Top 5 Trends Likely To Shape Real Estate Market This Year

Top 5 Trends Likely To Shape Real Estate Market This Year

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The real estate sector in India has undergone a massive change in the last few years. It was growing at a decent pace, before slowing down due to the introduction of new reforms by the current government.

However, the past two years have seen India climb 52 positions in the Ease of Doing Business rankings released by the World Bank. Owing to the transparency and accountability brought by the new reforms, things are getting better for the billion dollar industry, suggest Modi Builders, one of the top builders in Hyderabad.

Here are 5 major trends that are likely to shape the real estate market in 2019:

 

Demand for commercial real estate:

Investment in commercial real estate will be fueled by the GDP growth. Owing to the renewed interest from banking tenants and expansion by tech-companies, the commercial real estate absorption has grown by more than 20 per cent in 2018, and the trend is likely to continue.

 

Availability of affordable residential real estate:

The demand for affordable housing is growing with the increasing population, urbanization and the rise of nuclear families. But, the buyers have not been able to get the desired properties at an affordable price in the major cities like Mumbai, Bengaluru and Delhi NCR.

However, some residential real estate developers like Modi Builders have come up with various apartments in Hyderabad at different location, meeting the demand of both luxury as well as affordable home-seekers.

 

Consolidation:

Joint developments, joint ventures and development management agreements have been growing between the landowners, smaller developers and organized developers. This process is expected to go on, as the small developers are reaching out to the reputed ones for completion of their projects and resolving their financial troubles.

 

Warehousing:

There has been a structural shift in the logistic sector as GST has helped bring all the states together, turning them into a single market. The sector is attracting quite a few players with small fragmented networks being consolidated into large distribution chains with centralized hubs. The developers have been encouraged to shift their focus from housing to warehousing with the growth of online shopping.

 

The financial complications:

The disbursal to the real estate sector have been slowed down by the ongoing NBFC crisis. The developers are finding it difficult to raise funds for the projects as the banks are becoming watchful. They have been forced to resort to other financing routes, which in turn is increasing their cost of capital.

 

The period before and after the general elections is expected to be crucial for the Indian realty. It can make or break the progress of the sector. Many developers tend to go slow on launches before polls and home buyers also wait for the developments. However, the experts at Modi Builders predict a fruitful first quarter for the home buyers, and expect a turnaround for the sector post general elections.

 

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Here is Why You Should Invest in Hyderabad’s Real Estate

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The real estate business is booming in Hyderabad. A number of investors and buyers are attracted to state-of-the-art projects in the city. With a growing IT sector and influx of international travelers, the land prices are sky rocketing.

 

Various real estate developers like Modi Builders, one of the top builders in Hyderabad have come up with numerous projects at different locations. There is a massive competition in the city’s realty market, with a wide range of options to choose from.

 

However, it is important for a buyer or investor to do some research before finalizing any deal. One can also take help of a legal advisor to ensure an authentic process. There are many genuine dealers offering the best deals with great transparency and discount.

 

Some of the places in Hyderabad have turned into a center of attraction. Apartments in Kukatpally, Jubilee hills, Banjara Hills, Manikonda, Gachibowli, etc, are driving interest of quite a few businessmen and investors. Buyers are also attracted by the amenities offered in these apartments, which include swimming pools, club houses, gymnasium, landscape gardens and much more.

 

Hyderabad is considered to be the best city to invest in freehold property in the country. The quality of life in Hyderabad is extremely good as compared to other cities. It is home to some of the finest leisure facilities in the world. The range of properties available in the city varies from flats, apartments, independent homes, to some of the best commercial spaces, beautiful villas & luxurious resorts.

 

At this juncture, there are many advantages of investing in Hyderabad’s real estate. It will not only give better returns on investment, but also offer a great opportunity to increase the property portfolio, suggest experts at Modi Builders. With a well-defined growth trajectory, the real estate market in Hyderabad is proving to be the best in the country.

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Modi Builders Shares Some Effective Tips To Keep Your Realty Investments Safe

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Investing in real estate market offers plenty of opportunities to make huge revenues. However, being a volatile market, it is affected by various unpredictable factors. Thus, it becomes important to make very calculated moves and safeguard your investments wisely.

