India Real Estate growing tremendously

India is no hesitation the land of tremendous developments and further resulting with great opportunities as well. This nation being developing as the fast-growing economy across the globe is only possible with MNCs, IT, top notch brands, businesses, ITES and other business sectors making their way towards India. One can also attribute the development of nation to the real estate sector. Yes! The India Real Estate is witnessing remarkable success with bringing more developments of infrastructures in all.

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Sectors of retail, hospitality, and industrial, commercial, residential and for office spaces as well. A well structured property with added amenities ranging from the luxury ones to the comfy along with strategic location of property has best suited with all rising needs and requirements of property seekers. Real estate property in India is growing tremendously with bringing forth all high rise best structured infrastructures meeting up with the needs and requirements of property seekers from all backgrounds.

Property developments have been made all across the nation wherein Delhi is one of the bets affected place positively witnessing all well structured and best designed infrastructures. Many individuals have also shifted their focus towards investing in the resale property. This has offered investors with the best opportunity to buy the same luxury designed property but at a low cost. Many look upon and invest on the Resale Property in Delhi to enjoy investing in their bets desired and likes property with further suiting up with their budget as well. Indeed the resale property investment is a hit like all across the India.

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Delhi NCR - A Favorable Real estate Destination of India

Buy real estate properties in metro city Delhi to make your investment worthy. It is one of the top real estate destinations in India. Delhi is famed for its enormous education Institutions. The Indian institute of technology, Army institute of technology, National institute of Industrial Engineering, many more situated in Delhi NCR. Delhi NCR is the favorite destination for the NRIs to invest their money. The IT giant companies in the world are targeting Delhi NCR to occupy their space. While discussing about investment, every places in the state will earn you good return on investment. We may discuss about the few top destinations for investment in Delhi NCR.

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Real estate property in Delhi NCR – mostly preferred

Delhi NCR is the best place to invest in India. There is an immense growth in the real estate property in Delhi NCR. As being the largest city in India it is emerging as the first pick for investors and other companies from foreign countries. Delhi NCR is known as the financial capital of India. It is also known as the Alpha world city. Favorite Tourist destinations are there, well developed educational institutions, world class hospitals, world’s top companies are in Delhi NCR .it is the richest city in India where you find every need very easily. A very high demand, a reduced amount of supply of properties is happening in Delhi NCR for years. It is resulting as a day by day increase in the price of property in Delhi NCR. Delhi NCR is the finest choice while investing on Properties in Delhi NCR.

There are lot of real estate companies and agents in Delhi NCR. You need a deep study of real estate and the location where you are investing. Internet may be the best friend to you to find the prominent real estate company or agent to buy Properties in Delhi NCR. Location plays a key role so pick your spot and invest with a great strategy for the best results.

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Real Estate Boom in Delhi NCR

There is an unprecedented real estate boom in parts of India. These are the National Capital

Region certain parts of Delhi, Noida, Gurgaon, Faridabad. It is to a great extent, driven by the huge growth of the IT and BPO industry. As the IT industry grew, employees got onsite (literally - at the client site, as opposed to offshore) opportunities. Onsite typically meant being paid in US dollars and thus many employees earned a lot of money.

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The demand for plots of land went up with the boom in industries. But with the cost of a 30X40 ft plot plus home going for the equivalent of 5 million rupees in a good residential area, apartments soon came into favors.

The buyers earned a lifestyle equivalent to the lifestyles abroad, and they had the capacity to pay. This reduced the "matchbox" apartments on offering and has spawned a host of self sufficient complexes. Soft interest rates on home loans, a tax incentive on home loans and the general growth mode of the economy are other factors driving the real estate boom.

New apartment’s complexes have recreation facilities, basement parking, security, power back up, good lawns and even swimming pools, all of which are very difficult to get when one goes in for an individual plot.

When every builder began to offer these, the bigger ones began to offer multiplexes, shopping complexes and schools. Not content with differentiation, it is now snob value - Complexes modeled on resorts, European looks, vast open areas, pools lined with Italian marble are the latest fad these days. While this is a good thing, in the recent past, real estate in Bangalore has reached crazy levels of prices.

Even now, a significant percentage of the buyers are genuine buyers who intend to stay in the apartment they book. But when there is a genuine demand, speculators can’t keep off.

At the recent launch of a highly advertised complex in Delhi NCR, about 2000 apartments were sold in 2 days flat and there was a congregation of about 6000 people waiting to book apartments. Among those who booked apartments, many just got to choose the floor and pay the booking amount. No real apartment has yet been allotted to them. 

Considering the pathetic infrastructure in Delhi NCR, it is surprising why the rates are so high. Just outside these posh apartment complexes and layouts, roads are broken, small and there is no sign of any public transport at all.

Is it a bubble or the beginning of one? Is the bubble on its way to burst or if it will continue to grow for a while is something that will be decided by the growth of the economy.

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Why is Real Estate the King of Investment?

Stocks, bonds, mutual funds, fixed deposits, gold and finally real estate, although the options seem endless, making a choice is a Herculean task for him. As a father with two young children in school and a career that is just starting to show positive growth, investing his savings, safely, is crucial to him.

