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When people look for a new home, it is no longer just about finding the right size and location. They want to buy into an area where there’s plenty of space as well as access to amenities such as schools, colleges so that their children can attend while they work from home if necessary – this has been spurred on by recent changes in society which have seen more individuals working remotely than ever before (or at least taking part time jobs). As interest rates remain low but stamp duty cuts make owning property even less expensive than usual these days; we’re seeing increased activity across all sectors except one: residential housing!

• The housing market was clearly slowing down in the first quarter of 2020-21 due to Covid-19. Residential properties registered a noticeable decrease during third, fourth quarters over average levels before pandemic.

 

• When the Covid-19 pandemic hit, it had a significant impact on economic activities in the country. The fact is that there was visible slowdown during this time period when housing market activity slowed down significantly from July 2020 – September 2020 and increased again by October of that same year following an official end to all quarantines across major cities with over 3 million population or more than one sixth of the global total at 4%. Residential properties registered per month reached pre-pandemic average levels between these two periods but only achieved about 60% growth rate while everything else like new home sales dropped dramatically under half their previous level.

With time, the housing market of India is reviving. A recent upsurge can be seen in residential properties as schools and offices are being opened. 

If you are looking for a property to reside in NCR, then what else is better than The Amaryllis by Unity Group! The Amaryllis by Unity Group has everything you’re looking for. Starting from its prime location to the amenities you get here, your right investment does it all. 

Developers dominate the real estate industry, and tough competition is always present. Each developer strives to offer better projects than the rest, whether it’s technology, infrastructure, or amenities, making it hard to choose the best developer out of the pack. 

Before you invest your hard-earned money, it would be best if you considered many factors. The property developer needs to meet several of your expectations, right from your budget to his deliverables.

 

Unity Group, since 1996, has been building success, working on the principles of transparency,  vision and commitment. Unity Group has earned a reputation as one of the most trusted developers in the real estate industry.  

Here are some tips for choosing a real estate developer.

 

1. Evaluate the developer’s track record

It’s the first thing that you should do. You must have all the pertinent information, such as developers, financiers and promoters. An overview of a project is always helpful because it helps to know who will make your vision come true. It is essential to take the time to look at the past projects with this developer to understand how they work together and their strengths so they can help make up for any shortcomings in other areas.

This step could save you from having problems further down into development, where everything becomes exponentially more challenging.

Unity Group’s success can be attributed to its ‘Zero Litigation’ business model. Through the philosophy of transparency, timely delivery, and customer satisfaction, Unity Group intends to establish itself as an industry leader.

 

2. Review necessary approvals

There is no need to cover all the legalities involved, but make sure to look into important factors like bank loans, land acquisition documents, and others. By doing this, you will ensure that any future legal complications will not affect the project.

As per the proposed sustainable design, The Amaryllis by Unity Group is slated to achieve LEED Gold certification (Green Building).

 

3. Talk with their existing Customers

Ensure that you verify with their previous customers and owners how well those developers delivered the project and how well they responded to customer inquiries.

Look at different platforms to see if users have left reviews. Contact them to learn more about the developers. This will also allow you to build a relationship with the existing owners at the same time.

Over the years, Unity Group has built trust & transparency with their clients, a symbiotic relationship. A profound focus on clients’ needs has led Unity Group to enjoy patronage by some of the leading names in retail, hospitality, financial services, and corporate sectors.

There is a lot of debate about the best investment opportunities for those who wish to increase their earnings manifold through investing in gold or real estates. For someone who is planning to make a short term investment or is willing to make an investment with limited cash in hand, investing in gold is a better option than investing in real estate. However, for someone with an eagle’s eye for opportunities and a willingness to gain solid returns on their investments, investing in real estate is a lucrative option. Here are some reasons why one should consider investing in the real estates:

 

Highly Secure– Although people mostly prefer keeping their earnings secure in a bank, it should be considered that banks will never take the liability for loss or theft of one’s savings. However, there is accountability in investing in the real estate sector because of Property Insurance, which provides protection against most risks to property, be it an accident, burglary, or any natural calamity.

