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Upcoming IT Parks in Hyderabad at 3 Villages by Telangana Govt
Real Estate
12 Dec 2019 | 135 Views
Upcoming IT Parks in Hyderabad at 3 Villages by Telangana Govt
Hyderabad, Telangana is one of India's top IT exporting city. With the establishment of IT Hubs, this youngest metropolitan city is not lacking behind to be among the major IT centres of the country. Hyderabad is home to the leading US-based information technology companies and IT services such as Google, Microsoft, Samsung, Motorola, Oracle, Face book, TCS, Wipro, HCL, Tech Mahindra, Cognizant are equipped with development facilities. In addition, Telangana government is planning to build IT parks in Bowrampet, Dundigal and Dommara Pochampally village in Quthbullapur Mandal at 480 acres of land area. The government plans to add more IT hubs to Hyderabad by providing necessary means, methods, and support for the evolution of the IT industry. The Telangana State Industrial Infrastructure Corporation (TSIIC), through the revenue department, is expected to issue a notice soon to buy land in Hyderabad at these areas. List of Planned IT Parks Here’s a brief on the Upcoming IT parks in Hyderabad at proposed acres of land area. Dundigal IT Park - 320 acres Bowrampet -140 acres Dommara Pochampally - 20 acres Budwel - 300 acres Kollur in Osman Nagar - 50 acres Infrastructure Development in Telangana, Hyderabad As soon as TSIIC Budwel and Kollur receive the land from the revenue department, infrastructure like roads will be developed. The government has saturated the IT corridor in Madhapur, Gachibowli and the Financial District covering the Western part of the city. However, in Madhapur, Gachibowli, Nanakramguda and surrounding areas, there is no government land available. A plan for' look east' was also proposed to help IT companies in the eastern part of the town from Uppal to Bhuvanagiri and Warangal road. Even near Pocharam and Ghatkesar in the east, IT companies have come up. "It will be planned for IT parks in areas outside of the Outer Ring Road as the government assigned land are available at Quthbullapur. Some of the government officials spent two months discussing the development of Hyderabad IT Park and provide incentives to industries that come up in areas other than the western corridor with TSII CEO Mr Rajamallu and senior officials.  The government aims to systematically transform digital systems in the province by leading information and communication technologies (ICTs) in job creation, communication empowerment, and sustainable economic growth. In Telangana, the government builds IT Park to help the information technology industry, develop IT graduates skills and create jobs. The government is putting exceptional efforts in all ways to transform Hyderabad city the next Silicon Valley. Would you like to purchase a home with a developed infrastructure in Hyderabad? PropertyAdviser.in the first-ever property directory portal in India lists over 1000 properties for sale in Hyderabad with accurate information. Here detailed information of projects and areas can be found that assist you in making informed decisions. Visit us to find your dream home for a happy lifestyle living. Upcoming IT Parks in Hyderabad at 3 Villages by Telangana Govt Click To Tweet By: Shailaja K

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How Developer's One-Time Loan Rollover Benefits Real estate Sector?

RBI is likely to consider the recommendations of the Financing Minister and the Prime Minister's Office to encourage banks to determine whether or not to label the real estate developer loans as special mention accounts (SMAs). RBI has given full-charge to banks on taking the decision to one-time recast some selected real-estate developer loans for a period of time. This move is made in an effort to help builders obtain hurdle-free financing without the NPA tag and complete unfinished projects. Once RBI permits banks to one-time rollover developer loans by temporarily excluding the NPA or SMA account tag, all projects that are in advanced stages but delayed due to funding or repayment issues will be carried out on a case-by-case basis. The decision is not carried out for the entire real estate industry, for sound projects banks will determine the market assessment after being supervised by RBI. What is Developer Loan Rollover? The centre is looking at more supportive initiatives to resurrect the real estate developers that are being burdened by NPA or SMA tags. The government has announced few steps in the last few months to reduce inflation and the credit crunch in the economy. Taking forward, a dedicated scheme for relieving the builder’s society through one-time recast has been proposed to support them. Real estate Developer one-time rollover means their loans will not be considered as SMA or NPA. One time recast will help build the confidence in builders and help them approach funding agencies or market without hesitation. Without any delay in this initiative, this proposal is being adequately addressed by RBI to fill the emerging liquidity gap and boost the real estate sector.  At present, banks are reluctant to allow a one-time refund, since these debts should then be listed as SMAs, leading to increased liabilities and decreases in the balance sheets. The PMO is not proposing a one-time blanket roll-out overall loans but is empowering banks to determine that developers and projects will benefit from this facility. Government to Speedup Relief measures for Developers  In order to strengthen the real estate sector, PMO, the finance ministry and the RBI have taken a few steps to regulate the demand and growth of the economy. As per a recent study, around 4.58 lakh housing units have been stalled in India. The government has recently announced the creation of Rs 25,000 crore alternative investment funds to revive the real estate sector. Despite the announcement of the development of the 25,000 crore fund to facilitate the completion of the stalled housing projects across the country, real estate developers have expressed concern about how lethargy things are moving. The sector expects that new steps, including the formation of an emergency fund, will help it recover from the recession and that the government will display an absolute concern rather than announcements. The cabinet also authorised the development of a ' special window' to provide priority debt financing to complete stalls in small and medium-sized housing projects.  Conclusion In fact, while there has been some clarification about priority debt financing for qualifying projects, there will be a crucial visibility area for the complexities in the final development plan and the impact on project choice. In its attempts to revitalise the economy, the government aims to alleviate the housing sector and eventually homebuyers. Business developers and observers believe the government needs to set the wheels in motion as early as possible to boost the real estate sector. Always stay connected with PropertyAdviser.in, your one-stop destination for all trending real estate news and find properties for sale in Hyderabad at your fingertips. How Developer's One-Time Loan Rollover Benefits Real estate Sector? Click To Tweet By Govi

