Smart Designs and Affordable Prices The New Exciting Dimension Added to Real Estate

Housing Sales are estimated to rise this year to 1.92 lakh units in India’s top seven cities on expectations of a cut in Interest Rate and Stable Prices, according to property gurus in India. There was a fall in Housing Sales dropped to 1.75 Lakh units in the primary markets of seven major cities in 2014 as compared to 2 Lakh units in its previous financial year.

There had been a great mismatch in Demand and Supply chain and the prices of property have reached to its saturation point in few localities. This has been a major challenge for Developers in these areas as they have to keep the prices tight to meet their competitors as well. 

Seven major cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Pune would benefit the most as 2015 will see home buyers capitalising from the current scenario of reducing borrowing rates, increased developers focus on affordable homes, largely stable prices and better job or income prospects.   

Coming time can be seen as good time for real estate sector as the borrowing rates are sure to go down from the current levels and economic activity is gradually picking up. With a more consistency in property prices and better deals being offered by developers in order to clear their inventories, the home buyers that have been waiting for suitable time is here to encourage them to go ahead and buy.

Developers have now shifted their focus on affordable homes, this would act as bridge between the existing wide gap between the demand and supply mismatch of affordable homes. Developers have now become more earnest about the right size at right price that offers a customer better opportunity.

Smart, Better Designed and More Efficient Homes will define the residential real estate market in 2015 and with better product evaluation would help bring down some over-priced cities will help bring about faster sales for stagnated supply of larger configurations. There is a prediction of townships would be more popular while Luxury or High End products would moderate to align to slow demand.

New Policies and Direct Tax Proposals, benefits Real Estate Sector

Real Estate Sector has forward and backward linkages with over 250 different sectors, as well as it ranks 2nd in employee generation after agriculture. This sector also adds up to a significant number in our country’s GDP with 0.78x. 

With such data to back up the real estate sector the time is right to explore its complete potential as real estate sector correlation in other large economies like the ones of China, US, UK, Germany and Spain is at least 0.9x. 

One of the major factors that have been affecting real estate market has been the large demand and supply mismatch, and our government need to take several real time steps to make sure that this mismatch gets dissolved.

Major Policies Introduced

• Projected announcement of around six crore houses under the scheme launched by P M Modi, “Housing for All 2022”. With around four crore houses to come up in Rural Areas while two crore 

houses in Urban Area.

• One Lakh kilometres of road in FY 2015-16 has already been sanctioned and is expected to be build by FY 2015-16.

• With great policies like setting up of National Investment and Infrastructure Fund to be funded by INR 20,000 Crore annually.   

Major Direct Tax Proposals

• With the corporate tax rate to be reduced by 25% in a phased manner over a period of four years from FY 2016-17, with corresponding phase out of tax incentive/concession.

• Wealth Tax to be abolished by FY 2015-16.

• Tax provisions relating to Alternate Investment Fund rationalised to facilitate over sea investments in India.

Home Decor Tips

A complex with walls and furniture only becomes your home once it has a touch of your presence. Once you step into a house which holds you by the presence of its home décor is what makes the difference, the ones with well designed space even if it’s a rental or neighbour down the road makes you go awe. 

It is tough, takes time you need to put it bit by bit, piece by piece but its only you who have the power to bring something out of the design catalogue. Now one of the few designs that come straight to my mind is the New Bohemian style is for sure a colourful and playful. 

At the same time it is yet undeniably eye catchy, inviting and cool. The most resourceful tool to use for a more tasteful and variety in home décor is by going online, it is better to craft a design for the most exciting and strong home décor. 

One can browse through number of websites each week, that brings to you best selection of home furnishings, personal accessories and gadgets. You can find a wide range of products and varieties to choose, at quite attractive prices.