How to Increasing demand for commercial property in India...?

The real estate sector has been a major contributor to the growth of the entire economy and is expected to contribute in approximately 13% of the country's GDP over the next 5 years. If we talk about improving the business environment, then the commercial real estate sector can be considered a major beneficiary. The sector has been promoted with government initiatives such as RERA and GST, which allowed large institutional investors to make large investments in commercial property in India, thereby improving the overall business conditions of the country.

The continued expansion of the service sector has led to the increasing demand for office spaces and thus can be considered as one of the major growth factors of the commercial real estate segment. It is estimated that the average demand for office space across India will increase to 46 million square feet by 2021.

Policy reforms such as REITs (Real Estate Investment Trusts) will further promote the development of the commercial real estate sector by reducing the burden of capital costs of projects financed on real estate developers.

Increasing FDI in the e-commerce markets has fueled the growth of the warehousing and logistics sector and further increased the demand for commercial space benefiting the commercial property sector in India.

The retail space is also expected to witness strong growth in the coming years and is expected to grow at a rate of 25% to 30% in the next financial year. Finance Minister Sitharaman's Budget 2020 has also brought some good news for the commercial real estate sector. Establishment of new smart cities, development of around 100 new airports across the country, formulation of national logistics policy, announcement of National Infrastructure Pipeline will likely increase the demand for commercial real estate sector especially office segment.

Is it wise to invest in the Indian real estate market in 2020-2021?

Finance Minister, Nirmala Sitharaman presented the Union Budget 2020-21 on 1 February. Highlights of the budget for the real estate sector are as follows:

Deductions on affordable housing were allowed on housing loans sanctioned on or before March 31, 2020. In order to ensure that more people take advantage of this benefit and to pursue affordable housing, the date of loan approval has been proposed to be extended by 1 year. To boost the supply of affordable homes in the country, a tax holiday is being provided on the profits earned by the developers of the affordable housing project till 31 March 2020.

Currently in real estate transactions, when taxing income from capital gains, business profits, and other sources, if the consideration value is less than the 5% circle rate, the difference is counted as income for both the buyer and seller. To reduce the difficulty in real estate transactions and provide relief to the sector, it has been proposed that the limit be increased from 5% to 10%.

An investment of Rs 100 crore will be made on infrastructure in the next 5 years in various sectors like housing, infrastructure, energy, healthcare, educational institutions, transport, logistics and warehousing, irrigation projects etc.

The year 2019 was a period of many highs and lows for the Indian real estate market. The ongoing crisis resulted in a decrease in liquidity and a slower pace of sales improvement. However, on the positive end, the successful launch of India's first real estate investment trust (REIT) opened up new avenues for investment, while several positive government initiatives provided much needed relief to the sector. 

According to research, the housing sale price of India's top 9 listed players reached in the 2nd and 3rd quarters of 2019, an increase of 5%. 2019 saw a 4–5% annual increase in housing sales with over 2.58 lakh homes sold during the year. The new housing launches in 2019 saw 18-20% annual growth and developers are expecting sustained efforts of the central government such as additional cuts on loan interest, GST rate cuts, alternative investment funds for stalled projects and credit guarantee scheme changes in the sector will be strengthened.

Real Estate Investment Tips You Can Use

If you are looking for more information about real estate investing, then you have come to the right article. Many people choose to invest in properties to ensure a solid income for the coming years. What it takes to be a supporter is only to make wise business decisions that produce great results. Keep reading for some practical tips!

Talk with a real estate expert to help with your planning and see if there are holes in your strategy. This will help you get a good idea of ​​where you stand and what you need to do to accomplish your goals. They can tweak the plan and give you an alternative plan instead.

If you ever feel a setback with your plan and strategy, never give up. The real estate market is full of many great and bad times, so if you make a null in your search, be sure to stay strong. Persistence is the key to success when working with real estate.

Do not automatically assume that the value of an asset is going to increase. Such belief is dangerous even if markets or parcels are not involved. Invest in assets you know you can trust.

The prospective tenant should be able to afford both rent as well as deposit for the first month. If they cannot, then they are not a reliable bet for you. Find another tenant.

