Cheap, affordable houses for the poor in UP soon

Lucknow

The Uttar Pradesh Cabinet on October 17, decided to provide cheap and affordable houses to the poor in the state, an official said.

The Cabinet meeting, presided over by Chief Minister Akhilesh Yadav, also took several other decisions, including increasing the salary of Madrassa Board teachers from Rs 8,000 to Rs 15,000 per month, he said.

A decision to further increase projects of e-governance in the state-run schemes was also given the green signal by the Cabinet.

Besides, a proposal to start a Chief Minister's Food Processing Mission was ratified by the state Cabinet and construction of an international theme park in Ayodhya was also given the go-ahead, the official added.

Booking with Property Developers in Lucknow is Advantageous. Why?

Development of the city in terms of Lucknow’s real estate has touched incredible heights. In the real estate world, Lucknow is gaining pride among prime locations of the country. As a result, people from all over the country who owns a necessity for a home in Uttar Pradesh is giving the city preference. Hence, the city is expected to suggest a number of benefits to the Real Estate Developers in Lucknow. This rate of development is forcing some reputed builders to emerge with residential and commercial properties prepared with elite services and amenities.

Getting somewhat in deeper, there are certain reasons behind real estate boom within the city. There are ample of reasons responsible to suggest a number of real estate benefits. The basic reasons behind the economic growth are the going on openings of educational institutes in the city. Students from all over India compete to gain a place in the institutes under various streams. As to overcome the requirement of accommodation for these students many Property Developers in Lucknow are taking steps in the form of flats or independent houses.

Furthermore, opening of commercial zones involving shopping complexes is providing a considerable share in the economic expansion. Thus, the inhabitants within the city are able to make a high source of income by making investments in such commercial sections. As well, the properties are reasonably priced adjacent to other parallel locations.

In the approaching years, the city is expected to have additional advancement in the field, thus, booking property with one of the Real Estate Developers in Lucknow can bring high returns of investment. Though, the non residents can investigate the finest property alternatives with the assistance of an experienced real estate consultant. Some of the firms are also occupied in advising the property options. With such capital, an entity can find the residential or commercial unit within their preferred budget and preferable location.

Real estate property market news: FACTORS BOOSTING LUCKNOW REAL ESTATE MARKET

According to a latest report by CRISIL (Credit Rating Information Services) Lucknow real estate market is going through a transitional phase where lot of activities are going on there. CRISIL has listed the realty sector of Lucknow city as one of the fastest growing real estate markets in India. The number of buyers and investors from national and international market investing in the city has also increased substantially.

Successful shifting from traditional homes to new-age high rise apartments among the modern-day buyers is one of the prime reasons for this growth. To elaborate further Lucknow’s realty market can be broadly divided into 2 main zones: Old Lucknow and New Lucknow. People in Old Lucknow prefer independent housing (for example DLF Gardencity plots) whereas New Lucknow is dominated by high rise housing solutions. Being the political capital of Uttar Pradesh the city has witnessed a great infrastructural development that gave a much needed boost to the real estate sector.

Adding more to it 3 proposed metro projects will give an additional push to Lucknow market and will help in unlocking its real potential. Talking further under-construction bridges across Gomti River, expressways connecting Lucknow to nearby cities has played a pivotal role in expanding the realty section here. Trans Gomti region especially Gomti Nagar Phase I, Phase II and Gomti Nagar Extension are the main centres of development attracting both the developers and the end users. The region not only boasts of good road network but also offer well-planned civic infrastructure and close proximity to nearby places. Sahara Hospital and Ram Manohar Lohiya Hospital are two major hospitals located in the Gomti Nagar area.

Lucknow Industrial Development Authority (LIDA) is also implying for the development of city realty market especially the Lucknow-Kanpur Road section where many new projects are coming up in near future. To sum it all Lucknow market is going to establish its mark in coming times thus it is the right time to invest here.

Why you must invest in Lucknow’s Vibhuthi Khand right now

Vibhuti Khand in Gomti Nagar is an up and coming residential and commercial locality in Lucknow.  So if you are planning on investing in real estate in Lucknow, a flat in Vibhuti Khand is highly recommended by real estate experts.