Listed below are some of the most effective ways for securing your real estate investments:

Adopt The Right Business Approach

It is imperative to follow the right business approach before making your investments. There is no shortcut or a quick entry and exit approach which can yield promising results, say realtors at Modi Builders, one of the top builders in Hyderabad. Instead of focusing on quick moneymaking, you should enter the business as a wheeler dealer. It calls for a proper understanding of all the aspects of the business, the prevailing trends and the factors affecting the market. You should ensure that your business approach is legitimized, as it can help you in saving on commissions. This is also effective in avoiding the small glitches and backlogs.

Investment Tenure

Industry experts at Modi Builders suggest the real estate should always be considered a long-term investment. You should hold a property for at least 3 years. However, the maximum return on investment is likely to be generated between 5 and 7 years.

Get Your Property Insured

A comprehensive insurance plan can safeguard your property from all kinds of sudden disasters and calamities. Considered as one of the best ways to safeguard your real estate investment, it is a must for high-end properties. However, it becomes important to ensure that the insurance plan covers all types of calamities, such as flood, drought, hailstorm and earthquake, as well as fire outbreaks or the other disasters.

Decide When To Cut Your Losses

Though it is commonly advised to make long-term investments in the real estate, but holding the assets that are losing their value proves to be an unwise decision. A comprehensive market research can help you in estimating the right time to sale/purchase a property.

Documenting All Furnishing

It is advisable to keep a detailed record of all the items in your property, especially if you own a holiday home, say realtors at Modi Builders. This will help you in keep a record of anything which goes missing or is stolen, and can also help you in getting insurance claim. Your document should include important things, such as like manufacturer’s details, model name/number of the items and a photograph of the item. You should have these details with you, and not only on the property.

Secure Financing For The Property

Industry experts recommend seeking help from a reliable financing agency or institution if you are looking forward to invest in the real estate market through external financing. An official business portfolio is required for this as it can ensure great revenues.

Ensure That Your Property is Secure

You need to upgrade the security of your property above the minimum standards, say experts at Modi Builders. Ensuring security measures in important places can help you in keeping the thieves away.

 

We hope these tips help you in securing your real estate investments in the best possible ways

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Want to invest in real estate? Get Started with These Useful Tips

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The world of real estate is quite dynamic, and attractive with the way it functions. The industry has great scope without any significant risks, as compared to the stock markets that usually deal with continuous fluctuations. Yet, there is something about this industry, which makes it very interesting.

As a real estate investor, you need to study the market, create strategies and make decisions based on various characteristics, explain industry experts at Modi Builders. But, is it worth the try? Is the world of real estate enough to fetch you the income you are looking for?

Well, as long as you are knowledgeable about the condition of your investment, cost of maintenance, taxes, insurance, property management, you are on course to earn decent profits. Real estate is a good industry for hustlers as they know that they can call frustrated owners and landlords and buy their property before it hits the market. But, it’s not bad for a layman either.

The best way to start is to find a property you want and make an offer. The great thing about real estate deal is that you can negotiate unlike in the stock market, where everything is dynamic. A good negotiator can save a decent amount from the very first investment. It is also important to increase the property portfolio regularly to stay ahead of the curve. Even if the market has a downturn, you can wait for the right time to sell. Meanwhile, you can earn the rent from a larger property portfolio till the rates go up.

The success of an investor not only depends on the ability to choose the right property, but the ability to sell it at the right time. An investor needs to take control of every step and process to prevent losses.

According to the experts at Modi Builders, one of the top real estate builders in Hyderabad, the real estate market is open to everyone. You don’t need a certain qualification and there is no industry-specific criteria to get started in this industry. It’s all about doing a bit of research and making wise decisions to become a good investor and earn decent income.

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Good customer Service Vital For Realty Business To Thrive, Suggest Experts at Modi Builders

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Customer service is a very important aspect of any business and real estate is no exception. If the customer service is good, there is no need for a builder to invest heavily on marketing. But, if the customer service is poor, even the best marketing cannot change the fortunes of a business.

A bad customer service leads to a damaged reputation of a real estate builder. It becomes difficult to convert the leads on regular basis. According to a survey, people are likely to share a bad experience more quickly as compared to the good one. Remember, a bad news always travels faster than good news in real estate industry.

