Top 3 Real Estate Hotspots of India in the year 2015

The inception of new central government in the year 2014 had brought the country’s development on a roll. The Abki baar Modi Sarkar<link> campaign created a much-needed push for every sector of the economy. While India is ready to become the manufacturing hub on one side, the concept of smart city has found its place in everyday conversation, on the other.

One zone that has been showing maximum development signs is Real Estate.

The #RealEstate industry of the country has shown signs of stable growth; in terms of capital appreciation, new launches, and infrastructure developments. In the competition for becoming a renowned smart city, a majority of states are coming up with new projects, renovating infrastructure, etc.

All of these have transformed the sentiments of both developers and end buyers largely.

Year 2015 is expected to elevate the demand and supply further. The factors to support this growth are:

• The risk of inflation has submerged, and the borrowing rates are expected to be lower than the present levels.

This will support potential buyers wanting to take advantage of home loans in order to make the deal. In addition, due to the stability of property prices plus good offers by developers for clearing inventory, apprehensive buyers are becoming optimistic to purchase their dream house.

• The economic activities are slowly rising.

Central Bank has forecast the GDP growth to be 6.5% in financial year 2015-16. The Corporate India has also announced that they will hire more talent to assist in tackling growing business activity. When we add it together, it means an increase in jobs and thus incomes. This in turn is going to be extremely favourable for all commercial and residential real estate markets, irrespective of the zone.

• The real estate segment has seen a re-orientation.

This has made developers largely focus on affordable homes largely. This is expected to go a long way in covering the present wide distance between supply and demand of the affordable homes.

While almost every region of the country has shown signs of development, three cities have emerged as the most promising ones for investment purposes. Let us look into them in some detail.

1. Mumbai

The Financial capital of the country, Mumbai has shown a strong growth by attaining the 11^th position in the year 2015, which was earlier 20^th & 23^rd in 2013 & 2014 respectively. The reasons behind the increasing popularity of Mumbai are:

• Greater income demographics
• Higher investment activity level
• Equal growth in development among all sub markets of the city

For end users looking to buy a house in Mumbai, the average increase in the last quarter of 2014 was around five per cent among all regions when compared with an increase of just one per cent in the earlier quarter. According to Insite, a quarterly real estate report, the new launches, positive consumer sentiments, developers declaring possession of new projects along with a boost in the infrastructure developments has surged the movement.

The three ideal locations for investment in the city are MMR, Thane, & Navi Mumbai. They have shown an increase of 5%, 3%, & 6% respectively in the last two quarters of 2014, & are expected to continue doing so in 2014. Investing in a property in Navi Mumbai can prove to be extremely beneficial in the present time.

2. New Delhi

The capital of India, Delhi has been on the growth radar since beginning of the year 2014. It showed a strong positioning in the real estate market by being on the 14^th position in 2015, which was earlier on 21^st position in the year 2012 & 2013. The factors that led to this surge are:

• Mixed income demographics
• Excellent infrastructure & connectivity
• Great infusion of both retail & commercial spaces

For the investors looking to invest in the city, the fact that there is now a stability in the new government & various key policy announcements have been made in the real estate front at the Centre have created a positive sentiment. According to Insite, this has increased the capital growth by 3% since the last two quarters of the year 2014.

If you are looking to buy a house in Delhi, the three areas that have shown high growth are - Delhi West, Gurgaon & Greater Noida. The percent increase they showed were 5%, 4%, & 4% respectively.

In the present scenario, investing in a property in Delhi West can be seen as beneficial in terms of returns.

3. Bangalore

The Electronic capital of India, Bangalore is popular as the haven of property seekers. New launches & development of the micro markets were on an all-time high last year. This trend continues to grow in 2015 too. Bangalore stood at 17^th position while it was 19^th & 20^th in 2013 & 2014 respectively. The reasons that led to this rise were:

• Most of the micro markets being extremely affordable
• IT sector dominates the city, making it an ideal location for millions of employees
• Continuous infrastructure development

For the property seekers’ wanting to buy a house in Bangalore, the infrastructural growth & increasing economic activity in the city has been the major driver of growth. According to Insite, Bangalore’s real estate market increased at a rate of 5% in the last quarter of 2014; making it come in the list of the top cities to invest in.

For someone looking to buy a house in Bangalore, the three key areas that have shown a constant growth are Bangalore East, Bangalore West, & Bangalore South. The increase percent in the last quarter for these were 7%, 5%, & 5% respectively.

Looking for a property in Bangalore East is good for buyers expecting high future returns.

* The insights are from the PWC report on emerging trends in real estate Asia Pacific 2015.

Factors like new project launches, high infrastructure developments, stable government, & growth of micro markets, etc. have led to the change in sentiments of developers & buyers. This has led to an increased effort to maintain the demand & supply equilibrium. The current surge can be expected to grow further this year.

2015 has announced itself as the year of real estate.

Author Bio: Tripti writes on the behalf of 99acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman & a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time.