Besides being a well planned residential and business district, there is another factor which will impact the realty prices in Gomti Nagar and that is the city metro which will provide rapid transportation to many. Realtors say that once the metro connect happens prices of properties for sale in Vibhuti Khand and other areas within Gomti Nagar will shoot up. This has already happened in Delhi where connectivity by the Delhi Metro has been a major factor for rising realty prices. Umpteen surveys on the impact of rapid transportation on reality prices have also proved this point.  Crossing along an elevated route, the train coming from the airport terminal will be diverted towards Gomti Nagar, at the Indira Nagar trisection, for the Gomti Nagar Metro Link.  The stations which are being planned on this route are the Indira Nagar trisection, West End Mall, Gomti Nagar and Patrakarpuram.
Gomti Nagar is a planned locality developed by the Lucknow Development Authority with the various sectors in the locality known as “Khands”. Interestingly, all of them start with the letter V. Gomti Nagar and Gomti Nagar Extension are both well planned and stake a claim to being the largest township of its kind in India. Currently, the area has about 5 lakh residents; the population in this area, by the year 2021, is expected to be 1.3 crore. Gomti Nagar is also one of the growth corridors in Lucknow; so if you are looking for flats in Vibhuti Khand, this is as good a time as any.
A quick look at the online realty sites shows you that there are a number of properties for sale in Vibhuti Khand.  An investment into either property or flats in Vibhuti Khand is likely to pay off, because Gomti Nagar is well developed with many malls, Information Technology (IT) Parks, Special Economic Zones (SEZ), universities, multiplexes, clubs, banks, food courts and entertainment zones.
The residential colonies are almost always park facing, as the planning is based on the maximum open space concept. Besides high end residential projects, Gomti Nagar has developed as the IT hub of Lucknow. It has also gained importance as a business district since many important offices such as the Reserve Bank of India building, NABARD, Passport Office, are located here. The state and national level headquarters of the multinational company, Sony, is also located here.
The Gomti Nagar Railway station, besides the Metro, is on the Barabanki Lucknow suburban railway line. This is a great help to commuters who wish to connect to other parts of Lucknow. Currently there is a demand for housing in Lucknow, though the market is still sluggish.
According to newspaper reports, the demand for housing has been set at 30,000 units and this is likely to grow, considering the growing population of IT professionals in the city, non resident Indians (NRIs) and other upwardly mobile people.
Lucknow is the state capital and is also an education centre. The coming of the Lucknow Bypass Road and the Lucknow Kanpur Expressway will improve travel time and connectivity with Kanpur, Sitapur, Raibareli, Sultanpur and so on. The city’s infrastructure has also received a fillip with the implementation of the Jawaharlal Nehru National Urban Renewal Mission (JnNURM) under which a number of schemes have been undertaken, including the metro. This has led to developers coming in with mega projects such as townships and shopping malls.
Since Gomti Nagar has emerged both as a residential and business hub, check the papers forproperty for sale in Vibhuti Khand to see if the particular plot is earmarked for residential or commercial use. It is important to check this, otherwise the home buyer will have a lot of problems to solve before he can construct.

72 Rock Solid Real Estate Blogging Ideas With Examples

As a real estate developer who has dealt with over 2000 individual clients over the last decade, this is a question I find myself fielding frequently, and more than ever as we head into 2014. More and more agents are realizing that consistent blogging can be a huge cornerstone of an effective organic (non-paid) long term Search Engine Optimization strategy for their real estate websites.

When going through this list, make sure that you establish what your goals are with your real estate blog. Do you want your website to be a complete buyer and seller resource? Do you want to focus on local events?

Ideally you should experiment with a little of everything and let your analytics dictate what you focus on. Always make sure that your overarching objective is to provide ‘value.’ Please don’t be the guy that writes an article with all keywords and no substance.

Without further adieu, below you will find a list of some of best real estate topics you should be blogging about, separated into popular categories. Generally speaking we’ve tried to put what we feel is the best stuff in each list towards the top. Enjoy!

Your Local Market

1. Local Events in your Area – Good way to stay up to date to this is to find websites in your area (Local Events Sites, Local Newspaper sites etc) and sign up for updates. This way when there’s an event, you can blog about it.
2. Events you’ve attended in the area
3. Community Events- Think Festivals or other events that tend to bring the community together
4. Write about a local business (Restaurant or other). If you’re writing about a business that has a website, let them know so that they can link back to you!
5. Housing Trends: Are home sales up or down? Is now a good time to buy? How are mortgage rates affecting buying?
6. Have any celebrities recently bought or sold in the area?
7. Luxury Properties – Put together a list of some of the most expensive properties currently for sale in your market, and don’t be afraid that you’d be happy to show said properties!
8. Cheap Properties – Put together a list of the cheapest properties in your market.
9. Best Valued Properties – Put together a list of some of the properties you think are valued the best.
10. Property Taxes – What can I expect in certain areas?
11. Schools – How are the schools in your area performing. Any recent news about a particular school? Anything someone considering a home in a particular neighborhood would want to know? How about creating a list or linking to a report or article ranking the best schools in your areas?
12. Job Opportunities – Did a big company just open a factory in your area? What are some good job opportunities?
13. Transportation – Do you service an area with a lot of commuters? If I’m looking for a property with easy access to a bus or railroad, what are my best bets? How long are commute times from these areas?
14. Politics – What are some hotly debated issues in your market? Be careful with this one!
15. HOA’s – What is a HOA? What are the benefits?
16. Crime – What are some of the local crime rates? Have those gone up or down? What are some safer neighborhoods?

Local Market Points of Interest and Activities

1. Restaurants – Where can you get the best bang for your buck? Who has the best burgers? What are some healthy eating options?
2. Parks – Create a list of some of the best parks in your area and include some photos
3. Golf- This could potentially be a huge topic for you if you specialize in Golf Homes. Where are the best courses? What are the best Golf Course communities?
4. Nightlife and Entertainment – Where’s the best place to get a drink after work? Where can I go if I feel the need to salsa?
5. Coffee – Coffee lovers unite! Where can I find the best or most unique cup of joe in the area?
6. Local Getaways & Day Trips – Where can I go if I need to just get away, but not too far away?

