Localities in Faridabad that Offer Affordable Place on Rent

Faridabad, the largest city of Haryana, is one of the most favored destinations among the home seekers. Also, the proximity to the city to Delhi, Gurgaon and Greater Noida, and affordable rentals make Faridabad a favorite residential destination among the working professionals.

If you are all set to move and reside in Faridabad, here are top five affordable localities where you can look for a rental apartment for yourself.

New Industrial Town

New Industrial Town or NIT is located close to Delhi, Gurgaon, and Old Faridabad, and thus, it is a preferred choice of those who have a daily up and down schedule to these places. Also, NIT is very close to Ballabgarh Railway Station. The commutation facilities from this vicinity to other Delhi NCR regions is truly impressive. Above all, those looking for an affordable rental flat in Faridabad, the NIT locality meets their demand perfectly.

Green Valley

Green Valley is another area of Faridabad that offers budget-friendly apartments for rent. Its excellent connectivity to South Delhi makes it the first choice of those with a job, business or educational institution in that area. This upmarket area is packed with all the essential facilities, with the Crown Mall and Big Bazaar being the popular landmarks of the vicinity.

Sector 27

Labeling the Sector 27 of Faridabad as the child-friendly locality won’t be untrue. The vicinity has prominent schools, day care centers, gardens, amusement parks, etc. So, if you have children at your place and an affordable flat on rent in Faridabad is what you are looking for, Sector 27 is a haven for you.

Dayal Basti

This locality is evolving as a great dwelling option. Apart from basic infrastructure, the area is also popular for the National Museum and Tughlaqabad Fort Complex. Many consider staying at this locality because of affordable rental and its proximity to NIT locality, Ballabgarh Railway Station and Old Faridabad.

Surajkund

Primarily the industrial belt of Faridabad, Surajkund is now emerging to be a hot residential option.  This is because of the various factors such as reasonable rent of the residences, strategic location, connectivity with Delhi and Gurgaon via Gurgaon-Faridabad and Mehrauli - Badarpur Road.

Nehrapur

Many believe that this one locality is growing at a rate faster than that of any other region. The ongoing work of Kundli-Manesar-Palwal Expressway, which will connect Nehrapur with Gurgaon and Delhi directly, is attracting a large number of residential builders to the locality. Also, many residential apartments are on the verge of completion in various sectors falling under Nehrapur such as sector 81, 82, 85, 75, 76.

Conclusive Remark: It seems like Faridabad will soon emerge as the next Noida or Gurgaon. With a lot of lucrative and affordable rental apartments, Faridabad is improving its overall look for the home seekers.

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Real Estate Sector receives a boost during Diwali

Festive season are always the best to shop, sell and do any kind of deals that you want because everybody is in a jolly mood and everybody wishes to spread happiness and peace in the society. Moreover according to some people that believe in the stars and moon positions, the time during Diwali is very auspicious and the star, sun and moon positions are appropriate for making any kind of deal. In Diwali there is one day dedicated wholly to any and every kind of monetary and financial deal called as the dhanatrayodashi meaning the day to worship goddess Lakshmi who is the goddess of money.

On this day people consider it very auspicious and lucky to have done any kind of monetary or financial deal and hence people are more willing to buy properties or give their properties to someone on these days. there are various offers that the property sellers, the real estate agents and the developers of the property put up on their project in regards to the festive season and so that their sales are doubled. It is said that in the festive season there is a decrease in the prices of houses and hence people browse for properties to buy at this time. There are various people who wait till this time to purchase their own home because they know that the prices will decrease. This has been happening for the past two to three years and hence people are anticipating a price fall in this year too.

As the prices of the properties are going down and there is no substantial development in the prices of new projects and properties that the builders have decided to launch, they are planning on various new offers and plans that can give the best to their customers. The sellers have realized that there is no more the age of manipulating people but you have to keep a very nice and clean record with them and always keep a good image of yours in front of them. This will help them to choose you when your properties are out and also some well-known builder’s properties are out. The builders and the buyers actually wait for this festive season anticipating that the prices will rise and the prices will decrease respectively.

