Jan 28, 2020 | Blog, Buyer Concern
One thing surely every potential home buyer or owner thought of sooner or later is – “What are the factors that decide property costs?” People hoping to purchase a property would definitely get a fair idea from this article so they can recognize regions or ventures that require less speculation and guarantee a good return in the near future.
Now let’s have a look into the factors that can affect the real estate price.
Major factors that affect the housing market
Demand and Supply
Well, we all know how the economic forces of demand and supply determine prices – high demand with low supply indicates high prices whereas low demand with high supply indicates low prices. This implies if the availability of properties reduces the costing of the current properties raises. Combined with an increase in the number of occupants possessing a specific area, the reputation of a region as far as individuals keen to live there, additionally drives its cost.
Infrastructural development
While looking for buying a flat in Guwahati or anywhere else, a homebuyer must pay a major consideration to the infrastructure of that particular area. An area that has a sensibly great infrastructure has apparently higher chances of being picked by a purchaser. In like manner, the property cost additionally shoots up. Conveniences, for example, accessible roads, proximity to schools, hospitals and shops, markets and metro rail underway, etc. all these factors significantly tend to help increase land costs.
Fiscal growth
Demand for a property, a purchase is reliant upon income. With higher fiscal growth and rising wages, individuals will have the option to spend more on houses; this will build demand and drive costs. As a matter of fact, Demand for property purchase is frequently noted to be salary flexible; rising wages prompting a greater percentage of pay being spent on houses. Likewise, in a downturn, falling livelihoods will mean individuals can’t bear to purchase and the individuals who lose their employment may fall behind on their home loan installments and end up with their home reclaimed.
Home loan rates
Current home loan rates interestingly affect property costs through demand. At the point when interest rates for home loans are high, it decreases the demand for a property since it profits over the high loan rate and which means loan borrowers will feel doubtful about spending extra money. Likewise, when loan interest rates are low, purchasers help the demand for property sales. Demand at that point abides on the figure that property flat that sellers quote.
Customization
The real estate price gets higher in the case of developers undertaking customization of residential flats based on the homebuyer’s prerequisites. For instance, a few buyers may wish to have big porches or verandahs attached to their hall or bedrooms, modular kitchens, heat resistant floors, or other buyer’s distinct alterations.
This prompts a price appreciation in a final value charged to the flat buyer. Before settling on their property buy choices, every buyer should do an examination of these drivers to get a reasonable evaluation of the house that interests them.
In this way, there are numerous factors that impact real estate price rise and all these should be paid attention to while putting resources into buying a flat. Cautious examination and research can prompt better returns, painless liquidity, and profitable investment. You can also contact us at 984047000 to know about our upcoming project Akansha flat prices.
Jan 20, 2020 | Blog, Buyer Concern
Purchasing a house includes a chain of decisions that can affect your life for quite a long time or even decades. The choice to lease or purchase a house is the first. When that is ruled out in favor of ‘purchase’, discovering the ideal home for your family is the next step. And afterward comes the critical ‘Fixed or Floating Rate Interest’ home loan choice. This choice affects your bank balance and subsequently, requires cautious consideration. So what’s the difference between the two and which is more favorable for you?
Let us find out which choice is better: Fixed home loan or Floating home loan
You can opt for a floating home loan interest rate if –
- Expecting the interest rates to fall
- Uncertain about interest rate movements
- Looking for a few investment funds on your interest rate in the near term
You can opt for a fixed home loan interest rate if –
- Okay with the EMI you are resolving to pay
- Anticipating interest rates to increase
- If interest rates have descended, you hope to secure at that rate
In case you are not capable to make your mind up, opt for a group loan – fixed and floating home loan interest rate in half-half.
You can swap between a fixed and floating home loan interest rate at a minimal fee.
It is very important to focus on the home loan’s interest rate because it is the interest rate that determines affordability. Besides the home loan interest rate, likewise, consider the type of interest that you pick. You can pick between a fixed and floating home loan interest rate accordingly.
Floating and fixed home loan interest rates, both have their own benefits. Thus, it is important that you understand the meaning of both the home loan interest rate and its benefits and then act accordingly.
