Buying a property? Pick one before elections are over

Discounts and offers from real estate developers are common, but this Navaratra was extra special with builders going over the top—bigger discounts, a variety of flexi-payment plans and freebies to attract buyers. The reason? The property market is witnessing a glut. According to Cushman and Wakefield, there was a 12% drop in new launches in the top eight cities and yet the supply is more than demand. Prices have remained flat (even fallen in some specific pockets) for quite a few months.

According to a study by 99acres.com, housing prices have declined by an average 8 per cent in Delhi-NCR (one of the most sought-after property destinations) during 2013 compared with the year-ago period due to slowdown in property market amid economic and political uncertainties.

Industry experts say the reason for this drastic fall in sales across regions and slackened demand is high cost of borrowing. "Property prices in some of the established markets dropped on account of an oversupply situation," says Sachin Sandhir, MD, RICS South Asia.

Employment creation is another key factor driving prices, where Bangalore, Chennai, Pune, Hyderabad and NCR currently lead. "We are not seeing velocity in new job additions in cities like Mumbai and Kolkata. Both these cities continue to do well in the premium and luxury segment, but the budget segment is handicapped by the lack of affordability by the common man," says Om Ahuja, CEO, Residential Services, JLL India.

However, if one is to believe market analysts, prices are expected to move up in the second-half of 2014. "In the near to medium term, the growth momentum will not be the same as it used to be during the boom period between 2006 and 2008. However, economic indicators suggest that the market will start growing gradually after the general elections," says Sandhir.

The emerging areas still have ongoing projects and developers are continuing to hold on to their prices in the hope of markets to improve. "Most cities have oversupply in specific pockets, and some key pockets still continue to see a shortage of supply when compared to demand in that pocket. We haven't seen price correction in the key pockets of most cities," says Ahuja.

Demand exceeds supply in areas like Mount Road, Adyar and Nungumbukkam in Chennai, while the demand in North Chennai is not catching up with the supply hitting the ground. This reflects in the capital appreciation of these areas. Demand in the Bandra-Andheri belt, Worli and Powai in Mumbai is far higher than the supply. Meanwhile, demand in areas like Wadala and Lower Parel is not catching up with supply, and this has reflected in slower capital appreciation.
http://economictimes.indiatimes.com/articleshow/33547763.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Prateek Grand City

If you’re looking for a place with freedom, peace and fresh air and with unique design and extraordinary life style Prateek Grant city is the right place where you should be lived. Your personality is unique so why live in common place so Prateek Grand City will full fill your entire thoughts about your dream home. The place is designed with creativity to frame every house to fit with the personality of each buyer. The colony will have 2BHK, 3BHK apartments with 750sqft to 1750Sqft. Here everything is prepared to make you give all the hospitality and all the love you need to start a new life with loved ones. 

All the apartment are well cool, calm and collected with freshen, all the things are well determined to make you feel home. You will be appreciated with your choice of choosing the place because it intended to be the most prosperous destination of all time. Prateek Grand City is not just a place to live or spend your life but it’s a place where you will make unforgettable moments of your life with your loved ones. All the daily visited places like gym, market or hospitals are just a walk away far from your door steps. Some other entertainment areas like Club house, swimming pool, fitness club and billiards room, also integrated with your house to entertain you. The Prateek group invests in real estate with the market demand and very famous because they understand what customer needs.for details visit-

http://www.prateekgrandcity.ind.in/

 

The Gaur City 2 :- A heaven to Buy

The Place where everyone wants to live and wanted to secure a place because the Gaur City 2 has arrives to you with second phase and much bigger extension. It is a residential program started by Gaursons India Limited. The project is intended to offer a better neighborhood and a good environment for families to grow their children with a strong and safer place to live in Delhi. The place is still in its development phase and taking a shape in beautifully manner and will have a township of Delhi-Noida. The beautiful design offer 1BHK, 2BHK, 3BHK, 4BHK apartments for customers.  

The colony is located few blocks far from sector 121 of Greater Noida (west). The Gaur City 2 is close enough to all famous spots of the area. Greater Noida is established as a new emerging real estate hub of the country. The city is situated very close to those places where you visit every day like market or gym. Hospitals, colleges, malls and multiplexes are located just a walk away from the gaur city2.

All the apartments are aligning very beautifully so the whole city looks very fine and spread over 125 acres. People love nature and Gaursons have took care of it and provided a lot of greenery around the colony. The fresh air is floating every time because it’s very open in terms peace of life so don’t think much book your apartment in the city and live your life in peace.

Guide in Building an Affordable Home

When you are finalizing your new home and signing the agreements of possession one thing that comes in your mind is the cost and affordability. You would always want to check if the house is worth the value you are spending. One can have a dream house built with the funds available. All you have to do is select for affordable features in your dream plan.

Below mentioned are few tips which will help in making an affordable house.

1.      Prioritize your Requirements:

Decide on what is important and what can be chalked off. This will give you an outline and will help in allocation of available budgets. You will know where to invest and where not to. Number of rooms required, space for living room and requirement of a balcony and garage should be chalked out. All these details can be shared with the building agent who can help you with homes with required features. Ajnara Le GardenIn Noida Extension has options of such constructions. They do customize with the needs of the buyers and helping them in getting the best deal.

2.      Go for Affordable Interiors:

If you are low in budget you can go for simple and comfortable interiors. Select simple rooflines and avoid false ceilings on the top, select for alternative to sofas and sitting areas in halls, use simple and affordable marble in your house. One can also go for the latest rot iron furniture rather than choosing expensive wooden frames. Ajnara Ambrosia Noida has an option of providing fully furnished homes. Get in touch with the architects and interior designers for alternative options which can fit in your plan.

3.      Consolidated Plumbing and other Fixtures:

A single core of plumbing can assist in cutting cost dramatically. Look for a home that backs a kitchen wall against a bathroom wall. This helps in configuration and saves cost to a very large extent. Also, built in fixtures for entertainment center, kitchen cabinets and counters can help in saving space and cost eventually. AjnaraAmbrosia Sector 118 Noida helps in building homes with such requirements.

With tips mentioned above one can build a home without wiping off their savings. All you need is a good vision and planning to build an affordable home.