5 Reasons Why Open Spaces In Real Estate Are Indispensable Today

Did you know that according to the National Building Code of India, at least 10% of the total area of a residential project needs to be invested in the development of open space reserves (OSR)? Everyone from the Government to the common investor agrees on the importance of open spaces. In fact, it has proven to be one of the most compelling buying reasons for many investors. This is because, the investor of today, looks at his new home not as a singular unit but as a part of the larger society. He looks at the value this community can add to his and his family’s lives.

For Emaar India, the inclusion of open spaces is not an addition but a part of the project design. For example, in Emaar Mohali Hills, 43 acres of the project are dedicated to open spaces and other recreational activities.

Here’s why open spaces are so relevant in today’s world-

De-stress and De-congest

Our fast-paced days are usually spent in cubicles, meeting rooms or travelling for work. When you come back home, you don’t want to come back to an equally congested environment. The symbolism is at play here, since your mind needs to find space to think as well. Coming back to a home surrounded by trees and vast open spaces, helps you relax and de-stress.

Indulge in Recreation

You can even indulge in one of the many recreational activities available at such projects like go for long walks across the gardens, practice on the yoga deck or take up a sport like badminton/basketball and unwind.

Scope for better amenities

Availability of open spaces in a project ensures that better amenities can be developed for both adults and kids. At Emaar Jaipur Greens, for example, the open area is spread across 23 acres. It gave us the leeway to build a state of art clubhouse with immensely contemporary facilities that are fully functional.

Meet and Greet

As our lives get more self-sufficient, our social interactions become limited to taking some time out on the weekends. Larger open spaces enable residents of similar interests to form bonds. Some projects, for example, have the concept of community gardening wherein the residents interested in gardening can contribute to the project garden while forming new bonds.

Quality time with kids

The projects with larger open spaces also tend to have more facilities for the kids like swimming pools, kids’ play areas, butterfly parks, skating rinks, sandpits etc. It then becomes a great opportunity for you to spend quality time with them. This is what we aim to achieve with our projects like Emaar Indore Greens, which has over 19 acres of open spaces providing you and your family with a plethora of options to bond over.

We, at Emaar India, take pride in the fact that your interests and health take precedence for us over everything else. Our projects are designed keeping the modern-day requirements of an investor in mind and hence, all Emaar India projects are spread over many acres of land, providing you with the most serene surroundings.

Emaar India- valuing the customer life cycle at every stage

Did you know, a Walker study found that by the year 2020, customer experience (CX) will overtake price and product as the key brand differentiator? CX spans from the first second that the customer gets in touch with you till the time he/she is using your product. We, at Emaar India, are extremely particular about the kind of experience we provide to our customers; especially after the sales process is over. We believe that it is after the buying-selling that the customer gets to experience the brand’s values and ethos.

At the core of Emaar India’s dedication towards our customers, is the want to create a family that stands together no matter what. We want our customers to be aware that we are always behind them and that we shall constantly work towards bettering their quality of lives.

Here are some initiatives taken by Emaar India in the endeavour of delighting our customers-

Community Events

 Our on-site teams take immense pleasure in organizing various get-togethers for festivals and occasions. The aim is to make it a memorable time for our residents. We understand your busy schedules and how difficult it is to create such moments for your family and children; hence, we take the prerogative to do it. All such initiatives have been met with tremendous and overwhelming responses from our customers.

Super Hero Competition

Independence Day

We- The Women

FMS touch-points

 Each of our projects is equipped with an FMS (Facilities Management Services) touchpoint for customer queries/complains/grievances. Our employees are just a call away and will attend and tend to your homes like their own. For example, our FMS facility at Mohali Hills, Mohali has become an indispensable part of the community. The residents are very pleased with the services and value the convenience that has been brought into their homes because of this initiative.

Customer Emailers

 Emaar India likes to be in touch with our customers to facilitate two-way communication with them. We regularly send emailers to the customers in order to keep them up to date with any offers, projects or developments within the organization. Similarly, we constantly appreciate and support feedback from the customers in any form.

We truly believe that the way to a customer’s heart is to build relationships. And we try our best to build a community that is representative of this fact; a place where the residents enjoy living; a place that you can proudly call your dream house. Our doors for our customers are always open!

 

The Newest Developments that are Influencing the Indian Realty Sector in 2019

The Newest Developments that are Influencing the Indian Realty Sector in 2019-1

Globally, the real estate sector is one of the driving forces in a country’s economy. Not just housing and commercial construction but sub industries such as retail and hospitality play key roles in the economic growth. The story is same in India, with the Indian real estate industry ranked 3rd in terms of direct, indirect and induced influence on the all sectors of the economy. So what are the factors that driving and influencing the Indian Realty?

