Gurgaon and Noida Land Prices Likely to Fall

Thanks to the land pooling policy of Delhi Development Authority (DDA), New Delhi will have around 70,000 acres of land at its disposal. This new change will certainly bring down the land prices in Gurgaon and Noida.


Property Consultant, CBRE’s Managing Director Mr. Anshuman Magazine said that the land pooling policy will prove to be benefitable in the long run for National Capital Region (NCR) as the land prices in the peripherals markets of Gurgaon and Noida will reduce with more supply coming into Delhi Market.

As per the land pooling policy,DDA will develop the necessary support infrastructure and mass affordable housing projects on the land and the developer’s will receive a large portion of that land for further real estate development. For this purpose DDA has identified around 200 villages at the outskirts of Delhi and is planning to convert 90 villages into development area and another 90 villages into urban area. These areas include:

• North Delhi (Mazra and Akbarpur)
• North-West Delhi (Rohini and Narela)
• West Delhi (Najafgarh and Dwarka)
• South Delhi (Masoodpur, Chhatarpur and Kishnagarh)
• NH -1

Experts say that this is short-term trend and is likely to rationalize prices once supply of developable land comes in the real estate market of Delhi. They believe that schemes like land pooling will help solve issues relating to the availability of land for development of real estate and for infrastructure development to aid the ever-increasing urban population.

Flats In Noida

1 Bhk Flat In Noida

2 Bhk Flats In Noida

3 Bhk Flats In Noida

4 Bhk Flats In Noida

Is it true that a builder has to pay Service Tax when he sells an under-construction property?

As per the new rules, Service Tax will be calculated at the rate of 12.36% of the gross value of the property. But, because there is a Government abatement of 75 % (increased from 67 %), tax will be levied only on 25% of the gross value of the property. The effective rate of service tax is therefore 2.575%.

The 2010-11 budget imposed service tax on all under-construction properties from July 1, 2010. Now, according to the Service Tax Act [Section 65(105)], the developer or builder of an under-construction property has to pay service tax when he sells a property to a buyer. There is only one situation in which the builder does not have to pay service tax when he sells an under-construction property: When he sells a building after a completion certificate is obtained from local authority and entire consideration is obtained from the buyer only after building completion certificate is obtained.

Therefore, although paying Service Tax is mandatory, it can be avoided if:

a.The builder has obtained a completion certificate from the issuing authority.

b. The buyer has paid the entire consideration only after the building completion certificate had been obtained by the builder.

You can even get the completion certificate from an architect or chartered engineer or licensed surveyor. It is not necessary to go to a Government authority to get the completion certificate. You may rely on the notification issued by the Government of India (D.O.F.No.334/03/2010-TRU) which reads as follows:

 “Before the issuance of completion certificate if agreement is entered into or any payment is made for sale of complex or apartment in residential complex, service tax will be levied on such transaction since the builder provides the construction service. Completion certificate issued by a Government authority was prescribed as demarcation by introducing an Explanation in the Finance Act. During the post budget discussions, it was pointed that practice regarding issuance of completion certificates varies from different states. Considering the practical difficulties, the scope of the phrase ‘authority competent’ to issue completion certificate has been widened by issuing an order for removal of difficulty (Refer M.F.(D.R) Order No.1/2010 dated 22nd June 2010). Completion certificate issued by an architect or chartered engineer or licensed surveyor can be now taken to determine the service tax liability.”

However, this exemption above is only from paying Service Tax. You will have to pay Stamp Duty on the sale value of the property if you purchase property after construction.

Flats In Faridabad

Property In Delhi

Property In Faridabad

Buy Chennai Commercial Properties

Buy Chennai Properties

Chennai is one among the simplest places in South India to measure in. the town possesses rich employment and business opportunities and conjointly supports the simplest living conditions. Folks from totally different components of the country continue flocking to the town on regular basis in search of jobs and resource. This creates a continual demand for the properties within the town. metropolis properties each residential and business properties square measure in most in demand particularly within the happening areas like OMR, Anna Nagar, Adyar wherever there square measure smart business and business developments. For those wanting to possess business or residential property during this Motor City town, the properties in metropolis is found in numerous formats and in numerous budget choices for a profitable assets investment in keeping with one wants.

Buy Chennai Residential Properties

the demand for metropolis residential properties goes on increasing day-by-day with increase in population of the town. The important estate developer’s square measure currently arising with totally different varieties of residential comes in numerous areas of the town to satisfy this increasing residential property demand. The metropolis residential properties are found in numerous formats and fall in various budget ranges. Therefore one can invest consistent with their alternative and requirements during a residential metropolis property. For people who will invest a lot of and square measure craving for luxurious properties within the town, bungalows, freelance homes, penthouses and freelance villas in metropolis square measure the simplest choices. These square measure unremarkably swish and opulent homes found in better of fashionable the trendy} specifications and options to support modern lifestyles. On the opposite hand the flats and flats be the vary of reasonable homes within the town and square measure the favorites of the typical financial gain sections of the society World Health Organization need to take a position in. The one BHK and a couple of BHK flats and flats square measure the foremost reasonable residential properties found within the town wherever because the three BHK and four BHK flats or flats square measure the luxurious homes normally found equipped with advanced facilities like vitreous tiles altogether rooms, wood floors in master suite, aluminum snippy windows, PVC door frames, standard room piece of furniture etc. These square measure trendy homes designed to supply most comfy and swish life vogue to the residents. The four BHK homes in metropolis square measure relatively costlier than the one and a couple of BHK homes square measure thus ideal decisions of investment for on top of average and made sections of the society wanting to possess a secure, secure and comfy range in the town. Metropolis townships square measure yet one more choices of luxurious residential ventures found within the town. Equipped with every kind of contemporary facilities and amenities and units like retail advanced, hospital and faculty inside field these square measure the self-contained units facilitating for every kind of basic wants of the residents inside the unit itself. Investment in metropolis administrative division is the simplest means of obtaining most assets investments as a result of this square measure the most well liked residential properties within the town.

