The much-awaited auspicious time of the year is here when people look forward to spending money on several items, especially gold and homes. To fuel their aspirations, there’s no scarcity of lucrative deals. In real estate market, mounting unsold inventory across cities over the last few years has prompted developers to clear their stock and focus more on project completion rather than new launches. But should you buy a home now just because the developer is offering discounts or deals that seem ..
Since festive season is preferred by most people to buy homes, builders have raining offers such as GST waiver and no EMI till possession. “Festive season usually brings a host of offers for the buyers every year.
For instance, GST waiver is being offered as a discount by many developers. The deal could be beneficial but only if it is legitimate.
Cash discounts versus freebies
During festive season, developers offer freebies such as iPhones, cars, foreign holidays, home furnishing and free club membership.
Should you buy?
Buying a home needs a lot of planning. You need to consider a lot of factors such as location, type of property, price and finance scheme. So, if after due deliberation, you’ve made up your mind to buy a house, this may be a good time.
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Internet of Things (IoT) and Artificial Intelligence (AI) are no longer buzzwords even for real estate developers as they increasingly deploy these as well as home automation to lure home buyers.. buyers.
Balewadi, adjacent to Baner Road, where prices have peaked, is also benefiting owing to the IT-led development in the periphery. The area is particularly attractive to people working in the nearby IT hub of Hinjewadi and looking for a residential accommodation near the workplace.
The locality is a growing choice for home buyers mainly due to its close proximity to the Mumbai–Pune Expressway. Also, the Katraj- Dehu Road corridor passes through Balewadi. The area is also connected to the Mumbai-Bangalore Highway. It has good accessibility through road network to other locations of Pune. Balewadi is approximately 4 km from the IT Park Hubs and 1 km from Baner.
The prevailing property rates of Balewadi are in the range of Rs 5100 – 6500 per sq ft, whereas the neighbouring localities, such as Baner, offer properties over Rs 7500 – 9000 per sq ft. So, Balewadi becomes the nearest and affordable choice for those looking for residential space in Baner.
As Balewadi is located close to Baner and Aundh, the necessary social infrastructure is available in the area. Numerous banks, schools & colleges, restaurants, hyper markets, retail stores & multi speciality hospitals all in the distance range of 1 to 3 kms have emerged.
We at Property Point are offering you a platform where you and few chosen ones can brain storm your growth plans, execute team building or find resolution to any issues in natural surroundings.
Here you only hear the birds chirping, waterfalls or the sound of the winds in the trees. Virtually no human disturbance.
You are at liberty to display your culinary talent or have a chef at your disposal to serve you traditional village food.
You have an option of staying overnight if you do not conclude your mission during the day. We offer two bedrooms and two tents.
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The rise in FDI equity inflows is solely because of the RERA regime and other regulatory changes.
The return of FDI equity is a big positive which will help to improve developers’ leverage ratios – it is also a resounding vote of confidence in the sector.
The rise in FDI in real estate is an indicator of a positive future & is a critical component of the economy. It’s the country’s second-largest employer and presently contributes 8-9% to the country’s GDP.
Courtesy – Latika Bhargava
Since December 2007, the BSE Realty index is down nearly 90 per cent till January 25, 2017. However, it is up around 5 per cent on a year-to-date basis.
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E-commerce companies have become the second largest consumers of warehouses last year after third party logistics, said a new study.
The report by US based property consultancy CBRE also states that 2 million sq. ft. of warehousing space was taken up by e-commerce firms in 2015.
“This is a significant jump as the share of the sector rose from a meager 2 per cent of the total warehousing demand in 2012, to around 22 per cent during 2015. On the same lines, office space demand from e-commerce firms witnessed a 170 per cent year-on-year growth-from 0.7 million sq. ft. in 2014 to 2 million sq. ft. in 2015,” CBRE said.
Anshuman Magazine, chairman and managing director of CBRE, South Asia said: “Investors have begun to show more interest as the growth story of the sector continues. The sector saw significant activity during 2015, mainly driven by existing e-commerce companies looking to ramp up operations, while new players entered the market. Along with e-tailing groups(companies or organizations), substantial funding also flowed into the e-commerce logistics segment, which registered investments of close to US$ 262 million during 2015.”
Courtesy – Business Standard