 

A study has suggested that customers with positive experience prefer to stick to the same builder, even in the future. Whereas, customers with a negative experience are likely to make purchases from other builders immediately after encountering the bad experience. So, the first impression is very important.

 

Furthermore, customers are quick to write negative reviews online whenever they face a problem, explain experts at Modi Builders. They can vent their frustrations on various social media platforms tagging their friends, family and other users. These reviews can change the mindset of an individual before making a buying decision.

 

Customer feedback and complaints can make or break any business, believe industry experts at Modi Builders. A recent study has also revealed that 95% of customers usually tell at least one person about a bad customer experience with a company, while 54% share it with at least five other people.

 

The same study has also revealed that 88 per cent of the people are influenced by an online review before making a buying decision. So, online reputation is important for the overall health of a business and cannot be ignored at any cost.

Flats for Sale in Bandlaguda

Why Flats for Sale in Bandlaguda Attract More Home Buyers

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Bandlaguda was just another village in the Ranga Reddy District until a few years ago. Water scarcity and sanitation issues had degraded the quality of life. Land grabbing and crime rates were on the rise, and it was not the first choice of people for accommodation. This has changed now.

Ever since realtors started investing and established flats for sale in Bandlaguda, there was a substantial growth in its conditions. Hyderabad has always been known for its affordable housing and Bandlaguda is yet another example.

Projects like Lotus Homes, etc., have made luxury accessible to everyone without burning a hole in their pockets. The merger of Gram Panchayats in Greater Hyderabad, HMDA and MA&UD played a substantial role in eradicating the issues of basic amenities.

Awarded the best city to live for four consecutive years, Hyderabad is also well-known for its employment opportunities. Professionals working in IT hubs like HiTec City and Gachibowli IT Zone prefer Bandlaguda as their housing destination because of its easy connectivity. Bandlaguda is approximately 14 km from Gachibowli and almost 22km for Rajiv Gandhi International Airport.

Suncity is one of the major landmarks of Bandlaguda with modern Super Market alternatives like More, Reliance Fresh, etc., for the residents. Premier educational institutions of the area consist of Don Bosco School, Shadan College of Engg. & Technology, Army Public School, etc. The area also has other attractions like Sri Raghavendra Sports Estate, Ocean Park, GRK Function Hall, etc.

Read More: Factors Consider Buying Luxury Homes in Hyderabad

The premium apartment project of Modi builders, LOTUS HOMES, has successfully offered luxurious flats for sale in Bandlaguda at economical pricing. With state-of-the-art facilities and quality housing, Modi Builders have maintained their flawless track record across Hyderabad.

Selecting a home is always difficult and the serene, pollution-free and well-connected Bandlaguda makes it an ideal choice for people looking to stay away from the noises of city while enjoying all the benefits.

 

Luxury Villas in Hyderabad by Modi Builders

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The real estate sector of Hyderabad is rapidly growing. With a multitude of opportunities in the city, a large number of people are moving and buying homes in the emerging metropolitan. This has led to the rise of a large number of residential projects, and given the housing market a boost. Also, there is an increased demand of luxury villas in Hyderabad.

 

With an increasing demand for luxury, Modi Builders are amongst the topmost developers in Hyderabad providing new-age dwellers what they need. State-of-the-art projects with innovative features, amenities and specifications are what we aim to deliver. Keeping a check on the rising demand for luxury, here is a list of luxury villas in Hyderabad by Modi Builders.

Top 3 Luxury Villas in Hyderabad by Modi Builders

Luxury Villas in Hyderabad

Located in Gundla Pochampally near Kompally, Sterling Homes is one of the latest gated communities. The project houses residential villas and apartments, and is fully developed with several amenities. It is a project approved by Hyderabad Metropolitan Development Authority (HMDA) and is also designed as per Vaastu.

 

Luxury Villas in Hyderabad

With over 350 villas, fully-equipped clubhouse, swimming pool, gymnasium, children’s play area and several other facilities, Golden County by Modi Builders is spread in an area of about 30 acres. It is located at Rampally near the Infosys Campus. Other landmarks in close proximity are Singapore Township and Raheja Mindspace IT Park Phase-I houses 131 villas.

