Indian real estate | Kolkata Real Estate | Kolkata Property

Real Estate is All About Buying and Selling and Sometimes Vice Versa

Like any other business deal real estate business runs by continuous buying and selling. In real estate business you can buy/sell properties in personal or you might take any advanced help like going to a realtor or listing property under property portal. Either buying or selling properties you will have to stick to your property buying/selling decision which will bring your biggest investment the most successful one.For real estate buying and selling business you need to have a professional knowledge of the latest market trend and buyers’ investment sentiment.

For instance– To buy properties in Rajarhat you will definitely look around the same ranged properties with better offerings, similarly in case you are a developer and have on hand flats in Rajarhat area before listing your property you should have a clear conception of same ranged properties of the same area. Here are the other aspects on which a real estate investment of buying and selling could be actually beneficial for you-

Hiring an expert– For any professional real estate investor buying/selling commercial/residential properties is not the same as it’s for the regular homebuyers. They have a better knowledge of the financial market as they are professionally practiced with the same process several times as a part of their business. Any kind of property purchase is a huge investment of sum, no matter if you are going to use it for your own or use it as a money-making tool. Thus we suggest, for buying/selling property a professional realtor’s help is the primary need.

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Asses the market before investment– Before putting your savings at risk with a home-loan bearing, assess well if the property is really worth of, as it will block fat down payments for long run. Have a thorough look at the future valuation of the property based on local area, neighborhood and infrastructure nearby, so that in case you will have to sell the property it will get you a healthy return than your investment. For commercial real estate investment this assessment is a must need as these aspects have major roles in your business development. But sometimes property price get a downfall with the times. Thus predicting future market is a little tricky task in itself.

Be practical when it comes to sell– Again knowing the market situation has solid influence in selling your property. Rather than quoting any abrupt amount have a check at the area based resale values. It’s always important to have an item which would interest buyers. Only area based comparative price won’t earn any favor for you without having an enticing property. Thus, being attractive with your proposition is necessary in this field.
Listing with property portals– Mostly property sellers are now seen listing their properties under reputed property portals for selling. To save the marketing cost of a real estate agent this is undoubtedly a cleaver move. But here also use recent and original picture of your property, highlighting the specialty of your property, and you should have a knowledge of texture of the resale market as well.

-By LNN (Liyans News Network)

Country’s ‘Ease Of Doing Business’ Rankings Hit By Construction Delay

Indian economy is slowly getting back on the line with a fair ascend in the capital graph across the major cities. Reportedly Central government has come up with various kind of dynamism in order to rectify the process, wistfully there has been no positive response in India’s ranking in ‘ease of doing business’- declared by the World Bank in latest report. Specifically the existing civic administration and lagging process of real estate development approval can be spotted as unfavorable aspects behind the static condition. Here we shall probe how this delay is impacting ease of doing business.

Complex approval process–

There’s an existing ponderous approval system which has 3 lengthy stages involved i.e.- pre construction, in- construction, post-construction approvals-
 Pre-construction– This is the phase when builders seek approvals for the site and construction lay-out, building permit from the civic bodies, archeological and environmental clearance, road access sanctions, civil aviation, fire and ground water authority
 In-construction approvals contain pollution clearance and power infrastructure clearance
 Post-construction is clearing building completion approval, possession certificate barring service plan and service connection permit

Single Window Clearance–

For accelerate the approval process the sector has a major need of single window clearance process for simplifying the approval gateway. However, the Union Urban Development Minister has announced that a new system will be set up for speeding up the real estate construction sector project approval process under which all projects will be sanctioned within two months from the time of application.

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India has been receiving foreign fund assistance from the tie ups with Korea, Japan and Cyprus. As per the latest report on EODB by World Bank titled ‘Doing Business 2017: Equal Opportunity for All’ India holds the rank of 130th among 190 other countries. This year a lot of improvement has been seen in the electricity connectivity where as the major whiner is the real estate property registrations and construction permits for drop rankings. Construction permit ranking this year is 185th.
According to the current infrastructure despite of the existing GST bill the tax structure is still very fragile. However the bill is partially in action there has to be major modification implemented in the entire construction business and registering properties in India. After the execution of ‘Insolvency and Bankruptcy Code’ India should witness substantial rise in the rankings expected. Adding on every Indian state is working on notifying RERA rules and formation of property civic body based on which this sector will get relieved from complex approval policy and obtain a single window clearance system approval policy that it had been looking for a long time. Now 162 days have been limited for a construction permit. Adding on in a recent report of HUPA it’s revealed the urban local bodies will be given more authorities in terms of enabling the single window clearance system.

Search leading property portal www.liyans.com for purchasing flats in Rajarhat area. The extended portal of city Kolkata where there are various residential properties based on the budget of individual homebuyers. Get your property delivered on the exact day that it was promised to be delivered.

By LNN (Liyans News Network)

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)

Should We Invest In Real Estate During This Festive Season?

Mostly homebuyers in Kolkata wait for the festive season to start for availing the residential property sale in Kolkata where they could get the attractive discounts like- heavy concessions, free maintenance for certain period of time, free parking lot allocation, weighty discounts on registration and stamp duties. Same as your daily using components property market has also some specific sale seasons where to attract homebuyers and to push the property market real estate construction companies offer alluring discounts on property items. There are mostly three basic cycles in real estate sale –

1. Price upsurge

2. Price fall

3. Neutral market

4. Then rise again.

Therefore before buying property one should always consider the ongoing state of property market more than anything else.

