Goa Property Market Lures Investors

Goa's pristine beaches not only attract tourists, but are a haven for home seekers as well. Real estate brokers estimate that residential property in Goa commands high rentals along with good resale value. A well located, sea-facing apartment in Goa can get the owner as much as Rs 1 lakh/ month.

A construction boom has swept all over Goa. Many villas and apartments (on freehold basis) are coming up in the vicinity of Panjim, Mapusa and Calangute beach. Prominent real estate developers have announced some promising projects the city. Big players like DLF and Parsvnath have already launched exclusive residential projects in the city. Along side, builders like Acron (which caters to the select holiday-home buyer group) Araujo Home Makers, Sanatan Financers & real estates Pvt. Ltd have also commissioned some interesting projects in Goa. Real estate developers, Jai Bhuvan, are coming up with six luxury residential projects in Porvorim and Nerul.

Commercial property in Goa is also doing well. The city hosts some of the best five star properties. Small hotels also do good business as a substantial number of tourists flock the city all year round. Pentagon Arcade, by Jai Bhuvan developers, is a prominent hotel space. It includes showrooms (of the size of 120 sq mts and 200 sq mts) on the ground and first floor. Additionally, the developers have grand plans for a lavish conference hall on the sixth floor. Beside this, Sanatan Financers & Real Estate Pvt Ltd are coming up with a luxury resort called Kohinoor at Sirvoi. Another property developer Chowgule Real Estate and Construction Pvt Ltd has plans for a business centre at Miramar

All these facts just endorse that Goa Real Estate segment is already sought after. Areas like Anjuna, Candolim, and Calangate are the new zones of residential property. Soon the legalisation of casinos will bring in more revenue. Goa is about to spark off on the global investment markets. New property projects are launched every other day. Investments are pouring in from local people, HNIs, NRIs and developers and this makes Goa lucrative for everyone.

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Real estate: Investment opportunities in Goa

Goa 'the ultimate holiday destination', in recent times is emerging as the pre-eminent investment destination in India.

More than local investors, it's the foreign buyers who invest big time in Goa real estate, says Andrews, a broker source from Goa. The returns from investment in Goa in long term is considered very good. Stamp duty and other property taxes are comparatively low in Goa.

Beside, the tourists are also in the race to acquire their own home in Goa, since hotel industry in the state is booming and thus the cost of staying in hotels is quite high, so the people who visit Goa often are now vying to have their own holiday home in the state.

Adds J Dsouza, real estate broker from Goa, "Furthermore, this can be a good investment option as when they are not on vacation in Goa, they can rent out their property at high prices and can have excellent returns at hand." Moreover, possessing a seaside villa in Goa is a dream for every individual and it spells status symbol.

The cities laissez-faire lifestyle, adds an extra amount of appeal to this captivating destination. Rated as one of the best states to live in, Goa is a very peaceful place with lower rates of population, pollution and crime.

Real estate in Northern Goa is more expensive than the Southern districts of Goa, states Ashok Kumar a property broker from Goa, "South Goa is more at peace with nature and is best known for its scenic beauty, whereas north Goa is more youthful, high on night life and zeal."

He adds on further, "but currently the developments are taking place all over Goa, Southern district may not be that dynamic but it is catching up fast with many big real estate projects underway and quite a handful to be launched soon. The same goes for real estate in suburbs and peripheral areas."

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Modi Effect on Noida Real Estate

The Modi wave has made real estate sector to jump for the hope for revival in moolah of the under-performing industry. In order to bring in great transparency, The Noida Real Estate has sent proposal to Narendar Modi for the implementation of single window clearance.

Though it is one of the most sought after business in India, but it still it has not received that status and reputation which it suppose to be. The internal lack of coordination among builders and authorities has left it in a phase of darkness. Lately, real estate market has suffered a lot due to the uncertain political environment surfacing the country. The real estate players expect that the new government would ensure industry status to the sector which will ultimately ease the inflow of funds. Apart from this, due to government intervention the move will also ensure a better regulated framework and increased transparency in the business.

For a developer in U.P. it takes almost one year to get all necessary clearances, therefore developers expect from Modi that he will take care of all such issues and permit single window clearance for developing new projects. There is an urgent need to reform the approval process as state and central agencies act individually without any correspondence between them, which delays the project from kicking off. The ongoing multi-agency processing of projects adds 40 percent to the overall cost of the project.

In a current scenario, real estate market directly or indirectly employs lakhs of people and its demands cannot be ignored any longer. It is estimated that if a smooth and efficient system is put in place, the industry will be able to reduce prices up to 25 percent which will double the sales.

