Homebuyers make a resurgence thanks to lower interest rates and reforms

The repressed interest for housing is presently getting converted into real sales. While industry specialists have been naming the situation as buyers’ market for quite a while, homebuyers themselves appear to have turned out to be more active at this point.

Things are looking positive as indicated by the performance some of the listed real estate companies with regards to residential sales over the last one year.

A key role in this resurgence is played by lower interest in home loans and government’s encouragements on affordable housing. The government, to support affordable housing fund, has introduced a number of schemes such as Pradhan Mantri Awas Yojana (PMAY), Lower Goods and Services Tax (GST) and extended income tax benefits to apartments of carpet area of 645 sq ft.

HDFC Bank has recently reported a 26% increase in individual loans in FY18. Godrej Properties reported a 152% on-year increase (at Rs. 5,083 crores) in the value of bookings for FY18. The organization’s most noteworthy ever sales in any budgetary year was led by booking volume of 6.26 million sq ft.

Amid the final quarter alone, the organization’s booking value saw 210% on-year development at Rs 1,054 crore. The executive chairman of Godrej Properties, Mr Pirojsha Godrej said, “For the first time in its history, GPL has delivered sales of more than Rs 1,000 crore for four consecutive quarters. We look forward to building on this momentum in FY19”.

The final quarter and the full financial year swung out to the best-ever in value terms for Bengaluru-headquartered Sobha, with an increase across regions and product categories. It has recorded new sales volume of 3.63 million sq ft, evaluated at around Rs 2,861 crore amid the year with yearly sales volume and values increased 21% and 42%, respectively. The performance of Kochi and Gurugram also saw an improvement.

Indiabulls Real Estate, a Mumbai-headquartered real estate developer saw a 20% growth in both 600 apartments and sales value at Rs 3000 crore. Strangely, the premium segment also contributed to the organization’s performance during the year.

May 8, 2018 / by / in , , , , ,
Why to Invest Sector 78 Noida Property

Noida is quickly becoming one of the best cities to live in India. With the development of many corporate offices and commercial complexes, the demand for residential homes is increasing rapidly. There are many residential complexes being built by reputed developers across Noida. Many metro stations are also being built across the city which will vastly improve the infrastructure and connectivity of Noida.

Sector 78 is a fast developing sector of Noida. A metro station is also currently under development in the sector which will greatly enhance the connectivity of Sector 78 to other important places of Delhi – NCR. Many good schools and educational institutes are also present such as The Manthan School and Sanfort Play School, just to name a few. Sector 78 is also connected to DND Flyway and Noida-Greater Noida Expessway. The Great India Place and The mall of India are also within 15 Kms. Good hospitals such as Sumitra Hospital and Neo Hospital are also nearby.

There are a number of properties available in Sector 78 and nearby. These range from budgetary to luxury properties. Some luxury projects are Mahagun Mezzaria and The Hyde Park. The options for affordable properties are Mahagun Moderne and Lotus Arena.

One of the best value for money projects is Antriksh Golf View 2 launched by Antriksh Group in the sector. Its ready to move residential propperty, The complex is spread over 18 acres of land out of which almost 80% of the area is open. All the buildings have an earthquake resistant structure and the safety of the residents is ensured. Antriksh Golf View 2 has to offer 2, 3 and 4 BHK apartments in sizes ranging from 985 sq ft to 2680 sq ft. These apartments are carefully planned, have wonderful interiors and luxurious features.

Located in Sector 78, Antriksh Golf View 2 Noida enjoys smooth connectivity with FNG Corridor and NH 24. There is also a metro station being developed just diagonally from the front Gate of Antriksh Golf View 2.

Sector 78 is among the best sectors of Noida, many builders are planning to launch their projects here and soon the prices of the properties will rise. Now is the best time to invest in property if you want some great returns on your investment.

January 3, 2018 / by / in , , ,