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Under PMAY (Pradhan Mantri Awas Yojna) there is an interest subsidy available which aligns well with the government goal of Housing for all by 2022 100 projects under various stages of construction and another 150 projects ready to be launched this year (I hope there will be a proper demand and supply study done before these are announced so that there is no excess inventory in one region and shortage in another – else it will create pain in the area where excess housing is launched and inflation where there is a shortage – FELLOW DEVELOPERS PLEASE DO YOUR STUDY BEFORE GOING TO MARKET) @HOME BUYER:
The land is a measured asset and it is only so much available. The growth in population creates the need for raw land being shaped into residential, commercial, industrial, and other usages. In simple language, taking Delhi in our discussion, central Delhi expanded in all directions but the fastest regional growth happened in south Delhi, perhaps because of proximity, to the airport, better infrastructure, good hospitals and schools, and affordability at some point of time. This happened because central Delhi became extremely expensive.
Scared, Worried, Alert, Skeptical: these are some of the emotions in each one’s mind when we talk of Investing in Real Estate today. The Buyer Worries whether his money is safe: will he get delivery?
The Builder Worries How to increase Sale and Revenue – How to Finish the Ongoing Projects, How to identify the next best opportunity?
The Channel Partner: Broker Worries will he get a commission of the work he has done? The Vendor Worries about his payments. The financial institution Worries whether their interest and capital are protected……..and so on. Is all but over in Real Estate….?
Thankfully, the new Regulations and Compliance like RERA have created a framework for transparent working. Every detail of the Project and the Developer, the finances, and the construction status are available online. The authority is on the watch all the time. “Customer can be at Peace”. “SUGGESTIONS FOR CUSTOMERS” Customers Must Follow The Following While Making A Purchase Decision (Residential Property)
The dust will soon settle and the future of real estate is definitely bright. The important aspect of this whole story is that the wheel must keep moving. Meaning Sales should keep happening, the customer should keep making pending payments based on the stage of construction (monitor it now) and the developer should keep working on completing the project 24 x 7. While I did put in my views on how the Buyer should make a buying decision in the previous post, there are some suggestions for the developers on “How The Sales Can Be Increased” to generate healthy revenue. Sales are truly not alone a commerce subject as there is a lot of science involved. Conventional Selling is not yielding the numbers which the developer wants and hence the pain in the system is increasing.
Corporate/Developer/Businessmen and Individual The Real Estate Residential Sector has been stagnant for the last couple of years so far as pricing is concerned-the reasons are many and we have already talked about them. Today we wish to talk about Business cum Investment opportunity both for Corporates as well as for individual investors. I sense that one of the biggest real estate opportunities in India for the next couple of years is in the building and leasing of WAREHOUSES.
The Corona Pandemic has caused a serious health hazard across the Globe and we Indians are no exceptions. The Corona Pandemic has led to an Economic Pandemic worldwide with countries staring into recession. Massive job losses, salary cuts, and visibly poor future growth prospects truly are scary.
However, if the situation is wisely handled both in terms of health care and financial management then there is no reason that we will not triumph over these unprecedented situations.
Real Estate is not only about buying and selling: renting-leasing is a bigger business than a transactional business
While leasing is more synonymous with commercial and retail real estate the return on residential real estate or ROI as it is called, helps us to understand the consumption behavior in the residential market
We all hope and pray that the corona pandemic is contained as soon as is possible, we all are back to work and the economic cycle which has come to a virtual halt starts to move again.
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