Tag: real estate indore

Indian Housing Sector in the Epitome of demand

Indian Housing Sector in the Epitome of demand

March 11, 2022

The Indian housing sector has seen a significant comeback post-pandemic. For a country with a progressive population, the pandemic boosted the residential demand. And this is only going to increase with Proptech Technology in the fame, predicts Deepak Parekh, Chairman, HDFC.

With easy liquidity conditions and investment rates as low as now, residential Real-Estate has seen a boost, with first-time homebuyers rising like Phoenix from the dead. After dealing with a hit during the Coronavirus urgency, the RBI regulated the repo rate, which also helped the Residential sector & Economy get back into stable conditions.

With the hush created by the new Proptech Technology, the most daunting part of Property Purchase would become more accessible by everyone. With the young generation taking the ladder up the income group, the desire to own a home has increased. The new blood choices are different from the age passed them, which has led to the increase in social culture.

If you want to invest, this is probably the best time to do it. With the extensive support from the policymakers to distill inflation, Residential Real Estate is bound to see a rise in the future. The cherry on the top, Proptech has aligned the formalities, paperwork, and everything that took time and made that process fast and safe. Investing in the Residential sector either as the last user or a mere investment is a good option.

3d Printing, building information modeling, Drafting, and other advancements served by Proptech would give juice to the innovative new generation ready to invest much earlier than the past generations.

A hassle-free way to invest with a rise and absolute growth in Residential Real Estate is increasingly estimated not only for Indore but for the overall Real Estate for the country. Happy investing! If you’re thinking of investing and want to know how to begin, get in touch with us at 8889350111.

Eye-opening Insights from the Webinar and Panel Discussion between the Real Estate Experts of Indore

Eye-opening Insights from the Webinar and Panel Discussion between the Real Estate Experts of Indore

February 15, 2022

A purposeful, innovative & enlightening session hosted by Sunil Agrawal and Associates to bring out Indore Real Estate industry insights for buyers. The discussion and treasured insights were shared by a panel of 4 designated speakers who are well known for their market expectancy and solid moves.

The shift in Consumer Behaviour & Construction Cost
Tapan Agarwal, the CEO of Emerald Developers, shared his insights about investors. Investors have realized that the end consumer gives a property the actual value. With a shift in consumer behavior, the new generation prefers open spaces with amenities and prime locations. He also pointed out that the construction costs have seen a dip. The construction cost, which used to be 30-35% of the land cost, has been reduced to 20-25%. 50% and more returns can be expected from well-developed projects as well.

Developing Indore, Developing Real-Estate
With Indore coming up as Health, Education & Corporate Hub, it has become central India’s migration epicenter. This means that Real Estate has and will see a potential rise, as pointed out by Mr. Tapan Agrawal. The consumer is driven by Quality primarily.

Post-Pandemic Progress
Nobody thought the real estate would bounce back, as it has during the pandemic. Other investments have diluted, with public funding converging to real estate, as Mr. Anuj Lal (CEO, County Walk group) discussed. It’s time for strategic investments. To begin with the effects of the pandemic, WFH culture took a shot. Homes are no more just homes. Homes are offices, schools, gyms, play areas, and everything you can imagine. This has led to a rise in the sale of luxury property. Distance from the city is accepted when the new generation gets more space. With big dreams & an open mind, Indore has a primary growth market for real estate.

Core trends of Indore for 2022
A Classic trend of expansive and open spaces is observed. The pandemic closing the doors outside has opened the diversity indoors. People are looking forward to facilities within the township itself. Luxury and Amenities have become the primary focus, told by Mr. Deepak Agrawal with 10-15 years of experience in Real Estate. Many investors are entering real estate after observing the bright future in the city of Indore. The customer bandwidth has expanded.

Concentration zones and investment area prospects
Mr. Vijay Gandhi, the spine of Kalindi Constructions, enlightened the prospect zones in the city. Bypass is expected to see growth. He stated that the past three years had seen 100% growth and expected more. Nanodh & Rau are two other places where you can look forward to residential development.

Summing up!
The webinar was a grand success, with significant insights discussed by the creme of the Real-Estate industry of Indore. Facilitated by Mr. Vipul Agrawal – Director of Sunil Agrawal and Associates (SAA), this session was highly educational and held prolific importance in understanding the current real estate market scenarios. Not only was it great for investment planning for the audience, but it also was a perspicuity into the vast potential that the city of Indore carries.

Avoid these common mistakes while investing in real estate

Avoid these common mistakes while investing in real estate

December 21, 2021

Living in a fast-paced world demands security and stability. Owning a property is the safest asset, as it grants a sense of security and opens the door to an additional income. Unlike other investments, there is no massive loss associated with investing in real estate. However, if not being cautious at the time of investing may result in spending extra money on the hidden cost or being duped by fraudulent agents.

Being a little more investigative, vigilant and curious while making a deal is always a good idea. Here are some of the mistakes to avoid while making a significant decision of buying a property.

Not researching thoroughly

While buying a property, do not be in a rush. Before investing in any property, indulge in market research. Analyse the market rates of the property you are planning to buy, check the monetary value and the scope of growth in the desired location. Always examine the road connectivity and basic civic amenities in the neighbourhood before signing the deal. Property buyers often overlook this crucial step.

Overlooking the finances

Buying a property is not a cakewalk. It is a significant decision that impacts your life every day in more than one way. When you find a property that is just perfect for you- stay put, take a step back and calculate the finances. A property needs much more investments than just the buying cost of the land. There are many hidden costs such as maintenance, furnishing and interiors, repairs, renovation costs, and utility charges. If you are planning on buying the property on a home loan, then discuss these things at length with your bank.

Not investigating the builder’s standing

Investing in a property is a huge decision that requires transparent communication and trust. Always check the developer’s credibility and check their previous projects before making the purchase. Ensure that the project is RERA approved and the developer has provided all the legal documents and permits. You can also visit their social sites and see what their previous clients say before closing the deal.

Overseeing the property type

What is the purpose of this property you are investing in? Is it a commercial space or a residential space? Understanding your own property needs is a must. Don’t rush the deal before understanding this aspect of real estate. It is always advisable to select a prime location with unmatchable connectivity across the city and civic amenities in the reach.

Skipping expert advice

Not seeking expert advice is one of the most common mistakes property buyers commit. Seeking guidance from an expert in the real estate industry may save you from fraudulent brokers or entering into a non-beneficial property deal. Communicating with a trusted advisor can help you land a suitable property at a fair price and free of any legal complications. It is a good idea to consult with a financial advisor as well.

If you need advice on the purchase of property or suggestions on the best housing locations in the city, then consult our real estate experts.

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