Benefits if you sell or list properties for rent online

Today, in this running world, where time is a hurdle and everything is available, just one click away, selling property is becoming quite popular online. Gone are the days when online mediums were only considered for shopping for clothes or accessories. However, the online medium is becoming very well known and engages consumers in buying, renting and selling properties in India and other parts of the world.

Online property portals are attracting everyone's attention, giving you the highest benefit of selling and buying without any hassle. They offer many options for people to buy and rent property. It is therefore advisable to list properties to sell or rent online. No matter where you live or a place to look for a property, property portals help you browse through the results from across the country and make you aware of your decision.

Here are some benefits that suggest you post your property now for free:

 

Sell ​​and acquire

Fast results and immediate cash are expected when selling property online. Listing the property online can result within a week of registration. The reason for this is that online listings on the Internet cater to a wider audience.

No fear of losing money

If you wish to cancel the property and have not taken the PIN or voucher generated online to the builder for further action, you can claim a full refund. Portals also provide the facility to post your property for free. Thus you can sell your property without spending anything.

Online booking

One can post a property addition online and make a booking from house. With various online payment modes and gateways, today you can sell your property online and receive payments very quickly. And if you are worried about your credentials and details online, do not be. Just make sure, online portals are reliable followed by a secure payment gateway. Those who are considered safe to give your information.

Out of options

An online property portal gives you lots of options to view. Yes, most developers and even their agents and brokers list properties to sell or rent online to ease your worries. You can choose the best option for you.

Specific research forbuyers

All information is available on such portals, from cities to locations, especially for the project with its specification and configuration and pricing details. You can also compare two plans or two localities as per the requirement and then arrive at your purchase decision.

Discounts and offers

In the current scenario, some portals are offering many great deals and offers to buyers, as well as convenience to sellers. From the registry, discounts on the original price of the property, and stamp duty-free, car, and parking free, various offers are available online when booking your property.

Some useful tips forselling property online:

• Make sure you are ready to sell, once you have a contract with an agent or lawyer or a list of properties to sell or rent online, you will usually end up with a fixed-term contract are committed. Otherwise, it may prompt you to pay the defaulter fee. 
• Clarify your demands and the characteristics of the property that any buyer is pre-qualified. There is no need to waste time to show property to someone who cannot afford it.
• Get a fair valuation, and then do not acquire the property.
• Make sure it is ready to show, or be seen. If it is empty land then get rid of weeds or litter. 
• If it is a flat, apartment or business location, make sure it is in good repair. 
• When a house or house is involved, make sure it is clean and tidy.
  

  SUGANTA REALTY SERVICES LLP

Why real estate should be good to investment in this lockdown

Fight continues in the world due to the outbreak of COVID-19. To further maintain the risk from snowballing, the Indian government has indicated to fully affect the lockdown. As a result, nowadays, most of us are working from home. Outside life has come to a grinding halt. No matter how uncomfortable it sounds, it is probably the only way to prevent perennial corona viruses from spreading further.

Although our daily routines have been affected, this does not mean that people should lock themselves inside their homes, stop all their plans and only watch worrying news on TV about this threat. These are some of the best times when one can spend time with family, do various hobbies and introspection. The current situation is an ideal time to think about investing in sources of passive income. Eventually, some of the best opportunities emerge from a crisis.

Zoning on various options can be seen in various options like term plans, stock market and real estate. While every investment option has its pros and cons, as of now, when the stock market is recessionary and the banking sector is in a tailspin, real estate can be a great asset to place bets on. If anyone wants to do it risk-free yet, makes a commendable return, with many residential and commercial real estate options available.

Full of attractive offers: Recognizing this opportunity, developers are coming up with many attractive offers. Property prices have already corrected in the last few quarters. After COVID, many developers are offering further discounts and attractive offers to maintain their financial books. There are projects where one now needs to pay 5% to book a property. The remaining payments will start after 60 days. By that time, it is expected that the crisis will mostly end.

However, such plans are a fleeting event that developers are launching to boost sentiment. Prices have already come down and once the situation returns to normal, such attractive schemes will also be lost. Therefore, this may be the best time to buy real estate. It should not be surprising if one gets ready-to-use assets for a price equal to a new launch.

