Ever since the introduction of RERA and REITs in 2016, followed by GST and FDI in 2017, the Indian real estate sector has experienced major transformations. the prices and trends took a roller coaster ride through the graphs in all the cities of the country.
While at the time these policies and decisions may have affected the real estate market negatively, the positive impacts surfaced soon after. Non-serious players were eliminated from the market and serious players got the limelight they deserved. With RERA, good developers delivering quality constructions and transparent practices have nothing to worry about. The policies that were the prime highlights and made a huge impact on this sector were.
The transformation and reforms have already attracted both types of investors – domestic and foreign. Continuing the positive trend, 2019 seems to be a positive year for homebuyers. Listed below are a few reasons why 2019 brings hope and positivity for homebuyers:
1.Low Price Inflation
Over the last decade, housing prices have risen at almost double-digit rates due to which the dream of owning a home had become a distant reality for many. The metros and cosmos in India are some of the most densely populated cities in the world. So, for homebuyers, 2019 is said to be a good year for investment as the prices of homes will rise at just half the rate of consumer price inflation. 2019 is indeed the right time to invest in your first home!
2.Impact Of 2019 Elections
The overall picture for Indian real estate in 2019 seems favourable. With the General Elections coming up in the first half of the year, they are said to play a pivotal role in deciding which direction the fate of Indian real estate will sway. Homebuyers usually wait it out right before the elections to invest in a home just to gauge the impact of new schemes and policies that the Government may announce. That is mainly the reason why the period right before the elections is deemed favourable for homebuyers as they can engage in some hard bargaining. All the more reason to make this year a memorable one in a new home!
3.Safety Of Investment Due To RERA & GST
The game-changing policies such as RERA and GST brought in a whirlwind of change in the initial months of its implementation in 2017 and early 2018 as well. However, new project launches increased by 18% in the first three quarters of 2018 as opposed to the same period in 2017. Real estate looks more upbeat now considering the growth pattern and in terms of the overall consumer sentiments which is why builders will now focus on launching more new projects across various cities in India next year in 2019. Watch out for new launches by Emaar Properties’ new launches this year!
Mohali Hills is one such project designed by Emaar India set in an ideal location. It brings together tranquility and luxury in the best way possible. Also, unique township amenities and features make it a perfect space to call home. The Chandigarh International Airport is just a short 20 mins drive away which makes it the perfect location to build your home. So, if you’re looking for a residential property in Mohali with residential plots, Mohali Hills would be the best fit.
Mohali is the second largest real estate destination in the state after Chandigarh. Its easy connectivity with the other big cities of Northern India, the presence of global companies in the region, international airports, and the availability of quality educational institutions, already make Mohali a preferred residential hub. When a locality witnesses the growth of residential developments, the mushrooming of commercial property is obvious. So if you are considering buying a commercial property in Mohali, you have made just the perfect investment move!
1.Part of India’s 1st planned city
Mohali is a part of the Chandigarh Tricity and India’s first planned city. Also known as SAS Nagar, Mohali is home to plenty of job opportunities. State government initiatives like ‘Ghar Ghar Naukri’ bolstered by the presence of several IT companies in the city have created a sea of opportunities for many.
With quite a lot of land parcels available and rapidly improving infrastructure, Mohali has turned into an attractive destination for commercial investors. Mohali’s booming retail industry is another factor contributing to the city’s rising real estate demand.
Mohali is also part of the country’s smart city mission which has raised the number of realtors bee-lining to make their mark in the city.
2.Booming residential sector
The happening commercial developments in Mohali have contributed to the growth of the city’s residential sector too. Support of various housing schemes by the government like the Greater Mohali Area Development Authority (GMADA) is also helping to create great living spaces in Mohali.
3.A bustling IT hub
Mohali is the latest addition to Indian cities housing top names of the IT industry. Top companies like Dell and Emerson have their offices in Mohali’s busiest sectors making it a sought-after IT hub with residential and commercial growth.
4.A great infrastructure
Mohali enjoys an advantageous position when it comes to access to key locations and convenience. The 200-ft ring road and the rail network enable easy connectivity to Chandigarh and nearby cities of Ambala and Delhi. The presence of the new international airport contributes to Mohali’s rise as a prominent investment destination. The upcoming Chandigarh Metro Rail project will further boost the transportation infrastructure of Mohali.
Mohali is also home to prestigious institutions like the Indian School of Business (ISB), the Chandigarh Business School (CBS), the National Institute of Pharmaceutical Education and Research and other prominent law and medical colleges. Mohali is most famously known for its cricket stadium and has no shortage for other important social amenities like healthcare centres, schools and a plethora of shopping malls, cineplexes, eateries and retail shops.
For excellent ROI, invest in Emaar’s Central Plaza, a collection of premium retail and office spaces in Mohali Hills by the creators of Capital Tower in Gurugram.
Over the last few years, Mohali has got the attention of homebuyers and investors around India. The city is being hailed as India’s next big IT hub, which explains why both commercial and residential real estate investors want to be here at the right time. Moreover, the property prices in Mohali are more affordable when compared with Chandigarh. The upcoming business hub also offers excellent connectivity and sound physical and social infrastructure.
Buying a property in Mohali is one of the best investment decisions you can make. Here’s why:
1.A well-planned city:
Mohali, the satellite town of Punjab’s capital, is counted among the best-planned cities in independent India. From the roads and public transit systems to the civic amenities and commercial districts, Mohali is a thoroughly equipped and well-planned city on its way to prominence.
2. Bustling IT sector:
Mohali is being hailed as the next big IT hub in India, as more and more IT companies and corporates are exploring Mohali as the destination to expand their business and operations. This has led to a significant expansion in the commercial and residential projects in Mohali. There are already many major IT firms that have established their presence in the city.