Everyone has a different take on this as the builders sees the industry and this season differently while the buyer and the customer sees this season differently. The best way to be correct about the rise of the fall is to research for you, read few things, watch few interviews and informative stories and then anticipate the rise of the fall. You have to have knowledge in the field to know if you are right or wrong and what better ways to gain knowledge than to see the news and read up comments and views of the professional real estate industrialist.

The reason for this is that if tomorrow you decide to look for flats  in Bangalore to buy and you are actually anticipating a price fall in the city during the Diwali time, but if that doesn’t happen then all your pain and efforts will be washed away in vain. Hence it is always better to be sure by searching and researching and doing a lot of ground work before you take any decision. One simply cannot go and buy a property. Wait for some time, see if there is going to be a rise or fall and then decide where do you want to buy a property and when.

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The Most Expensive Real Estate Markets in the World!

Best locations to buy a Home in India in 2015

Oh! Looks like you are thinking of buying a home. Why not think of buying a home in the most sorted locations in India in 2015? Well then grab that steaming cup of coffee, pull your bean bag and relax. We have an assorted list for you.

1) How about settling in the city that never sleeps? Yes! Mumbai

Localities like Ulwe and Chembur in Mumbai are one of those fashionable residential destinations, which have a lot on offer. Apart from great projects and great lifestyle, they assure great return on investment too.

2) What about the national capital- Delhi?

In Delhi, Noida Extension, Delhi-NCR and Dwarka Expressway, Delhi-NCR have an edge over other emerging destinations as they cherish proximity to both the city and the International Airport. These destinations are also foreseeing noticeable price appreciation in the years to come.

3) Oh! How could we forget Pune – The Oxford of the East?

Pune's prominent localities like Hinjewadi, Aundh, Kodhwa and Kharadi in Pune are dotting commendable rise in residential development. A home to prestigious projects, these locations are developing at a fast pace.

4) What's more from the biryani land- Hyderabad?

Forget the biryani and a peculiar lingo, Hyderabad too holds the stage as one of the most economical cities for one to reside. The places like Hi-Tech City, Manikonda, Kukatpally are indeed dream destinations to buy a home.

5) Not to miss- Namma Bengaluru!

Growing with an unmatchable pace, Bengaluru is a popular residential destination. Locations like Whitefield, Rammurthi Nagar, Bannerghatta Road and Marathahali stand as apt locales for residing.

Shortlist your favourite! We hope there is a house warming ceremony soon. Happy Browsing!

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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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Home Buyers’ Guide: Tips To ‘Nail Down’ Your Home Loan & Avoid Rejections

Nothing can be more frustrating that your application for home loan getting rejected. Your dreams shatter and your hope nose-dives into the deep pit of failure. However, nothing is destined or a yield of your bad fate. Applying for a home loan and getting it sanctioned from the bank requires meticulous approach. Indian realty market is flourishing with increased FDI inflows and a number of cities with an amazing infrastructural make over. Therefore, you must now follow a strategy and lay emphasis on certain pointers so that you opt for a right home loan and that too successfully.

Here are few points that can help you to nail down your home loan successfully:

1. Maintain a Healthy Employment Status

Before deciding to go for a home loan, you must be assured that your employment status is stable and healthy. There can be lay-offs, on-bench projects being turned off or anything bad related to your job. Therefore, you have to feel the situation around you and then use your senses to make sure that the job is safe and secured. There are loans that are offered to people not in job but for home loan, the bank has to have a candidate with a secured career role.

2. The Income Level

The income level will decide the amount you can pitch for the loan. The bank may reject the application if you appear to be lacking sufficient income for the size of the loan. In such cases, you may be required to request about making a larger down payment or bringing in a co-signer, such as a relative and that too a with solid credit. Both the scenarios can be painstaking if you lack the much needed resources and capital.