Buy Chennai Commercial Properties

The IT and industrial developments taken place in recent years within the town have modified the face of business assets of metropolis. The business assets in metropolis have currently got a replacement look with entry of massive names within the assets of the town. Owing to efforts of those assets builders in metropolis, nowadays Brobdingnagian multi-storied looking malls and complexes, state-of-art business buildings and IT constructions have replaced the recent little native business stores, outlets and business areas within the town. The workplace areas in metropolis square measure the foremost demanded business properties that square measure found in most advanced specifications to best meet the wants of the business developers. On the opposite hand giant and neat looking malls are growing up in numerous locations of {the town the downtown} to supply the busy city residents a fast, exciting and simple looking expertise. The areas like OMR road, T.Nagar, Mylapore, Adyar in Southern, Anna nagar, Ashok Nagar, Manapakkam and Mogappair in Central metropolis square measure best familiar for the business developments within the town. For those wanting to take a position in metropolis properties, Pacifica offers the simplest choices.

Why need to invest in delhi real estate market?

Delhi realty trade has adult at a speedy pace within the last few decades. There square measure many factors which will be attributed to the sharp rise in Old Delhi realty market. Aside from the plain causes of Old Delhi being the hotspot of all major activities in Asian country and presenting large opportunities in terms of business and education to the individuals of this country, there square measure several alternative reasons too that have contributed to the boom within the Old Delhi realty market.

A number of transnational firms have established their offices in and around Old Delhi that have resulted within the redoubled employment opportunities. A wave of recent looking malls multiplexes and alternative amusement centers have fuelled the event of the town and have given it a cosmopolitan look. Moreover, AN improvement within the transport system and also the growth of railway rail system to any or all components of the town has created it potential for the residents to trip any a part of the town during a price effective and convenient manner. Variety of sports and health complexes has additionally come back up and also the individuals of all age teams and particularly the youth have greatly benefitted from an equivalent. Of these factors have majorly affected the Old Delhi realty market and also the prices of properties have gone up altogether components of the town.

All these factors have additionally attracted the foreign investment within the realty sector and an outsized range of Indian further as foreign firm’s square measure selecting Old Delhi as their most popular destination for many of their residential and business comes. This has proved to be a boon for individuals as lots of recent residential colonies have come back up within the past few years. With well-designed and fully-furnished homes being created obtainable to the individuals, it's become potential for individuals to shop for their dream place the capital town at cheap costs despite a gradual increase in Old Delhi realty costs.

The residential flats in delhi build by the important estate developer’s square measure well-designed and scores high once it involves vogue and exclusivity. The flats house all the versatile solutions for contemporary living so, creating it potential for the consumers to have a pleasant home at cheap costs although the general prices in Old Delhi realty market continues to rise. The developers additionally adhere to established trade standards and quality once it involves developing any new residential or business project. As a lot of and a lot of firms still enter the capital, Old Delhi realty market continues to grow and attract a lot of and a lot of firms further as individuals from everywhere the country.

With such a big amount of infrastructural and development comes being current, particularly within the Old Delhi NCR region as well as Gurgaon, Noida, Ghaziabad and Faridabad, it remains potential for the individuals to appreciate the dream of owning a place the center of India!

Suggestions for Purchasing Commercial Real Estate Property

Purchasing commercial real estate properties might price more than the residential properties. Also you have to think about a large amount of points, especially if you plan to get it leased by other companies. The main issue with individuals is that they may not be conscious of the items should be considered when buying a commercial real estate property in India.

In this article we give some recommendations that may help you get the perfect commercial real estate properties:

While purchasing a commercial property ensure that you are likely to search for the one which has got the good area. Each and every business needs to possess a best area and you really sure that your area can be found in a commercial area. That is why perfect real estates are ranked greater than those that aren't readily available. Location is essential in all business, so you must have a property where every business would reap the benefits of.

Always search for the best deals possible to obtain the cheapest price for it. Despite the fact that commercial properties are costed higher, you continue to should pay out additional time to get lower prices for the property that you will be going to buy. This process might take additional time, however the work you will be applying for it's going to compensated with better leasing rates and earnings generation.

In the commercial property industry these days we have agencies. It is advisable to possess a best real estate agent or agent who are able to assist you to purchase a property.So that getting a specialist who are able to give you all the details that you need to be aware of real estate property. It will ensure you will invariably obtain the greatest deals. Apart from this, for those who have a realtor along with you then you can certainly be confident that it is possible to create a much more knowledgeable decision.

Always consider these points when looking for a commercial real estate in india. Its genuine there are a number of things that needs to be taken into account while buying a property, but with the aid of all these suggestions, it is possible to generate much better and practical decisions. This can also help you save from all of the issues you will experience whenever you will buy a commercial property in India, especially if you might be a first time customer.

Annual-real-estate-trends-report

Check Property rates in Chennai to buy a property 

Searching for property rates in Chennai? Get complete details of latest Property Prices and Real Estate Trends Analysis for Chennai at property.sulekha.com. India’s largest online Real Estate portal having lakhs of property posted by individuals, property dealers, real estate agents & brokers. Register to get alerts on properties at ever budget across India