GST proves to be a wonder for Developers as well as for Realty Sector

Goods and Services Tax (GST), which will supplant different state and local taxes with a single unified tax, at last got the Rajya Sabha endorsement on Wednesday. The uniform indirect tax is supposed to benefit the realty sector among others. GST, once actualized, will supplant various taxes, for example, CST/VAT, excise duty and so forth with a single tax, decreasing cost for all the players and thus expanding the demand in the real estate market, as accepted by realty expert.

                            

Few realty experts believe that currently, a real estate developer incurs different sorts of taxes amid the development period of a project and various types of taxes are involved with these costs, for example, central sales tax (CST)/ value added tax(VAT), service tax, customs duties, excise duties et cetera. Subsequently, GST may supplant these various taxes with a single tax, accordingly decreasing costs for all players. Since finished homes won't be affected by GST as a buyer already pays stamp duties to the Govt. on the exchange so selling an under development loft and leasing of properties are liable to go under the ambit of this tax.

With the uniform tax, developers will have free input credits on GST paid for services and merchandise bought by them which will decrease cost for them and can be passed as diminishment to buyers. For business property, GST will reduce tax assessment as developers will be able to get information credit of GST paid for development administrations against the GST charged on lease rentals. Over the long haul if GST can expand GDP by 2% as anticipated by specialists it will thus drive the demand for land consequently helping real estate sector.

Real estate specialists from Devika Pragati Group tossed some more light on the effect of GST on real estate market and concluded that "The uniform tax is also going to be pertinent on the materials that a builder would purchase for the development so it will certainly affect costing of activities yet much relies on upon what rate of GST will at last be affirmed. In case that it is more than the current total duties right now implies that the general cost of purchasing an under-construction flat will increase along with added expense of registration and stamp duties and enlistment."

The much awaited GST has brought smile on lips of many people. Let’s see what happens in future!

Construction v/s Renovation

The truth is, for the cost of a used home, you could get a brand new home. On a cost-per-square-foot basis, renovating is typically much more costly than new construction. In any case, the choice to do one versus the other ought not to be based on construction costs alone. There are numerous things to consider. Devika Pragati Group highlights some of the benefits of construction over renovation.

So why is building another home more practical than an entire house renovation? That is a simple answer – in light of the fact that developing a home from the beginning, you begin with a fresh start to build on. You gain huge efficiencies in scheduling because everything can be planned ahead of time. To begin with, the foundation is burrowed and poured. The walls are framed afterwards. Windows, sheathing, doors, siding, roofing and after that the pipes and wiring is installed. Insulation comes afterwards and after that the wall studs are secured with sheetrock, and so on.

While on the other hand, when an entire house renovation project is embraced, the builder is compelled to work in a current structure. Walls must be removed before they can be revamped. Existing home issues, (for example, cracks in drywall or plaster) may drive the builder to make compromises to associate the old and new walls of the house together. Introducing an open concept design implies removing walls. And, the difficulty here is that you don't generally comprehend what's inside that wall. With renovating, you can simply depend on surprises and all surprises costs additional cash.

One of the greatest advantages of constructing a new home is the chance to build the home you had always dreamed off, the designs you want, fixtures and fittings, claddings and obviously plush interiors and exteriors. You can outline your modern home plans to suit your way of life, family and different necessities that you may have, maybe extra large garaging for your prized ownership or space for an elderly relative. When you construct new house, you have the chance to make a home that is designed only for you. The other awesome advantage is, obviously, the whole house is new, you have the delight of being the first residents, everything is in flawless condition and you realize that any maintenance is far off.

For more info, contact Devika Pragati Group.

Real estate market in brief

Real estate market resembles an entire distinctive world in itself where diverse forces gather and influence each other. Understanding the real estate market is fairly crucial and must be given due importance. Real Estate markets ought to be understood because it gives info about how the rules, economic laws and strategies are used in the real estate market. The aim of real estate market is precisely the same as those of other markets i.e., to gain extreme benefits at minimized expense. Let’s see what Devika Pragati Group has analyzed about the real estate market and how can it help us all.

Real estate has become an indispensable part of the economics. It holds inside itself an income hotspot for the administrations. There are livelihood opportunities that are filled as a result of it. The round stream of national wage of a state gets a major commitment from the land market and keeps it streaming consistently. At the point when so much is relied on it then it should get a spot amongst the quite contemplated upon issues.

