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Guru Purnima 2020
Your Blessings Enriched My Life Thank You And Wishing You A Very Happy Guru Purnima 2020.It Is An Incomparable Journey Where The Guru Leads You From The Visible To The Invisible, From The Material To The Divine, From The Ephemeral To The Eternal. Thanks For Being My Guru.
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Mission Begin Again
Hello All Our Honourable Customers,Office Staff & Business Associates We Are Back At Your Service After Lockdown. Please Contact Us For More Information
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Thursday, May 14, 2020
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How Covid-19 Will Impact Realty Sector In India
How Covid-19 Will Impact Realty Sector In India
If you have already bought a house and were waiting for possession, get ready for a delay. If you are planning to buy one, wait for things to settle down
It is difficult to think of a business that has not been impacted by the covid-19 pandemic. However, for the Indian real estate sector, the impact of the crisis can be a double whammy. The sector, especially the residential segment, has already been struggling with project delays, regulatory changes and low sales for the last few years.
The quantum of impact will depend on how long the lockdown will last and how long the economy will take to get back on track. Many experts said that the situation may deteriorate into a recession similar to what we saw in 2008, if not worse. Here are the possible outcomes for the real estate sector.
Project Delays
If you are among those homebuyers who were expecting to get possession of your house anytime soon, be prepared to keep paying both the rent and equated monthly instalments (EMIs) for a few additional months, as project deliveries will get deferred. Given the lockdown, construction in incomplete projects has come to a complete standstill across the country.
“We foresee a delay of around seven to eight months in project completion on account of supply disruption due to the virus outbreak and the National Green Tribunal ban on construction last year across the national capital region (NCR)," said Amit Modi, director, ABA Corp., an NCR-based real estate developer.
The duration of project delays will not just depend on the lockdown. Even after the lockdown gets lifted, it will take time for developers to resume construction work in full swing as most of the labourers have left for their home towns. “With fear of the pandemic looming large, many may even opt to stay back in their villages longer. This will lead to shortage of labour and further project delays," said Anuj Puri, chairman, ANAROCK Property Consultants. As per ANAROCK research, as many as 156.2 million housing units are currently under construction across the top seven cities in India, of which nearly 46.6 million units were to be delivered in 2020.
Demand-Supply Disruption
During times of uncertainty, most people defer plans to make big-ticket purchases. As a result, home sales are bound to fall. “Housing sales in the first quarter of 2020 plunged by 42% over the corresponding period in 2019," said Puri.
Developers, typically, schedule project launches during festivals such as Gudi Padwa, Akshaya Tritiya, Navratri and Ugadi, which fall in March-April. But given the ongoing lockdown due to the pandemic, most of them have deferred their plans this year.
Price Reactions
Most experts and developers believe that prices will largely remain stagnant though the costs may go up. “There will be no change in prices as transactions are not taking place. The prices will resume at the same level," said Mohit Goel, CEO, Omaxe Ltd, a real estate developer. Niranjan Hiranandani, national president, National Real Estate Development Council (Naredco), a real estate developers’ body, agreed. “In the primary market, I do not foresee any major changes. The market scenario has been ‘challenging’ for some time now, and possible discounts have already been factored into the current pricing. I do not see the option for any further rate reduction," he said.Developers anticipate increase in raw material cost, but they may not be able to pass that on to buyers in the current market situation. “India is a big importer of steel and iron products, technical construction equipment as well as plastic and fibre elements from China. With production in China going down, the prices of these materials may rise, increasing costs and reducing profit margins for developers in India," said Vikas Jain, CEO, Labdhi Lifestyle, a Mumbai-based real estate developer.
Meanwhile, the commercial space may suffer for a while. According to a press release by ICRA on the impact of coronavirus, the retail commercial space comprising mainly of mall operators will be impacted in a major way, as a result of closures across the country, but the repercussions on office spaces are likely to be marginal.
There may be outliers though. “There is always the possibility that a few cash-starved developers with high unsold stock may sweeten deals for buyers. But this was happening even before the pandemic," said Puri.
The Recovery Path
A study by Savills India, a property consulting firm, expects global businesses to see a surge once the pandemic dies down. “India will witness a slowdown in the current and coming quarter, however, it stands to benefit post recovery," it stated.
