Showing posts with label office space. Show all posts
Showing posts with label office space. Show all posts

Tuesday, August 4, 2020

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.

Tuesday, June 9, 2020

How to get flat on rent for nuclear family?


Moving to a new city or changing a house within the same city is not a plain-boating task. But it becomes even more difficult when you are planning to hang out with your children. In most Indian cities, the trend for a nuclear family is becoming more popular. As most of the parents are working, they stay out for a considerable part of the day. Therefore, it is important to choose a home that provides protection and comfort to the children while they are alone at home. In this write-up, we have shared some great tips for hunting the perfect flat for your small family.

Look for a decent locality

Although it can be difficult to figure out which area would be best suited for renting a flat, but with online research, you can easily zero in on the best terrain in the new city. You have to see that your favorite place hosts excellent social infrastructure. Also, it should host a crime-free environment.

Safety is foremost

If you want your family to be safe even when you are not at home, make sure that your area hosts a crime-free environment. Also, there should be proper security provisions in the society such as security guards, CCTV cameras and alarms. In addition, make sure your apartment includes proper locks and window grills. In addition to protection from criminal intrusion, you should also watch for protection from fire.

Find sufficient space

If you have kids, your flat should comprise sufficient space. If you are opting for a fully-furnished house, then check that there is enough storage furniture to attain a clutter-free look. Also, the kitchen should have an eat-in corner so that you can help your kids in doing the homework while preparing the meal. Apart from this, make sure that there is a kids’ playground within the apartment complex where they can play.

Good neighbors

While staying in the apartment, we enjoy our privacy to the fullest. But we cannot remain isolated and have good neighbors to rely on during any emergency. When looking for a family home, your priority should be to find an apartment next to a more decent family, which includes a child of the same age group. If you are new to the city, you should prefer to live near a family friend's house.

Prevent potential Hazards

If living in an apartment is your ultimate choice, keep in mind that not all apartments are safe for children. So, properly inspect well and look for potential hazards present there. Find out if paint, cement, flooring and other components of the home are not made of low-quality hazardous elements. Also, make sure that the railing of the balconies is not low enough that the child may accidentally fall.

So, if you want to rent a flat for your small family, and then you should consider your needs first. Keeping the above tips in mind, you can easily find decent accommodation for your family. Well, the best thing about living in the current world is that you can find hundreds of property options online. But make sure that you inspect any property and neighborhood thoroughly before closing the deal.

Friday, May 29, 2020

Why luxury houses are eye catching and why everyone is looking for dream house?

In today's era, we all know what is in the economic situation and other real estate market, yet there will always be people who are not satisfied with any kind of house. As a result, demand for luxury homes in India may rise and fall - but it does not go away completely.

It is driven by a rising standard of living and rising disposable income among successful entrepreneurs, high-flying corporate executives and software professionals, and by a rich score of traditionally wealthy families. They are not satisfied with only four walls, gardens, club house, gym and a parking slot. People are demanding luxurious lifestyles with high facilities.

Indian luxury home buyers have sound reasons why they want homes to be at a premium rather than 'normal' homes, here are some reasons we're trying to put them in front of everyone.

Level of affluence


Buying a luxury home is a matter of prestige - and why not? After all, most luxury home owners have bought their pride and enjoyment with hard-earned money. They want to live in homes that announce their arrival, and offer a higher lifestyle rather than just a mailing address.

Comfort


Today's luxury homes offer all the latest in modern amenities - and an ideal environment for a happy family to live and live. These houses are built to take care of the needs of a comfortable lifestyle. Facilities such as swimming pool, themed, landscape garden, club house, gym, meditation center, manicure lawn, electronic security, touch-button responsive fixtures, and entertainment and shopping all contribute towards making the available experience comfortable and enjoyable.

Security/protection


An important feature of luxury homes is that they have a very high security system in terms of the security gates and security gates of the apartments. They have top security in terms of trained security personnel and security installations that guarantee security. In addition, accidents and medical emergencies can receive immediate attention, because of the immediate response initiated by technology, and the availability of hospitals and emergency rooms at the door only.

High tech applications


Technology and IT innovations have come a long way to make the experience of living in high-end luxury homes exceptional. From solar generators to remote controlled window shutters, everything is directed towards meeting the demands of house buyers in search of an ultra-modern lifestyle.