The government of Mohali is focused on expanding the infrastructure in the area. The process of setting up a world-class transportation system is currently underway. Apart from employment hubs, banks and ATMs, the social infrastructure of Mohali—including schools, hospitals and marketplaces—is steadily gaining prominence. The health and education infrastructure is excellent, and the city is safe, well-maintained and well-connected by road, railways and air.
4.Affordable property prices:
As the property prices have skyrocketed in the landlocked Chandigarh, investors are turning to the promising land of Mohali.
5.Premium real estate projects:
With an increasing number of corporates and IT firms setting up base in Mohali, the demand for residential property here is also increasing exponentially, especially among professionals associated with these sectors. India’s finest and most reputed realty developers have entered the Mohali market to cater to this rising demand. If you’re looking to invest in residential property in Mohali, then Emaar India’s Mohali Hills should top your list. Mohali Hills is designed to be a landmark lifestyle destination, and is an ideal location to set your dream home. Its expansive master plan is an ode to Chandigarh’s harmonious architecture, bringing together natural serenity with exquisitely detailed out luxurious spaces.
Explore premium residential plots in Mohali at Emaar India’s Mohali Hills.
In the recent years, Mohali has emerged as a highly lucrative investment destination. With its affordable property prices, investors and homebuyers are looking to gain handsome returns with a comparatively small and stable investment in Mohali’s real estate.
Here are some compelling reasons to invest in residential property in Mohali:
1.Upcoming business hub:
Mohali is being hailed as the next big IT hub in India, as more and more IT companies and corporates are exploring Mohali as the destination to expand their business and operations. This has led to a significant expansion in the commercial and residential projects in Mohali.
2.Rising demand for homes in Mohali:
With an increasing number of corporates and IT firms setting up a base in Mohali, the demand for residential property here is also increasing exponentially, especially among professionals associated with these sectors. Moreover, the saturation of Chandigarh has resulted in homebuyers now exploring their options in Punjab’s capital satellite town.
The government of Mohali is focused on expanding the infrastructure in the area. The process of setting up a world-class transportation system is currently underway, while other civic amenities like roads, schools, hospitals and residential projects are becoming the centre of attention in Mohali.
4.Wide range of civic amenities:
Apart from employment hubs, banks and ATMs, the social infrastructure of Mohali—including schools, hospitals and marketplaces—is steadily gaining prominence. The health and education infrastructure is excellent, and the city is safe, well-maintained and well-connected by road, railways and air.
The property prices in Mohali are comparatively affordable, and homebuyers and investors can gain significantly in terms of ROI by making a small investment here. Residential plots are considered as one of the most lucrative investment options in Mohali.
Looking to make the perfect investment in Mohali? Emaar India presents Mohali Hills, a premium project with residential plots in Mohali.
Did you know, more than 30% of real estate investors in urban India today, are women? Gone are the Dark Ages of men riding the silver horse to come to the rescue of the damsel. Today’s woman is independent and looks more for companionship than support. We agree there is still a long way to go for the society to entirely change its view about women, but if the above-said number is anything to go by; we are certainly getting there sooner!
Buying a house of your own has always been a decision driven by patriarchy but these women home buyers of today have their reasons, and EMIs sorted. They are not afraid and nor are the men standing tall behind these women! Also, what helps is that the Indian Government has spearheaded a lot of policy changes that work in favour of the women who buy homes, in recent times. If that piqued your interest, below are the details-
Subsidized stamp duty-
Certain states in India have lowered the stamp duty for women home buyers to as low as 1-2%. What’s more? You can even claim the stamp duty and registration expense when filing your income tax return! Emaar India’s presence across the country accentuates the discount on stamp duty. Our properties in Mohali and Gurugram will fetch a woman home buyer 4% charges on stamp duty vis a vis 6% for men.
If a woman co-owns a property with her partner, both the co-owners can claim a tax deduction up to Rs 1.5 Lakh on the principal amount and Rs 2 Lakh on the interest. Further, it enhances your credit rating because you are applying as a combined entity. To know more about how to financially plan your first real estate investment, visit us here.
The banks chip-in-
A lot of banks in India that delve in home-loan provisioning have announced lower interest rates for women investors as compared to men. It does feel like a flock of supporters wanting the women to rise up to the occasion. Banks like HDFC provide an interest rate* in the range of 8.8 to 9.3% on a loan of Rs 30 Lakh and above to a woman, whereas the same for a man is 8.85% to 9.35%. Similar for SBI where women get 8.75% as compared to 8.8% for men (on a loan to value ratio <=80). The interest rates may show a variance starting from 0.05%.
Housing for All-
And the last straw is, of course, our Government’s Pradhan Mantri Awaas Yojana. It makes it mandatory for a female member of the family to co-own the house along with the male member, under the affordable housing schemes. Co-owing a house implies your loan eligibility increases, you can share the loan repayment responsibilities and avail better tax benefits as stated above. More importantly, if not done at the time of buying the house, you can always legally add a co-owner later by either selling a portion of your property to him/her or by gifting it.
So, what is stopping you from buying a home of your own? Provided that your monthly rents will be in tune with the EMIs (after possession) that you shall pay, women must certainly consider having an abode of their own. As more men continue to buy real estate on the merit of the women in the family, it not only creates a healthy mix of investments but also takes the weight of dependency off the women.
Emaar India firmly believes in and lauds the courage and strength of women. We have created a custom curated checklist for the first-time home buyer to make the path simpler for you. Emaar India’s projects are gender independent when they are planned and we aim to create a friendly habitat for the buyer irrespective of it being a man or a woman. We expect to see a pleasant rise in the number of women home buyers and we shall proudly stand beside them to help turn their dreams into realities!
*The interest rates mentioned are as on 7th Mar’19