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Loan Moratorium and Cuts in Interest Rates by RBI | TOPPROPMART

Benefits leveraged to Real-estate sector from extension of loan moratorium and cuts in interest rates by RBI

The Reserve Bank of India announcements are a continued effort to increase private consumption and provide liquidity access to all sectors hit by the COVID-19 pandemic. These actions will help reviving demand crippled by the lockdown. The Reserve Bank of India has announced that the standard lending rate will be lowered by 30%. Along with this, term loan moratorium will also be extended by 3 months. Currently, the RBI is making constant changes in the policies to uplift the number of sectors affected by the COVID-19 crisis and help them gain liquidity access. The slashing of the interest rate and the extension of the loan moratorium have been received well by the real estate sector.

At a time when the real estate sector is unsure about its future, these decisions of the RBI are welcomed by the developers. The pandemic had struck the realty sector right when it was starting to revive from a major liquidity crisis. The lockdown has been a major blow to the industry. The slashing of the repo rates would ease up the liquidity in the realty sector and also allow the banks to lend more money.

This RBI’s move today is expected to further help banks to lower home loan interest rates, which may get several more fence-sitters onto the market. Moreover, the repo rate cut may compel banks to reduce the interest rates for FDs even further this could result in even more people leaning towards housing as a better investment option.

These changes would also make it easier for the homebuyers to purchase properties, thus acting as an incentive. For example, the reduction in the repo rate would in turn increase the purchasing power of the buyers. The accumulated interest during the moratorium period would be converted into a term loan, which means that the buyers won’t have to pay up the accumulated interest immediately. The buyers’ sentiment would undergo an uplift due to the cuts in the repo rate, thus increasing sales. It is expected that this would especially benefit the affordable housing sector. This is because most people buying affordable homes opt for EMIs and seek the most economic options. Lower repo rates would result in low EMIs, giving these buyers a major opportunity.

While the real estate sector was happy with these moves, some of the leading developers expressed concerns regarding these being only temporary relief.

Satish Magar, President of Credai National Said, “We expected more stringent measures from the RBI booster to revive the economy. The move of moratorium extension is a short-term piecemeal solution to a long-term problem. The interest rate should be reduced with firm liquidity measures as this is the need of the hour backed by one -time restructuring of loans to help the real estate sector from crumpling. RBI has tried to ease the pressure on borrowers and has extended group exposure limit for lenders to corporates from 25 percent to 30 percent but this is not enough to solve the ongoing liquidity crisis. The government now needs to ensure that banks are forthcoming and are passing on the benefits to us currently, there is a dearth of income in the sector owing to the COVID crisis.

 

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Why Should You Buy Property in Lucknow?

Why Should You Buy Property in Lucknow?

Lucknow is known as one of the most important cities of the country. After securing its place in the smart cities of India, Lucknow is now emerging in various sectors like retailing, manufacturing and commercial. Clearly, with the rise of modern infrastructure, the city is attracting many investors and home buyers.

The Real-Estate market of Lucknow has noticed a considerable growth in recent times. Changing ambition of the local population, rapid increase in economic activity, good salary packages and increased employment opportunities have encouraged the growth of Real-Estate market in Lucknow.

 

This sudden appearance of the real estate market in Lucknow can further be attributed to the rise in construction activity, the majority of which is being done in the residential sector. Real-Estate developers in Lucknow are building many townships on the outskirts of Lucknow.

 

With a view to give a fillip to the biotech sector, the Government has collaborated with local universities and industries, the Council of Scientific and Industrial Research, and the Indian Institute of Technology Kanpur to set up a biotech park in Lucknow. This park plays a crucial role in the initial establishment phase of the start-up companies by furnishing key information concerning business avenues. It also provides easy access to the expertise of esteemed and successful scientists. This park can prove immensely beneficial for investors looking to invest in the biotech sector.

 

YOU MUST KNOW WHY BEFORE YOU ASK WHERE

  • Lucknow Development Authority (LDA) has great plans to make Lucknow a world class city. Few of them include the upcoming 301 km Agra Lucknow Expressway, World class transportation facilities by constructing subways, flyovers, hotels, malls and multi-level parking lots, a connectivity between Raebareli and Sultanpur road is already in progress. 