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Property Value – Key Factors to Know the Market Value of Property
Property Value – Key Factors to Know the Market Value of Property

Acquiring home is most important investment in the life of majority of citizens, so knowing the right information before embarking on that adventure is very essential. The real estate market is always getting new options, and the perfect property for you can pop up anytime. A great way to look for the most interesting options on the market is to search through real estate platforms.  The real estate portals usually include properties for sale by various prominent builders. In addition to allowing you to search with a range of filters such as price range, the number of rooms, location, etc. The platforms concentrate a large number of options, which increases the chances of finding a home that fits in your pocket. Look at the below five effective ways to find the right market value of land or property. Market Study Setting the correct market price is decisive when buying an apartment in Hyderabad. To do this, you must look and pay full attention to the prices and characteristics of homes in a particular area. An adequate market study and thorough knowledge of the area will lead you to find a home in the best place without having to resort to successive price drops. This is where a real estate firm can be very useful. The right price is not reached in five minutes. You have to see the surrounding homes that are for sale, try to find out how much the last ones in the area have actually been sold and study the prices of those that have been in the market for a long time and are not sold. Then, you have to compare everything objectively with your flat and try to get an adequate price Real Estate Portals Visiting the real estate portal, you can get valuable information. Go to the best-known portals and select only the homes for sale in your area. With the help of filters, look for homes that are similar to requirements. With all this, you will find out the prices of homes that have not been sold, what they take time for sale, how many visits the ads receive, and you will see what equipment, condition, and other important extras they may have. That is, it will give you an overview of the prices in your area and the degree of competition. Location A sale or rental price is established through a commercial appraisal and the current market situation. However, even if this has been fixed, if the offer exceeds the demand in the real estate market, the owners tend to yield and adjust to a lower price. The opposite occurs when the demand is higher. Only the offer of the area or similar areas should be considered, as well as the location of the home to negotiate the sale price since they are the only valid points of comparison. Check daily the situation of the developments in the area, the average of offers and sales or rents that are made, and compare the prices listed to those agreed at the close, and this process will serve as a guide to establish the latest price. Compare Prices Many people are interested in the transaction by thinking only about the comparison of prices and leave aside the benefits provided by the property and the area. So it is important that as an offer, you maintain the position and highlight what is being acquired with the purchase. To achieve this, property value must be within the average of homes in areas with similar characteristics. If the price is higher than the market value, it is unlikely that the property will sell in a short time. Real estate Offices Contact the real estate office and find out if there are any agents who are willing to talk with you about recent sales. Local governments keep records of recent property sales, which are usually found at the tax declaration office. Contact the office and request records of recent sales that have been made in your neighbourhood. Ask if they can give you a list with all the details of each property, including the sale price, the sale date, the square footage, the year it was built, and the number of rooms and bathrooms it has. You will need all this information to make a well-founded calculation of the market price for your home. Why Home Value is Important in Buying a Home? The valuation of a property is extremely important as this will depend on the time invested in buying the property in Hyderabad. The real benefit that can be obtained and the fact that it is not exposed to the market in a negative way. To get to know the approximate value it will be necessary to perform the following property analysis process: Identify the property, define the rights and the objective of the valuation. Collection and selection of data related to the environment, specific to the property, technical, environmental, legal and market. By means of one of the existing valuation methods (comparison method) and last operations carried out with a similar commercial profile. Determination of the value range, it will be the experience of the professional that determines a minimum and maximum price range of the final value. An explanation of the process and the arguments that justify the range of the adopted value. The valuations that are executed in the real estate market have as their objective the granting of mortgage loans and legal issues, so they are subject to compliance with the regulations that regulate the sector. The property value is more important to financial institutions and management than an owner who wants to know the market value of a home in real-time. Conclusion The residential real estate market is very unpredictable and it requires proper research and knowledge. When buying a property the buyer has to know the detailed information of the market to find the correct price of the property.  Are you interested to know the accurate and latest price of properties in Hyderabad? Visit www.propertyadviser.in India’s first-ever real estate property directory portal, our professional team visits every area personally and collects accurate details of every property in Hyderabad. This real-time information helps you to make well-informed investment decisions. By: Shailaja K

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Advantages of REIT Investing for Buyers and Realtors
Advantages of REIT Investing for Buyers and Realtors

