Why are 2 BHK apartments ideal for investment? 2 BHK - Best Real Estate Investment

The Indian residential real estate market has grown at a rapid pace over the past few years. With revised government policies, today every person can afford a household expenditure whether it is single or family. However, when it comes to acquiring a property, most buyers get confused about whether to invest in a 1 BHK apartment or a 2 BHK.

A 1 BHK is priced significantly higher than a 2 BHK, but if we evaluate market trends and other factors, a 2 BHK is more pocket-friendly and cost-effective. So, have a look at some of the benefits that a home buyer can enjoy while buying or investing in a 2 BHK flat:

Cost-effectiveness: If you go by market value, a 1 BHK apartment costs a lot less, but doing a little bit of market research will help you understand that buying a 2 BHK flat will be more cost effective than a 1 BHK.

For example, an A1 BHK apartment in Noida Expressway is somewhere between Rs 22 to 25 lakhs, while a 2 BHK cost starts at Rs 30 lakhs. So, just by applying some money, you can get more space, room space and a better unit for your family. The price chart is similar in cities like Hyderabad, Bangalore and Chennai.

However, if you take a little more out of your pocket and move to other cities like Gurgaon or Mumbai, you can get a luxury 2 BHK unit with unique features. Because of this, many potential property buyers wait and save enough money to save their money.

Market Availability: With the implementation of new policies such as affordable housing in the real estate market, a mid-segment working professional can think of buying a 2 BHK apartment at an affordable price. Apart from this, developers are also launching 2 BHK units as the demand is more than 1 BHK in the market

Spacious: A 2 BHK is roomier than a single BHK apartment. You have larger rooms and more outdoor space. Many times, many developers combine a child's room or a study room to give the 2 BHK unit a big boost. It becomes easy for you to adjust the furniture and plan the home decoration items accordingly.

Future plans: Most individuals want to buy a home when they settle down with their family or plan to have one. At this time, buying 2 BHK is always measured as a decent alternative as it is in the future. As your family grows, you need a bigger place to live. A solo BHK is good for a single person who has just started his professional career.

Returns and Profit: 2 BHK apartments are ideal investment options considered by medium-sized families or nuclear families. Philosophically, for a long-term objective, investing in a 2 BHK property is definitely the best thing you can do to get a better return on investment (ROI). 

2 BHK can be easily rented or sold due to its affordability. Therefore, with these benefits, it is always better to buy a 2 BHK apartment from SuGanta Realty Services llp.

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.

Southern states have seen a huge decline in revenue through tickets and registrations

HYDERABAD: The economic downturn has generated revenue within stamps and registrations in southern states including Telangana and Andhra Pradesh this year. By October this year, Varna, when sent for a comparable session last year, saw a decline of at least 5% in revenue in some of these states.

The report given by the states to the Comptroller and Auditor General of Andhra Pradesh present in India is the lowest hit among all states with a loss of 18% taxation associated with the previous year. As of October this year, AP distributed 48% of the budget estimates from stamps and registration revenue, while it received 58.17% of the full budget estimate last year.

The state of Telangana is more reliable than its neighbor, but despite Hyderabad's stagnant real estate sector, the state saw a 6% drop in revenue when it belonged to October last year. The state approved 60% of the budget estimates for tickets and registration revenue, as of October last year, the state projected 66% of the budget estimates.

With an 8% revenue deficit related to the previous year, Kerala has got a great deal. While this figure was 45% this year, it was 53% last year.

Tamil Nadu managed more profitably than Andhra Pradesh and Kerala, with a decrease of 11% this year as opposed to the previous year. Tamil Nadu reported 58% of income in the current year, which came down to 47% by October this year.

Karnataka was the smallest success among the five southern states with a decrease of only 5%. As of October last year, it recorded 57% of the total budget estimate, which was reduced to 53% for the same period this year.

Banking and Financial Specialist. Narasimha Murthy said that focusing on more reliable results, Hyderabad is essential for Telangana as investors in the city are often interested.

