Realtors Suggest The Ways to Boost the Construction of Affordable Sector

Interestingly enough there is a paradox in building the affordable housing in India. It apparently seems that there is an acute shortage of the low cost and the affordable housing but there is an oversupply of high-end housing. The reason why the developers are not shifting their focus from the high-end housing to the affordable housing is mainly for the policy irregularities. It is estimated that in the next decade a number of people as large as 3 billion will shift to the urban areas and the cities in the next decade or so. If this happens there will be a huge shortage of housing in the time to come. Already the shortage of housing in India is estimated at a figure of 19 million units. Of these, a huge 95 percent is in the affordable and low-income housing groups.

There are few of bottlenecks in the building of affordable housing and low cost housing in the nation. The first hurdle is of course the low margins in the affordable housing construction along with the hurdle of multiple approvals and clearances which are the same from different authorities. Land issue is another concern which is the dearth of cheap land and the land plots that are available in remote locations but they are not so rich in infrastructure to cater to the demand.

The next major issue isthe financing of the affordable sector housing and the banks and financial institutions has a ceiling on real estate funding. The banking industry favours the high end projects from reputed builders with high margins which for obvious reasons gets more preference over the affordable housing projects.

The next problem is the tax rates that the real estate sector attracts at different points of the transactions of the real estate projects which amount to 25 percent of the property rate. This becomes too cumbersome for the developer.

Measures to boost affordable sector

The industry veterans and the trend watchers suggest few of the measures and recommendations which can help and create a solution for the higher supply of the affordable housing sector.

For easy availability of funding and direct tax benefits granting the infrastructure status to the affordable sector would be a feasible solution.

A reduced stamp duty clearance with a single taxation may be like that of GST can be a crucial step, suggests many. The 80 IB provision of Indian Income Tax Act which has provisions of liberal income taxes for real estate construction in the affordable sector is recommended to be reinstated.

A single window clearance is also a remedy which will be a short route to rounding off about 35 to 40 major approvals from varied departments, local authorities and agencies that a group housing project needs to obtain. The entire exercise as per the realtors takes about more than two years and eventually results in escalation of costs and delays in completion.

The cost of capital should also be lowered in case of affordable housing which many feel should be ideally excluded from the different RBI ceilings. It is even better if the RBI instructs the banks to include such funding in the Priority Sector Lending (PSL) as classified by all the banks.

The availability of land for the affordable sector is also a step that the state governments should implement and in that implementation of a zoning process can be a key in boosting the construction of affordable housing.The government should also designate areas where housing friendly rules for zoning would apply with higher norms of FSI and FAR with relaxed norms of density.

The government-led schemes for affordable housing like the AMRUT, Atal Mission for Rejuvenation and Urban Transformation, Pradhan MantriAwas Yojana (PMAY) and other such central and state government schemes should be helped to propagate with more resource mobilization with such policy measures and administrative structures.

According to the Reserve Bank of India statistics an investment of Rs. 70 trillion is needed for the construction of infrastructure development, affordable housing, construction of urban roads and modern transportation over the next couple of decades. A section of the trend watchers feel that when the New Real Estate Regulatory Bill is passed in the parliament the real estate regulator so constituted under the provisions of the bill will look into these issues and may inculcate few of the low-income customer friendly initiatives.

Dreamz Infra offers a free TV, Fridge and WashingMachine with every booking.

Most of the citizens of Bangalore know of Dreamz Infra providing the least cost solution of affordable homes to the denizens of Bengaluru. There were doubts and skepticism only for the low prices of the company at which it sells flats and apartments. But now the company has established itself as the pioneer as four projects have been completed and possessions have been handed over. There are more than eight or nine projects whose constructions have already started and in many of them it is almost complete. Dreamz Infra has already housed more than hundreds of families in their dream homes with all amenities and facilities. Of late the company had initiated a process of verification and due diligence from the past customers by the prospective customers. The customers of the company and the buyers also opine that it is a good technique of gaining trust from the customers as the prices are low. The company indeed has set a benchmark that flats and apartments can be sold at lesser than half the rates of the market prices.
There is good news that there is a mega sale offered by the company and Dreamz Infra has arranged for this sale for its flats in all corners of Bangalore city. There are flats in J P Nagar, Whitefield, Electronic City, Hormavu, HBR Layout, Marathahalli, or even Vidyaranyapura and many more places. Be it in any part of the city or be it North, South, East or West you will get Dreamz Infra projects somewhere nearby. The locations of the projects are all at great spots with greenery along with all the infrastructure around. The flats are in Dreamz style and build up in the Dreamz quality hallmark most of which comes with service warranties too. Needless to mention they are all Vastu compliant too.
This is all about Dreamz offer and the apartments that it constructs. But the offer that is being organized by Dreamz Infra has additional discounts along with a free refrigerator, washing machine or a 32 inch LED TV for you. This is for all those who will book flats from the company in this mega sale. So what are you waiting for? If you need to buy a home or are willing to invest, be quick and grab the offers as they are not going to stay there for long.

