The launch of RERA Act and How it Impacted the Real Estate Sector

Real estate frauds are nothing new in India. The internet is full of multi-crore real-estate property scams, land scams etc. To name some of the biggest property scams in India, there is Karnataka Wakf Board Land Scam and then there is the Noida land scam. This was emerging as a big problem, affecting the common people at large. Thus, there was a need for a regulatory body which could curb the problem and make real-estate investment safer.

After a long wait, the RERA establishment bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016.

What is RERA Act?

“This Act establishes Real Estate Regulatory Authority (RERA) in each state for regulation of the Indian real estate sector and also acts as an adjudicating body for speedy dispute redressal.” (Source: Wikipedia)

How did RERA impact the real-estate sector?

The main focus of the RERA Act was to regulate the expansive real-estate sector by implementing policies to curb malpractices and bring transparency. Some of the major challenges the RERA tackled are:-

• The RA issued guidelines which would restrict builders who were delaying the possession of the property to the buyer. 
• Malpractices such as demanding additional charges, reducing carpet area, changing the society plans etc. have been taken care of. Plus, RERA made registration of the real-estate brokers or agents mandatory. Now, the cost of registration varies from one state to another. 
• The RERA act reinforces the timely completion of projects. The act clearly states the developer must specify a time for project completion during registration.
• The RA also made it mandatory for the developers to bear the cost of structural defects up to five years. 

With more and more home seekers eyeing affordable housing, major lenders such as NBFCs like Bajaj Housing Finance offer high-value loans amount up to Rs. 3.5 crores at an affordable interest rate and flexible tenure of 240 months with minimum paperwork.

Bottom line: There are many other ways in which the RERA Act has impacted the real-estate sector. But, to understand the impact completely, you should get your hands on some additional support material, especially in case you are looking to buy a property.

Additional Read:-

Impact of RERA – The Real Estate (Regulation and Development) Act

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Why Investing in Noida Real Estate is a Smart Choice

The rapid growth of places in and around Delhi-NCR has prompted an ever-increasing demand for real-estate properties. Owing to the price of properties in Delhi, people have now started shifting their attention to other satellite cities such as Noida and Gurgaon. This has prompted real estate developers to follow suit.

Noida which is one of the most popular cities in Delhi NCR, you can easily buy flat in Noida. There are a number of reasons which has prompted this sudden spurt of popularity. To begin with, Noida is one of the cleanest cities in the country. The infrastructure is very well planned which is evident by the breadth of the lanes in the city. Most of the road in Noida is six lanes wide.

Noida is also very well connected with the capital and other cities. These include the DND flyway, Noida-Greater Noida Expressway, Yamuna Expressway, and Delhi Meerut Expressway to name a few. A number of other roads are under construction.

Noida also has a very good metro network which makes it very convenient for those coming to work here. A number of other locations in Noida are also being connected owing to the expansion of the existing metro network which will make traveling a breeze for even those people who live in the far-flung areas of Noida.

With all these benefits coupled with a large number of developers who are making properties here, the property prices of Noida will surely go up in a very short span of time. No wonder a large number of people are picking up properties there.

If you are planning to buy a property too and are looking for financing options, you will be glad to know real-estate developers these days tie-up with lenders to offer you the best finance options. For further information, you can talk to your real-estate developer or visit the website of the financial institution like Bajaj Housing Finance for more information.

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Provident WelWorth - One of the Best Properties in Bangalore

When talking about Bangalore, Eco-friendly architecture and state-of-the-art infrastructure are what come to mind. This is why the city has become one of the best cities which offer the best return-on-investment owing to the escalating prices because of the number of offices by blue-chip companies which have opened up.

Owing to the wide number of property in Bangalore, buyers are many times confused regarding which property they should go for. If you are unsure, you can check out Ambient Group’s InetSolv Infratech and Provident WelWorth City which are excellent options if you are buying a house for the first time.

# WelWorth City 

In a very short span of time, Provident Builders Private Limited has established itself as one of the best real estate builders in the city. Their project Provident WelWorth City is no exception. It is located on Doddaballapur Road and is spread across seven floors. It has 3BHK apartments having a 1075 square feet area.

The society also comes with a number of latest amenities such as swimming pool, gymnasium, dedicated play and shopping areas along with a dedicated gymnasium to name a few. 

# InetSolv Infratech 

Another prestigious builder in Bangalore happens to be InetSolv Infratech who have a long list of successful projects to their credit. These include Gardenia, Blue Bells, Mallow Springs, Maple Creek. They offer good quality and well-maintained 2 and 3 BHK apartments that are affordable and provide all the latest amenities.

In case you are planning to buy a house in Bangalore and want it financed, you can look forward to attractive home loan options from lenders including financial institutions who offer home loans at very attractive rates. Provident Welworth is among the top properties in Bangalore, to find out more visit the website of financial institutions like Bajaj Housing Finance to know more.

