Current Indian Real Estate Industry – What’s in and out of it?

Indian real estate developers have shifted their gears and are ready to accept all the challenges to improve the market condition. They are strengthening their teams by organizing and hiring qualified professionals that augment the manpower condition in architecture, engineering, management, and more.

Indian real estate market is one of the most globally accepted sectors that comprise of four sectors housing, retail, hospitality, and commercial. The growth of this sector is incontestably miraculous no matter what the situation is!

People in the real estate sector have bright outlook from it, and they invest without any shilly-shallying because it is the second-highest employment generator in India.

Current state of housing in India	Requirements to achieve the vision by 2022
Size crore housing units shortage	India needs to develop 11 crore housing units
Annual investment in the housing sector is about USD 110 to 120 billion.	Investments more than USD2 trillion or about USD260 billion annual investment till 2022
Average growth of 5-6% in annual real estate sector between FY08 and FY14	Investments need the growth of 12-13% in 2022
Uneven housing distribution as prioritizing just on rural growth	Approximately 70% of housing needs in nine states by 2022

Why is investing in Indian real estate advantageous?

Table of Containts

1. Robust demands
2. Attractive opportunities
3. Predictions coming up for real estate market growth
4. Developments took place
5. Boost to real estate according to the current union budget
6. Road ahead

Robust demands

1. Real estate demand for data centers is expected to increase by 15-18 million sq. ft. by 2025, according to Savills India.
2. India requires 11 crore housing units on a pan India basis by 222 to achieve this target of PMAY.
3. People just want lucrative returns in the future and that investment today is important.
4. Approximately 25 million units are needed of affordable housing to meet the growth and shortage of the country’s urban population housing.

Attractive opportunities

1. Neeraj Bansal- Head of Real Estate and construction of KPMG in India – Decoding housing for all by 2022. The central government is pushing the residential sector by taking some initiatives like the Pradhan Mantri Awas Yojana (PMAY) scheme of the Union Ministry of Housing and Urban affairs. The govt. is aiming to build 10 million affordable houses in urban areas.
2. The demographic trend shows that India is at the peak of large-scale urbanization and over one crore population is going to add to urban areas by 2050. 

Predictions coming up for real estate market growth

1. Size of real estate market will reach $1 trillion by 2030- Ketan Sengupta, CEO, Bengal Peerless Housing Development Company (BPHDC). The Indian real estate market has witnessed a slowdown amid the pandemic but kudos to the realty players who are coming up with tremendous projects with the expectations of improving the market soon.
2. IBEF-India Brand Equity Foundation– By 2040, real estate market will grow to Rs 65,000 crore ($9.30 billion) from Rs 12,000 crore ($ 1.72 billion) in 2019. The real estate sector in India is predictable to reach a market size of $1 trillion by 2030 from $120 billion in 2017 and supply 13%to the country’s GDP by 2025.
3. The retail real estate and warehousing segment attracted private equity (PE) investments of US$ 220 million and US$ 971 million, respectively, in 2020. Grade-A office space absorption is expected to cross 700 MSF by 2022, with Delhi-NCR contributing the most to this demand.
4. Anarock, a property consultant said that India is going to have 100 new malls by 2022 of which 69 will be in the top seven metropolitan cities and the remaining 31 in tier 2 & 3 cities.
5. According to the Economic Times Housing Finance Summit, about 3 houses are built per 1,000 people per year compared with the required construction rate of five houses per 1,000 populations. The current shortage of housing in urban areas is estimated to be ~10 million units. An additional 25 million units of affordable housing are required by 2030 to meet the growth in the country’s urban population.
6. Aditya Kushwaha, CEO and director of Axis Ecorp also said that government should accord industry status to real estate as a whole. Housing loan interest rates need to be reduced to boost demand and sales.

Developments took place

Needless to say, Indian real estate has witnessed amazing growth. A rise has been observed in the residential spaces and office space as well. Indian real estate attracted $5 billion in institutional investments in 2020.

The sector attracted private equity investments worth Rs. 23,946 crore (US$ 3,241 million) across 19 deals in Q4 FY21.homebuyers took the advantage of low mortgage rates and the incentives rendered by developers.

Boost to real estate according to the current union budget

1. To promote affordable housing for migrant workers, Sitharaman proposed to allow tax exemption for notified affordable rental housing projects
2. Debt financing of InVITs and REITs by Foreign Portfolio investors will be enabled by making suitable amendments in relevant legislations. This will help in augmenting the funds for infrastructure and real estate sectors.