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Here is my understanding of investing in real estate.

Inflation Hedging

The relation between demand for real estate and GDP growth is the basis for the ability of real estate to foster inflation hedging. When economies grow and expand, the demand for real estate consequently increases. With the demand for real estate, the rents increase translating eventually into higher capital land prices.

Retirement Income

The current economy to say the least does not support saving. The pressure on the income to be spent on varied channels is high. Between school fees, fuel bills and marriage funds, almost everyone’s savings account is receiving thinner and thinner checks.

Positive Cash Flow

The idea behind investing is to receive more than you have paid on a future date. This is one of the main reasons why real estate is such a good investment. Real estate is one of very investment options where you can receive a guaranteed tangible income through the year. What then is the positive cash flow?

Scope of Appreciation

Real estate investment is one of the safest investments options. The safety is owed to the scope of appreciation which is guaranteed. Numerous experts in the realm of real estate agree that over a ten year period real estate has seen the highest scale of appreciation in comparison to any other class of investment.

Tax Benefits

Taxes are the bane of our existence. They are, however, a necessary evil, and real estate investments can give you a much needed tax breather. Real estate is one of the major contributors to the country’s GDP. Since governments are very partial to home buyers, your investment in real estate is bound to give you a tangible tax benefit as much as up to INR 1,00,000 every year.

Leverage

Leverage in simple terms is the ability to use borrowed capital to ensure a potential return on investment. Real estate is the only realm in investments that allows leverage. By paying only a fraction, a minimum of 20%, of the whole cost of the property, you as the owner, control the income from that property by availing a maximum of 80% of home loan.

Diversification in Investment Portfolios

A diverse investment portfolio diminishes risk and increases returns. The benefit of adding real estate to your investment portfolio is the fact that it will carry a minimum reliance on other instruments. Assets that are not co-related to others in the same portfolio decrease risk while still fortifying the return on investment.

Investors at all stages, national and international, stand to benefit from a diverse portfolio and real estate diversifies all portfolios.

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How to Get Lower Rates for Your Home Loan

The market is fluctuating, interest rates are coming down, but the EMIs you have been paying for the home loan you took out five years ago is still the same? Do you feel the pinch when you see your hard-earned money going down the drain? Is it time to think about refinancing your home loan at a lower rate? I say it is! So how do you go about getting your bank to agree to lower your interest rates? Take a look.

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Do not default on your monthly EMIs on your existing loan(s)

Now this may seem like a reiteration of the same advice given by hundreds of other banking and mortgage sites, but that does not take away from this basic truth.

The crux of the matter is that banks do not like defaulters. Even one defaulting of your monthly payment will bring down your scores and you need good scores before you go knocking at your bank’s door for a refinancing of your existing loan.

Rule of thumb - Make sure that not just your home loan repayment history, but your credit history is impeccable too. Do not go overboard with a shopping spree and then forget to repay your credit loans on time.

Approach the bank when the market rates are lower than your EMIs

Suppose you are paying a fixed interest rate of 9.5% for your home loan for the next 3 years and the market rates have gone up to 10.2%. Then it is not the right time to approach your bank. You should be approaching your bank at a time when the interest rates are actually lower than what you are currently paying. In fact, the best time to approach your bank would be during property expos or loan meals. Interest rates and terms tend to be flexible around that time.

If you are paying a floating rate then the EMIs you pay will more or less be the same as the current market rates.

Have your financials ready and up-to-date

What do I mean by this? Your paper work for applying for a refinance should be up-to-date. Your will need to have your account details including those with other banks and details of other loans with you. Your tax receipts should also be ready and paid on time. Refinancing a loan requires almost the same kind of paper work like the first-time round you took out the home loan.

Ask, ask and ask, and you shall receive

Sometimes your bank will turn you down when you ask for a lower interest loan. In that case do not be disheartened, but keep pestering the bank executive every quarter.

Modern banking practices are a lot more flexible than they were a few years ago. Bargaining is an art not confined to the shopping districts anymore, but works in the corridor of banking finances too. And your bank executive is not always going to call you and let you know when there is a change in the bank’s policies regarding loan rates. It is up to you to be proactive and save yourself some money by being up-to-date.

Play the “I will switch banks” card

Yes, it is! But hey, it is your hard-earned money. You do not have to give away money for free to your bank when there are better options out there. Most banks do not like to lose customers. So they will be ready to make the switch. There might be a small fee involved in switching over from a higher to a lower rate.

Hone your people skill - If you are really charming and verbose, then you may even get away with not paying the processing fee. So hone up on your people skills.

Approach private bank(s) at first

Another devious, or smart plan, is to approach a reputable private bank for your home loan. Their initial disbursement is faster than your average public sector bank, but their rates might be high. However, you do not have to run from pillar to post to get the loan sanctioned, because private banks are usually competitive and efficient about sending their personnel to you and getting the paperwork done at your place. Stay with the private bank for 6-12 months, and then switch to a public sector bank that offers a lower interest rate

So, gear up your loin clothes (metaphorically) and get ready to speak to your bank executive if you feel it is time to refinance your existing home loan to a lower interest rate one. May be that extra money you save could go into your long term savings and towards buying a vacation home?

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