A real estate investment trust (REIT) is a trust that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. The stockholders of a REIT earns a share of the income produced through real estate investment – without actually having to go out and buy, manage or finance property. Globally, Over 30 countries now have REITs with US being the first country to introduce it in the 1960s. REITs have a proven and successful track record in several Asian countries such as Japan, Singapore, Malaysia, Thailand, Taiwan, South Korea, and Hong Kong. For many real estate markets in the world and Asia, REITs have proven to be a game-changer for the sector and have the potential to boost investor sentiment. India offers major advantages such as a wide variety of quality assets, sustained government support in easing regulations, a wide investor base, and opportunities for capital appreciation, among others.
REITs offer investors a number of benefits, including:
Diversification: Over the long term, Equity REIT returns have shown little correlation to the returns of the broader stock market.
Dividends: Stock exchange-listed REITs have provided a stable income stream to investors.
Liquidity: Stock exchange-listed REIT shares can be easily bought and sold.
Transparency: Stock exchange-listed REITs operate under the same rules as other public companies for securities regulatory and financial reporting purposes.
REITs with Indian Perspective
As of August 2014, India approved creation of real estate investment trusts in the country. Indian REITs help individual investors enjoy the benefits of owning an interest in the securitized real estate market. The government and Securities and Exchange Board of India through various notifications is in the process of making it easier to invest in real estate in India directly and indirectly through foreign direct investment, through listed real estate companies and mutual funds. In the budget of 2014, finance minister has introduced a law for setting up of REITs.
The structure of REITs is similar to that of a mutual fund, but they invest in physical real estate. The money accumulated is distributed in income-generating real estate. Of the rental income that REIT receives, at least 90 per cent is mandated to be passed on to the unit holders. India’s first REIT launched by Embassy Office Parks, a joint venture of Blackstone and realty firm Embassy, successfully raised Rs 4,750 crore through the issue.
The emergence of new office space occupiers continued demand from IT/ITeS, global in-house centres along with the BFSI space are expected to keep office space demand robust over the coming years. While the strong institutional flow of funds into real estate will continue to provide initial momentum towards REITs’ growth in the country, active participation of insurance and pension funds in future will help in long term growth of the market. In India, REITs has bright prospects and in future it will be a center of attraction for Real estate sector and investors
Mr Jay Deliwalia MR Sandeep Sabnani
Director: Kunvarji Group Vice President : Kunvarji Realty
Contact No: + 91 97129 31233 Contact No: + 91 90990 31221
અમદાવાદ ગુજરાત માં એક વિકસિત મહાનગર અને અત્યંત આકર્ષક બિઝનેસ હબ તરીકે જાણીતું છે. જેને અનુલક્ષી ને રીયલ એસ્ટેટ માર્કેટમાં નોંધપાત્ર પરિવર્તન જોવા મળ્યું છે. હકીકત એ છે કે અમદાવાદ છેલ્લા એક દાયકામાં ખૂબ જ સારી ગતી થી વિકસિત થયું છે જે અતિ-પ્રગતિશીલ નીતિઓ અને વિકાસલક્ષી શાસનને આભારી છે. અમદાવાદ શહેર રીયલ એસ્ટેટ ફ્રન્ટ પર અસાધારણ અને અભૂતપૂર્વ વળતર પૂરું પાડે છે, અને તે આજે ભારતના સૌથી આકર્ષક રોકાણ સ્થળોમાંનું એક છે. અમદાવાદ ના રીયલ એસ્ટેટ માર્કેટ માં ઘણા આકર્ષક વિસ્તાર ઉપલબ્ધ છે જેમાં મોખરાનું એક નામ ચાંદખેડા છે. ચાંદખેડા માં કૉમર્શિયલ અને રહેણાંક વિસ્તાર ના વિકાસશીલ વિકલ્પો ઉપલબ્ધ છે. શ્રેષ્ઠ જોડાણ સાથે ચાંદખેડા કાર્યક્ષમ માળખા અને સમૃદ્ધ ઉદ્યોગો માટે જાણીતું છે. ચાંદખેડા એ બીજા વિસ્તારો ની સરખામણી એ વ્યાજબી ભાવો માટે માટે અમદાવાદ માં લોકપ્રિય છે, આની સાથે ઘણા બિલ્ડરો હવે ચાંદખેડા માં વૈભવી ફ્લેટ્સ, બંગ્લોઝ અને વિવિધ કૉમર્શિયલ યોજનાઓ ધ્યાન કેન્દ્રિત કરી રહ્યા છે.