Dreamz Infra Offer

Dreamz Infra offer

India’s First Channel On Real Estate Launched

Times Now from Times Group launches a news channel named “Magicbricks Now”, was what the Urban Development and Housing Minister, M Venkaiah Naidu announced on Wednesday. The channel will showcase all news related to real estate, property, housing sector and the like. This will be the first of its kind news channel which will focus on delivering the much-needed facts of real estate sector of India. This channel will go on air from November 12015.

Mr. M Venkaiah Naidu congratulated the Times Group for this wonderful initiative. The channel will help viewers in taking investment decisions in real estate matters.

magicbricks now

“Times Now from the Times Network is the most authentic, credible news channel in India, and this network is launching another news channel to create a platform for the real estate and housing sector. I felt really happy because it is going to partner with me in our plans to provide housing for everyone by 2022.” This was what Naidu said while launching the channel. He congratulated TOI for taking the initiative and told that he is very optimistic that it will meet all the expectations and fulfill the gap between Real Estate business and consumers.

The 24/7 channel will target the audience as per the New Consumer Classification System (NCCS) according to Broadcast Audience Research Council’s (BARC) guidelines which classifies viewers into A and B categories. The “A” category viewers are 25-37 years of age and “B” category viewers are classified into 38-50 years of age. “Magicbricks Now” will target consumers, brokers, real estate developers, interior decorators, paint providers, various service providers and the business class and other categories of audiences too. So this channel is going to ease the buying and selling process in the field of real estate. It is going to be a consumer friendly, trustworthy and unbiased real estate news channel.

Dreamz Sahodar‏ Bannerghatta Road

Bannerghatta Road is one of the most sought after destinations of Bengaluru owing to the sprawling malls, IT offices, schools and educational institutions, hospitals and all other infrastructure increasing in the area. On top of all these the area is rich in connectivity with the NICE road running through it. On top of all these the Bannerghatta Main Road is on the way of being expanded which has already fueled the prices of the properties of adjacent areas higher up.

Dreamz SahodarAt this time Dreamz Infra proudly announces the introduction of Dreamz Sahodar which is at the midst of all convenient infrastructure. The area is flooded with educational institutions and social infrastructure. Dreamz Sahodar is chosen at a location where the demand will be high. But on a sharp contrast Dreamz Sahodar has the hallmark of Dreamz Infra prices which is undoubtedly way below the prices of the market.

The apartments are sized in the range of 600 to 1200 sq. ft. with 1, 2 and 3 BHK and needless to say it will have all the amenities that you would need for a higher standard of living at no extra cost. The complex is G+5 in structure with the best of quality and construction materials used. The apartments also come with free service warranties and property management offers. So if you wait the opportunity may not be there as the apartments are limited in number.

Dreamz Shaswat -Thanisandra

The critics, market watchers and the trend watchers say that Thanisandra has witnessed a steady 15 to 20 percent growth in the values of the properties. The place is one of the sought after areas with the property prices shooting up every quarter. It is surely worth possessing a property in and around Thannisandra owing to the high influx of all kinds of population in the area.

With this objective of fetching a housing solution to the people looking for affordable housing in the area, Dreamz Shaswat is being proposed to be constructed which is a G+ 5 structure with 80 apartments in a total area of 16000 square feet. The complex will have all amenities in Dreamz style as per the company standards and will also have the hallmark of Dreamz price and quality.

Dreamz Shaswat
This is undoubtedly good news for the people looking for flats in Thannisandra area with all infrastructures around and is also looking for a grand lifestyle too at prices within their budget. The company proclaims that they are the pioneers of affordable housing segment of Bengaluru showing the way to the real estate sector how to construct and sell flats at a price which is half the market price.
With the announcement or the introduction Dreamz Shaswat, it is definitely an opportunity for the people looking for investing or staying in the area but was having a constraint due to the budget.