Today, many people seek to invest their money in real estate because it is always a safe investment and it represents a great investment opportunity to double the profits. If you prefer to go safe investing, then REIT can be the right bet. REIT’s are a way to diversify in the real estate market and can be an attractive investment that generates income with low-interest rates. What is REIT? REIT (Real estate investment trust) allows investors to merge their money through investing in real estate. Some REIT’s buy properties and rent them to tenants while others develop properties from the ground up. REIT is like a mutual fund in real estate as many investors buy shares to make money. Real Estate Investment Trust is investment companies in the real estate sector that are publicly traded. These companies hold a large number of real estate assets, both properties and mortgages from which they obtain income that they reach the shareholders in the form of dividends. A REIT is basically a company specialized in the acquisition and operation of all types of real estates, such as residential or commercial properties. They are similar to investment funds but almost exclusively dedicated to investing in properties. These properties, in turn, are rented and the profits obtained are delivered to investors in the form of dividends. But that is not investing in property it is investing in the stock market. By acquiring a share of one of these companies, you are literally investing in the portfolio of real estate assets that it owns, neither more nor less. They are easy to buy and sell as assets with high liquidity. You do not need to find a buyer when you want to sell. You can obtain immediate diversification as a single REIT company can own and operate hundreds or even thousands of properties around the world. You will not deal with tenants as the company takes care of, and you simply collect dividends and maintaining the properties. One can invest in REIT's with less amounts. All the work of administration of these properties will be carried out by REIT, which has exceptional experience and knowledge necessary to carry the business forward much better. It is like having an expert administrator hired to do all the work for you to get excellent income. But also like other types of investments, REITs have some advantages and disadvantages. Let us know in detail from below points. Pros and Cons of Real Estate Investment Trust REIT Advantages REIT is a very transparent and liquid way to access the real estate sector, and you can enter and exit from it at any time. The capital investment is much lower compared to direct investment. It allows diversification since you can invest in a wide range of properties at once, like apartments, shops, hospitals, forests, hotels, shopping centres, and many more. Tax advantages differ from one country to another. They allow you to invest easily in various countries. If the REIT has a dividend reinvestment policy, compound interest will increase. It is a less risky investment and requires shorter time than direct real estate investments. Disadvantages of REIT Returns are lower than obtained through direct investment. The frequency in the payment of dividends is usually lower, especially when there is a dividend reinvestment policy. Due to the size of the REITs, if you are small investors, your vote in the assemblies will have no impact on decision making. The investor owns financial instruments and not physical properties. The occasions on which the leverage effect can be used to invest are much more limited. As these are financial products, the correlation with financial markets is superior.  REIT Investing Benefits for Buyers and Realtors The recently proposed budget has made cheers to home buyers and the real estate industry. Do you have a limited amount and want to invest in real estate. Now you have the opportunity to buy units of Real Estate Investment Trusts. In the recent announcement of Budget 2019, the finance minister has cleared the uncertain taxation of REITs. REITs are like mutual funds and invest in properties which help to produce profits. The REIT units are listed on exchanges and traded like stocks. The price per unit in REIT would be Rs 1 lakhs, and minimum subscription cost is Rs 2 lakhs. The costs of units are expected to go down as there is more importance and popularity is given to REITs in the market The Budget proposes that the income earned by REIT will be taxed in the hands of investors and no tax is paid by funds. The new proposal will bring positive impact and boost the real estate industry. It is providing less funds to developers, and people can invest with lower amounts in Indian real estate. The new REIT gives an easy way to capital markets for generating income in real estate, creating a new financial asset and also given an option to exit for REIT investors. The introduction of REIT will benefit the developers with ease liquidity and retail investors with regular incomes and appreciation on price. Boosting Affordable Houses The Budget has granted Rs 4,000 crores through the National Housing Bank for affordable housing for urban people. This will help to remove the gap in affordable housing scheme and eased foreign direct investment (FDI) rules. The minimum built-up area of a house in Hyderabad has been reduced to 20,000 sq.mts. As previously it was 50,000 sq.mts. The capitalization requirement for FDI in real estate projects reduced from $10 million to $5 million. This will attract a lot of foreign investments and results in the growth of real estate sector. Also, a total of Rs 7,060 crores has been provided for constructing 100 smart cities. It will have a positive impact on various segments of the real estate industry, like residential, commercial, retail, and hospitality. With Smart cities construction, there will be demand for technology-based services, and there will be a positive impact on IT Hubs in India. The Budget has been allocated Rs 14,389 crores to National Highway Authority of India under the Pradhan Mantri Gram Sadak Yojana for the development of roads. Taxation The increase in home loan interest deductions under Section 24 will give relief to the real estate investor, and the tax sops may boost real estate demand in smaller cities. The new budget 2019 proposal has made big allocations for improving the country's infrastructure, which helps in the development of the economy. REIT platform encouraged many people to invest in the real estate industry. They are an excellent alternative for investors who want to gain more income. They have been the vehicle chosen so that the small retail investor has access to invest in this sector in a simple and liquid way for small amounts traded in the market. Are you searching to invest in residential real estate in Hyderabad? Browse PropertyAdviser.in portal and get detailed information of all apartments, independent houses, villas, and plotting projects for sale in Hyderabad. Visit us to find your dream home easily and lead a happy lifestyle. Advantages of REIT Investing for Buyers and Realtors Click To Tweet By: Shailaja K

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GHMC Penalises Developers for Violating Safety Norms

In the course of time, at GHMC inspection, officials had found that in an overall 445 buildings that were scrutinised in three days, over 195 under-construction buildings are violating safety norms. It’s been remarked that builders are ignoring basic protocols for safety including the barring of under-construction sites, fitting dust screens and safety standards for workers under certain circumstances. Why Are GHMC Rules Necessary? Greater Hyderabad Municipal Corporation (GHMC) is a civic organisation that acts as the local government to smoothen the necessary facilities for Hyderabad. Parliament has given the local authority full rights to regulate construction operations under its jurisdiction.  Building permits are required before the building is started in compliance with building permit rules in Hyderabad by Greater Hyderabad Municipal Corporation (GHMC). This approves all the designs and plans of Hyderabad. It is liable to seek approval from GHMC under GHMC Act 1955 for all construction activities within its jurisdiction. At the initial stage of the construction, the building must be approved by the respective authority to legalise it. The town planning authority conducts detailed checks before granting GHMC building permission for the development of any residential or commercial building in Hyderabad. The proximity to monuments, a heritage structure, water bodies, oil or gas pipeline, and the height of the building are some factors considered before granting permission.  GHMC Inspection The GHMC guidelines that were spurned include the barricade of the building and the debris and unorganised wastes management. Some people have even invaded the road and floor to block their site, said K Srinivas Rao, the Director of the GHMC.  Officials identified buildings where the cellar was illegal during an inspection by GHMC in the IT corridor. A plot owner had been fined Rs 1.5 lakh, for digging a basement, without precautionary measures. Another landowner has penalised Rs 1 lakh for destroying unsatisfactory disposal of the lane. GHMC found that only a few manufacturers provided construction workers with safety equipment to ensure workers safety.  Are you interested in getting updated with all the latest real estate happenings? Browse propertyadviser.in to find all trending real estate news and all properties for sale in Hyderabad to make smart, profitable decisions. GHMC Penalises Developers for Violating Safety Norms Click To Tweet By Govi