ચાંદખેડાની કનેક્ટિવિટી ઘર ખરીદદારો ને આ વિસ્તાર તરફ આકર્ષે છે. ચાંદખેડા થી એરપોર્ટ આશરે 8 કિલોમીટર છે, સાબરમતી રેલવે સ્ટેશન આશરે 4 કિમી દૂર છે. આ વિસ્તારમાં પરિવહન સેવાઓ ની વાત કરીએ તો, BRTS અને સિટી બસ સેવા મુખ્ય સ્થળોથી ચાંદખેડાને કનેક્ટિવિટી પ્રદાન કરે છે. મેટ્રો રેલ પ્રોજેક્ટ ચાંદખેડા ને ઝડપી પરિવહન સેવાઓ ઉપલબ્ધ કરાવશે. અમદાવાદ-ગાંધીનગર વચ્ચે ટૂંક સમયમાં જ મેટ્રો લિંક કાર્યરત થાય તેવી અપેક્ષા છે અને ત્યારબાદ ચાંદખેડા માં મિલ્કતો ના ભાવ વધે તેવી શક્યતાઓ છે.
ચાંદખેડામાં ઘણા કોર્પોરેટ્સ ચાંદખેડામાં સ્થિત છે જે આ વિસ્તાર ને વધુ આકર્ષક બનાવે છે. ઇન્ડિયન ઓઇલ કૉર્પોરેશન, ઓઇલ એન્ડ નેચરલ ગેસ કોર્પોરેશન લિમિટેડ અને ગુજરાત હાઉસિંગ બોર્ડ જેવા મુખ્ય ઔદ્યોગિક સંસ્થાનો આ વિસ્તાર માં સ્થિત છે. સરદાર પટેલ રીંગ રોડ અને સરખેજ-ગાંધીનગર હાઇવે જેવા રોડ ચંદેખેડાથી બાકીના શહેર નું જોડાણ સરળ કરે છે. નવો સી.જી. (ચાંદખેડા-ગાંધીનગર) રોડ પણ રોકાણકારો નું ચાંદખેડા તરફ વધુ આકર્ષણ પૂરું પાડશે તેવી અપેક્ષા છે.
ચાંદખેડા થી નજીક એપોલો હોસ્પિટલ, સિવિલ હોસ્પિટલ, રાજસ્થાન હોસ્પિટલ વગેરે જેવા જાણીતા નામો સાથે શ્રેષ્ઠ હેલ્થકેર સેવાઓ ઉપલબ્ધ છે. ચંદખેડામાં લગભગ બધી ખાનગી અને જાહેર ક્ષેત્રની બેંક શાખાઓ ઉપલબ્ધ છે. ચાંદખેડાથી નજીકના વિસ્તારમાં જાણીતી શૈક્ષણિક સંસ્થાઓ જેવી કે ગુજરાત ટેકનિકલ યુનિવર્સિટી, વિશ્વકર્મા એન્જિનિયરિંગ કૉલેજ, ડિવાઈન ચાઈલ્ડ સ્કૂલ, પોદ્દાર સ્કૂલ, તપોવન સ્કૂલ, કેન્દ્રીય વિદ્યાલય, ન્યુ લીટલ ફ્લાવર સ્કૂલ, વગેરે ઉપલબ્ધ છે.
