All posts by Myfollo

11 Reasons to Hire an Interior Designing Company for your Rental Home

Home is like an anchor, a refuge from the flaming arrows of anxiety, pain, sorrow, and tension, a place where you are loved the most, and you relax the most. It isn’t just four walls; it’s your happy place. So it is imperative to design your abode in a way that nurtures and cherishes life-long memories. Interior Designing is an art, and home is the canvas that reflects one’s real lifestyle.

The intrinsic state-of-art décor reflects one’s personality and taste. While some may prefer having a home featuring a modern and classy interior, others may like an aesthetic appeal.

Getting the plan ready for interior designing
Getting the plan ready for interior designing

A cosy bedroom, a happy corner, a relaxing balcony, a vibrant living room, a semi-open kitchen, a luxurious bath—what’s your idea of interior designing? Yes, no wonder you can design your house with lavish furnishings or even with some DIY interior design ideas, but having expert advice while designing your home can prove beneficial.

Easing the peril of home décor, especially the properties that are up for rental, an interior designing company in India can take up the daunting task of designing your home, suiting your preferences besides incorporating their wealth of experience. So, if you are still in a dilemma about whether to hire an interior designer for your rental property, here are a few reasons that will change your mindset.

interior designing work going on
Interior Designing work

Benefits of having an Interior Designer by your side

  1. Time Effective

Interior designing is much more than buying expensive and beautiful pieces and placing them in your house. It is a multi-layer process which is time-consuming. Interiors done in haste can turn to be a complete mess that your idea of a dream home. This is where the interior design company, having an array of expert interior designers and interior designing templates, comes to your rescue.

From preparing a functional design space to purchasing the essentials, the designers have years of expertise to anticipate the obstacles and get the job done within a fixed deadline.

Save yourself the time by hiring an interior designer
  1. Receiving a professional assessment

Interior designing is a delicate balance between art and science, and the interior designer has earned the apprenticeships on what needs to be done. They have trained pairs of eyes who can see through areas you are bound to miss.

These interior designers hailing from various interior design companies in India have vast knowledge. They will work in collaboration to understand your preferences and design a plan of action best suited for your requirements. 

  1. More Functional Home

Interior designers are not only to select matching curtains, wall paints, and sofas; they leverage their knowledge in making every available space useful. They can turn any space into a utility area by reinvigorating the interior design that will not only make your house more functional but will give a classy and modern look. Interior designers can customize any space and replicate a 3D model so you get an idea of how the finished space will look like.

Functional Home Decoration with plants
Fresh & Functional Home Decoration
  1. You will need a qualified liaison

An expert interior designer is key to your dream home. They have the skill in dealing with building owners, architects, and contractors. As for renovating a home up for rental, these designers can tactfully resolve the repairs and give your home a new look, thereby increasing your property value. This will save you time and renovate your property within an affordable budget.

interior designers planning
Expert Home Interior Designers
  1. Cost Effective

Have you ever bought expensive furniture from a home decor outlet to find that it doesn’t match your interior? Have you spent thousands on getting that perfect colour shade for your walls? Although it may sound like an oxymoron because you need to pay the interior designer their fees, they can save you from the hassle and help recreate the exact designs to increase your home value. Besides, if you are on a tight budget, a designer will help bring out the best value within that budget.

  1. Better contacts and resources

It is perilous to find the right resources to renovate your abode. But the interior design companies in India are professionals who have reliable connections with plumbers, electricians, or contractors. They also work in close collaboration with architects, so if any segment of your house needs a repair, they will get it done in a jiffy.

Besides, designers have access to various fabrics and products which are not available for commoners. Leveraging such resources can make your home look unique.

  1. A stylish child-friendly home

While renovating your home, you need not compromise on the style to make your abode child-friendly if you hire an interior designer. They have access to kid-friendly products that are stylish yet durable, thereby saving your money from unnecessary expenditures.

child friendly interior designs
Child Friendly Interior Designs
  1. Luxurious living in a compact space

Removing the cutter isn’t enough when thinking of giving your property for rent. With an interior designer by your side, you can enhance your rentals by giving your house a spacious look. These skilled professionals can renovate a compact space in a way that exhibits serene and cohesive décor in a small space. They can give an eye-catching interior décor to your house, which will become the wow factor for your rental property.

  1. Reviving the old heritage with a new touch

Are you wondering how an old bookshelf or an antique wall clock will seamlessly blend in with your new home décor? Put in a little trust in the designers from the interior design company in India, and they can work wonders with their magic wands. These professionals can amalgamate traditional architecture with a modern touch that will give your abode a magnificent outlook.

Old heritage revived by Interior Designers
Old heritage revived by Interior Designers
  1. Space to pursue your passion and profession

Dreaming of incorporating a yoga room, a hidden bar, or a customized office space within the home—interior designers can make the impossible seamlessly possible within any given space. This will surely be a valuable addition to your home décor, attract potential tents, enhance the overall look, and you can earn more rental income!

  1. The Wow Factor

Various home decor companies in India have skilled designers who can think out-of-the-box when it comes to designing a residential space creatively. Not only will they craft an amicable design, but they supervise it to bring perfection. They will create a customized interior that suits your preferences with every piece of décor seamlessly blending together. Their vast access to endless trade-only resources is what will bring forth the vibrant aura and make your home highly functional.

Bottom-line

If you dream of a luxurious master bedroom with an en-suite bathroom, or a floor-to-ceiling bookshelf with a toasty fireplace, or vibrant living space with comfy carpeting and wallpapers—Propcare is here to offer its interior designing services in Gurgaon & Delhi. A division of MyFollo, a property management company, Propcare can renovate and remodel your rental space to bring out its best value.

9 Best Tips for Tackling Rental House/Property Maintenance

As a landlord, one must know their responsibilities, duties, and rights to ensure there is a smooth transition of ownership from them to the new tenant. New, as well as seasoned landlords, must understand that by ensuring their property is well-maintained, they are relieving the tenants of any unforeseen leakages, roof damages, clogged gutters, or any kind of property maintenance issues.

house maintenance
Rental Home Maintenance

However little the tasks may seem, property maintenance is a tough job. While some of the landowners prefer to do it on their own, others take external help from property maintenance services company which act on their behalf and take care of the following:

  1. Check for Pest Control
  2. Check for Leaks
  3. Appliance Replacements
  4. Re-Painting
  5. Check of Property Damages
  6. Routine Inspections
  7. Creating a schedule
  8. Ensure You Inspect before a New Tenant Moves-In
  9. Hire a property management company

Check for Pest Control

When you own an investment property, you must spare some time each month on regular and seasonal checks. Regardless of whether there are no indications of a pest attack, you need to keep such issues from happening. Even when you get regular pest control done, don’t try to restrict it to one area of the house, as pests will essentially venture out to another room of it. The eradication ought to be done on the overall property.

pest control services
Regular checks on pest control

Check for Leaks

Every property has some soft spots on the rooftops, ceilings, and dividers. Search for any leakages of water around windows, showers, and toilet seats. Check under sinks, boilers, and water heaters. It is imperative to distinguish water leakage as early as possible. Continuous leakages can harm the dividers, roofs, and even an occupant’s assets. Dangerous moulds can likewise form making home maintenance and repairs a huge expense to deal with.