 

Generates Income– Owning a rental property is a highly lucrative opinion if one is good with renovation skills and management of tenants. Investing in rental properties provides one with a regular income and there is also a chance of appreciation of the property with time. Unity Group has residential space available in Central Delhi, The Amaryllis which is a luxurious residential property that will only multiply in its value with time because of its modern architecture and amenities. Unity Group also has commercial spaces all across Delhi NCR. These commercial spaces have guaranteed high footfalls because of their location.

 

Deduction in Taxes- When it comes to earning more, the idea of paying more taxes comes as a baggage too. Investment in real estate becomes an all the more attractive option for those who wish to increase their earnings manifold due to the benefit of tax reduction. The benefit of tax reduction is given to an investor while investing in real estate because of the consideration of rental repairs, maintenance, cost of legal services, utilities etc. The Amaryllis by Unity Group is a luxurious residential project by Unity Group that gives investors an opportunity to save their expenditure on taxes.

 

Ideal for Long-Term Investment– An investment in real estate can be a settlement option for you. The properties in the real estate sector mostly appreciate with time and have guaranteed return on investment.  Also, while making an investment in other areas like gold can be a short term investment with immediate returns, investing in real estate has assured long term returns. The prices of gold keep fluctuating, but real estate properties, if bought wisely in a good location, is a lucrative option for investors. 

Unity Group has been successfully shaping Delhi’s skyline since 1996. It has painted Delhi’s skyline with colors of luxury, entertainment, wisdom, health, and success in various verticals. It is an amalgam of the various verticals it functions in. Each vertical is represented by a specific color that justifies its role in the functioning of Unity Group as a whole. 

 

The commercial projects by Unity Group signify the grandeur and power of Unity Group by painting Delhi’s skyline with the happy colors of entertainment and luxury. The Unity One malls located in Janakpuri, CBD Shahdara, and Rohini, along with Vegas and CityCentre in Dwarka are some of the commercial projects that have painted Delhi’s skyline with happy violet colors of entertainment and luxury.

 

A residential marvel in Delhi, The Amaryllis is the pride of Unity Group. Painting Delhi’s skyline with colors of strength and stability, The Amaryllis is one of the most iconic residential spaces in New Delhi. Situated in the premium area of Central Delhi, The Amaryllis offers luxurious 2/3/4/5 BHK apartments, close to the city’s main attractions like Connaught Place, India Gate, Airport, Rashtrapati Bhawan, etc.

 

Sprawling over Delhi’s skyline with colors of wisdom, Unity Group has constructed institutions that mould the young minds. VIPS by Unity Group create a holistic environment for learning in the education sector. VIPS also hones the business skills of the future entrepreneurs of the country through its learner-centric pedagogy and high-quality teaching. With child psychology based teaching aids and equipment, along with colorful air-conditioned rooms, Bon Ascent Preparatory School mixes learning and fun for the little ones.

 

Continuing to spread the colors in Delhi’s skyline, Unity Group has forayed into the hospitality sector with its budget hotel-Ginger Hotels in Vivek Vihar and Faridabad. These budget hotels offer a warm and comfortable stay and are equipped with amenities such as mini-fridge, LCD TV, air-conditioner etc. Continuing to build a new outlook for India, Unity Group is also planning on building a five star hotel in Vegas mall, Dwarka along with a business hotel.

 

Sprawling over Delhi’s skyline with optimism and creativity, Unity group has also made its contribution to one of the largest industries in the country, the automotive industry. Unity Group operates in car dealerships through Unity Hyundai.

 

Painting Delhi’s skyline with bright colours of health, Unity Group is coming up with a Multi-Speciality hospital spread over an area of 8 acres in Pitampura. It aims at providing world-class facilities and offering a conducive and caring environment for its citizens.

