How IoT Is Changing The Real Estate World?

Mornings are different now. We can move more conveniently in life and a lot has changed in a couple of decades. Because the world is more interconnected now, we don’t have to be concerned about turning off the lights when leaving the house. When we get in the car, Wi-Fi is off automatically, a complete health chart is on the phone, calories, tips everything is available on the internet.

No need to worry about anything more!! Thinking why?

Well, we are living in the IoT world- the Internet of Things, not just a buzzword anymore!

This is something being observed in every industry so how would real estate have stayed back and behind? This is one of the most outstanding innovations that have changed lives forever and we are going to live and work in this only.

IoT is the system of integrated computers, sensors, and smart devices connected to collect and analyze the data and give results for the same.

and analyze the data and give results for the same.

Table of Containts

1. Evolution of real estate through IoT- progress on notes
2. Let’s now see how Real estate is getting benefited from IoT applications!
3. House hunting made easy & super quick
4. Smart homes prepared for smartest living
5. Quicker and better decisions, why to delay the process?
6. IoT has a dazzling potential ahead…

Evolution of real estate through IoT- progress on notes

This is a pure blessing for all the sectors and is impacting society in an embryonic way. Real estate is one of the promising industries that have changed its structure with IoT. From buying to selling to renting, everything has changed, including how people interact with their surroundings and earn money. The connected network has made the transactions easy. The agents can sell the properties without being present on site. In this, you can save time, money, and energy.

Hotels, residences, and more construction are taking place using this technology. Smart technology has resulted in a better and efficient way of building management. Countless builders have already adopted this technology and are working on the process and preparing out magnificent structures like Tata Eureka Park Noida, Conscient Hines Elevate, etc. implementing these smart solutions to increase the home resale value and make them stand as tough competition in the market.

Let’s now see how Real estate is getting benefited from IoT applications!

Needless to say, Real Estate is one of the biggest industries in the world that vouch for countless people several benefits. There is hardly any person on this earth who is left untouched! It has impacted the industry and the people who work in different ways.

House hunting made easy & super quick

Now or then, all of us need a home at some point in time. The growth of IoT has enabled us to include the new methods through which we can locate our next home. The fact that countless people can find homes online to avoid physically going to a location is well known. However, many people are still unaware of this. Also, this is quite beneficial in this pandemic time.
Renting applications, unique solutions online, finding and booking the properties, virtual tours, are all IoT powered. It is enhancing the productivity of real estate agencies.

Smart homes prepared for smartest living

It is one of the most recognizable things in the market. Every second person is looking forward to smart living and it has benefited countless people who want smart features under one roof. This all has been possible because of IoT. Myriad amenities can be enjoyed in these homes like enhanced security where you can have a look at your home through the cameras connected to your phones.

Then you can save a good amount of bill like almost 15% is possible with the smart appliances, as they work quickly.

Quicker and better decisions, why to delay the process?

Smart homes are of course having better resale value looking at the current demands. With the help of IoT people are connected in an improved way and the retailers are looking for smart spaces to capture the flow of customers. Retailers can use this to understand where their customers spend most of their time, as well as what they are actually looking for.

IoT has a dazzling potential ahead…

The technology already has a bhold in the market, and I am sure that in the coming years, it will dominate all other technologies. Approximately three-quarters of respondents believe that communication with customers will change considerably. Its utilization has just begun and it has proved to be a blessing, imagine how beneficial and integrated it will be in the future!

IoT and mobile devices together have the potential of providing a boom. There are plenty of opportunities that have room to streamline the errors in our lives.

Surprising Facts About Gurgaon Real Estate!

• By Admin
• News

The Gurgaon real estate market can be a surprising place at times, with home buyers paying more than Rs. 30 Lacs for 1 BHK and spending in Crores for the homes that are not more than 2500 sq. ft. in area.

This is unquestionably an extensive & vast real estate micro-market and difficult to navigate through even for the more knowledgeable investors, because of its inherent immensity. Here are some of the surprising facts about Gurgaon real estate to help you understand the market a little bit. 

Table of Containts

1. Property prices are rising so fast at the speed you can’t think
2. Residential property prices are a little crazy
3. Gurgaon real estate boosted by well-paid working professionals & business class
4. More than 100 million rupees for a single property
5. Most expensive office spaces

Property prices are rising so fast at the speed you can’t think

Go to any real estate forum and you will read people heatedly discussing residential property values and how they are getting out of reach. Even you take the current Covid-19 pandemic in mind when property values in the rest of Delhi NCR facing a downturn, residential properties value in Gurgaon has grown.  

According to a research by reputed property consultant website, many regions in Gurgaon saw an upward movement in average prices (1.6 – 3.4%) in the first couple of months of 2021 compared with the year-ago period and this is happening during the pandemic. Now you can imagine the estimated price rise of normal days.   

Residential property prices are a little crazy

Yes, it is true that residential property prices in Gurgaon have become a little ‘expensive’ in recent years. If you take 2020 Jan-Mar as a starting point, prices in developing sectors on Golf Course Extension Road have shot up by an insane 6.97%. An apartment in Sector 65 Gurgaon that was available at the price of Rs. 8,840 per sq. ft. year back, now available at the price of Rs. 9137 per sq. ft. But still, there are many developing locations on Golf Course Extension Road where property prices are still stable. Gurgaon real estate is full of surprises and hard to forecast.