Neighborhood / Local vicinity


The benefit of housing a family in a luxury apartment does not extend to mere suitability. Luxury housing projects are also seen as the perfect environment for children to grow up and adults to socialize. Ultimately, such projects basically create a society with a certain culture, education and beliefs - in short, a better local environment & surroundings.

Asset value


Real estate and gold are the most traditional forms of money investment in India. However, properties offer the advantage of being an asset that increases in value in every instance - and is also a 'performing asset', meaning that it would serve a practical purpose even if there was a gain in value is given the fact that the demand for luxury homes is always on the secondary market as well.

SuGanta.com is India’s most popular real estate website. We charge you 0% brokerage on new properties purchased by us. We provide a dedicated customer relations manager for you when you select an assistant buyer. All of our managers are real estate specialists who will take your unique preferences into consideration and only shortlist homes that perfectly match your needs. So you can be sure that our experts will find your dream home.

Thursday, May 14, 2020

Do not buy a home in India without reading it


Very few people in the country can wake up and buy a home. For the rest of us, making a huge financial decision like buying a home takes a lot of thought and planning. We have listed the most important aspects you need to consider before making this huge financial investment.

1. Set a budget

The way you calculate how much you spend on your home should be based on how much you make and how much you can comfortably pay on EMI. You should not struggle nor live by mouth due to number of EMIs. You start by adding all the sources of income you have i.e. 

 Salary + Freelance work + Bonus = Total Monthly Income


Now, cut your monthly expenses by this amount. If you think your expenses are too high, look at the areas on which you can cut expenses. EMI ideally should not exceed 20-25% of your net pay home pay. If your EMI is 40–50% or more of your net income, you may neglect other goals to pay the EMI, or may struggle if an unexpected expense arises.

2. Save amount for your down payment

The Reserve Bank of India (RBI) and the National Housing Bank have stated that housing finance companies and banks are not allowed to lend more than a certain percentage of the fair market value of the property. It is a LoanTo Percentage Value (LTV) ratio. For example, If you are looking for a loan amount of Rs 30 lakh, then you can get a loan up to 90% of the value of the home. For loans between Rs 30 lakh and Rs 75 lakh, LTV is 80% and above Rs 75 lakh, it is capped at 75%.

To buy a home for Rs. 50 lakhs, you will get at least Rs. 10 lakhs are ready and then you can borrow the rest. Therefore, depending on how much you have saved, you can decide your budget for the home. Or, you can start investing in debt schemes, investing in mutual funds, through monthly SIPs, to build your savings.

3. Decide where to buy a home

Do your research on which areas are growing, it is better to invest here than going to already developed area. The posh areas will be very expensive and you cannot appreciate the rate you want. Growing areas may be more economical and a better option. If you want to avoid congestion in the city, check out the options in the suburbs. While it may be tempting to buy a home in other cities, it is not a good idea. There are many cases in which buyers who were not familiar with the new city got stuck with the wrong project.

You should also be aware of rental rates and resale rates in the area in which you are investing. It shows you how risky / safe investment will be here.

4. See the best time to buy

In India, the most popular time to buy a home is during summer. It is understandable that children are on their summer vacation and easy to relocate as a family, this does not disrupt their school life. Since summer is a popular time, there are many builders who offer special discounts and offers to attract buyers; you can keep an eye on these. This offer also happens during the festival season, so timing is a must. If you want to buy a resale home, be patient. There are many home owners who sell their property at great rates. You can get a home in a great bargain, there are investors who now want to load property that they bought a few years ago at a 0% margin or even for less than what they paid for. Now is your time to grab these homes.

5. Choose the right home

If you are buying a home for as an investment, do not be hasty. Shop; see more and more options before choosing a home. Talk to several builders, talk to the residents and don't leave with your first home.

See reviews, work with experienced teams like SuGanta.com who can show you many options, give you the best deals and even negotiate for you on your behalf. Find out more here. Hire home inspectors and get excellent lawyers so that your documents and home are sound.

Good luck on your home purchase! And remember, SuGanta.com is here to help you in every way. Leave us a message or reach us at SuGanta.com.