Five Myths to Bust before Investing in the Real Estate Industry

Purchasing a home is perhaps one of the most important and biggest financial decisions in a person’s life. You can’t go wrong in investing your hard-earned money. Even a small misconception could end up costing you heavily in the long run. We all tend to be extra cautious while going through this cumbersome process and do everything to make the right choices. And yet, many homebuyers are often misled by myths and misconceptions that float around. M3M India is India's No 1 Real Estate Company in terms of total sales, but this shouldn't stop you from researching before investing. 

While a homebuyer might come across a plethora of options and information during their initial level of research, it is up to them to dig deeper and filter facts from myths. This article will help you understand home-buying myths in India. 

Myth 1: Every project is covered by RERA

The RERA (Real Estate Regulatory Authority) Act, 2016 has been a relief for several home buyers. Unfortunately, most homebuyers believe that RERA covers all real estate projects and thus, it is safe to skip this basic check. This isn't true. It is vital to check if the project has been covered by RERA or not. RERA only covers projects with 500 square meters or more area or eight or more units. For a project to be RERA approved, the builder needs to register it with the authority.

Myth 2: Under-construction projects are safe now, thanks to RERA

Before RERA was introduced, a large number of builders defaulted on their under-construction projects and left many homebuyers in the lurch. This is the reason why people started opting for ready-to-move-in homes. However, after RERA came into effect, builders have begun completing existing projects instead of starting new ones. This sounds safe but doesn’t mean that one should place their trust in the builder. Even if the project is under construction, always monitor the progress of the work regularly.  

Myth 3: Subvention schemes are cherry on the cake

Subvention plans or no-EMI-till-possession plans are some of the latest and best schemes to attract home buyers. Under such schemes, a developer asks home buyers to pay 10-30% of the amount, upfront. Under a three-way agreement between the developer, the buyer, and a bank, the balance is paid by the bank to the developer as a loan. The developer pays the interest on the loan to the bank while the project is under construction. The bank then disburses money to the builder as the construction progresses. 

Myth 4: Investing in Tier 1 city is more beneficial 

Having a home in a Tier 1 city has its own advantages, substantial rental income is one. Rental income in metros is seen to be higher even if the capital appreciation of the property is lower, but one needs to decide if this is a beneficial trade-off. However, on the flip side, experts believe that Tier 2 and Tier 3 towns offer attractive options too. It is also a proven fact that these areas will develop with time and will ultimately offer return benefits as compared to projects in Tier 1 cities. 

Myth 5: Reputed Builders are safe to trust on

Even if you choose to buy a property from India's No 1 Real Estate Company, there is a huge difference between what a builder advertises and what is legally enforceable. What you hear from a developer may appeal to you, but you should always check the offerings thoroughly before investing. M3M India is a No. 1 Real Estate Developer in India and providing lots of residential and commercial projects nowadays for more details please log on to http://www.m3mindia.com/

Top 5 real estate companies in India

One of the most acknowledged sectors in the world is the real estate sector. This is a broad category and has 4 sub-sectors namely housing, hospitality, commercial, and retail. The growth of this sector is well supported by factors like the growth of the corporate setting and the demand for office space as well as urban and semi-urban housing.

 

With the best real estate developers in India creating many opportunities for their buyers to indulge in, the going cannot get any better for real estate investments in India.

The need to invest in properties never dies. Be it the festive season or times of recession, developers usually offer amazing deals to their buyers. They strive to lure in more investments with new project features and more attractive discounts. If you happen to be one such buyer who is seeking a dream home, then you have many smiles coming your way in the form of an attractive rate of bank interests, etc. 

More of non-resident Indian (NRI) investment is expected in the coming years from this sector. Currently, Bengaluru is the most preferred property investment address for NRIs, followed by Ahmedabad, Pune, Hyderabad, Chennai, Delhi/NCR, and Goa.

Whether you are keen to invest in real estate properties or have a desire to reside in the projects built by the best real estate developers in India, just go ahead with your plans as the right time has arrived!

The total size of the Indian real estate industry stands at Rs.12,24,000 Cr. Being India’s second-largest employer, the sector holds a prominent place in the country’s commercial system and any change may impact the economy.

Here is the list of Top 5 Real Estate Companies in India, which are presented based on the total turnover.

1. M3M India

M3M is now one of the largest publicly listed real estate companies in India, with lots of activities related to residential, commercial, and retail properties in India spceially in Delhi NCR. 

Revenue: Rs 24,00 Cr

Profit: 1,250 Cr

2. DLF Ltd

DLF is the largest publicly listed real estate company in India, with residential, commercial, and retail properties across 15 states and 24 cities. 

Revenue: Rs 7,766 Cr

Profit: 1,632 Cr

3. Prestige Estates Projects Ltd

Prestige Estates Projects is one of the best top real estate companies in Chennai. Having completed 210 projects across 80 million sq. ft., the company has reported 53 ongoing projects spanning 54 million sq. ft. and 35 upcoming projects aggregating to 48 million sq. ft. of world-class real estate space across asset classes.