ચાંદખેડામાં શોપિંગ અને મનોરંજન માટે નજીકના વિસ્તારમાં ઉપલબ્ધતા સારી છે. મુખ્ય નામો ની સૂચિ જોઈએ તો બાલાજી અગોરા મોલ, 4 ડી સ્ક્વેર મોલ, પેલેડિયમ મોલ અને રિલાયન્સ માર્ટ વગેરે જેવા સારા વિકલ્પ છે.
તમામ બજેટ કેટેગરીમાં ગુણવત્તાવાળા આવાસની ઉપલબ્ધતાને લીધે ચાંદખેડા માં ઘર ખરીદદારો ની સારી એવી માંગ રહે છે. ઘર ખરીદનારાઓ માટે સસ્તા ઘર થી લઇ ને વિલા અને વૈભવી ઍપાર્ટમેન્ટ્સ સુધી ના તમામ વિકલ્પો ઉપલબ્ધ છે. સંભવિત અને ઉજ્જવળ ભવિષ્ય ને ધ્યાન મા લઇ ને ઘણા બિલ્ડરો અને રોકાણકારો ચાંદખેડામાં નવા રહેણાંક અને કૉમર્શિયલ પ્રોજેક્ટ લાવી રહ્યા છે. ચાંદખેડાના તુલનાત્મક નીચા ભાવો રોકાણકારો અને ઘર ખરીદદારો માટે આકર્ષણ નું કેન્દ્ર બની રહયું છે. ચંદખેડાના તાજેતરના ભાવ અને વિસ્તાર અનુસાર રોકાણકારો અને ઘર ખરીદદારો ના રોકાણ પર ભવિષ્ય માં સારું વળતર આપી શકે છે.
શ્રી જય ડેલીવાલા
ડિરેક્ટર (કુંવરજી ગ્રુપ)
કોન્ટાક્ટ નંબર: + 91 97129 31233
Ahmedabad, a fully-developed metropolis and a highly attractive business hub, is witnessing remarkable improvement in the realty market. The fact is that Ahmedabad has grown tremendously over the past decade, thanks to ultra-progressive policies and intelligent development governance. The city is providing extraordinary and unprecedented returns on the real estate front, and is one of the most exciting investment destinations in India today. The one of attractive destination of Ahmedabad, Chandkheda is one of the rapid developing area with housing options along with commercial spaces. Along with best connectivity Chandkheda is known for efficient infrastructure and flourishing industries. Chandkheda remains popular for affordable housing but many builders now focusing on Plots, Bungalows, Luxury Flats, Commercial Schemes etc.
The connectivity of Chandkheda attracts the homebuyers towards destination. The Airport is nearly 8 kilometres, Railway Station is approximately 4 kilometres from the town. The potential hub of Gujarat, GIFT CITY is only 11 kilometers from the Chandkheda. On road transportation, the BRTS & City Bus transportation to the area offers connectivity from major destinations. While the ongoing metro rail project will facilitate the premium and rapid connectivity for Chandkheda. Metro link soon-to-be-operational between Ahmedabad-Gandhinagar and expected to take the demand for properties in Chandkheda a notch higher.
The major corporates have located in Chandkheda which makes the outlook for Chandkheda more attractive. The few major names are Indian Oil Corporation, Oil and Natural Gas Corporation Limited, Gujarat Housing Board etc. Served by arterial roads like Sardar Patel Ring Road and Sarkhej–Gandhinagar Highway provides smooth link from Chandkheda to the rest of the city. The New C.G. (Chandkheda-Gandhinagar) Road expected to provide more attractiveness towards Chandkheda.
Easy availability of healthcare services in area with well-known names like Apollo Hospita, Civil Hospital, Rajasthan Hospital etc. Almost all private and public sector bank branches available in the Chandkheda. Well-known Educational Institutions available to nearest area are Gujarat Technical University, Vishwakarma Engineering College, Divine Child, Bachpan, Podar, Tapovan, Kendriya Vidyalaya, New Little Flower School, etc.
