RRTS- Connectivity and Infrastructural Development

Infrastructural Development

Whenever you talk about Delhi, NCR that is the National Capital Region, is automatically associated closely. Also, places like Meerut, Alwar and Panipat are very close to the capital. There are a huge population that travels to the capital for work everyday. It is a daily hectic up and down business for them. 

Now, Daily commuters from satellite towns can look forward to a hassle-free ride into the Capital with the urban development ministry "in-principle" okaying the rail-based Regional Rapid Transit System (RRTS) to provide fast connectivity from places like Meerut, Alwar and Panipat. The integrated system - involving new railway lines, Metros, bus clusters and terminals, provide a smooth travelling experience to lakhs of people who commute to Delhi every day for work.

The hub-and-spoke distribution model or network is a system of connections arranged like a chariot wheel, in which all traffic moves along spokes connected to the hub at the centre. The small number of routes generally leads to more efficient use of resources. As it is a major need of the hour, Faster connectivity will reduce pressure on both the commuters and the infrastructure.
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The long-pending transport system, to be built over the next 25 years, will come up on three corridors - Delhi-Ghaziabad-Meerut, Delhi-Gurgaon-Alwar and Delhi-Sonepat-Panipat. An agreement is signed with Delhi, Rajasthan, Haryana and UP to set up a separate body -- NCR Transport Corporation (NCRTC) -- to improve transport interconnectivity in the NCR. The NCRTC will be responsible for overall development of integrated multi-modal transport system, including rapid rail transit system (suburban rail system) and feeder bus services in the NCR.

In most cities infrastructure development has not kept pace with urbanization and population growth. Infrastructure development drives real estate development in every city. This development specifically gives huge opportunities to the Real estate industry in and around Delhi. Here in this case, growth and development in terms of better connectivity and real estate growth go hand in hand, and therefore lies opportunities for growth and development.

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Cosmic Structures Limited- The growth story

Parented and supported by the reputed Cosmic Group of Companies, Cosmic Structures Limited is a professionally managed realty company. It is set to emerge as a leading Infrastructure Development Company in Indian real estate space. Cosmic Group working areas span Residential, Commercial, IT Parks, Retail, Hospitality, Education, etc. CosmicStructures Limited cherish more than 25 years of satisfactory deliveries and encouraging trust of our customers, associates, alliances and investors. Cosmic Structures Limited has delivered many Residential, Commercial Project in New Delhi, Gurgaon, Noida, Ghaziabad, Mumbai etc.

City Of Romance

Cosmic Structures Limited aim to accomplish new benchmarks through quality-oriented, cost-effective and time-bound projects and value-added services. They Have number of innovative and need-based projects under execution in Many Cities. They have been successful in delivering successful projects and have always ensured on time delivery of projects. 7 star luxury facilities and customer satisfaction is their main motto. They believe that since you spend maximum time in an office, it should be the most comfortable and luxurious place to be in. And therefore they always deliver this in all their projects. 

Cosmic Structures Limited is a pioneer in its business and delivers the best of all. Be it Cosmic Corporate park in Noida, or Cosmic Business Centre in Gurgaon, their aim is to make work environment more friendly and comfortable with ultra luxurious 7 star facilities available for office spaces. They are keenly looking forward to these upcoming projects. Their future plan is to focus on economic luxury apartments and office spaces delivered in much lesser time. 

As per their plan, Cosmic Structures is soon going to launch its ultra luxurious Hill destination – ‘City of Romance’ , Eco height, 25 Km from Rishikesh, Towards Tehri, Near Narendra Nagar.

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Increasing crime and dependent Property Rates

For semi-urban and rural India, cities have gradually come to signify prosperity, better quality of life, and higher income underlined by a modern lifestyle and facilities. Of all the parameters that are perceived to qualify a successful life in the present context, living in a city is perhaps one of the most significant and sought after. The biggest irony of the present times is that, cities that attract economic power and foster growth are now the hub of crime and violence which drastically hinder development.