Your Target Audience (buyers, sellers, investors etc)

1. Write To Your Target– Write an article addressing the concerns of newlyweds, first time home owners, retirees, seniors, new parents looking for a home in a good school district, etc etc.
2. Buyer Questions – Think about how many questions you get over the course of the year. Not only is this a great topic to blog about, but think about how professional it is when you can answer those questions and follow up with an email to a link to this article on your website!
3. Seller Questions – Same schpiel as above
4. Investor Questions – Any advice for investors? Are there any specific neighborhoods you’d recommend for potential future value thanks to planned improvements in infrastructure or other?
5. Relocation Questions – What are some considerations I should make if I’m considering relocating to the area?
6. Foreclosures – What is a foreclosure property? Should I be targeting one for my new purchase?
7. Other Professionals in Related Industries – Had a good experience with a Mortgage Specialist? Why not blog about the experience or the individual?
8. New Construction – Advice for going this route?
9. Relocation Resource List – Put together a list of resources people looking to relocate can access. This also doubles as a great resource to email to a potential relocation buyer who has contacted you.
10. Why is it important to work with a real estate professional, such as yourself?
11. Activities for Kids – What are some great libraries, public swimming pools, or summer camps that kids can participate in?
12. Pets – What are some tips when moving with pets? Where can I bring Fido if I want to go on vacation? Where are there some good dog parks? Who are some good vets?
13. FSBO – What’s some advice to for sale by owners? Why, at the very end of this article, should I probably work with a trained real estate professional like yourself  ?
14. Rent or Buy? – What are the benefits for renting as opposed to buying. Why should I rent if I think the housing market is in for a nosedive?

Health & Lifestyle

1. Eating- Where are some healthy places I can eat?
2. Gyms- What are some of the best gyms? Are there any Crossfit or personal training gyms? What about if I want to practice Yoga?
3. Skill Training – Where can I go to learn martial arts?
4. Group Training – Are there any local bicycle clubs? Where can I go to join a swim team?
5. Activities – What are some of the best places to hike? What about bike trails?
6. Sporting Goods – Where can I load up on sporting gear?

Related Real Estate Industries

1. Mortgage – Where can I get good financing on a mortgage. Have you worked with a mortgage specialist in the past and had a good experience with them?- Blog about it!
2. Other Real Estate Service Providers – Who are some title companies or inspectors you would recommend?
3. Real Estate Agents in other Markets – Do you focus on a particular market but periodically get leads from individuals a little too far? Write a blog post about other agents you recommend from those markets.
4. Real Estate Agent Specialities – Do you only want to focus on properties that are $1M plus? Maybe you’re a condo specialist? Write an article about other real estate agents who you would recommend for the target audiences you don’t want to service.
5. Home Decor – Have you worked with any interior decorators? Recommend them and include some photos of work they’ve done on a particular project for you.
6. Qualifying for a Loan – What do I need to qualify? What can I do if my credit sucks?
7. Refinancing – When should I refinance?

Home Features

1. Pools – Which home has the best pool on the market?
2. Views – Are there any properties that have killer views?
3. Unique Features – Did a property just come on the market that has a helipad AND a stables? Is there a property with a secret passage way?

Yourself

1. Why should I work with you? – After you write this article, make sure to include a link to it somewhere on your ‘about’ page
2. Testimonials – Why not write something about a recent transaction you had, including a testimonial from the happy customers
3. What do you love about the area?
4. What do you love about your job?
5. How you work – Is there a particular ritual you find that you can’t live without. Do you have any shortcuts or software that you use that makes you more efficient and saves you a load of time? I’d like to hear about it!
6. Staff – Do you have an assistant or someone else that works for you that does a great job?
7. Clients – Interview your clients. Ask them what some of their favorite things are about the neighborhood you just sold them a home in. What did they wish they had known before they bought their first home?
8. Marketing – How do you market your properties? What makes you unique?
9. Track Record – If you’ve sold a lot of homes or gained notoriety and awards in a particular area or specialization, why not brag about it a bit?

Home Maintenance

1. Renovations – Do you recommend anyone for home renovations? What are the most important things I can renovate in terms of adding value to my home for resale? What are some of the worst things people renovate thinking it will bring added home value?
2. Staging – What are some of the most important things I should know when staging my home?
3. Landscaping
4. Decorating – What are some good decorating tips? Any websites that you can recommend?
5. The most common pitfalls of buying or selling a home and how to avoid them

The Future

1. Predictions- Where do you see things going in 10 years?
2. Technology – How is technology affecting real estate?
3. Reverse Mortgages – How can a reverse mortgage allow me to retire? Maybe you can find a mortgage specialist to ‘guest post’ this article for you.

