Affordable flats in kolkata | 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)

Indian Govt. Is Persuading Affordable Housing Curriculum Dynamically

First half of 2016 has been the witness of initiation of affordable housing double in volume. There’s lot been happening to curtail the syndicate operation in the metros of India, majorly related to the supply of building materials of real estate. The average cement price during this February was Rs. 292/bag, after March it’s going to get a hike of at least 5-6% per bag. Whereas constant demand of affordable housing and Govt.’s avidity has lead to a near doubling of launches in this section in the first half of 2016. According to the Cushman & Wakefield report in comparison to the previous years the first half of this year has been revolutionary for the development of affordable housing, home for every economic class. The number of newly developed projects has increased by 100% on year to 17000 units across the prior property markets of Delhi, Mumbai, Pune, Bangalore, Kolkata, Chennai, Ahmadabad and Hyderabad during this period. The booming of affordable flats in Kolkata has greater potential than that of the other cities, for the low cost of living, expected by the real estate gurus.

Urbanization also plays an important role in this progression of demand. Accordingly the real estate market of India about to reform according to the current market situation and expectancy of the homebuyers. It’s an alluring fact for the suburban inhabitants and also middle income group people to get a chance to reside in a broad-based city. ‘Tata value homes’- an initiative from Tata Company has already presented more than 2500 units affordable housing in Mumbai, Talegaon, NCR, Bangalore and Chennai in the last 6 months. What could be more lucrative for the homebuyers when they are getting affordable homes in a city approved by highly acclaimed companies like Tata? Going by the reports- the augmentation of launching affordable flats in India are being endorsed by a steady and constant demand in the major cities like – Bangalore, Delhi NCR and Mumbai. This project throws light on a vital segment which has been overlooked for a long time and it’s now growing steadily due to an undying demand. This movement will surely give big blow not only on real estate sell but also on Indian economy. Demand for affordable homes has flourished after the Govt. has declared first time homebuyers supplementary inference on calculating tax liability.

As we all know this move is a part of HUPA’s ‘Housing for All by 2022’ vision which allows first-time homebuyers bonus deduction of Rs. 50000 paid for loan amount less than Rs. 35 lacs and for an asset value less than 50 lacs. As an outcome developers are receptive towards potential market demand. Therefore focusing on the quality and delivery time of the construction comes as an inevitable strategy from the builders’ corner. Tata Housing has been the bystander of the increment in home purchase and the organization is hopeful to see more of it in this coming festive season. In response to the recent development total launches augmented 17% from a year ago to 60,000 apartments, mid-ranged housing has 36,267 launches this year. The average ticket size for new launches was recorded at 31 lacs, 16% down from a year ago.

Source– LNN (Liyans News Network)

Work Smart, Invest Smarter, Live Smartest

Purchasing home is no more an extravagance. You burn your fat and fatigue to earn and save money to secure your family. Investing in a ‘smart home’ is a key venture to ensure having an intelligent lifestyle throughout. If you think the ‘smart home’ concept is nothing but another advertising strategy of builders and other real estate agents’ to level up their sales and cost of upcoming residential projects then you must have a clear perception about the definition of ‘smart home’. If this is another trick to hike property price then how far this would be fruitful in Kolkata’s real estate market we have to rethink about it. As per the latest Govt. rule there should be more affordable flats in Kolkata within 2022 to provide home to every income group. Now will the ‘smart home’ facilities come within budget or this project has predestined elite consumer group let’s spill beans about that.

What are being offered as ‘smart homes’?
A smart home is well connected with micro fiber networking (i.e.- Wi-Fi, Bluetooth or similar protocols) for controlling, automating and improving important functions like temperature, lighting, security, safety an entertainment operated by smartphone, tab, computer or a separate system in home itself. Speaking barely a smart home is an asset which would have a smart security, temperature sensitive feature with super fast internet connectivity. At least two of these smart options like- advance appliances, entertainment, lighting, outdoor sensor and safety detector should be there in the offerings of a smart home. Recently the leading tech blogging American company CNET.com has uploaded news and views about smart homes and their uniqueness.

