Category: flats in kolkata

Real Estate In Torment Is Terrible News For Cement Companies

ET Intelligence Group: The administration’s demonetisation drive has influenced bond organizations seriously as they depend a ton on the land segment, which is enduring the worst part of this activity. Examiners have cut the profit per share (EPS) appraisals of concrete organizations for the following two fiscals somewhere around 10 and 20%.

The yearly volumes development of the bond business is pared to 5-6% in the following three years, contrasted and 8-9% prior – in FY16, the aggregate concrete consumpt was near 278 MT. Given these elements, concrete stocks are probably going to fall further and more minimizations are normal.

In the previous couple of years however, Cement Companies had gotten the favor of financial specialists as it was trusted that use levels would go up to 90% by 2020 from 69% at present. It was assessed that concrete organizations would record unrivaled working edges as found in the last upcycle amid 2004-2009.

In addition, increment in framework spending, no critical limit development and the capacity of these organizations to keep up and increment costs in many areas, aside from east India, enhanced their valuations. Prior to the late adjustment, concrete firms were exchanging at a 15-year high EVEBITDA.

cement

Be that as it may, now with the administration’s choice to get rid of high-designated money takes note of, the interest for lodging is probably going to take a hit as developers gaze at a money crunch. Furthermore, the administration’s foundation activities aren’t sufficient to refute the conceivable lull in the area.

This is on the grounds that the administration upheld ventures – streets, water system and railroads – devour just 6% of the aggregate concrete produced.What’s more terrible, this comes when info expenses are ascending as pet coke and coal costs are rising.

Remote financier Credit Suisse has cut its EPS projections for UltraTechBSE – 0.77 %, Ambuja and ACCBSE – 0.23 % by 1627% for FY18, which has prompted to a bringing down of their objective cost in the scope of 7-20% for these organizations.So, for buying any property in Kolkata ask any related question on post your property requirement in Kolkata and get free advice visit Liyans.com.

-By LNN (Liyans News Network)

Notified Real Estate Rule – What’s The Purpose?

On 31st October, 2016 Real estate Regulatory Act was introduced and notified as well in the Union Territories of India according to the requirements. Should it the cause of buyers’ delights? Will the notification be able to bring much needed brusque in the existing brokerage practice? Notifying RERA rules is a somewhat simple process where the administrative body can draft and these inclusions will be signed off by the cabinet ministers.
Real estate market is hopeful with this implementation. A proper storage of these rules can deliver a model to be stalked in the coming days for prospective outcome in real estate services. Using this source Indian states can draft their regulations and norms on the same context. States are offered restricted yet special powers for changing these rules as per their requirement. These model rules are favorable towards state –level policy-making. Within April 2017 states have to incorporate their RERA rules notification.
downloadThe regulatory authority will act like back-up for the consumer’s behalf and will clear up the pending cases within 2 months and accordingly they will take legitimate actions against erring construction company or the builder. But before commencing the process one should be well aware of the details of the notification, released by the Ministry of Housing and Urban
Poverty Alleviation i.e.-
• If you buy a project you will be able to review exactly how much habitable area you will get.
• Have apt information about the covered and uncovered parking space in the construction.
• Make sure the amount you invest is being used solely for the project purpose.
• As per the RERA, all enduring projects which are not yet handed over to clients will be under the comprehension of the regulation.
• Previously made promises should not deviate during the time of selling by the builders.
• According to the new amendment developers should update about the project’s development to their consumers on a quarterly basis.
• Do your registration abiding by the RERA norms. Govt. has reduced registration fees in individual states. As per the recent update- the fee has been reduced to Rs.5 per sq.mt for up to 1,000 sq.mt area and Rs.10 per sq.mt beyond this limit subject to a maximum of Rs.5.00 lacs per project. For commercial and mixed development projects, it will be Rs.10 and Rs.15 per sq.mt subject to a maximum of Rs.7.00 lacs. For commercial projects, it will be Rs.20 and Rs.25 subject to a cap of Rs.10 lacs per project. For plotted development, it is Rs.5 per sq.mt with a ceiling of Rs.2.00 lacs.

Once the regulatory authorities are in place, consumers can approach the authority which has to set out of the case in 60 days. Under the policy, Real Estate Authorities and Appellate Tribunals shall marshal of complaints within these period.
Kolkata real estate market is expectant from the realization of these norms and regulations in the current market as they expect this will do an affirmative response in the residential property sale in Kolkata. This will shut every deception in the real estate business of current time.

– By LNN ( Liyans News Network)

No Gold, No Mutual Fund, Invest In Property In This Festive Season

This Diwali real estate market of Kolkata brings excellent opportunities of investment for the property buyers. Like the other prime investment sectors real estate items are also equally vital and favorable possessions. Basically real estate investment is done for cropping higher resale value or better rental return. Nevertheless every year during this auspicious occasion real estate market has decked-up with attractive offerings and heavy concessions to attract modern day property buyers. The entire property market waits for this festive season for market upsurge. Here are few reasons why you should invest in real estate sector in this Diwali-

1. Offers! Offers and Offers– India is a country of rituals and customs. Most people consider this festive season as a propitious period for any prior and heavy-weighted investments. Diwali is the festival of brightness and prosperity. Developers promote their existing and inventory properties with eye-popping offers and well-packaged discounts. This year also market is flooded with such discounts such as – lucky draws, gold coins, TV, AC, Fridge, kitchen appliances and even abroad holiday packages. For example- a Noida based construction company is offering Rs 50,000 to 1.25 lakhs cash coupons, lucky draws to win microwave, microwave washing machine, refrigerator etc. Apart from these material offers builders also provide heavy concession on registration fee and stamp duties.