 

Luxury Villas in Hyderabad

Located near Shamirpet, an upcoming residential area, Harmony Homes has 68 luxurious villas with multiple amenities. One of the best luxury villas in Hyderabad, it is in close proximity to Shamirpet Lake. IKP Knowledge Park, Biotech Park, Genpact SEZ and BITS Pilani Campus are some other famous places located nearby.

 

With an eye for luxury, Rock Heights, Golden Meadows, Elegance and Serene Park are some of the other luxury villa projects in Hyderabad by Modi Builders.

 

RERA

RERA, and how it is changing the real estate sector in India

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The real estate sector has been facing numerous challenges when it comes to timely delivery of projects. Incomplete projects, increased construction costs, regulatory issues, demonetization and various other factors make it difficult for people to receive possession on time.

The Centre has issued new policies to curb this problem. With the coming of Real Estate Regulatory Authority (RERA)Act, Real Estate Investment Trust (REIT) and other policies, the face of real estate is changing. RERA was implemented to protect home-buyers, and also increase investments in the real estate sector. It will not only create adequate affordable housing in various cities such as Hyderabad, Mumbai, Delhi, etc., but will also attract fast growth in real estate markets.

Providing a win-win situation for developers and buyers alike, RERA is an effective tool. It will be beneficial to both developers and consumers. While the former will enjoy the confidence of consumers, the latter will benefit from the necessary transparency and on-time delivery of projects.

With the coming up of these policies, real estate developers like Modi Builders, Ashoka Developers and Builders Ltd, Prestige Group among others, have started implementing them. This has not only created a positive image, but has also helped the builders in increasing the much-needed consumer base.

Aligning with the consumers’ interest, RERA has made the policies for launching a new project very strict. Participation of the Supreme Court has brought the necessary changes. Claims like ‘project delivery in 3 years’ are now considered bogus because it takes around 5 – 6 years to complete one project.

Talking about major real estate hubs in India, Delhi has been witnessing a lot of real estate development. There are various projects that are lined up, and are awaiting final delivery. Similar is the case with other hubs, such as Mumbai, and Hyderabad. RERA has made it mandatory for builders to deliver existing projects before coming up with schemes to launch new ones.

Considering Hyderabad in particular, the net commercial space was around 32 million square feet last year. With consistent growth, the space will rise to around 600 million square feet by 2019. There has been an upsurge in the number of queries from buyers, particularly in Hyderabad. With millennials taking interest in property, the trend is predicted to continue. Residential developers like Modi Builders are taking the real estate sector to a new level with their close following of RERA and the commitment to deliver projects on time.

As a result of changes in policy, the growth of investment and residential market in India is expected to be steady in 2018. Among other cities, Hyderabad is also on the path to becoming one of the most coveted cities in housing markets. Realty experts from Modi Builders foresee an aggressive positive change in the market with the coming of RERA and other policies.

Real Estate Market

How Policy Changes Will Drive Growth in Hyderabad’s Real Estate Market

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The impact of aggressive policy changes in 2016-17, may portray an image of a sluggish real estate market in India. However, the fact is that market, at the micro level, has been up and running. Investors can expect good returns in metro cities, as they are offering reasonable property prices.

With the introduction of Real Estate Regulation Act (RERA), developers are in an urgency of completing their ongoing projects. Owing to these policy changes, Indian home buyers are also exercising due diligence while taking decisions. They now spend ample time doing in-depth research of the property they are investing in.

The micro market of Hyderabad could offer value to the home buyers. On its revival path, the city has displayed a positive price growth in the recent years. It is reinstating the popularity as one of the prominent locations for real estate in the country. For the third time in a row, it was also ranked as the top Indian city by the Mercer’s Quality of Living rankings 2017.

Several leading developers of Hyderabad, including Prestige Group, Modi Builders Group, Ashoka Developers and Builders Ltd and Dream India Group, among others, are shifting their focus from premium houses to the affordable and mid-priced properties.

Apart from the government policies, the political stability has also played an important role in lifting up the realty market of Hyderabad. After the Telangana state got separated from Andhra Pradesh, the political drift has also contributed towards the revival of the city’s economic conditions.