In any market; whether it is a product market or some other market, there will always be certain driving forces cooperating to make it run. A brief review of the driving forces of the real estate market can enable even a normal man in handling real estate matters. The real estate market is immense with two fundamental forces driving it that is supply and demand of land. There are proprietors and occupants and their money capital that they will put resources into the properties. These are the two exceptionally primary factors that play the entire role. Since, they are the ones who have cash to invest. There are other people in the list as well. There are people who lease or rent out their property as opposed to using it themselves. The demand part relies on upon the requirement of the population while the supply part relies on upon each of those inputs that aid in building the stock of real estate.

The equilibrium framed along these lines by the forces of supply and demand portrays the mechanism of this business sector. The overview of real estate market gives tips for a superior financial and social development of the societies of the World.

Read this before buying your house

Any individual who can bear the cost of his own home has some basic choices. Plethora of options of property types are offered ranging from a detached single-family house to a townhouse. Also, there are different construction options. Here's an overview.

Whether you choose an apartment, a detached single-family house or a semi detached house, depends on your own fantasies and needs as well as on the budget.

The best thing to do is to get brief overview of the different sorts of residential property, examine the advantages and disadvantages of each and after that choose which ever suits you the best.

Single-Family Home - Single family homes (often called as SFH) are homes built on a single lot, with no shared walls. A garage may or may not be attached.

Condominium - Condominium (or condos) are single units within a large building or group. Condos share a wall or two to different units, and by and large accompany property holders' affiliations (HOAs), which require the occupants to pay monthly or yearly levy. They are popular in urban, highly populated areas, where there are numerous eateries and shops.

Townhouse - Townhouses lie in between a condominium and a single family home. They are usually various floors, with one or two shared walls, and some have a rooftop deck or a small yard space. They're usually bigger than a condominium, but smaller than a single family home.

Recently Constructed Home - What could be better that planning every single subtle element of your dream home yourself? Designing your home yourself,  gives you the power of choosing each minute thing from design of the structure to the shade of the bureau, which is a standout amongst the most prevailing reasons why the trend of recently constructed house is gaining popularity now. The real disadvantage that goes along purchasing a recently constructed house is the list of spontaneous expenses that occur during the construction.

Second Homes - The second home is a mystery hideaway people purchase to make tracks in an opposite direction from the institutionalization of life and spend a week or two into the woods far from the chaos of town. The vacation or second homes are hard to maintain as there is nobody to care for the repairs and upkeep of the house when you are away.

Devika Pragati Group has a complete knowledge of different types of properties in real estate world and can guide you to get the one of your choice that too without going over budget. So go and contact them now.

Factors responsible for property valuation

A real estate expert is a sharp onlooker who keeps a complete check of properties in different areas and factors affecting their valuation. He is extremely very much aware that when to strike a deal and acquire most extreme benefit. In other words it can be said that a real; estate expert is exceptionally very much aware of the latest trends of this specific industry. For the individuals who are profoundly keen in the real estate industry, here are five factors recorded by specialists of Devika Pragati Group that impact property valuations in India:

Connectivity matters - In case a town or city is well connected with the neighboring places then also there are chances that the property rates are as high as could be possible. People favor areas that have an excellent connectivity with the neighboring areas.

Infrastructure Development in the nearby area is a standout amongst the most vital factors that affect the rate of property. The property rates are generally high in an area where the roads are built appropriately and the transport facility is available 24*7. Metro cities like Delhi, Mumbai, Bangalore and Chennai are remarkable examples in favor of this point.

Employment attracts many - People usually relocate to cities which provide better employment opportunities. Thus, the rate of property in such cities is high and also the demand of property in those cities is soaring high!

Commercialization of an area also affects the valuation of the property. A city with various workplaces and business ventures is exceptionally alluring and people prefer to live in such cities so they can save time to drive to their work environment. This factor also plays a crucial role in deciding the valuation of the property. Noida and Gurgaon can be cited as immaculate examples.

Is land available? - In populated and busy cities the accessibility of property and land is very low. Thus, the value of property and land is high in such areas. Mumbai and Delhi are an immaculate case of such cities.

