The confusing demand supply parity!

Though the primary aim for developers in Bangalore is to make more affordable homes, the luxury housing sector is on the rise as well. The yearlong slow growth in the luxury and resale market is now followed by rapid growth after the initial influence the economic reforms had. Future homeowners who were once skeptical are now showing more interest. The developers too are eager to bring in new projects to meet the increased demand from the industry.

A realty agent from Bangalore, Aman Agrawal said “Although developers with financial bandwidth sustained the economic turmoil, many postponed their announcement, awaiting the sentiments to improve. However, now when the market has regained stability, a reclamation is expected in the offing. Besides, with government initiatives in the luxury segment, private players are also anticipated to make big announcements.”

Recently after the success of the project in Alur, tenders has been called by the Bangalore Development Authority (BDA) for their latest project at Dasanapur, off the Tumkur Road. The upcoming project is to be 4 BHK high-end villas and will be sold at a forty percent discount than their other projects. Competitive pricing and strategic location will be the main reason for the rise in demand for housing. This project is good for home buyers who are looking to invest Rs 50 lakh and above. Additionally having the project in close proximity of the highways such as NICE road and Tumkur road is another bonus.

Even with the potential homeowners concentrating on high-end properties ranging from Rs 60 and Rs 80 lakh, the resale market has seen its fair share of rise in demand as well. The number of sales has increased after Real Estate (Regulation and Development) Act and Goods and Services Tax (GST). The cause for the shift from the primary market to the secondary market is due to buyers being more interested in the high end projects at relatively lowers prices.

Cash being a major component during the transactions, the industry was shaken during the demonetization and continued to affect the demand and supply in its wake. The situation has now changed though. Both buyers and sellers are gaining from the regulated cash in the community. The buyers get to control the stamp duty burden by showing a lower value at the registration office and sellers get to set off capital gains. The market has got back its equilibrium now that there are no abnormalities in the cash flow.

There has been a 45 percent increase in demand from Bangalore’s premium market as of September 2017 from the time of demonetization. These numbers have improved as micro-markets such as Hoodi, Panathur in the East, JP Nagar and Banashankhari in the south, RMV Extension and Malleshwaram in the North Bangalore have been shown more interest. Lately the Non-Resident Indians (NRIs) or the elite buyer classes are the major customers for the luxury segment.

Joint Venture Partnership and Consultants in Chennai – Jain Housing

Have you ever, after leaving your home, on your usual way to work, find traffic in front of you when you least expect it to? All of a sudden huge pits get dug overnight, road get removed, traffic gets diverted and then you wonder “What’s the government up to now?”. People receive these sudden construction projects with either irritation or anticipation. Irritation is understandable since these incidents break your usual rhythm, but if you are one of those who are anticipating such projects, then you are in for a delight. Chennai city in recent years is undergoing a massive infrastructure development and will continue to do so for at least 10 years in the future. City limits are expected to increase, transportation routes become smoother and shorter. With massive construction projects in pipeline, it is time for some of the best builders in India to shine.

Infrastructure development brings Joint Venture Partnership opportunities for both builders and land owners. Joint venture in Chennai can be both fruitful and profitable for both parties, as currently there is room for growth in city’s development. Owning a property which can be developed anywhere in Chennai is a potential goldmine for joint venture partners to capitalize on. Development of a city leads to rise in city’s population, to accommodate the population, more land and buildings are necessary, thus forming a virtuous cycle between joint venture project partners. As one of the Top builders in India we believe to work hand in hand with our partners to procure mutually beneficial rewards.

If it’s your first time becoming our Joint Venture Partners or are planning to become one, it’s understandable for you have a few insecurities. But, we assure you as one of the Top 10 builders in India that we can have a beneficial and meaningful partnership. Having over 3 decades of expertise and accomplishing over 180 projects we have our ___ satisfied joint venture consultants to give credence to our claim. If you are a partner whom we have worked with before then let’s have a successful partnership again.

Real Estate Partnerships: The pickles you can get in!

I’ve seen a lot of people investing in real estate with a partner. That partner can be your relative, your roommate, your friend, your colleague, your BFF anybody. Some of these partnerships prosper. But I’ve also seen that after the investment, some of the partnership going haywire and the relationship drowning. The real reason is nobody is weighing the pros and cons of investing together. That leads to a healthy partnership.

There is an interesting way to partner up called as limited liability partnerships. In limited liability partnerships you can expect more investment money from your partner. Also you can be sure that your assets will be shielded against litigations and other actions. If your partner decides to play the fraud and cheat you, you’re protected then also. The icing on the cake is that if your partner cheats you, he is the one facing the legal action and not you (as in the usual case).

So you’re pretty confident you can get into the partnership, survive? Easy there cowboy! We got you covered with some tips that’ll save you.

• Understand: Yep! The important rule where you sit through hours of discussion to understand your partners and more importantly your own goals. The keyword you’re looking for is mindset and unless you and your partner are not on the same boat, this won’t work chief!

• Risk vs. Reward: You heard them right. There is this little thing called risk vs. reward ratio and make sure you talk that out, whether it’s a 50:50 or there are majority and minority stakes etc…

• Number of partners: This is not the place where you can shout the more the merrier Johnny boy! This involves money and more partners mean less profit, also less risk. According to law there should be minimum 2 and maximum 20 in a partnership.

• Role: Everyone should have their roles and responsibilities clearly defined. This is not the flea market and you can’t get away with something.

Some of the advantages of partnerships are easy to form, risk and responsibility is split, less maintenance and complications. But the disadvantages are disagreements, unregulated and unlimited liability and taxation based on profit share.