When it comes to long-term investment then people try to go for real estate. Right? Buying any property or investing in any real estate is one of the best options. But, is it a good time to invest during such a pandemic time? The economic impact of coronavirus has been devastating, but the scenario has also dramatically improved for many industries, particularly the Indian real estate sector. Many individuals are now considering investing in property for their protection as well as receiving good returns in the future due to the pandemic. Unity group has a wide range of apartment options in the real estate field covering beautiful and luxurious apartments in Delhi.

The real estate sector in India is going through a remarkable phase of transformation and revival. In the weeks since Covid-19 prompted much of India to go indoors during the defensive lockdown, residential property in India has seen a big leap in demand from NRIs.

 

Reasons why you need to do Investment in central Delhi

 

A long-term investment is the best and safe investment and when you are planning to buy real estate property then investment in central Delhi will be the best decision. 

From being the major commercial hub of India, real estate property in Delhi is the hotspot for various investors as this place has all kinds of connectivity through the roadway, railways, airways, etc. The amaryllis covers some luxurious flats in Delhi which are in a prime location and are the best place to invest money. It happens that Delhi entertains people of all kinds. In this case, investing in property happens to be a great resort. 

 

• The first point that comes is the investor-friendly policies for better investments have been pushed by the government. For example, numerous IT-related policies have been announced by the government to make it easier to do business in the country. The government has implemented numerous FDI-related reforms in this regard and taken in more foreign investment. 
• Secondly, the primary motive for people to invest in Delhi is world-class infrastructure and institutions. Delhi is well structured and has something for all the sectors, with different corporate entities in place for established investor markets. Here, great interconnectivity with metros, buses, and cars serves as a great backbone for delhi’s economy.
• Thirdly, a major consumer market happens to be Delhi. The manufacturing and service sectors have recently become significant contributors to their economy.
• Finally, its skilled workforce makes it a renowned location in which to invest. In Delhi, you will find the best industry experts and professional employees who are excellent in their profession. The Delhi-NCR market is also a big corporate center, experiencing the private sector’s highest hustle-bustle.

There is a lot of real estate developer in Delhi who are providing affordable housing solution which can easily fit in your budget. Unity group has all types of property and luxurious flats in Delhi which can easily meet your needs and requirements. Don’t waste time, just make your investment a profitable one.

 

 

Real estate market can feel like getting into a big maze. Confronting with a sea of choices to choose from can get overwhelming. But, if investing in real estate was easy, everybody would do it. Fortunately, many of the challenges that consumers face can be eliminated with due diligence and careful preparation before a contract is signed. The trusted developers like Unity Group makes investment a breeze and an uncomplicated experience. We have curated a list of common mistakes that many investors do, so you can avoid them. 

• Skimping Research:

  This is one of the most neglected facets of investing in property. Before investing, you must first examine the market dynamics and carry out a detailed analysis of the prevailing property prices at the target property. Without sufficient awareness and comprehension of the business, you are more likely to be misled by brokers or dishonest agents.

• Credit Score:

  Nothing is as critical as reviewing the finances before entering into a new investment contract. If you’re looking to take a home loan, you’ll need to consult a bank to know your eligibility. Getting a decent credit score would help you get a lower interest rate loan and a longer repayment period. A credit score of 700 or higher is deemed to be strong and improves the reputation to get a loan.

• Total cost of Real Estate Investment:

  When investing in property, investors seem to ignore the added cost of repair, furnishing and monthly living expenses. There are property taxes, home insurance and duties incurred too. Considering these costs helps you make an informed judgement. 

• Developer’s reputation:

  It is advisable to look for a trustworthy property developer. In addition to global amenities and infrastructure, along with high-quality building and mind-blowing architecture, renowned developers like Unity Group will also ensure that development has earned all the approvals and permits needed for trouble-free handovers. They also ensure that ventures are RERA accredited for transparency in transactions

 

• Monthly Expenses:

  There are often two types of costs involved with the purchase of the real estate. The first is the obvious cost of the property and the mortgage you bear. However, almost every one underestimates the second cost, i.e cost of the monthly living expenses. Consider these thoroughly before investing. 