Disclaimer: The above article & the insights it provides are based on the author’s analysis based on published reports. Though the information & analysis are perfectly thorough and highly informative, RealT Horizon takes no responsibility for the investment decisions based on the article. Readers are suggested to analyse themselves & invest accordingly.

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World Trade Center (WTC) in Noida - New Gateway of Seamless Opportunities

Noida is emerging as one of most repudiated metropolitan cities like Mumbai, Bangalore, and Gurgaon etc. and becomes the first choice when it comes to choosing destination for new comer professionals and employer to maintain their business reputations. Hundreds of MNCs has already established their base in Noida and growing day by day with the wealth and seamless opportunities present in the environment.

WTC aka IT Business Park located at Noida Sector 16 has multiple offices of different MNC companies and has strength of over thousands of employees working in the day shift as well as in night shift. WTC is mainly New York based company working from since last 55 years. It has offices in over 330 cities i.e. 110 Countries. When it comes to choose the right environments for shaping employees career, nothing would be better than getting placed in such great IT Park and that’s why thousands of new comer or professionals relocate in this high tech society with a dream to get a job in such places.

What are the main attractions of WTC Noida?

Among the multiple benefits of WTC, you can find some most interesting and useful benefits of placed here or to give your business a better place:

• Developers of WTC Noida are offering assured 12% returns to companies every year
• World class facility and modern infrastructure designed by professional architects from around the world
• Office spaces ranging from 350 sq ft to 1000 sq ft is available. No matter how big your employee’s strength is or how much space do your business need, WTC Noida has it already
• 24 Hour Wi-Fi connectivity in every corner of the office and earthquake resistant to make it secure from minor earthquakes. Moreover, 24 Hours power backup and continue fresh water supply is delivered
• Top class security and well trained guards all around the campus premises is placed. That makes you feel like one of the best secure place to work and perform your business meetings

About the Author

Abhay is an enthusiastic writer and regular contributor at a Real Estate blog named Master Plans India.

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Guide to Registering Properties in Delhi

If you are interested in purchasing some properties in Delhi, this guide intends to inform you, how you can register your property to have legal authority over it. It takes you through the process involved in registering a property in Delhi, the city that is home to many large multinational corporations and government offices. This guide will take you through each step of the registration process, so that you can approach it with ease.

Registering Property in Delhi

You need to apply to the Sub Registrar's office of the concerned district in Delhi, in order to register your property. The response time on registration is usually 15 days or a little more, if you proceed using paper documentation. If you wish to use the online registration system recently introduced by the Delhi Government, you will receive a response on the day you file your application itself.

Documents Required

The documents required to register properties in Delhi can be either Sale Deed, a Will, a Conveyance Deed, a Gift Deed or Share Certificates. 

The registration fee for all the documents, except for a will, remains the same, 1 per cent of the total value, with an additional charge of Rs. 100. The registration fee for a will is Rs. 600. The stamp duty differs for each document, and is based on gender.

The Registration Procedure for Sale Deeds

If you have a sale deed, the following steps will guide you on how to go about registering your property:

Details Required

You need to provide the details which will be applicable to your property, such as the date of purchase, the property transfer and inheritance issues, the legal ownership document, the proof of payment of all dues such as water bills and property taxes, and the clearance certificate from the urban land ceiling authorities.

Drafting a Legal Agreement

The next step you have to take, is drafting a legal agreement. This has to be made on a stamp paper, and you have to make an advance payment to the vendor. Make sure you mention a time period for the registration.

Completion of Registration

A property registration attorney will prepare the document, and the final deed will be printed with stamp duty certificates.

The final step involves the stamping, execution and registration of the document at the sub registrar's office. For this step, you need to be present at the office with the buyer and two witnesses. You will also need your identification documents for completing this step.

Once this is completed, the documents will be handed over to you in 30 minutes, after the submission of the payment receipt.

Online Registration in Delhi

You can register your properties in Delhi quickly, by using the online registration portal that ensures transparency in the process.

Your registration will be completed on the day you file an application.

Filing an Application

To file an application, you must have a pre-fixed appointment online or over the phone. This is so that you receive a unique appointment number, date and time to approach the sub registrar’s office. You can reach out to the appointed officials online, through the resource department website and receive your documents on the same day.

You can register 32 different property document types at the sub-registrar office. The office will have the details about your registration process, along with the forms required and the document set you need to provide. You can use the online calculator provided to determine the stamp duty based on the details you provide. You can purchase e-stamp paper, once the stamp duty is calculated.

Verification Process

Once you complete this, you can head to the sub-registrar's office, where your application is checked. Then, someone will direct you to the correct representative. You have to enter with an electronic access card, after which your documents and identity will be verified. You need to clear this step in order to appear in front of the sub registrar.

Completion of Registration

You will receive your registration documents in the evening, between 4-6 pm. This process makes the registration of property in Delhi much more user friendly, easy and transparent.

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