Your Listings

1. New Listings – Make sure to include photos
2. Open Houses – When and where?
3. Price Reductions

Have any other great ideas for topics to blog about that we missed? Feel free to sound off in the comments below!

Lucknow airports win ‘Best Airport in the World’ awards

Airports in Jaipur and Lucknow which are managed by the Airports Authority of India, have won the first and second place of the 2015 Airport Service Quality (ASQ) Awards in the category of 2 to 5 million passengers per annum.

The ASQ awards, organised by the Montreal-based Airports Council International, are the result of more than 55,000 in-depth passenger satisfactions surveys carried out last year at more than 300 airports across 80 countries.

“It’s a pride moment that we have received Airports Council International’s best airport award in Asia Pacific and the region. We are top in the world. We have taken care of all facilities related to passengers and workers. We have maintained high quality at arrival and departure areas,” said B. K. Tailang, Airport director, Jaipur.

“The present position of having been declared as world’s number two airport in the category of 2-5 million passengers has been possible because of cooperation of everybody. We have tried to add more facilities, basically shopping facilities, beautification and good ambience. The passenger facilitation activities like helping them in the checking process and then expediting the security clearance, everything has been taken care of,” said Suresh Chandra Hota, Airport director, Lucknow.

Further, Jaipur Airport has also been rated as the best airport by “Regions and Size” in the Asia Pacific region in the category of 2-5 million passengers per annum.

The Goa and Trivandrum airports are at 4th and 5th positions in the same category.

In the category of Airports upto 2 million passengers per annum, Airports Authority of India’s Srinagar Airport has been rated as the second best airport in the World.

“This is really a great achievement. We have been working very hard to improve the customer facilities. Difference facilities available at the terminal as well as the city sight and the facilities given to the different airlines who are operating from different terminals. Our people have worked very hard and they have brought this laurel to the Airport authority to India,” said R.K. Srivastava, Chairman, Airports Authority of India.

Airports Authority of India owns and maintains 125 airports comprising 95 operational airports in the country.

Efforts are high to improve infrastructure and facilities at all airports with the next expansion phase covering airports at Agartala, Guwahati, Chennai, Pune, Leh, Trichy, Ahmedabad and Patna.

“At present, only 11 airports are judged on 34 parameters and it is heartening to tell you and all our 11 airports have been ranked higher than the world average of 4:3 in the scale of 5, so this way the improvements are coming. We expect when the number of airports increases in this parameter so all other airports will qualify and become the best,” Srivastava added.

The Airports Authority of India wants its airports to be commercially viable by attracting air travellers to shop, relax and use the best available facilities.

“Our services will improve. Earlier, we used to plan retail and commercial planning after the construction of a building. Now, we are planning it in advance so have commercial space in the building that the passenger gets attracted with retail and food and beverages items. It will help increase the spending per passenger at the airport. It will also increase our revenue and airport will become self sustained,” said S. Raheja, Member (Planning), AAI.

The airport infrastructure, loaded with world-class facilities, is developing in the country as the demand is rising with more people travelling through domestic and international airports.

Here’s how GST will impact the real estate sector in India?

GST, which has been one of the longest awaited tax reforms, got unanimous approval of both houses of parliament this monsoon session. Union government of India has set a deadline of April 2017 for its roll out. As of now 3 states have already ratified the bill and others will quickly follow. How it might impact taxes in residential real estate transactions has got varied views of industry experts. Through this article we will try to detail out the issues involved to give a better understanding of these varied views.

Lets first understand the various taxes applicable in a residential real estate transaction.

1.     Service Tax – If you are purchasing an under-construction property, developer will have to charge you service tax and deposit it with central government. This tax was not applicable till 1st July 2010. The key reason for the same was contract between builder and buyer for construction of residential unit was disputed as works contract as it also includes value of land. Hence rules regarding taxes on work contract was not applicable on residential complex construction. In finance act 2010, government added an explanation to definition of construction of residential complex and made it deemed service. For the simplicity sake government has given abatement of 3/4th of cost of unit as land and goods for construction and only 1/4th of the cost of unit is treated as service. Hence presently most homebuyers are paying 3.75% of cost of unit as service tax (1/4th of 15%). Recently service tax on under construction property has again been put under question as Delhi High Court ruled against this and matter is sub-judice at Supreme Court of India.

2. VAT (Value Added Tax) – If you are purchasing an under-construction property, you will have to pay additional VAT in some states such as Karnataka, Haryana and Maharashtra. Developers charge this value added tax and deposit it with state government. VAT has also been under dispute for long time and still there are many states such as UP who do not charge VAT. Also unlike service tax there is no uniform way of computing VAT across states. E.g. in Maharashtra under composition scheme VAT is charged as 1% of agreement value whereas in Haryana the same proposal was passed but not yet agreed by developers. In Karnataka VAT is charged at 5% of agreement value of unit. To calculate accurate value of VAT and not use composition scheme, developers will have to maintain proper accounts of goods purchased for construction and VAT paid by them for the same to get input credits which is cumbersome and makes it tough for buyers to understand.

3. Stamp Duty – Stamp duty is charged by state government, again at varying rates, for registration of sale agreement for real estate transactions.

