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Launch of residential projects in the top 8 cities jump over 68% in H1

In the first six months of the year 2018, there were various launches made in India for residential projects. Immense confidence was shown by investors everywhere. When it comes to the launching of new properties in 8 urban areas in India, a bounce of over 68% was depicted in the real estate industry. A tremendous growth of 106% was also witnessed in the same period. Now investors are searching for progressive ventures for investment. The property buying portals can be of great help in this case. There has been a decline in inventory level despite the growth in industry. On a positive note, the reactions of people wanting to invest in residential is great. When we look at the statistics of the year 2017, it shows that approximately 11% growth was spectated in the top 8 cities in India. To elevate the condition pf real estate industry, various schemes have been launched by the
Government since the year 2016. Like Prime Minister Awas Yojana , GST and RERA guidelines. These steps have led to more clearness in the industry, although initially these steps were not taken well. There are great opportunities available for investors who prefer residential properties. A study done by experts revealed that the sales figure has been expanding reliably in the last four quarters. This resulted in developers launching properties in the urban cities.

Among the urban areas, the most elevated number of launches has been done in Mumbai Metropolitan Region(27798 units) and then in Bengaluru(18193 units) . An intriguing statistic revealed that sales have risen by 70% in present when compared to the previous years. With the help of housing schemes, even the low income groups have invested in properties, which in itself is a positive sign. The investors are
instilled with confidence because of the rising sales figure. Commercial property does not lag behind
either, because a high demand has been seen in this sector too. Domestic and international companies both have been showing interest in this. Looking at the statistics of first half of 2018, sale of 60% has been seen in below 50 lakh segment, only talking about the sales of residential property. If someone is keen on purchasing property in India, the real estate websites gives a good brief on upcoming projects. Chances are that property rates will ascend all over the country in the coming months, so this is the ideal time for investors to make a good and ideal investment.

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TECHNOLOGY PLAYING A SUBSTANTIAL ROLE IN REAL ESTATE

Technological advancement is happening in every industry, real estate is no far behind. Various innovative technologies have been introduced in this industry to ease the way it works. This technology includes 360 degree videos, pricing models, agreements made online which will have a great impact in 2019. The e-signed documents, mobile apps have smoothed the process of selling and buying properties.

The Automated Valuation Models has enabled users to gauge the expense of buying property. The block chain enabled transactions could be a relevant thing in the upcoming years. Many builders of residential and commercial properties have embraced the technological changes in various stages of the construction process.

3-D virtual tour of the site is also done to attract customers. This gives the customers a real time experience of living. The RERA(Real Estate Regulation and Development Act) has come up, which makes it mandatory for the projects to be registered with them and all information of the project to be uploaded on website. The buyers can have access to any information pertaining to the property online from various sources.

The concept of intelligent homes has come up with internet of things amenities, home automation, control lighting, automation, bio-metric security locks, security system integrated with mobiles. With the progression in technology at each phase of buying property, there is an ease and a smooth flow of process and it’s a pattern that is set to fortify in the years to come.

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A SHIFT IN REAL ESTATE EXPECTED IN 2019 – TOPROPMART

The developers are likely to use the existing inventory rather than launch new projects as they tussle with RERA Act and GST. Due to the NBFC crisis, there will be a liquidity problem to continue. But there are some new trend to be expected in this year. The affordable housing segment is expected to grow both from supply and demand side due to Government incentives for both developers and buyers. The Government has expanded the benefits of a subsidy scheme on home loans under the Pradhan Mantri Awas Yojana till March 2020. A subsidy of upto Rs 2.67 lakhs can be availed on home loans by buyers. This year will turn out be another push towards the development of housing segment.

Co-living is the concept which has been emerging due to people preferring to stay with someone, especially students and professionals. Co-living area includes private rooms with a shared kitchen and a living area. But this option is majorly available in metro cities like Mumbai, Bengaluru, Pune, Delhi. This concept has however expanded to tier II cities like Jaipur and Lucknow. There are many startups operating in this space like Oyo living, Ziffy homes, StayAbode, SimplyGuest, RentMyStay, Zolo and many more. According to some experts, Real Estate Investment Trust will be launched in this year. The Government removed many hurdles after it was first launched in 2008. Government is thinking to bring some modifications for the ease of investors in the REIT policy.

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TAX ADVANTAGE OF COMMERCIAL PROPERTY LOANS

Income from house property is an income from residential and commercial property both. Annual Value is the rent received from the property, but there are certain deductions here. There are two deductions allowed according to the Income Tax Act- standard deductions and deduction of interest. Standard deduction is allowed at the rate of 30% of annual value for any repairs, insurance, water supply etc. Deduction of interest is for purchase, construction, renovation of commercial or residential property available on interest paid on loan. There is no standard limit on deduction of interest for a commercial property loan.

