate is, in today’s market environment, a proposition where everybody wins.

23/10/2015

The Italian marquee sports car brand had opened its first dealership in Delhi in 2011 to cash in on young and super rich Indians' increasing passion f..

21/10/2015

MUMBAI Realty in at bear-run phase !!!

21/10/2015

If You Are A First-Time Home Buyer, You Need To Read This.

Are you investing in real-estate for the first time? Property buying can be very stressful and time-consuming even for old-timers. Contradictory views on prices, stories of frauds and tough-talking agents can intimidate you. To escape from unwanted stress while property hunting, PropTiger.com brings to you a comprehensive and simple first time home buyers guide:

1) Assess your finances: Do you have a car loan? Are you yet to repay your education loan? Did you take a personal loan and still paying EMIs? Make sure you fall under neither of the categories before you plan to buy a home. Your annual income might be high, but payments as mentioned above can hamper your credit score and also affect your ability to handle an EMI for a property. Home loan payments generally take around 35-40% of salaries across most mid-level employees. Calculate your monthly living expenses, cross those which can be cut or reduced and then see how much can you spare for an EMI. This preparation can help you answer some questions that your bank might ask.

2) Keep a treasure chest ready: As a first time home buyer, you should have saved a few lakhs of rupees to put in as equity for a home loan. Many first-time investors struggle to secure these funds before their loan is approved. This can create unwanted stress and if you fail to arrange the money within the specified time, you might end up missing the deadline and your loan approval might expire. If you have to borrow money from a family member (which many young people do), ensure you get a guarantee before you approach the bank for a loan.

3) Know why you are investing: Are you investing because the market is hot? Or, because all your colleagues are investing? Are you investing to save tax? Do you simply want to make an investment? Or, do you desperately need a home to stay? Being sure of the utility of the property you are buying can narrow down your search. If you are investing to get returns, go for properties which are being planned or are under construction in areas which are developing. For example, in areas where airports or other infrastructure is planned. If you want a home which you would want to move into immediately to save rent, look for a property which can give quick possession.

4) Find the right real estate agent: Do your research of the agent or the broker before you start looking for a property. Well-informed agents can guide you to good properties and well-connected ones can get you good deals. As hunting for a property takes a lot of time and travel, a good agent can save you time.

5) Research the builder and the property: Before you zero-in on a property, talk to people who own homes, neighbours and everyone you can come across for first-hand information on the builder and his reputation. Visit a few construction sites and buildings that he has already built, to check the quality of construction. Cross-check on the timelines that he has delivered on the property. Make sure that the land which the builder has is free of legal hassles. If required, cross-check the ownership of the land and get the papers examined by a lawyer.

09/10/2015

HOME BUYERS CAN NOW GET 90% LOAN FOR PROPERTY UP TO RS 30L !!!

Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below, RBI said on Thursday.

06/10/2015

We Thank one and all who took time read through our informative articles and help others benefit from them!
PROBUYER thrives on the power of groups and social circle and there is nothing better than spreading the word!

06/10/2015

http://www.dnaindia.com/money/report-maharashtra-govt-to-help-ensure-real-estate-projects-complete-on-time-2131918

Maharashtra govt to help ensure real estate projects complete on time - Developers will receive faster clearance resulting in quicker delivery and at a reduced cost.

06/10/2015

Are you still waiting?

"End-users should bargain hard now"


Aug 24 2015 | The Economic Times | Powered by probuyer.in


The slowdown is an opportunity for end-users to grab good bargains, Gulam Zia, Executive Director, Knight Frank India tells Sanjay Kumar Singh.

Q: Sales volume has dropped by 19% and new launches have fallen 45% y-o-y in the first half of 2015 in the major markets that you cover. Why are people buying fewer homes and developers launching fewer projects when there are so many people without homes in the country?

Much depends on the market that you are catering to. The launch of luxury housing has been extreme ly high in the past four years, while the rate of absorption has not been so high. If you create supply for markets where there is not much demand, you will have problems.

You mentioned that the country needs many homes. But the country needs homes in the right segment. Not even 5% of the country's housing need is met by developers that you and I know. Almost 45% of demand is in the social segment. Another 35-40% is for affordable housing in the `5-20 lakh bracket.

Even within the 5% that developers cater to, demand has come down because investors have lost confidence in developers. And these investors are not wealthy individuals only. They are ordinary people who have bought a second house with the money that they can spare because they thought that real estate would do well. That is one of the biggest reasons why transaction volumes have dropped.

End-users have realised that the market is not favourable for developers and are in wait-and-watch mode. They believe that prices will fall further, which is when they will go out and buy.

End-users also buy when the sentiment is right. It is job creation that gives confidence to buyers. This government has not been able to translate its economic initiatives into more jobs. This lag in job creation is likely to continue for at least a year, if not more. Only then will buying by end-users increase.

Q: Why have new launches and sales volume declined so sharply in the NCR residential market compared to the other cities?

In the NCR a sizeable chunk of buyers used to be investors. With even the top developers delaying their projects, the confidence of investors in developers has been seriously dented. Investors have moved away from the market and this has led to a serious decline in volumes.

These investors had invested money several years earlier are now looking to exit their investments. But they are finding it hard to get end-users. Developers' inventory is not moving because a lot of the inventory is held by investors who are willing to sell at a cheaper rate than developers because they had bought 4-5 years ago at lower prices.

Launches have gone down because developers realise that if they launch something new today, they will not be able to sell it. Buyers are not willing to buy anything that will come five years later. They are looking at projects that are in an advanced stage of construction.

Q: What accounts for the decent absorption rate in Mumbai?

The market below `50 lakh is very small. The `75 lakh to 3 crore segment is doing well. The luxury end in Mumbai is facing serious problems. Anything priced above `4-5 crore is finding few takers. The Mumbai market is also not as dependent on investors as the Delhi-NCR market.

Q: Why are no new luxury projects being launched in Mumbai?

More than 10,000 units priced above 5 crore were launched in Mumbai in 2009 and 2010. The absorption of such a huge inventory is proving to be a challenge.

06/10/2015

Maha Govt To Help Ensure Real Estate Projects Complete On Time
06 Oct 2015 08:07 AM


Asking developers to take up affordable housing projects, state Finance and Planning Minister Sudhir Mungantiwar on Monday said the government will provide all the necessary assistance to ensure developments are executed in a time-bound manner.

"Developers have been demanding single window clearance for undertaking housing projects. We are conscious about their demand and thus we have made single window clearance as a priority," he said at a real estate summit organised by National Real Estate Development Council (NAREDCO).

The minister said developers will receive faster clearance resulting in quicker delivery and at a reduced cost. "People should invest in real estate and developer community should execute projects with seriousness which is time-bound," Mungantiwar added.

Housing Development Finance Corporation (HDFC) Vice Chairman and CEO Keki Mistry said that opening of FDI should be concentrated on affordable housing.

"FDI should be concentrated on affordable housing, Digital India, smart cities so that enough housing stock is created across India. REITs will also play an important role for developers in the coming years. This is the opportune time for investment in India," he said.