Higher yields: Real estate can offer risk-thrilling competitive returns. Although residential real estate has been stable in recent years, commercial real estate has been issuing attractive returns. A commercial property in a prime location can easily give an average annual appreciation of around 7-10%. At a time when share prices and financial markets are volatile, such a comeback can be a game-changer.

Concurrent Rental Income: Real estate can provide continuous income in the form of monthly rent. The rental component always makes real estate a very unique proposition for investing. A quality commercial property can provide returns of around 5-8%. Similarly, residential projects can give returns of around 2-3%. Therefore, this is the right time to capitalize on those possibilities.

Increased liquidity: This is a good time to invest in real estate because home loan is going to be cheaper. RBI has recently cut the repo rate by 75 basis points. The rate drop is a welcome move for the industry. In a short period of time, as a calibrated response to the reduction in repo rates, most banks will also reduce their home loan rates.

Feasible Hard Asset: The biggest advantage of real estate is that it is a tangible asset. At a time when there is too much risk investing in paper money, real estate is a safer and safer asset for betting.

Real estate is a separate asset class that can ensure appreciable ROI, hedge against income and provide recurring income in the form of rental yields. However, it has its drawbacks, as a real estate asset will take at least 2-3 months. Nevertheless, investment in real estate is always made keeping in mind the medium to long term perspective. A short-term perspective can be counter intuitive.

So in these times of social distinction, do not just shut yourself down. Use isolation downtime, do some in-depth research, learn about the various sources of passive income and make the most of this time to make meaningful investments.

STAY HOME, STAY SAFE, STAY ALIVE

SUGANTA REALTY SERVICES LLP

Impact on Indian Housing Market due to COVID-19

Corona virus proliferation has further delayed a recovery that may be due to measures launched to revive various government demands, however, it does not appear that prices will fall immediately. Niranjan Hiranandani, national president, NAREDCO, says that "reviving Indian realty is the second largest employment generator, not only from the point of view of GDP growth, but also for job creation as the multiplier effect of more than 250 affiliated industries in the region is.

Recently, the Center announced more tax breaks and lower interest rates on home loans to make purchases more attractive, besides setting up Rs 25,000 crore stress fund for speculation.

He called for a slowdown in the residential segment, which has already stalled housing sales, project launches and price increases in India's residential realty sector, which is under pressure due to mega regulatory changes due to Real Estate Regulatory Authority (RERA), Goods and Services Tax (GST), Demonetization and Benami Property Law.

According to rating agency ICRA, the epidemic, if not soon included, will not only significantly affect the economy, but will adversely affect the cash flow and project delivery capabilities of developers.

"Although in the case of a prolonged outbreak, the impact on overall economic activity is likely to be deeper and more sustained, resulting in a more significant impact on developer cash flow and project execution capabilities, leading to a wider credit negative impact." ICRA said in a recent note that the three-month deferment announced by the RBI on loan on March 28 would provide some comfort to the builders.

“The injected liquidity of Rs 3.74 lakh crore (by RBI) with a three-month moratorium on all loans by financial institutions will ease short-term liquidity concerns and help developers as well as homebuyers. It is a great relief for developers and buyers to help ease the challenges they currently face,” says Ramesh Nair, CEO and Country Head of JLL India.

Anticipating the delay in completion of the project and supporting the builder community, the Real Estate Regulatory Authority in Maharashtra has announced a 3-month extension in the completion deadline of the project.

Recall here that real estate developers in Mumbai, the state capital and India's financial nerve center, have the largest selling stock in the top nine markets.

“Due to the 21-day lockdown outbreak of COVID-19, both manufacturing and sales activity has come to a complete halt in the entire real estate sector. At many sites, construction workers have also moved back to their hometowns. Even after the lockdown, the activity will only recommend slowly, which will cause project delays anywhere between at least 4 to 6 months,” said Sharad Mittal, CEO and head, Motilal Oswal Real Estate Funds. Welcoming the announcement of Maharera, Mittal said that although it cannot fully compensate the sector with actual project delays that are likely to be direct, 'it is certainly a decision in the right direction, to support real estate developers and the region. Overall in this global crisis.