Visit our website http://www.dreamzinfra.com

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Dreamz Offering flats in all corners of the city @ never before prices with builder verification offer

Dreamz Infra is an established name in affordable housing with offers for flats and apartments at half the market price. Today with three completed projects in a short span of time the company has established itself as the mother of affordable housing. The company understands the doubts and concerns of customers and has started a unique offer. Dreamz Infra has given option to the customers to check the background of its own by allowing customers to talk to land owners and residents of past projects and then take a decision. This is a unique stance. The company held home fairs with such arrangements for the prospective customers to verify the builder and then book the flats. There were great responses from the customers as the company sells flats and apartments at lesser rates than the market rate. Dreamz Sneh at Marathahalli, Dreamz Suvidha at Sarjapura Road and Dreamz Siddhi at Electronic City are few of the projects of the company that is 90 percent complete and the possession will be handed over in few months. Few more are also on the way of rapid construction.

apartments-offers-in-bangaloreThere is good news for people looking for flats and apartments in HBR Layout at affordable rates as Dreamz Shikhar has been introduced near the BDA complex which is a sought after location. Apart from that you have Dreamz Swadhya at Whitefield; Dreamz Sampoorna at Electronic City; Dreamz Samhita 2 in J P Nagar; Dreamz Sadan in Kundanahalli; Dreamz Sahavas at Begur Road; Dreamz Ekadant at Sarjapura Road; Dreamz Sumadhur at Vidyaranyapura; Dreamz Shloka at HSR Layout; Dreamz Sarovar at Silk Board; Dreamz Saswat at Thannisandra Main Road. In many of these projects construction work has already started and there are special offers in many of them.

Dreamz Offers of the weekIf you have a dream to buy an affordable home in the Bengaluru, this is your chance as they have apartments for sale in all corners of the city

Indexes point out a slump in the real estate stake holder’s sentiments

The overall situation of the real estate industry was in a state of lull in the last three years. The unsold stock was gradually piling up and the industry was gasping for liquidity and more sales. In cities like Gurgaon, Noida and Hyderabad the developers started to lower the price levels by tailor making the high priced High Income Group apartments for the middle income group (MIG). With the swearing in of the new government a year back the country’s real estate sector started to become a bit more optimistic as they thought with the real estate friendly government promises, things can change. The first budget of the Narendra Modi government gave a few energizing promises like the REIT, the real estate regulatory bill, the RBI cuts for the interest rates, etc.

Let’s probe into the macro market situation and see what has actually happened to the buyers’ sentiments. The indexes of the global real estate consultancy firm Knight Frank along with the estimates of FICCI shows that new launches are more on the anvil and is to improve marginally as per the estimates based on January to March 2015. The report also says that the new launches in the cities like NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune are going to have a shortfall of new launches due to the pile of the unsold stock already surmounting.

real estate stake holders

The new launches of products in the real estate sector has already come to a staggering half in the quarter of January to March 2015 but the volume of sales have been observed to have remained steady. But other surveys and indexes also hint that the new launches would witness a marginal increase in the next half of the financial year. But the estimates also say that the pricing would also remain stagnant on the backdrop of a subdued demand.

According to the report of the index of FICCI-Knight Frank the sentiments have dropped over the figures of last year as the sales volumes did not improve. The 15 percent of the surveyed respondents expect an increase in the prices which the proportion of the population expecting an increase reduced to less than about half of last years’ numbers or even the numbers of Q3, 2014. The survey says that just 33 percent of the total opinion poll believed that there is a possibility of hike in prices in the ensuing six months.

The report reflects that the market is about to witness a few new supply of office spaces during remaining period of this year. The vendors of the real estate segment opined in the opinion polls that there should be a substantial increment of new office spaces on the back drop of the latent demand sensed by the market. The optimism for rental appreciation is also high in the ensuing six months.

The sentiments for the appreciation of office space rentals have been witnessed to be the highest in the last six quarters. 85 percent of the respondents believe that the rentals have a high degree of chances of appreciation. The report clearly remarked that after the election of 2014 the stake holder’s sentiments of the real estate sector remains to be quite optimistic. The current sentiment score is being hovering around 51 and future estimates are anticipated at 64 which are quite healthy. This does not only shows a positive trend of the sentiments but also indicates a very positive undercurrent of the market sentiments. The government’s initiative like “Make in India” programme has boosted up the stake holders’ sentiments to a considerable extent.

The report points out that the North and the West experienced a dip in the levels of sentiments in the quarter Q1 2015 and the South and the Eastern Zones expect a steady revival of the real estate sentiments. Cities like Delhi and Mumbai are great drivers of real estate business in India and the figures of the last quarter points out that the recent political upheaval in Delhi and an ambiguous development plan have taken a toll on the sentiments of these cities and the respective zones.

Bangalore people can check properties many builders but Dreamz GK has projects with affordable price which make every persons wish to buy a home.