Bid Offers Opportunity To Rank One

Web portal provides the mutual information to the viewers. There are varieties of portals in World Wide Web and every portal has its own specific area to educate people. An enterprise portal aims is to provide complete information about the company and its services to its customers or viewers. 

 

333acre is a real estate portal provides the exhaustive knowledge of property sale-purchase. 333acre is one of the best real estate portals, which is offering most amazing option ‘Bid to win the space’. No any other portal provides the facility of this option.

333acre’s ‘Bid to win the space’ option allow customers to bid for specific advertisement space in the portal. To enjoy the benefit of this option the desirable person should complete the registration process first. After becoming a member of 333acre the user has to choose the amount to play bid. The minimum amount to play bid is Rs. 10,000. This option allows users to purchase specific space for limited time period. According to bidding amount the space will be offered to specific bidder for limited time period.

Budget 2012-13 Disappointed Investors

This year budget has not taken significant implements to rise-up real estate industry. This Budget drew mixed effects where the positive announcements were made in sectors like power, infrastructure, agriculture and aviation but the hike of excise and service tax disappointed the entrepreneurs which will result in an increase in cost of construction.

Real Estate contributes huge percentage in GDP growth. Any improvement to this sector would help to boost GDP growth. But the Union Budget has done very little to strengthen real estate industry. The increased burden of 2% service tax and excise duty may decrease the demand of property.

The Government also has tried to focus on affordable housing by allowing External Commercial Borrowing (ECB) for low-cost housing and extending the interest subvention for one more year for loans up to Rs. 15 lakh on property costing up to 25 lakh.

UP Government to Broaden Noida

Real estate development depends on the overall expansion of the area. To expand Noida, greater Noida and the Yamuna expressway the Government is bringing-up with newer projects in the shortest possible time. Also the UP state Government has approved some development plan of Noida extension and forwarded it to the NCR planning board.

Corporate and industrial group is taking a huge interest to purchase land in this area. The sale of plots for industries and corporate by the Yamuna Expressway Industrial Development authority (YEIDA) is on huge success. Although the value is already much higher, it is believe that this region will soon overtake the development in other NCR area.

Noida and Greater Noida have world-class infrastructure, which will help the country in attracting foreign investments. Noida real estate development has been done in a planned manner. It is believe that in the next five years, greater Noida will become a large residential center with all the facilities and good infrastructure.

Ghaziabad Comes-Under Priority List For Residence

Ghaziabad is an excellent option to invest for a long. The areas like Indirapuram, Vasundhara, Vaishali and Kaushambi are also known as new Ghaziabad, which offers immense opportunity for homebuyers. The area not only has adequate infrastructure facilities but it is also catching the attraction of urban crowd.

The area offers the facilities of Road connectivity, shopping centers, business hubs, institutions, hospitals and clinics facility. In addition, the facilities like malls, hospitals and school has become the focal point of Ghaziabad area. The best thing about the place is that the metro connectivity and other road and highway links becoming the area most prerogative.

Apart from above facilities the Indirapuram and Vaundhara are in the list buyer’s choice because the areas have major connectivity with Delhi and other NCR locations as well as provide the residential look.

Ghaziabad Development Is Speeding-up

The malls existence and highways are playing an immense roll to enhance the Ghaziabad real estate market, apart from this when we talk about Ghaziabad real estate the first point comes to mind is the development (Commercial and residential).

The development projects like the metro line and the Anand Vihar rail junction and also the flyovers have enhanced the area profile to make it a preferred destination for home buyers and increase in residential demand. The Government has also helped in boosting and promoting industrialization in these areas.

Developers May Under Trouble

The real estate sector plays an imperative role in Economy growth. Therefore, the Government should take adequate steps to boost-up development for this sector.

The present situation of real estate industry is becoming a matter of discussion. The budget 2012-13 has cleared the price hike in cement industry. The rising price of cement, iron, steel and other row materials can deficiently impact the real estate market, due to which builders and developers will have to face the problems of delay in project execution and high cost of construction.

India’s cement sector is highly dependent on imported coal. Prices of domestic as well as imported coal have increased considerably over the past one year. Increase in Excise duty on delivered cement may impact the domestic housing and construction sector. The 2% rise in the Excise duty from current 10% could not only have a cascading effect on overall construction sector but may also negatively impact the infrastructural growth. If this situation constant, it would impact the overall real estate market. 

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Home Loan Is Now At Lower Rate Of Interest

The rates of property have been continuously going higher as well as the interest rate on home loan is also stable for long time due to which the low level or middle class crowd could not able to step forward to buy property. This is one of the main reasons that the demand of property on rent is becoming first priority in residence as well as in commercial areas.

If we look back, by the time of recession when the supply overstepped the demand, buyers were also been demoralized a lot. After a long time the Government at present announced big news that now the buyer have to pay 2% less rate of interest on  home loan  with the property  value of up to Rs 25 lakh.

If the buyer interested to purchase a property worth Rs. up to 25 lakh, he/she can enjoy the benefit of this new declaration. The Government declined 2% interest rate for home loans where the cost of property does not exceed Rs 25 lakhs to enhance the growth of real estate industry.

 

Posted By 333acre