• Managing everything solely:

  Although you might have done a lot of transactions in the past that have gone well, the process may not run as well in a down market and asking for help after an unfavourable deal might not be too helpful. Real estate buyers must tap any available opportunity and seek professionals who will help them make the best investment.

• Seller’s needs:

  Although you need to be crystal clear about the particular needs and goals for the property you are involved in investing in, a smooth deal between the buyer and the seller is only made because the purchaser takes the time to turn his attention on knowing the other party. What we mean by this is that if you can get to know what the seller really cares about and what they want, it would be much easier for you to find common ground for successful negotiations.

 

Architecture holds a prominent place in the design language of luxury. Though a home is not complete without high-tech security technology, large rooms, a high-value address, it is the architecture that gives rise to the first sharp intake of breath – the feeling of wonder and awe that delights residents and charms prospective buyers. With large canvasses at  The Amaryllis, the scope for artistic embellishments is unlimited.

 

The historical luxury resided in palaces. Today, it may be a thing of the past, but recreating the same ambience in the architecture and interiors of today’s modern apartment projects is still envisioned, equipped with state-of-the-art facilities and modern technological advances. Functionality and design must blend seamlessly, and to achieve this is no easy task for luxury developers. 

 

Trendsetters exist not just in design, affluents describe luxurious living through their trendy and impeccable residences. Invariably ease, exclusive versatility and reliability are ideally coupled with grandeur, rich material spectrum and a touch of personalised magic. Luxury life is represented by plush with their discretionary wealth and global palate. They offer architects and planners the chance to access their imagination, resulting in spectacular built-up spaces.

 

Featuring an opulent style, a deluxe personality, and an understated elegance, the luxury modern residences by The Unity Group are an example of grandeur & extravagance, sustainability and natural kaleidoscope. Living in the heart of the capital has always been a huge aspect of luxury spaces and today the millennials are looking to stay away from the noise of urban life while saving time to commute. They want the best of both worlds and Unity Group has come up with luxury living in Central Delhi to appease this clientele. 

 

At the end of the day, this initiative reflects both the modern and the evergreen face of luxury – one where creativity and the nature of design and content have a major part to play, albeit away from the chaos of the city and its oppressive spaces.

Delhi, a city that beats politics, heritage, food, fashion, and culture in every heartbeat is a dream city for people to own home, not just for natives or people around the city, but also NRIs. With 3 crores people hustling in the city and working towards their dream goal and house, not everyone makes it a reality. Luxury homes are a dream for most people and living in one instantaneously elevates the lifestyle. Though the term luxury today is casually thrown around, almost like a gimmick of marketing; true luxury speaks for itself. Property is truly called luxurious which stands tall on all these parameters. The Amaryllis by Unity Group is one such property that checks all the boxes of luxury living in its true sense. Let’s discuss these dynamics one by one.

 

• Location:

  The key factor for any property to be a luxury is its location. The navigation and commute to major parts of the city, specifically airport and railway station are of prime importance. To have a beautiful home without reach is as good as having a beautiful Art that you can not access. 

• Experiential:

  Luxury is Experiential. Today’s modern rich buyers are more educated and more exposed than previous generations. Millennials, in particular, are less materialistic and more experiential. They want to add rich experience to their lifetime than hoarding objects of little to no use. To appeal to this generation, creating an exclusionary experience is even more important. 

• Comfort:

  Comfort and luxury go hand in hand. To create an absolutely luxurious experience, comfort has to take the top spot. Leading with comfort and penetrating through amenities and extravagance is the way to go. From everyday convenience to rare longings, everything must be looked after. 

• Exclusive features:

  Luxury spaces demands exclusive features and uncommon amenities. The unparalleled amenities like the Skywalk in The Amaryllis and the finest concierge at the luxury homes in Central Delhi are prime examples of that. The coveted club and the private cinema hall make for exclusivity.

• Quality:

  Quality takes precedence over everything. The best quality material and construction is as integral as beautiful architecture. Just picture perfect building won’t cut it, the quality goes a long way and is a starting point for defining luxury.

• Security:

  Safety needs to be top-notch at any luxurious property. With the biometrics home locks and utmost security at The Amaryllis by Unity Group, you’ll be forever at ease from the security point of view. 

