Tuesday, 20 December 2016

Go Digital, Go Cashless – Let’s Explore the Advantages of Going Cashless

After the much-debated ban on the high currency notes by Modi Government, a big segment of population is left confused over the idea of cashless society. ‘Will it be beneficial or is it going to be a big trouble?’- This is the common question that seems to perturb everyone in search of a better living. However, if you are also baffled enough to get to a single verdict, you have come to right page! This post is giving you the chance to explore the common benefits and drawbacks of going cashless.
The advantages:
Huge cut rates- Although the idea of going cashless has raised a glut of concerns among people, the announcement of a number of lucrative discounts on digital transactions has actually opened a new slide for the entire country. The recent abdication of Rs 2,000/- on the service tax is one of the best incentives ever declared by the Government. A great medium to promote digital transactions, this exclusive step has also introduced a spur of freebies and concessions. So, if you are looking for a good saving, nothing can be better than making the best use of these deductions. From the railway tickets to the highway toll, a digital payment can actually save your pocket to a great extent. Moreover, the cash back offers of the digital wallets have perked up the cash flow to a significant level.
Smart and easy – The convenience of monetary transactions is one of the main advantages of going digital. Standing in long queues for money withdrawals will just become a myth as soon as the Government makes digital deal a compulsory choice. Apart from being smart and easy, it will also come to the best use in any case of emergency.
Minimum risk factor- With the top-rate advancement of technology, blocking a credit or debit card is no longer a challenge. When getting your stolen money back becomes more than impossible, blocking your money wallet or the monetary cards takes no less than a minute! Also, with the proposal of launching biometric ID cards, it’s going to be much safer as well as risk-free.
A disciplinary method – Better budgeting is always one of the most important ways how you can improve your cash flow. The concept of going digital will help you keep a better track on your spending and give you a clear sight of your budget. The top-end applications for digital transactions will give you an exact detail of your expenditure at the end of the month, thereby seizing the chance for budgetary leaks.
The pitfalls:
No good for the tech-unsavvy crowd- In a developing country like India where a greater segment of people are still illiterate and making their living as laborers, the concept of cashless country is nothing but a threat. Also, the elder people who are not much acquainted with the modern technology may find themselves out of the loop. So, digital transactions may prove out to be a curse for many of them who need more time to be familiar with the technology.
Lose your phone and you will lose everything – As digital transaction is completely reliant on the applications of smart phones, losing it can really make you face a number of hurdles. It will not only leave you helpless, but can also lock you out of the world, as you will not have any other payment mode to adhere to. Also, you have to keep your phone charged for the maximum time, as doing otherwise can get you in serious trouble.
Extravagance – Researches show that people having physical cash are less likely to misuse money than that of those who prefer to opt for card transactions every time they purchase things. Thus, according to the financial experts, using cards will lead people into more recklessness.
Also, the threat of cyber-attacks can never be ignored and hence, to suggest a cashless economy, the Government has to consider all the benefits as well as the drawbacks simultaneously. Still, to conclude, going cashless has a lot of advantages to offer for the expediency of common people as well the Government.

Monday, 19 December 2016

Explore the Undeniable Effects of RERA

After Rajya Sabha came up with the new Regulation and Development Bill in 2015, both the home buyers and the developers have seemed to be highly benefitted with this much elevated move. Apart from alleviating the home buyers’ concerns, the Real Estate Regulation Act (RERA) has also brought in huge transparency in the entire real estate sector.
Bringing much optimism to the investors and the builders alike, this improvised real estate bill is expected to stride out a long run and perk up the fund flux into the sector.  The growth of the industry is highly reliant on the confidence of the home buyers and RERA, as a much appreciated amendment, has not only heightened their belief, but has also eased their anxiety to a great extent.
Here are some of the obvious effects of RERA that are widely appreciated by one and all-
Approval is mandatory- Suppose, you are looking for an investment in Pune and according to the new bill, your application, as a builder, will only be accepted when there would be all the essential approvals to your conferral. Nevertheless, the authority has all the clout to reject the plea, in case there is minimal incongruity found in the process. It will not only steer to a required increase in the investment of the builder, but will also improve his interest cost.
Listing of project – After the implementation of RERA, it has become mandatory for every developer (having a land of minimum of 500 square meters) to have their projects registered under the Real Estate Regulatory Authority. As the listing process is likely to take a considerable amount of time, the builder will be unable to place the entity on sale, thereby picking up his interest cost.
An overall change in the system – With the new bill suggesting a world of changes in the industry, the builders are bound to go through a number of alterations in the way real estate has worked till date. Apart from customizing their dealers and constructors, they have also become quite strict on the appointment of experienced staffs and top-notch professionals, which has led to nothing but the improvement of the overall real estate business.
Insurance for land is essential – As per the new inclusions, every developer has to grab insurance for the land as well as for the erection. Although, the insurance companies are still not aware of the exact type of cover declared by RERA, but they are likely to get acquainted soon.
An improved liability for five years-  Gone are those days when the builders were the only body to repair all the damages, in case there was any defect within five years from the date of possession. However, after the implementation of RERA, both the homebuyers and the builders are accountable for the same, which has imparted much precision to the process. The new projects in Pune are now completely under the surveillance of RERA.
Any delay and it has to face the impact – The new act says that a single delay by the developer may make him endure a lot! Before the execution of the act, it was only the buyers who had to undergo all the torments even if the builders were at fault. The new RERA act makes sure that the developers are accountable for every commitment they make. The property’s possession date cannot be changed under any circumstances or the builder has to face the penalty for the same. Also, any sort of phony activity by the builders is going to be completely banned. As for example, the developers doing fake advertisements for the properties in Pune are likely to answer for the unsanctioned ventures.  
According to the top honchos in the industry, all the loop holes in the system will get fixed shortly as a strong impact of RERA and the entire sector would witness a sturdy growth in the recent years.