Well, if you are thinking of selling your property too, leaky ceiling can cause you a much damage in valuation of your property.

leakage issues in the ceiling of the house
Ceiling Leakage Issues

Appliance Replacements

Remember that everything has an expiry date. Rooftops, appliances, flooring, and paint will all need to get replaced after a suitable time. A brilliant landlord will assess the life expectancy of significant machines and property appliances that should get supplanted so they can prepare a spending plan and spare money likewise.

Replacements can be a significant house repair cost, yet it will at last add to the estimation of your home improvement whenever done thoughtfully.

Re-Painting

An additional layer of paint can be an incredible way to spruce up the property between occupants or/and the lack of it could be the main reason why the previous tenant refused to renew the lease agreement. Often it is an occupant’s security that takes care of the expense of re-painting; however, a long-term tenant may fall under the typical depreciation period, and then the painting costs will be met from the proprietor’s spending plan.

home re-painting for maintenance works
Re-painting the property

Check of Property Damages

In some cases, you may experience a tenant who deliberately damages your investment property. Property harm can be charged to the occupant that caused the damage, yet the measure of time it takes to reestablish a property to lease can mean a loss of rental income.

Then in some cases, the tenant may not have the means to pay for the harm and may not even be bothered about the legal implications, leaving a proprietor to take care of the expense of damage. Both the expense for the property harm and the lost lease costs for the time it takes to prepare a property lease should be thought of beforehand.

Routine Inspections

To avoid circumstances like above, proprietors should plan regular visits to the property while the tenant lives there to ensure there are no damages. A proprietor ought to give prior notice before entering the property; often, the lease agreement determines the frequency and time of these visits.

This is an open door for the landowner to recognize home maintenance & repairs issues or for the tenant to examine any issues, for example, a leaky faucet.

property inspections being done
Property Inspections

Creating a schedule

By defining a timetable for home improvement inspections, it will be simple for you to create a schedule and share with the tenant before to avoid any intrusion. Remember the lease agreement expects tenants to inform you in an ideal way if they have any upkeep issues or face an expense.

You ought to investigate the property once at regular intervals and check the state of the appliances, the floors, the cupboards, the rooftop, and so on. You can avoid this check and incorporate an external help to do this for you at regular intervals.

create a schedule for home maintenance inspections
Defining a timetable for home improvement inspections

Ensure You Inspect before a New Tenant Moves-In

Among other responsibilities as a landlord, while finding a new tenant, you must also inspect the property before a new one moves in. There are areas that the previous tenant must have overlooked and could cause real damage when the new tenants use the property. It is also suggested to replace smoke alarms and other such appliances that require batteries.

Property maintenance may appear to be costly to get a portion of these appliances fixed. However, it’s justified, despite all the trouble. In addition, it’s a landowner’s obligation to make the property risk free and safe.

Hire a property management company

Investment in managing a property is an all year task. While no landowner likes to fall for monthly expenses, but the truth is that keeping up with your investment property can also help in increasing your rental income benefits in the long run by keeping occupant turnover low and property estimation high.

So here hiring a property management company turns out to be a most beneficial option.

Conclusion

Remember that rental home repair requires a differed range of abilities, from plumbing to electrical, and the capacity to inspect issues. Call for help can come at any time of the day or night. A landowner who decides to do rental house maintenance on their own, ought to be ready for all consequences. Landowners ought to likewise recollect that a tenant couldn’t care less how much cash a proprietor may spare in terms of these expenses. One of the main reasons of tenant turnover is insufficient upkeep.

There are a lot of property maintenance company out there for landowners who need support. Property management company in India helps landlords needing services, for example, carpet installation or painting & even rent collection from tenants. Know that a few positions should be taken care of by experts.

Facts NRI Must Know About Power of Attorney Before Investing in Indian Real Estate

The Indian real estate market is known to provide great returns on investment. As a result, citizens around the world are always looking forward to investing in Indian territory which has made legal services like power of attorney equally important. Various NRIs are always on the hunt to invest in India and make good use of their property by renting it out or selling it. 

power of attorney
Power of Attorney

Recent studies show that there has been an impressive growth of investments by NRIs in India for both residential as well as commercial properties due to the falling value of Indian Rupee in comparison to American Dollar. This makes our country a hotspot of tourists, businesses, and other real estate related matters. Due to this, there have been many amendments as well as new initiatives are being taken legally to allow more ease for NRIs to invest. As there are various legal matters involved in this, the power of attorney for NRI plays a very crucial role. 

There are multiple NRI legal services for properties & other matters available these days. In India, there are three types of power of attorney:

  • Special power of attorney, where the powers are limited to a specific purpose.
  • The general power of attorney, which allows multiple powers to the attorney to exercise.
  • A durable power of attorney, which provides ceaseless powers to the attorney.
Special Power of Attorney
Special Power of Attorney Sample
General Power of Attorney Sample
General Power of Attorney Sample

Important facts related to the Power of Attorney that NRI must know

Registration

The POA registration process can be tedious. So, an NRI property management company in India can be very useful to guide the NRI for the same. In case of the sale of immovable assets, it is mandatory for the NRI to register a POA, as per the Supreme Court of India. The deed has to be registered within the jurisdiction in which the attorney resides.

Some important parts of the deed are the details of the NRI, their signature, the details of the attorney, the purpose of the deed, and the validity period for the same.

Revocation

There might be situations when a dispute arises between the principal and the attorney that has been appointed. In this case, revocation is an immediate step that needs to be undertaken to avoid any type of damage to the property in hand. The process of the revocation of power of attorney needs to take place in the sub registrar’s office in which it was signed.

Usually, the revocation occurs in case of the demise/ mental illness of the principal, i.e., the NRI. The presence of two witnesses is one of the most important things to keep in mind during the revocation process. This is mandatory, failing which there can be unwanted consequences. It must be noted that as a power of attorney is valid throughout the life of the principal, and to discontinue the powers, a proper revocation process is necessary.

revocation of power of attorney sample form
Revocation of power of attorney sample form

Execution

It is important to follow the various guidelines that are mentioned in the power of attorney act for conflict-free management of the principal’s property. Therefore, all required documents during the registration of a power of attorney need to be submitted. In case the principal is unable to come to India to sign the deed, then the registration can also be done in the country where the principal resides with the signature of the head of the Indian embassy.