STAY HOME, STAY SAFE, STAY ALIVE

Corona virus outbreak 2020 - affects real estate growth in India?

Today, at the endemic of this severe corona virus, experts are busy calculating abnormal human loss worldwide. People are suffering or out of home due to the outbreak of this virus. In the meantime, the effect of the unexpected opposition to this deadly virus spreading on the global economy has been agreed.

Considering COVID - 19, the estimated loss to GDP in the world so far has been assumed to be 0.2 percent. For the grace of God, the effect is by no means limited in India. But in this scenario, it is clear that the Indian economy, which has already seen a 4.5% lower growth in the July - September quarter, will probably not remain uninhabitable due to the worldwide economic slowdown. And, the realty industry of the Indian residential market is telling a different story altogether.

COVID - 19 affects the property market in India

If the data collected from SuGanta.com is analyzed together, it is clearly visible the fall of 9 important residential markets of India by 30 percent during the time span of October to December last year. It is deteriorating for the fifth consecutive time of Q3 financial year 2019.

The trend is also the same for the launch of new projects. Since the third quarter of the last financial year, the task of starting new projects has been facing a continuous decline in the mega markets. This caused an annual decline of 44% in the October to December time period.

Despite all the government-issued schemes, including the lowest interest rate on home loans and the maximum tax exemption on purchasing any residential property in India for the first time in the history of real estate, all efforts failed to revive property demands among homebuyers are in India. He still chose to remain unaffected by all the tricks played by the stakeholders to force him to go out of his fence. For example, the government took an action to limit GST to 1% for affordable flats, which also went into the vein.

Usually, the craze of buying and selling property in India increases during the festivals of October to December, which did not happen even in 2019. And now in early 2020, there has been an outbreak of the corona virus. And, it has also probably brought the worst times in the residential property market in India. 1705732 Corona positive cases reported globally as of April 10, 2020. And, it is only growing and causing more fear around the world.

The rate of property visits has fallen surprisingly

Well, impressed by the government's plans, given how interested some consumers were in searching for property on the Internet, the Corona virus outbreak just seized them again from doing any such thing. To date, on April 10, 2020, India has reported 7600 corona positive cases. The activation of social media and news channels has succeeded in making people truly aware of COVID - 19 and everyone tries 'Stay Home Stay Safe'. People are really creating social distance by listening to the words of PM Modi. Currently, India is on a 21-day long social lockout to stop the spread of pollution. So, in such a scenario, nobody is dreaming for a site coming to buy a property in India.

Plans for project delays !!

Indian real estate is largely dependent on China, which is the source for COVID - 19 outbreaks. India needs support in matters of sourcing home furnishing essentials, construction materials, plastic to steel to electronic materials and construction equipment from China. Now, India needs to look for alternative sources as China is busy controlling the epidemic of viruses. It will shoot project delays to make sure.

Chennai: Can residential projects sold through lease deed come under the Real Estate Act?

The Tamil Nadu Real EstateRegulatory Authority (TNRERA) has entertained an application on a leased property, ordering the developer to pay back the homebuyer as the project reminds of a non-starter.

                           

The case concerns a project called 'UTSAV' contracted by New Chennai Township Private Limited at Vellore in Cheyyur Taluk of Kanchipuram district. In a recent order, G Saravanan, an assistant officer of TNRERA said, R Thenmozhi and S Sriram booked a flat and paid it in advance in February 2011. The developer had created a lease deed in support of the complainants to grant the lease for the flat. A period of 99 years which was to be made by the former.

While the total lease fee was Rs 16.69 lakh, the home buyers paid Rs 12.82 lakh. The possession of the flat was determined within 3 months from the date of receipt of the entire lease amount, as per the deed recorded in 2012 after one year. Although the flat's lease value was 80% of the total fee paid, the order stated that the developer neither started construction nor handed over possession of the apartment so far.

The complainants issued a notice for cancellation of the lease deed in 2016 and asked for refund of the entire amount including interest. However, the developer failed to repay the amount. The complainants have taken bank loans to make their payments, which have been allowed to provide relief.

