Realty division has always been a promising division in terms of profits on investment. When it comes to the real estate division, most of the customer looks out for those properties which gives maximum amount of profits on investment and that is quite normal. Those … Continue reading How to Get highest profits On Investment In Real Estate Industry
When it comes to the real estate growth in Delhi & Gurgaon, Raheja Developers has move out to be the first and last name which has provided the best residential & commercial projects to their clients at the greate level. Real estate investment in Delhi/NCR is moving out to be the one of the best investment in north India because of the fact that most of the buyers are investing because they want to gain more profit out of their investments. It is all up to the will of the buyers that where they want to invest and because of the investment opportunities in Delhi & Gurgaon, the cost of property is going up day by day which is a good sign of growth & development in Delhi & Gurgaon and the common factor which influences the choice of the investors.
Raheja Developers review as the top developers who build according to the need of the buyers and when it comes to the development of Delhi & Gurgaon, Raheja Developers has provided the finest projects to buyers and this is the reason behind the choice of people towards the Raheja Builders.
Naredco Raheja is growing out the be the top real estate builder because of the fact that the developer has provided the best service of buyers’ issues and Gurgaon is moving out to be the best developer who is working for the betterment and development of reality sector. Those buyers who invested and earn profit in Gurgaon, they are still investing because of the growth & development factor.
Buying property is a dream come true for many, especially so, for a first-timer. But there are pitfalls aplenty along the way.
What is a pleasant, even if strenuous exercise, may turn out to be unpleasant and bitter. The project could get delayed forever, floor plan changed without prior intimation or in the worst case scenario, price shoots up, or one get less carpet area than originally promised. Even worse, one could end up being a victim of fraud with the coveted property already sold to another or being built on encroached land.
The good news is, all these nightmares could be passe, with the Cabinet approving the long-awaited Real Estate (Regulation and Development) Bill, 2015 last week.
The Bill, which envisages setting up of the Real Estate Regulatory Authority (RERA) in all states and Union territories, will soon become an Act. The onus will then be on states to implement it, which done effectively, could be a game-changer, bring transparency and boost buyers’ confidence.The law would be applicable both on commercial and residential projects and all realty agents should be registered with the Authority. It also seeks mandatory disclosure of all registered projects, including details of the promoter, project, layout plan, land status, approvals, agreements along with details of real estate agents, contractors, architect and structural engineer.
According to Hemal Mehta, Senior Director, Deloitte India, the Bill would certainly lead to higher disclosures related to projects. “The proposed law will ensure the interest of home-buyers will be duly protected from fly-by-night developers who operate in large numbers. Because of a few unscrupulous builders, the trust factor has eroded over a period of time and this Bill will help restore confidence among home buyers,” said Mohit Goel, CEO, Omaxe.
The Cabinet approved nearly 20 amendments to the Bill. Foremost among them is the introduction of a provision to deposit 70% of the buyers’ money received by builders in the escrow account. Builders will be punished in case of violations. It also creates a much-needed consumer right protection umbrella for buyers.
However, the industry feels, the government should fix accountability of all stakeholders, including government authorities and local urban bodies. Developers are also worried they will be penalised for delays in project completion, even if it is due to delayed government approvals.
“The government bodies also need to be held accountable for ensuring reforms in archiac laws and timely project approvals,” said Anshuman Magazine, CMD, CBRE South Asia. “We wish sanctioning authorities were included in the Bill without bringing them on board, delays would continue in implementation of projects,” said Navin Raheja, MD, Raheja Developers. R K Arora, Chairman, Supertech said the Bill should engage approving authorities so that projects don’t get delayed.
“The authorities responsible for granting licences, permits and approvals, should also be made accountable,” said Mrinal Kumar, Partner, Shardul Amarchand Mangaldas & Co.
“Without ensuring that the approval process is not delayed by civic agencies’ inaction or bringing in single-window clearance, the regulator may inadvertently add another layer to the longer processes already delaying projects,” said Anuj Puri, Chairman & Country Head, JLL India.
Source from: Newindianexpress.com
When it comes to real estate, most of the developers are known for their timed delivery and excellence. If you are planning to buy a property for investment or lifestyle purpose, here are some important things that make a real estate developer reliable. Moreover, there some factors which an investor should keep in mind before buying a property.
Popularity and Reliability
There is a wide gap between popularity and reliability. However, these factors are complimentary but popularity is something which can be gained through advertising and marketing. But reliability comes through the proper treatment and service of investor. Real estate business works through the word of mouth publicity and business is generated through the goodwill among investors. Raheja Developers provide the best solution for their investors in terms of reliability. The company’s goodwill lies on the benchmark of customer centric approach.
Keep yourself Updated
It is recommended for you to keep yourself updated about the whereabouts of real estate market through media. Most of the news channels broadcast the property related news and experts review about the property matters and they interact to the investors live on TV. Through internet you can also read the reviews of a particular developer.
Proper track Records
In order to track the proper record of your desired developer, we suggest you to visit the completed sites of developer and ask for their reviews from the people who have already invested in the property. This is the most satisfying and positive way of reviewing a property. Raheja Developers Review the best real estate developer with best records in the field of real estate.