If the government implements such a scheme, the buyers will be benefited with affordable projects. Government will get profit from a healthy real estate industry as it will lead to an increase in state and central government's revenue by 100 percent and hike the nation's GDP by as much as 1.5 percent.

While the industry is pinning many hopes to the Modi government, it is all set to accept its own responsibility towards the growth of sector. As BJP's manifesto has promised housing for all, the builders are looking forward to work with the government in achieving that goal. The members and officials of CREDAI NCR have committed for its full support to the government's proposed ideas for making India a strong nation and a better society.

The real estate developers are hopeful that Modi's government will work towards the economic stability of country. They expect that the government will reboot the regulatory framework surrounding real estate and put a mechanism for fast-tracking the process of developing projects. This in turn will boost the confidence of stakeholders in the real estate industry.

After waiting for so long, Narendra Modi has emerged as the prime minister of India after garnering majority votes. The advantage is that 2014's NDA-led government is touted to be one of the most stable governments after almost two decades.

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The Merits of Investment in Real Estate in Noida

Owning property isn’t always easy, but there are plenty of perks.

 Buying real estate in Noida is about more than just finding a place to call home. Investing in real estate has become tremendously popular over the last fifty years and has become a common investment vehicle. The real estate market has plenty of opportunities for making big gains and we shall explore the benefits in details.

Investment in Noida real estate actually means to purchase property to achieve profits. The profits are comparatively more than other kinds of investment. It can be investing in condominiums, luxury apartments, commercial property, pre construction real estate and pre launched projects. The profits depend on the locations you choose.

 The advantages can be listed as:

 Appreciation: - The majority invests to gain profit on short term, long term basis. The long you invest for, the more the profit. In short, in real estate investment you always should be looking forward for good opportunities to invest.

 Rental income:-This is the cream for the ones who do investment in Real Estate. People who are looking for long term investment generally do not want to sell of their properties. They take the advantage of the situation to get an additional benefit out of it. The rent money acts to make the investors financially sound for further investments. In this scenario, the cost of the property also increases, plus you enjoy the periodical benefits of the rental.

 Location: - There is a section that likes or rather they look forward for investment in real estate at one of the most known locations with enormously expensive rates only of taking the advantage of the importance of the location. As in they would invest in Khan Market or Peddar Road than to invest in Shalimar Bagh or Sion.

Most Excellent Source of Investment: - Investment in Noida real estate is the best source of investment, if you are looking forward to invest in various sectors such as trading, manufacturing, education and obviously real estate. People with a vision usually prefer to go for investment in real estate as it is considered to be the safest of all the mentioned options. The benefits of investment in real estate will definitely get you more returns without much labour as compared to other sources.

Value Addition: - One of the important benefits of investment in real estate in Noida. If a person takes over an old property which can be a single or double storey and reconstruct it into a skyscraper, multi-storey building, he can earn limitless benefits of investment in real estate by selling the floors at extravagant prices.

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Noida Extension in the fast track of realty development

Noida Extension part of Greater Noida (part of the state of Uttar Pradesh) has come under the realty radar. The four sectors which comprise of the Noida Extension are governed by the Greater Noida Development Authority. This area was essentially dedicated to affordable homes but things are starting to change now. Noida Extension will be transformed into a new residential hub in the National Capital Region. Several new projects are launched in the area getting a good response from residents in and around Noida Extension. The Dadri Main Road connecting Noida Extension provides better connectivity along with the upcoming expansion of the metro in the National Capital Region. The area is mostly occupied by small scale and medium scale industries. In terms of social infrastructure, the area has a good stronghold with a number of entertainment avenues.

In the year 2011 we saw 2.5 lakh homes launched here out of which 1.5 lakh homes were bought in the pre constructions stage itself. The construction work came to an abrupt halt with the farmer protesting on land acquisition issues. However this has been resolved now. Property in Noida Extension turned out to be a good investment option after all.

“The housing demand in Noida Extension is going to be very high after National Capital Region Planning Board (NCRPB) approval, while supply is very weak. Prices are bound to increase because of various factors such as hike in compensation to farmers and rising input cost. Prices were Rs. 2,100-2,200 a sq ft in this region last year. Now we expect the same to go up to about Rs. 2,600 per sq. ft. “Amrapali Chairman, Anil Sharma told PTI.