Incidentally if you are buying a ready to move-in property directly from developer after he has obtained completion certificate from authority, you don’t need to pay service tax and VAT hence saving 3.75% to 9% of property cost depending on state where you are buying property.

Now lets understand how GST will impact these three taxes. Service Tax and VAT will be replaced by Central GST and State GST whereas stamp duty stay unchanged as it is out of purview of GST.

There are two open items because of which at present it is difficult to predict accurately the impact of GST on real estate transactions. One is the GST rate and second is abatement for land value in total agreement value of under construction residential unit. Let me take assumptions on these two items to estimate impact of GST. These assumptions might be off but has a high probability of being true as well. GST rate might be set at 18% as many experts back this rate and abatement of land might be only 25% of agreement value as 50% is assumed to be cost of goods and remaining 25% as cost of service. Based on these assumptions the effective GST on under construction property transaction will be 13.5% (3/4th of 18%). Now this rate is significantly high compared to 3.75% – 9% currently being paid. Hence we can assume cost of buying under-construction property will significantly increase after GST becomes applicable from 1st April 2017.

But this might not be true. Currently developers pay service tax and VAT on services and goods they procure for construction of residential complex but are not allowed to take input credits of this tax because of which end customer pays tax on tax. As per estimates given by developer community this tax on tax adds up to 20 – 25% of the cost of residential unit. Hence if GST is implemented and developers are allowed to take free credits of input tax paid, the cost of unit should reduce by 20% at least. To understand this better lets take an example, a residential apartment which is sold at Rs 100 today finally cost end customer 103.75 in Uttar Pradesh excluding stamp and registration duty. If post GST price of unit is reduced by 20% i.e., it becomes Rs 80 then final cost to end customer will be 80 + (13.5% of 80) i.e., Rs 90.8 which is much less than Rs 103.75. So in fact if developers pass the benefit, which they will get from GST, cost to end customer actually will reduce.

But it is easier said than done. First of all current under construction projects are at different stages of construction and developers would have already paid service tax and VAT for procurement of goods and services for which they will not get input credit. Hence cost reduction will be lesser than 20% for current under construction project. Second model GST law clearly mentions input credit will not be available for goods and services purchased for execution of work contracts. Presently we have seen two different interpretations by courts of whether construction of residential complex is a work contract or not. If it is treated as a work contract cost of developer will not reduce at all after GST implementation. Another issue which needs to be kept in mind is, presently government does not allow input credit if the composition scheme (i.e., abatements for cost of land and goods) is used by developers for calculating service tax and VAT.

Therefore at present, we are more likely to believe that cost of under construction residential unit will increase post GST implementation. This will be a hefty blow to industry, which is already suffering from slow sales. Industry bodies need to urgently engage with government to minimize this impact by clarifying position on works contract, composition scheme and already paid service tax and VAT by developers on under construction property.

Lucknow; An Ideal Place to Dwell

Lucknow is the most commonly known as ‘the city of Nawabs’ and it does live upto its name. It has been seen that Tier 2 cities have a busy lifestyle and fast paced schedule. But when it comes to Lucknow, then the scenario is completely different. Despite being a top city in the state, Lucknow has quite a laid back attitude. In old Lucknow you can easily spot people standing near tea shop and gossiping. Here people always have time to speak to their loved ones and friends. In today’s time, where everybody has a deadline driven job, it becomes necessary to spend some time in peace and there are several places like Ambedkar Park, Kashiram Upwan to enjoy the evening.

The city of Lucknow is fast developing and the living standard of the people is rising day by day. The basic requirements to dwell in any city are power and water supply, good education, safety, transportaion and food& entertainment. Well, in all these departments Lucknow earns full marks. The city boasts of 21+ hours power and water supply, it has the best of convent schools and higher education institutes. Buses and other public transport system run throughout the city and hence any part of the city is easily approachable. As far as fooding habits are concerned, it has one of the best eateries right from Rattilal khaste, Ram Asrey sweets to Tudnay Kababi and Dastarkhawan. Above all these, Lucknow is considered a safe city as compared to other cities like Kanpur or Allahabad of the same state. Law and order is pretty much under control and the local crime graph is in decline mode.

All the above points clearly state that Lucknow can be treated as an ideal place to dwell and the city is better in many aspects and is quite inexpensive in comparison to its counterparts.

Emerging growth corridors in India make way for invests

When the new government took charge in 2014, it was expected that the real estate market would get revived, but property prices remained low. As a result, the urgency that usually surrounds the decision to buy a house-for investment or residence alike-abated. What replaced this urgency was complacency; would-be home buyers began to feel that since prices are in a downward spiral, they should delay the purchase of a home until prices fall even further. 

But data suggests that the realty market has remained stagnant, and it is unlikely that property prices will fall even in the latter half of 2016. Thus, these delays may very well be in vain.

Further, experts from JLL India and Cushman and Wakefield suggest that prices of real estate are likely to rise in 2017 and beyond, confirming that 2016 may be the last year that homeowners can enjoy reduced rates. 

