Tag Archive Hyderabad Real Estate

Modi Builders

Modi Builders brings you the real estate facts you didn’t know

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A lot of consumers get attracted to the real estate market due to the quantum of investments involved in it. Modi Builders, a leading construction firm of Hyderabad, understands the amount of research required on market statistics, mortgage rates, neighborhood information, etc., while buying a house.

The internet provides enormous information that the potential consumers look out for. No matter how deep the research is, there are always certain things that one might not know to make a wise decision for real estate.

Real Estate sector is intricate yet intriguing. It involves a number of details that are to be dealt with while buying or selling a house. Despite the complications and in-depth research that it requires, investments in the sector remain substantial.

The Indian Real estate sector is the second largest employer and contributes 5-6 per cent of the country’s Gross Domestic Product (GDP).

Experts at Modi Builders are well-aware about the sector and its requirements. They have listed some interesting real estate facts that most of us don’t know.

Five Interesting Real Estate Facts

1. Own a home and build wealth:

Owning a house is considered a big asset in India. People entering the real estate market as house owners gradually build wealth. Statistics show that at an average net worth of homeowner is 40 times more than that of the renters.

2. Taxes saved as property owned:

Giving a chunk of income in taxes can be irksome for many. However, real estate gives an opportunity to reduce the burden via certain tax deductions. In India, these include – deductions on home loan interest, on principal repayment as well as on stamp duty and registration charges. First-time homeowners in India can claim tax deductions of up to Rs 1 lakh, under the Section 80EE.

3. Expert advice for better decisions:

Entering the complex real estate market is not an easy task. Making the right decisions while buying or selling a house is crucial. Experts at Modi Builders consider teaming up with an agent a better option for grabbing the right home or for selling your home to the right person. Statistics show that around 50 per cent people are satisfied with the information provided by agents.

4. Home staging a key to sell:

Home staging plays a major role in drawing the interest of the buyers. It makes a big difference in the buyer’s ability to see the potential of a house. Experts say that a well-staged house increases the value that buyers willingly pay. Staged homes make it easier for buyers to visualize their lifestyle in them. Most often, buyers overlook the faults, if the best features of a house are highlighted.

5. Go Online:

In India, one of the most preferred medium for buying or selling a house is Internet. Considered the second-largest online market across the world, the country accounts for over 462 million internet users. Out of these, around 20 million people surf the internet every month for buying a house. Statistics show that nearly 53 per cent of the total real estate transactions are influenced by the internet, in India.

The Hyderabad-based realtors, Modi Builders are recognized for their luxurious properties available at affordable prices. With years of experience, they deeply understand the Indian real estate sector and its dynamics.

Hyderabad Real Estate

Hyderabad, Mumbai, Goa realty sector turns positive as new launches pick pace

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Coping up from a slump that largely affected the India’s real estate sector, Cities like Hyderabad, Mumbai, Goa etc., are set to pace up. Also, the latest boom in the affordable hosing sector is a strong validating factor. “Although, new home launches across the country dropped by 10 per cent during the fourth quarter of 2017, but these cities recorded a surging growth rate of over 100 per cent,” Modi Builders review.

Hyderabad property market seems promising, says C Shekhar Reddy, erstwhile national President, Credai. “Sales boomed during the last quarter. Considering the number of bookings, it’s taking the sector by storm.”

Developers say that the property buyers are happy taking possession of property well in advance. Stock inventory, mostly western part of Hyderabad is good. Ongoing projects are lining up rapidly.

There are multiple factors that have influenced the property sales in month after month, in these cities. So, each quarter has variations in trend. Annual statistics give out a clear status. Some delays generally occur in several forms. For instance, getting government approvals also cause delay in the project implementation. Recession after boom gave valuable experiences to our builders, developers and bankers. Builders take care of not blocking money avoiding interest burden,” adds Reddy.

Sounding positive about the Goa real estate, Vivek Agarwal, Co-founder and Principal Partner, Squareyards.com said ,”Goa makes a compelling real estate bet with sound infrastructure and good economic environment. Real estate prices in Goa range from Rs 4500 p.s.f. to Rs 6500 p.s.f. Most of the properties are within this price range. But the prices change across areas and category of houses. A row house villa would approximately cost Rs 2-3 crore.”

Modi Builders review these cities as excellent investment destination for buyers looking for a spacious home at affordable prices. At present these locations have become investment hotspots too. NRIs have shown keen interest in the Indian real estate sector.

Rajeeb Dash, AVP Sales & Marketing Tata Housing Development Company Limited says, “In the recent years, India’s real estate market has seen a significant change in the choice of residence purchase.”

“The growing class of affluent, NRIs are increasingly investing here mainly due to the desire to stay close to nature. It has become one of the prime destinations for people from congested cities seeking homes that offer them the much needed space to unwind and pull away from rumble of metros,” Dash adds.

Now it will be interesting to see how the property rates will tick higher with the rapidly growing demand for housing in these cities.