Real Estate Best Investment Option during COVID Times

The Outspread of the lethal Coronavirus has affected the economy adversely. The entire nation has gone through a roller coaster ride due to the COVID-19 crisis. In between the entire chaos, one sector that has witnessed positive impact is No one else but real estate.

Amid COVID situations, there are considerable factors of the Real Estate Industry that makes it an ideal choice for Investment. Investment is a decision that must be taken with precision so here we are drafting points that can help you understand why Real Estate Investment during COVID Times is the Perfect Choice for You.

A Stable Investment Option

Investment is a vital choice that helps you coin up the big returns from hard-earned money you invests. There are a few considerable Investment options such as Stock Market, FD, Gold but Real Estate turns out to be the finest among all of them. Due to the ongoing COVID Situations, every other investment has become highly volatile but real estate is the Only One to be safer one. Not everyone in the business is a risk taker so the stability of asset turns out to be prime benefit assuredly.

Affordable Option

Residential Property Investment is ideal thanks to the Lower Interest Rate on Home Loans. Observing the Surveys taken by Industry Experts and Realtors it can be concluded that 50% of COVID 19 Investors in the Metropolitan Cities are keen to bounce back in the industry in the upcoming 3 to 6 months. Ready to Move Property options are being offered to the Buyers adding to their convenience with Higher Bank Loan availability.

Additionally, the Reserve Bank of India (RBI) has done Rate Reduction on the Repo Rate with a reduction of 7% levels assisting Home Buyers. Budding Home Buyers should not let go off this Lucrative Offer on Asset Possession. A Lower Interest Rate means Lower Rate of EMIs and Higher Savings adding to Safety of Future.

Consistent Government Support

In the contrast to the previous Real Estate scenarios, Government is being generous by presenting active Fiscal Support. Demand for the Residential Properties is witnessed to be higher especially among the Local. In contrast to 2008 when Interest Rate was on peak, today’s Rate Regime is Lower making Real Estate Investment a Stronger Choice. The Positive Impact of the Current Scenario is majorly evident among Realtors based in Metropolitan Cities where even midst COVID-19 Pandemic Recovery Rate is Higher. 

Lucrative Deals

Downfall in all sectors is a sad reality and the forthcoming of Uncertain Times may defer demand for middle class but easy payment plans things are expected to be balanced. Types of Deals Realtors are provided with nowadays is unlikely to be given without any festive occasions. High Prestige Developers may not present direct Lower Rate on Property Possession but complementary deals like off on car parking or waiver of charges is expected to be offered. The present interest rate is undoubtedly taking Real Estate northwards as a whole sector.

Multiple Investment Options

Real estate provides Investors the benefit of choosing Investment option as per their convenience. With a wide variety of Real Estate Property options, Investors are Free to Invest and access the world of benefits. From buying Residential Properties to Investment in Hotels, Retail Malls, Offices, Warehouses, & Leveraged Assets are great options to go along with.

Drop of Interest Rate is the best deal for Real Estate Investors amid such trying times. As mentioned earlier realtors can get possession of properties at lucrative deals & complimentary offers on Both Residential & Commercial Properties. Equity Appreciation on Residential Property & Rental Income & Investment Returns on Commercial Investment is a true reward for the Investors.

Buyers’ Market

Looking back at Previous Times of Real Estate where the Global Economy went under unfavorable situations such as the Oil Crisis, Dotcom Crash or Global Financial Crisis in 2008, the current scenario of Real Estate in Pandemic is far better. Nowadays, Financial Institutions are in a better position and offering Lower Interest Rates to grant loans which is favorable to the Buyers.

Developers have managed to outspread themselves across multiple sectors such as vacation Homes, Senior Residences, etc followed by Multiple Relevant Projects. When we take a look at such an outspread industry, the Real estate market is extremely favorable towards Property Buyers.  

In conclusion, we can say that Real Estate is certainly the best decision to choose amid the COVID-19 Pandemic as an Investment Option. Reviewing the wide variety of options to Invest, Lucrative Deals, Lower Rates offered by Financial Investors, all add to the supremacy of the Real Estate Industry. Nevertheless, some may not find Real estate convenient due to Lower Capital Appreciation during trying times. It is important to understand Rental Income has not always turned out to be a steady Option for Investment. Henceforth, Investment Options must be thought over and should be done with precision on the finest location with Industry Experts.