Deciding where to invest

Even if you've made the decision to invest, choosing a location to buy property can seem like shooting in the dark. For people who bought houses in Gurgaon 20 years ago, for instance, the property price appreciation would have been a life-changingly pleasant surprise. Similarly, Powai wasn't always the buzzing entrepreurial hub that it is today. But with massive investment in infrastructure and setting up connectivity with Mumbai and other suburbs, it now boasts of being the birthplace of pioneering startups such as Housing and Olacabs and one of the most sought after real estate locations.

But is there a way that you too can discover areas that are on the verge of a real estate boom?

As of January this year, there might just be. As part of its "Smart Cities Mission", the government released the first list of 20 cities it is working towards making "Smart". This list has made it much easier to recognise signs of development a real estate investor must look out for when deciding where to invest. 

You see, when a city has secured adequate water and electricity supply, proper sanitation and waste disposal systems, robust IT connectivity and digitalisation, effective health and education facilities or even greater connectivity to metros, it shows the government's dedication to developing it.

Further, as companies start setting up base, there is an influx of employees, and that increases the residential real estate demand, forcing property prices up. Boisar, an industrial town on the outskirts of Mumbai, would not have been on a home buyer's radar up until a few years ago.

It was under gram panchayat rule and lacked connectivity to any major metros. However, Boisar is now being connected to Mumbai and Gujarat through a 4 lane railway track, and to Delhi through the Delhi-Mumbai Industrial Corridor.

The last decade has also witnessed the creation of over 1,00,000 jobs with companies such as TATA, Raymond and Bombay Rayon setting up shop, as well as the establishment of reputed hospitals and educational institutions in Boisar. These factors have increased the demand for residential real estate, due to which property prices are on the verge of rising.

Similarly, Bahadurgarh was an unknown city in Haryana, until it got its own station on the Delhi Metro rail network and became a part of Delhi NCR. Now, with investors such as TATA Housing having invested 600 crores in affordable housing projects, it's one of the emerging corridors to buy property.

What this means for home-buyers is that identifying ideal places to invest isn't out of your grasp anymore. When signs of development begin to appear, it means that real estate prices are on the cusp of rising. To benefit from this extensive growth and appreciation, it's essential you grab the opportunity to buy a home before it's too late. 

Real Estate Regulation and Development Bill

A bill seeking to regulate the real estate sector, bring in transparency and help protect consumer interests was passed by the Rajya Sabha today.

Moving 'The Real Estate (Regulation and Development) Bill, 2013' for consideration and passage, Urban Development Minister M Venkaiah Naidu said it aims to protect the interests of buyers and bring more transparency in the sector.

The Congress had extended its support to the Bill, which was passed by a voice vote in the House. It is touted as a major reform measure to regulate the vast real estate sector and bring order in it.

READ: Real Estate Regulator Bill passed! 10 things you should know about it

"The Bill is need of the hour," Naidu said, responding to clarifications by members saying it can see further changes in the coming times. He also sought the support of AIADMK members, who had opposed the measure.

He said the bill would prohibit unaccounted money from being pumped into the sector and as now 70 per cent of the money has to be deposited in bank accounts through cheques.

"There will be no discrmination of any kind on basis of religion, region, caste, creed or sex and gender and we will include that in the rules," Naidu said, responding to members' clarification, adding "there has to be single-window clearance for all approvals."

The Bill also provides for imprisonment of up to three years in case of promoters and up to one year in case of real estate agents and buyers for any violation of orders of Appellate Tribunals or monetary  penalties or both.

Naidu said it proposed that a minimum of 70 per cent collections from buyers should be deposited in separate escrow account to cover cost of construction and land.

It will help establish state-level Real Estate Regulatory Authorities (RERAs) to regulate transactions related to both residential and commercial projects and ensure their timely completion and handover, the Minister said.

Appellate Tribunals will now be required to adjudicate cases in 60 days as against the earlier provision of 90 days and Regulatory Authorities to dispose of complaints in 60 days while no time frame was indicated in earlier Bill, he said.

"It brings in only a regulation and not strangulation. This Bill is not against anyone...Real Estate Bill will renew investors' confidence and ensure timely completion of projects and create more opportunities. In this way, it will help in achieving the target of 'Housing For All'," he said.  

How to remove bars in buying a property

Lucknow

The dream of running an ATM, parlour or a shop in your home may soon come true with Lucknow Development Authority (LDA) cutting down land use conversion charges.

According to the new rule, a person can apply for change in land use from residential to commercial based on LDA sector rates rather than DM circle rates of the area. The policy would be applicable in all LDA developed localities which applies to more than 45% of the city including Mahanagar, Aliganj, Gomtinagar, Janakipuram, Kanpur Road, Sitapur Road and Vasantkunj Scheme, among others.

This is a big decision for hundreds of residents who couldn't afford paying land use conversion charges based on DM circle rate which keeps increasing every year depending on development of the area. On the contrary, LDA sector rates are cheaper and were last revised in 2014. LDA VC Satyendra Singh Yadav said, "Usually, LDA sector rates are about 1.5 to 2 times cheaper than DM circle rate, so this is going to help many residents who had been long planning to change land use."