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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Tamil Nadu has a plan for portability in registration of properties in sub-registrar offices

CHENNAI: In an effort to safely secure the registration of properties, the state government is plotting to allow all sub-registrar offices in a proper registration district to monitor properties falling under its jurisdiction. Hitherto, sub-registrar offices can only control assets that appear to support their personal revenue jurisdiction.

Tamil Nadu, is divided into 50 registration districts and which has 37 revenue districts. The Chennai zone is divided into five registration districts embracing the revenue districts of Chengalpattu, Kanchipuram, Chennai and Thiruvallur.

The Chennai zone, which values ​​for 45% of the entire revenue produced in TN within property transactions, is estimated to be the most significant successor. Residents, who can travel 30 km from the core city areas to register properties set up in outlying cities, can now visit the sub-registrar office adjacent to their homes.

Kanchipuram and Thiruvallur districts will also benefit the people as the official boundary of the Kanchipuram District Registrar Office covers the entire Thiruvallur's district. Cross-registration of properties from one (registration) district to another, however, will not be allowed.

'Proposal under consideration of government'

For example, a person residing in the core city area who needs to sell a tract of land in Padappai is not required to inspect the sub-registrar office of Padappai. Alternatively, he can manage the sales deed at Adyar or Guindy registration offices.

Currently, district registrars in particular have the ability to provide land registration in any office in their (registration) district. Another official said, "This is decentralization of these capabilities for all registrars." The system is currently supported beyond the Pune region in Maharashtra, the source continued.

The movement will also help boost the number of property registrations in sub-registrar offices that prevent some land registrations. While some sub-registrar offices execute up to 100 transactions through the day, others record only several transactions in the respective registration district. The district registrar said, "With this facility in the community, people can estimate the registration offices of their choosing based on free time slots." This will definitely reduce the waiting time in offices, he continued.

Approval of JEWAR airport from UP cabinet

Zurich Airport International, Switzerland, appeared as the largest bidder for the recommended international airport at Jewar, Uttar Pradesh (JewarAirport), on the outskirts of Delhi, dreaming for a major delayed project. Was and for the development of localities with it. The original duration of the project is expected to be operational by 2023 when it manages 12 million passengers a year.

Zurich Airport is included in another three bidders-GMR Group-led consortium comprising Delhi International Airport Limited (DIAL), Adani Enterprises Limited and Anchorage Infrastructure Investments Holdings Limited.

Meanwhile, Zurich Airport accumulated a revenue share of 400.97 per passenger, the first refusal by GMR Group led DIAL, which took place at Airport 351. The Adani Group and Anchorage were individually priced at ₹ 360 and each 205 for each passenger.

The final tender, however, should be given by the airport's Project Audit and Operations Commission on 2 December, but is expected to be an irrelevant conventionality. Zurich Airport will design, promote and operate the latest green field airport in Jenner after 40 years of authorization. It will finance 650 million Swiss francs (₹ 4,663.731 crore) for the opening of the first phase, which will require about four years to finish.

Jewar Airport will be the third National Capital Region (NCSR) after Ghaziabad's Hindon and Indira GandhiInternational Airport (IGNA). The new airport will be 100 km from Delhi Airport operated by GMR Group, which is the international airport of the capital.

The next phase of Jewar Airport is scheduled to end by FY 2016 and it will expand its capacity and capacity to 30 million passengers per year, in the meantime, the third and fourth phases are expected to be completed by FY 2014 and FY40, In addition, with a capacity of 50 million and 70 million passengers, sequentially.

Fugfen Zurich AG is delighted to have a new presence in India, a focus market for the company, next to the prosperous sales of its remnant at the airport in Bengaluru in 2017. While the expansion is a positive for the aviation department, it will be necessary that visual connectivity stands in a war and an unconnected area for development is also further supplied to the concessionaire.