 

The real estate world is quickly changing; with the inclusion of ubiquity-channel marketing, it is getting more robust and strategic. The extent of the possibilities that have come with these advanced integrations will not only shift the perspective of the sector from conventional to new but will drive the sector towards experimentation. Lockdown has trained us to be restraint explorers, while unlocking, on the other hand, is leading us to be vigilant and efficient. As companies are increasingly seeking to bounce back to their usual course of operation, a substantial number of remotely controlled professionals remains.

 

Platform Examination

People spend more than 70% of their day monitoring their phone and laptop screens. The propensity to surf the web for any little thing has become a smart solution for daily life. The generation of online leads and sales is a priority for any product and service. In the middle of all this uncertainty on the market, it is incredibly important to consider the USP of the commodity.

 

Choose the best digital tools

With restrictions on outdoor activity and the potential to calculate the success of the promotional strategies; modern technologies have substituted ATL and become frontrunners. Any of the options presented are Interactive Promotions, Backlinking via Instagram / Facebook Videos and Polling, SEO Tactics, Ask Me Some Sessions, Listings and Banner Advertising on High-End Product Pages, Live Video Meetings, Webinars. The alternatives come with a certain marketing strategy.

 

Promoting delivered projects

A well-planned Emailer Strategy will prove to be very successful in supporting the events taking place in the projects distributed. In addition to this, an immersive video showcasing the services present in your developments delivered, tenants explaining their home-purchase experience, project completion, and moving in. 

 

Highlighting legacy and collaborations

If the projects are spread through several venues, it is important to show the legacy you have of constructing homes and improved accountability with the work you have completed. Marketing strategies for a larger extent of penetration in the minds of consumers can be conceived and propagated to collect sales statistics. This can be achieved by the dynamic interaction of strategic strategy, versatility, and awareness about the use of modern technologies.

 

The largest contributor and employer in India, second only to agriculture, the Real Estate makes for 11 percent of the GDP approximately. The sector is expected to increase further as a response to the shift in consumer’s perspective and preference for homeownership.  Real estate is anticipated to contribute 13% of India’s GDP by 2025. Development in real estate would have a rippling impact on ancillary industries such as infrastructure and cement, leading to the growth of direct and indirect jobs.

 

Key Trends

 

• With the lockdown after the pandemic outbreak, the real estate market hit hard, with prices dropping down and construction workers leaving most of the building sites.
• Young professionals that have formerly added to the rental of Gurugram’s real estate groups are on the lookout for buying houses for both personal and investment purposes.
• Another development is the spread of automation, which has streamlined some activities and decreased labour dependency considerably. Technology service providers are expected to benefit tremendously as all real-estate companies are using upcoming innovations. 
• With sustainability gaining new momentum in real estate, eco-friendly developments and energy-efficient buildings are valued by customers.

• Real estate, whether industrial or residential, is perceived to be a comparatively secure asset class for investors. India’s rising economy and a strong customer base are conducive to investment in real estate. Renowned international architects are now looking to the Indian market and are partnering with leading real estate companies to design remarkable projects. The Amaryllis by Unity Group is one such project where the Italian luxury brand, Versace, has doled out its designing flair in the upcoming tallest residential structure of the city. 
• The situation of depreciating rupee and declining crude oil prices further articulates investment opportunities in India. Multiple work openings at Corporate Inc in India, work shortages on the foreign market and economic instability triggered by the pandemic would lead to NRIs seeking to return to their country.

 

Improvement Areas

 

• The exemption from stamp duty for long periods of subsidized accommodation could be a strong tool to improve the real estate market. While stamp duty is a source of revenue for the government, in the past, many state governments have increased stamp duty to 6-7%, which is not in line with today’s market realities.
• The launch of RERA in primary residential real estate was a groundbreaking development of India’s primary housing sector. But, the secondary market as an entity is extremely disaggregated and, considering the lack of knowledge, commodity standardization, and confidence. It is important to ensure that any agreement in itself is well established and that any violation of contract on the grounds of malfeasance can be deterred.
• The digitization of land records is a defining feature of the established real estate industry and should be a priority, as this will be the biggest factor in building a reputation to allow glitch-free investment in the industry, both nationally and internationally. This would also promote the large-scale construction of surrounding suburbs by private sector companies, generate direct and indirect jobs and raise the country’s GDP.

