SDMC Digitizes Process To Issue Building Plans Sanction Letters

People looking to construct flats in Delhi there is some good news for you the South Delhi Municipal Corporation (SDMC) has entirely digitized the process to clear the building plans. The civic authority is first civic body in India real estate which will issue digitally signed sanctioned letters. Since property rates in Delhi are very high many people are looking to construct their properties. Now people under the civic area are not required to visit SDMC offices for submitting their application for building plan of property for sale in Delhi. Now people will enjoy paperless digital process the status of application will also be available online.

The single window clearance and common application form will make work much simpler of end-users as well as architects of property for sale in Delhi as now the building plan which will be in form of digitally signed letter will be available for downloading. Lot of paperwork has also been reduced. Multiple affidavits have been merged into a single affidavit making to work of architects of flats in Delhi much simpler. The applicant can also deposit all the applicable charges of concerned departments online to the SDMC. Later when the building plan is sanction it along with the signed letter can be downloaded by applicant or architect of flats in Delhi. The move has been cheered by all stakeholders of property for sale in Delhi. Many people looking at high property rates in Delhi were looking to build their houses but bureaucratic queues were hindering them to do so but now all seems well for the city. 

Around two years back the Government of India had conceptualized a paperless, speedy and hassle-free sanction of building plans for India real estate. The SDMC therefore started developing the initial software and now it is the first municipal corporation in India real estate to do so.

Factors That Affect The Decision Of Buying a Property For Sale In Delhi

Before buying a property in Delhi for sale, one has to think about a lot of factors such as, location, neighbourhood, style and size of the house, future appreciation of the house, the sources of income, the budget and plan of re-payment. Many people look to buy a property for sale in Delhi but have to put their decision on hold as factors do not favorably support them. Real estate in Delhi has always attracted investors but the prices of properties make it difficult for a genuine middle-class buyer to afford a property in Delhi for sale.

As the decision of purchasing a property for sale in Delhi is a lifelong one, every aspect is important. There are a lot of things that are to be kept in mind while purchasing a property for sale in Delhi. Experts feel that the price of the property in Delhi for sale is the major factor that determines the property buying decision; the factors like location and connectivity take a back step as it is mainly the budget or pocket of the buyer which either makes or breaks the deal. Since real estate in Delhi is quiet expensive people look to buy property such as flats in Dwarka that fit in their budget and also partially suit other requirements. Currently apartments in Dwarka are offering good price appreciation, location and the flats in Dwarka can also be bought at a negotiated price.

Another important factor are the home loan rates, since most of the people buying property in Delhi for sale like apartments in Dwarka take a loan the interest rates plays an important role in buying decision. Although there has been a recent rate cut, people are looking at the possibility of another rate cut announcement in the near future. This is holding back the property buying decision of people in real estate in Delhi.

Effect of Navratra on Delhi Real Estate

Navratra are considered as an auspicious occasion and people consider making important decision during this phase. The environment of the real estate Delhi market also goes upbeat in Navaratri each year, this gradually leads homebuyers to fulfill their dreams. The builders too want to see a movement in property for sale in Delhi and in an attempt to woo the buyer the sometime slash the Delhi property rates marginally or offer discounts or freebies. Recently DLF too announced a small cash discount on 1 % on Delhi property rates on its two luxury projects in Delhi real estate. The discount can be availed till 31st March 2015. Many other builders are also offering freebies alongwith property for sale in Delhi. 

Projects offering Uttam Nagar flats for sale are also coming up with several schemes. Although the sales of flats in Uttam Nagar have dipped in the last one year. Experts hope that freebies and discounts will attract people to buy Uttam Nagar flats for sale. People are expecting that the sales of flats in Uttam Nagar will be higher compared to the last year. 
 
Several builders in real estate Delhi are coming up with Special discounts, subvention schemes, modular kitchen, a free car parking , freebies and club membership etc. Buyers too want to be spoilt for choice before they can pin point which property for sale in Delhi they should buy. Delhi property rates have skyrocketed in the last few years, there is no harm in trying to negotiate hard with the builder. Delhi is a good place for investment and being the National capital the property price will always appreciate. So try and get the best deal this festive season, cash in the Navratra offers that are being rolled out by well-known developers and fulfill your dream of owning a home in Delhi.

Real Estate in Delhi: Buyers' Sentiments Watering Down

Delhi Property at Makaan.com

A friend of mine is trying to buy a house of his own in Delhi. Every time I meet him, this subject creeps  in-he has the habit of digressing to this favorite topic of his, no matter what the subject we are talking about. If one overhears our conversation at any point of time, he would hear the phrase 'real estate in Delhi' over and over again. Actually, there are a number of things that are making him waver about his decision. May be you too are facing the same situation. Let's talk about what is ailing an average buyer who wants a property in Delhi...