For shopping and entertainment, the various malls available in nearest area are Balaji Agora Mall, 4D Square Mall, Palladium Mall, Reliance Mart, etc.
Chandkheda receives a healthy demand for residential properties due to the availability of quality housing in all budget categories. Home buyers get a host of options to choose from affordable houses to villas and high-end apartments. Looking to the potentials and bright scope, major builders and investors continuously looking for opening up of new residential and commercial projects in Chandkheda. The comparative lower prices of the Chandkheda makes it preferred investment destination among the investors and homebuyers. According to the recent prices and locality of Chandkheda, investors and homebuyers would be gratified with healthy return on the investment.
Mr Jay Deliwalia
Director: Kunvarji Group
Contact No: + 91 97129 31233
improves on reforms, ranked 35th globally: Survey
India has emerged as one of the top 10 countries to have registered maximum improvement in transparency in real estate over last two years, showed JLL’s Global Real Estate Transparency Index (GRETI) 2018
Generally we all misunderstand the concept of Green Home as Green Environment. Rather, it pertains to the effective use of environmental resources, such as power, water and minimizing pollution. A green power resource can either be solar-based or windmill based.
Constructed wells, rivers and dams along with rainwater harvesting and storing are the most commonly used techniques to keep the water level adequate for making of green home. Also making pollution-free garbage means the use of garbage for composting or power generation.
Cost of green home versus a normal home:
The price of home, depends on cost of construction and on its location. Experts believe that a green building can be constructed.at little or no additional cost. The net cost of owning a green home can be equal to or even cheaper than a standard home. So many a times it may so happens that architects, builders, engineers, plumber or any other industry professionals, all those are not aware or are not experienced in planning homes that are cost-effective.
Advantages offered by green home:
Healthier homes: Green homes are generally use non-toxin free building materials, which can combat indoor pollution.
Economical:One can always use resource that are available locally for constructing the house. Moreover, for heat and electricity, renewable energy sources like solar power, hydro power and wind power can be used.
Environmental impact: Conservation of eco system and bio diversity, improved air and water quality, less water generation and preservation of natural resources, are a few of the environmental benefits that one can achieve by living in a green home.
Things to keep in mind, while buying a green home:
1) Before buying a green home, always inquire whether the materials used can reused, renewed or recycle and whether they are energy efficient and durable.
2) A house can be constructed as a green home right from beginning, even a regular house can be modified to eco-friendly later.
Nevertheless, the common factors in each case that determine that the home will be a green home, include water conservation, energy efficiency, preservation of natural resources, generation of less waste and healthy neighbourhoods.
Recently we have celebrated 607th birthday of our beloved heritage city Ahmedabad. “ A city found by the great Ahmed Shah. So far Ahmedabad has seen many ups & downs in its heritage & real estate field for the develo–pment which we all have witnessed.
But what will be NEXT?
How Real Estate will take a turn especially after 3 major hitback of Demonetisation, RERA & GST. Somehow it has tried to maintain its stamina for the same which we have recently felt in our Budget 2018. But after major wh–at major changes Real Estate is going face. Let’s just have a lookout on it:
- Affordable housing segment to play a major role:
Recently, we have seen in Budget 2018 that there is a hike in the affordable housing sector. So this year in 2018realty sector is expected to see a huge flip in sales of affordable housing under the category of Pradhan Mantri Awas Yojana.So home buyer will now have more bigger and better option. Developer will now launch new projects so serve this segment so we will be seeing wider option for this segment. This will again help developer to clear unsold inventory.
- Consolidation of realty sector:
As we all are seeing realty sector is changing especially after implementation of RERA.New organized and large scheme will be seen in the market. Also the promoters who are not comply with RERA norms or who are not able to perform as per RERA have to merge with organized sector. This will bring greater confidence & many changes in the realty sector as now home buyers can now ask in case of delay in terms of the possession of the apartments.