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Skyworth to Invest $100m in Hyderabad to Setup a Production Facility

Skyworth, a hong-kong based electronic conglomerate, is steadfast to invest approx $100 million (Rs 700/- Crore INR) to set up a manufacturing unit in Hyderabad. The electronic giant has procured a 50-acre plot for its campus by the E-City (well-known as Fab City) in Maheshwaram, near Shamshabad Airport. In the subsequent years, its Hyderbad investment in the greenfield facility can well last Rs 2000 crore. Upcoming Projects in Hyderabad This is considered to be an initial step by Skyworth Company, the $5 billion turnover company for the “Make in Telangana” project that includes the development of Led TVs, set-top boxes, washer machines, air conditioners, refrigerators and lithium batteries for electric vehicles. It is expected that this ultimate move by the consumer electronics company will give a boost up to the Telangana government’s objectives to turn this youngest metropolitan city to a global electronics manufacturing hub. On Nov 29, at the occasion of Skyworth Group, chief Lai Weide inked MoU in Telangana with the government represented by IT & industries minister KT Rama Rao. KTR stated that Skyworth investment in Hyderabad would create around 5,000 direct and indirect jobs giving a significant leg-up to the unemployed youngsters.  Skyworth Hyderabad Investments Future Aspects Skyworth Group Chairman Lai Weide said, "In addition to bringing excellent production skills, economies of scale through the competent supply chain, Skyworth will provide future products for Indian consumers, as well as enhance local know-how. The company has encouraged its support of the electronics manufacturing policy of Telangana. Skyworth Group executive Vice President Wang Zenjun said that the company is committed to Indian markets, and would continue to make significant investments on a staggered basis, as he called India a very important area for the global expansion plans for Skyworth. At present, the Chinese player is already producing LED TVs under the Skyworth and METZ names at an outsourcing plant in Hyderabad and will be expanding their manufacturing base under the name of Radiant Appliances & Electronics Pvt Ltd. The consumer electronics company continues in the first phase by using LED televisions and set-top boxes. It will continue to add EP batteries and a range of white goods such as AC, refrigerators and washers during additional stages over the next several years. With the increase in infrastructural development and an avalanche of Hyderabad Investments, the real estate prices are steadily growing. Browse PropertyAdviser.in to stay up-to-date with the latest trending area analysis and find all properties for sale in Hyderabad to make informed decisions. Skyworth to Invest $100m in Hyderabad to Setup a Production Facility Click To Tweet By Govi

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Telangana Declares New Layout Regularisation Scheme for Unapproved Plots

In order to regulate the newly established municipal corporations and municipalities, the Telangana government has ordered a new scheme for unapproved plots. The Layout Regularisation Scheme (LRS) will monitor open plots in unlicensed and illegal layouts in new municipalities. In order to implement the scheme in 73 new municipalities, Telangana has declared that the scheme will apply to the plots registered before 30 March 2018.  Importance of the layout Regularisation Scheme (LRS) for Unapproved Plots Regulation of unapproved layouts will authorize the applicant to acquire building permission from the Competent Authority. As per the new LRS, the time for submitting applications is set as ninety days. As initial payment with the demand, just 10% of the total amount of or Rs. 10,000 whichever is less must be paid.  Subject to a total payment of all necessary charges by all plot holders, city services such as highways, water supply, drainage, streetlights are provided. The unapproved design areas will then be incorporated into the proposed city/town development.  A Complete Walkthrough on Telangana Layout Regularisation Scheme (LRS) The Municipal Admiration and Urban Development decreed that the scheme is due to begin on 15 October 2019, and applications to govern the scheme would be eligible for the next three months. Applications for urban development (GO No 251). In the case of the old municipalities, as usual, the Town and Country Planning Department will regularise them. The HMDA governs the plots in the case of municipalities and municipal corporations that fall under HMDA limits. And for other municipalities, although they will be regularised by the Director of Town and Country Planning (DTCP), the applications have to be sent to the respective civic bodies. Only the newly formed municipalities and municipal corporations are to be impacted. For regularisation, the plots must be renewed on or before 30 March 2018, when notices are released concerning New urban local authorities (ULBs). The applications will be handled on-line under this Land Regularization Scheme (LRS).  The water bodies, like the river or Nala, and the buffer zone Full Tank Level (FTL) of any lake, pond lands, and other prohibited categories, shall not be allowed to be used for design and growth. For locations in the vicinity of pipelines for petroleum and gas, clear space and other provisions of the respective Authority shall be complied with, in the notified Master plans and zonal development plans, with areas intended for industrial and leisure activities, waterbody, open areas. Within 6 months from the date of payment of the full amount, the LRS approval is given. Conversion charges will be imposed on locations other than for private use, with the exception of leisure facilities, water bodies, buffer areas, and industries. Yet challenges before the Appellate Authority can be brought in the event of a denial. Penal charges are aligned with land values and the size of the property. When open space is not accessible for parks provided, applicants must pay a reasonable open space fee. Such storage charges are paid based on the prevailing market price, as at the registration date. All the collected LRS sum would be deposited in the separate escrow account for municipal growth and will be used only to expand services in the city. GHMC to Organise LRS MELA On Saturday, the GHMC is organizing an LRS Mela in its zonal offices to clear old requests from people that want to regularize their home layouts. At this Mela, only those requests received and rejected before 31 December 2016 will be reexamined. The GHMC zonal agency located at the West Marredpally main road can be visited by applicants whose property is covered by the GHMC zoning area including Musheerabad, Secunderabad, Malkajgiri, Amberpet and Begumpet Circles. In 2016, 85,313 requests were received under GHMC constraints. While hearings were conducted on 28,972 petitions, 20,502 requests were rejected and 978 applicants did not pay the appropriate charge. Reports from 28,306 applicants are incomplete. A statement issued by the GHMC stated, "Zonal town planners will make arrangements for the timely elimination of LRS applications during Mela." The public officials said the regularization will not be considered open plots situated in the lakes, water systems, Nala and the full tank level in any lake, pond, industrial areas, open spaces and entertainment in the main plans Conclusion This new Layout Regularisation Scheme (LRS) benefits the owners of the unapproved layouts, as they can come forward for regularisation, to get building permission and authorisation for civic facilities. Any layout, if failed to regularise, will be kept in the prohibited list means they will be not eligible for sale or purchase. Are you interested in getting updated with all the latest real estate happenings? Browse propertyadviser.in to find all trending real estate news and all properties for sale in Hyderabad to make smart, profitable decisions. By Govi