The India growth story has an ugly twist in its tale. Last 12 years which coincided with India’s rise as an economic power have also witnessed an alarming rise in the country’s crime profile. The rising crime in Indian cities may be attributed to widening inequality, poverty, improper urban planning, ever-increasing burden on urban infrastructure, proliferation of slums and poor neighbourhoods, and the not-so-perfect judiciary and legal system of the country.
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Understanding the relationship between property values and local crime risk is useful for measuring the willingness of individuals to pay to reduce their exposure to crime risk. A number of papers have documented an inverse relationship between property values and local crime rates.

When it comes to real estate world and property dealing, surroundings is a major factor that is looked into and considered at the first place. Crime tends to have a negative effect on property values.  While there is no empirical evidence to suggest the affirmative, various researches done on the particular issue suggest that individuals have a strong distaste for living in close proximity to an area with high crime rate. It is estimated a single offender depresses property values in the immediate vicinity to a large extent. Studies also suggest that decreasing crime does, in fact, benefit lower valued properties disproportionately, reducing the inequality among properties. 
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In any case, if you are buying in an area you don't know too much about, you need to do your research. Afterall for crimes such as robberies and theft, the actual crime rate in an area doesnt matter much, it has more to do with the perception of whether an area is safe.

Would you buy a house a pretty bad crime had been committed? And how much importance do you give to an area's crime levels when buying or choosing where to rent?
In the present scenario, these have to be seriously thought about.

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Planning to be your own agent? Think again...

With so much information readily available online, many people are under the mistaken impression that all one has to do to sell a property is find a buyer who is ready, willing and able to buy. Finding the buyer for a property in today’s buyer’s market is only half of the battle. The actual job begins after you find one. You have to then sure that the deal does not fall apart due to unforeseen circumstances before it gets to the closing table. So is there a need of a real estate agent? Yes definitely there is, not because of one but several reasons.

Real Estate Agent 

Does the seller really know how to ascertain whether the offer and/or the buyer is a good one? Making an “acceptable” purchase offer is much more than about the money the buyer agrees to pay for the property. You don't need to know everything about buying and selling real estate if you hire a real estate professional who does. Why not hire a person with more education and experience than you? The trick is to find the right person.  Agents take the spam out of your property showings and visits. Agents know what the current trend is. They know your neighborhood and the best prices for sellers and buyers. When you buy a property, you look for all the complementary aspects as well. For example, before buying a house, you tend to look at the neighborhood schools, market place, demographics, crime rate and other such important aspects. In this case, agents play an important role for both buyers and sellers.

Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. What they do is to device a negotiation strategy based on market supply, demand and the conditions.  Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. With experience and time in the market, they are the best people to guide you and references with whom they have worked and provide background information to help you make a wise selection.

Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. Soon after closing, many questions can pop up that were overlooked in the excitement of closing. Here, agents stand by ready to assist.

An agent’s success and continued career in real estate is referrals.  C It is probably the best option to choose. After all you don’t buy or sell property every day.

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What is in store for Real Estate in 2013?

Anyone who has had a look into this sector over the past decade will predict almost the same as what we say here because real estate has grown in leaps and bounds when comes to costs, purchases, sales and prices. The trend has not withered over time and has in fact become stronger.

Real Estate Business

For the coming year 2013, we expect mostly the same. There are hopes of growth in the real estate sector, mainly due to the government’s positive approach towards reforms and moderation of interest rates, experts say.

Land acquisition and real estate regulation bills are expected to be passed during the year, while there is a likelihood of the Reserve Bank of India (RBI) bringing down the interest rates.  The passage of FDI in multi-brand retail by the government shows its seriousness on introducing reforms. RBI can be expected to lower interest rates in the coming months which will benefit developers as well as consumers.

 Residential prices, which have been increasing over the past few years, are likely to witness subdued growth in most markets in a short to medium term till the pressures of unsold inventory are eased out.

 Finance minister P Chidambaram had recently asked the developers to sell their unsold inventory at a lower price.  Besides, infrastructure initiatives such as Greater Noida metro rail network and proposed metro link in north-west Bangalore are likely to have a positive impact on the residential market of these cities.

