Dec 27, 2018 | Blog, Buyer Concern
Real Estate as a preferred investment option
As the year 2018 is about to end, it is perhaps the most probable question on real estate buyers’ mind. So, will Real Estate offer profitable Return on Investment (ROI) in 2019?
The Indian real estate sector has witnessed volatility and a demand crunch over the last few years. The real estate industry is going through a lull. The good news is that we think that 2019 could be the year that the property market bounces back with all the major policies had been implemented in the last five years.
As per experts, the real estate sector has witnessed a fast growth with the rise of demand for residential as well as commercial projects in the recent times. Private equity investment in real estate is also estimated to grow in the coming years. The recent Real Estate policy level reforms (RERA), Goods and Services Tax (GST) and Real Estate Investment Trust (REIT) is streamlining the industry and is expected to provide stimulus to its growth.
Home Loan interest rates
Today’s market can be termed as a buyers’ market as there are more supply than demand. In addition, the low home loan rates coupled with the various Government incentive schemes like PMAY and Apun Ghar makes the marketing very friendly to the buyers. These schemes give further discount on the monthly EMI for the buyers, which in turn makes real estate affordable. Experts believe that the return on investment (ROI) will be more than the investing amount in the property from a long-term investment perspective.
Real Estate vs. Other investment avenues
The real estate section, unlike the other investment options like Gold, Commodity and Equity Markets, is not related to overseas global economic factors. It is largely insulated from the global factors which are less in our control. A trade war between two countries or a crude oil crisis for instance, is less likely to affect the real estate market. So it is not as volatile as the other assets such as gold, currency and equity markets.
Real estate is highly dependent on consumer spending in the domestic economy. It is an asset that is tangible. It can not only give long term financial benefits, but also can be used to procure business loans to increase returns through other assets and businesses. Moreover, it can also give regular returns consistently in terms of rent income.
Return on property investment
Apart from being a highly tangible physical asset, Real Estate investing has tax benefits that increases your overall ROI. A physical asset like a home has a cultural relevance in terms of security. By its very nature, it is bought from a long term perspective. The anxiety of immediate or medium term returns is not seen among the real estate buyers. This buyer attitude of not wanting to liquidate a real estate makes the property investment less vulnerable to speculations. Real estate investment therefore is more stable than other investment options.
We need to be judicious in terms of choosing the builder and the location of the property. It should have a better chance of appreciation to become a secure income generating asset for the security of the investors’ future.
Conclusion
One of the biggest hindrance is the 12.5% GST for the buyers and 5% on the stamp duty and registration. Even GST rate of 28% on cement increases the price of the property. Revising the rates of the Goods and Services Tax (GST) on various segments connected to the real estate industry, could help both, consumers and developers. With the GST council meetings underway, as we write, the developer community is hopeful that GST rates will be substantially reduced by the government. It will help in boosting the demand for housing and the overall GDP of the country. It will make 2019 a great year for real estate investment.
Dec 22, 2018 | Blog, Protech Properties
Introduction:
The brand ‘Protech’ was awarded the best brand of Guwahati 2018 in the real estate sector. We are humbled by this recognition by CMO Asia. At the same time, we take pride in our achievement, as it stands testimony to our commitment towards customer satisfaction, quality standards, modern modern technology and robust timely project execution.
About CMO Asia:
The CMO Asia is an independent, not for profit advisory council. It is a global network of marketing executives. High-level knowledge exchange, sharing of global best practices and thought leadership are its key objectives. Personal relationship building among senior corporate marketing leaders and brand decision-makers is another objective.
CMO Asia has been recognizing businesses for their excellence in different fields every year across the world. They award businesses in various fields across countries. They segment the achievements into three categories based on their impact towards social change. These categories are Organizational Category, Brand Excellence Category and Individual Award Category.
Best Brand Guwahati in Real Estate – Protech
CMO Asia had organized an award function at Vivanta by Taj Hotel, Guwahati for awarding the best businesses in their own sectors on 14th December 2018. Brand ‘Protech’ has awarded the best brand leadership award of Guwahati 2018-2019 in the real estate sector. Our MD, Mr. Manoj Kumar Jalan received the award on behalf of Protech.