 

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Home Sales see 134% Jump in Top Cities

The Coronavirus Pandemic, being an unprecedented event, brought with a lot of chaos. Everyone across the globe suffered due to the impact the pandemic had on every sphere of life. The unfamiliarity brought with a lot of uncertainty that hindered the overall routine life of everyone. The pandemic also lead to the imposition of a nation-wide lockdown in India which hindered with the growth or even normal functioning of every sector. Real Estate has been among the worst hit sectors due to the decline in overall home sales. Initially the sector faced a lot of loss; however, there has been a turning point that has been witnessed.

Normality is being restored and with that all the sectors are making a fresh and progressive start. The post Covid world, gradually falling into place is giving way to new opportunities for all the developers. The top real estate developers like SBP Group is gaining a lot of momentum in the meantime due to their credible image and consumers trust earned over time. Even though it cannot be said that all the states are powering through the situation equally well but the top cities in India sure are emerging despite the unfortunate circumstances with a beacon of hope for all the others.

Housing Sector is paving a way towards a strong recovery as the home sales in the recent quarter has seen an enormous and evident increase of up to 134 percent. One of the major reasons behind this increase is the decline that was faced by the sector. The decline lead to an all time low in the property rates which made it easier for people to make investments. Many people saw this as an opportunity to buy a home of their own or even invest in a asset which will be more beneficial and rewarding compared to the returns from stocks.

The major reasons for the same are also the Record low home loan rates, Discounts as well as Incentives being offered by Developers. Lower taxes are also an aspect worth considering while acknowledging the positive shift in the consumer behaviour.

Developers are making the most of this opportunity by luring in consumers with amazing offers and additional benefits, meanwhile, the Homebuyers are making optimum use of this to invest in a home of their own.

Considering the Pandemic, many people have realized the value of possessing a home as it provides a sense of security in times of uncertainty. The potential buyers who were looking for homes right before the lockdown are also making their long-awaited investments in the present time. Developers are also taking an initiative by providing lucrative payment plans etc.

The Indian Government has always introduced many policies and reforms to help the Real Estate Sector overcome the hurdles it has been faced with. Home Loans have been made easily accessible to people who wish to avail it. The rate of interest has also been relaxed to benefit the Banks as well as increase the inflow of money.

In Addition to all this, the advent of the Festive season has enormously impacted consumer behaviour as most people wish to make big purchases as well as investments during the auspicious season. The festive season also brings with it a lot of festive offers by the Developers, over and above the already existing offers. Major Indian festivals like Navratri, Dhanteras & Diwali are considered the best, in terms of auspiciousness, and the investments made during this time are believed to bring in a lot of fortune and positivity into the lives of the people.

The upsurge has mostly been witnessed in the Top seven cities considered best for living and in terms of employment opportunities. The Most prominent home sales have been made in Chennai, Hyderabad, Pune, Kolkata, Bangalore & Mumbai, etc. During normal times, investing in Property in these cities is quite difficult as the value and price of a property are quite high. The home sales price slashes have encouraged a lot of people who have always wanted to own property in these cities to finally be able to afford them.

In conclusion, despite the many challenges the real estate sector has faced due to the Pandemic, it has redeemed itself and emerged stronger than ever. It has been with the collective effort of the Developers like SBP Group who have taken the initiative to recommence the high inflow of investments. Additionally, the reforms extended by the Government to benefit the Developers as well as the Homebuyers have always played a role in the overall Growth.

If you are willing to Invest in Real Estate, right now is one of the best times to consider it without a doubt. If you are looking to invest in property in Punjab, you must take SBP Group into consideration. The Group offers affordable luxury housing options that are suited for everyone regardless of their preferences as the SBP’s Projects have it all.

In Case you have any Queries, Visit Our Website or Contact Us Via Our Social Media Handles.

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How Brokers Can Help Push Up Housing Demand?

The real estate market in India has seen set back in past few years. Due to the implementation of RERA (Real Estate Regulatory Authority) 2016 in each state to increase transparency in real estate & to protect the home buyer as well as to boost the market. Besides this demonetization in 2016 has also affected the demand for housing to a very extend.