As a POA has all the powers on the property on behalf of the principal, the NRI must choose the attorney after a lot of thinking. There are various online portals providing real estate services in India that can provide the required guidelines to be followed while selecting the attorney. Moreover, various property managers also provide the required knowledge for handling legal lawsuits related to the property.

Legal Services for NRIs in Property related matters
Legal Services for NRIs in Property related matters

Fraudulent activities

In case there are any fraudulent activities undertaken by a power of attorney, then it might cause serious trouble to the principal. Due to this, it is advisable to take the help of a real estate company offering legal services to avoid any type of discrepancies.

Beware of Fraud Activities undertaken by a power of attorney
Beware of Fraud Activities

In situations when there are legal disputes arising during the presence of an attorney, the principal needs to prove that they are unaware of the misuse of power conducted by the power of attorney. In some cases, it has been found that the attorney has exercised powers outside the ones specified under the law, and excessive cash transactions have taken place.

Thus, it has also become important to regulate the POA by the principal. There should be constant communication between the attorney and the principal for transparency and greater accountability. This will build loyalty between both the parties and ensure that there is a seamless sale/ lease of property.

Payments

The payment related to the sale/lease of a property is the most important process in the real estate industry. To make this hassle-free for NRIs, a POA for property makes this process much easier and credible. It is important to note that the principal can give the attorney permission to accept the payment on their behalf. This implies that the most crucial part, i.e., the financial transaction, has to be carefully supervised by the attorney; making sure that there are no discrepancies in the process.

However, it must be kept in mind that the payment needs to be transferred to the account of the principal only. It is not within the exercise of the attorney to receive the payment in their personal account. 

Bottom-Line

As the price points of the real estate industry are changing incessantly, it becomes important that the NRI keeps themselves aware of the latest trends of the market. This will ensure that the property is in good hands, and no misuse of any power is being done.

A power of attorney is very important in the management of the property, as most of the duties that need to be performed by them need immense detailing and focus. Choosing the right attorney is as important as selecting the right property. Therefore, the above-mentioned points are necessary to be known before appointing an attorney.

11 Best Rent Collection Tips for Landlords in India

The relationship of a landlord to their tenant is hard to explain. The Indian real estate market is currently beaming with prospective renters, but how many landlords are willing to take the risk? Surprisingly, the numbers are strikingly low.

The problem for first-time landlords is that they lack awareness of the potential ordeals that come with rent collection, rental monitoring, and other rent deposit related issues. Renting out a property in India is not always favourable for both parties if it is not approached correctly.

Some of the most common issues for landlords in India are finding the correct match for the property, chasing tenants for rent collection, tenants misusing the property, tenants forcibly overstaying, and tenants not paying the maintenance fees.

As much as we talk about the tenants’ legal rights and call in the Rental Control Act, 1948 (for being pro-tenant), so we must also consider the hardships of the landlords in metro cities such like Delhi.

Thankfully, there are different ways for rent collection in India to solve your concerns, and the fact that you can choose any of it makes them even better. Given below are some of the pre-requirements that can help a first-time landlord in streamlining their rent collection and deposit process.

collection of rent from tenants
Rent Collection Services

Things to keep in mind to make your Rent Collection cycle smooth

  1. Insure your property
  2. Market the property well
  3. Evaluate your tenants cautiously 
  4. Fix the rent
  5. Prepare a rent agreement
  6. Openly discuss advances and lease increment 
  7. Discuss the method of payment and know your alternatives 
  8. Police verification of tenants
  9. Don’t be biased towards the occupants 
  10. Know your privileges as a landlord
  11. Visit the house for routine checks 

Insure your property

A  smart proprietor gets their investment property completely insured. There is a constant danger if the property isn’t insured that they wouldn’t be the one controlling it, but the occupant would be. In that case, rent collection for landlords becomes a challenge. Proprietors ought to talk with their insurance specialists to guarantee they have the most extreme risk inclusion measures for their property. 

property insurance
Make sure that your property is insured

Market the property well

Purchasing or leasing the property is only a click away these days. With the increasing dependency on mobile applications, landlords must utilize this platform to promote their assets on different websites affiliated with RERA. This brings numerous eyes to your property, which can get you magnificent deals. An exact profile should be made to transfer the property details, and uploading photos can be an added advantage. You could likewise keep the traditional method of marketing through newspapers and word of mouth. 

There are also real estate companies that deliver property marketing services. You can contact them too if you don’t want to take the stress.

Evaluate your tenants cautiously 

Taking time to screen who you’re renting your property to can spare heaps of time, the rental chase up, dissatisfaction, bothering, and a thousand different issues related to rent monitoring. Make sure you have reasonable criteria for your candidates. Likewise, ensure tenants must have 3X rent collection amount as salary and great credit. Their credit report will reveal to you how they handle their obligations and if they’ve received any eviction notices before.

Fix the rent

Once, as a proprietor, you finalize the occupant, next, fix the rent deposit. It must be as per the market. Setting it higher than the market rate would make it harder for you to locate an occupant. If still, you wish to set it for a higher limit than the market, justify it by offering some perks. You can also include security gadgets like a CCTV for higher rent.

Prepare a rent agreement

Each rent agreement ought to be recorded in a hard copy and enlisted. It gives the term of the rent collection, month to month rental deposit, and security sum. It indicates all the terms and conditions of the rent collection related services, for example, who will pay for the water, electricity, and maintenance bills.

The landlord must know the reason for making this a customary, regardless of whether the property is being utilized for business or private purposes. In case the landlord and the tenant agree to broaden the terms of the rent agreement for a specific period, that needs to be re-recorded in writing. 

Prepare a rent agreement to avoid complexities later

Openly discuss advances and lease increment 

A security sum ahead of time is a standard for each agreement. A landowner is qualified to ask for this as a preventive measure for any harm caused on the property. The equivalent could be interrogated if something happens to the property. It is, likewise, a typical practice to expand the house lease yearly. 

Discuss the method of payment and know your alternatives 

There are many approaches to rent collection in India. It’s essential to tailor these in your rental agreement to the segment you are planning to house, as this will diminish rental chase up issues in the future. For instance, undergrads may not have a chequebook, while the older tenant may not be accustomed to the electronic payment mode. 

