Real Estate Bill to be referred to the Select Committee on Wednesday

Much debate was seen over the Real Estate (Regulation and Development) Bill over the past few days. Congress party’s newly invigorated Vice President Rahul Gandhi strongly opposes the deal as he says that the Bharatiya Janata Party (BJP) is amending it only in favor of the builders. He considers it to be anti homebuyer and highly favors the builders. Rahul Gandhi also pulled out a last minute homebuyers protest on Monday.

The Rajya Sabha said that it would refer the bill to the select committee for discussion on Wednesday. The government also urged Rahul Gandhi to thoroughly study the proposed amendments before opposing it and starting a protest against it. But with the opposition gaining more power by the day, the House is trying to bring in more parties to support the bill so that they can pass it. [Read more...]

Gurgaon Master Planning Requires Due Attention of the Government

In the last 10 years, Mumbai and Gurgaon have been reported as the two highest contributors to the commercial real estate market of India. Recently after the withdrawal of the Mumbai Master Plan 2034, the planning of these two urban clusters has also been brought to attention. The former was withdrawn due to the lack of credibility and authenticity of the master plan data. Some really important planning issues had been overlooked in the Mumbai Master Plan.

If a flawed master plan is passed, it is the city and its dwellers who will have to pay in the long run. The municipal government has always given the least attention to the planning part. The high authorities and the bodies directly involved with the land interventions enjoyed a better part of the governance. These bodies include influential personalities like bureaucrats, developers associations and politicians. [Read more...]

Jan-Mar 2015 Report: Buyers Prefer Larger Homes over Smaller Ones

While affordable housing and low cost residential properties were all over the news in 2014 and early 2015, the demand for larger houses, much to everyone’s surprise, witnessed an upward movement. According to the reports of Magicbricks.com, the demand for plotted developments also increased in the first quarter of 2015.

The trends noticed by the real estate experts suggests that instead of going for a small one bedroom apartment for a very low price, buyers are inclined towards investing a little more into a larger home that gives perfect value for their money. People are searching for larger houses that can fit into their budgets. The trend was seen in the most active real estate markets like Noida, Gurgaon, Chennai and Bangalore. [Read more...]

France joins hands with India for Smart Cities, Railway and Space Research Projects

Prime Minister Narendra Modi’s France visit on April 10 proved to be very fruitful. As per reports, France will collaborate with India in the development of its smart cities. The country would also partner India in a study aimed at the upgradation of the Chandigarh-Delhi Railway Line and speeding it up to 200 km per hour. Renovation of Ludhiana and Ambala Railway Station has also been planned.

In his meeting with Modi, French President Francois Hollande expressed his keen interest in the list of smart cities to be developed in India. As a result, it was marked as the technical cooperation under the field of Sustainable Urban Development between India and France. The assistance from France would be a major help for the government of India in setting up self-sufficient smart cities in different parts of the country. These smart cities would also boost the residential and commercial real estate around these areas. [Read more...]

Indian Property Fair Show in Tokyo 2014

eventeclinic Indian Property Fair Show in Tokyo 2014

Indian Property Fair Show in Tokyo 2014 :

Evente Clinic and Investors Clinic are proud to present Indian Property Fair Tokyo.For the first time in Japan, come meet major Indian developers such as Coral Group, Raheja, Supertech and more.

 

Location:
Shinagawa Prince Hotel
4-10-30, Takanawa, Minato-ku, Tokyo 108-8611, Japan.
Dates:
30th & 31st August 2014
Timing:
11AM – 7PM
Contact No.:
+81 50 5539 6291

 

evente 2 Indian Property Fair Show in Tokyo 2014

Why Customers should go for Assured Return Schemes

Assured Return Project

 assured returns time Why Customers should go for Assured Return SchemesA time when real estate customers are looking at getting big value from their investments, getting involved in an assured return scheme can be a good option, but it should be done under a proper guidance of a property consultant.

Such a scheme is usually introduced by the builders when they are not able to afford the interest rates being charged by various banks on their construction loans. There are times when new developers find it hard to convince banks to give them loans and more so, banks in India have an interest rate of 16% to 24%, which is a bit too high for a developer who is trying to establish himself in the market.

On this other hand, it gives a great chance for the customer to invest money and get assured returns. However, as market experts suggest, this should be done in accordance with proper real estate consultancy.

As part of this arrangement, the builder or real estate construction specialist undergoes an agreement in which he/she mentions the clause where the buyer can exit the arrangement after the completion of the project.

On the other hand, the buyer can continue with the arrangement and the seller would go ahead and lease the property to a tenant on a monthly rent basis. The amount of this rent is usually decided on basis of the total value of the property in the market, for example – if the value of a property is 50 lakh, then the rent would come to be around 12 to 15 percent of the total amount, i.e. 6 lakhs to 7 lakhs. And hence, the buyer would either be provided with 50,000 a month or 6 lakhs annually by the developer who has leased the property.

This is how assured return schemes work. But it is very important to understand that it becomes very important to go for such schemes with only reputed builders, who have a clean track record of executing such schemes in the past. And hence it should be done under the guidance of a well known real estate consultant like Investors Clinic.

As firmly believed by many real estate industry experts, the Assured Return Investment is usually a profitable system to ensure better returns for the investors, but it is always advisable to go with a trusted name and create better opportunities for you and your family.

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