Investor Interest has increased in Affordable housing .

Investor interest has increased in affordable housing, but it needs to carefully consider.

Are Affordable Homes for you?

In the last few years, affordable housing became the silver lining for the realty sector that has given negligible returns in the last few years.

In Market Supply and demand.

In the last five years, real estate has witnessed continuous fall in demand, with the exception of affordable housing, which prompted some developers to launch projects in this segment.

“The significant trend is that the share of new affordable supply has been rising since 2015. Interestingly, due to multiple sops being offered by the current government and the rising demand from ‘real’ users, developers are launching more units in the affordable housing category,” said Anuj Puri, chairman, Anarock Property Consultants. As a result, since 2017, the share of affordable units has dominated the overall supply in the residential market—45% in 2017 and 40% in 2018, added Puri.

According to a half-yearly (July-December 2018) report by Knight Frank India, a real estate consultancy firm, “during the period, 60% of all launches were within the Rs.50 Lakh bracket and most developers are concentrating on the affordable and mid-range segment.”

Despite the launches, demand is still much higher than supply. Pradeep Aggarwal, co-founder and chairman, Signature Global, an NCR-based developer with maximum projects in affordable housing, said, in a recent interview with Mint, “Affordable housing witnessed a growth of 22% in sales during 2018. Even this number is not big because there are only a few developers in this segment at present. Demand is huge and supply is limited. Once more developers start offering projects in this segment, it will witness tremendous growth.” Read the full interview .

Most experts believe that supply in affordable housing segment will improve as developers are now focusing on the segment. “Developers have realized the potential of low and mid income ticket sizes and have been rationalizing product portfolio to match underlying end-user demand. The trend will continue in the medium term as well,” said Rahul Prithiani, director, CRISIL Research.

On the demand side, “we foresee affordable housing to be the key driver for demand in residential sector in the next few years,” said Nikhil Bhatia, managing director and co-head, capital markets, and head, western region, CBRE India.

Should you invest?

Whether it’s for end use or investment, capital appreciation is always a matter of concern. Like Dokania, many buyers feel there is scope of price appreciation in the affordable segment. “The multiple sops offered over the years not just lured ‘real’ buyers but also investors into the affordable segment,” said Puri.

Previously dominated by end users, the affordable segment is now also attracting investors who see the possibility of better returns as compared to other residential segments, including luxury and ultra luxury projects. Currently, even while end users are driving its growth, investors are eyeing it for decent returns, added Puri.

Various factors are expected to drive returns. First, some state governments have capped the sale prices by various housing development schemes. For instance, under Haryana government’s Affordable Housing Policy, a developer can charge a maximum of 4,000 per sq. ft from homebuyers. Apart from that, a homebuyer can avail a subsidy benefit of up to Rs. 2.67 Lakh under Pradhan Mantri AwasYojana.

Compared to other housing segments, additional perks on affordable housing makes it attractive. “Affordable housing is touted to be the major game-changer. The average returns an investor can expect on a yearly basis are 8-10%,” said Puri.

However, some experts believe that not all affordable housing projects are going to provide good returns. “Projects which are within city limits or in an already developed locality will do better, but such projects are limited. Projects that are in far-off areas will give approximately similar returns to other segments,” said Mudassir Zaidi, executive director, north, Knight Frank India.

If you want to ride on the affordable housing wave and want to invest in an apartment, be careful about the location and ensure the area has basic infrastructure. Also, compare the prices before settling for a deal.

For more information regarding the affordable property contact us :+91-8882335050 or mail info.futurerealty@gmail.com  Visit at  : www.futurerealtyindia.com

We will be happy to assist you !!

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GST Council to Consider 5% GST on Under-Construction Homes

GST Council to consider 5% GST on under-construction homes

The GST Council is slated to meet on January 10 to discuss lowering GST on under-construction flats and houses to 5%, as well as hiking exemption threshold for small and medium enterprises.

The council, in its previous meeting on December 22, 2018, had rationalised the 28% tax slab and reduced rates on 23 goods and services. This would be the 32nd meeting of the council, which is chaired by Finance Minister Arun Jaitley and comprises his state counterparts.

Briefing reporters after the recent council meeting, Mr. Jaitley had said that the next meeting would consider rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current 20 Lakh. Also, the council would consider a composition scheme for small suppliers, apart from discussing levying a calamity cess as well as GST rates on the lottery.

The GST Council is likely to consider lowering GST on under-construction flats and houses to 5%, an official said. Currently, the Goods and Services Tax (GST) is levied at 12% on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.

However, GST is not levied on buyers of real estate properties for which completion certificate has been issued at the time of sale.  An official said that this 12% GST rate ideally would have been partially offset by way of taxes paid on inputs by builders and hence the actual incidence of GST on under-construction home buyers would have been around 5-6%. However, builders are not passing on the input tax credit (ITC) benefit to consumers.

“One of the proposals before the council is to lower the GST rate to 5% for builders who purchase 80% of inputs from registered dealers,” an official said. Also the report of group of ministers looking into the concerns of MSMEs under the GST regime would be taken up for consideration.

