Real Estate gaining Momentum in Ahmedabad -Real Estate Ahmedabad

After having faced sluggish demand over the last few years, real estate sector in Ahmedabad was in for some respite as sales of residential properties witnessed 13% growth in the second half (H2) of 2015. The flow of units in form of new launches also surged by 50%.

As per latest report of real estate consultancy firm Knight Frank of India, Ahmedabad real estate residential sector saw sales of 9075 units during July to December of 2015. It is higher by 13% higher than 8019 units sold in the same period previous year. Real Estate in Ahmedabad.


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Ref: Times of india

How maximize Real Estate Investment return? 5 ways to maximise your return on investment ROI

Real Estate is right choice for Low Risk, Secured investment for long term Among all asset classes, real estate is considered as relatively secure and low risk investment if a person is looking at long run investment. It is considered to be less volatile than other investment options.
Investment in Real Estate has made many people wealthy in short term as well as long runs. One can earn by capital appreciation from real estate property or from Rental incomes. Before investing in Real Estate asset class, one should consider many points to get best returns for particular time horizon, which are described here.

• Location of the property:- The first and very crucial point to consider before purchasing a property is location. According to the property type, residential, commercial or plotting- location should be selected properly. Assessment of future prospectus of location should be considered and following points should be taken care of: 
• Proximity to Public Transport 
• Main road approach 
• Schools, gardens in near by area 
• Crowd and density of people 
• Locality 
• Scope of Business :- Check where large companies or corporate are located If you are going for residential place, check where are corporate companies as their employees need residence in near by area 
• General Amenities:- Check the amenities provided by the projects, the more the amenities, the better as the property value will be good. If the property has general amenities in near by area then also it will be good for residence property as people need not to go anywhere else for shopping, daily groceries, playground, park etc. 
• Invest in a growing area :- If you are looking for long term capital appreciation, go for newly growing area. New developing area offers you better appreaciation chances, and the prices of property will also be reasonable. The prime or established areas will have very high property cost, so owing that property might be difficult for middle class people. 
• Hire a Real Estate Consultant :- In case, the buyer doesn’t have the knowledge or time to analyze the best property options, then one should hire a professional real estate consultant or an advocate for this work. Real Estate agents can guide you thought the whole process and help you in choosing the right and perfect property for your investments. If you are going for a mortgage loan, then the bank will verify the documents and bank only gives the loan if documents are proper and legally valid. 

Pravesh Realty- www.pravesh.co A progressive step towards growth & profitability Pravesh Realty is the next step in efficient real estate networking in Gujarat. We have created an online networking portal that facilitates real estate transactions & deals in an efficient and convenient format. As the name “Pravesh” itself signifies, we aim to help both real estate professionals and home seekers enter a space of harmony and prosperity where they can network and work for mutual benefits in the Real Estate industry. 

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Alphaone Mall Sold out in Ahmedabad Real estate worth Rs. 750 cr.

Ahmedabad real estate market is growing at a good pace since last many years. Specially commercial real estate is in good demand in Ahmedabad city. Retail space is also giving good return on investment.
In a great news, Alpha one mall in Vastrapur area in Ahmedabad is now sold out to Singapore based firm worth Rs. 750 Cr.

Alpha one mall has very good brand showrooms and is always a good attraction for shoppers and is a good place to enjoy.

It is just near prime location of Vastprapur in Ahmedabad city. http://goo.gl/oUU6kO

How Much to Wait to Buy a Home?

Buying a Home: The Issue of Waiting Too Long

 

Today, many home buyers adopt ‘wait and watch’ strategy, which is a main reason why aspiring home buyers are not moving forward to purchase the home. The reasons could be many,why the home seekers are idle rather than getting their dream home. The most significant could be negative real estate markets information about the trends through different channels.

In today’s scenario, the Indian buyers are waiting for two things to  happen-for property price to come significantly down, and the home loan interested to become lowest as possible.From these two factors, the property prices coming down is a major factor to make their purchasedecision pending.

There are also other reasons why people who long to own a home do not take the plunge.For example, they may be confused by conflicting objectives and are looking at whole issue of home buying from an investor’s perspective rather than the house owner’s perspectives. Such mind sets has resulted in people either waiting for the right entry point –the lowest point to which prices shall drop or worrying about the non-liquid nature of the property (in comparison with other liquid instruments such as stocks, gold, silver etc.)

Another reason for buyer paralysis could be the size of the home they want to buy. Every buyer want to buy large house for more facilities and to envy their friends and relatives. But, now a days, the average sizes of home has been reduced by the developers as the prices have gone up. Since the home beyond particular sizes are beyond their purchasing capacity, they wait till their savings increases enough to purchase the desired sized home.

For this kind of buyers who adopt ‘wait and watch’, a deeper understating of real estate market and options available to them can bring them closer to achieve their goal of home buying:

Waiting for home loan interest to come down:

Home loan rates are decided by state of the economy. Even banks cannot arbitrarily bring down the interest rates, without considering economic factors and RBI (Reserved Bank of India) rates. When the whole economy improves, the lending norms and rates generally improves. This is deepened on large macro factors of the economy, so the rates will not move that easily. You will be benefited by the reduced home loan interest rates if declared by the bank, if you have chosen for floating interest rate option in home loan, so anyway you are going to be benefitted from the home loan interest rate cut.

 

 

 Waiting for Prices to come down:

In real estate price correction generally do not happen the most people imagine. Even if the price rates correction occurs, it might be only for particular cities- and especially the locations within the cities, where the supply is significantly higher than demand. If sales are taking places, but at
a slower rate, the prices are expected to be stagnant. If anybody wants to buy a property, they are safe enough in this stagnant price scenario, however low risk is involved in property purchase at this time. The home buying is a considered as a long term investment and in long run, it is believed that the property will not give you negative returns.