 FDI in multi-brand retail will also boost the demand for commercial real estate.  Apart from the international brands, several domestic brands are also exploring opportunities to increase their foot prints across the country.  According to Jones Lang LaSalle (JLL), major cities like Mumbai, NCR-Delhi, Bangalore, Chennai, Pune, Hyderabad and Kolkata, will see the addition of close to 9.5 million sq ft of mall space in 2013.

 The primary reason is that a sizable amount of supply that was expected to reach completion in 2012 has been being pushed to 2013. While Mumbai, NCR-Delhi, Bangalore and Chennai will together contribute 70 per cent of the total retail space absorption, cities like Pune, Hyderabad and Kolkata will account for the remaining 30 per cent.

 Further, the ongoing policy reforms are expected to provide some cushion to corporates who are likely to execute their expansion plans in near future.  Demand for officespace is expected to be broad-based and not restricted to IT-ITeS and banking sectors. However, even as leasing activity performs relatively well, rentals are expected to remain stable.

 According to JLL, cities including Mumbai, Bangalore, Delhi NCR, Chennai, Hyderabad and Pune will witness commercial corporate property transactions focused on their own occupancy needs.

On the whole, we can expect 2013 to bring a larger-than-usual number of NRI investors into the commercial space arena. This is because NRIs are currently enthused by the prevailing exchange rate benefits and the fact that commercial real estate capital values are still 15-25 per cent under their 2007-08 peak levels.

So, if you are to make some investments this year then get real estate on your list cause this is better than gold, it’s a gold mine. Prices are set to rise and so are the benefits to the early birds.

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Real Estate Investment: A healthy choice

It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. For many people, real estate is the easiest to understand investment because it is simple, straight-forward and involves a fair exchange between a property owner (the landlord) and the property user (the renter).  As long as the hot water keeps flowing and the rent arrives on time, everyone is happy and benefits.  Investing in real estate is much more complex than this, though, because there are several different types of real estate investments including residential, commercial, and industrial, as well as real estate that trades on stock exchanges, which are called REITs.

Investment in Real Estate

Investment inreal estate has been booming as a top investment phenomenon to multiply the wealth. India Real Estate Investment has proven to be the highest yielding investment opportunity in the recent few years. The realty industry in India is at its zenith and is thereby attracting the maximum investment not just locally but overseas too.

However, there are various factors which initiate the investors to invest in real estate. Most important factors are better return and tax benefits. Real estate sector gives higher attractive returns as compare to the stocks and bonds. Also, one can avail huge tax benefits on investing in real estate. According to the report of the Technical Group on Estimation of Housing Shortage, there is an estimated shortage of 26.53 million houses during the Eleventh Five Year Plan (2007-12), which indicates the huge demand for the residential property in future and provides a big investment opportunity for the investors. This is another major reason to invest in this booming industry.

Many Banks and Financial Institutions like HDFC Property Fund, Dewan Housing Finance Limited-DHFL Venture Capital Fund, Kotak Mahindra Realty Fund, Kshitij Venture Capital Fund (A group venture of Pantaloon Retail India Ltd) and India Advantage Fund (ICICI), provide the funds for real estate development to the Builders and Developers for construction of these structures and to the investors. Therefore the funding becomes lot easier. Along with this there is more cash flow and value appreciation in the real estate investment. 
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The most important factor that has been a major factor for the growth of real estate and investment are the initiatives taken by the government. A major share of the FDI or the foreign direct investments is tailored to the Indian real estate sector these days. The Indian government is also putting in more money in real estate and many old regulations have been fine tuned to attract more money into the sector. The property tax act, the rent control system, land ceiling regulations have also been updated and made more investor friendly for people wanting to put their money into real estate. Along with domestic laws, the foreign exchange regulation act has also been made more liberal to get more people from aboard into Indian real estate buying, selling and investing.

These all factors indicate that real estate sector would be the hottest sector from the investment point of view.
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