Everyone knows about the prices that real estate Delhi has been seeing year after year. They only escalate and seldom come down. This is the major concern. In spite of the fact that not much scope is left for any horizontal development in the city, the developers never let the prices to come back even a bit and make buyers take a breather. Living in a fully-furnished 2-BHK flat has become a distant dream for the middle-class income segment(like my friend). Talk of South Delhi, the rates are able to retain their 'colossal' nature there. The other regions too are following the suit.

Added to the woe is the inability of government to control inflation. Eating out or dining in a restaurant, buying a car, or purchasing petrol have become the 'privileged things'. Open your Facebook and see what importance a simple root like onion has gained. So much so is the hike in its price that it is seen as an 'endangered food' from our kitchens. With such things happening, who has the money left for buying a house and that too in Delhi? Real estate in Delhi, at the present moment, is facing a slump. Buyers are hesitating to make a purchase, given that they are finding it difficult to make enough disposable income for investment.

As if this was not enough, the fall in rupee further diluted buyers' sentiment. This steady decline has almost made them press the 'stop' button for their home buying aspirations. The fall-off has wiped out hopes of those who were planning to go for property for sale in Delhi this year. The present scenario may not last long, but it is posing difficulties for home buyers right now.

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New Farmhouse Policy Going to Change the Face of Residential Property in Delhi

Delhi Property at Makaan.com

I have been commuting via Delhi metro from past three years and every single day, I have noticed one thing in particular. There are no or only 1 or 2 people getting down or boarding the train at Ghitorni and Sultanpur(Jhangirpuri-Huda City Center Metro Line). And I used to wonder why the train even bothers to stop at these two. It seems that authorities heard the mumblings of my heart. The new Farm House Policy laid down by DDA is going to completely change the scenario. As per this policy,  been  a total of 27 low density villages shall be covered for the construction of one-acre farmhouses. These shall be termed as 'Country Houses', and shall influence the rate of other property for sale in Delhi.

Since the day DDA announced that such a scheme shall be rolled out, there has been an unprecedented number of inquiries from investors and High Net Worth Individuals(HNIs) for acquiring land in these villages. This interest has directly affected the prices of other South Delhi property including flats and apartments: their rates have depreciated by 10-15% in the first quarter of 2013. DDA has also decided to increase the Floor Area Ratio(FAR) in the villages that are scattered along metro lines. The earlier FAR of 15% is proposed to increase to 20%.

In addition to Ghitorni and Sultanpur, a few other villages that have been included in the Farm House Policy are Asola, Devli, Hiranki, Bakoli, Rangpuri, Khanpur, and many more. As against the proposed  one-acre area, the earlier mandatory area for farmhouses was 2.5 acres. To make the best of the situation, several prominent builders have already roped in for acquiring land in these villages. As far as the present farmhouses that have covered high floor areas need to pay penalty in return for the regularization.

In the years to come, these remote villages shall be able to see high-end residential developments. This shall take time, but once that happens, these areas shall populate well. The number of commuters to and from the areas along metro-line shall increase considerably. We shall have to wait which turn the residential property in Delhi takes...

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Delhi properties have never lost its sheen in global real estate market

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Demand for Delhi properties always remain on high because it is the national capital and its proximity to the cities of North India. Deep-pocketed buyers are looking for every opportunity available to buy a property for sale in Delhi because the properties are on the list of India’s residential address.

The value of property Delhi have increased manifold over the decades. The areas of South Delhi and Central Delhi has skyrocketed in the last few years because of the social infrastructure and planned localities. The government authorities are planning to make the city a hot real estate destination in the global market.

The national capital witnesses the demand for properties because of the migrant workers and the government offices. And because of the short supply and housing demand from the working populace, Delhi is also a good rental property market. The 1 and 2 BHK category housing units are the preferred choices of the working class as they are low in rentals and affordable. For instance, the rent of 1BHK usually ranges from rupees 4,000-5,000 per month.

On the short supply and rising demand of houses the property prices of Central Delhi has shoot up to a great extent. According to reports, property such as Lutyen’s Bungalow Zone has increased 8-fold in the past decade. Owning a bungalow in Central Delhi is desire of several prominent industrialists and business tycoons. The bungalows and private properties that lie in this area are sure to fetch not less than 100 crores because of the high demand and low supply. 

Prices of properties in South Delhi are also increasing at an alarming rate with major realty developers are coming up with luxury housing projects. A report says that Godrej Properties has inked an agreement with Southend Infrastructure to develop a luxury residential housing project in Okhla Phase-1 which is located on the road that connects Greater Kailish and Mathura road.

Residential units in Delhi that are connected to NCR are in high demand. For instance, Dwarka, Anand Vihar, Vasant Kunj, Vasant Vihar, Pandav Nagar and Mayur Vihar are some of the locations that are well connected to Gurgaon, Noida and Faridabad that are IT hubs. 

Home buyers in Delhi consider a few conditions while searching for a property or real estate Delhi such as affordability, transport connectivity and ready-to-move-in property.

With the inclusion of three more districts in NCR, namely Bhiwani, Mahendragarh and Bharatpur experts believe that it will have a significant impact on the property prices and demand for real estate Delhi.