Right timing has a very important role in property venture – Price of the real estate items has been an eternal reason to worry for the property investors. People have a common inclination of buying property when the prices are eventually slashed. Nevertheless the right property market has an essential role in the real estate investment. Being tech savvy these days people are finalizing their property investments online. Using inventory features like post your property requirement in Kolkata people are getting free online guidance related to the real estate market and their property investments. Experts suggest the earlier you invest in residential items you would enjoy lower financial burden for the long run.

Many commercial real estate investors spend a reasonable amount for monitoring the property market in order to perform the correct real estate investment to gain the maximum resale benefits. A good market analyzer always consider the future prospect of the property market of their probable invest zone. For instance if today if you put your money on properties of suburban areas of Kolkata , after few years the same property will be priced around 4 times than that of the time of investment because of the gradually improving infrastructure of that specific area.

Speaking about the special seasons developers sell both the on hand and existing inventory properties among which investment in the new-launched is the better profitable investment option. As an individual owner property selling has mostly come out of some financial crisis. For property selling one should always consider the open market valuation before confirming the concluding selling price.

Key facts establish the market augmentation – These factors regulate the demand and supply chain in the real estate market. Infrastructural development like transport, retail, environment, educational and medical habitation has crucial role in locality oriented real estate business boom. Therefore in the current scenario homebuyers should have to be enough knowledgeable about this existing factors that straight way impact on the real estate market. It’s always advisable before the property purchase one should consider the property graph of at least past 2 years or so. On the same note builders should have to be transparent enough with all their offerings, discounts and communication with the buyers and hand over the property in the scheduled date promised earlier during the time of registration. Thus it’s necessary for all the homebuyers to know about the property cycle minutely before entering to an active investment zone.

By LNN (Liyans News Network)

RBI Reduces REPO Rate. How Much Will You Stock Against Home Loan?

On 4^th of October RBI cuts the REPO rate by 0.25%, but the bank has chosen to keep the CRR rate same as the previous years. Previously the REPO rate was 6.50% now it has been changed to 6.25%. This entire modification is done keeping in mind the inflation data and the slow growth rate. How the banks act in response when they will have to cut off their lending rates is yet to be seen.

Starting from month of January of the previous year RBI has slashed the REPO rate by 1.50%, accordingly banks reduced their lending rates by 0.5% approximately. Speaking about the definition REPO rate is a rate of interest at which banks borrow capital from RBI, whereas CRR is basic amount of capital or gold asset which Banks have to park mandatorily with RBI. With both these tools RBI controls entire Indian money market. On the basis of the economical situation of the capital market RBI utilizes its ultimate power of injecting and squeezing to control the liquidity in Indian economical market.

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After-effects on home loan borrowers

The current reduction of 0.25% in REPO rate may be at the no harm no foul state going by the current money market, but if it goes on falling over a period then banks will have to no other choice rather than passing on the benefits, the end shock could be vast. Each bank stores large amount of savings in the interest for long-term value.

With the reducing lending rate borrowers will gain on their existing home loans. On a home loan of 40 lacs for 15 years at 9.5% interest the entire interest load can be lessen by close to 1 lac in the year, if the lending rate again falls by 0.25% then also the profitable amount will be around the aforementioned. Here’s the chart on how much you can save on some home loan amounts-

Impact of rate cut: How much one can save in interest (for a 15-year loan tenure)

Loan Amount	EMI @ 9.5%	EMI @ 9.25%	EMI Saved(RS)	Interest Saved(RS)
Rs 25 lacs	26,105	25,730	-375	67,645
Rs 50 lacs	52,211	51,460	-751	1,35,291
Rs 75 lacs	78317	77189	-1128	2,03,000

Monitoring from bank’s perspective

Every single loan with elastic interest rate counting home loans, borrowed after 1^st April 2016 will be connected with the banks’ marginal cost of funds based lending rate (MCLR), before this period those were part of banks’ base rate. People who borrowed the loan before April will get only one chance to switch to the MCLR rates. Presently one year MCLR is about 9-9.5% for most of the banks.

ICICI Bank’s 1-Year MCLR is currently (of use October 1, 2016) at 9.05 per cent, while home loans are offered at 9.35 per cent (9.3 per cent for women borrowers). State Bank of India’s MCLR is at 9.05 per cent, while home loan rate is 9.3 per cent (9.25 per cent for women borrowers). Interestingly, 1-Year MCLR for ICICI and SBI on 1st April was 9.20 percent. After that, it has come down by 0.15 percent. MCLR linked home loans are either set every 6 months or a year after.

New home loan takers it’s the ideal time to bargain with the construction company any invest in newly built flats in Kolkata

EMI per lac at different interest rate

Tenure	9.5	9.4	9.3	9.25
180 months	1044	1038	1032	1029
240 months	932	926	919	916
360 months	841	834	826	823

In the table above: a home loan amount of Rs 36 lac at 9.25 per cent for 15 years, the EMI will be (1029 * 36 lac) / 100000 = 37,044 calculated.

A borrower can choose among these options before borrowing home loan

Reduce EMI
Reduce tenure
Transfer loan to another lender

But in each of the cases he will have to keep a track on the total interest saved. If the ongoing loan is about to end the impact of rate change may affect much.

By LNN (Liyans News Network)