The demand for both residential and commercial sector has been witnessing a surge. Reports show that several IT and warehousing companies are creating office spaces in Hyderabad. Besides, with the return of IT companies in the city, residential demands, in proximity to the IT hubs, are picking up.

Different locations of the city are becoming preferable among the homebuyers for varied reasons. While South-Hyderabad is considered as one of the best options due to its affordability, areas in the West-Hyderabad are preferred for their proximity to Hitech City and Gachibowli.

An expert from Dream India Group considers locations like Srisailam Highway, Balapur, Adibatla, and Shamshabad, as lucrative investment options in South-Hyderabad for their affordable land parcels.

Another expert from Modi Builders Group is of the opinion that destinations like Kukatpally, Nanakramguda in Financial District, Madhapur, and Kondapur, among others, have the potential to witness strong residential sales drive. These locations make the best option for employees seeking houses in the vicinity of hubs like Hitech City and Gachibowli. Developers are aiming to provide quality features and amenities in the dwellings of these areas.

Hyderabad has been regarded as one of the best cities of India to live in. Over the last couple of years, it has been one of the few cities to display sustained growth in housing sales and new launches. The establishment of metro in the city has further enhanced it as an attractive real estate destination.

With its enormous talent pool, exceptional infrastructure, and growing robustness in its realty markets, Hyderabad is all set to make an evident mark on the Indian real estate sector.

Luxury Homes

Factors To Consider Before Buying Luxury Homes in Hyderabad

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Popular for its affordability, Hyderabad is the most lucrative option for realty investments in India. The city is known for offering exclusive experience to the dwellers at affordable prices.

Endeavoring to meet such demands of the property buyers, Hyderabad-based developers are constantly launching projects with state-of-the-art amenities. The idea is to enhance the living standards of the people. Realtors in the city, such as Ashoka Developers and Builders Ltd, Modi Builders Group, and Ramky Group among others, are building apartments, with amenities that tick almost all the features required to build luxury houses.

As developers are striving towards meeting the needs of buyers in Hyderabad, they are also looking for ample of amenities, even in standard properties. Both the demand and supply from the developers have made it quite challenging to differentiate standard property from the luxury homes.

Industry experts at Modi Builders Group defined luxury homes as the ones that are located in the most prominent locations and comprise of high-class amenities.

Another expert from Ramky Group is of the opinion that each section in luxury homes is well-defined, with best-in-class interiors. Moreover, these houses feature several recreational facilities, including play areas, fitness centres, swimming pools, playgrounds, along with others.

 Factors That Define The Luxury Homes of Hyderabad

  • Luxury properties are primarily identified through their geographical locations and cultural surroundings.
  • These houses are established in close proximity to major physical and social infrastructure, such as hospitals, educational institutions, shopping malls, commercial hubs, along with accessibility to the public transportation services.
  • Residents of luxury homes delight in the tranquility, along with the top-notch amenities, such as large floor spaces, modular kitchens, bathrooms with high-end fixtures, state-of-the-art technologies, etc.
  • These properties consist of several recreational facilities, gymnasium and other outdoor activities.
  • A clean and hygienic environment via excellent garbage management facilities.
  • Certain premium homes also embrace eco-friendly features like green building materials and pre-cast technology.

An expert at Ashoka Developers and Builders Ltd highlighted that buyers should consider the availability social infrastructure in vicinity. Locations in close proximity to wide internal roads, ring roads, and service roads, must be considered while opting for luxury houses.

According to the experts at Modi Builders Group, Banjara Hills, Jubilee Hills, Hitech City, Begumpet, Kondapur, Gachibowli, Somajiguda and Nanakramguda are the most prominent localities in Hyderabad, due to the social infrastructure and transportation facilities. These developers themselves have been setting up several ventures in these prime locations.

Luxury Homes in Hyderabad | Modi Builders

 

While buying premium homes, considering the luxury aspect is necessary. However, buyers should conduct a thorough research about the developer of the property they are investing in. Moreover, technology and the architecture play a vital role while judging the finest house.

Luxury homes are essentially defined by some unique elements that facilitate a premium lifestyle experience. Along with such features, buyers must focus on well-constructed apartments that provide eco-friendly features.