As per the order, the complainants are entitled to refund Rs 12.82 lakh with interest at the rate of 10.15% for the amount paid by the developer from the date of payment till repayment. Rs. 1 lakh has been fixed as compensation for the mental anguish and inconvenience caused to the complainants by the developer". For registration and litigation expenses, Rs 16,790 and Rs 20,000 have been given respectively.

TNRERA ordered the developer to refund the amount, interest, compensation and costs within 60 days.

Real estate market in Gurgaon

2018 did not live by the expectations, for the real estate industry, and the market was on a slowdown from the starting of the year due to the execution of game changing policies by the government.

2020 Gurgaon is shining better than expectations, with multiple factors enhancing Gurgaon real estate development on several fronts. 

The real estate trends expected for Gurgaon in 2020:-

Economy: India’s economic growth is balanced to create more job opportunities and Gurgaon is a hub of every major business. This will lead to the establishment of jobs and more people moving to the city will lead to housing demand. There will be both, the end-users buying homes as well as the investors buying properties to generate rental income from.

GST: GST is now working absolutely smoothly and there are talks of bringing the entire real estate segment under it. The execution and reformation of GST are not just advantageous for the businesses, but also for the buyers.

Affordable Housing: he government’s initiative towards affordable housing has started creating results and more and more developers have started building projects to provide to the residents.

New launches:  Things are finally heading in the right direction and various developers are launching many new projects.  This includes both in the luxury segment as well as in the affordable.Investors are believed to be back in the market to create submissive income through rentals as there is a lot of workforces in the city, who needs housing, but does not want or cannot afford to buy one.

RERA act (Real Estate Regulatory Authority): It was introduced in 2016 to protect the interests of the home buyers. The main objective of RERA is to provide relief to buyers from malicious builders. In which the area of land proposed to be developed does not exceeds 500 sq meters or the number of apartments proposed to be developed does not exceed 8.

Infrastructure: Gurgaon is now well connected with surrounding area like Delhi, Faridabad and Sohna and major roads like NH-8, Dwarka Expressway, Southern Peripheral Road, Golf Course Extension Road, shall provide an improvement to connectivity.

There is also lots of growth expansion happening in terms of civil infrastructure as well as private one in terms of schools, hospitals, commercial space etc. It surely looks like Gurgaon offers excellent returns on investment for investors and an attractive lifestyle for end-users. For those planning to invest in 2020, Gurgaon is definitely a sure shot destination to grow your  

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Jaipur civic body to levy tax on business units of less than 100 square yards

The Jaipur Municipal Corporation (JMC) is plotting to levy a tax on all commercial properties in the city, irrespective of their dimensions. The proposal related to this also includes structures of less than 100 square yards.
 

In a modern prediction, the Jaipur Municipal Corporation (JMC) is considering the objective of taxing all commercial properties, irrespective of their dimensions. The authority has earlier made a proposal in this regard to the state, which has petitioned the tax department to include commercial structures of less than 100 square yards. If allowed, the proposal would include homes that are practicing the assumptions of paying for the idea of ​​guests, hostels, and even a guest house.

According to JMC Deputy Commissioner Revenue, Bhardwaj, the formation of the assets already described will eventually adjust to improve the administration's resources.

Furthermore, contrary to the current situation, the marketing of items of worship would also be included on the basis of the scope of taxation, except for commercial properties built on the collection of pilgrims.

The choice is seen as an affirmative action, notably the separation of the municipal corporation into two divisions which is Greater Jaipur and Jaipur Heritage Municipal Corporation. To evaluate, the bulk of most commercial properties in Jaipur are less than 100 square yards. Therefore, tax acquisition is a challenging plan for the authority.

SuGanta Realty Services llp voted India's most popular real estate portal, offers innovative and user friendly property advertising services. everyone advertising their properties for BUY/SELL/ RENT can post a comprehensive description of their properties, including videos, photographs, layout plans, and the exact location on the map. Whether you are looking to BUY/SELL/RENT your property, you can avail property SuGanta.com services free of cost.
 

Chandigarh Housing Board: Application, allocation process and fee for 492 flats in Sec-53

The Chandigarh Housing Board (CHB) is serving housing scheme by government at affordable housing to the homeless living in the union territory.