Increasing demand

The real estate sector alone is expected to reach a market size of USD 1 trillion by 2030. In fact, estimates state that by 2025 the real estate sector will contribute almost 13% of India’s GDP. Rising urbanization, increasing disposable incomes among a large population (namely the middle and higher middle class) as well as economic development aimed at the masses is widely influencing the increasing demand for residential as well as commercial real estate. Significant growth in sub industries such as retail, hospitality, commercial & business driven real estate are fuelling the demand in the realty sector. In addition, wide ranging expansion of the IT & ITES, e-commerce, education, logistics and consulting sectors has meant that the demand for office space is set to go very high. Commercial office stock in India was expected to cross 600 million square feet by 2018 end while office space leasing in the top eight cities is expected to cross 100 million square feet during 2018-20.

Government Initiatives

The government of India is firmly focused on its objective of making India a USD 5 Trillion economy in the next five years. A major push in that direction is expected to come from the realty sector. To encourage infrastructure and development projects that will aid the real estate sector and drive demand, the Government of India has started several initiatives such as

  • The Smart City Project where there is a plan to build 100 smart cities.
  • The Pradhan Mantri Awas Yojana for affordable housing under which the government has sanctioned over 81 Lakh houses under the PMAY-Urban scheme and an additional 1.95 crore houses have been proposed to be provided under the PMAY-Rural scheme.
  • The National Urban Housing Fund has been approved in February 2018 with an outlay of Rs 60000 crores.
  • Up to 100% Foreign Direct Investments (FDI) allowed for townships and settlements development projects.

Investments & Development

The Indian real estate sector has witnessed high growth due to the spike in demand for both residential as well as commercial projects. With India doing better on the ease of doing business index as well as transparency in dealings, private and institutional investments have increased. During the decade 2009-2018, the Indian real estate sector attracted investments worth USD 30 Billion, with USD 5.5 billion coming in alone in 2018. According to official data, the construction sector in India has received Foreign Direct Investment (FDI) equity inflows of around USD 25 billion in the period April 2000-March 2019. Private Equity and Venture Capital investments in the sector have almost reached USD 1.47 billion between Jan-Mar 2019.

Also, with new housing launches across top seven cities in India expected to increase 32 per cent, a lot of big ticket, global as well as local, real estate developers are increasing their presence in the Indian realty sector such as

  • Embassy Office Parks attempting to raise around Rs 52 billion through India’s first Real Estate Investment Trust (REIT) listing (the Securities and Exchange Board of India (SEBI) has given its approval to this platform that will allow all kinds of investors to invest in the Indian Real Estate market).
  • Blackstone Group acquiring One Indiabulls in Chennai for around Rs 900 crore.
  • DLF buying 11.76 acres of land for Rs 15 billion for its expansion projects in Gurugram.

Future course

With the Indian government set on boosting the real estate sector, global investments and the ever increasing demand, the realty sector looks set for a vibrant period ahead. With SEBI allowing the REIT platform into the Indian realty sector, it is estimated that investments worth Rs 1.25 trillion could flow in over the years. A lot of NRI investments are expected to also flow in with Bengaluru the favored destination followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun.

A robustly growing realty sector will also mean challenges to the Indian real estate developers. A focus on professionally run businesses, responding to an aware and globally exposed consumer, managing multiple projects and delivering quality jobs, ensuring transparent and best business practices that meet due diligence standards will have to be implemented for the companies to be a part of this great Indian Real Estate success story.

Emaar Properties is a global pioneer in developing architecture, excellent engineering and impeccable execution and are redefining real estate development through their world class projects in Dubai such as the iconic Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Downtown and other international markets. Emaar India began operations in 2005 and has created world-class living spaces and work environments in Gurugram, Delhi, Mohali, Lucknow, Jaipur, Indore and Chennai. Since inception, the Company has developed over 11,500 residential and commercial units and currently 8,500 units are under development.

Emaar India has developed a top class residential property in Mohali called Mohali Hills. The project offers multiple housing options such as residential plots, 2, 3, and 4 BHK apartments and penthouses, signature Villas, Independent floors, and bungalows. Mohali Hills is a luxurious township set amidst serene, natural surroundings and offers a host of amenities including a clubhouse, cafeteria, gym, aerobics and yoga room, billiards room, electricity supply from PSPCL, efficient water and drainage system, immaculate street lighting and maintenance team on call. Conveniently situated 20 minutes away from Sector 17 and the Chandigarh International Airport, Mohali Hills is the ideal residential property for discerning home buyers.

2019 Brings Hope For Homebuyers. Here’s How

2019 Brings Hope For Homebuyers. Here's How-2

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.

Buy A Property In Mohali Before It’s Too Late

HOW IS INVESTING IN MOHALIS REAL ESTATE A SAFE AND PROFITABLE INVESTMENT (4)

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.

3.Excellent infrastructure:

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.

How Is Investing In Mohali’s Real Estate A Safe And Profitable Investment?

HOW IS INVESTING IN MOHALIS REAL ESTATE A SAFE AND PROFITABLE INVESTMENT (2)

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.

3.Fast-developing infrastructure:

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.

5.Excellent ROI:

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.