LDA officials said they already have 80 applications asking for land use.

"Earlier, it used to cost a whopping amount for changing land use from residential into commercial. Hence, we have only 80 applications. Once we apply LDA sector rates, we are sure to get many more applications," said an official.

Though it applies to independent houses, people living in apartments or group housing projects can also apply but they need to take special permission from LDA. Besides, there are certain conditions to approve the change in land use. A certain road width or parking space is mandatory for running commercial activities.

All applicants need a 'no-objection certificate' from their neighbours before applying for the scheme as they might get disturbed due to the emergence of a commercial set-up in the vicinity.

Commercial activities which may lead to nuisance or cause pollution would strictly be prohibited in residential areas.

Source: The Times of India, Lucknow

Realty check in Lucknow

Lucknow

Real estate in Lucknow is reaching sky high and the same is evident in various inroads it has been making towards development of the city.

Kartik Kaushal, a banker by profession and a prospective homebuyer, says, "I am sure I want to invest in the city because it has the potential and while it is making progress, the positivity around helps me as a homebuyer."

The way ahead is Smart.

The central government announced 13 more smart cities and Lucknow has made it to the top. Urban Development Minister Venkaiah Naidu remarked that these cities had improved the quality of Smart City plans by up to over 25 percent to become eligible for selection.

Lucknow Municipal Corporation has been aspiring towards the agenda of Jeevant (Liveable), Sugam (Mobility), Swachh (Clean) and Samruddh (Prosperous) city, a goal to be realised by 2020.

Source: Times Property, The Times of India, Lucknow

How To Increase Sale In Real Estate Company

Your Local Market

1. Local Events in your Area – Good way to stay up to date to this is to find websites in your area (Local Events Sites, Local Newspaper sites etc) and sign up for updates. This way when there’s an event, you can blog about it.

2. Events you’ve attended in the area

3. Community Events- Think Festivals or other events that tend to bring the community together

4. Write about a local business (Restaurant or other). If you’re writing about a business that has a website, let them know so that they can link back to you!

5. Housing Trends: Are home sales up or down? Is now a good time to buy? How are mortgage rates affecting buying?

6. Have any celebrities recently bought or sold in the area?

7. Luxury Properties – Put together a list of some of the most expensive properties currently for sale in your market, and don’t be afraid that you’d be happy to show said properties!

8. Cheap Properties – Put together a list of the cheapest properties in your market.

9. Best Valued Properties – Put together a list of some of the properties you think are valued the best.

10. Property Taxes – What can I expect in certain areas?

11. Schools – How are the schools in your area performing. Any recent news about a particular school? Anything someone considering a home in a particular neighborhood would want to know? How about creating a list or linking to a report or article ranking the best schools in your areas?

12. Job Opportunities – Did a big company just open a factory in your area? What are some good job opportunities?

13. Transportation – Do you service an area with a lot of commuters? If I’m looking for a property with easy access to a bus or railroad, what are my best bets? How long are commute times from these areas?

14. Politics – What are some hotly debated issues in your market? Be careful with this one!

15. HOA’s – What is a HOA? What are the benefits?

16. Crime – What are some of the local crime rates? Have those gone up or down? What are some safer neighborhoods?

Local Market Points of Interest and Activities

1. Restaurants – Where can you get the best bang for your buck? Who has the best burgers? What are some healthy eating options?

2. Parks – Create a list of some of the best parks in your area and include some photos

3. Golf- This could potentially be a huge topic for you if you specialize in Golf Homes. Where are the best courses? What are the best Golf Course communities?

4. Nightlife and Entertainment – Where’s the best place to get a drink after work? Where can I go if I feel the need to salsa?

5. Coffee – Coffee lovers unite! Where can I find the best or most unique cup of joe in the area?



6. Local Getaways & Day Trips – Where can I go if I need to just get away, but not too far away?

Home Buyers Benefited In Budget 2016

First-time home buyers have something to cheer about as Budget 2016 proposes to increase the deduction of interest by additional Rs 50,000 each year on Housing loans of Rs 35 lakh and below. However, Experts say that this benefit should have been extended for the entire middle-class.

Right now, Section 80EE in the Tax Act offers the deduction of Rs 1 lakh for any mortgage. This benefit was designed for two assessment years from April 1, 2014, and April 1, 2015. It is recommended to amend this provision to provide another deduction of Rs 50,000, to the home buyers seeking home loans in the financial year 2016- 2017. Means only those will get the advantage whose loan will be sanctioned after 1st April 2016 onwards.

The tax deduction is available for any kind of Housing loan whether for house or flat in group housing society. To get this benefit the home loan approved should not exceed Rs 35 lakh and the requirement for the home should not exceed Rs 50 lakh. Also, the assessee should not own any other residential house property round the date in the sanction of the loan.