Mode of payment for collecting rent
Mode of payment for collecting rent

Police verification of tenants

This is one of the most fundamental parts of a rent collection for owners doing it for the first time. It helps in the personal investigation of the tenant. Not running a police verification is a culpable offence under Section 188 of the Indian Penal Code. It should then be submitted to the near police station alongside ID confirmation of the tenant. At that point, the nearby police direct the individual verification and give a heads up for the rental agreement.

police verification of tenants in delhi
Police Verification should be done before letting out your property on rent

Don’t be biased towards the occupants 

A smart landlord won’t ever discriminate among his occupants on the premises of religion, sex, or dietary inclinations. There may be cases where you need to refuse a prospective tenant to lease the property, yet it must be based on a legitimate reason,

Know your privileges as a landlord

Under India’s rental laws, some rights shield a landlord’s interests and avoid the rental chase up and rent monitoring trouble. The Rent Control Act is one significant act passed by the GOI in 1948, post which a few states have embraced changes to match the case. The law discusses the privileges of landlords. As of late, different revisions have been made to the law.

Visit the house for routine checks 

There are numerous situations where the occupants utilize private property for their business purposes. Many of them open their little offices or set up a scholarly focus on this private property. To keep away from such circumstances, a landlord needs to clear it in the lease and make occasional visits to the house. 

Putting resources into a rental land can be productive, though it is in no way, shape, or form an easy task. First-time landowners should familiarise themselves with the complexities of a rental situation so that there are no causes to lament later. Even better, hire an agent or a real estate company that offers rent collection services to avoid any hassle.

routine checks on property by owner
Routine checks should be there by the landlord

5 Ways to Increase Chances Of Selling Property Fast in India

Selling a property in India could take from five minutes to five months and yet you may not find the best fit. So, to sell the property fast, here are five points to remember:

  • Ask for the right price
  • Read about the market trends
  • Bring out the best in your property
  • Market your property well
  • Establish a personal connection with the potential buyers
Tips to close the deal of selling your property fast
Tips to close the deal of selling your property fast

Ask for the right price

If there’s anything that kills a real estate fast and quick, it is quoting the wrong price for a property. One of the best property selling tips is to offer the right price. Nobody likes to buy an overvalued property. Try not to let your sense reasons for selling decide the cost.

However, if you have already picked the best real estate agent or a property dealer, you can trust them to get you the best deal. It does not mean you should not voice your opinion in the decision, but to sell a property in Delhi & Gurgaon, you must pick a value that will attract purchasers towards you.

The other way to look at this is if you value your property aggressively, you may even take the bidding war to a point where the buyer makes an offer that you had wanted in any case. You can also win the property selling war by only making some minor fixes in the house where they are needed.

By doing so, you can gain buyers’ interest. Some of the other factors responsible for selling a house fast are its location, social surroundings, physical building, and the availability of conveniences.

Don’t overvalue your property

Read about the market trends

It is in the best interest of the buyer to understand the property buying patterns within their vicinity. It assists you in providing the correct cost estimate for your property. Likewise, it spares you from a lifetime of the disappointment of selling your property in haste or at a must lesser cost that you would have got.

Learn more about the properties that are up for sale in your location and what do they cost. Considering the interest in your area and how much the buyers are willing to spend could be important points to remember while selling property in India.

Analyze the ongoing trends in Real Estate Market
Analyze the ongoing trends in Real Estate Market

If you ask for a higher price than your competition, selling a property can become difficult, except if your asset has some novel highlights, which makes it distinguished from the rest.

Bring out the best in your property

Eliminate all the unnecessary things that you may not need in the house. Pack the most part of your stuff in boxes and allow buyers to see the open spaces of your property. It is significant for the buyers to envision themselves in the home.

Bring out the best in your property by repairs and maintenance
Bring out the best in your property by repairs and maintenance

If the house is perfect, and without making any changes, it can fit in their imagination, selling a house may be simpler. Moreover, less mess makes the selling a property look more extensive. Replace damaged tiles, fix stuck drawers, and doors that don’t close properly. Guarantee that all lights switch on and that there are no broken taps. It is all about repairs and maintenance that are needed in your property that can make a huge difference.

Great interiors and lights significantly function in selling a house. Lights make your home look bigger, and divider mirrors work admirably in enhancing the light. Changing old bulbs to new higher power ones can also increase the intensity of light in your house.

Market your property well

List your property online on the property listing sites. Perhaps the best way to sell property in Delhi & Gurgaon is to put it online for the buyer to see it on a greater platform. You can even submit your mandate at real estate companies website that can help you in selling your property online fast.

While posting your property on the web, guarantee that you give enough good quality photos of the interior and the exterior of your home. Since online property forums have the gigantic reach, these property marketing tips can increase your chances of accepting queries from certifiable purchasers. 

digital marketing for real estate
Hire a digital marketing company to market your real estate

Also, marketing property among your colleagues, friends, family members, neighbors, and so forth can ensure prospective buyers in your region will know your property is up for sale. Ask your companions and family members to inform interested individuals about your property. Getting the news out in your workplace is a decent way to get an ever-increasing number of buyers. The entirety of this will help you to sell the property fast as a greater number of purchasers will come to see it.

In this digital era, you can also search for a potential buyer on social media platforms by effective strategies like Social media ads.

Establish a personal connection with the potential buyers

While selling a house, you must follow one of these property selling tips. Inviting your possible buyers with warmth and a courteous manner, is an unquestionable requirement to have a decent first impression. Keep in mind; buyer fulfillment is central to a property selling deal. The more joyful your purchaser is, the more will be your odds of selling the property fast. Build a decent relationship and trust level with the buyer that they want to deal with you. 

personal connection with the potential buyers for selling property fast
Stay in touch with potential buyers for your property

Another property selling tip you should remember is when the buyer visits your property, you must give them their space. Buyers require time to break down certain things before deciding. Giving them space and letting them check your home until they are satisfied with it is what you must remember while selling property in India. Standing aside and not coming in their way while they look at the house is an excellent and humble practice to be followed. 

Conclusion

Your job of selling property does not end here. These are not just any property selling tips; in fact, these are what buyers root for when they are looking at properties. Plan well to sell a home before you even put it out in the market. Tidy up your space. Get the documentation right. Supplement your endeavors to sell the property at an alluring cost with enough research and expert advice. 

Real Estate Vs Stocks: Which Has Better Returns on Investment?

The choice between real estate and stock markets is dictated by choice, personality, and risk appetite. There are only a few stocks that can beat the appreciation of prime property and no amount of real estate investment can compete with an early-bird investment of blue-chip stocks.

Which has better ROI? Stocks or Real Estate

Preferring Real Estate Investment to Investment in the Stock Market

Real estate requires a lot of research and is an asset that cannot be readily liquidated into cash. Some real estate is a cash-generating like apartment buildings, rental houses, and strip malls. This is a much more comfortable investment for lower and middle classes as they are more exposed to this kind of investment. Rents provide an important source of cash flow every month and therefore improve the amount of cash in the long run. 