Currently, businesses with a turnover of up to 20 lakh are exempted from GST. The Council could consider hiking the threshold to 75 lakh for only MSMEs.

“An in-principle unanimous decision was taken that a composition scheme be framed for small service providers. The threshold and composition charge would be decided in the next meeting,” Mr. Jaitley had said on December 22.


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Rof Galleria 95 Gurgaon Phase II (Commercial Project Gurgaon)

ROF GALLERIA 95 GURGAON PHASE II ( Commercial project Gurgaon ) !!

ROF Group to launching newcommercial projects ” ROF Galleria 95 Gurgaon Phase-2”

This project is very famous for  its open space , nature of development and enhancements, well outline, design plan,  Ready to move Affordable lodging free business and private tasks in area Pataudi  Road. this newly launched  commercial project in gurgaon sector 95 .offering Commercial complex shop starting size of these shops are 170 Sq.Ft  to 300 Sq.Ft .

The High Street Retail Shopping Complex at 95 Starting price is 9900rs./Sq.ft. on Ground Floor and 

on First Floor available price is 10900 rs. /Sq.ft. 

About Builder:

ROF is a top notch developer in private & retail real estate market to purchase, rent or lease high-class properties. We make state-of-the-art and sensibly valued residential, commercial, hospitality and office spaces available to you in Delhi NCR. We are one stop developers to help you buy a luxurious property at surprisingly low rates.

ROF Galleria Key points

Clean and green environment nearby many educational institutes and hospitals

Huge catchment population of over 6000 families residing in numerous 

Luxury Housing Societies in the vicinity

Unmatched Quality at attractive prices 

Easy access from all major roads Specification available.

It’s size of approx 100 square feet. Well Landscaped Township

Well design area of five acres including 800 residential apartments

Standard maintenance with 2500 families already living within the complex and nearby residents

                                     ROF Galleria First floor  - Floor Plan

Location Benefits of ROF Galleria 95

 5 mins drive friom Dwarka Expressway 

10 mins drive from Rajeev Chowk  

20 mins drive  from IGI Airport: 

10 mins drive ,In fact, Dhaula Kuan only 30 mins drive, KMP Expressway:

Manesar Industrial Area & DLF Cyber City nearby

Further, Railway Station 10 mins away

Proposed Metro and ISBT 5 mins away

Proposed Diplomatic enclave 20 mins drive

                                 ROF Galleria 95 Location Map Gurgaon

 ROF Galleria 95 Height lights 

Street level entrance 

Aesthetically floored and landscaped common areas

World class finishes and fittings in the entire complex

ZERO maintenance for 5 years

Lower electricity consumption due to ample natural light and ventilation in all units

First floor reserved for Modern Restaurants with terrace dining

Separate entry and exit for smooth traffic flow

                                           ROF Galleria 95 Ground Floor - Floor plan

                                       ROF Galleria 95 front side shops images 

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For more information please visit at https://bit.ly/2CS32Cc  or contact us at +91-8882335050
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We will be happy to assist to you !! | Future Realty India |

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OSB Golf Heights Sector 69 Gurgaon

OSB Golf Heights  Sector - 69 Gurgaon Affordable Housing project !!

          Good Sound ||  New Affordable project in Gurgaon Sector 69  || 

This is good announced in Gurgaon for the investors who is looking for residential property .

Recently a  new project is going to publish soon by OSB (Ocean Seven Buildtech )Group in Sector 69 & the project name is OSB Golf Heights Sector-69 is an upcoming affordable housing project, Gurgaon. 

Reputed builders Ocean Seven Buildtech Pvt. Ltd. is going to launch new affordable Project (OSB Golf Heights) offers 1 BHK &  2BHK apartments .

This project is developed land is 5.24 acre comprising a total 802 apartment out of which 5% are reserved  for management . One community Hall of (2000 Sq.ft. approx ).

This project is approved by developer M/S Ocean Seven Buildtech Pvt. Ltd.  With the RERA no 17/2018. License no 28 of 2018 . OSB Golf Heights  Affordable housing project having good green area with beautiful gardens , OSB Golf heights offering good location in Gurgaon  with easy connectivity to Sohna road and NH8.

OSB Golf Heights this residential project connectivity is really good just few minutes form Rajiv chowk and near to metro station and very close to Medanta hospital.

OSB Golf heights around 90 meter aside road. This project offering 1 & 2 BHK residential apartment in Gurgaon the available size from  (360 to 565 sq.ft. Carpet area.

Location Advantagesof Golf Heights 69

Just 600 meters distance away from Southern Peripheral Road

Also, Sohna Road is 1 km away

7 km distance far from National Highway – 8

Entertainment point like Aquarist Fish Aquarium is close to it

Moreover, Vatika Hospital, Ektaa Hospital,& many others are in the region.

