A new year always bring new hopes and aspirations in the sector of Real Estate. 2017 is actually set to be big for real estate and the entire economy of India. According to Thomson and Reuters, India is the country that exists at the top of the list of preferred destinations for real estate investment in the eyes of major institutional investors. It is also the fastest-growing major economy, set for growth of 7.0% next year after this year’s projected 7.2%.
With the Indian government’s effective move to clamp down on black money hoarders through the ban on Rs 500 and Rs 1,000 currency notes is expected to have a good effect on certain pockets of the residential market in the country. The housing market is a center for the indiscriminate use of black money. Many developers, resellers, and homebuyers insist on having hard cash as a component of payment in real estate deals.
Another likely effect of the move is a down ward pressure on the interest rate structure. This would come as a relief to people who cannot afford the high EMIs on housing loans. In addition to these factors, many developers are also aggressively turning towards the affordable housing segment. This effectively opens up another avenue for those who find themselves priced out of the housing market in metropolitan cities.
Further, with many states likely to enforce the buyer friendly provisions of the Real Estate Regulatory Act, homebuyers can expect more transparency. This would also provide them protection from delays in construction and handover, as well as other unscrupulous practices employed by developers. In the following pages, we will outline the opportunities these developments are likely to present for homebuyers, and delve into the emergence of the affordable housing segment.
In addition, the real estate in 2017 will surely shed off the dark clouds and despite the slowdown; the country will pose a brighter picture. One reason behind the improvement could be the “Housing for all Schemes”. As the nation has completed 70 years of independence, still Lacs of people are staying on roads but according to “Pradhan Mantri Awas Yojana”, the mission of this scheme is housing for all, slum rehabilitation, promotion of affordable housing and subsidy for house construction.
This scheme mission providing a home to 100 cities till 2017 and this will surely boost up the Indian economy and till 2022 the scheme will be completed.
A number of initiatives have been taken to up grow the Future of Real Estate Investment and Indian economy. A big thank to P.M Narendra Modi to get the big brilliant step in World’s largest democracy India where many other attempts have been made to diversify its impact on each and every section and these attempts have gain momentum and surely the growth in real estate sector will help the other sectors to grow.
Migsun Wynn is another residential project by Migsun Group, earlier recognised as Mahaluxmi Group at Greater Noida. Migsum Wynn is based at Eta 2, Greater Noida, offering only 2 BHK and 3 BHK flats comprising of all kinds of modern day amenities. The project is offering best in class features in efficient price with a proper payment strategy. Apart from the alluring amenities, the location also proves to be an added advantage as it is close to all the happening places of the city. It aims at providing ‘a life above the ordinary’ with an environment representing the archetype of a big and modern city, where the people enjoy the urban lifestyle and finest ingredients of every sophisticated cosmopolitan living.
Building with more than 500 units of residences, Migsun Wynn focuses on a strategy to build residence where every kind of necessity of the modern world, the ‘luxury’ is present around the corner. If people dream of living in luxurious homes then they can live that dream with Migsum Wynn, all the essential things are close to its location such as colleges, school, shopping centres etc.
The layout of Migsun Wynn’s residences are impressive but the flats and the salient features make you want to get hooked on the new lifestyle. The apartments have several features like modular kitchen, furnished or semi-furnished flats,kids play area, amphitheatre, round the clock water, car parking, spa and sports club, and power supply, 3-level security system etc. Plus, the location is well connected with Delhi, Noida and Noida Expressway, Yamuna Expressway. With luxurious design,plus interiors and state of the art provisions the apartments offer ultra modern club house spread over 15000 Sq.ft, giving dedicated spaces for parties and social engagements.
24*7 security and power back up
3.25acres Central Park
2/3 BHK Apartments
High Speed elevators
High Street retail stores
Ultra-modern clubhouse spread over 15000 Sq.ft
Ample Parking for residents and visitors
Swimming Pool, Kids Pool Jacuzzi
“Experience an American lifestyle where every essential are around the corner.”
A sudden emergency situation occurred on 8th November. Overnight the higher Indian currency was nullified by a sudden announcement by the PM in order to clean out the black money of the country. The whole nation panicked, abruptly they become cash-starved, demonetization left people to snarl up in long queues. But people realized the greater good this move will accomplish in cleaning out black money from the economy in the long run.
Most of India’s business environment has been tremendously shaken up after this bold step of demonetization. However, Real Estate Sector is heading towards a bright future. It indeed has a positive impact on the sector.
Here is some beneficiary outcome of this bold move:
Reasonable Home Loans
Owning a home is going to be a dream come true for the people who cannot afford the high EMIs on housing loans. Banks are now overflowing with funds are likely to cut down 7-8% interest rates on home loans.
As the interest rates are going down on loans it will attract more middle -class genuine buyers. As people can not keep currency in cash form they will switch to beneficiary investments. Also, crore of new people are entering into the banking system, possibilities are they will also be eligible for house loans to fulfill their dream to own a house.
Hence, demonetization may prove to be a turning point in Real Estate Sector. Expectantly more consumers will now invest in quality homes from trustworthy brands.
We at Migsun are advocates of the traditional values which India has embraced since so long. Customer satisfaction through quality construction is our topmost priority. We work with a clean conscience and we are cautiously transparent in all real estate dealings. Agility and quick response towards needs of the customer relating to their investments is something we pride on. We are trusted by over 3000 families who are proudly owning their dream house. We make sure that money can’t stop you from fulfilling your dream of buying a home.