Smart City initiated by our Prime Minister Narendra Modi in which realty sector will play a major in developing social and economic infrastructure for any smart city in India. Japan is also associated with the development of Chennai, Ahmedabad and Varanasi for making it a smart city. Again development of Smart City will help in Urbanization which will again increase the demand for property. Transformation will also be seen in Commercial Real Estate sector which we can witness in Gandhinagar GIFT City. The development of Smart City will also move the demand for other asset like hotels, education, hospitals, shopping malls and many more…
- Boost in Foreign Direct Investment:
The fund for Foreign Investment is increasing in India now that will be more seen in Real Estate market also after the implementation of RERA.The Real Estate market will be now at global level and will increase significantly, which will lead to huge expansion in opportunities and employment generation along with emerging economy of India. In 2018, India will find more NRIs for Real Estate market which will be now more reliable and lucrative.
- Space management by the developers:
As urban metro cities attract more people, so the cost of prime real estate market will continue to rise which will be seen to continue in 2018 also. This will lead to greater urban density also competition for space will reach to sky. So now developer will try to become more innovative with design for Residential as well for Commercial spaces. No wastage of space will be taken care by developer so that living spaces can be maximize.
The name itself bring the dreams to the fore from Bollywood to jobs. But what makes the life difficult in Mumbai is the place to live. It takes an entire life to buy a house in Mumbai. But now the wait is over also if one is planning for investment in LIVE city of India but was search in good option here is one of them.
Signet by Omkar Developers with wellappointed 1&2 BHK Bedroom located in Malad (East) Mumbai with basic & luxury amenities in heart of Mumbai marketing by Kompass Realty: Kunvarji Group of Companies.
There are the 7 reasons to invest in properties in Mumbai which will take the long run plan & good investment opportunity which start from here & this will give a clear idea of exploring about Mumbai Real Estate Industry.
Mumbai is a place for number of people for there daily food but there was always an issue for house accommodation but with the changing in time situation are also changing now we can see good housing for all also in Mumbai.
Return on Investment(ROI):
Mumbai leads to be always high in investment as it has a very good scope for the ROI which has leads to development of Mumbai.According to one survey last year growth of Real Estate sector in Mumbai has seen 20% interms of ROI. As it is the right time to invest in the properties of Mumbai as due to high price many unsold inventory are there & now new projects are coming up with affordable & reasonable price model which will give good ROI on investment from Real Estate Sector.
Mass with different culture:
Alike India, Mumbai is also a place of people with vibrant culture. From Ganesh Chaturthi to Holi to Diwali to EId every festival is celebrated with full energy. One can feel the feeling of oneness in every walk of life. It just not offer vibrant people of India but across the borders. Mumbai is one of the reasons which once you visit it will never be taken from you.
Affordable housing through Redevelopment:
Developers are taking up the redevelopment projects which will give the affordable housing & government scheme of “Housing for All by 2022” with the increase in demand for residential property since last 5 years which is now a major business hub in Mumbai.
Public & Private Transportation Network:
Best network transportation is seen in Mumbai for local as well as public transportation like Metro Rail, Buses, Cabs & Autos. Mumbai is well connected city with along with its connecting extensions to solve the major & burning issue of traffic in roads.
Real Estate Development tied to Employment opportunities:
Being the Financial Capital of India, Mumbai is growing rapidly in terms of opportunities. This has created great demand in residential properties, especially around major business hubs like South Mumbai, BKC, Kanjurmarg, Vikhroli, Powai, Thane and Navi Mumbai.
Affordable Premium Residential Projects:
Mumbai also accommodates premium homes for less in developing areas. Places like Navi Mumbai and Godbunder Road in Thane offer investment opportunities with a plethora of amenities, excellent architecture and spacious apartments. With numerous business hubs sprouting in these areas, premium residential projects will soon see a hike in prices before long.