The 1% TDS provision on the selling of land was implemented in the 2013-14 budget to track underhanded property transactions. In force since June 2013, the Law stipulates that, in view of the selling of property above Rs. 50 lakhs in India, a tax of 1% on the overall amount for selling must be deducted before the payment is made to the seller. The purchaser must then deposit this 1% of the TDS to the Government. Both the buyer and the seller’s PAN must be asserted before filling out Form 26QB to ensure that buyers can not avoid taxes on the capital gains they make.

 

TDS is paid on the entire sale amount. This applies even if there is more than one buyer or seller. The Union budget 2019 suggested a concept of “immovable property consideration” to cover any payments in the form of club membership dues, car parking fees, power or water charges, repair fees, advance fees or all other charges of a similar nature. This shall refer to immovable property acquired on or after 1 September 2019. TDS on the immovable property to be charged using Form 26QB within 30 days from the end of the month in which the TDS is deducted.

 

Now, the question arises how to go about the payment procedure. The payment is made through Challan 26QB and both online and offline modes are available. There are 2 modes of payment on the form 26QB: e-tax payment immediately (through net banking facility) and e-tax payment at the next date (e-tax payment through visiting any bank branch office). If you can not pay online, an electronic receipt for Form 26QB with a specific acknowledgement number will be created for you, which is valid for 10 days. You can take this to any of the pre-approved banks. The bank will continue with online transfer.

 

And if you are a first-time user, register with TRACES as a taxpayer with your PAN card number and challan number recorded during payment. If you enrol, you will be able to receive the certified form and you will issue this form to the seller. It has all the information;  TDS certificate number, the name and PAN of the deductee, the date and duration of the purchase, the approval number, the date of the deposit and the TDS deposited.

 

After your payment has been displayed in Form 26AS, log in to TRACES. Go to the Download tab on the “Form-16B” tab and press “Form-16B” After verifying all the details thoroughly, proceed further. 

 

The Department of Income Tax receives the Annual Information Return (AIR) from the Registrar / Sub-registrar Office on a daily basis. From this paper, the department will ascertain if you have made a property transaction in excess of Rs.50 lakh. In case the payment has not been made, you can get a notice from the IT department. 

 

Real estate is one of the most important pillars of the Indian economy. The real estate sector contributes appproximately7.8% to India’s Gross Domestic Product ( GDP) and is second to the IT industry in terms of job generation. Thus, with numerous taxes already in place, such as service tax and VAT, with GST in the picture, the indirect taxation in this sector is remodeled recognizing its potential. 

 

The implementation of this tax law will, on its own, address the problems facing the real estate sector thus enabling it to emerge from its long dormancy. GST brings clarity in the operation of the real estate market, and the estimated price rise for new residential properties may be lesser than for new commercial properties. In order to minimise the cost of purchasing houses for buyers as under the previous tax system, they had to pay service tax and VAT on the purchase of residential units as sold before they were built, developers had to pay excise duty, customs duty, CST, entry tax which is non-creditable tax cost on their business side. But, with a single tax rate, developers can have GST production incentives charged for utilities and products bought by them, which will lower their expenses and will be passed on to consumers. 

 

In an effort to stimulate demand in the middle of a persistent recession, the government drastically lowered the rate of GST on property transactions. This could possibly cut the purchaser’s pay-out by 4-6 per cent of the total purchase. Although the government has already lowered the GST rate for real estate and there could be no scope for further lowering rates for the sector. But lowering rates for other goods and services could cause investment in real estate at a time when home prices have plummeted due to the economic crisis following the Coronavirus pandemic. 

 

Goods and services tax has made the housing affair cheaper, as tax chaos has had an effect on real estate prices. A reduction in GST prices and stamp duty charges along with a rise in the income tax exemption limit will definitely accelerate the demand among buyers during these tough times. Decreased ready-to-counter prices would come as a relief to help transform housing demand. As a result, the real estate industry needs concrete steps to resurrect demand and address the concerns of its stakeholders. 