Road ahead

The REIT platform allows investors of varied backgrounds to invest in the Indian property market, and SEBI- Securities and Exchange Board of India has given its approval on it. This will help to improve the market worth by Rs. 1.23 trillion in the coming years.

Indian real estate developers have shifted their gears and are ready to accept all the challenges to improve the market condition. They are strengthening their teams by organizing and hiring qualified professionals that augment the manpower condition in architecture, engineering, management, and more. This gives a ray of hope of significant growth of the residential sector and meets the ever-increasing demand of the commercial, residential and retail spaces.

Top Localities in Gurgaon Perfect for Renting

• By Admin
• News

DLF are considered to be the best regions in Gurgaon. These phases have everything that you need to live a comfortable life in a big metropolitan city like headquarters of the top multinational companies in the world, rapid metro connectivity and proximity from highways, etc.

For a long time, Gurgaon has successfully managed its reputation as the best industrial region and the IT hub of India. Taking into account the fast infrastructural development in Gurgaon, you can easily find the best places that are now filling very fast. That’s why most of the working professionals & businesspersons want to secure their place in Gurgaon. Now you can guess why countless people are continuously moving to Gurgaon, this city is located in Haryana and adjacent to Delhi.

If you are in the confusion to find the best region in Gurgaon amid so many options, here is the list of the best place to live on rent with family in Gurgaon.

Table of Containts

1. DLF Phase 1 to 5
2. South City – 1 & 2
3. Sohna Sector 33
4. Sushant Lok 1 & 2
5. Sector 81 Gurgaon
6. Sector 54 Gurgaon

DLF Phase 1 to 5

These phases of DLF are considered to be the best regions in Gurgaon. These phases have everything that you need to live a comfortable life in a big metropolitan city like headquarters of the top multinational companies in the world, rapid metro connectivity and proximity from highways, etc. When it comes to lifestyle amenities such as super-luxury residential communities, best restaurants, retail stores, world-class schools, and hospitals, etc., you will not find anywhere else in Gurgaon. All in all, this region is best for the elite class looking for a home. DLF Camellias & DLF Magnolias are the super luxury residential communities in this region

Key Highlights

Benefits: Luxury and safe residence
Nearest metro stations: Sikanderpur, IFFCO Chowk & MG Road, and Rapid Metro
Rent Range: Rs. 32000 to 3.5 Lacs
Schools and Hospital: Kendriya Vidyalaya, The Shriram School, Rabindranath World School, Prabhat Hospital and RBS Hospital, etc.
Companies: American Express Banking Corporation, BMW, Mitsubishi, Schneider Electric India Pvt Ltd., Toshiba India Pvt Ltd, Bharti Airtel, and Tata Consultancy Services
Malls: Summit Plaza, Horizon 1 Mall, JMD Regent Mall, DLF Pinnacle Sahara mall, Metropolitan malll, etc.

South City – 1 & 2

Another best residential neighborhood in Gurgaon, here you can find a wide range of options for rent like apartments, floors, and villas, etc. Surrounding of South City 1 & 2 is peaceful thanks to the abundance of parks & green area. An abundance of shopping destinations and easy accessibility from hospitals, schools, and highways makes this region perfect for the family. Rent in these both regions combinely ranging between Rs. 13000 – 48, 000 for 2 BHK.

Sohna Sector 33

Sohna is a different region in Google Map but geographically it is the part of Gurgaon. In that way, Sector 33 Sohna comes on the list of a good place to live in Gurgaon. Here you can find the best apartments, villas, and floors for rent & sale. Here, Godrej Nature Plus is the best residential project from Godrej Properties. This sector is directly connected with Gurgaon and you can find the best institutions, hospitals, special economic zones, and markets which makes it the most demanded region.

Key Highlights

Benefits: Green & Peaceful Region
Schools: GD Goenka Signature School & Delhi Public School
Malls: Sapphire Mall, Omaxe City Center and Elements One Mall, etc.

Sushant Lok 1 & 2

This is the best choice for the people who want to live in the middle of posh surroundings, green neighborhoods, and modern conveniences. Many people think that rent or properties in this region are very costly but if you visit this locality & home here, then you will find many hidden luxuries that make this region worth it. This region is positioned nearby IFFCO Chowk Metro Station, you can find parks, green surroundings, shopping malls, restaurants, and hospitals here to cater to all your daily living requirements. Here you can easily find 2 BHK Apartment for rent at Rs 24, 000 to Rs. 30, 000. Silverglades Hightown Residences in Sector 28, Sushant Lok 1 is the best-gated community in this region.