 

  • Well-developed Infra Structure Being the capital of Uttar Pradesh, Lucknow has a great network of well- connected roads, flyovers that aid smooth transportation, high tech infrastructure, green belts etc. The City of Nawabs is well connected through railways. With the launch of metro project, the real estate market has been on a Rise. Lucknow Metro Rail Corporation (LMRC) is set to add another feather to the city’s transportation and infrastructure. 

 

  • Innovation by developers in the endeavour to satisfy their customers, the Real estate developers in Lucknow have trying new methods and features in the construction of flats. Thus, various properties are available that have unique designs and atmosphere. 

 

  • Flats with all amenities the flats that are being developed in Lucknow are fastened with all the new techniques and amenities. Amenities include parking area, exceptional connectivity with neighbouring cities, electricity supply round the clock, and closeness to schools, healthcare centres and shopping complexes. This isn’t the limit to the settlements that a resident enjoys yet there are loads of rewards. There are some key locations like Gomti Nagar, Sitapur Hardoi Road, Shaheed path, Sector-6, 7 and many more within the city experiencing such developments. 

 

  • Development of commercial zones (DCZ) involving shopping complexes is providing a considerable share in the economic expansion. Thus, the populations within the city are able to make a high source of income by making investments in such commercial sections. 

 

  • In the years to come, Lucknow will experience more developments in the real estate. These developments will bring along high profits for those who will invest at the right time. Non-residents can investigate the finest property alternatives with the assistance of an experienced real estate consultant. Some of the firms are also occupied in advising the property options. With such capital, an entity can find the residential or commercial unit within their preferred budget and preferable location. 
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Office Life After Lockdown – TopPropMart

Office Life After Lockdown – TopPropMart

As Government Is Implementing Some New Policies Where Offices Will Start Operating from There Premises by Following Social Distancing and Government Norms.

As We know the labour market rubble of almost two months of pandemic-inspired physical isolation, several orthodoxies have emerged about the way we will work when the restrictions are eventually lifted. The Covid-19 pandemic has raised everyone’s level of awareness about the potential for their surroundings to serve as breeding grounds for communicable viruses or disease.

Its didn’t happened in a history that illustrates many jobs lost in big downturns never reappear, is that India faces entrenched unemployment data released this week by the Mumbai-based think tank Centre for Monitoring Indian Economy shows that unemployment shot up to 23.5% last month from 8.7% in March. In the week ended May 3, it jumped to 27.1%, the highest ever.

Thought some companies are adopting “new normal” where large sections of workers will continue to carry out employment from home.

Nobody can accurately predict how many people will become long-term unemployed. But already evident is that many thousands of businesses in retail, hospitality, transport, manufacturing, financial services, marketing and advertising, to name a few sectors – will never operate profitably again. Many will die. And thousands of people employed by them largely those with no capacity for home work will not possess skills or experience to be employed in the post-pandemic economy.

As per one of our employees who has been working from home for two months:

She says,“You know I’m very fortunate, I’ve a comfortable apartment, I have a desk that I can use as a kind of quasi office and I’m in a safe and loving family environment. And despite all that, to tell you the truth, it’s driving me crazy.

“I miss the human interaction and I find it stressful to be working in close quarters with the people that I love and live with who are also going about their business in different ways.

“The level of flexibility can be helpful and it is a privilege – but I wouldn’t want this to be my permanent work arrangement. No offence to the people I live with.”

The Covid-19 pandemic has raised everyone’s level of awareness about the potential for their surroundings to serve as breeding grounds for communicable viruses or disease. For the office real estate, the good news is that optimally and smartly designed buildings have the potential to decrease the rate of sickness, improve mental functions, outlook, and mood.

Here’s what the new normal for workplaces may look like.

OPERATIONAL RULES

  • No employee should be closer than 6 feet from another
  • Meetings of 10 people or more cannot be conducted
  • Lunch breaks to be staggered to avoid gatherings
  • Employees need to work in shifts, with an hour’s gap between shifts
  • Use of staircases to be encouraged. In case of lifts, no more than 2-4 people should be allowed at a time
  • No “non-essential” visitors allowed in offices
  • For staff dependent on public transport, vehicles will need to be arranged by companies. These will be allowed to work with 30-40% passenger capacity.