If you were planning to buy a house before this pandemic, revisit your budget. Check whether your investments that you were planning to redeem for down payment are intact or if they have suffered a setback. Ideally, you should wait for things to settle down since the prices and inventory are unlikely to change.
Tuesday, May 5, 2020
Monday, May 4, 2020
Wednesday, April 22, 2020
Duties And Responsibilities Of Real Estate Broker
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| PropertyBook India Real Estate Blog propertybook-india.business.site |
Duties
And Responsibilities Of Real Estate Broker
A Real Estate Broker Works To Negotiate And Arrange Real
Estate Transactions. This Licensed Individual Has Daily Duties That Include
Writing Contracts And Overseeing Transactions For Sales And Purchasing
Activities On Homes, Land And Commercial Properties. A Broker Has Attained A
Higher-Level License Than A Real Estate Agent And Can Hire Real Estate Agents
To Work As A Team Under Their Supervision.
Licensing Levels
In India Every Real Estate Professional Is Licensed As A
Broker From Real Estate Regulatory Authority By Government Of India. However,
Even If You Are Licensed As An Independent Broker, You Must Attain Another
Higher-Level License If You Want To Hire Agents Or Other Brokers To Work Under
You. There Can Be Considerable Risk Involved If Agents Are Not Properly Trained
And Supervised, Particularly With Regard To Fair Housing And Environmental
Regulations. Brokers Who Allow Agents To Make Major Mistakes Can End Up Sharing
In The Penalties, Both Financial And Legal.
Agents Often Set Up Their Websites. A Supervising Broker
Assumes The Responsibility Of Reviewing Their Agents’ Websites Periodically To
Make Sure No Regulation Violations Exist.
Real Estate Brokers Working For Sellers
While An Agent Working On A Broker's Behalf Will Often Take
On The Following Duties, The Broker Handles Transactions For Sellers As Well.
In Some States, All Licensed Individuals Are Brokers, Though Only Some Are
Licensed To Supervise Agents. Some Of A Broker's Duties On Behalf Of Sellers
Include:
- Listing Homes For Sale On The Local, Mls, Multiple Listing Service
- Sharing The Brokerage Listings With Other Mls Broker Members To Get Buyers To The Property
- Sharing The Listing Commission With Successful Buyer Brokers
- Advising The Home Seller In Preparing Their Home For Listing And Showings
- Supervising Showing, Report To Sellers Results And Feedback
- Submitting Any Offers To The Seller For Consideration
- Helping The Seller Negotiate Offers To Try And Execute A Purchase Contract With A Buyer
- Working On The Seller's Behalf In Coordinating The Transaction Process
- Delivering And Explain Documents, Disclosures And Transaction Items
- Working With The Seller Through The Closing And Their Move-Out From The Home
Working With Buyers
On The Other Side Of The Transaction, Brokers Work With
People Wanting To Buy A Property By Providing Advice And Services To Help Them
To Find A Property That Fits Their Needs And Completing The Steps Of The
Transaction, Such As:
- Helping Buyers Locate All Properties In Their Desired Area In Their Price Range And Meeting Their Criteria
- Coordinating And Helping Buyers To Visit And View Properties
- When A Decision Is Made To Attempt A Purchase, Helping The Buyer Craft Their Initial Offer And Purchase Agreement
- Working With The Buyer On Their Behalf In Negotiations With The Seller Through Their Agent/Broker
- Once A Purchase Contract Is Executed, Coordinating The Transaction Process On The Buyer Side
- Delivering And Explaining Documents In The Transaction Process
- Coordinating Inspections, Reports And Repair Negotiations
- Assisting Buyers Through To Closing And Taking Possession
Brokers And Supervising Agents
When A Broker Is Licensed To Have Agents Working Under Them,
Sometimes Called A Supervising Or Managing Broker, Their Agents Handle Most Or
All Of The Brokerage Transactions. As Part Of The Supervisory Responsibilities
For Agents, The Broker:
- Verifies Continued Licensing Of All Brokerage Agents
- Instructs And Trains Or Provides Training Resources For Agents Is Responsible For Agent Behavior, Performance, And Legal Compliance
- Provides Some Services And Marketing Resources For Agents
- Often Maintains A Brokerage Website For Agent Marketing
Real Estate Brokers Licensed At The Highest State Levels Set
Standards Of Practice In The Area And Are Tasked With Maintaining High Levels
Of Customer/Client Service And Compliance With All State-Based Real Estate
Laws.
