How Far Is 39Housing For All39 Mission

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

The Modi Regime kept its promise to amend land acquisition law. The union government unveiled an ordinance to ease the process in defense area, rural infrastructure, industrial corridors and affordable housing. This ordinance made the relaxation in norms for purchase of land for affordable housing, public private partnerships, rural infrastructure and development of industrial corridors. This ordinance is welcomed by industrialists and financial experts.

Out of Box Ideas

The NDA government has pledged to provide housing for all by 2022 and this amendment is a step to achieve the goal. Urban Development and Housing and Poverty Aviation Minister Venkaiah Naidu asked the real estate sector for recommendations. To accomplish the mission, real estate sector has to come up with out of box thinking and ideas. Demand is huge and as per demand there are lots of opportunities for real estate developers to contribute in economy's growth. It is a rocket science for developers to achieve 'Housing for All' mission without losing the brand image. Recommendations for insurance investment and pension funds from real estate sector will also be considered.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

PPP Framework

It is the major challenge and government needs public and private partnership to meet the target. Government wants to link affordable housing with priority sector lending by banks. Government is also planning to make it single window clearance system. Discussions with concerned ministries and state governments are also going on to provide essential infrastructure to housing. A proposal has also been sent to finance ministry to provide a sub-window of minimum 3% for affordable housing with 40% priority sector lending allocation. Government is hopeful to find a solution for the delay in project clearances.

There has been a suggestion which is on higher recommendation that once the urban development authority gets clearance from environment department, no clearance should be needed for each and every individual project.

In accordance with the mission, various real estate developers are marching ahead with great ideas. Mahagun Group which is well known for its successful projects is leading with its zeal to provide accommodation for all. Recently the group unwrapped its new project Mahagun Moderne in Sector-78, Noida. The project fulfills the aspirations with respect to location, amenities, conveniences and luxuries. For enthusiastic young generation, Leander Paes tennis academy has also been established.The project will give you the taste of high class and promises to provide a blissful haven where you can relish all aspects of your life.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: December 28, 2017 — 9:01 am
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