So now are you ready to invest in properties of Mumbai: The most happening place in India. A city that never sleep.
Kindly contact for any more such update & inquiry.
Finance Minister Arun Jaitely has announced Budget 2018, as after the RERA & GST Real Estate sector was among the most affected industry in India. Before the roll out of Budget 2018, the government of India has made a survey with reference to economic development with help of Real Estate which reported that 15 million jobs w-ould be created by the realty & construction sector by the year 2022.
The Indian Real Estate Sector sees Union Budget 2018 more focused & balanced one with affordable housing announcement has pleased everyone. Affordable housing continues to be the main focus of the government in the Real Estate sector. Also government of India has announce to set up an dedicated Affordable Housing Fun-d (AHF) in National Housing Bank (NHB).
Major Highlights made in Union Budget 2018:
1) NHB, an apex financial institution for housing will setup a dedicated Affordable Housing Fund (AHF) that would invest wholly in the affordable housing segment. This fund would obtain capital from priority sector lending shortfall and fully serviced bonds authorized by the Government of India. Under the ‘Housing for all by 2022’ government has set a target to build 1 crore houses by 2019.
2)For property transactions, no modification while taxing income from capital gains will be made in case where the variation is not more than the 5 % of the ready reckoner or circle rate. This would help in reducing the time and cumbersomeness of real estate transactions.
3) Regarding smart cities, the government has so far completed work amounting to Rs 2,235 crore. Smart City mission aims to enhanced livability and holistic development of many Tier 2 and Tier 3 cities .A total of 99 smart cities have been selected at an of Rs 2.04 lakh crore.
4)This budget has focused highly on the infrastructure development. In terms road, Bharatmala road has already given approval of Rs 5.35 lakh crore. In rail, 600 major railway stations will be developed. Also, expansion of Mumbai transport system and suburban network of Bangalore is focused, hence driving the real estate market of these cities. In terms of air connectivity, 56 unserved airports will be connected through UDAN.
With Budget 2018, there were many expectations from the Real Estate players such as lower GST on affordable houses, tax incentives & many more which has yet not turned into reality as of now. But it is expected that government has made these decision keeping in mind the great future of Real Estate Sector. Also it is expected that these moves will help government achieve its fiscal deficit target, GDP growth target & target of being one of the most developed economy in world.
In certain situation it becomes essential to have advice of trained & professional expert. It becomes even important while you are making decision of a life long of investing in place where you want to live life long.
Like we consult a doctor for our health like wise what if you want to buy or sell your property? Here, you will be in need of experienced real estate consultant who will not only make a deal for you but also educate you regarding Real Estate know how.
1)A good, educated & professional Real Estate Consultant will never do misleading sales rather along with selling he will educate you with know how of Real Estate Industry. Like Is your property ready to be kept in market? What is right time to buy a property? What is the real scenario of Real Estate? Also will help you & guide in making a decision.
2)Many a times it may so happens that in Real Estate for your property you are most likely to be cheated also but when it comes to educated Real Estate consultant he will give a blue print regarding below matter as he is well versed with local market situations as well:
Type of audience for your property.
The average time required for your property to sell.
Where the most buyers are coming to see your property.
Challenges you will face while dealing.
Where you should buy property.
History about builder etc.
3)We all are using social media but when it comes to using for a professional purpose we need a professional person. When it comes to promoting your property to thousand of people over social media you will need a professional consultant for that as he is likely to know which area to target, who is your target audience, what budget to be kept etc.
4)We Indians are best in bargaining here we have to negotiate to get or to give the best price for your property. At that time Real Estate consultant can play a major role as he knows both the parties & real price of property which help you with negotiating for your property.
5)It would be nice to go for a property dealing without any hurdle but it cannot be the same case. So when due to any reason you want to deal in that property but the situation gets critical & stressful to handle than your Real Estate consultant can help you to get out of this.
Lynching relates to making a person weaker either physically or financially.