The chances of fraud are minimal within real estate as owners can physically inspect the property for damages and repairs. The availability of home loans grants landlords an opportunity to invest within structured debt for appreciation. 

commercial real estate investment
Commercial Real Estate Investment

Property has been a significant hedge against inflationary pressures in an economy and therefore safeguards money against inflation. Owning a tangible asset can grant more control through its investment. 

Real estate provides some tax benefits as income derived from real estate is not subject to income tax. Rent provides an income shield against mortgage payments. Dividends from stock are uncertain as compared to rental income that is fixed for the duration of time. 

The prices of real estate property appreciate over some time and have an intrinsic value from which it cannot fall. Real estate provides an excellent method to use borrowed capital to accelerate the number of holdings in the same sector. This is the most common method of using leveraged funds.

real estate value appreciation
Real estate value appreciates over time

Responsible investment in real estate improves community standards by improving housing availability, maintaining the property, and increasing local tax revenue. Repairing and maintaining dilapidated housing enhances the self-esteem of neighbors and other rentals in an area. 

This field provides an excellent route for entrepreneurship and real estate companies foster some kind of business spirit between tenants and landowners. Real estate grants people an opportunity to monetize property through its rent, lease, or sale. Real estate investment can be partial, and all potential costs can be dispersed unto loans. 

Preferring Investment in Stocks to Real estate

Buying stocks and reinvesting its dividends generates wealth over a long period. Stocks are a liquid form of investment and are purchased or sold at ease as compared to real estate. Share purchases grant a small part of the ownership of a company. How stock market works in India is detailed concept in itself so we won’t get in that.

Diversification of stock portfolios is more accessible in the stock market as compared to real estate investment. A transaction fee within stock markets is significantly cheaper than real estate transaction costs. 

investment in stock market
Investment in Stocks

Stocks provide dividends; these are a portion of a company’s earnings distributed to all shareholders. Stock ownership does not generate any kind of workload for shareholders. The amount of capital required for investing within stocks is significantly lesser than real estate. 

Real estate requires more massive amounts for initial investment, and all company ownership bought and sold from stocks can as little as a single share.

Share ownership grants voting rights to holders at annual general meetings and also grants control at a majority share. Purchases are made at ease by opening up a brokerage account. Stocks markets facilitate buying and selling stocks and make transactions convenient for shares. This form of investment grants capital appreciation as a potential return for investment.

why invest in stock market
Stocks markets facilitate buying and selling stocks

Share ownership carries limited liability, and therefore holders are protected from the financial obligations of a share and liable to the shares face value. Common stocks are a crucial means for companies to raise capital for expansion. 

Substitute for traditional real estate – REIT (Real Estate Investment Trusts)

A real estate investment trust (REIT) is a company that holds, finances, and operates properties to generate income. This can generate a steady stream of income for investors but offer little capital appreciation.

Most REITs are publicly traded stocks and are considered highly liquid investments. Apartments, data centers, healthcare facilities, and hotels are traditional properties held at REIT portfolios. REITs can earn rental income, management fees, and mortgage income. This tends to focus on a particular segment of properties and leads to specific types of companies. 

real estate investment trust
How Real Estate Investment Trust works?

A lease is a contract between an owner and user of a property that lasts for twelve months or more. Both a landlord and lessee can sign an agreement that grants the right to operate a business on the property in exchange for some compensation. There are different types of leases available for investments. This concept is different from rent as rental agreements only last for a month.

Fix and Flip Strategy refers to a strategy of purchasing property and then renovating it with anticipation of profit. Investors buy property at a discounted rate due to its conditions of disrepair and invest in its upkeep and repairs. 

Real estate wholesaling refers to the practice of contracting home with a seller then finding interested parties to buy the home. This kind of seller generally finds distressed clients for contracts and puts their properties for sale. 

5 DIY Interior Designing Ideas to Transform your Rental Home

The most amazing thing about staying in a rented place is the sense of independence and the endless scope of DIY interior designing.

To truly make a rental into a lovely cosy home, one needs imagination and a lot of interior designing ideas. So, we got our best interior designers for rentals in Delhi and Gurgaon to share some of their trade secrets to budget-friendly home decorating ideas.

Home decoration with plants

Plants are one of the simplest and underrated items that can instantly liven up any place in the house. They provide much needed green respite from the concrete chaos that surrounds us. Plants are a wonderful source of oxygen and are also the most viable air purifiers that you can have. Bedroom, living room or bathroom, there’s a plant for every room, and we’ll tell you which ones are best suited for you.

home interior designs with plants
Rental Home Decoration with Natural Air Purifiers

Let’s begin our journey with the plant kingdom in DIY interior designing ideas .

  • Pothos or Money plants are commonly found and easy to maintain. Put the cuttings in a bottle or vase filled with water and place it on a bookshelf, coffee table, etc.
  • Succulents are a beautiful addition to your home. They are low maintenance and come in tiny sizes too.
  • Mother in law’s tongue or snake plant is another hardy plant that can stand neglect. If you need green in the bathroom, then this is your go-to plant.
  • Grow herbs if you have ample sunlight coming through, herbs like mint look pretty and smell great too.
home decoration with plants
Home decoration with plants

If you’re confident about your green thumb, go in for big plants and place them in a lovely cane basket which can be found for cheap, trust it to bring the that adorable look to your house.

Kitchen interior design tips

You may think that home decor ideas stop at the kitchen, but we have some good news for you. You can revamp the kitchen interior design as per your requirements in a budget-friendly and easy way too. Don’t like the colour of kitchen cabinet, there’s a quick fix solution for it, vinyl stickers. They come in a plethora of colours and designs which can instantly personalise the cabinet according to your preference.

There are a host of interior design ideas for kitchen.

  • Use bright, peppy wallpaper to cover boring or dark walls
  • Deploy washi tapes to write creative messages on the kitchen wall
  • Grow herb plants if your kitchen window gets ample sunlight
  • Change the existing modular kitchen designs with vinyl stickers

Stick them on and give the kitchen interiors a whole new look. When you’re moving out, you can remove them easily and return the kitchen to its original state.

Kitchen interior design tips
DIY Interior Ideas for your Kitchen

Interior design ideas small bedroom

The bedroom is where we retire for the day, chill during holidays and sometimes turn it into a micro-office. It unknowingly reflects our innermost personality and aesthetic preference. Whether it is a collection of photographs or a fiercely private memento box or a half-read book lying about, bedroom becomes your own private haven. It doesn’t matter how small space is; there is always a scope to do many beautiful things.

We’ll let you in some DIY home decor tips to brighten up your bedroom decor.