Considerable Risk Exists In The Operation Of A Brokerage. To
Minimize This Risk, Brokers Assume The Responsibility Of Educating And
Constantly Monitoring Their Agents. Many Agents Are Happy To Work In That
Manner, But Ambitious Agents May Choose To Take Advantage Of The Higher-Level
Opportunities That Come With Working As A Real Estate Broker.
Thanking You,
Wih Warmly Regards,
PropertyBook India Team.
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Monday, April 13, 2020
Top Builders In Panvel Navi Mumbai
Top Developers In Panvel Navi Mumbai
- Marathon Group
- Sambhav Group
- Hiranandani
- Atharav Developers
- Neelkanth Constructions
- Savitri Builders & Developers
- Shree Chinmay Gaurang Group
- Alankara Developers
- The Wadhwa Group
- Apex Buildcon
- Reputed Builders
- Swaraj Homes Builders & Developers
- Persipina Developers
- National Builders
- Shivalink Builders And Developers
- M.P.Group
- Godrej Properties Ltd
- Prime Realities
- Space India Builders And Developers
- Paradise Group
- Mahalaxmi Developers
- Alankar Developers
- Sairaj Constraction
- Ashtavaniyak Builders And Developers
- Future Homes
Posted By,
PropertyBook India.
"Indias Top Property Advisory Firm.!"
Contact Us:- 8070901001.
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Godrej Emerald Thane Call For Booking PropertyBook India 8070901001
Godrej Emerald Thane
(Reset everyday in Thane)
Introducing to you, Godrej Emerald in Thane, exquisite 2 and 3 bed premium homes that offer unobstructed views of the Yeoor Hills expanse.
Situated in one of the privileged locations of Thane, Ghodbunder Road is one of the top investment spots today. It is renowned for excellent commercial, retail and social infrastructure and more so for the tranquil ambience set by the Yeoor Hills and the Ulhas River. Owing to the presence of several MNCs coupled with several infrastructural projects that are underway, Thane has been rated to be one of the top investment spots of the country. Esteemed Real Estate Consultant, Knight Frank has reported Thane real estate among the top 20 in the world for investment.
At this strategic location, Vista is surrounded with the effervescence of nature, where you wake up every day in the morning to the chirping of birds against the beautiful backdrop of the Yeoor Hills. Treasure this mesmerizing luxury for life from your very own exclusive sundeck attached in your spacious 2 and 3 bed residences. Recharge, rejuvenate and splurge in over 40 world-class amenities that offer everything from an amphitheater to a skywalk to tower-exclusive Kids’ Play Areas.
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Godrej Emerald Thane
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Saturday, January 18, 2020
PropTiger Real Estate Website
PropTiger
The second last that we have included in our top 10 list is PropTiger. The listings are good for only two cities Mumbai and Bangalore.
The USP of Prop Tiger is property listing if you are a NRI. Seriously avoid using this site.
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Makaan Real Estate Website
Makaan
Makaan has been there for a while now but still not in the top league. Well a web portal has to have some USP otherwise it won’t exist.
The USP of Makaan is relatively better quality of database compared to others, for few cities like Ahmadabad, Pune and Hyderabad.
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CommonFloor Real Estate Website
CommonFloor
Next property site is CommonFloor relatively that has gained popularity in no time. Its USP is simple just buying and selling in major top tier cities like Mumbai, New Delhi, Bangalore and other few.
So if you live in 3rd tier cities like Bhopal or Lucknow then you might run into problems with this web portal.
Otherwise the site is pretty mediocre and has nothing special to offer.
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NestAway Real Estate Website
NestAway
NestAway calls itself ‘India’s fastest growing managed home network.’ Rightly so. This website began as startup after four entrepreneurs found it difficult to get suitable accommodations in 2015.
Over the last four years of operations, NestAway has emerged as a property website of choice among women, men and families that need to relocate for employment or business.