The industry has just started to boom but the global pandemic of Coronavirus has pushed back the realty market. But the government of India, Developers as well as brokers are paying their part to help revive the industry.

To increase liquidity in the market RBI has lowered the repo rate to 4% from August 6, 2020, low repo rate means banks can provide loans to people at a low rate of interest. Under Section 80EEA, the government has expanded the tax deduction cap for first-time home purchasers. Developers are also offering various discounts & schemes to people to increase the housing demand.

While agents operate in transactions just as facilitators and do not have a say on different facets of an arrangement, they are able to enact meaningful improvements. In the middle of the Coronavirus pandemic’s effect on the economy, we at SBP Group looked at some of the ways in which brokers will positively impact and help the overall business expansion:

RERA Registration: As mentioned above that RERA has been set up by the government to facilitate an exchange for both customer & seller. In the present time, it is very difficult to just trust anyone with your hard earned money. Under this regulation, in order to operate and run their business, builders and brokers have to register themselves under the State Real Estate Regulatory Authorities (RERA).

When someone wants to buy a house or property, they usually approach the nearby real estate agent or broker, as they have proper knowledge about the surrounding area & are easier to communicate with. But these local agents may or may not have registered themselves with RERA. If they become more trustworthy by registering themselves under the RERA, these individual brokers have the ability to expand their businesses in several ways.

However, for the customers who look for brokers online to purchase property, having RERA ID helps these clients in having trust with you more easily.

Increasing Reach: It is the right time for property brokers to increase their reach, as people have now realized the importance of the safety of home, they are willing to buy the property. Brokers can increase their area of operation as well as reach. With the use of networking & the internet, it is very easy to reach more people who need your help with the purchase of a property. You can work on your own or can work with brokerage firms & help potential customers with Home finance and legal aid, in addition to providing support for location assessments, automated payment systems, etc.

If they were to extend their practices by linking up with banks and legal consultants, the possibilities of profits materializing would improve in several respects. Needless to conclude, the extended network will continue to assist them throughout their careers.

Target NRI Customer: Due to the pandemic many NRIs are returning to India and are interested in buying housing property. It is a safe investment for them to reside in or for the future as well & with a reduction in interest rates resulting in best home loan rates, it is a very beneficial time for NRIs to invest in Indian realty. Brokers can persuade them & help them in purchasing the property & help push up housing demand in the country.

Communicating with them properly can help you sealing the deal of property sale, as they are not familiar with the rules of property purchase in India for NRIs you can enlighten them. Leaving a good impression on the client with efficient communication can help you in expanding your reach & boosting your business.

Support Customers Understand the Market:  Because of the complicated legalities and tax rules, first-time buyers and sellers face several difficulties when conducting the transaction. You can allow buyers and sellers to gain a deeper view of the business, the legal and financial implications of the trade and the complicated jargons involved in the process as brokers are likely to have significant expertise in these topics.

This support work can be regarded as a brand-building activity that, apart from gaining the confidence of the customer, will help you expand your business or services in the long term.

Reduction on Commission: However not every broker can afford to provide a discount on the commission earned on sales, it is just a suggestion to provide some reduction on commission so that the sales can continue. It can encourage the sellers to sell the property if they have to pay fewer charges to the broker.

Digital Methods to Increase Sales: Brokers can make social media accounts or be part of a website to increase their business. In times like these where actual visits on the property can be risky, brokers can use technology & digital methods such as Virtual tour to guide the buyer about the house without any kind of risk.

Addressing a video-conference meeting organised by the National Real Estate Development Council (NAREDCO) in June 2020 Minister of Commerce and Industry Piyush Goyal said that ‘You can choose to be stuck with your inventory, then default with the banks, or you can choose to sell it even if you have bought it at high prices and move forward’. Considering this statement, many developers & real estate agents have offered schemes & discounts to attract more customers in the market.

We hope that with all these suggestions SBP Group could help you. It is expected that in the upcoming time the demand for housing property especially ready to move property will increase, but we need to put extra efforts to boost the Indian Realty market.