Tax professionals condition this will not need to be limited to home loans worth Rs 35 lakh alone but should have been proportionally elevated for individuals. “That may have accomplished good results the entire middle-class, especially people who’ve bought houses in urban centers where purchasers might take Housing loans beginning at Rs 40 lakh so on up to crore,” states tax experts.

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Obtain Maximum Yield on Investment in Property in India

Obtain Maximum Yield on Investment in Property in India 

Expanding your business in North India will let you consider several options in a simultaneous fashion. Special discounts too are offered to you depending upon your situational needs due to which you get to realize more benefits with ease. Several homeowners have been able to take part in the prestigious ventures due to which more benefits are realized in precisely the same way as expected. Multiple offices in lucknow opened for the sophistication of prospective homeowners will help customers in experiencing more benefits in the long run.

Prefer Real Estate Residential Property For Best Investment

Are you looking for the right sources of investment for your future requirements in an effective manner? Property sector offers a lot of promise to you in this regard because of which you get to organize your latest preferences in an exact manner as you anticipate the most. Dealing with multiple needs in this regard will help you in obtaining more benefits with ease. Best real estate residential property for the most affordable price can now be availed without spending anything extra. Checking out the latest classified or ads will let you experience the most advanced deals in an exact manner as you prefer the most.

Tremendous Retail Development For Your Increased Benefits

Concentrating upon the real estate market in an effective manner will let you explore several options without going through any major issues. Maximum investments that you make in the stock market might provide you with the best investment rate, but you cannot gain the desired benefits in an exact manner as you expect. Perhaps, you need to consider your preferences in detail so that the retail development is according to your expectations in a precise fashion. Experienced property developers are known to provide you with the desired benefits in this context.

Experience Retail Property Prospects In Detail For More Quality

Settling for the lackluster deals is never possible in the real estate market as there are numerous options offered by the reputed property agents on a regular basis. Secure your exact preferences with the inclusion of ultimate deals in an exact manner as you expect. Determining the most effective deals to you as per the diverse needs you got too is something that lets you obtain increased benefits in an exact manner as you expect. Checking out your actual needs in detail will let you obtain more benefits without having to go through any retail property acquisition issues.

Prefer Maximum Discounts Upon Ultimate Property Features With Ease

Numerous property developers are known to provide you with the best results due to which you get to come across some of the most extensive deals with ease. Spending less amount upon those properties offering you optimum benefits is what you get to realize eventually. Instead of going through any flat without amenities, it is necessary that you make your choice in a careful manner. Dedicated real estate agents are known to provide you with the best results in this regard in an exact fashion as you expect the most.

Booming Retail Real Estate Market For Your Future Requirements

Make investments into the property segment by pumping in maximum money whenever possible. Stock market is never known to offer you any stability irrespective of your short term or long term income needs. Deciding upon the excellent features offering you increased benefits is what you need to focus upon as far as retail real estate is considered. Informative reviews are available for your extensive needs so that you never come across any terrible deals. Seeking more information from online property agents in case of any dilemma too is possible in an instant manner.

Investment in Property Is Always a Lucrative Investment and Gives Excellent Return On Investment

In today’s world all of us are looking for opportunities for investment in the right kind of real estate in order to reap the benefits of the rising property prices. Besides some of the builder companies are offering excellent return on the investment that their customers make.

There are many options that are available for the investors, like

• The investors can get bank loan and pay in easy installments.
• The investors can go for assured return schemes where they get a fixed assured amount on their investment even before the completion of the project.
• The investors with less money can also invest, as they get time to pay in a number of installments.

The customers are highly benefited by the new era of returns on invested amount. Real estate investments are very profitable and can give fastest benefits as the market price is always on the upward trend. There are many prominent companies which are offering many options to their customers for investment.

Investment Options Are

• Shopping malls in India
• Flats  in high rise buildings for residential purposes
• Commercial complexes made for offices and shops
• Independent floors made for high end customers.
• Retail spaces in malls

It is essential to invest our savings in the right place. All of us know that the most lucrative investment on earth is earth itself. Prominent building companies are coming up with prestigious projects. The quality and style of construction has changed tremendously over the years. International designs and construction standards are being followed by the construction companies. The complexes are designed in such a way as to provide all the modern facilities to their customers. All the multinational companies prefer to have their offices in the modern newly constructed malls and designer commercial complexes.

Benefits of having an office in the modern complexes

• Excellent construction
• High quality material and fittings
• Modern amenities
• New building are made with all safety measures like fire escape, handicap friendly buildings
• Organized and clean environs
• Prestigious addresses
• Ample parking
• Power back up

Many types of new construction projects are coming up in real estate market in India which will fetch excellent prices in the future. One can invest rightly at low prices and enjoy the benefit of the property appreciation later. There are many reliable companies which are working for past many years and are coming up with many different projects for all income groups. There are many types of options in the residential complexes like two bed room flats, three bed room flats, pent houses, independent floors etc. One can choose according to ones requirement. Even as an investment for future rental income there are many options available. Let’s secure the future of our family by making the right investment, now. The question now is to find the options that are available for us and make the choice that suits our requirements.

All investments are based on hope of return on investment, so invest rightly and secure your future.