HEALTH & HYGIENE

  • Masks must for all employees
  • Adequate hand sanitizers to be available
  • Thermal screening mandatory for all staff
  • All workplaces to keep a list of Covid hospitals nearby
  • Use of Arogya Setu app to be encouraged

 

To put this in forth of the tenants, a great way is to document a building’s health status by meeting an agreed-upon industry standard. A performance-based system can be implemented for measuring, certifying, and monitoring building features that impact human health and well-being.

A guideline like this will give building users more confidence in terms of the interior environment.

SHORT TERM SOLUTIONS INCLUDES

  • Revise and rethink on the meeting spaces
  • Implementing building-wide cleaning protocols
  • Updating and displaying of safety measures regularly
  • Focusing on In-door air quality

LONG TERM SOLUTIONS INCLUDES

  • Rethinking of the floor plan and de-densifying the offices
  • Making the office spaces greener by implementing biophilic design elements
  • Adding outdoor spaces can provide work areas with fresh air and can allow for social distancing
  • Redesign air-filtration systems and bring more fresh air into spaces

 

CREATING AND ADHERING TO GUIDELINES

In a bid to break the pandemic chain and to carry out the operations seamlessly, certain responsibilities have to be shouldered by the operators as well as the occupiers (tenants), the SOP that some of the big operators are deploying consists of best practices that should be adapted for a smoother re-start:

 

BUILDING FACILITY LEVEL

  • Deep sanitization of the entire building
  •  Provision of non-contact temperature measurement devices for checking of each person entering the premises
  •  Mandatory face masks
  •  Hand-washing and sanitizing facility for incoming vehicles
  • Deep cleaning regularly of the air-conditioning systems
  • Asking people riding elevators to stand facing the wall
  • Keeping an ambulance on standby

 

TENANTS FACILITY LEVEL

  • Adequate disinfectants
  • Cold fogging chemicals
  • Hand sanitizers
  •  Face masks
  •  Hand gloves
  •  PPE for use in their office
  • Installation of Aarogya Setu App by each employee
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Buying a Home During Covid-19 in Lucknow | TopPropMart

Buying a Home During Covid-19 in Lucknow

Lucknow is developing at a rapid pace. All the major developers of North India are eyeing Lucknow as a very lucrative market. City’s growing infrastructure and facilities are improving and therefore people are attracted to Lucknow like never before.

Buying a home in this pandemic is beneficial if you find a home that seems right for you, you have job stability and if you can get financing at historically low rates then buying a home might be a wise choice and the right thing to do even now.

The same story is true for someone who wants to buy a property in Lucknow. The pandemic crisis gave investors a unique opportunity to scoop up properties at extremely low prices and finance them with historically low interest rates. 

It’s a difficult to time for the real estate market. For decades, it was understood that you could safely place your money into a home, sit back, and watch your home’s value go up. 

While there are plenty of lessons to be learnt from this pandemic, one of the most important lesson is the fact that life is very changeable, and we should be ready to fight with every situation. This holds true for our finances too and thus our investments. While, it is no secret that real estate is one of the safest and long-term investments, do you understand that this Covid-19 lockdown could prove to be the best time to invest in this asset. Here’s why!

 

  • Buyer sentiments have been immensely impacted due to the negative impact of Covid-19 on the economy. The looming uncertainty in the job markets, prospective home buyers have pulled back or deferred their purchase decisions. This gives an investor a higher negotiating power to close deals.

 

  • This has squeezed top notch developers across the country such as Godrej Properties, Bhutani, Shriram Earth etc come out with special lockdown offers that you as a prudent investor would not want to miss. With the special payment plans of cash discounts to booking a property    with just Rs 1 lakh, it’s all happening.

 

  • Apart from being less unstable, real estate is also a long term and tangible asset. It offers capital appreciation if you stay invested for a certain period of time. Market experts believe that even though the real estate sector has already taken a hit due to the pandemic, it is expected to revive soon. Even if you give yourself a period of at least 2-3 years, there are still chances you would end up gaining a higher ROI than any other asset. Not to forget the rental income one can gain if invested in a ready property.