3. Financial Stability

Apart from a secured job, banks in India take note of other aspects that will judge your financial stability. These aspects could be property or fixed deposits that will decide the fate of your home loan application. Apart from this, if you are already bearing a car loan and a personal loan then there are possibilities under all the legal circumstances that your current loan eligibility will come down and your home loan application will be rejected.

4. The ‘Flexibility’ Factor

This factor is very much accessible if you are planning to buy homes in some of the India’s flourishing markets like Bangalore property market or realty market of Chennai or Mumbai. The buyers can enjoy the repayment options and that too sans extra charges or if there are possibilities of re-fixing of interest rates. The Indian real estate market witness cut-throat competition and the banks with this understanding approach are now offering a great deal of flexibility in the home loans.

5. The Home Appraisal Value Matters

This is another important aspect that you must take into consideration now without any fail. If the bank feels that the home you wish to buy isn’t worth the amount that you seek to borrow then there are chances that the loan plan will fall through. Therefore, it is advisable to listen to what the bank has to say and be grateful that you did not overpay.

The Verdict

Nailing down an apt home loan and that too through a right path can be a little tricky as there are a lot of options in the market. Moreover, there are points that if missed can lead to home loan application’s rejections. So, ponder over the points and all the best for your dream home!

Author Bio

Vineeta Tiwari is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com.

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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It’s Modi Sarkaar – Real Estate Prices are at War!

Confused? The elections are not over yet & we have published this post already! We agree that it is only a matter of time before the title of this post becomes a reality. The title of this post sounds a little lot controversial. We would request our readers to first spare few minutes to read this post before forming any opinion.

As we had clearly mentioned in our earlier post that the real estate market is going through turmoil & one of the reasons behind that is the uncertain political scenario in India. When we tried to decipher what will happen next, we came up with the following findings:

#AbkiBaarModiSarkaar, #WeWantModi & other trends are trending high on Twitter & other social media these days. A lot of air has been created around Modi being the next Prime Minister of India & everyone (mostly) is speculating high gains & social development with a change in the governing body of India. #RealEstate is also no exception to the speculation. Analysts & specialists are betting on high gains in this sector too. This is due to positive sentiments & anticipation of new & investor-friendly Government policies.

FDI in Real Estate

With a change in the Government of India, the much talked about FDI in Real Estate will become a reality & that will give a boost the Indian Realty Sector. With the improvement in infrastructure & basic amenities due to this foreign investment, many new housing & infrastructure projects will flow in the Indian markets causing the sector to lift up.

Realty Stocks Rally

Stalkers of Stock Market must have noticed the recent surge in the otherwise failing real estate companies’ stocks. If not, just have a look at the following charts:

BSE Realty Sensex

One can easily notice the sudden increase in the realty sector of Indian markets. Reason – positive sentiments for the anticipated change in the government!

Enthusiasm amongst NRIs

As we have already communicated in our earlier post about NRIs <link>, the non-residing Indians already had an opportunity to make investments in real estate India the rising Rupee against Dollar is creating a virtual race among them to reserve a property for good investment as soon as possible.

Moreover, as is a known fact that a major chunk of NRIs belong to Gujarat State of India. With the air of Mr. Narendra Modi becoming the next Prime Minister of India, all these NRIs are extremely keen on making the investments.

Disclaimer: The above post is just a thought child of the writer & doesn’t have any political intentions. This is just an analysis of future possibilities in the real estate sector. Investors should make their calculations & analysis before going for any investments.

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Financial Year End, General Elections, Uncertain Equity Markets: Doom for Real Estate?

Our regular readers must have noticed that we have become quite inactive recently. We are not posting, sharing our opinions or exchanging our experiences with our readers on a frequent basis. Well, you are correct here! We have become dormant from last 2 months just as the sector itself looks inactive due to several reasons. Let’s have a look at these reasons & their effects on the Real Estate.

Financial Year End

World may celebrate new year’s eve on 31^st December but for corporates and financial world, the new year eve is on 31^st March. All the financial books and accounts are settled in the March-end. Every year around this period, the real estate and investment sector suffers a seasonality blow. People generally hesitate from making new investments in any asset class around this time due to taxation issues & paper formalities.