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Top 5 Factors for Setting Price for Houses for Rent

As an owner, when your property is open for rent for the first time or even when you have done it before, setting a price to your house for rent is a tough job. Several factors can help you to set the right price for your unit. The correct house rental rates will attract future tenants to your property and will generate a profitable income for you. When you are setting a price for your property, you will have two competing forces at stake like getting a rate affordable for renters. But, at the same time is should be high enough to make a reasonable profit for you, which can be quite a tricky part of deciding on the house rental prices. When determining your rent price, you must weigh both factors. It is therefore essential to carry out market research and to know the value of your property.  Let’s know about some of the significant factors for you to set the right rental price: Similar Property Listings in Neighbourhood To estimate an approximate cost for a property, you need to check with the similar listings. Always compare oranges with oranges and not with apples, because if you do so, you will be misleading the entire process. See properties with similar size as yours in the same city as you. But in particular in the same area of the city as your rental. Prospective locators typically want to pay more rent for new buildings. Before using the house for rent tag, owners can also check for online ads to keep track of the apartments which are renting quickly. The ones that are decreasing their rates and those who have been classified for the weeks. What Kind of Amenities your property has for tenants? Do not set a standard price for every single bedroom or create a standard price gap between 1 and 2 bedrooms. That technique will ultimately hurt you unless the modules are precisely the same. The landlords need to set the rent base on property view like a perfect garden view, advanced technologies like smart home automation, floor levels, furnished or semi-furnished, etc. You will also have to consider how different facilities and services are charged. The homeowner, for instance, is responsible for the collection of specific fees in a variety of multi-family homes, thereby lowering the rental price of services. You will have to cost the renters extra if this is the case. You must also take stuff such as parking options into account to accurately price your unit.  Keep a keen eye on Nearby Infrastructural Developments Location is one of the critical factors in the area of housing. You can have a significant impact on the rent that can be charged if your property is in the heart of the city with secure connectivity, shopping, entertainment, school, work, food. Since maximum people hate travelling daily. If it’s in an excellent position with great accessibility, tenants are often prepared to pay a premium so that they are close to their daily necessities.  However, it may be more challenging to get a high rate for houses for rent if your location is more extended and requires ample time to reach your destination. But, it doesn’t need to be like that always, since, with new infrastructural growth like IT offices, schools or any structural developments families would flock up for the houses for rent giving you a chance to increase the rent. How is the Market Demand for the property? It is not one occasion to stipulate a price for your rental. You must keep an eye on the market and adjust the rent on a demand basis.  When the economy is terrible, for instance, rent demand can rise, because people can no longer afford their homes and instead are forced to rent. A weak economy could also lead to higher demand for smaller, cheaper apartments due to the downsizing of people.  In some instances, vacancies can ruin the confidence of an owner. Since they have to pay a sizeable down payment and your monthly costs can also be a burden. In such cases, you can take a step back on your house rental price. The fundamental rule is that you can charge a higher lease if there is greater demand for your unit. You may have to cut back on rent to attract tenants when the need is reduced. Increasing the rental price shouldn’t be the only goal! Consider the difference between your particular apartment or unit and the other units in the neighbourhood. Like how appealing it will be for the future inhabitants, does it can be eligible for living as per the necessary standards, etc. For a newly renovated property, you can add a little extra when compared to the previous rent or need to adjust it accordingly if it’s better or worse. As a landlord, your goal is to maximise your rental income. However, maximising profit does not always mean accepting your tenants at the highest rental price. You will choose the renters who will pay on time and take care of your property to increase your income. To sacrifice a bit of the rent for good residents is paying off over the long term. Such good tenants will not make you feel guilty and will not annoy your neighbours.  Conclusion For setting the right price to houses for rent, even though you can't find a long list of identical properties, the best place to start is to study other properties on the market. Rental prices may be difficult to set, but flexibility is always possible. You can also predict price fluctuations over time. The rental market can change, the cost of housing can change, and even the priorities will change. You can make adjustments to house rental rates to the variations between your part and your unit after creating your comparable lists. What is working for you right now, especially if you find that your rental does not attract enough tenants, may not work for you in several months. So, always stay up-to-date with PropertyAdviser.in, to see all information on the latest trending real estate news, complete area analysis to make informed decisions. By Govi