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Top 3 Brilliant Projects in Tricity Priced Under Rs. 50 Lacs

SBP has achieved a benchmark that has transformed the phase of Real Estate and has opened a path for futuristic development. For almost every project that it has delivered until now, the response has been tremendous and outstanding. Be it luxury amenities, necessary facilities, wide-open spaces or quality construction. SBP consistent efforts of delivering perfect homes to our clients have made us Punjab’s №1 Housing Company & undoubtedly the most liked one. As we move on to bring happiness in so many lives through our distinctive projects, it fills our heart with much gratitude & pride. Here are our three premium projects that have turned a vision into reality with affordability as an important role player. One can buy these at a comparatively economical price than others. These projects discussed below are priced under Rs. 50 Lacs only and can easily fit all your demands in a single home. Let us have a look at the following projects which are not just fabulous homes but also a convenient place to dwell upon.

1 – SBP Gardenia Wellness Homes – The new endeavour in SBP residential project is SBP Gardenia Mohali, a classic yet premium project of the Tricity. It celebrates people’s emotions through this particular development and has a fantasy life wrapped up in elegant edifices. SBP has extended an unparallel inventory with a blend of necessity and luxury in one. This concept is a novel initiative that has been brought into the lives of those who want to live the Real Life Fantasy Homes starting at just Rs. 34.90 lacs. As you experience such enthralling projects from SBP, we assure you a great lifestyle ahead. Come & experience SBP premium projects in the most advanced location that gives your life & business the necessary boost. This is the best time to get your dream home with SBP and accomplish the dream of a lifetime.

2 – SBP City of Dreams (COD) – This beautiful paradise is situated on the Landran-Kharar Highway and is spread across 100 acres. One can luxuriate in its 1/2/3 BHK apartments that have been designed keeping everything unique. Intelligently planned and well equipped with ultra-modern facilities, this particular project of SBP provides an extraordinary lifestyle at City of Dreams. The architect of this beautiful property stands ubiquitous and extends a perfect blend of convenience and luxury. SBP brings this prodigious home in just Rs. 32. 90 lacs that too at Tricity’s most loved city called Mohali.

3 – SBP Gateway of Dreams (GOD) – Indulge in the fastest developing town of the Tricity with SBP that is Zirakpur which is a hub of opportunities and if one plans to invest there; it seems to be a long-term profitable investment. GOD is one of SBP’s special properties where homes have been given an extravagant outlook to make clients feel the paradise in comfort. Undoubtedly the price is as genuine as it could be starting from Rs. 44.90 lacs only. SBP understands and analyzes your needs and thus executes every single dream with style.

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Buy the Home of Your Choice at The Best Interest Rate

It is quite obvious that whenever you make plans to buy even a single thing for you or your family, lots of discussions, brainstorming & opinions go hand in hand. There are a bunch of questions that come around you and the negotiations start from a dream and end at a compromise. But with SBP homes, you don’t let compromise come in between your dreams because we treat every little detail of your desires with precision. We help you blur the lines between affordability & luxury. You can experience a lifestyle of your own desirable imagination.

SBP has talked about several points and important things to keep in mind before planning to buy a home and today we will be casting light upon the so-called EMIs on home loans. Equated Monthly Installments are to be paid regularly and one can’t miss it by any chance as there are legal elements attached to it that can lead to serious circumstances. In the modern-day life, EMIs have covered a large part of our income; from a mobile phone to home there are everything and everything that has become a part of it now. As this trend continues, we have something to tell you about Home Loans that can help and their connection with Interest Rate.

Interest rates do vary from season to season, economy to time periods and government to supreme decision making authority. They keep on changing and our EMIs tilt with them. There are people who plan their loans according to the interest rates that they want to seek from the market and then go for a home loan or any other loan. These floating rates tend to mould our decisions respectively. Just like, when the interest rates are low, people instead get ready to for it. As they will be paying a lesser amount compared to the earlier rise in the interest rates. Sometimes even the Government cut the Repo Rate to provide cheap loans to people. In a way, it does not make the economy stagnant and keep it active. This step is crucial and important for the bank’s active involvement in the economy. There are so many shareholders like real estate developers, business & retail players along with consumers who are dependent on the lending rate cut.

SBP advises you to unload the burden of rent and move into your own home with the best lending rates. The market is sound & active to buy the property that gives you an identity of your own. Take a step forward and go ahead with the dream. You can also look for a variety of commercial and residential projects that are run by us. As we said, we are delivering homes that are filled with happiness & bliss. Connect with us for more through our website link and contact details.