Features to invest for–
1. Higher security level for monitoring your home when you are out of station.
2. Lower power consuming appliances to save electricity with better connectivity.
3. 24*7 Internet connectivity for maintaining safety and monitoring daily lifestyle.
4. Better comfort level with sharp communication technology that foresees your needs and likes.
5. Smart meters, Motion detector, Heat sensors, Timers and Automatic locks.
More power to technology- Smart homes with advanced communication technology can be called ‘home-online’. Imagine your electricity bill is digitally regulated by you. The technology will have account of your usage. Matter doesn’t end here if you forget switching off any power consuming electrical appliance while living home; it will automatically give you notification on your smartphone.

Home security has alarming importance in our lives. Smart home has the most secured solution to it. It’s not magic, again with command of technology you can look into your home when you are not around. When home security meets home automation then again your phone vibrates to protect your asset.
Now reading this article people might be thinking these facilities have no connection with affordability. These are homes which are shown in the silver screen. Many of you are planning to incorporate these facilities in their existing properties. As per ( Liyans News Network) Indian Govt. has already have started rolling the balls with this project in Kochi, Pune and Haryna. We are expecting to watch a gala showcase of these automated properties soon.

Source- LNN (Liyans News Network)

High pricing causes a big dent in the selling quotient, flats remain unused in Chennai

A residential project which was constructed in 1996 by Tamilnadu Housing Board, according to the local real estate agents, requesting annoymity of Tamilnadu, is standing still without residents inside. This area is a covered by creepy entwined floras and paradise for insects and reptiles; before getting any paranormal idea from the mossy frame let’s disclose the original truths behind it- according to the local sources this building which was built for a police station has been the content of shadows for past 20 years, this is due to abnormal pricing during those years when the market rate was approx 2 lakhs per ground. This particular building and many other buildings constructed by Tamilnadu Housing Board (TNHB) was coded with immoderate base amount; as a result the local gram panchayat failed to take over those buildings miserably. The current market rate of the same property is 50 times more than the earlier rate. If we go through the TNHB projects- a police station, a huge library, a community hall, a fire station, few ration shops and six acres of land sanctioned for bus terminus have been unclaimed due to unusual pricing.
According to the retired officials storming land prices, the state Govt. of Tamilnadu is using its agencies to seize lands. TNHB and the Govt. by extension is somehow deviated from their prime purpose which providing the lower and middle earning inhabitants affordable residential apartments. Besides the holding-back attitude in delivering the properties and sly changes in their terms and conditions took these projects under water. Obviously TNHB is not ready to accept these allegations and the secretary of the state housing and urban development Mr. Dharmendra Pratap Yadav stated,’’ TNHB had never received any land for free of cost, not even from the state Govt. Again if the land is meant for some other purpose and used for some other, can’t be done without CMDA’s assent.’’ Ayapakkam Gram Panchayat officials contended 23 acres land, which was supposed to be taken for constructing educational institutions but was utilized for housing board without CMDA’s approval. Near about 660 plots have come up on this 23 acre property. Former CMDA officials indicate that TNHB has a track record of evading the planning authority consent, as a provision in the Housing Board Act set them aside to do so. As per the statement of a retired CMDA official, ‘’ TNHB alter land plans with state Govt. assent. By using some tricky shortcut methods TNHB changed the land rule as per their requirement.
Kolkata is also a metro city like Chennai, but if you notice the indicator of selling flats in Kolkata, the graph remains always static due to the small cost of living and the availability of affordable flats in Kolkata in comparison to the other four major cities in India. Till date you can find projects starting from 10/12 lakhs which is kind of a rare offering in itself. As a result the count of forsaken projects is really low in Kolkata.