About fixed home loan interest rate and its benefits
Fixed home loan interest rate implies to reimbursement of home loans in fixed equivalent portions over the entire time-frame of the loan. For this situation, the loan fee doesn’t change with market variances. Near the beginning part of the loan tenure, most of the scheduled monthly installments are utilized to support the interest and the principal is paid in the latter part of the term.
Benefits of Fixed home loan interest rate
- Interest rate is fixed regardless of market variances
- A fixed home loan interest rate is brilliant for the individuals who are skilled at budgeting and want a fixed month-to-month reimbursement plan, which is anything but difficult to spending plan and doesn’t vacillate.
- It gives a feeling of sureness and security
About floating home loan interest rate and its benefits
Floating home loan interest rates by name infers that the rate of premium differs with economic situations. In this home loan, the interest rate is fixed to a base rate in addition to a floating factor thereof. Therefore, if the base rate fluctuates the floating interest rate fluctuates as well.
Benefits of Floating home loan interest rate
- The prime benefit of floating home loan interest rates is that they are less expensive than fixed home loan interest rates. Therefore, in case that you are getting a floating home loan interest rate of 11.5 percent while the fixed home loan interest rate is being proposed at 14 percent, yet you set aside money in case the floating loan interest rate increases up to 2.5 percent.
- Though floating home loan interest rate goes more than the fixed interest rate, it will be for some time of the loan and not the whole term. The interest rates will undoubtedly fall over an extensive stretch and, subsequently, the floating home loan interest rate brings plenty of investment funds.
Despite everything, you can’t choose?
If you are not yet certain about which home loan you should prefer, settle on a group loan – half fixed and half floating. This is particularly reasonable for you in case you have other loan reimbursements at the moment and your incomes have been premeditated to meet your loan commitments for the initial 3-5 years; during this term, you can pick a fixed interest rate home loan. After this stage, you can go for a floating interest rate home loan for the remaining tenure of the loan.
To finish up, one cannot state that one loan type is superior to the next; choosing the fixed or floating home loan interest rate will purely rely upon your requirements, priority and economic condition.
Meanwhile, consider the above-mentioned factors to choose the alternative that suits you best. Moreover, you can contact Protech Group for more details on home loans and real estate rates.
Dec 30, 2019 | Blog, Buyer Concern
Since time immemorial, the land has never lost the value or demand, and with just restricted space accessible for a quick expanding populace, realty offers better (and ensured) returns contrasted with other well-known investment decisions. Protech Group of Real Estate Company in Guwahati prefers choosing location best suited from a flat buyer’s perspective.
India maintains to hang on to its position as the world’s fastest developing significant economy with the help of improved shareholder conviction and better policy amendments. The IMF’s (International Monetary Fund) database furthermore suggested that India’s obligation to world development has extended from 7.6% during 2000-2008 to 14.5% in 2018.
Let’s check out the 2019 real estate market
- Flats are cheaper: Many metropolis saw prices fall. In others, the price upsurge was lower than the buyer value rise. Excluding Hyderabad, prices were down in genuine terms all over India.
- Lower GST rate: Decreasing the GST rate to 1% for reasonable accommodation and 5% for others improved purchaser acuity. Be that as it may, developers scaled costs to counterbalance for the loss of input tax credit.
- Impact of rate cuts: Rate cuts by the RBI have relieved yet not to the degree they ought to have. The repo rate was cut by 75 bps but only around 35 bps cut was passed on to borrowers.
- Investors are out: Due to the high cost of capital and a moderate rise in prices, investors are keeping away from real estate. Purchasers rather opted for ready-to-move-in flats than under-construction apartments.
- Builders play safe: After the introduction of the RERA, builders are being careful not to take any risks. Relatively few new projects were being launched. Rather, builders focused on completing their ongoing projects. Protech group real estate companies who are also RERA approved builders in Guwahati launched only one project, Protech warehouse Bongora, as the company believes in providing quality rather quantity.