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Top Residential Localities in Vijayawada for Real Estate Investment

Real estate investments can bear the highest return on investment if done strategically. For instance, the first priority is to choose the right city - a booming real estate market such as Vijayawada. The second priority is to find the right locality with the lowest crime rate and good neighbors along with the highest proximity with the major commercial hubs. Last but not least, the property value appreciation rate is a must consider. On a related note, if you have been thinking of buying real estate property in Vijayawada, below are the top localities you can consider.

1. Tadigadapa Vijayawada: Tadigadapa is one of the safest residential localities in Vijayawada. Also, it is one of the fastest-growing real-estate centers in Vijayawada. Multiple real-estate companies are in the process of setting up their own housing projects in this area owing to the expected rise of demand in near future. Accordingly, Tadigadapa Vijayawada can be a great option for people planning to buy a 2 BHK or a 3 BHK flat in Vijayawada. take a Bajaj Housing Finance home loan to buy your dream flat in Vijayawada.

2. Kanuru Road: Kanuru road, which is also known as the educational hub, is a great choice for people who want to establish a conducive source of passive income. As said above, Kanuru road is an educational hub and hence, the demand for flat for rentals and PG is always high. You can buy a 3BHK or a 2BHK flat in this area and leverage from the neverending demand for rental properties.

Bottom line: Look for the right real-estate company and a good housing project before putting your money anywhere randomly.

Also Read:
Top Residential Localities to Choose in Vijayawada

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Top Reasons You Should Buy a Flat in Provident Sunworth

Apart from Delhi, Bangalore is the only metropolitan that has a mix of culture, cuisines, ethnicity, and modernity. Not just that, on contrary to the national capital, Bangalore also enjoys a pleasant climate. Maybe this is the reason a majority of Indians today want to shift to Bangalore - the IT hub of India.

On that note, if you have been planning to buy flat in Bangalore but had no luck yet, we would suggest you check out the Provident Sunworth. 

A Little About Provident Sunworth:- 

Provident Sunworth is one of the largest residential projects by Provident Housing. Spread across 59 acres with 75% open spaces. The builder is offering thoughtfully designed 2 BHK and 3 BHK at an affordable rate along with instant home loan facility from Bajaj Housing Finance.

The housing project is RERA approved. Hence, even if you don’t want to use the instant home loan facility, you can get your purchase easily financed by other banks and lending institutions.

Top Attractions Of Provident Sunworth 

# Thoughtfully Designed Flats: 

Provident sun worth stands true to its name and offers residential properties which are thoughtfully designed to receive maximum sunlight and cross-ventilation through the day.

# Maximum Amenities:

The housing project is spread across 59 acres and has ample space for walking trails. Plus, there are multiple sporting courts like – basketball, tennis, badminton, lawn tennis, cricket pitch. Not just that, even the grocery shopping can be done without stepping out of the premises owing to the presence of super grocery store within the residential campus.

Last but not least, the property offers serene and green living, away from pollution and the city bustle with a butterfly park.

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Where to Invest in Real-estate in Hyderabad?

Hyderabad is known as the Pearl City of India, is one of the most prominent or preferred places in South India for property investment as well as settling down. Be it for residential or commercial purpose, people gets interested to invest in real-estate in Hyderabad. Each passing day, you can see the rate of city construction sites are increasing. This is because the IT sector, academic institutes, health sector, and lucrative business opportunities are increasing manifold. That is actually attracting more people to shift to the city. Real estate developers like VRR Constructions are catering to the homebuyers’ demand by providing quality homes with great comfort, latest designs, and security and trying to offer flats for sale in Hyderabad in affordable price as compare to other cities.

Some of the areas that are booming maximum in real-estate investment and are considered to be the best areas are:

Kukatpally - The locality has recently been developed and is fully-equipped with essential amenities. With the support of the presence of Mumbai National Highway and help of Kukatpally Housing Board, the place Kukatpally has experienced a boom in retail activities in recent times. Many NRIs and top-level IT professionals are getting interested about the place as it is near to the IT hub Hi-Tech City. You will find well connectivity to markets, workspaces, schools, and hospitals as well.

Kondapur - This area is located in the Cyberabad information technology zone. It has been considered as the fastest growing area as a modern residential and business hub. It is very close to the outer Ring Road and Rajiv Gandhi International Airport, You will find sports arena and cultural center Shilparamam, and connectivity to commercial areas such as Madhapur, Kothaguda, and Hi-Tech City.

To find a few more best places in Hyderabad, read:

What are the Best Places to Buy a Home in Hyderabad

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Why To Purchase Property In Hyderabad?

Hyderabad is renowned for its historical importance and relevance. It is the City of Mughals and Nizams, which is also known as the Pearl City of India. It is the fourth most populous city in India. It is an expanding IT center and the second-largest film city in India. You will find many more historical and technological developments in the city, that will definitely convince you to invest in properties as your home.

One of the best apartments in Hyderabad is My Home Abhra, the latest luxurious venture by My Home Group. This particular project includes 387 apartments across 5 acres of land in a prime location at Madhapur.