Another airport is required in NCR due to the geographical area of ​​NCR. Property prices rise once the project's foundation and infrastructure are advertised. In the case of Jewar Airport, we can now see extraordinary growth, appreciation and recognition. These may extend the Noida-Greater Noida area to a standard with Gurgaon in the future.

Developing story are:-

Timeline: The plan for an airport at Jewar was established in 2001 when Rajnath Singh was the Chief Minister of Uttar Pradesh. His follower Mayawati also upheld the order and his government procured over 2,000 acres for the project.

However, in December 2018, it was that the UP cabinet headed by Chief Minister Yogi Adityanath gave its permission for the development of the airport. The central government also granted site approval permission for the project in July last year.

Estimated cost: The development of this international airport will require approximately 5,000 hectares of land which will be finished in four phases. The expected cost of the project, which will be borne by the Yamuna Expressway Industrial Development Authority, is divided into Rs 20,000 crore. This cost does not include connectivity methods.

Capacity: According to PWC, the firm that has presented a techno-economic feasibility record for the project, Jewar Airport is accurate to manage 60 million passengers by 2022-23, when the initial phase of the project is determined . According to the agency's report, managing more than 10 crore passengers by 2050 would be pure.

Connectivity: Passengers could fly from Jewar Airport to international destinations to essential domestic destinations.

Impact: The Ministry of Civil Aviation believes that this airport is meant to expand connectivity in western Uttar Pradesh, which will also boost the tourism and economic potential of localities. This airport will cater to the aviation requirements of not only Delhi Airport, but also cities like Mathura, Bulandshahr, Agra and Meerut. The arrival of this airport will undoubtedly develop property possibilities in the neighborhood. A high-speed network will only overcome impulse.

Green Touch: The Noida government has also confirmed an agreement with individual entities that a parcel of 92 acres of land will be developed for its afforestation plan. This would mean that buyers would tolerate a huge green area.

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Reduction of stamp duty by 0.5% in Nagpur

NAGPUR: A relief for all property builders, buyers and developers, the Stamp and Registration Department has reduced the stamp duty in Nagpur by 0.5%, which has been revived for NagpurImprovement Trust (NIT) for the last 83 years.

Nevertheless, the decision is a major hurdle for the Nagpur Municipal Corporation (NMC), as it still has to receive revenue as it has sprouted all areas of the NIT (Nagpur Improvement Trust).

An administrator of the Department of Stamps and Registration said stamp duty is now 7% vs. 7.5%,

with stamp duty coming into force from 1 December. "This stamp is made according to the representative's rules," the official said.

In a letter, Ughde said, "There was a requirement in section 77 of the NIT Act 1936 to get a 0.5% stamp duty from all activities and transactions in the neighborhood that is developing under the jurisdiction of the NIT. Filed on 27 August Within the information, the state government had distributed the overall NIT areas, particularly seven projects, to the NMC. There is no area of ​​NE. Therefore, the stamp duty charged for NITs needs to be discontinued. "

The Stamps and Registration Department collected a 0.5% stamp duty from all transactions beyond the city and submitted it to the NIT. After a few court orders, the department started to discharge the stamp duty from the areas, especially after NIT jurisdiction. NIT has spent 12.50 crores annually.

The reduction in stamp duty is huge news for property builders, buyers, and developers, as it was one of the greatest in the state.

The government took the entire neighborhood of the NIT to the NMC from August 27, as per the requirements in the NIT Act. The areas transferred by NIT to NMC are mainly unauthorized and under-developed. This is observed as a massive financial hardship over the remaining NMC, which has been erupting earlier under a financial emergency. But the civic body has not received stamp duty raised for NIT.

NMC is also receiving stamp duty of 1% from the abolition of Octroi in April 2013.

The primary stamp duty is 5% of the entire amount of the property. The government had added a 0.5% stamp duty for the NIT, an additional 1% for the NMC and 1% for the metro rail project. Thus, the stamp duty in the city was 7.5%