Additionally, major companies hiring staff from other locations in India or foreign countries also approach NestAway to find suitable accommodations in all major cities.
I find this website a refreshingly new approach to relocations and finding homes for everyone. Additionally, NestAway also offers a referral program wherein you can earn up to Rs.10,000 cash for referring friends and homeowners to rent rooms or homes from this website.
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Housing Real Estate Website
Housing
Next on our list is Housing. Web portals like Common Floor, IndiaProperty and Housing are in same league.
The thing I liked about the website is accuracy of their database. Their listing is still genuine and success rate of buying or selling a property is good because of quality of their data.
According to Housing.com their verified listing is over 1 million.
Moreover the web portal also has good reputation if you want to buy (not sell) a property outside India.
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IndiaProperty Real Estate Website
IndiaProperty
IndiaProperty is fourth on our countdown list.
Although I have limited experience with this site but what I found out the site works well if you have to do research about a particular property you want to buy.
The USP of this site is details that it could offer. You can get into details for a particular city and dig up all the information that you need.
Moreover, India Property is also good for people living in smaller cities.
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Nobroker Real Estate Website
Nobroker
Nobroker is like dream come true for anyone that wants to buy, sell or lease real estate in India. This website provides direct link between the seller and customer that eliminates brokerage.
In India, brokerage can run fairly high, with buyer and seller each paying about two percent of the transaction value or two month rent.
NoBroker claims it reduces the brokerage burden by a combined Rs.850 million every month on real estate transactions.
With over a million new customers registering on NoBroker every month, it is one of the best real estate websites of India.
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PropertyBook India
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MagicBricks Real Estate Website
MagicBricks
Second best property site in our list is MagicBricks. This website had quite a meteoric rise in India.
So what is the USP of MagicBricks? Well! According to my experience this particular web portal is designed for buying and renting purposes.
I liked their buying search engine because the results were very satisfying. If you want to rent then also the database is OK. However avoid if you want to resell your house, use others’.
Another thing I like about Magic Bricks is images and detail research that they offer before buying a property.
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PropertyBook India
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Real Estate Websites 99Acres
99Acres
The first real estate website on our top 10 list is 99Acres. This is one of the premier website for buying and selling properties.
It claims to be India’s number one real estate web portal so we ranked it 1st in our list.
Again the USP of 99Acres is resale. This site could offer you a vast enumeration of locations, projects or societies if you want to resale your apartment, a villa or a commercial property.
Their database is quite genuine, at least compared to others. Rest of the features like buying & selling, renting is quite unexceptional.
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Wednesday, January 15, 2020
Property Book India (Property Buying Services)
We,At Property Book India, Deal In Consultancy Related To Buying Of Residential Properties In Navi Mumbai. Navi Mumbai Is One Of The Most Popular Areas For Purchasing Plots For Residences As Most Of The Software And Other Companies And Industrial Units Are Relocating To This Area. We Consult In The Buying Of All Types Of Residential Properties Like Residential Complexes, Apartments, Bungalows, Investment.
PropertyBook India
Call:- 8422901001.
Web:-
https://propertybook-india.business.site
https://propertybookindia.business.site/
Whats Aap:- http://wa.me/8070901001
Property Book India (Property Consultation Services)
Property Book India (Property Consultation Services)
We Offer Real Estate Management Services And Property Consultation Services.
Our Property Consultation Services Includes Rentals And Sale Purchase In Navi Mumbai.
Property Book India,Is An Appraisal/Consulting Firm Whose Primary Business Is To Conduct Property Appraisals For Ad Tax Purposes And To Provide All The Services Related To The Implementation And Maintenance Of Effective Property Valuation Programs.
Property Book India,Is An Appraisal/Consulting Firm Whose Primary Business Is To Conduct Property Appraisals For Ad Tax Purposes And To Provide All The Services Related To The Implementation And Maintenance Of Effective Property Valuation Programs.
PropertyBook India
Call:- 8422901001.
Web:-
https://propertybook-india.business.site/
https://propertybookindia.business.site
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MagicBricks Second best property site in our list is MagicBricks. This website had quite a meteoric rise in India. So what is the USP...