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Five Important Factors behind the Depreciation on Building
Five Important Factors behind the Depreciation on Building

Real estate is an asset of high values ??and represents intellectual, economic decisions in people's lives. Many elements affect the cost of a property like location, occupation of the property, area, environment, services in the area, and many more. These factors must be considered by both buyers and sellers when setting the price per house. Appraisers and real estate agents usually consider these factors together, instead of assigning value according to an individual factor. A buyer has to consider these factors that affect the valuation of a home so that they can make the best investment in the long term. The valuation of a home is an important element when making the decision to buy a home in Hyderabad, taking into account that this is one of the most important investments of your life, which in the future could mean a better return if you wanted to sell it.  The general characteristics of the apartment, such as the class of the surrounding neighbourhoods, the types of building in the sector, and the activities that predominate in the place. In that sense, the area where the home is located will be key to acquire less or greater value. Being in a flood zone with high environmental and auditory pollution, situations that affect safety will be environmental factors that will result in property devaluation. To determine the value of a residential property, you have to carry out an exhaustive analysis of the property and compare it with similar properties recently sold in the area. This information will serve as a starting point to determine an approximate value to buy. However, the value probably suffers deviations caused by some of the factors are as follows. Investing in a prominent area of ??the city, or presenting an important growth projection will always be definitive for the value of your home. An excellent location and a desirable environment are defined by several elements such as Current situation of the real estate market and trends in supply, demand, and prices of supply and properties sold in recent months. Financing possibilities and characteristics of mortgage loans. State of conservation of the property and need for reforms. Property situation and characteristics of the area where it is located. That is available services, proximity to green spaces, and the other regions of interest, socio-economic level of the neighbourhood. The Main Factors that Affect Property Valuation are: Location of House One of the factors to consider when placing the price on any home is, of course, its location. And is that the sector where it is located can play for or against. The advantage of a central area is the proximity to key points of the city and the ease of transfer. However, some may consider this a disadvantage due to population density and noise pollution. Probably, a quiet area within the city and not just outside it will have more demand than one in the centre or suburban sectors. Property Conditions and Age It can be thought that a recently built house has a higher value than older homes. However, in some cases, the years can add up, especially if they are buildings with historical value, whose facilities are well preserved, which can be considered an added benefit when assessing the property. Newly constructed houses in Hyderabad will sell for more than older homes because they’ll typically require less maintenance. The conditions of the house, like structural integrity, electrical work, plumbing, and fixtures, are all worth considering. Surface Area Undoubtedly, not only the square meters inside the home but the land measures will result in house devaluation. Here the thing that is more can be applied since each square meter adds to the final price. Sometimes, the extension of the property can play against it. In cases of too large land, some choose to subdivide and sell in lots, this can facilitate the sale, and several properties would be sold instead of one. Distribution of Home Beyond the surface, there are factors that can result in property depreciation are the distribution and functionality of the space. An efficient distribution goes through the use of each square meter, but also to generate harmony between the different rooms. Many buyers prefer a ready to move apartments in Hyderabad, which helps to invest later in reforms that can inflate the budget considerably. House Conservation The state of the house, of the farm and even of the adjacencies, can balance in favour or against when placing the price on it. If the house is in excellent condition, but not the farm or even the neighbourhood, this will have a negative impact when it is offered in the market. Finally, you’ll want to think about house accommodations, and features of the house like structures, electricity, plumbing, and fixtures are all worth considering. Each property has its specifications, so it requires specialists who can guide prices on each type of property to achieve a good appraisal. For example, apartments for sale in Hyderabad, which are close to shopping centres and with easy access to major highways and transportation facilities, tend to sell for more than ones far away from everything. Visit www.propertyadvsier.in, India’s first real estate directory portal to find the best home. Property Adviser professionals visit every area and get monthly updates with updated property information like the latest price, available units, construction status, and many more. This verified property information helps you to make well-informed decisions. Select us as a guide and reach your dream home easily with one click. By: Shailaja K

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CLAP Portal Launches for PMAY Subsidy CLSS Scheme