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Festive Effect Developers in Tricity offers Freebies

With the onset of the festive season, homebuyers, as well as developers, are looking forward to making the most of it. Following the Shraadh period which is considered inauspicious to book property, Navratri is the time when developers start looking for bumper sales. Starting from Navratra till Diwali, the festive season brings a lot of happiness and optimism in the entire market. With the festivities having caliber to enhance the sales multiple times, developers come up with interesting payment plans, schemes, offerings and freebies to attract buyers and push their selling.

Real estate developers in Chandigarh are offering many discounts and gifts to woo buyers during the Navratras. From gold coins and discounted schemes, developers such as Sushma Group, GBP Group, Motia Group, SBP Group are offering many such freebees on booking/buying property in their projects.

Owing to the festive season, Sushma Group has announced “Sushma Happy Home Celebration” where customers can avail limited period benefits by buying residential projects with Sushma Group. The offer primarily is about getting premium units in non premium price for almost all residential projects, leased and ready to move business spaces in commercial projects of Sushma Group.

GBP Group, one of the leading real estate players of Tri City is showering number of offers across its projects in New Chandigarh, Mohali, Aerocity, Zirakpur, Peer Muchalla, DeraBassi, Kharar, Ludhiana, Nawanshahar and Dharamshala. The group on booking of its property is giving buyers a chance to win a single and couple trip to Dubai. Adding to it the group is offering a gold coin, Double door refrigerator, microwave, 40’’ LED screen and One Plus 7.

Another prime realtor from Punjab, Motia Group, has introduced bumper offer at its project Motia Royal Citi, Zirakpur where a person buying property at the project will not just get free home furnishing worth Rs 5 Lac but will also stand a chance to win a car. Booking at Motia Royal Citi gives a customer a chance to win a gold coin.

SBP Group, another renowned brand in the real estate sector of Tricity is offering various attractive offers for its customers under SBP Home Show in which the group is offering assured gift items with every booking for ready to move in flats, nearing possession and new project launches. The gift items starting from Rs 20,000 include Car, bike, Gold coin, refrigerator, microwave, LED and many more exciting offers

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Realty firm SBP to Invest Rs 730Cr for Projects in Himachal

(PTI) Punjab-based realty firm SBP Group has signed agreements with the Himachal Pradesh government to invest Rs 730 crore for developing housing and commercial projects in the hilly state.

SBP Group has signed memorandums of understanding (MoUs) with the Himachal Pradesh government to invest Rs 730 crore in the Himalayan state, the realty firm said in a statement.

The MoUs were signed during the investors’ meet held recently in Chandigarh, it added.

As per the MoUs, SBP Group will invest Rs 630 crore for building residential projects in Mandi, Solan and Shimla and another Rs 100 crore for a resort/hotel with 120 rooms in Shimla, the statement said.

SBP Group MD Aman Singla and VP Raman Singla said the company is expanding its presence in Himachal Pradesh after establishing a strong customer base with multiple projects in Punjab.

SBP Group has delivered around 12 residential projects across Punjab and is currently developing many more. PTI MJH ABM

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SBP Group in Collaboration with Golf Expert Organizes Golf Tournament

Chandigarh: SBP Group and golf expert organised a two day long golf tournament at Forest Hill resort in which various renowned schools of Tricity took part. Players took part in this competition with great enthusiasm and impressed the attendees with their spectacular performance. Along with players and team, golf expert Mr. Surjit Mandal along with other experts were also present there.

The Gurukul team of Panchkula was the winner of the tournament. Whereas, the team of Delhi World Public School, Zirakpur, which gave a tough to the Gurukul team, was the first runner-up. ATS and Strawberry School teams were the second runners up. After the competition, the winners were awarded for their striking performance and were also encouraged to play in the golf competitions in future as well.

Mr. Raman Singla, Business Head and Vice President of SBP Group said “there is a lot of craze for golf in the city and through this competition SBP Group has given a platform to these players in which they can play golf and showcase their talent.”

He further said, “To motivate the players to stay fit, and we are taking forward the message of Fit India by the government. We will continue to organize golf competition in future also.”