- Property value has fallen to some extent: Massive inventories and strict regulations have kept property value low crosswise over significant Indian urban areas, according to the most recent report for most of 2019. Protech Group provided subsidy loans under PMAY to ease property buyers in Guwahati. Protech galaxy, Bhetapara is the ongoing residential project and the sale is still on.
- Innovative offerings by Builders: real estate builders have made every possible effort to enhance by offering theme-based projects to homebuyers like – comfort homes with branded amenities like senior citizen resting area, kid-friendly playground, infinity pool, and much more.
Protech’s upcoming project, Protech Akansha is also a theme-focussed residential project designed to provide the most branded amenities at an affordable price.
We could see that 2019 has been a year that proved neither too providential nor too untoward for the real estate sector or homebuyers. So, with this year almost at the edge of closing, let’s move onward the new year with a good note- “New Year, New Day, New Beginning.”
Dec 21, 2019 | Blog, Buyer Concern, Buyer Concerns
Guwahati is the best place to buy a flat in Assam.
Guwahati is a budding city, popularly known as the temple city, and is surrounded by hills. There is a hill view from almost anywhere, stand in a crossroad and you can view a hill in front of you. The gateway to other North-eastern states with frequent and good transportation facilities: This is one of the most eminent points which makes Guwahati the best place to buy a flat.
Moreover, most of the real estate builders in Guwahati are approved by RERA and apartments are designed according to the guidelines of Pradhan Mantri Awas Yojana which facilitates the buyers to reap benefits of purchasing flats at subsidized rates. Protech Group is an award-winning real estate builders in Guwahati, and also approved by RERA. If you are planning to buy a flat in Guwahati, the sale is on in Protech Galaxy.
Guwahati is a good place to shift to for people planning to move from other metro cities or states. Little setbacks are congestion on streets and exigency of good jobs despite higher educational institutes like the IIT Guwahati, Royal Global Institute, etc. However, if you plan well ahead of buying a flat in Guwahati, the change from other metro cities can be very cost-effective and the cosmopolitan city will not be taken away from your active lifestyle as well.
These are a few focal points that make Guwahati the best place to buy a flat:
- A designated smart city with a domestic and international airport, and metro being planned.
- Moderate pollution levels as compared to other metros.
- Lower cost of living and affordable property.
- Centre point of the North East states with good connectivity, and frequent transportation facilities.
Considering the above-mentioned points Guwahati sounds a great place to invest in a house. However, a good location can mean different things to different people, of course, but there are also objective factors that determine a home’s value. Depending on your personal needs and preferences, you may not be able to buy a home with all of these factors. That’s okay – beyond everything, a home is much more than just an investment. But, next time you are purchasing a new flat in Guwahati, keep the following factors in mind.
1. Centrality
Where you choose to live in a city or town will undoubtedly affect how much you pay for your home. The land is a finite commodity, so cities like Mumbai and Delhi are highly developed and don’t have a lot of room for additional growth, tend to have lofty costs than cities that have too much room to expand, which is an exception in Guwahati till date.
2. Neighborhood
While choosing a buy an apartment, neighborhoods that fascinate you will mostly be an affair of personal choice. However, a truly good neighborhood will have a few key factors: appearance, accessibility, and amenities.
Appearance: Large trees, landscaping, and nearby green or community spaces tend to be desirable. You can also judge the popularity of the neighborhood based on how long homes in that area tend to stay on the market; if turnover is quick, you are not the only one who thinks this is a desirable place to live.
Accessibility: a neighborhood that is situated near your city’s major routes and that has more than one point of entry. Commuting to and from work is a big part of many people’s day, so a house with easy access to roads and/or public transportation will be more desirable than one that is far and can only be accessed by one route.
Amenities: Important amenities such as grocery stores, shops, and restaurants are what most buyers look for while choosing a location to buy a flat. Most people like places that are well-situated – in case you have to go a long distance to get to anything; it’s likely to make your house less attractive. Schools are another important amenity – even if you don’t have kids, if you want to sell your home in the future, many buyers will be on the lookout for good schools.
Protech builders consider all the necessary points and develop structures that suit the tastes and requirements of homebuyers in Guwahati.