On Nov 25, 2019, Hardeep Singh Puri, the Union Minister of Housing and Urban Affairs has unveiled a new online CLSS Awas portal (CLAP) to monitor the Pradhan Mantri Awas Yojana subsidy on home loan by the government. He added all the applicants can now easily track the status of their PMAY subsidy applications online without any need of travelling long distances. Additional to this launch, the signing of agreements for the development of Lighthouse schemes under GHTC-India between the Union Housing Ministry and the State governments has also been initiated. What is Credit Link Subsidy Scheme? The CLSS scheme is to use the credit-related subsidy portion as a demand-side intervention to extend the institutional credit flow to the housing needs of the urban poor. Interest grants will be credited to the receivables ' loan accounts via primary loan institutions to reduce the efficient housing loan and equated monthly installation (EMI). As per the scheme, Economically Weaker (EWS) and low-income (LIG) loans by banks, housing finance agencies, and other such institutions would be generated at 6.0% interest subsidies for a 20* term or loans that are lower. Beneficiaries are liable for an interest subsidy at the rate that is 6.5%. The credit-linked subsidy will only be available at non-subsidized rates on loans up to 6 lakhs and, if any, for additional loans over Rs. 6 lakhs. The CLSS scheme for the first time introduced Mid-income Groups (MIG) including two MIG revenue groups. Rs.6,00,001 for the MIG-I and Rs.12,00,001 for the MIG-II and Rs.18,00,000 for the year. The interest allowance of 4% in the MIG-I has hit loans up to Rs.9 lakh, while in the MIG-II interest allowance of 3% in the Rs.12 lakh loan amount has been made available. In the case of a fixed loan term of 20 years or the real duration, the interest payment is measured at NPV of 9 percent, which is the greater. Loans for homes between Rs. 9 lakh and Rs. 12 lakh are not subsidized. Credit Link Subsidy Scheme (CLSS) Awas Yojana portal (CLAP) Benefits The Credit Link Subsidy Scheme (CLSS) Awas Yojana portal, is expected to address the grievances from beneficiaries in an extensive and organized way. As per the CLSS scheme, the govt will provide interest allowance for individual loans up to Rs 2.67 lakh, which, in turn, will reduce the outstanding principal amount of the loan. Hardeep Singh Puri said the CLSS Awas Portal (CLAP) would help other investors synergize in preparation for awarding grant subsidies. The CLAP portal is intended to provide the recipients of Credit-Linked Subsidy Services (CLSS) with a straightforward and reliable web-based monitoring system in real-time. It allows clients to monitor their status in real-time online. It will provide the credit-linked subsidy services with a transparent real-time monitoring system and would also benefit other stakeholders to work together to provide subsidies to recipients in due course. Technological Innovation Grant for Light House Projects Global Housing Technology Challenge India (GHTC-India) has been introduced to implement' Housing For All mission' to achieve global recognition of alternative and proven construction technologies for fast-moving and cost-effective housing construction.  The ministry and six states, including Gujarat, Jharkhand, Madhya Pradesh, Tamil Nadu, Tripura, and Uttar Pradesh were also signing Memoranda of Understanding on Light House Planning for GHTC-India. The state governments in Indore, Rajkot, Chennai, Ranchi, Agartala, and Lucknow were expressed in Puri's appreciation of light-house construction projects. The Light House projects can quickly demonstrate and deliver live-in homes that are more cost-effective, economical, sustainable and superior and better in construction quality than the normal conventional construction. For LHPs, the Ministry has launched a Technological Innovation Grant, which is additional to the current share of Rs 1,5 lakh per house of Rs 2 lakh for PMAY(U). Conclusion Through these new initiatives, govt is not stepping back to give its positive share to boost the housing industry. The main motto of the CLAP website is to give the recipients of the CLSS scheme a straightforward and reliable web-based surveillance system in home loan subsidy. Always stay connected with PropertyAdviser.in, your one-stop destination for all trending real estate news and find properties for sale in Hyderabad at your fingertips. CLAP Portal Launches for PMAY Subsidy CLSS Scheme Click To Tweet By Govi

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PMAY - Center Aims to Achieve the Target of Housing for All by 2020
PMAY - Center Aims to Achieve the Target of Housing for All by 2020

Home is a place where everyone lives a quality and comfortable lifestyle. It plays an essential role in promoting social welfare that reflects the economic growth of a country. Pradhan Mantri Awas Yojana (PMAY) is one of the schemes introduced by the Government to provide housing for all the urban weaker sections with quality facilities for a comfortable stay. Pradhan Mantri Awas Yojana (PMAY) Pradhan Mantri Awas Yojana scheme is launched in 2015 and primarily aimed at providing housing for all. The PMAY scheme is mainly targeted for the Lower Income Groups and Economically Weaker Section of the society, basically the urban poor for providing them a house with quality facilities. The houses are built with excellent infrastructure facilities like power supply, water connection, toilet facilities, CC roads, and reasonable access to daily necessities. The scheme provides central assistance using a credit-linked subsidy scheme through implementing agencies which include banks. With PMAY and the credit-linked subsidy scheme, families in India have an opportunity to buy a home at a lower cost by availing interest subsidies.   Latest Announcement of PMAY Scheme The Centre has proposed States and Union territories to grant their housing proposals sanctioned by March 2019 under PMAY (U) for their remaining demand. So that the aim to complete the construction of all houses may be achieved before 2022. On August 21, 2019, Housing Minister Hardeep Singh Puri said all the 1.12 crore units would be sanctioned by March 2020 while the target was of one crore units have been constructing pushing up the target. A total of Fifty lakh houses will be completed and will be occupied by beneficiaries in the next five to six months. The government aimed to build one crore houses by 2022. Around 84 lakh houses have been sanctioned, and the entire one crore houses will be approved soon. 48 lakh houses are currently grounded, but this number will also rise to 75 lakh. The additional assessment demand for constructing 12 lakh more homes have been given to achieve the aim to construct and complete housing for all in early 2020. The minister said that the government will definitely complete the work of houses with high speed under the Pradhan Mantri Awas Yojana (Urban) by early 2021. Progress of Affordable Housing Scheme The government has introduced PMAY Urban housing scheme with four components include Credit Linked Subsidy Scheme (CLSS), Affordable Housing in Partnerships (AHP), In Situ Slum Redevelopment (ISSR), and Beneficiary Led Construction (BLC). They are provided under the central assistance to beneficiaries for the construction of houses. Under CLSS, Centre provides an interest subsidy of up to around Rs 2.67 lakhs on home loans to people, which reduces the principal outstanding amount of the loan. So far, 55,40,801 houses have sanctioned for construction. Out of them, 28,06,465 houses have been completed under PMAYU (Pradhan Mantri Awas Yojana Urban). A total of 26.49 lakh units have been completed over the last four years, while 24 lakh homes have been occupied. The centre has released a total of Rs 52,212 crore, and the overall investment is estimated at Rs 5,19,999 crores. By 2020 all the houses will be sanctioned and grounded to the beneficiaries. The Pradhan Mantri Awas Yojana is one of the best schemes introduced to accommodate a reasonable residential place for people with useful facilities. By providing affordable housing schemes for the eligible groups, it is helping many people to fulfill their housing dream. To meet the requirements of many buyers PropertyAdviser.in India’s first-ever real estate property directory helping many buyers with furnishing accurate information on the newly constructed properties for sale in Hyderabad at affordable prices. Visit our website and find your dream home that suits your budget and lifestyle for a happy lifestyle living. PMAY - Center Aims to Achieve the Target of Housing for All by 2020 Click To Tweet By: Shailaja K