To calculate taxable income from house property, the Gross annual value is deducted from municipal taxes. Then standard deduction and deduction of interest is made. The assessee gross annual income is added to the taxable income from house property and is taxed according to the income tax slab. If the taxable income from house property is negative then the loss is set off against other income. If this cannot be done and the loss is more than Rs 2 Lakh then the left over loss is moved forward to the following years, also it is then set off against other income for the following 8 years.

But there are various conditions to be kept in mind. The money borrowed from relatives or friends is considered for deduction of interest. There is no restriction on the amount of interest on loan for the commercial property which is either let out or used for business. Loan taken for repairs, construction is allowed no deduction for interest before its completed.

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Compact Homes: A Growing Trend in Indian Real Estate

The pattern of compact homes is picking up energy in he real estate sector, the main reason being an increase in nuclear families. Particularly in the metro cities where majority of the population is working, these homes play a vital role as they are affordable in range. The space in a compact home comprises of a hall, kitchen, bedroom, study area, washrooms and a balcony. The area ranges from 500 square feet to 800 square feet, which is a sufficient space for a nuclear family. According to a survey by real estate expert, the metro cities like Mumbai, Delhi, Kolkata, Bengaluru and Chennai have little land and the prices are less too because of which the pattern of compact homes have gained immense popularity. It has also been observed that selling expensive and luxury apartments is really troublesome for developers and that’s why they prefer compact homes.
There has been an increase in preference of nuclear families by the millennials, also a growing demand for compact homes as it does not require much investment. Other advantage of these homes is that it is constructed elegantly keeping in mind the space and using it perfectly. The latest technology and latest trends in interiors is also kept in mind. The compact homes are most practical to deal with as it involves low maintenance cost which is of utmost importance to the working generation. Thus, minimum spending on furniture, electricity and other interiors. This gives the opportunity to decorate the home as one likes, customizing it according to their taste as one has dreamt of. Another advantage of these homes is that it has a great resale value. The return on investment for compact homes is far better than big luxurious apartments. Also they are sold off easily as their demand is great in urban cities. So it comes to no surprise why these small spaces are gaining widespread popularity among the millennials.

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RESIDENTIAL APARTMENTS/FLATS IN LUCKNOW – TopPropMart

There are various localities in Lucknow where residential market is growing and has a huge demand. Multi-storey apartments are available in areas like Shaheed path, Faizabad road, Gomti nagar, Mahanagar, Kanpur road, Jopling road, Vibhuti khand, Sushant golf city. MI Rustle Court is one such residential apartments in lucknow with the price of Rs 74.9 lakhs, area being 1452 sq ft and 2 bhk apartments. Residential flats are coming keeping in mind the requirements of investors and providing the best amenities to them. New age technologies along with all comforts are kept in mind to give the best experience to investors for residential flats in Lucknow.
The price ranges between 2 lakhs to 2 crores.In Lucknow, the locations of residential apartments lies in Gomti nagar extension, Faizabad road, Dewa road, Vrindavan Yojana. The number has always increased because of many residential properties coming in Lucknow. The city has developed when it comes to real estate industry, so the people who buy residential properties in Lucknow have got high returns on their investment. The areas of these residential apartments are Faizabad, new jail road, sitapur road, jankipuram, niralanagar. One should have a budget in the range of 22 lakhs to 2 crores. One expects all modern amenities and spacious property along with decent locality for residential apartments. Residential plots are available in areas jail road, Deva road, Gomti nagar extension, Jankipuram, Mohanlalganj, Kursi road, Indira nagar, Ansal API Golf city. The prices range from Rs.3000 per square yard to Rs.60,000 per square yard. An investor can get a good ROI when buying residential property in Lucknow as the industry is seeing ample growth in the city with many new projects coming up. To know the best residential property deals visit TopPropMart

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HOW TO INVEST IN REAL ESTATE WITHOUT BUYING PROPERTIES

The trend in real estate has evolved with time. To fetch high returns on investment people are investing in commercial properties. Earlier people used to invest only in residential spaces but now it has changed. To get assured rental income people are not investing in just one commercial project but in several small budget projects. Virtual space is the talk of town now. Virtual space investment means the space being registered in investor’s name but he does not have its physical ownership. The biggest benefit here is that the investor does not have to think about maintenance of the owned space. After completion of its construction, the owner starts getting its rent. Virtual space is actually an office space which is rented out to different buyers. At any point of time the investor is free to sell the property. It offers varied use of commercial development like restaurants,food courts, offices, rentals, spa. There is a better growth of return in such investment.