3. Development
While deciding on property purchase it’s not just existing amenities that matter, but future ones as well. Plans for schools, hospitals, public transportation, and other commercial infrastructure can significantly pick up property values in the area. When you are buying a home, try finding out if any new public, residential, or commercial developments are planned and take into account how these add-ons might have an effect on the suitability of the adjacent areas.
People from Guwahati as well as also outside the city have a magnificent prospect to invest here in Guwahati nestled amidst fresh air, far from the maddening crowd, yet close to all essential civic amenities. We, the Protech Group of builders think from our customer’s perspective and deliver the best suitable projects to cater to their needs. Have a look at our current project https://bit.ly/2PJ2rIf, you never know, your dream home might be just at a click away!
Dec 7, 2019 | Blog, Buyer Concern, Protech Properties
Purchasing a house in Guwahati or anywhere on earth is not an easy job. As though saving money to own a dream house isn’t arduous enough, you need to really focus to choose what to purchase. You decided to buy a flat, chose the locality, and financially ready and had talked about with your family. This certainly looks like you are on the right track. But, since you are investing a big amount you would prefer not to commit any error in a rush. Isn’t that so?
There are basically two options while buying a flat- Ready-to-move-in flat and an Under-Construction flat.
Thus, the major confusion that starts while planning to buy a flat is which type of flat to purchase a flat which is under construction or the one which is ready-to-move-in?
For many property buyers, ready-to-move-in projects sound the most appropriate investment. However, underdevelopment projects are no less as far as quality and cost are concerned. In case you execute meticulous research on the project, location, value, engineer, and other related perspectives; the under-construction flats provide a positive reception than ready-to-move-in flats.
Benefits of under-construction property
Low cost
The cost of under-construction flats usually starts at a low price. As the demand increase when more people start purchasing, the market cost shoots up.
As a buyer, if you invest early you can benefit from the price movement. But, you need to carefully find a builder with a track record of completing projects on time.
As a purchaser, the sooner you invest the best price benefit you get. However, you have to cautiously discover a builder with a reputation for finishing projects on schedule.
Real Estate Regulatory Act 2016 (RERA) has made it is mandatory to register every under construction property where land is above 500 Sq./8 number apartments. This act seeks to protect buyers from any kind of real estate frauds and scams. People planning to purchase a flat or an apartment can be more confident about under-construction projects, as builders are legally obliged to register to provide better transparency in project marketing and implementation.
Failing to do so, the builder shall pay a penalty to the homebuyer and the government.
Payment Flexibility
Many builders offer payment flexibility for under-construction properties.
One of the best benefits of buying an under-construction-flat is payment flexibility.
A lot of builders will offer you payment options where you can pay a lump-sum amount and book your apartment in an under-construction building and EMI would start after you get ownership. Thus, the extra time gives you more time to orchestrate the additional sum required for registration and diverse incidental expenses.
Price Appreciation
Contingent on the location, infrastructure, connectivity, future possibilities you can anticipate price appreciation in the under-construction flat between 8 should 16 %.
To get the best return of profitability, you should check the past information on property costs in the close proximity. You can otherwise get in touch with resident property counsel to get a fair idea of the market.
Customization
Starting from the floor to the roof, bedroom to bathroom, kitchen to a balcony, you can customize and get a home built according to your choice in case you settle for an under-construction apartment. Protech Group offers exciting prices on under-construction flats in Guwahati along with customization benefits.
However, it’s not the case if you opt to buy ready-to-move-in flat then you will have no option left for customizing but have to move-in an already built house according to the builders’ designs and dimensions.
Discount & Offer
To draw the attention of new purchasers many builders offer alluring offers like discounts and lucky draw. Why not try your luck and own the house you always dreamt of? In under-development property, you will moreover, have the option to pick the floor number, which direction the house faces depending upon availability.
Conclusion
Protech is a RERA certified real estate company. We are committed to on-time project delivery and customer is the King for us. Moreover, our projects are built under strict standards of technology design and we deliver quality flats at the best price. Check Out our ongoing project, Protech Galaxy https://bit.ly/2DOM0DC