It constructs and develops houses / flats on allotted land at reserved prices. The Board was established in 1976 by extending the Haryana Housing Board Act, 1971. The units of the board receive applications from the general public through housing schemes. After the analysis of applications, a lot of draws are conducted for registration of allottees and allotment of floors. House numbers are given through another draw. To date, the Chandigarh Housing Board has created more than 44,000 small units, 11,700 flats for the middle income group and 5,933 units for the upper income group.

CHB Pradhan MantriAwas Yojana- is also effective for building houses for all.

After 2 long years, the Chandigarh Housing Board (CHB) has come up with a new housing scheme and has started the application process for the same. As per reports, around 500 houses will be for sale in Sector-53, Chandigarh in various categories. These include 192 pieces for HIG flats, 100 pieces. For MIG flats, 120Nos. For LIG flats and 80Nos. For EWS Flats. These apartments will come on 8.98 acres of land.

The complex will also have parking facilities for over 900 cars in the basement / stilt. The drawings for the plans have been approved by the Planning Approval Committee (Upper) Chandigarh. Environmental clearance has also been approved on 11.07.2018. The board paid Rs. Has given official approval to. 228.49 crore for the construction of the project.

According to the senior official of the board, “ After receiving the application, CHB will assess the response of the flats. After such a long period of time, evaluation is important to bring this high-end scheme to the city  ”.Applications for this scheme are expected to be invited from 15 November 2019. The Chandigarh Housing Board has already got the necessary approval from the concerned authority for the construction of these apartments.

The last housing scheme launched by CHB was in April 2016. Under that plan, the Housing Board placed 200, 2BHK apartments for sale in Sector-51. According to the CHB, it was oversubscribed, and a tender for construction was awarded in December 2017. This plan is currently under construction.

Maloya-1, Dhanas, and Mauli Jagran - Small Flat Scheme 2006 Results Declared

The results of drawing the number of Maloya-1, Dhanas, and Mauli Jagran - Small Flat Scheme 2006 held on 23-10-2019 in CHB Complex Sector-9D Chandigarh under various categories can be seen.

Result of Small Flat Scheme 2006

Recent updates on CHB:

Chandigarh Housing Board has canceled small flats due to non-payment of monthly rent.

The Chandigarh Housing Board issued notices to around 5500 allottees during the month of July 2019, but most of them did not clarify their pending indications. In around 275 cases, the CHB had issued three notices for cancellation, but only 48 of these allottees cleared their dues. Details of the remaining 227 small flats where repeated show cause notices were uploaded on the CHB website stating clearly that if they fail to pay their dues, their allotment can be canceled and thereafter They will be evicted from small flats following. Due process Subsequently, it was decided to give him an opportunity for a personal hearing. However, despite all these efforts, most of the allottees have not yet cleared their pending dues.

In view of the above, the Chandigarh Housing Board has no option but to cancel the allotment of small flats which have failed to pay their dues despite repeated opportunities. In August 2019, the Chandigarh Housing Board gave a deadline to 227 small flat allottees to vacate their pending dues on 31 August 2019.

In about 275 cases, the CHB has issued notices for cancellation. Out of these 275 flats, 227 small flat allottees were issued show cause notices and these flats can be canceled at any time. These small flats are located at Dhanas, Ramdarbar, Mauli Jagran, Sector 38 (West), Sector 49, Sector-56 and Industrial Area, Phase-1.

The board had noticed to more than 6000 allottees but the only some of them have cleared their pending dues. In 9th September 2019, the Chandigarh Housing Board introduces the online system to apply for need-based changes and penalty scheme. In September 2019, the Chandigarh Housing Board stops the transfer of flats served with violation notices.

To protect innocent buyers, the board recently decided to give both sellers and buyers the option of filing a joint application for a flat inspection for a certificate that says the unit was free of building violations at the time is. The committee constituted by CHB, after dealing with the need-based changes, found that 90% of CHB's residential units had some other structural violations. Changes include additional rooms and toilets, conversion of balconies into rooms and courtyards, and the construction of stairs on government land.

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