Talking about the real estate lynching done by Realtors or Builder to clients by delaying in delivering units, ask for extra amount at the time of possession, do not providing as committed, paying pre EMI for loan, to pay rent as possession is not been given yet is all lynching financially where client get mentally disturbed.
Considering all such issue in Real Estate market & citing lack of professionalism in real estate sector in country. Our Government of India came up with RERA Act, Real Estate Regulation Act to remove the modus oprendi going on in India for Estate Estate sector.
Now the present scenario will change as the developer has to deposit mandatory amount in escrow account, have to give possession on determined time period, have to provide details about project on RERA website. Most important have be authorized RERA registered if they want to deal in Real Estate market.
With all such rules & regulation professionalism will enter into Real Estate sector which will reduce fraud & will bring a new rising for buyers. As the home buyers has a lot of hope from RERA & they consider it as a saviour also will protect them from getting lynched by realtors.
In all above matter Kompass: Your Real Estate Navigator will help you to make you a professional Real Estate consultant if you are willing to work in Real Estate sector. But now things are changing, scenario is also changing which will lead you towards nothing but success.
Career as a Real Estate Consultant: Being REALTOR is not the same anymore!
A career as a Realtor might not sound too exciting, as most of us have heard about bad experience with an incompetent broker in India. This was primary & now due to many changes in rules & implementation of RERA no barriers will be there also this story is going to end soon as Real Estate Industry is rising fast.
A realtor is one who connects buyers & seller. It is estimated that by 2022, the employment of Real Estate Brokers is will increase by 11 percent. Earlier the scenario was that an uneducated person becomes a property agent, which perhaps creates a problem for clients.
However, now the thinks have changed, they are now more professional, taking proper training which is enroll with a certified programmes. With turning point in economy & opening of new job opportunities by which you can climb the ladder of your career even faster & better.
This industry is having another face which say same profile in western countries is consider as white-collar jobs where in India image is of blue-collar job. Indeed to say Why so?. Reason being they themselves have made a image of middle man, charging commission providing house & then disappearing once the money is received.
Networking, Communication skills, Service, Professional Approach was lacking which is now adding a new way for realtor to make a career in Real Estate Market.
As the scenario is changing & thinking to be a professional Realtor below are the steps to be associate with KOMPASS:
Step to be considered just 3 easy ways:
- They have to through the assessment for the eligibility criteria.
- They have appear for meeting & discussion about there future plans, current professional status & Kompass Models.
- They have to go for all joining formality & necessary documents.
Stay tuned…. for such more information from Kompass: Your Real Estate Navigator.
While the demonetization drive has prompted countless debates all over the country, everybody is keen to know the various positives it brings with it. There has been a lot of speculation about the real estate market in particular. Whether prices will drop has been the greatest concern but a well informed home buyer should be re assured that it will not be the case in all cities.
Only some cities, which have seen an irrational increase in price, will be due for recorrection. A city like Pune, which has always maintained a rational price market will remain unaffected.Having said that, there are many reasons why Demonetisation is definitely good news for the real estate industry in general and home buyers. Here are a few.
- Greater Transparency:
The realty sector will be regarded as more transparent and trustworthy due to the elimination of black money. While the industry will benefit from the shift towards a more transparent and organised environment, home buyers too can rejoice in the cleaner, more transparent processes.
- Drop in Prices:
Most of the Indian real estate hubs such as Mumbai Metropolitan Region (MMR), Delhi (NCR) and more will see a price correction of about20%. With this drop in prices, home buyers can look forward to buying their dream homes.
- Low EMIs:
More cash flow in banks has increased liquidity and eventually will lead to a drop in interest rates. This means that buyers can avail loans from banks at better lending rates than what was being offered in the past, making EMIs and home buying as a whole more affordable.
- Attraction of Foreign Investment:
Improved market transparency and the positive Government norms will attract more foreign investments in Indian realty.