  • Don’t have a budget to buy a cot? Place the mattress on the floor and fluff it up with some comfortable cushions of different shapes against the wall.
  • Use lights creatively to brighten up dark corners and make the bedroom look more spacious.
  • Keep a climbing plant for the company and let it grow to create a natural canopy around the bed.
  • Have photos of your loved ones on the bedroom wall, clip the photos on a string and change them according to your mood.
Interior design ideas small bedroom
Styling your bed on the floor
DIY Interior design ideas small bedroom
Clip photos to a string or the wire of lights

It’s beautiful how smart tricks like the placement of lights, plants and light curtains can make a small bedroom look spacious.

DIY interior design ideas living room

The statement-making room of any home is the living room, even if it’s rental. Doing up the living room can be a very therapeutic experience once you begin with collating your inspirations from around the world. Once you close in on the look according to space and personal preference, it’ll be quite an easy job thereafter. To up your game in rental interior design for the living room, there are many amazing ideas that you can begin with.

Interior design ideas for living room
Interior design for living room of your rental home

Here’s a collection of some DIY interior designing ideas you can get inspiration from:

  • Introduce a rug in your living room, cotton dhurries are easily available and are pocket friendly too. They come in many sizes, making it easy for you to choose one to your liking.
  • Place a mirror opposite to the natural light source and watch your living room become instantly bigger.
  • Pellet boards are a convenient piece of furniture to use as a coffee table, plant table or even a book stand.
  • A simple DIY for curtains is to use unused sarees or dupattas and add on some quirky accessory for that bohemian look.
Interior Decoration with Used Duppattas
Interior Decoration with Used Duppattas

Before you begin the transformation, do observe the natural light sources, dark corners, and floor space. It’ll help you in deciding on the placement of accessories and also saving a lot of time and money.

Photo Gallery for interior designing
Photo Gallery over a Nail-Free Wall

Craft ideas for home decor

One of the fun things about DIY home decor is that it allows you to create stuff with your own hands. The process of creation is known to be quite therapeutic and meditative according to experts. It could be as simple as framing your mandala design or a vintage magazine cut out, it’ll engage your senses like no other activity. The joy of creation is unparalleled, but we also understand that it shouldn’t be time-consuming and expensive.

Empty and Used Bottle Decoration Ideas for interiors
Empty and Used Bottle Decoration Ideas for Rentals

We curated a few easy craft ideas for you to try your hands-on:

  • Empty bottles are a perfect canvas to unlock your creativity. Paint them and add in fairy lights. Not only it’ll give a cosy, warm feel, it’ll also be a beautiful accessory to accompany a nice photo.
  • Jazz up photo frames with shells and small pebbles that you collected from your travels. It’s an excellent way to remember your travel memories and making your frame look one of a kind.
  • Give the mason jars a coat of paint and use them to place tea-lights—a perfect way to recycle and also be creatively resourceful.
  • Repurpose an old wooden ladder by giving it a nice coat of paint and use it as a clothes holder or a place to keep your souvenirs.
ladders for interior designs
Get everything out of that ladder beside just for climbing it
budget friendly interior designing ideas
Budget Friendly tips for Interior Designing

Just by making small changes and repurposing everyday items, you can enhance the look of your rental home.

Rental room designs can be easy, affordable and creatively satisfying. Take inspiration from Pinterest and Instagram, there are loads of ideas to choose from and begin your DIY interior designing journey.

Rustic Home Decor Ideas
Rustic Home Decor Ideas

Conclusion

In case you wish to hire a professional interior designer in Gurgaon or Delhi for your rental home feel free to contact Propcare, a property management company in India & also a division of Myfollo, a real estate company based in Gurgaon.

10 Reasons to Hire a Property Management Company in India

Property Management is a way for third-party companies to leverage their expertise in maintaining the residence’s status quo and appeasing the tenants. Several rental property owners are availing rental property management services in India to oversee the day-to-day undertaking of the property and dealing with the queries of the occupants. 

In the event of a vacant property, it is the responsibility of the property managers to put the residential abode on rent. From property evaluation, tenant screening, signing a lease, collecting rental payments, marketing vacant spaces, property inspection, interior designing services, and maintenance—Property Managers do the tedious job of property maintenance services in India.

Property Management Services for NRIs in India
Property Management Services for NRI in India

Why to hire a property management company?

Hiring a property management company requires adequate due diligence to avail the best propcare service to manage your asset.

1. Eases the perils of tenancy management

From screening the tenant’s records, rent collection, sorting disputes amongst the tenants, or resolving problems between tenants and other members of the society—a property manager is always on his toes to amicably resolve these perils hour of the day.

Tenancy Management Services in India by PropCare
Tenancy Management Services in India by PropCare

2. Handles odd hour requests for keys and other essentialities

While it may not be possible for a landlord to show up at 3 AM to give a pair of duplicate keys to the tenant, property keys management companies have employees to carry out these reluctant jobs. Besides, they also cater to the other needs about the property from circuit breakage to solving water problems.

3. Provides Legal Services

Tenancy Management is a hassle, especially for the NRIs. It gives more reasons to hire a property manager trained professionally in handling tenant eviction in the pursuit of non-payment of rents. They have the expertise in offering legal and liaison services to the owners to safeguard them from administrative hassles.

Handling of legal cases for Properties for NRIs
Handling of legal cases for Properties for NRIs

4. Repairs and Maintenance of Property

One of the imperative reasons to hire a property management company is the timely maintenance of the real estate asset to attract potential tenants for high rental income. Their property maintenance service starts at every level of the house, from resolving the slightest wall crack to plumbing perils.

5. Leverages vendor management with ease

An untimely vendor responsible for supplying goods and services at the doorstep can ward off the tenants with their unpunctuality. Property managers handle this task too as they have good contact with reputed vendors, merchants, suppliers, etc.

6. Ensures seamless vacant Property Marketing

With their innovative and effective marketing strategy, property management companies’ unswerving efforts are leveraged to place the right advertisement for their asset, determine the best rent rate, and supervise cosmetic enhancements to maximize the revenues.

7. Aids in tax assistance

Paying residential tax is a tedious task for many owners; hence property managers can aid in giving expert advice on claim deductions and organizing essential documentation and forms to avail the claims. Property management fees are tax-deductible.

8. Alleviates the investment value

Real estate is an imperishable investment with increasing value, but seeking advice from a professional property management firm can offer feedback and suggested modification upgrades that can bring in high rental value and impact maintenance and insurance costs.

9. Acts as a bridge between tenant and landlord

For property management India, NRIs often hire property managers who conveniently clarify any property related issues for the tenants on behalf of the owner over the phone or by making personal visits. Besides, they are professional entities refraining tenants from making fake excuses or creating emotional turmoil at the time of rent payments.