Affordability – It holds a relationship between loan costs, property costs and wages. In case any of above three variables reaches their most extreme level in a specific area, then the people begin chasing for a better lifestyle somewhere else.

Extra cash – Properties in agriculture areas draw a lower cost than those which are situated in IT centers and the valuation of the property is in direct proportion to the quantum of disposable cash flow in the hands of the buyer or the majority of populace in that area.

Amid of all these fluctuating variables, if you still feel that you need an expert advice, you can contact Devika Promoters & Builders.

Eco-friendly homes for you

In the current scenario of environmental pollution, many people choose to contribute in various ways to save the earth by building or buying eco-friendly homes. As awareness towards environment is rising nowadays, many architects and builders choose the concept of eco-friendly homes. These homes are built using distinctive materials which are eco-friendly. Devika Pragati Group presents eco-friendly homes for you at an affordable price. Here’s a list of things you should seek in an eco-friendly home -

Rain Water Harvesting System: Another eco-friendly system which is used as a part of these homes incorporate the rain water harvesting framework where the rain water is gathered from roof tops and conserved to be used later on. It can be used for different purposes, for example, cleaning, washing and planting.

Solar Water Heating Systems: Hot water in these homes is obtained by trapping the heat energy of the sun.

Waste Water Treatment: The usage of water can be reduced significantly with the use of waste water treatment plants which are used mainly to treat the waste water.

Solar Cooking and Lighting: Solar energy can be used adequately for lighting purposes. Solar lamps and lights can be utilized viably during blackouts and at remote places. It can be used in different areas also to reduce the power consumption. Solar cooking is another fundamental element of an eco-friendly home as it uses solar energy to cook food as opposed to other energies like kerosene and LPG.

Natural Waste Composter: All waste materials from the garden and kitchen are composted which can later be used as manures for plants. It can likewise be used to create bio-gas which can be used as a part of autos and cars. It can also reduce the solid waste which is discharged into the environment.

Recharge Ground Water: Ground water can be revived by planting trees and plants around the home. The use of non-metallic surfaces also revives the ground water.

In House Sewage Treatment Plants: Today majority of the residential properties and large complexes have in-house sewage treatment plants which are very useful for the earth from multiple points of view. It decreases pollution and adds to the greenery of the earth.

Apart from this, eco-friendly homes are developed using double panel windows which offer more prominent protection to the homes. It also facilitates quite atmosphere to these homes. Wood is essentially used on the doors and windows of these homes as it offers better protection.

Why own a house?

There is no doubt that home proprietorship is one of the cornerstones of Indian culture. That white picket wall flashes through the brain of practically every potential home buyer eventually. We all fantasy of the big terrace with the shade tree and a major yard swing. But, how does owning a home truly help financially?

Your house is your manor, however there are likewise numerous financial advantages of owning a home. Devika Pragati Group states reasons that owning can be superior to renting.

 Reason #1 Generate Future Wealth

 One major reason that owning a house is essential is the ability to produce future wealth. While this won't not be the principal thing a buyer considers, by picking the right property at the right cost they will later harvest the prizes of value. Putting resources into a house is once in a while an oversight, particularly if you get a good deal on the front end. Buyers never wish to pay top dollar for a home, be that as it may.

Reason #2 Helps in Tax Deductions

 There are likewise essential tax contemplations when buying a home, for example, the tax deductions a proprietor gets for paying home loan interest yearly. This can be a good point of preference for some individuals when they calculate their taxes every year.

Reason #3 As a Hedge against Inflation

Your rent will go up all the time, while your installment on a 30-year fixed home loan will dependably continue as before.

Reason #4 To Build Your Personal Wealth

 Quit paying your landowner's home loan. When you possess your home, your home loan amount will go down and your property estimation will go up.

No other venture, resource or obligation is as misjudged as a home. A home can be a magnificent and lucrative speculation, yet like any venture, it should be assessed regularly, kept up and, sold when appropriate.

Reason #5 Resource Diversification

Owning a home for more time period is typically more lucrative than renting. With proper execution and planning, you can figure out how to minimize the expense of homeownership and boost the ability to create real wealth.

 What are you thinking now? Go and buy a home today itself. Devika Pragati Group presents you with lots of houses to choose from. So choose the one which suits you the best.