 

Waiting to Buy a Bigger Flat : 

 

Size does matter- but not that much. If you are in position to buy a 3 BHK flat in a good location today, one can be assured that it will appreciate in value in future. Assuming your income to grow steadily as well, you will be able to upgrade to a bigger home in a few years. If you are planning for larger home, the prices of that property will also increase if it is in a good location and good property. So do not wait to buy a large house, you can anyway buy it in future.

Property as an investment : 

 

Home purchasing and investment in property are two separate things as the goals are different for each. A home is a one thing we buy to live for and to get a secure place for our family. It is a place where we feel secure and we find peace with our loved ones. An investment property is something we buy to get good profit in future or to rent it our till then. Homeowners view their homes as source of stability and security, while investors see their holdings as tradable commodities.

Like all mind sets, the wait-and-watch strategy can become chronic one for no better reason than that it has become a habit. The decision to postpone the purchase of home, should not be on the basis of limited information, whereas it should solely on the basis of your goals and purpose. Otherwise you will put your dream home further and further out of reach. In short, if you want to buy a home, do not wait, go and purchase it. There is no right time than now, to buy a home for your family.

Reading the Floor Plans-What to Look For?

The Floor Plan is an important document to analyze before you buy a house or flat/apartment : 

When you are on house hunt, you tend to visit new and upcoming properties every other day, may be with your family. During these visits, builder’s sales team pitch you their project, in which they show you floor plan of the building, which is crucial document. The floor plan can give you the instant view of your probable future home. So, it is very important to analyze and understand the floor plans properly.

Generally, we interchange terms- “floor plans” and “layout plans” in common conversation, but it is should not be the case as both are different terms. A layout plan will give you the placements of the buildings, open space, gardens, parking etc. on the whole property. It is the plan at a larger scale, on the whole property (whole society, plot or city). A floor plan is a diagram, mostly to the scale, showing a view from above of the relationships between rooms, spaces and other features at one level of the structure.

A floor plan shows the following at a glance in general:

• The place of rooms and kitchen with respect to each other
• The place of doors and windows
• The direction the house is facing
• Dimensions of each room
• Storage spaces provided by the builder
• Position of different flats on the single floor, lift and staircase provisions
  
  
  

 How to Read the Floor Plans?

While analyzing the floor plans the followings points should be considered and questions should be answered by asking builder or looking at the floor plans. If floor planning is not proper it might create problems like inconvenience, poor natural lighting, and loss of space or unnecessary movement of people, which will cost privacy. Check for dimension of each room as mentioned in floor plan, which will give you idea of size of the room. Check whether the room size (dimensions) match your expected area of room or not. You can compare the floor plans with sample house if available to get the exact idea.

Here is the checklist that you should keep in mind while analyzing the floor plans:

• Check the planning of the each room and movement flow of person from common areas to entrance of house/flat
• Check total number of rooms as per your family size or your future needs
• Are the dimensions of the room suited to your needs? You may need larger room size,often
• The kitchen is very important part of your house, does it have enough space as per your needs?
• Does the kitchen have slots created for appliances like refrigerator or mixture?
• Generally, each bedroom have separate entrance door and should not be connected to each other, as it may hinder the privacy. Do you have to walk from one bedroom to get to other?
• Check the storage space like cupboards or any other as per your needs
• Is the children’s room near the parents? Would you prefer connected rooms?
• How many common bathroom and attached bathrooms are provided? Is guest bathroom provided in common?
• Is there proper cross ventilation in the flat/house? This is very important point for proper planned and ventilated home.
• Which is the facing of the house? If you believe in Vastu Sashtra, then is it as per the Vastu Shashtra?
• Do you get enough natural lighting? Check the sun shades, which might appear during the day time. Will it get morning sunlight or afternoon sunlight?

By analyzing and considering these points, you will get the overall idea of the property. However,you can get the best feel of the property once it is constructed or in the sample house.

Buy New Residential Flats and Apartments in Ahmedabad

Pravesh a leading light of the real estate industry in India. Since its inception Pravesh has set the highest standards for itself, It has grown into one of the most awarded companies in the country acclaimed for its transparent business practices and innovation.

A sincere belief that "An educated customer is not a threat but in fact is a customer for life" saw Pravesh launch a pioneering consumer awareness initiative called 'Pravesh Home Facts' through which the customers are enlightened on all the nuances involved in purchase of real estate property. The 'Pravesh  Home Facts' book contains information on all the possible rights of a customer and helps make considered purchase decisions.


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Real Estate in Ahmedabad Expected to Rise in nearby Future

Real Estate market in Ahmedabad city has been stagnant in several areas from last couple of years. Even though the stagnant market, many real estate development projects in Residential as well as Commercial projects have come up in different localities. The inventory in Residential real estate market in Ahmedabad has increased due to unsold units.

However, since last two months, the inventories are selling faster in comparision with previous months. Due to festive season, people are making bookings and developers are also offering discounts and different cash back options to customer when they book during the Festive season. Some developers are also offering assured percentage of return on their investment in property in their project, till the possession is handed over. The commercial real estate market is also attractive due to the attraction of retail spaces among the investors to get good return, till the project completes.

The market is expected to improve in short term future and Ahmedabad Real Estate market will see innovative building project coming up in good locations. We, at Pravesh, can help you in your real estate transaction and getting you right property as per your needs. Visit www.pravesh.co for more details and to find your dream property. www.pravesh.co