Neighbourhood with leading banks like the corporate bank, CBI bank

Proposed ISBT Gurgaon is at 10 minutes drive reach

IGI Airport and railway station are 30 minutes drive away

Golf Heights Sector69 Amenities

Convenient multiple lifts in each tower

All time water supply

24/7 power backup accessible

Gymnasium having benchmark exercise tools

Greenery & play Ground for kids

Walking and jogging area all around the building

Ground for yoga and room for meditation

Excellent Landscape Park with blooming flower lane

Fire safety alarm alert

Rainwater harvesting

CCTV surveillance

OSB Golf Heights Price List

Unit Type	Carpet Area	Super Area	Balcony Area	Booking Price	BSP
1 BHK Type -1	360	446	86	75,150	14,83,000
1 BHK Type-2	362	448	86	74,550	14,91,000
2 BHK Type A	574	672	98	1,17250	23,45000
2 BHK Type B	565	664	99	1,15475	23,09,500

Floor plan

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For more detail please visit  https://bit.ly/2PGLPSu or call us directly at +91-8882335050 

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Supertech The Valley Sector 78 Gurgaon ( New Affordable project Gurgaon )

SupertechThe Valley Sector 78 Gurgaon

Supertech The Valley, the new affordable housing project by Supertech Group. The project will located  in a prime region of Gurgaon in Sector 78 on National Highway-8.Supertech The Valley Gurgaon is sprawling in an area of 9.06 acres consisting of 15 Towers with beautifully designed apartments. And, the project will feature in which there will 12-14 Floors.

Besides, Supertech The Valley Sector 78 Gurgaon features a plethora of modern and high-class amenities. This, in turn, will give the residents a life of comfort. Additionally, the project will offer the likes of Green Parks for Children and the Elderly, 24x7 Power and Water Backup, a Community Hall, Play Area.

About Supertech The Valley project

Supertech the valley Gurgaon comes to make your life cherish, all possible amenities have provided at a reasonable price. The group housing also considering the all-round development of children. Such as playing area, crèche along with badminton and basketball available there. In concern of health, yoga center, jogging track between parks and gymnasium make the presence in the society. To avoid the obstruction in lifts and other useful appliance, round the clock power backup has planned. Moreover, the whole project going with modern architecture for security, durability and nice-looking design. RERA No. 20 0f 2018

In fact, Supertech 78 Gurgaon consist of 1300+ spacious apartments. Besides, these intricately designed apartments will come with high-quality fittings and furnishing. In addition, the apartments will be designed in a layout of 1, 2, and 3 BHK apartments. Truth be told, the project will be built using some of the most advanced construction methods along with high-quality materials. All this, in turn, will give the project a modern architecture and an Earthquake-Resistant structure.

Amenitiesin Supertech The Valley Sector 78

 Offers Play area for kids.

 Cycle Track along with a Jogging Track.

 24×7 power and water backup.

 Rainwater harvesting system.

Community Halls and a CCTV

Children Parks and Senior Citizen Park.

Basement car parking.

Additionally, Yoga, Gym & Meditation Facility

Durable wooden door with lever handle lock

Well ventilating rooms

Granite and ceramic tile in kitchen

ATM Service in Township

LocationAdvantages of Supertech The Valley

Living close to NH-8

20 Minutes drive from Golf Course Extension Road.

Close to IGD, VPS Rockland & Shri Shivram Hospital.

10 Minutes drive from Hero Honda Chowk.

2 Minutes Away From NH-8.

Closely linked to many of the reputed schools in Gurgaon.

Very Close to VPS Rockland and Shri Shivram Hospital.

Price List

UNIT TYPE	CARPET Area (in SQ. FT.)	BALCONY Area (in SQ. FT.)	TOTAL Area(in SQ. FT.)	SALE PRICE	5% BOOKING AMOUNT	20% ALLOTMENT AMOUNT
1 BHK TYPE	350	66	416	14,33000	71,650	2,86600
1 BHK TYPE	357	101	458	14,78000	73,900	2,95600
2 BHK TYPE	571	65	636	23,16500	11,5825	4,63300
2 BHK TYPE	540	99	639	22,09500	11,0475	4,41900
2 BHK TYPE	464	87	551	18,99500	94,975	3,79900
3 BHK TYPE	645	95	740	26,27500	13,1375	5,25500

Payment Plan

Time of payment	Percentage of Total price payable
At the Time of submission of the Application for allotment	5% of the Total  Price
Within 15 days of the date of issuance of Allotment Letter	20% of the Total  Price
Within 6 Month from the date of issuance of allotment Letter	12.5% of the Total  Price
Within 12 Month from the date of issuance of Allotment Letter	12.5% of the Total  Price
Within 18 Month from the date of issuance of  Allotment letter	12.5% of the Total  Price
Within 24 Month from the date of issuance of  Allotment letter	12.5% of the Total  Price
Within 30 Month from the date of issuance of  Allotment letter	12.5% of the Total  Price
Within 36 Month from the date of issuance of  Allotment letter	12.5% of the Total  Price

Cheque will be in favour of “Revital Realtors Private Limited”

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For more detail  please visit at  http://futurerealtyindia.com/property/supertech-valley-sector-78-gurgaon/ or call us  at 8882335050 | Future Realty India |
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