However if you look at flats for sale in Noida, they do not fall under the affordable housing bracket anymore. With the increase in land acquisition cost and construction cost including cost of raw material in the recent past, builders are struggling to deliver the dream of affordable housing to the common man. "We were selling homes at Rs. 2,300 per sq ft in May last year when farmers protest started on land acquisition issue. Now, we will launch projects at Rs. 3,200 per sq ft in Noida Extension," R K Arora said, Chairman Supertech said to NDTV Profit.

"This area has been considered as region of affordable homes. Lot of burden has to be borne by the developers. So there will be little bit of price increase," JLL India CEO (Operations) Santosh Kumar said to NDTV Profit. With the steady increase in demand, prices of property in Noida Extension are said to go up. This will further affect the current scenario including the purchasing power of an individual.

Today Noida Extension is planned by the development authorities in such a manner that it has become a haven for urban dweller. The prices are still comparatively lower compared to the rest of the National Capital Region. Following the PPP Model – Public Private Partnership, the development authorities need to chart out future infrastructure developments here.

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Get the Best of Luxury and Comfort Both

Rich families expect the best of luxury and comfort while buying an apartment. They want to buy a house for its location, latest architectural design and exquisite interior designing etc. Noida has become home to some of the most influential families in the country. Rich and famous want to buy a house in Noida. It has turned out to be one of the happening towns in the country.

Real estate companies have started ambitious projects in the area. They know they are dealing with families who've been to different parts of the world. They didn't have a choice but to raise the standards to the next level. You would find the best luxury apartments in Noida.

Why buying apartments in Noida is a better investment option?

When people buy a house, they expect to live in it for a lifetime. The second option is that they would sell it after a couple of years and move to a retirement house in some other part of the country. They want to spend the later years of life in a quiet place. In both the cases, buying an apartment in Noida would prove to be the right investment. You can expect maximum return on it.

There are other markets offering great packages. It must be mentioned that investors do not invest in the business model alone. They look at the growth opportunities in town. This is what makes them a top investor or investing firm in the market.

Do luxury apartments in Noida worth the price?

Families looking to buy apartments should compare Noida with other popular real estate markets in the country. You should not compare the prices alone. Noida offers more scope for industrial growth than any other town. It has its own unique advantages of sharing the boundary with the national capital of India, New Delhi. It offers unlimited opportunities to the buyers.

Luxury apartments offer the best value on money in Noida. Top real estate companies are offering customized residential solutions to buyers. You would not find better luxury homes anywhere else. These companies have joined hands with top architecture and interior designing agencies to offer unique living experience. This is the best time to buy an apartment as property rates are stable. You can get a better deal and save some extra money in the process.

Families prefer buying luxury apartments in Noida over other markets. It offers better value for money and world-class residential solutions in one package.

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Handy Tips for Noida Properties Investors

Nowadays, Noida is exceedingly booming in real estate market. But the real estate market changes time to time. However, there are some tips, which might help you to guide for easy and better investment. By following these tips, you will be able to have higher profit through your investment.

Noida Real estate market is a very large market. Every year numerous builders launch their new projects and offer you a variety of properties. Those people who are planning to buy a new property in Noida just wait for a write time. Always buy property when the price is low and sell it when the price is going up. While you're planning you must set in your mind that the property you are going to invest in is either residential property or commercial property.

Now the question which comes in our mind that why should we invest in Noida property.

Infrastructural Advantages

As we can see the improvement in Noida infrastructure for last few years. The Noida authorities have a number of plans for infrastructure development, some of them have been implemented and while others will be fully implemented, then no doubt say that the attractiveness of this area will definitely enhance.

Price:

In Noida, Numerous residential and commercial properties are available. If you are planning to buy property then first set in your mind the budget and type of property in which you want to invest. However, as demand of property is very higher than the price will be higher but still Noida offer several new properties that will definitely fulfill your requirement and fit in your budget.

Key builders and projects

Every year several new projects are launched in Noida keeping in mind all the essential needs of the public. The prominent builders like DLF, Unitech and Amarpali etc. are coming up in Noida to offer all luxury properties with outstanding amenities. These projects offer a number of two- and three-BHK apartments with marvelous facilities for the buyers.

If you want to put your property for rent or sell it later for profit than always consider the market situation. However, the rates for both residential and commercial properties will be different depending on the trends in real estate market. All these tips will help you from making any wrong move. As you know more about the real estate market and the strategies the better the chances of spending huge profits on it.

On this matter, you can take help from advisors and consultants to make decision safe and for good investments. But still if you are hiring any such agent or advisor, some background knowledge is needed on your part to make decisions better.

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Wave City Center | Prabhuprem GenNex City |Truvae Fragrance.

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