Thursday, 15 December 2016

The Most Common Challenges and Solutions for Indian Real Estate

Indian real estate sector being one of the most promising segments in India is quite likely to face a number of challenges that might turn out to be a hurdle in its growth. Thus, being aware of the solutions is not only important for the real estate honchos, but is also beneficial for the overall development of India’s economy. Especially, with the stumpy per-capita urban infrastructure and the rising population in the high urban areas, the growth of real estate has been restricted to a significant extent. However, this is not an ultimate threat and has a number of solutions to tag on.
Below are the most common challenges faced by Indian real estate –

• To ensure the long-term growth of the sector, it’s always necessary that there would be a good liaison between the state bureau and the central ministry level. There are many instances where the dearth of required policy framework has been the main reason behind a sea of real estate disputes. Inadequate discussions between the state and central level result in nothing but a drawn out sanction process.

• Shortage of land is again one of the most common challenges faced in the industry. Despite a good demand for the residential projects as well as the commercial projects, the scarcity of land not only inflates the property cost, but also results into a rise of the overall outlay of the project.

• Adverse taxation policy has often been accountable for a number of property rows. With the inclusion of a variety of sales taxes like VAT and stamp duty, the ultimate sales price seems to swell up to a considerable extent and brings an unaffordable property into existence.

• Last but not the least; the lack of top-notch technology is often seen as the prime reason for several delays, which ultimately decreases the property value to a big extent.
However, the Government has started taking a number of initiatives and it’s expected that these special ideas would take the real estate sector into the right track. Some of the best edges taken by the Government are as follows –

• The inception of Reits (Real Estate Investment Trust) has brought in a number of modifications in the whole system and seemed to impart much transparency in the way real estate sector operates.

• The fact that Reits holds the power to enhance the investors’ profile has earned more constancy in the income source, thereby imparting a considerable mellowness in the real estate sector.

• Also, with the running stride of time, a number of tax holidays have been proclaimed by the Government and it has left a direct impact on the growth of Indian real estate sector.

• Finally, with the Government declaring an investment of Rs. 97,000 crore on the transportation, the chance of several real estate activities has automatically been increased.
Moreover, with more and more people leaning towards urbanization, there is a broad prospect of growth for the Indian real estate sector.

Tuesday, 6 December 2016

Reasons Why Do You Need a Real Estate Agent to Find Yourself a Home?

Are you looking to buy a flat or an apartment in Pune? However, with the Internet spreading its reach beyond the bar, it’s quite natural for you to come up with a notion like ‘why to hire a real estate advisor and make a hole in the pocket when you can get all the information right there in the Web itself’? Well, this is the common question that may perturb every one of them looking for a new property. But, taking the right move is not as easy as a cakewalk! There would be a lot challenges to overcome and a plethora of hurdles to face. However, the best way you can overcome every obstacle during your search is by hiring a real estate advisor and let him help you throughout the process.

This is how the real estate advisors can come to your best aid –

The fact that an advisor has been in this domain for years has made him capable of providing you with everything you are looking for.  Among a sea of choices, it really becomes difficult to get the best home on board. The real estate advisor has the best property knowledge to his conferral and he can help you find the best property from a myriad of options. Buying a new home involves a lot of chores and being a na├»ve in this domain, it’s not possible for you to be aware of all the nitty-gritties of the process. This is where the real estate advisors can extend their helping hand and ensure your best experience. Investment in Pune can now become much easier with these kinds of professionals in action. 

As a buyer, you are always likely to have a lot of personal preferences like wooden flooring in the living room and master bedroom, modular kitchen with hob and chimney and many more could be on your list. In such case, a real estate advisor can help you short list number of properties with all these specifications. This will not only help you overcome the hassle of visiting en number of builders, but will also get you your dream property.
The real estate advisors are likely to know such information that is not out to public by the builders. And, especially, if you are relocating to a new place, getting familiar with all the relevant details of the neighbourhood is just next to impossible. A trained real estate advisor, with all his acquaintances, will help you in a professional manner.
You may have a misconception in your mind that consulting advisors is way more costly and why should not we directly approach the builders. Now it’s time for you to know that the advisors are paid from the builder’s end which is considered to be his marketing cost and this is the reason why you do not have to pay out of your pocket for the deal.

Fourrwalls.com takes immense pride in coming out as one of the best real estate advisory portals. With helping the home buyers through all the important details of the project, the experts of the portal not only fulfill all their requirements, but also aspire to provide them with an all-integrated service. 
So, before you start hunting for ready possession flats in Pune, contacting a reliable real estate advisor will be the best decision on your part.

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