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2.Company offerings– Indian companies generally give away bonus to their employees and mid-year appraisal during October. Most people use this excess amount to mount up their down payment or even clear up their ongoing EMI of house loans. With the declaration of yearly fiscal budget, the tax release statement for the general category for individual tax payers was raised from 2-2.5 lakhs. Accordingly bank and financial organizations raised the exemption limits of home loan interest from 1.5 to 2 lakhs.

3.Lower interest rate– Banks and financial organizations offer low interest on home loans to boost up real estate sale. To support home buying this year RBI has reduced interest rates to a four-year low to motivate the property buyers. This initiative is likely to have impact on the existing EMI rates of home loans. Market experts suggest that this move of RBI will deduct the EMI of a home loan borrower by 8-10%

4.New property launch– Festive season feels incomplete without exhibition of new launched properties. Builders move up with new constructions to capitalize the increased market demand. This is the hopeful season for the property market to recover from the earlier selling sloths. This year with the announcement of affordable housing 2022 scheme by the central government builders are targeting lower and mid-income group home buyers to stretch their footsteps into real estate investment. Besides fat discounts on registration charge and stamp duties might act like trump cards for the builders to bring in more inflow to make progress in market slowdown.

There are plenty type of properties around every corner of Kolkata’s real estate market to satisfy every class of buyer. If you have fascination for north Kolkata, choose an ideal Flats in North Kolkata as per your requisite.

Finally A Green Signal For Kolkata’s Monorail Project

The major idea has come into the news once again after almost a decade of its commencement. Burn Standard had submitted this proposal of monorail implementation almost 12 years ago. Central Govt. has finally made the plans performing to inaugurate city’s first ever monorail. With the progress of the project it’s being said that within 2020 passengers will be able to utilize this transportation services fully. Initially mono rail will run from Budge Budge in South 24 Parganas to Ruby on E M Bypass. Yesterday it has been officially approved by the state industry promotion and development board.
State Govt. organized a press met on Wednesday at Nabanna regarding this issue where the honorable chief minister Smt. Mamata Banerjee told the reporters,- ‘’The state transport department will sign a MoU with Burn Standard company very soon. The firm will bear the project cost – around 4216 crore- while the state government will provide the land and give all infrastructural support’’.

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The Board for Industrial and Financial Reconstruction (BIFR) referred Burn Standard company in November 1994. The company nullified this project as they considered it to be sick project in the year 1995, but now the company is all set to restore the project. ‘’ Burn Standard was under the ministry of heavy industries. But I brought it under the railways ministry when I was the railway minister,’’ Mamata stated. On the other hand Burn Standard CMD Md. Asad Alam said, “We are preparing a detailed project report. We will submit the report two weeks after the MoU is signed with the transport department.’’ Regarding the cost of the project he said, ‘’ Fund will never be a problem. Most of it will come in the form of FDI and we are negotiating with various companies and agencies. I cannot comment on the details but we are getting positive response. We hope to start the project by March of next year. It will take another three years to complete the project’.
Transport department officials are expecting monorail services along with the Batanagar- Jinjira flyover will decrease traffic jam on one of the main busy streets in the city. This is about the Budge Budge trunk road which remains always crammed by unruly bulk traffic. Since decade people have been facing this issue as a daily dose of torment. Particularly this route effectively needs an alternative transport way. Transport officials are really optimistic with this project; they are expectant with this implementation will bring positive changes to regular transport. Real estate market of Kolkata is anticipating too some excess sale in flats in Kolkata with this latest infrastructural connectivity.
The Left Govt. had planned for the same in the year 2004 but unfortunately the fruit never got ripen over the years. The project finally was brought into the right track during Mamata Banerjee’s Singapore tour in 2014.

By LNN (Liyans News Network)

Pre-Festive Purchase Spree On In The Capital

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It’s been almost two years while the property market of Delhi hasn’t seen any remarkable improvement. As a capital city it was expected that people would show some positive outlay in the real estate segment in this festive season this year. But monitoring the market growth of past couple of years there was no surety in this entire surmise. But to everyone’s true surprise the capital this year has started showing positive lights and inflow before the festive of lights. CREDAI claimed that the upsurge is currently on a revival mode.

In Gurgaon around 2015 there was 10-15% upswing in the property market. 1St October onwards expectedly there will be further upturn. Specifically Noida and Greater Noida have topped the list with 20-25% greater sales figures than projected followed by the city Gaziabad. The recent development has made the builders to offer lucrative discounts against the on-hand assets to push-up the sale volume in a bigger way. For the first time homebuyers developers are even are coming up with great renditions like- heavy discounts on service tax and stamp duties, car parking fee, electric meter charges and several other such propositions. On an average it’s can be said homebuyers will have 8-24 lacs benefit range in terms of earning profit.

It is also seen that a large number of projects are on a finishing stage to be a part of this selling competition. All these projects are targeted to the improvement of mid-ranged market. Experts have said that the bulk sale is likely to come from the apartment priced under 50 lacs. Comparing with Gurgaon Noida and Greater Noida will have some assured gain in property business as Gurgaon is still stuck in between the infrastructure and the settlement issues. It is expected that real estate market in Kolkata might rake in money with the selling of Affordable flats in Kolkata.

Nevertheless where one portion of the market is about to recover another segment of buyers who have already done their investment already are still waiting for the final delivery. Renowned builders like Jaypee and Unitech have kept buyers on hold since close to 8 years, other companies builders are also running late by 3-7 years. Therefore it’s always wise to invest in the ready to move apartments.

_ By LNN (Liyans News Network)