 

  • Probably the worst hit asset due to Covid-19 was the share markets. basically, investors have been pulling their money out of stocks. This causes the price of the bonds to go up and about their yield to go downward. Stock markets have crashed not just in India but also globally. All seasoned investors know that stock markets are volatile and a high- risk investment as opposed to real estate. It thus makes sense to diversify your investment portfolio and invest in real estate at a time when everything else seems unstable.

 

  • The Reserve Bank of India (RBI) announced a rate cut in repo rates. The repo rate was reduced from 4.40% to 3.75%, a drop of 25 basis points. This clearly means that banks can now get loans at a lower rate from the RBI. If banks decide to pass on this benefit to the customers, the automatically your home loans rates will come down drastically.

 

  • As we all our at home following social distancing, we have more time on our hands to do a thorough research. You cannot go out for site visits; however, developers and brokerage firms have created all types of virtual aids to guide you in your purchase. Utilize your time to visit the properties online and who knows you might just find the deal of your dreams.

 

If you have a secure job and a positive capital backup or if you are looking for a long-term investment, this could be the right time to put your money in real estate. Lockdown have had us sit at home and re-think our whole existence!

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Buying A Home During COVID-19 in Noida | TopPropMart

Buying A Home During COVID-19 in Noida

Indian real estate market is winding under the COVID-19 impact, market experts say that it can be a very positive time for home buyers as they are at an extraordinary advantage to negotiate good deals on ready-to-move-in options. Homebuyers are also likely to benefit from all-time-low interest rates of 7.15 to 7.8 per cent on home loans.

 

A report from ANAROCK research exposes that out of the total unsold stock of over 6.44 lakh units in the top seven cities (as on March 2020 end) nearly 12 per cent of homes are ready to move in. This holds true for our finances too and thus our investments.

Experts also point out that the COVID-19 lockdown has enhanced technology-led home buying in India, making it possible to inspect properties online as well as negotiate and finalise deals. Virtual site visits are also becoming a reality and a large chunk of the property selection and purchase process can now be done digitally.

 While, it is no secret that real estate is one of the safest and long-term investments, do you understand that this Covid-19 lockdown could prove to be the best time to invest in this asset. Here’s why!

  • Buyer sentiments have been immensely impacted due to the negative impact of Covid-19 on the economy. The looming uncertainty in the job markets, prospective home buyers have pulled back or deferred their purchase decisions. This gives an investor a higher negotiating power to close deals.

 

  • This has squeezed top notch developers across the country such as Godrej Properties, Bhutani, Shriram Earth etc. come out with special lockdown offers that you as a prudent investor would not want to miss. With the special payment plans of cash discounts to booking a property in Noida with just Rs 1 lakh, it’s all happening.

 

  • Apart from being less unstable, real estate is also a long term and tangible asset. It offers capital appreciation if you stay invested for a certain period of time. Market experts believe that even though the real estate sector has already taken a hit due to the pandemic, it is expected to revive soon. Even if you give yourself a period of at least 2-3 years, there are still chances you would end up gaining a higher ROI than any other asset. Not to forget the rental income one can gain if invested in a ready property.

 

  • Probably the worst hit asset due to Covid-19 was the share markets. basically, investors have been pulling their money out of stocks. This causes the price of the bonds to go up and about their yield to go downward. Stock markets have crashed not just in India but also globally. All seasoned investors know that stock markets are volatile and a high- risk investment as opposed to real estate. It thus makes sense to diversify your investment portfolio and invest in real estate at a time when everything else seems unstable.

 

  • The Reserve Bank of India (RBI) announced a rate cut in repo rates. The repo rate was reduced from 4.40% to 3.75%, a drop of 25 basis points. This clearly means that banks can now get loans at a lower rate from the RBI. If banks decide to pass on this benefit to the customers, the automatically your home loans rates will come down drastically.

 

  • As we all our at home following social distancing, we have more time on our hands to do a thorough research. You cannot go out for site visits; however, developers and brokerage firms have created all types of virtual aids to guide you in your purchase. Utilize your time to visit the properties online and who knows you might just find the deal of your dreams.