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Punjab Realty Going Through a Change

The real estate industry of Punjab works totally different than those of other major cities in the country. Punjab’s realty is majorly dominated by local developers as the presence of National players pales in comparison. The main reason behind this is the diverse interest of the national developers. Owing to this, the projects witness unnecessary delays. The demand in the State is primarily for small ticket size and budget-friendly projects.

The realty scenario in Punjab changed when National developers entered the arena and brought a change in the way real estate works. A good thing these players brought along with themselves is a series of changes in terms of quality of projects. These developers started to buy large chunks of land, and the projects that they came up with changed the perception of people towards their dream homes. These developers promised features and world-class amenities and people steadily shifted to a new trend of apartments and penthouses from an old culture of living in Kothis, bungalows and homes in colonies. Henceforth, the buyers look for quality but from the developers with whom they can relate.

The real estate market trends in Punjab changed at a fast pace with the emergence of top local builders and developers, eyeing the vast stretches of uncultivated land and moulding it into world-class residential as well as commercial real estate. Group housing, sprawling shopping complexes and recreational hubs, integrated townships, office complexes, entertainment centres, and IT parks have generated plenty of scope for investment in Punjab property.

In order to meet the demand of customers, it is necessary to understand their needs and have the dynamism required to adapt to the ever-changing market conditions along with the norms set by the government. The developers in Punjab have successfully managed to do so. Owing to the fact that real estate is a substantial investment, the customers are more comfortable when they get a personal touch in the operations of the company. The same is happening in Punjab real estate.

The staggering variety of properties in Punjab offer numerous investment options for realtors and promise to provide a high return on investment. Chandigarh, being the State capital has been leading the list of developed cities and is the topmost preference for the people migrating from the neighbouring States because of its strategic location, connectivity, and better health and education opportunities. Considering the perks the city offers, some of the most ambitious Punjab real estate projects are planned in around this city. Out of Punjab, especially TriCity – Chandigarh, Mohali, Panchkula along with ZIrakpur, Derabassi is witnessing large-scale property development in an entirely new pattern. Consequently, the number of Grade-A office spaces for start-ups, co-working, and e-commerce have increased by manifold in these areas.

With the increasing scope of commercial real estate, sales in the commercial segment is also witnessing a steady hike. The new development in terms of commercial and residential real estate is set to transform the face of Punjab properties in the years to come.

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Time to Maximize Gains on Real Estate Investments on an Under Construction Property

There are significant investments that hold great importance in our life. They are kind of our golden assets that help us sustain our future without worrying about several different things that might affect us in the forthcoming times. Real estate the sector is a prominent example of a legit investment and with SBP one can seize an amazing deal at a convenient price and accomplish the dream of their commercial property.

There is always room to discuss the growth and development of your investment prospects through real estate and with SBP one can learn some quick tips on maximizing gains when buying an under construction property and explore amazing added advantages on it.

As we have always focused on the builder’s past experience and performances, SBP also recommends you to become more observant and check if the builder has the Commencement Certificate for the respective property like floors, apartments & towers. This is legal proof of the quality and approval of the builder’s accomplishments and the projects delivered by him or her. You can also customize the payment plan according to your convenience and plan out the best-suited one. It is possible that the builder may accept your payment plan proposal because of the unsaid bar which compels him to admit the payment plan proposed according to your convenience. As the main objective of the builder is to sell the property and cover its cost as early as he or she can. In this way, it balances our savings for a longer period of time.

Moving on SBP would suggest you avoid a PRE-EMI plan and rather afford the one when possession time is declared. This uncertainty comes because of the delayed possession periods that cause forceful payment of your purchase. So be a smart customer and take affirmative steps to tackle such unknown situations. We are mentioning this crucial point almost at the end of all because we want you to look into the depth of it and collect valid information from the respective person. Your financial adviser is the one you can always look upon and get quick real investment suggestions. The person can unload the stress and help you indulge in a deep analyzation of the investment plans.

We don’t want you to face any questions regarding the property that you are willing to invest in. SBP wants its customers to be ahead of the times and gain information on various aspects of property-related questions. This way one is cautious about the present trends and keeps an update on them. We hope our beloved customers are willing to invest but with a proper strategy in mind. With SBP one always makes a smart move indeed.

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