Do not think that you always have to pay the list price for a piece of property. Too much time will make an owner exceed the price, as they expect people to interact and negotiate with them. They should not be afraid to make a low offer because they can just give you that money.

Do not dig around the property that you have not closed. It may also be illegal to dig in some areas, so do your homework first.

Find a market for foreclosures, as these can provide you with the most income during your investment. These properties will be listed below the market value of the house, as you can get some great deals to make a profit. There will be a bidding war, but if you win you may be sitting on a gold mine.

Try to improve your book. This will help you keep things as organized as possible. There are many more pressing things to think about. It is necessary to practice good bookkeeping if you build these habits so you can avoid big mistakes

Understand that real estate investment is a commitment. You may have heard a lot about quickly flipping properties for profit, but the reality is that you can make good profits by buying carefully and managing the property until property values ​​increase.

Constructing the best type of building for you to invest in. Buying property is just one aspect of real estate investment. You need to consider what you should do to maintain the property so that you can sell it for profit. You will need more or less to maintain different sized homes. Take only what you can handle.

It is important to know what you are doing yourself when you decide to invest in real estate. It does not matter whether you are a novice investor or a pro, yet you need the right advice to watch. Use what you have learned from this great article to ensure your success for years to come!

You Should Know Before Buying Vastu Compliant House

The ancient science of Indian architecture, Vastu Shastra places great emphasis in choosing the right direction of the house, the size of the plot, air and ventilation to help the residents live a happy, healthy and prosperous life. Although most Indians still look for Vastu-compliant homes, the truth is that not all apartments follow the principles of Vastu Shastra. Rather, real estate developers in India only focus on optimal use of space. But many builders promise to provide architectural-friendly flats. Well, your decision to buy a house should not be influenced by attractive advertisements by real estate developers. Rather, you should flat check whether everything is designed perfectly. In this blog, we've shared some excellent tips to help you test whether a flat is Vastu-compliant.

1) Check the entrance or Main door.

By the way, most people think that the north-eastern entrance is the best, but there are actually 32 entrances in Vastu Shastra. And each direction has its own importance. East, west and north-facing entrances are always good. But south facing doors can either be extremely beneficial for housework.

· The main gate should not be in the southwest, northwest and southeast.

· While most Vastu experts suggest that northeast entrance is most beneficial.

· Others say that it can be extremely dangerous in some cases.

· The main gate should not be placed directly in front of the lift or stairway.

2) Kitchen Location.

· The kitchen should be in the right direction to balance the fire element of the house. Fire signifies wealth and cash flow.

· Having a kitchen in the north-east and south-west areas should be avoided.

· Vastu Shastra suggests that the kitchen should be kept in the south-east direction. However, this may not always be possible in modern homes. In such a case, make sure that the gas burner is in the south, west or northwest corner of the flat. And, while cooking, you should face east or north.

· The kitchen should not have black or blue tiles, floors or slabs. And, avoid granite under the gas burner. A marble slab is highly recommended.

· The cabinet should be placed on the southern wall.

3) The rooms.

· The master bedroom should be in the southwestern direction of the flat. And, the children's room should be in the east or north direction.

· The living room should be either in the east area or central area of ​​the house.

· There should be no bedroom between the east and south-east area of ​​the house as it may affect the health of family members.

· Bedrooms on the southern and western side are to be used by sons and are perfect for daughters who are on the northwest side.

4) Toilet or Bathroom.

· Modern homes have one or more toilets, which are connected to a bedroom or living room. Ideally, the washroom should be in the northwest direction. And, toilets in the north, north-east, south-east, and south-west directions are considered inauspicious.

· The bathroom or toilet door should not be faced in the kitchen.

General points you should know when purchasing property:-

· The land on which your apartment is built must be either rectangular or square in shape. Irregular shaped plots are considered inauspicious.

· There should be no pond near the south and west direction from the house. You should check if there is any swimming pool in these directions of your flat.

· Avoid balconies or courtyards in the western or southern direction.

· Apartments in red, black or sky colors should be avoided as these colors attract negative energy.

· The puja room should be either in the northern or eastern direction.

· According to the guidelines of Vastu Shastra, the ladder should not be in the north-east corner as it troubles the residents.

· The total number of doors and windows should be 2,4, 6 etc.

· All the doors of the flat should open inwards.