 

If you have a secure job and a positive capital backup or if you are looking for a long-term investment, this could be the right time to put your money in real estate. Lockdown have had us sit at home and rethink our whole existence! 

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Top Real Estate Projects in Lucknow | TopPropMart

Top Real Estate Projects in Lucknow

Top Real-Estate Developer’s in Lucknow

Industry experts in Lucknow, especially those who are in the market on the crushed and dealing with the buyers on a day to day basis, say that property markets in the state of Uttar Pradesh has never really witnessed any major growth. But during last 2 decades or from last 20 years the state capital of Uttar Pradesh, Lucknow has seen an immense and rapid growth in the real estate market. Today, investors from different cities of Uttar Pradesh such as Allahabad, Barabanki, Kanpur, Sitapur, Sultanpur, Varanasi, Unnao etc are looking Lucknow as the best real estate market of the state.

There are numbers of real estate builders taken birth in the city which are doing a good business in real estate market.

DLF:

DLF - Real Estate Project Lucknow

With more than 73 years of real estate investment, development, and management experience, DLF has an unparalleled scale of delivery and an unmatched track record of customer-centric service excellence in India.

 

Years of Experience                                    74

 

Total Projects                                              72

 

Ongoing Projects                                        72

Unitech

 

UniTech - Real Estate Property Lucknow

Unitech has experience in developing and leasing IT/ITes and commercial office spaces in its Grade ‘A’ complexes in Gurgaon like Cyber Park, Signature Towers, Global Business Parks, Unitech Business Park, Unitech Trade Centre, Millenniums Plaza, Unitech Corporate Park, etc. Some recent launches have been Nirvana Courtyards II, Signature Towers II, Uniworld Towers and Infospace in Gurgaon, Bhubaneshwar 1 in Bhubaneshwar etc.

Years of Experience                                    49

 

Total Projects                                              76

 

Ongoing Projects                                        49

 

Omaxe

Omaxe - Real Estate Property Lucknow

With presence in 8 major states and 27 cities, Omaxe has both residential and commercial properties for our customers. The township principally consists of 14 group projects including twelve residential and two commercial projects. The residential projects comprise of independent floors, apartments and villas while the commercial project by Omaxe in Lucknow include a shopping centre and office space.

 

 

Years of Experience                                     33

 

Total Projects                                              104

 

Ongoing Projects                                        100

 

Ansal API

Ansal API - Real Estate Property Lucknow

The Sushant Golf City is the benchmark of golf-based development spread across 6400 acres on the outskirts of Lucknow. The ultra-modern township has a world-class 18-hole championship golf course surrounded by residential and commercial Developments. 

 

 

Years of Experience                                    53

 

Total Projects                                               98

 

Ongoing Projects                                         83

Parsvnath Developers

Ansal API - Real Estate Property Lucknow

One of India’s leading Real Estate Developers, with pan India presence across 41 cities in 15 states. Parsvnath Developers Limited has a diversified portfolio which includes, Integrated Townships, Group Housing, Commercial Complexes, Hotels, I.T. Parks, B.O.T. Projects, SEZs and 3rd Party Contracting.

Years of Experience                                             13

 

Total Projects                                                        55

 

Ongoing Projects                                                  53

Eldeco Group

Eldeco Group- Real Estate Property Lucknow

Carrying more than 30 years of expertise in construction and real estate development, Eldeco has delivered more than 150 projects spanning townships, high-rise condominiums, industrial estates, malls and office complexes. In addition, 30 projects are in various stages of active execution. The aggregate delivered area stands at more than 20 million sq.ft. with more than 25000 satisfied customers. Currently, apart from the towns mentioned above, Eldeco is developing projects in Panipat, Sonepat, Ludhiana, Jhansi, Neemrana and Jalandhar. The unique 1200 acres state-of-the-art Eldeco Sidcul Industrial Park at Sitarganj, Uttarakhand, is Eldeco’s flagship project in the industrial sector.