The Reasons That Will Convince You To Settle In The City Are:

You can choose to purchase a flat in Hyderabad, as buying a flat can be a cost-effective option than buying an individual house. If you choose to live in flats, you will be able to experience some additional benefits such as maintenance and security of your home. Even you can finance the purchase of a home with the help of the Bajaj Housing Finance Home Loan.

The city Hyderabad is an expanding IT hub and still, it is offering abundant space for the residential areas of the city. You will also find many facilities such as the snow-themed park in the world and the seventh oldest university in India and the lengthiest flyover in India.

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SHUKHOBRISHTI - One of the Best Housing Projects in Kolkata

Being the cultural capital of the country, Kolkata has seen its share of ups and downs in the Real Estate in the last few years. However, the difficult times are over now and Kolkata has regained its status as a booming real-estate investment prospect.

Plus, thanks to the recent initiatives by the Indian government; 2018 is one of the best time to buy property in Kolkata. If you are interested, check out the top-rated real-estate developers and housing projects in Kolkata.

# Shapoorji Pallonji

Shapoorji Pallonji is one of the oldest real-estate developers in Kolkata. The company is known for constructing some brilliant architecture across the city. Presently, Shapouri Pallonji Kolkata is all set to unveil it's biggest housing project - Shukhobrishti. Located in New Town, Kolkata, Shukhobrishti is one of the biggest mass housing projects providing homes at affordable rates.

The best part about investing in Shukhobrishti is, you get instant home loan offers by Bajaj Housing Finance for buying homes here.

# Ambuja Neotia

Ambuja Neotia is a perfect choice for real-estate investors looking for eco-friendly housing projects. The group has already launched 217 housing units in the last decade. Currently, they hold their territories across Garia, Santoshpur, and Lake Town.

# The Mani Group

Following the tradition, ‘price low to high’ the 42 Kolkata is a premium housing project by the Mani Group. The housing project aims at offering affordable 5 and 6 BHK high-class luxurious apartments built in around 7780 – 7815 square feet; to their customers.

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Best Areas In Bangalore For Real Estate Investment

Bangalore is an IT hub that attracts talent from all backgrounds. Many dream to settle here or are on the lookout for their dream abode.

Best areas to invest in real estate Bangalore are -

• Indiranagar
• Narasapura
• Hennur
• Sarjapur
• Whitefield

There are several benefits to settling in a vibrant city like Bangalore blessed with an awesome climate.

1. You can get your home built exactly as per your preferences. You enjoy better flexibility in the style of construction.

2. Leading NBFCs like Bajaj Housing Finance offers attractive home loan for potential home buyers at the affordable interest rate and flexible tenure. Lenders understand your need for the loan and thus offer an easy payment scheme. This is called the Flexi Hybrid plan.

A unique feature that lets you borrow as per your need form the loan amount sanctioned. They then charge interest on these daily withdrawals. This helps to lower the EMI by up to 45% and better manage your finances.

3. With time there is excellent appreciation the investor can avail on their property. This makes it a great investment option for long-term investors.

4. Bangalore is a well-planned city endowed with dependable infrastructure. This makes quite a choice for working couples, families with young children and even senior citizens wanting to enjoy a viable social life.

5. Most of the open spaces that you find in Bangalore are for building a house that is near to natural places. This aspect makes it an attractive option for people wishing to find a house close to nature.

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Civil Lines - The Best Locality in North Delhi for Real Estate Investors

Delhi being the capital of India, is overpopulated and most of the areas like the south, south-east, and the west Delhi are ‘out-of-budget’ for the lower and middle-income group. However, as people say, “If one searches intently enough he can find God too!” potential home buyers still stand a chance to own a house in the capital if they look at the right place. 

Accordingly, Civil lines - a residential area and subdivision of North Delhi District in the National Capital Territory of Delhi is a perfect choice to buy apartment in Delhi. The region is one of the most crucial ones among the twelve zones of the Delhi Municipal Corporation and had established its prominence right from the British era. It remained the seat of governance for a considerable period of time under the British Raj and buying an apartment here is no less than achieving a major milestone in life. Don’t believe us? Take a look at the reasons why buying an apartment in Civil lines is worthwhile. 

Great connectivity in and around Delhi: Civil lines is well connected to major areas of south, west, and east parts of Delhi. Plus, major NCR areas such as Sonipat, Noida, and Gurugram are hardly an hour drive from this location.

Availability of public transport: Transportation is the best aspect of CIVIL lines. No matter what the time being, you’ll always find local DTC buses plying on the road. The area is surrounded by four major metro station: GTB Nagar, Vishwavidyalaya, Kashmere Gate, and Vidhan Sabha; each being hardly 2-4 KM away. Plus, the Old Delhi Railways Station and the Inter-State Bus Terminal are very close; hardly 5-10 minutes by bus or car.  

Highest proximity to Delhi University: Lastly, it is one of the best areas if your family includes college-going kids. The North and South Campus of Delhi University is easily accessible from Civil lines.   

Leading NBFCs like Bajaj Housing Finance offers attractive home loan for potential home buyers at the affordable interest rate and flexible tenure.

Read Also: Civil Lines in Delhi is a Top Choice for Investors

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