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REAL ESTATE COMPANY IN LUCKNOW

Real Estate Company in Lucknow

The real estate in Lucknow has shown an enormous growth in real estate sector. In terms of infrastructure and metro the city is developing. Lucknow real estate market has become attraction for NRIs as well as it offers a sizeable ROI. Lucknow real estate has made a mark in localities like Hazrartganj, Butler colony, Charbagh, Hasanganj.

Lucknow real estate is budding with projects developing in areas like Jankipuram Extension, Gomti nagar extension, Mahanagar, niralanagar. Amausi, Sushant Golf city have maximum properties for sale. The real estate properties in Lucknow have shown a rental yield of 3.98 percent according to a market research done by makaan.com. The villa projects or independent houses comes in a budget range of Rs52-60 lakhs. There are approximate 2800 projects in this category. Market researchers are of the view that key areas could get one a sizeable rate of profitability or ROI on account of the city’s development.

Lucknow is one of the fastest growing cities in India. There are many real estate companies in Lucknow coming up and some are well established in the city. DLF is one amongst many who have placed themselves really well in terms of commercial and residential projects both. Shri Balaji Constructions Company is one such real estate company in Lucknow which was started 10 years back and serves large and medium category of projects. They are best known for commercial office spaces, villas and plots.In Lucknow, Eldeco is also one of the forerunner real estate companies which marks its presence in many other cities of North India. It has successfully delivered around 175 projects spanning across malls, townships, office complexes. It is one of the most trusted real estate companies in Lucknow gaining the trust of many investors.  Rudra Real Estate Pvt Ltd is one of the developing real estate companies which has fused traditional and modern techniques in their business.

Lucknow is blooming with real estate companies and has become a great attraction for investors.

In Lucknow, Real estate consultants have shown a tremendous growth with real estate companies understanding the concept of consulting the investors. GN Real Estate & Infra Housing Pvt Ltd is one such company who understands the requirements of investors and customize according to their requirements. Saurabh Land Square Private Limited is another real estate consultant in Lucknow who thinks of real estate more than just buying or selling a property.

TopPropMart has been growing as investors look for guidance before investing money. The consultants give honest advice to investors before buying a property. Real estate property dealers has picked up a great pace as investors considers it a wise decision to consult them before investing. They help in making a good financial decision towards buying a dream property. Trust is very important when buying a residential properties in lucknow. Real estate consultants have been successful in consulting clients to make a good purchase. For best residential property deals, visit Toppropmart

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UPCOMING COMMERCIAL PROJECTS IN LUCKNOW

The main locations of upcoming commercial projects are rajajipuram, gomti nagar, Sushant golf city, gomti nagar extension.

Rohtas Summit is one of the commercial project of Rohtas in Lucknow It has office spaces in Vibhuti khand, in the range of 93.6 lakhs to 4.14 crores. The project is equipped with security service and other modern amenities. Ansal API Shopping Square is located in Sushant Golf City. It is a ready to move property having 50 units in total 5 floors. Levana Cyber Heights, a commercial project of Levana Group is in Vibhuti khand area, with 90 units in total 9 floors. It is ready to move with resale price of Rs 1.45 crores.Omaxe has its commercial project coming which offers commercial space, serviced apartments and commercial shops. It is under construction and the possession year being 2022. Shalimar Corp is coming with Shalimar Iridium in Vibhuti Khand, the launch year being 2020. One Place The Fateh is a commercial project of One Place Group. It offers commercial shops, office space, having 239 units. These are the projects to look out for.

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UPCOMING RESIDENTIAL PROJECTS IN LUCKNOW

The city of nawabs, Lucknow has been progressing when it comes to residential projects.

The introduction of Metro in Lucknow has taken Lucknow to a next level when it comes to Real Estate.

The main areas include Shaheed path, Gomti nagar, Faizabad Road, to name a few are being developed to the next level.

Big Real Estate Brands like Omaxe, Rishita, DLF, Ansal, Emaar, Shalimar, Experion are coming up with many new projects both Commercial & Residential. It comprises of 2BHK, 3BHK & 4BHK apartments. The location of these properties are attractive enough to lure the Investors.

These developers have their existing projects still for sale, still they are coming up with new projects because there is a good scope for Investment in Lucknow. People are moving in from the Eastern Belt of U.P.

 

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