As a Real Estate developer, our vision has always been to have 100% satisfied customers with our promise to adhere to commitments and standards of quality. We have always believed that customer satisfaction is the key to build a good brand perception in the minds of the customers. For us, commitment is sacrosanct. It may be a commitment of time, quality, amenities or our value for money proposition; we try every possible way to keep our commitments religiously, thereby building trust.
Protech team is humbled and happy that our endeavor towards customer satisfaction has earned us the Best Brand of Guwahati in the real estate sector.
A big thank you to all our customers, stakeholders and our partners for this proud achievement. We will continue to work hard and keep the standards of real estate high in the markets that we serve.
Dec 11, 2018 | Blog, Protech Properties
Buying a property is emotional as well as crucial decision for most of us. Many questions come into our mind when going to buy a property. This is not just a decision for a month or for few years, but a decision for almost a life time. So, only after considering different aspects one should take decisions. You may have question about which property to buy – should we buy under construction property or should it be a ready to move property.
Benefits of buying ready to move properties?
Ready-to-move property simply means a property that is available for immediate occupancy for the buyer. Here are a few benefits of any Ready-to-Move property; be it residential or commercial property.
You exactly get what you see
The biggest advantage of ready to move property is that you get exactly what you see. You can personally go and inspect your home before going to pay based on the complete design as well as amenities you desire. You get to experience the quality of the final product. There are no chances of discrepancies from what you felt and experienced in your site visit. For the things that are not immediately visible to us, like the quality of water in the building, it’s a good idea to talk to the people around or the neighbors.
You can move immediately
One of the prime benefits of buying a ready to move property is immediate availability. One can move immediately as there is no any waiting period. Once you make the payment to buy the property and sign the required documents you will get the advantage of getting the possession within minimum time period and it helps to save on your rent part. Therefore, you don’t need to wait for years and years to get the possession of your property.
You can know about the people living around you
One of the main advantages of ready to move properties is that you can familiarize yourself with the people living around you. You can already see your society and surrounding. You can know who your neighbors are, what community they belong to, so that you can decide if you would like to be with them or not. It is important to know in advance how active and mature your prospective neighborhood is. It is equally important to check out connectivity from your new home with local transport, parks, recreational facilities, schools, hospitals and other things.
You can buy within your budget
In ready-to-move property you can select a property according to your budget. In case of this property, you get possession immediately after paying the required price for the flat. There is no chance of increasing the price of the property, unlike properties under construction.
Free of GST
The ready to move properties are not under the boundaries of Goods and Services Tax (GST). For ready to move properties like Protech Tulip , the builder does not charge GST as it is immovable in nature, not goods. Also, its construction was not a service done for you. One has the advantage of claiming tax benefits with ready to move apartments.
If you have bought your property with home loan, you can claim tax benefits from the same year of buying the property or getting the possession.
Freedom to renovate
Ready to move flats are likely to provide the independence of renovating the property after purchase and immediate possession. Under construction properties wont give you that independence, as it is being built according to an approved architectural layout.
Conclusion
From the above points, we can say that if you have the necessary budget, it may be better to go for a Ready-to-move property as it will save you time, and give you the assurance of getting the flat immediately. You can mitigate the risks of builders not being able to complete under construction properties for any unforeseen event. However, we may note that under construction properties are almost always priced lower, and therefore may prove better in terms of investment.
Nov 30, 2018 | Blog, Protech Properties
Introduction
Protech Tulip is the recently completed residential project of Protech Group. Protech Tulip is located at the upcoming residential hub near the Sarusojai Hockey Stadium. It has 3 blocks of ground plus 6 floors of 2 BHK, 3 BHK and 4 BHK flats with all modern amenities.
This blog is to inform our readers that there are a few ready-to-move 2 BHK flats that have become available for sale last week. There was one 3 BHK as well, but that got booked yesterday. Please leave your details in our contact form and we will get back to you.
Note from the Architect
The residential project Protech Tulip has been developed at Borsojai, Bhetapara. The project has been designed with the objective of living with comfort. Every flat has been positioned in a way that ample natural air and light reaches to the occupancy. The balcony designed offers either the morning sunshine or the evening sun. With sufficient open space in the project, the location provides fresh breathing air. Elevation has been specially designed to create a difference.
Features of Protech Tulip
Designed with an objective to give you more, Protech Tulip is designed with the belief that there is really no place like your home. Just walk in and take in the sense of space, uniqueness of design and its uncompromising quality of its amenities. You can unlock the lifestyle that befits you and feels you with pride.