Revenue: Rs 6,518 Cr

Profit: 423 Cr

4. NBCC India Ltd

Today NBCC holds the status of Navratna CPSE and has emerged as the undisputed leader in the construction sector based on its capabilities, innovative approach, adherence to the highest standard of quality, timely delivery, and a dedicated workforce.

Revenue: Rs 6,384 Cr

Profit: 227 Cr

5. Indiabulls Real Estate Ltd

Indiabulls Real Estate stands for excellence and luxury in residential and commercial properties. 

Revenue: Rs 5,015 Cr

Profit: 493 Cr

For more information about Best real estate developer in India, please visit at http://www.m3mindia.com/contactus.php 

Top 3 Properties on Golf Course Extension Road Gurgaon

The shift in the real estate market of Gurgaon in the Delhi-NCR region has become quite significant over the past few years. Along with the availability of best in class residential projects, there is continuous development in connectivity making Gurgaon one of the best choices to invest in the real estate sector.  

Upgrade in infrastructure development and expansion of civic amenities like Golf course road and Dwarka expressway is nothing but indicators of growth for the real estate market. There are numerous residential properties on Golf Course Extension Road Gurgaon that provide spectacular amenities that are worth investing in. 

To unravel a little, here is a list of the top 3 residential Properties on Golf Course Extension Road Gurgaon-

M3M Merlin

M3M Merlin is a meticulously designed residential project. It is professionally planned. This project is a perfect blend of style and elegance that provides complete comfort to its residents. It boasts of great interior design and architecture. M3M properties offer you a sense of serenity and calmness. Perfect interiors, unmatchable designs, and prime location advantages, at M3M, you will truly experience a luxurious lifestyle. 

Mahindra Luminaire 

Cocooned from the world, imagine a space that defines you, a space that speaks pure luxury! Built with meticulousness and unique features, Luminaire is just for a chosen few. It is a private retreat that soothes your soul. Luxury apartments in Gurgaon at Mahindra Luminaire feature wrap-around-balconies, corner homes, private lift, and a lobby that offers solace and comfort. Come; experience life at Sector 59, Golf Course Extension Road at Gurgaon, India.

M3M Golf Estate 

Enter the charmed circle of M3M Golf Estate that offers a magnificent picturesque of the surroundings. The creators of the project have laid great emphasis on building a joyful and vibrant lifestyle ensuring greenery and aesthetic environment to lift your spirit. Your constant quest for luxury ends here. The architectural structure of the Golf Estate ensures that the residents get everything they have ever wished for in an apartment.

For more information about M3M India, Please log on to http://www.m3mindia.com/

Check for these Five Amenities, Only then buy the Property

India’s no 1 real estate company

We’ve gone door to door, wondering how people decide which home to buy and where. There are mostly two kinds of responses we get. The first response is based on their personal preference. The second response is solely based on which real estate company can offer the best space based on those personal preferences.

How do we know though as to which firm is the best consultant and developer for a space to buy? After gathering responses during countless coffee conversations with families, around 75% of them came up with just one name on the block - the M3M Group. This group has been known to be India’s no 1 real estate company, covering a wide range of projects that span over residential and commercial properties.

Don’t they all have the same amenities in place?

Haven’t you heard of amenities time and again only to find, it’s the same everywhere? This would be the case but no one expects it any different or do they? Let us know in the comment section, is there an amenity you would like a real estate firm to have? An amenity that would encourage you to buy the property – a kind that no developer has yet come up with.

Let’s give an overview of the type of amenities you should be looking for before anything else. We’re going to divide them into relevant and luxury. Sound fair?

1. Relevant Amenity – Hospitals – Close proximity and connectivity to Medical Facilities. If it’s nowhere close to the project you are considering, continue searching. Emergency strikes before you know. At times like these, you don’t want to be caught unaware with a long road to conquer.

2. Luxury Amenity – Gym – Not yet a relevant amenity, however soon-to-be. With the rising need for fitness and longevity, including the need to look awesome; go where the dumbbells are! This is that luxury of life which you should not be ashamed to ask for.

3. Relevant Amenity – Security – Don’t skip this one. Make sure you fish around deeper into checking how good the security is. Of course, in most cases, security is present but it doesn’t hurt to ask around about the number of personnel present on the property, inside and out.

4. Luxury Amenity – Gardens – Yes, this has become a luxury amenity because they are hard to find. Greenery somehow manages to lift our moods and create a safer vibe. This is because we as humans, no matter how much we crave for the concrete jungle, nature will always dwell within. Plus we need the oxygen.

5. Relevant Amenity – Connectivity – Now public transport need not be in abundance like the crowded cities out there. However, the presence of trains, buses, and taxis will help save excessive use of petrol by private cars. So, transport mixed with easy connectivity can really make a difference. Work, friends, relatives and more – all become easier to meet and manage when connecting through transport and yes connectivity.

This is how you know that you’re in the safe hands of India’s no 1 real estate company if the above amenities are included among whatever they offer. Rest assured, the other types of basic necessities need to be checked like 24/7 water supply, electricity, waterproof cement, and property documents, among others. We should have made a bigger list. Don’t worry! Part 2 is coming up soon. Stay tuned! 

For more details about M3M Group and want to know further on M3M properties in Gurugram, please log on to http://www.m3mindia.com/