Years of Experience                                            13

 

Total Projects                                                       69

 

Ongoing Projects                                                 59

 

Emaar India

Emaar India - Real Estate Property Lucknow

Emaar started its business operations in India in 2005 and continues to fulfil its brand promise through its customer centric approach. Emaar in India has won several awards for its pioneering work and iconic projects, including the prestigious:

 

  • Developer of The Year – Residential’ Award from ET Now in 2018
  • DNA Real Estate & Infrastructure Awards
  • 9th Realty+ Conclave and Excellence Award in 2017

 

Years of Experience                                     15

 

Total Projects                                                36

 

Ongoing Projects                                             3

Purvanchal

Purvanchal is today clearly identified in the large scale housing construction business and real estate development, by timely delivery of prestigious project like group housing society for the officers of Prime Minister’s Office, NTPC, SCL, RBI, Ministry of Communications, Oriental Insurance, HCL Technologies, Infosys, Wipro, IBM, TCS, ST Microsystems, Supreme Court Bar Association and many other leading Multi-National Companies.

 

Years of Experience                                      26

 

Total Projects                                                 18

 

Ongoing Projects                                            18

Rishita Developers

Rishita Developers - Real Estate Property Lucknow

Rishita Developers Pvt. Ltd. has delivered exclusive developments with a unique combination of traditional and contemporary designs. With the passion for creating vibrant and sustainable communities, RDPL, aims to build not just homes, but a valuable legacy. It aims to build dream homes that are pocket-friendly and create spaces where life meets lifestyle. As for RDPL, the design of a home doesn’t stop at the door.

 

Years of Experience                                       11

 

Total Projects                                                  07

 

Ongoing Projects                                            06

 

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Top Reasons to Invest in Real-Estate during this Lockdown | TopPropMart

Covid-19 and the resultant lockdown has Forced us to stay at home and re-think our whole existence! Our lives have witnessed a 360 degree turn with homes becoming offices, domestic helps becoming a thing of the past and hugging a dear one becoming a sign of lack of care or compassion.

While there are plenty of lessons to be learnt from this pandemic, one of the most important lesson are the fact that life is very unpredictable, and we should be ready to fight for every situation. This holds true for our finances too and thus our investments. While, it is no secret that real estate is one of the safest and long-term investments, do you understand that this Covid-19 lockdown could prove to be the best time to invest in this asset. Here’s why!

  • Weaker markets

Buyer sentiments have been immensely impacted due to the negative impact of Covid-19 on the economy. The looming uncertainty in the job markets, prospective home buyers have pulled back or deferred their purchase decisions. This gives an investor a higher negotiating power to close deals.

  • Lockdown offers by top developers

This has squeezed top notch developers across the country such as Godrej Properties, Bhutani, Shriram Earth etc come out with special lockdown offers that you as a prudent investor would not want to miss. With the special payment plans of cash discounts to booking a property with just Rs 1 lakh, it’s all happening.

Many Developers and property firms have innovated their selling strategies to meet the need of the hour which is online selling. For instance, TopPropMart giving facilities of online site visit by drone to aid buyers and investors to buy property during this lockdown. facilities such as walk-through videos, detailed project reports, Ppt of projects, we will help you to buy property online.

  • Tangible Asset

Apart from being less unstable, real estate is also a long term and tangible asset. It offers capital appreciation if you stay invested for a certain period of time. Market experts believe that even though the real estate sector has already taken a hit due to the pandemic, it is expected to revive soon. Even if you give yourself a period of at least 2-3 years, there are still chances you would end up gaining a higher ROI than any other asset. Not to forget the rental income one can gain if invested in a ready property.

  • More stable than stock markets

Probably the worst hit asset due to Covid-19 was the share markets. basically, investors have been pulling their money out of stocks. This causes the price of the bonds to go up and about their yield to go downward. Stock markets have crashed not just in India but also globally. All seasoned investors know that stock markets are volatile and a high- risk investment as opposed to real estate. It thus makes sense to diversify your investment portfolio and invest in real estate at a time when everything else seems unstable.

  • Reduced home loan rates

The Reserve Bank of India (RBI) announced a rate cut in repo rates on March 27th, 2020. The repo rate was reduced from 5.15% to 4.40%, a drop of 75 basis points. This clearly means that banks can now get loans at a lower rate from the RBI. If banks decide to pass on this benefit to the customers, the automatically your home loans rates will come down drastically.