Key Highlights

Benefits: Safe locality, proximity from Metro, and ease of access from Delhi Border
Schools: Delhi Public School, Safari Kids Day School, and Amity International School
Malls: Gold Souk, Spencer, and Gold Souk.

Sector 81 Gurgaon

If you are looking for luxury apartments in Gurgaon for rent within a residential community with a wide range of amenities & convenience at a very attractive price then this sector can fulfill your expectation. You can easily find the best apartments for rent from ranging low to high rent. Since this sector comes under New Gurgaon, here you will enjoy a great neighborhood of high-rise residential communities, proximity from commercial sectors, some of the best schools, and fulfillment of your daily necessities.

Benefits: Ease of access from NH – 8 & Dwarka Expressway
Schools: St. Xavier’s High School, Mantrikiran High School, Broadways International School

Sector 54 Gurgaon

If you want to live nearby green surrounding & an adequate distance from the city then you should consider Sector 54 Gurgaon. Here you can find a luxury apartment at a very reasonable price and you won’t face any problem in reaching out to your daily requirements such as top schools, malls, and markets. You can easily find a 3 BHK or 4 BHK Apartment in DLF Crest at the very best price.

Benefits: Direct access from Golf Course Road & Golf Course Extension Road, Proximity from Metro & Rapid Metro
Schools: DLF international school, Shiv Nadar School, Lancers International School, Shalom international school
Hospitals: Paras Hospital, Fortis Hospital, Artemis Hospital

6 Ways To Get More Rental Applications For Your Apartment in Delhi

• By Admin
• User Guide

The best way to get more rental applications for your apartment in a big city like Delhi is to have a well-maintained property in the main location at a very reasonable rental.

As an existing property owner, you cannot do anything with the location but there are many other things you can change to make the property more desirable to the best tenants. You can give obvious information to emphasize the property’s best features, present a clean and good condition home and represent yourself as the best property owner by demonstrating your communication.

Without any delay, you need to follow the given below points to attract the best tenants.

Table of Containts

1. Find Tenants Online
2. Decorate the Interiors
3. Right Rent Price
4. How to decide on a reasonable rent?
5. Maintenance Matters
6. Written Rental Agreement

Find Tenants Online

These days almost everyone looks at property online before personally visit the site. The online presence of your rental property can increase the probability of site visiting manifolds. Work with the best rental property portal to create a b listing. Prioritize clear & detailed photos, and write an understandable description that explains the attractive features of your property.

Many people still use old marketing techniques like classified ads and pamphlets distribution, but this strategy is less effective.

Decorate the Interiors

You can decorate & enhance the interiors to extend your appeal to a more advantageous, higher-income market. These add-ons might comprise extra space for storage or smart lighting, wardrobes, stainless steel appliances, AC, geysers, and dishwashers, etc.

These add-ons will boost the value of the rental property and facilitate you increase your rental yield in the future.

Right Rent Price

Every proprietor wants to earn high rent from their residential property, but tenants always prefer reasonable rent. And this reasonability of rent depends on the location and demand/supply of the units.

If you demand more than reasonable rent then the tenant will try to find somewhere else.

How to decide on a reasonable rent?

Look at what others are charging in your neighborhood and decide a base price, then evaluate how special & best your property is from others. If you have some additional features then you can raise your rent from the base price. But again we suggest you demand a reasonable rent because high rent won’t attract tenants.

Yes, rising rents can indeed be the key to increasing rental yields. But don’t demand rent out of the market.

Maintenance Matters

This is the best way to attract the best tenants. Regular maintenance of the property makes sure that there is nothing to do when it comes to fixing, cleaning, and showcasing the property in front of prospective tenants.

As well as, preventative maintenance of the property saves not only your money but precious time and increases durability. On the other hand, when things do break, fix them quickly as nothing ruins the tenant relationship faster than a slow reaction.

Written Rental Agreement

Rental Agreement ties up property-owner and a renter in a mutual agreement where the interests of both parties are protected. So, when you are creating a rental agreement, it should include features like the tenure, rental amount, security of deposit, etc. An ideal rent agreement encompasses provisions like who is responsible for the water, electricity, and maintenance bills. Also, you can add an auto-renewal facility, effective dates, and the