Gurgaon real estate boosted by well-paid working professionals & business class

Want to know why property prices are so high? Blame it on working professionals & business classes with deep pockets. Many reports & data reveal Delhi-NCR has nearly 1/4th of India’s billionaires – calling Gurgaon their home or second home. As well as, there are numerous paid working professionals of MNCs who are ready to pay any amount for luxury homes in gated communities. And that’s why many reputed real estate developers like DLF, Tata Housing, and Godrej Properties launching luxury residential projects with the best features & amenities. 

More than 100 million rupees for a single property

When it comes to the Gurgaon real estate, how can we forget to mention DLF The Camellias in Sector 42? The famous residential project is known for super-luxury features & the most expensive homes. This residential project launched in 2014 at Rs. 22, 500/ sq. ft. and now is available at Rs. 38500/ sq. ft. According to real estate experts, the total value of this project is approx Rs. 12, 000 Crores and most of the buyers of this residential project are belong to Delhi NCR, many of them from ‘The Magnolias’ and ‘The Aralias’.

Most expensive office spaces

This region has its own special identity of being an IT hub of North India, because of the numerous MNCs residing there. Gurgaon is not only one of the most preferred locations from a living point of view but also functions as the base for commercial developments. But it’s not cheap to buy or lease a commercial property here. The commercial space of Gurgaon is some of the most expensive in India. 

What Do You Need To Buy A House For The First Time?

• By Admin
• User Guide

Now you are ready to take one of the biggest investment decisions in your life – buying your dream home. It’s normal to feel excited & nervous simultaneously at this time.

Some of the biggest questions generally come in mind at this time are:

• Will I be able to get my dream home as per my expectations?
• How to get home loan and arrange down payment?

Determining how & where you are going to buy your dream home will help in get the best deal for lifetime. In this blog we have included everything that you will definitely need to keep in mind while buying a residential property for the first time.

To make this more understandable we have divided them into different categories.

• Preparing for the home buying
• Finding best residential property
• Best home loan option
• Avoiding first-time buyer mistakes

Table of Containts

1. Preparing for the home buying
2. Finding best residential property
3. Best Home Loan Option
4. Avoiding first-time buyer mistakes

Preparing for the home buying

• Saving for your dream home

Home buying decision comes with the biggest cost that will not only consume your lifetime saving but also more. That’s why home buying decision is backed with years long planning & savings. This means you might have to hold back many other unnecessary expenditure like buying iPhone, foreign trip and many others.
Even with your lifetime savings & compromises on other expenditures, spending all that money to buy your dream home is not enough and then appears the requirement of home loan assistance (we will talk on this point in next paragraph).

• Estimating affordability

It’s natural that you would want a home that not only looks luxurious but also feels comfortable from inside, large with many rooms, spacious and equipped with branded features. On the practical ground, you can only buy that comes in your budget. But you should try to find the best home that is close to what you have wanted and fits in your budget.

Finding best residential property

• Location and neighborhood

If you are still spending couple of hours in travelling between home & office every day after buying an expensive luxury home then this is a bad investment, and every first time home buyer should be careful.
The location & price of your preferred residential property should go hand in hand. As well as, the locality and security & safety level plays a big part in determine that how your life would be here. So, if you are selecting a location for your dream home we suggest you to checking:

• Ease of access
• Safety
• Basic amenities and facilities
• Proximity from schools, hospitals, malls etc.
• Travel time from you office
• Resale value

A perfect home

What is a perfect home for your family?
A home where kids have their own room, you have a separate space for Work from Home, a spacious kitchen embrace appliances and many other points depend on your expectations.
According to your requirement it could be 2, 3 or 4 BHK Apartment, Floor or Villas.
Just after the budget, spaciousness and features of the home are the important points. Real Estate of Gurgaon is filled with different types of residential options to buy like luxury apartments, floors and villas, Joyville Gurgaon Sector 102 is the best residential project. There are many other residential projects from reputed real estate developers in Gurgaon, so you have wide range of options to select the best for your family.

What you should look in your dream home?

Space

In the big cities space equal to liberty, more space means more liberty. Liberty of designing interior the way you want and select the furniture without any compromises and so many other things. But spacious homes at the best location of the city come at very expensive price tag. If you have limited budget then you should find the best in your budget.
Tata Value Homes a subsidiary of Tata Realty is known for presenting luxury & spacious homes in one of the best locations of the cities at very attractive price. In Delhi NCR you can visit Tata New Haven Bahadurgarh and Tata Eureka Park in Noida.

Best Home Loan Option

Evaluating your Home Loan options

In India, from bank you can find home loan with different repayment plans. These days most of the Government & Private Banks are providing home loan at 6.80% – 7.50% interest rates. According to the banks, this existing interest rate is all-time lower. By evaluating all the available options you can select the best loan with the best terms.

Estimating your loan budget

First of all you need to realize that how much monthly installment you can afford to repay. As this cost will be a part of your fixed expenses from the moment you sign up for the loan and will continue for the next 15 – 20 years.

Avoiding first-time buyer mistakes

• Amateur mistakes

As we mentioned in the top paragraph, buying home for the first-time homebuyers is an exciting feeling. It is an investment that cost your lifetime savings & more, so you need to take every step carefully. That’s why we have listed some common mistakes that you should avoid.

• Finalizing property before applying for loan
• Not checking credit scores
• Not evaluate different loan options
• Spending above the fixed budget
• underestimate possible repair costs

If you think that finding a best home for your family is very tough task, you can take the help of professionals to avoid falling for scams and huge buying mistakes. You can also visit hcorealestate.com for best property options anywhere in India.