 

Unfurling the colours of success and determination over Delhi’s skyline, Aggarwal Marbles is a Unity Group venture that was established in 1984. Since then, it has grown boundlessly and is one of the largest importers & traders in Delhi. Aggarwal Marble has also been trading in quality Indian marble & Granites since the last 30 years.

 

Unity Group, with humility and gratitude, looks forward to spreading many more colors of success over Delhi’s skyline with its upcoming projects that will unfold opportunities for everyone.

 

Reduction in Circle Rates for 6 months will catapult the Real Estate Sector. The Delhi Government’s decision to slash circle rates for residential, commercial and industrial properties in Delhi has come as a huge bane for the real estate sector after the pandemic.

The circle rates have been slashed by 20 percent flat until September 30, 2021. The next six months will catapult the real estate sector and it will help the “fence-sitter buyers” to make quick decisions.

“The reduction in circle rates has been a long-awaited and highly controversial topic, especially for properties falling in “A” category, where the circle rate value of properties was much higher than the actual market value. The reduction in circle rates will incentivize property deals in Delhi. However, this reduction has been announced for a limited period of time and the government needs to address this with a long-term perspective.”

The pandemic has taken a toll on the real estate sector where the vacancy rate increased and there was a decrease in the occupancy rate. The decision to slash circle rates by the Delhi Government is beneficial for everyone and will attract new buyers to the market. “Market rates, which are invariably higher than circle rates, are nevertheless influenced by them as they act as a floor price for any property transaction. By bringing down the circle rate, the Delhi government seeks to create a conducive environment for accelerated housing absorption in the market.”

Although the reduction of circle rates is only for a period of six months at present, it is expected that the Government will keep in mind the interest of buyers and sellers of properties and address this decision from a long term perspective after looking at the benefits it provides to the nation’s economy.

2020 was a dreadful year that brought on some really unwanted and unprecedented situations before the real estate property market. The Coronavirus pandemic caused a severe cash crunch in the market. Where the prices of properties mostly remained unaffected in big cities, the prices of houses plummeted by 5% in many of the small cities. Many housing projects were shelved as there was an acute shortage of construction workers and real estate investment also fell down due to the lack of funds among investors. After enduring that storm, the sector is now looking towards a joyful recovery. We list some of the factors that could dominate how the real estate market might perform in India, in 2021.

1) Demand for Properties will climb up

In 2021, there are high chances of seeing a huge growth in employment opportunities across various sectors. As a result of this, plenty of people will migrate to cities. Ready-to-move-in properties will continue to be preferred over under-construction projects, as buyers consciously don’t want construction delays and look out for homes where they can immediately set up a comfortable and secure space of their own.

2) Continued low-interest rates

The Reserve Bank of India (RBI) has generously reduced the repo rate through consecutive cuts and now has left it unchanged at 4%, because of high inflation.  Home loan interest rates would, thus, continue to hover at the sub – 7% annual interest level for a large part of 2021. Buyers planning to benefit from a low interest rate regime must speed up and lose no time to complete the transaction.

3) Changes in workplace culture

This is especially true for IT/ITeS companies where the work-from-home model or the ‘hybrid model’ is increasingly becoming an integral part of their long-term strategy. Business CEOs all around the world are already looking to minimize costs and real estate sadly does become the prime target. The trend of consolidation at one place which was being considered by companies may now get realigned to the hub and spoke model. We may thus see smaller properties being taken up instead of single large offices.

4) Housing will prevail as the buyer’s market

India’s realty sector is going to remain a buyer’s market for the foreseeable future. This means, developers will have to be willing to negotiate deals, based on terms and conditions that shouldn’t be tilted in their favour. Amidst rising pressure on builders to shoot up sales numbers, they will also have to devise new strategies to offer cost benefits to buyers.

5) Foreign Investors will continue to bet on Commercial Real Estate

Foreign investment continues to be high on the rent yielding asset segment. Even during the lockdown, there has been good demand from foreign investors for quality assets in India, thus showcasing the confidence in the sector. Similarly, from an institutional investor perspective, REITs will continue to be the key theme and we will have more REITs hitting the capital markets in 2021.