Should I buy a house in 2016 or not?

Despite a tough question to answer however whosoever have the better comprehension of the real estate sector can easily predict the fate of this industry. Knowing the bullish and bearish conduct is a drop in the bucket in this era of quick globalization. Real Estate is a part which has as of now picked up momentum from the recent couple of decades. Also, trust it or not, the industry is here to stay and it plays an important part in raising the nation's GDP. So it won't not be right to say that what's to come is BIG for this market. All the big goliaths are seeking worldwide contracts. Those uber developers have left no corner untouched in the wake of taking a look at the rising demand for infrastructures.

Devika Pragati Group presents you a few reasons which you can consider in case you're in dilemma to buy a house or not.

 Affordability factor: Across the country for different reasons, costs have declined. The provinces that confronted the best increments in costs are presently encountering drops in costs which are marks the beginning of awesome purchasing opportunities. So ask yourself, "Would it be advisable for me to purchase a house now or hold up until things are less reasonable?"

 Low Interest Rates: True, loan guidelines have taken care of; nonetheless, there are still loans to be made. Purchasers are going for FHA loans where rate of interest is still 5%.

 Mortgage Protection Programs: For those who might be worried with the viability of their job, there could be a project to help with your home loan installment on the off chance that you lose your job.

Notwithstanding the "fate and misery" that is by all accounts everywhere throughout the news with respect to the land and home loan markets, NOW is an ideal opportunity to quit contemplating acquiring a home and get out there and really BUY one!

 It's a great opportunity to quit putting it off. Contact your Devika Pragati Group and begin buying. Yes, the business sector is somewhat crazy at this moment, however there are some huge opportunities out there, and signs that it is stabilizing.

For all those who are thinking to rent their house

The economy has been in a droop as of late. Subsequently, home costs have gone down as much as half in numerous parts of the nation. More mortgage holders have ended up... well... proprietors - renting their homes with expectations of making a small benefit. It isn't lie they’ve a choice in any case, it'd be damnation attempting to sell a house in a business sector like this.

 So in case you're considering doing likewise, renting your home, here are the strides by Devika Pragati Group you have to take:

1. Upgrade your home

 One thing you have to recollect is that your house is no more yours-in any event as much as who gets the opportunity to live in it. It's an ideal opportunity to overhaul and revamp your home, ensure it is safe and meets nearby lodging norms. Do this before letting a prospect a chance to do a home inspection check.

2. Change your lodging status

 Keep in mind to call your mortgage organization to tell them that you're no more living at home and in the event that they could give you consent to rent it. You might need to pay a little charge, however that is about it.

3. Upgrade your insurance

 Additionally keep in mind to upgrade your insurance before you let any new inhabitants move in. You have to save rental property landowner insurance. This is not quite the same as homeowners insurance, thus you need it updated before renting your home.

4. Who will manage the home?

Is it accurate to ask that you want to manage the house yourself or would you say you are hoping to contract somebody to do it for you? Home administration is a major choice, thus you should make sure about this. I'm certain doing the managing yourself will permit you to spare some extra, yet in the event that you can't do it, don't do it.

5. How much is the rent?

This can be dubious business. Charging a lot could wind up sitting in a vacant house, charge too could incur loss. Discover somebody who rents homes to help you out on this.

6. Repair Work

Upkeep, repairs, redesigning and other fundamental home expenses must be paid by you, not the tenant. Also, lamentably, not all tenants are aware of the property. One wrong tenant could wind up costing you thousands in harms. Make sure to precisely screen tenant’s applications before select an occupant for your home, particularly if the house has wistful value to you.

Choose Noida Extension for your new home

Greater Noida now a dynamic city of UP was before an indispensable unit of Noida. Countless developments have been seen in industrial sectors of Greater Noida, as well as within the real estate sector. Noida Extension, which is presently known as Greater Noida West has likewise picked up a huge fame akin to other metro cities. In the aspects of development, it has left behind majority of its neighboring areas. Fabulous network, vicinity of instructive organizations, human services centers and consistent transportation facilities are some of its points of interest.