Property Managers act as bridge betweeen tenants and owners
Property Managers act as bridge betweeen tenants and owners

10. Enables owners to enjoy rental benefits without compromising on freedom

Real estate investment is often seen as a passive source of income for many owners. But the hassle of maintaining a property is cumbersome. So, hiring a property management company to oversee the residential rental and maintenance procedure can enable a consistent income source without the owners taking new tenancy management and legal responsibilities.

Propcare—A Property Management Company in India

Propcare, a division of MyFollo, is a prominent property management company in Gurgaon, offers innovative Propcare services with a customer-centric approach. MyFollo envisages transforming the way real estate advisory and transactions have been going on for decades.

Leveraging 15+ years of advisory expertise, the firm has been successfully offering Propcare services in the Delhi NCR region. Offering its gamut of services, MyFollo has created 2500+ HNI relationships, manages assets worth 9600 Cr+, executed 1200+ transactions, and provided assistance to 23+ family offices.  

Responsibilities of a Property Management Company
Responsibilities of a Property Management Company

Services provided by Propcare

  • Marketing and Lettings (the action of renting out a property)
  • Rent collection & Deposit
  • Possession Assistance
  • Property Keys Management
  • Property Maintenance & Repairs
  • Tenancy Management
  • Interiors for Rentals

Procedure to manage your property with Myfollo

With the intervention of technology at its core, MyFollo offers a gamut of Propcare services in Delhi NCR, including property marking, rent collection & deposit, possession assistance, key management, property maintenance, and tenancy management.

how to submit your property for mandate to MyFollo
Process to submit your property for management to Propcare, a division of MyFollo

At MyFollo, the proficient team of professionals has a personalized dashboard for every customer to maintain their real estate assets. To avail their quantum services all, you need to do is – 

a) Select an online Propcare management package from their specified list of property packages for vacant, rented, including a special package for zero upfront brokerage

Property Management Packages delivered by MyFollo
Packages offered by Myfollo

b) Make an online payment for the package you select and sign a contract

c) Once done, in the next step there will be a generation of the property management schedule

d) Now you have access to an online property management dashboard to view all the related activities to your property

Client testimonial

MyFollo empowers its business on a performance-driven culture and has a mission to offer top-notch propcare services to its clients. Over the years, the firm has achieved exponential success in offering relentless services in real estate transactions and asset management.

From preparing IM, conducting meetings with potential investors, and finally effective and efficient structuring of the deal, the firm aided Finance Jackson Group with its Commercial real estate in Noida. As for the Unified Credit Solution, the firm has leveraged dynamic end-to-end Propcare services in Gurgaon from fulfilling their mid to long term objectives for managing their real estate assets. 

An expert in handling property management services in India, MyFollo, with its team of proficient, knowledgeable, and proactive professionals, offers multiple suggestions on the real estate portfolio. They enable seamless transactions for Kinetic Motor Company Ltd., thereby aiding them to resolve the complexities of decision-making at family offices.

Bottom-line

Today significant cities Pune, Mumbai, Bangalore Chennai, and Delhi NCR are the booming hub of the rental market owing to the fast-paced IT Hubs that have come up over the years. Seeing a market opportunity, several NRIs and residents are increasingly investing in these properties as they offer high rental income and capital appreciation.

But being a landlord is a daunting task, especially if you plan on placing your residential abode for rental usage. From maintaining an attractive state-of-art décor to dealing with troublesome tenants’ legalities, the task seems never-ending! To ease the landlord’s job and reduce the hassle of NRI Property Management, several prominent Property Management Companies in India offer innovative end-to-end property management solutions.

Problems that people Face While Selling or Leasing their Properties

property for sale

The real estate market in India is one of the oldest industries and selling, buying, or leasing of properties have been going on for decades. But have you faced real estate marketing challenges before selling or leasing their house? Whether you hire an agent or not, selling a home is a tedious task.

The property selling process is a daunting task with an emotional journey, especially for the first-timers. Furthermore, its time consuming as most of your time will be spent in attending the buyers or tenants. After that, buyers will find every possible way to criticize and negotiate on the amount. With this emotional turmoil and nor prior experience, homeowners face challenges in selling a property. 

Problems while selling property
Problems while selling a property

As for those planning to lease their property, disputes with tenants can increase your stress level. Disparities between landlord and tenants mostly occur over the delay of payments, escalation of the rental amount, cleaning and maintenance of the property.

property management services in gurgaon delhi
Property Management Services in India

So to solve property leasing issues, incorporate transparency in the relation between the tenant and owner, you first need to know what problems you might face.

  1. Overpricing your estate
  2. The roof problems
  3. Selecting an incompetent agent
  4. Home violations
  5. Adding lousy images
  6. Deciding on the rental amount
  7. Selecting a credible tenant

7 Problems while selling & leasing of properties

Are you confused about what to do while selling a house? Here are some significant challenges most sellers face.

Overpricing your estate

The biggest obstacles of selling your home or leasing is overpricing intending to receive maximized profit. But the price of the house must have a strategy so it can sustain in the market. It is imperative to research the market analytics of the current homes, reevaluate the pricing and offer a standard rate in the competitive market. 

The Roof problems

Several lenders and bankers are unwilling to approve home sales having roof problems. It can lead to a decrease in home valuation while selling. So you can either opt for a home equity loan or personal loan to cover up the repairing expenses or find an investor willing to purchase the home with cash offers.

roof leakage problems in a property
Roof problems in a property

Selecting an incompetent agent

An incompetent agent devoid of market knowledge can impact price listing strategy of the house. So hire a proficient agent armed with prior expertise as their advice plays a pivotal role in determining the market value of your home based on its present condition, neighbourhood, and location. Realtor problems must be sorted before you select the best offer for your home in the market.

Home violations

If there has been a home violation on your property, it is best to mention it at an early stage to the buyers. So before entering the market, it is a top priority to get a home inspection done and select a contractor to fix the code violation issues and make your home ready for sale. A home devoid of violation and in excellent condition can escalate sales.

Adding lousy images

Nearly 44% of the home selling process is done online. So your house needs to create an eye-catching impression in the eyes of the buyers. But what most sellers fail to add are high-quality images, thus limiting their market reach. With professional photographs of your house and leveraging technology, it can make a big difference in the market.

Deciding on the rental amount

A market survey is an essential step before you decide on the rental amount. Several other factors such as the neighbourhood, proximity to transportation, and most importantly, the facilities offered by the property must be checked before you state a price. 

how much rent should i charge
Deciding, how much to charge rent?

Selecting a credible tenant

There is nothing worse than having disputes with tenants that can even drag to the court of law. So before you finalize, the tenant checks for his/her CIBIL score and enquiries about the previous landlords’ experience. 

finding credible tenants for property
Finding a credible tenant

5 Common mistakes to avoid while selling a property

Here are some of the most common property selling mistakesyou must avoid.