Ready to move Apartments
The best thing about this opportunity is that we have completely ready 2 BHK flats available to you for immediate possession. Some of the flats are corner flats, and some have open terrace to give you that extra space.
Location of Protech Tulip
Protech Tulip is located in a purely residential area, which is just 300 metres away from the national highway (NH-37) via the Beharbari Chariali point. It is 50 metres away from the Hockey Stadium. Protech Tulip is well connected with schools, colleges, hospitals and shopping bazars in close proximity.
Modern Amenities
The Tulip residential project has all the modern amenities of the best brands. It has a kid’s pool with garden facility, community hall and over 55% open space surrounding the buildings. It has a modern gymnasium. To know about the rest of the specifications, please visit our Protech Tulip page by clicking here.
Affordable Pricing
The project was planned and designed as a value for money residential complex. It has the best possible modern facilities including a generator set for common area lighting, a gym and high speed automated lifts. The completed ready to move 2 BHK flats are now available from Rs. 41 lakhs onward.
Conclusion
We only have a limited number of 2 BHK flats available. Discussions are already ongoing for the corner flats. People who are urgently looking for ready flats must hurry. Please spread the word for people who are looking for ready possession flats. All interested parties may call +91 98540 47000 or visit the page to give us their contact details.
Nov 28, 2018 | Blog, Home Hacks
How to make your home Eco-friendly?
We are facing an urgent need across the world to become environment friendly. Eco-friendly lifestyle is becoming essential to lead a life of a responsible citizen. Some simple changes in everyday human life can make our homes, our lives healthier, safer and greener.
Let us discuss a few ideas to make our life and our homes Eco-friendly.
Save Energy
Every extra unit of electricity that we use, means the use of coal and depletion of the earth. Majority of our electricity sources are still non-renewable. Using energy efficient light bulbs such as CFL and LED bulbs can save energy, as it uses less electricity. Not only they are energy efficient, they also last longer.
Secondly, you can use energy efficient windows in your home that help you save plenty on your energy bill with their better insulation so that you can stay cool in summer and warm in the winter.
Thirdly, using ‘Energy-Star Qualified” appliances can help you to reduce energy consumption. What else, lets not forget to unplug the appliances after using it.
Pick a better wall paint
Many wall paints contain chemicals that help paint spread evenly. These chemicals are harmful to the environment and can cause many health problems as well. They are specially harmful for people with allergies and respiratory ailments. Using wall paints that contain low levels of VOC (volatile organic compounds) can help significantly in making the environment fresh.
Plant trees, have a garden
Planting trees is our duty. Investing a little time in the morning developing a garden in the terrace or the balcony is a small but significant step. Working in a home garden is also healthy. It burns a lot of calories. They are the easiest tasks one can do for a green environment.
Tree shades can reduce the amount of energy people spent to cool their house in the summer. Planting of trees is a step towards Eco-friendly environment that takes some time to realize its full benefit. Trees produce oxygen and absorb huge amounts of carbon dioxide and monoxide that is generated by vehicular pollution.
Use Eco-friendly products
Using Eco-friendly or green products in our homes feels great. It helps us to go green. You can use green products in your wide variety of daily activities such as transportation, clothing, etc. Few things that you can use are biodegradable bags instead of plastic bags, stainless-steel water bottles for drinking your water, recycled fabric clothes, shoes made from recycled and naturally occurring materials, reusable cotton clothes and towels instead of paper towels etc. Use fuel-efficient cars or bicycles to reduce the carbon emissions from the vehicles. Even better you can find a place to live that is close to your work, grocery store and other places that you frequently visit.
Some quick Eco-friendly tips
These are some quick tips that you can take to keep the home environment friendly:
- Move your refrigerator away from sunlight heat. It requires extra energy to keep things cool under direct sunlight.
- You can use mattresses without synthetic chemicals or toxic materials for sleeping. Non-toxic mattresses are useful for health also.
- You can keep a little plant on the bedside table. It improves the air circulation in the room and also provides a nice Eco touch to the Earth.
- In the kitchen, using non-stick, stainless steel or iron pans can emit harmful toxic fumes which can have a negative impact on your home’s air quality.
These simple tips can make our homes and our lifestyles Eco-friendly. We don’t need to spend a lot to make our environment sustainable. Protech Group advocates an Eco-friendly environment and always plans and designs projects with the environment in mind.