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11 Dec 2019 | 332 Views
Expectations of Union Budget 2020-21 for Real estate Sector
The 2019-20 union budget has reported mixed responses from the real estate market in India, lauding measures for affordable housing and infrastructure, as well as the development of rental housing. However, builders and developers are sceptical, that the budget has not addressed the long-term expectations for the industry in terms of status, single window clearance and reforms in the Goods and Services Tax (GST) and have clinched their expectations for union budget 2020-2021 date that is on February 1st, 2020. The Indian real estate sector has its purposes of welcoming the fact that the Finance Minister has announced a range of budget benefits both for builders and homebuyers. These measures are expected to boost the housing industry and provide homebuyers with plenty of investment opportunities. Although union budget 2019 has its highlights for the real estate, it was not able to address the most pressing concerns of the sector like increase in sufficient numbers of consumers and investors returning to the market, excluding affordable housing. Glitches of Budget 2019 & Expectations of Budget 2020 for Real estate Sector Tax Benefits for First Time Middle-Class Buyers Finance Minister Nirmala Sitharaman, during her first maiden budget, has announced an increase of Rs 3.5 lakh tax deduction cap on the interest paid on home loans approved for the acquisition of the first home purchase up to Rs 45 Lakh in the financial year. It was proposed allowing an additional deduction of up to Rs 1.5 lakh of interest paid on loans leased up to 31 March 2020 in the purchase of an affordable house of up to Rs 45 lakh, noting that interest payable on housing loans was currently permitted as an allowance of Rs 2 lakh. However, some players in the industry have criticised Rs 45-Lakh on the value of affordable taxable houses. Although the sector appreciates the focus on affordable housing and PMAY, the government has at the same time missed the main segment of first-time middle-class buyers who expected a lot from the budget 2019-2020 before they purchased the first house. This has created a huge ignorance gap for middle-class housing segment and hence have piped up the expectations for budget 2020 date for real estate. Never-Ending Single-Window Clearance and Industry Status Issue Budget 2019-2020 ignored some significant issues, including real estate industry status and single-window clearance. Developers and buyers had certain expectations that these issues, when taken into consideration, would have made a significant difference in the Housing for All' by 2022. Although the state accorded the industry status for affordable housing in 2017, builders and developers agree that it should apply to the industry as a whole.  Experts say that without the classification of the industry, the use of legal funds by banks and other financial institutions has been problematic for the real estate industry. Single window project clearance is another long-standing request that is considered to be addressed in the budget 2020-2021. Since the developers already need to obtain multiple permits and approvals, with lack of single-window clearance, it may take 18 to 36 months before any project starts. ITC & REITs Needs an Extra Boost-Up Plans In the previous union budget 2019, the GST council streamlined the criteria on the use of Input Tax Credit (ITC) on under-construction properties. But the complete restoration of ITC was needed by the developers to recover from their ongoing financial pressure. It would have also helped to boost sales since the benefits can also be shared by the homebuyers.  Real Estate Investment Trust (REITs) have already broken several benchmarks in the real estate sector, adding new dimensions. Not only did the cash market expanded, but the flow of institutional funds also increased rapidly. In addition to a few deficiencies, this investment tool needed much more incentives to encourage more investors. The government needs to announce encouraging movements as well as infrastructural developments that can attract further foreign investment in the sector and support the employment sector to strengthen it further. The Crux of the Matter for Loan Crisis According to Fitch Rating's, with some 10 billion dollars of developer’s loan coming to be paid back in the first half of 2020, the fallout could extend to mainstream banks which have borrowed money from the shadow lenders or invested in their bonds. Things have now reached a critical stage, however, because a credit crisis affected shadow banks, both builders and home buyers, as significant borrowers. Although some effective measures have been taken to relieve the situation, a lot more is to come up in Budget 2020-21 to cope up the real estate sector The recent decrease in the repo rate, in conjunction with Homebuyers, has further increased new hopes. Homebuyers can now exercise their confidence in raising the cost of higher EMI loans. The Government can announce more tax advantages in accordance with section 80C and can change the income tax sheet in the future budget announcements. This increases the number of prospective homebuyers, as it increases their purchasing trust. Conclusion The real estate market in India is also expected to address the liquidity crisis faced by the government potentially. In September last year, the crisis appeared after a number of its commercial documents, which affected various segments including the real estate industry, defaulted on major IL&FS infrastructure loans. Taking all these into considerations, anticipations for union budget 2020-21 have been increasing among the real estate stakeholders. Want to stay updated with the latest real estate news and find all properties for sale in Hyderabad? Browse PropertyAdviser.in to put an end to your home quest and subscribe to our newsletter to get the daily digest of trending real estate news to your inbox. Expectations of Union Budget 2020-21 for Real estate Sector Click To Tweet By Govi