  • More time to do your research

As we all our at home following social distancing, we have more time on our hands to do a thorough research. You cannot go out for site visits; however, developers and brokerage firms have created all types of virtual aids to guide you in your purchase. Utilize your time to visit the properties online and who knows you might just find the deal of your dreams.

If you have a secure job and a positive capital backup or if you are looking for a long-term investment, this could be the right time to put your money in real estate. Lockdown have had us sit at home and re-think our whole existence! 

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How to Buy a Home Safely during Coronavirus Outbreak | TOPPROPMART

How to Buy a Home Safely during Coronavirus Outbreak?

The Indian government has officially started taking action to reduce the spread of well-known COVID-19. Our citizen’s health is more important than anything else. However, these safety measures have likely broken up the plans of many people looking to buy or list a home this upcoming spring. The best technique to stay healthy is to stay safe and avoid social situations.

We TopPropMart, care about the safety and well-being of our clients. We’ll go over a couple of reasons why it is actually a great time to Invest in residential REAL ESTATE, and how to stay healthy while doing so.

Why Is It A Great Time To Buy Property?

For one, people are working from home and avoiding large social gatherings. For buyers, this is the time for buying new residential properties & commercial properties!

The other reason why it’s a great time to buy property is because the Coronavirus has caused mortgage rates to drop to record lows, but basically investors have been pulling their money out of stocks. This causes the price of the bonds to go up and about their yield to go downward. The 30-year fixed mortgage rate has a direct relation to the 10-year treasury rate – so as a result, mortgage rates are lower than they’ve ever been in the history of compiling data. This makes it a great time to buy a Property.

Tax and Duty Relief Probable Is Package for Industry

The Reserve Bank of India (RBI) had taken a step to relief industries, including a repo rate cut of 75 basis points, a reduction of 100 basis points in the cash reserve ratio to free up liquidity and a three-month moratorium on loan repayments.

The second economic relief package is meant at making sure that the sectors worst hit by the lockdown are able to spring back quickly once the country reopens.

Industry has called for a fiscal stimulus worth 1% of country’s GDP amounting to Rs 2 lakh crore to counter the economic impact of the Covid-19 outbreak.
Most of the agencies have slash India’s growth forecast for FY21.

How Do We Stay Safe During COVID-19?

So you’ve decided to take advantage of these high offers, and buy during this time of uncertainty. Here are our tips for staying healthy:

  • Avoid crowded open houses. Hire a real estate agent, who can make you online showings of homes you’d like to view.
  • If you would like to meet with your consultant, consider using video calls or phone calls. This way, you can avoid the risk of meeting in public.

Of course, general health & safety practices also apply. Wash your hands often, and practice social distancing when possible. See the WHO (World health organization) guideline on illness prevention. If you’re experiencing any symptoms of COVID-19, protect your community by delaying buying or selling a home until you are healthy. Your health is always your number one priority. As TopPropMart Consultant we deeply care about the well-being of our community. Stay healthy, stay informed. Let’s keep real estate simple.

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How did India survive and overcome 2008 Recession? | TopPropMart

How did India survive and overcome 2008 Recession?

The sudden change in the international financial markets directed many to except that the reason of economic reform in an increasingly globalized India would suffer a decisive setback. “See, we were right in opposing all this easiness,” one revanchist said, emphasizing that it was India’s intrusive regulatory system that had saved it from a worse consequence. Communist politicians formerly connected with Prime Minister Manmohan Singh even defended that it was their adversary that saved India from deregulating itself into disaster.

There was premature exultation.  In short term, because of the crisis reformers was generally pushed on the defensive. The Indian stock markets knockdown, foreign investors withdraw and trade drop off.

Country recovered very quickly because it is much less dependent on global trade and capital. China relies on external trade for about 75 percent of its GDP versus India which relies only 20 percent; India’s large and prosperous internal market accounts for the rest. Indians never stop producing goods and services for the Indians, and that kept the economy buzzing. Due to domestic investors, most of the money kept at home. Deposit from overseas Indians remained robust, reaching $46.4 billion in 2008–09. And due to this foreign investors returned. At the time of the crisis which is in September 2008, foreign investors had withdrawn $12 billion from our stock markets, but they are now flooding back: foreign direct investment reached $27.3 billion in 2008–09 and makes it at the rate of $1 billion per week in May 2009.