- Benefit to Organized Builders and Loss for Unorganized Builders:
Organized developers will gain from demonetisation as buyers will shift their focus to such properties. Unorganised players will definitely face losses.
- Affordable Housing Unaffected:
Among all other categories, affordable housing will largely remain unaffected as the sector is independent of black money. In fact, this housing category might see more demand due to greater purchasing power.
- Restoration of Stalled Projects:
Unsold inventories will now pick up due to the greater buying power of home buyers and the possible stalling of projects that were yet to be launched.
The code of conduct for Agents by the regulator is expected to bring in accountability and prevent unfair practices and also ensure that only registered brokers are able to carry out their businesses.
The broker community therefore, will now have a much larger and responsible role to perform because under RERA, they are expected to inform the buyer if the project is RERA compliant or not.
They will not be allowed to facilitate transactions for non-RERA compliant properties. Brokers will also be required to maintain all the records and documents of all real-estate projects and developers they work with.
In a bid to ensure transparency and transform the sector from an age old unorganised business into an organised model, this move by the government is a much welcomed initiative. Anyone, be it a broker or a developer, who cannot comply with the Real Estate Act, will be held accountable for their own actions.
Those who do not follow the Act, can face mild to severe penalties depending on the rules and responsibilities. These measures may seem harsh, but they are expected to bring in a more transparent outlook towards the business of Real Estate in India.
On the other hand, to address the concerns of the brokers and hear their points of view, the Act also calls for forming of a Central Advisory Council that will help the government understand issues of the real-estate sector including property brokers.
At the moment, the Act is confined to the best interest of a consumer, however it is necessary for the Authorities to also consider the benefits for the intermediaries such as the broker community.
With higher penalty and lower income, a broker is confined and limited in their business decisions. A broker or any business, requires to feel protected and therefore, the community is in process of sharing constructive feedback with the Government in order to avail better benefits.
With the advent of RERA, it is evident that the real estate market is consolidating itself and every agent, broker or developer has their own role to play within the RERA regime. Until now, real-estate brokers were only considered the facilitators who brought together the buyers and the seller, but with the changing rules and regulations, Brokers will now have a larger and more responsible role in the industry.
With many businesses intending to work together and many agents / brokers joining hands to form an association or a self-regulatory governing body, one can already see and feel the winds of change in the broking industry.
Growth & success was never limited for Kunvarji, after making success in Commodities, Warehousing & Financial services. Kunvarji started it’s new venture in 2013 for Real Estate Industry with strategic mind & innovative business policy. Kunvarji has dreamed of making a professional brokerage consultancy firm by which people can get a quality service.
Initially Kunvarji was in association with REMAX as REMAX Kunvarji & started with 3 associates. Now carrying a number of team which is increasing gradually. But after making success stories with REMAX, Kunvarji decided to launched it’s own brand with lots of planning & strategy which was launch on September 2nd 2017 along with foundation day of Kunvarji & has started making its way towards success since day one.
Kunvarji propitiously launched Kompass: A real estate navigator. Having a vision of being most trusted & integrated real estate consultancy firm with an aim of penetrating market with combination of entrepreneurial flair & franchisee business model.
Growth of Kompass don’t stop here more progress is coming with introduction of RERA and history already shows the achievement.
- An award from Shri Niranjan Hiranandani (Hiranandani Communities) as a ‘Most Active channel Partner At GIFT City – 2016’ for India First IFSC Designated tower Hiranandani Signature in GIFT CITY.
- World Trade Center for Outstanding Contribution in WTC GIFT Sales Award – 2015 & 2017
- More than 1 lac square feet sold in GIFT City is never less than an award.
- We are overwhelmed to have visited Dubai and signed a MoU with leading International Developers at Dubai – The Land of Opportunities!
Today Kunvarji has a long & wide range of network globally. Kompass is running in a step success line of Kunvarji & has combination of model designed to work in real estate to robust its services which will be a revolutionary journey in coming future.