Failure to analyze the profit from house selling

Selling a property should be profitable either to pay off the existing loan amount or for personal benefits. But what most sellers forget is to calculate the exact cost incurred by selling a house which also includes repairing expenses suggested by the home inspection.

Incorrect pricing of home

As an owner, you have the flexibility to state any price for your house, but that might hinder the process of selling as the price may not fit the bill according to the market value. So it is necessary you understand the worth of your home, take keen insights from the current housing market, and place a price.

Skipping pre-home inspection

A deal can go topsy-turvy if a buyer brings forth a home inspector to evaluate the current situation of the house. If there are ample repairs to be done, your negotiation price can eventually go down the hill. So it is best to have your home inspection done before entering the market.

home inspections
Pre-Home Inspections

Forgetting to clean the house

It’s not just high-quality images but instead the original version of the house that will impact the buyers. So before you plan to sell the house, opt for a deep cleaning session, repair the flooring or small cracks on the wall, paint the house, and preferably make your home energy efficient.

Cleaning the property before selling

Lingering a home tour

If you are up for quick sales, don’t make the mistake of delaying the home tour as you might miss a potential buyer. But before you invite them for a visit, clean your house, the garden, and even the backyard to create a strong impression.

Conclusion

Real estate is a booming sector, and several real estate companies in India can help you provide adequate assistance to allow a seamless transition of the selling and leasing process. But before you embark on property selling or leasing look for the legalities as legal documents in real estate play a pivotal role in determining the future of your property. Though submitting your property for mandate to a professional real estate organization like MyFollo makes the path smooth and hassle free.

7 Reasons Why Delhi NCR is Suitable For Real Estate Investment

delhi ncrsuitable for real estate investment

A research study in 2019 suggested that India’s real estate investment garnered approximately $970 million. Moreover, the total investment in real estate for the year 2019 was $5 billion. This growth in sales and revenue generation is despite the current slowdown in the Indian real estate sector caused by the coronavirus pandemic. The research study also suggested that real estate investment in Delhi NCR has been the highest generator of revenue for investors in the year 2019, with approximately $610 million.

Further, Delhi’s investment accounts for 63% of the total real estate investments in India & followed by Mumbai ($410 million) and Pune ($150 million). The increasing influx of capital has caused the real estate future in India to have a positive outlook.

To ease your decision process, these are the seven out of several reasons to sell/buy a property in Delhi NCR:

  1. Industry-friendly Policies
  2. Growing Job Opportunities
  3. Advanced Infrastructure
  4. Potential Areas
  5. Appreciating Investment
  6. Highly-captivating Commercial Sector
  7. High Standard of Living

Why invest in Delhi NCR Real Estate?

Although there are tons of sources available online for research today, many investors are still confused regarding regions to invest. To ease your decision process, we have collated a list of seven reasons to sell/buy a property in Delhi NCR.

Industry-friendly Policies

Industry leaders expected the government to come up with stimulus packages for housing finance companies and incomplete constructions. The government announced a unique INR 30,000 crore package for housing finance companies to boost their liquidity and INR 10,000 crore for incomplete construction works. The Finance Minister, Nirmala Sitharaman, announced that the cabinet is working towards launching, Smart City 2.0 mission in the Union Budget 2020-21. These initiatives are going to be favourable for the realty sector and upcoming residential projects in Delhi NCR.

Growing Job Opportunities

Increase in job opportunities due to infrastructure
Increase in job opportunities due to Real Estate in Delhi NCR

Nowadays, there has been an increase in job opportunities in Delhi NCR and Gurugram. A large number of world-renowned companies are setting up offices in India’s capital. It has led to a rise in the demand for real estate in Gurugram. The job opportunities and subsequent payments are expected to rise soon & are also likely to fuel the real estate sector in Delhi NCR and Gurugram.

Advanced Infrastructure

Infrastrucuture in Delhi NCR
Real Estate in Delhi NCR

Infrastructure forms the vital support system of the real estate sector. The government has allocated funds for the completion of Jewar Airport in Delhi NCR. The massive project is expected to support multi-national corporations (MNCs). This will boost the economy. Projects like this are expected to propel the developmental activities in Delhi NCR further to accommodate the rising demand for commercial and residential real estate.

Potential Areas

Bhiwadi, Bahadurgadh, Raj Nagar Extension, Kundli (Sonipat), Faridabad, Sohna (South Gurugram), Dwarka, Yamuna Expressway, Greater Noida, and Noida Extension are some of the developing areas in Delhi NCR. In these areas, activities of setting up advanced infrastructure are running on all engines.

Investors in the real estate sector have a keen eye on these areas and potential investment opportunities to reap benefits within the next few years. Gurgaon or Gurugram has also contributed significantly to investors’ rising interest, with an influx of luxury retail brands and swanky corporate offices. Areas such as these have increased real estate investment opportunities in Delhi NCR.

Appreciating Investment

The real estate sector in India often witnesses ups and downs. Delhi NCR is one such region in the country, wherein the real estate properties are expected to appreciate over the next few years continually. This is most likely due to the ongoing efforts to set up advanced infrastructure in the region.

The rise in demand fuels the future appreciation of real estate properties in Delhi NCR is surely going to increase the value of NCR location. A rented house usually causes money to go down the drain, whereas money spent in a self-owned house becomes an asset. Also, the value of the home you bought today will appreciate significantly over the next few years.

real estate an appreciaiting asset
Appreciation in value of Real Estate Asset

Highly-captivating Commercial Sector

The most alluring feature of Delhi is its captivating commercial sector. It is expected to scale new heights over the next few years. Similar to previous years, 2019, too, witnessed growth in Delhi NCR in terms of area.

The increasing demand for Grade A offices from FMCG companies, banks, and IT companies is increasing rapidly. Retail stores have also witnessed a rise in demand over the past few years. These factors have reaped enormous benefits for property owners.

High Standard of Living

People usually move for higher education and change cities for jobs and opportunities. All this is done with the ultimate aim of achieving a better standard of living. There has been increasing real estate investments in the Delhi NCR region due to the rise in the influx of Fortune 100 companies, the development of advanced residential projects in Delhi NCR, and the advent of big supermarkets and shopping malls.

Over the past decade, people’s lifestyle in metro cities has changed drastically, owing to their increased income and the rise of luxury amenities.

Conclusion 

Delhi NCR is poised to become the most developed city in India. It provides promising amenities to its residents as well as MNCs. There has been an increased awareness regarding the understanding of rising demands in real estate properties, which has caused an increase in real estate investments in the region.

If you are in a state of dilemma regarding what to choose between commercial or real estate, you can read our previous blog. Property owners in Delhi NCR are hence, expected to witness a significant rise in their profits from real estate investments.

Properties in Delhi NCR
Real Estate Investment in Delhi NCR