This is one of the reasons that there is no noticeable activity in Real Estate from last 1-2 months.

Equity Markets

Due to the General Elections in the largest democracy of the World – India, the equity markets are experiencing a roller coaster ride. With strong wave of change in Government, the markets are reciprocating in a non-deterministic manner. This is creating a huge confusion and restlessness in the equity and investment markets and investors are shying away from making any investment until the markets achieve stability.

This restlessness has also been passed to real estate which is adding more to the realty doom.

General Elections

As discussed in our earlier post, Effects of General Elections, 2014 on Real Estate <link>, the General Lok Sabha Elections are creating a lot of turmoil in Indian Realty Markets.

Closing Remarks: All the above mentioned factors are creating a negative environment for Real Estate but very soon the market will bounce back to greater heights.

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The Goa Property Market – a Quick Overview

Once a tourist heaven, Goa has now opened up its doors to the real property market. The property souk of Goa has loads of options – from villas to beach houses. The following post explores the real property market of Goa. Read on to know more.

Introduction

Deep blue seas, vast skies stretching up to the horizon – and sun-kissed beaches – Goa is definitely a haven for travelers. Tourists from all across the globe flock to this state every year; whether to soak up the sun or to experience a long stay at a traditional Goan house — the place offers absolute ecstasy.

However, while the smallest Indian state offers an exciting experience in terms of travel and tourism, it also happens to be one of the leading states offering the best Gross Domestic Product (GDP)—almost two times higher than that of the entire country.

The Goa Property Market

While the state continues to be one of the best travel destinations, of late, the property market of Goa has been in the news. Interestingly, among all the Konkan properties, the property market of Goa has been pretty much in demand with the end users. Investors have been rolling out enough money in order to capitalize the potentials of the Goa residential property market. One of the biggest factors contributing to the growth of the Goan property market is the tourism boost in the state.

Since tourism is one of the most popular revenue generating segments in the state, tourism has propelled the growth of the property market to a great extent; industry experts opine that a recent trend of second hand homes being sold off at a bigger price has been noticed. This shows that end-users are even considering buying a property in Goa for investment purpose as well.

Trends within the Goa Property Market

Interestingly, the Goan property market has been a favourite with foreigners and also non-resident Indians. While Goa is yet to come at par with other locales like Phuket, Maldives and Bali, NRIs have started shifting focus to this state. End users can choose from loads of options in the residential souk of Goa. These comprise the following:

• Hill Villas and Apartments
• Farmlands
• Beach Properties and Apartments
• Commercial and Retail Spaces
• Portuguese style villas and traditional Goan cottages

As the place happens to be a tourist heaven, even foreign tourists have started taking a keen interest in Goan properties. It has been found that foreigners have been inquiring about apartments and beach properties in Goa to a great extent. France and United Kingdom tops the list of foreign tourist in this category. Reasons adhered for the same is the low crime rate along with the lifestyle of the state that is highly westernized in nature.

Another trend observant within the real property market of Goa is that NRIs have been flocking to the region quite often. NRIs especially from the Gujarati community have been flocking to the region for investment purpose. This is because; Goa is the only Indian state that offers

The real property markets of the region have recorded a substantial hike of 15% to 20% in the last two year. Apartments in areas in Vasco and Panjim are some of the hot properties within the Goa property. These areas have sold off multiple inventories within a few months of their launch. Leading developers like DLF, Riviera, Parsavnath and Nirvana Nest have launched several real estate projects within the state. Some of the prime locations where you can find properties are Anjuna, Vasco, Vagator and Calangute.

Overall, the property market of Goa has been performing extremely well in terms of investments and also mere purchase powers. Those who are willing to invest in beach properties or a property that is a little different from the normal ones – the Goa property market has several options for them.

Author Bio: A follower of the latest trends in Real Estate, Sampurna Majumder has been lending her expertise to 99acres.com by writing articles and blog posts on the in-news topics such as these. 

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