Without any doubt, India’s generally traditional financial system helped. Our banks and financial institutions were not charmed to buy the toxic—and exotic —financial instruments that ruined several Western institutions. But exactly be-cause our system held up so well, there has been no rush to deregulate.

India’s accomplishment is all the more striking when remembering the terrorist attacks on Mumbai in late November 2008. Those terrorists struck at India’s financial nerve center and commercial capital, a city representative of the country’s enthusiastic thrust into the 21st century. They wanted to destroy the image and reputation of India as an emerging economic giant and an increasing magnet for investors and tourists, to make India seem as insecure and vulnerable country, a soft state afflict by enemies who could wound it with impunity. In response India again proved to be resilient and restrained. And the country was rewarded as its GDP growth rate hit 6.7 percent in 2008–09 despite of all the setbacks.

Policies of government have also helped. India turns out two rounds of fiscal stimulus. Its financial authorities have pushed for expanded credit, lower interest rates, and reduced excise duties, all of which have contributed to boosted growth. And there are signs now that the crisis is already bottoming out: industrial production has either expanding or stabilized is, India’s trade is growing up, and financial markets are developing.

Therefore in India the cause of economic liberalization remains safe. To be sure, it is proceeding and led by a confident Prime Minister Singh, who knows that he has steered the ship of state through some particularly treacherous waters. Recently India has concluded free-trade agreements with ASEAN and South Korea, and similar arrangements are being work out with other East Asian countries. With the help of different ways India is trying to integrate with its neighbors.

As for the reactionaries who wished to return India to the era of over-regulation, they’ve been quite. Not because it was isolated but Due to strong capitalist fundamentals India was less affected by the crisis than the rest of the world. India has drag out more people out of poverty in the last 15 years than in the previous 45 years. The country has become prospered, and instead of high population growth, per capita income has in-creased faster than ever before. The financial crisis is being used to safeguard these gains and to build on them.  India will never return to the economics of nationalism, which equated political self-reliance with economic self-sufficiency and so downgrade us to persistent poverty and mediocrity. India is growing with more confidence than ever instead of retreating from the world.

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Covid-19 May worsen woes of residential Real-Estate sector!

Covid-19 May worsen woes of residential Real-Estate Sector!

Due to coronavirus outbreak ICRA (Investment Information and Credit Rating Agency), expects that the net cash flows of residential developers to witness some decline.

In case longed outbreak may result in bust dynamics which would have a deeper impact on project cash flows and execution abilities. Such an impact combined with the continuing credit squeeze and existing inventory overhang in the sector, would likely result in significant credit pressures going forward.

On the other hand, reduced in construction exoduses, attributable to a slowdown in project execution activity, are expected to limit the overall decline in net cash flows, at least in the case of a short-term disturbance.

The three-month moratorium on term loan installments announced by the RBI today also provides comfort on overall developer cash flows during this period.

In case of longer outbreak may significantly impact developers’ project execution abilities and cash flows, giving rise to wider credit negative indications. But some strong diversified developers, having strong balance sheet adequate liquidity are expected to be better-positioned to manage the risks arising out of this event, including reductions in collections and disruptions in project execution.

Impact on Residential Real-estate sector

Demand risks for the housing sector are likely to increase, given the rising apprehensions on overall economic growth and contagion related fears leading to reduced walk-ins and inabilities to carry out site visits, thus resulting in some decline in new sales and the associated collect

Receivable CC (Committed collections) from booked sales may also get smash to some extent, given that mile-stone based payments may get deferred and some buyers may delay payments on account of economic doubts arising from the looming chance of job cuts and pay cuts as the crisis extends.

One-year addition in project execution timelines also provide by RERA guidelines, in case of events beyond promoter control. Thus, regulatory risks are also reduced in the case of a short-term disturbance.

Source-
https://realty.economictimes.indiatimes.com/news/industry/covid-19-may-worsen-woes-of-residential-real-estate-sector-icra/74857232

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