Being a speculator, an individual can uncover a plenty of choices within Noida Extension otherwise known as Greater Noida West. The administration has additionally demonstrated a staggering commitment for the advancement. They have launched the buildings with first rate infrastructure and high class amenities. In addition, praisable endeavors have been made in order to give a happy lifestyle. In this manner, the area is getting a charge out of geological and additionally other development advantages.

Being a sought after rental destination, the zone is a haven for some financial specialists and second time home purchasers. The high ROI (Return on Investment) is drawing numerous second time home purchasers to buy more than one home here. High rental yields are likewise impacting numerous to contribute. 2 BHK lofts here can without much of a stretch create a rental return of Rs 10 for each square feet every month.

 Apart from being 'reasonable', the city has outflanked its neighboring towns like Gurgaon and Faridabad as far as its social state. Improvements along the business belt are pulling in numerous significant players from the IT, hospitality, retail sector.

  

Devika Pragati Group has again kept up its nobility and introduced an amazing residential gold homes in Noida Extension. Gold Homz by Devika Pragati Group is spread over wide territory and offering 2/3 BHK and 4 apartment. Likewise it flawlessly serves as a serene and green environment. Apart from wonderful arranging, Gold Homz is permitting the inhabitants to benefit moderate home furnished with high class luxuries. Different advantages offered by it are 2 level security, seismic tremor safe structure, 24x7 force reinforcement, Wi-Fi empowered perplexing, wide parking place and much more. So hustle just a bit and book your home right now.

Happy first-home buying

First-time home buyers will go over a great deal of troubles in comprehending the general procedure of purchasing homes, and also to discover which sort of credit would suit them the best. Guidance from friends and family who mean well could be useful; be that as it may, purchasing homes is a great financial challenge, so it is great to educate yourself with regards to the procedure of purchasing homes before doing whatever else.

You have to communicate with real estate like Devika Pragati Group since they will be able to offer you master exhortation on the off chance that you have questions in regards to your choices in purchasing homes. The general motivation behind such a meeting would not be to consent to representation agreements with agents of property, however to become more aware of local customs of real estate of your specific area. In the event that your agent doesn't have sufficient time to discuss the procedure of purchasing homes, continue looking for one that will. Good dealers of land will furnish you with data on local markets of real estate, and in addition give you thoughts on the types of home loan, which exist for you. Devika Pragati Group or brokers can likewise present important data at whatever point you wish to purchase homes.

The inquiries you have to solicit your home loan representative or real estate agent ought to incorporate how you can make offers on homes you are wishing to buy, and also specifics included between making starting offers and finally accepting the dealer's offer. Get some information about settlement costs, amount of down payment you may require, and the time length that is included between accepting an offer and the actual closing date.

 Guarantee that you fathom your overall credit situation, and in addition it’s meaning to you in terms of home loan. Requirements of down payment and the rate of interest you will get will be straightforwardly identified with the credit score. You need to know precisely what the credit score says before beginning the procedure of purchasing home.

The dealer might likewise suggest a loan specialist and a home inspection expert to offer you some assistance with finalizing the deal faster. When you use an expert advice, you can be guaranteed of autonomous advice intended to offer you some assistance with getting the best possible deal.

Expert Guidance for Real Estate Investors

For some people acquiring a home or to take it on lease has been a mindboggling subject. Many people prefer to live in rented homes while the others believe that there is nothing better than the choice of purchasing a home. In case you are in search of a house then experts from Devika Pragati Group are here to impart some expert knowledge to help you out of your confusions. According to these experts purchasing a home is a far better option than living in a rented apartment.

The consultants from the real estate world are stunned to see that the average rates of properties are hitting the ground. The real estate world has never seen such an awful time in past several decades. Be that as it may, this is a win-win circumstance for the general people that are planning to buy a house or property in the near future. The buyers stand at a profitable point because they can buy lands and properties at a much lower rate these days.

Truly, one of the best motivations to make the jump into home ownership at this moment is that getting cash is less difficult these days. Credit costs are as of now very low these days thus it makes complete sense to purchase land and property! Well, if you want to make full use of this situation then it is advisable to buy property before this low phase in the real estate world ends! Experts suggest that it is quite beneficial to buy a home in the present situation because the land costs are extremely low and affordable right now. As indicated before that the real estate world is encountering a low stage in various areas of the country so there is a possibility of getting a decent property at a moderately low cost.