Builders are also providing buying rewards, such as price security plans, flexible payment systems, and deals such as waiving stamp duty and licencing fees to guarantee purchases. Many developers are trying to sustain their margins and do not have too much room to further reduce costs. Lower prices are successful as they can help to minimise inventory, but it may not be the most attractive alternative. We hope that the Government and the Authorities can help Real Estate re-initiate the building activities so that by Diwali, it begins to recover.

Buy land, they’re not making it anymore. – Mark Twain, humorist and writer.  A simple yet thought-provoking quote exhibits the right disposition of Real Estate. In a world where humans are creating replicas of everything, the land remains untouched. We humans can only acquire a little space in this vast natural world. We can own land, but can never create one. The exclusive and distinguished asset that Real Estate is only can only be bought or inherited.

 

Real Estate is an asset that you buy once and reap the benefits forever, not only in this lifetime but also the succeeding generations share prosperity. It creates a regular flow of income and you can enjoy the gain without indulging in it daily. It can provide a safe and secure form of investment that guarantees substantial returns in the long term. Investing in Real Estate also gets you tax benefits and is a low-risk investment compared to others. 

 

Investing in real estate must be implemented correctly, with the appropriate understanding of the business environment and the type of real estate you are investing in. It calls for a large investment, based on the price of the property you want. You need a lump amount of cash in hand to buy a house. If you buy the property by mortgage finance, you will have to face the extra responsibility of paying the payments.

 

Investing in gold has always been popular in our country. And it does provide flexibility and lesser investing amount as gold can be purchased in small quantities. But, if your looking for long term benefits, then Real Estate is the ideal choice. Real estate investing will give you a regular monthly income if you’re going to have a rental agreement. The money earned can also be used to repay loans. The price of gold fluctuates and the value of your investment may decrease depending on the market conditions. Gold or real estate – which is a better investment choice depends on the financial condition and intent and whether you are able to lock up for a longer period of time with real estate or are you in a rush to reap the benefits and liquidity of gold. 

 

Buying your dream house is an exciting journey, from touring various places to imagining your life there before zeroing in the one. A new home brings with it a new adventure, a new lifestyle but also taxes and stamp duty along with others. It could be a daunting experience, especially if you are a first time home buyer. We’ll decode it for you so your property purchase becomes effortless without the taxation hassle as it is an integral part of buying a place. 

 

The Registration Act 1908

 

The Registration Act of 1908 obliges the purchaser of the property to pay the stamp duty at the time of registration of the property. By means of the registration process, the ownership of the property is transferred from the old to the government records in the name of the new purchaser. 

 

Rate

Stamp Duty and Registration Charges are two key factors that make up a significant part of the expenditure when purchasing a property in Delhi. However, with a view to growing home-ownership, the stamp duty in Delhi is held lower for women buyers. It is the government’s way of advocating women to own a house. There is also a reduction in the Stamp Duty and Registration Charges if you want to purchase a property jointly, a man and a woman. To be specific, the Stamp Duty rate for a male is 6 percent, while it is only 4 percent if you are a woman. In case you plan to buy joint property, the rate of Stamp duty would be 5 percent. But, the Registration Charges stay at 1 percent in either case. 

 

Factors

Not just varying rates for each gender, there are various other factors that affect the Stamp Duty Charges in Delhi. The location of the property is one such factor. The circle rate in Delhi for residential plots is dependent on the category of the location. Also, the purpose of the purchase matters. The stamp duty applied to a commercial property is greater than that applicable to a residential property. The age of the property also matters. As the stamp duty is imposed on the value of the property, the old houses, due to their low price, are subject to a lower stamp duty than the comparatively new ones.

 

Payment

E-stamp papers were introduced on 6th February 2012 in India and Delhi became the first state in the country to issue e-stamps. With the government implementing e-stamping, stamp duty must be charged by e-stamping in Delhi. Consequently, there are no offline networks by which this obligation can be paid. The e-stamp paper can be collected through selected Corporation bank or visit Stock Holding Corporation of India Limited (SHCIL), the agency appointed by the centre. If you are working through the ACC, you may also pay the stamp duty in cash. You may also pay the fund via check / demand / deposit / pay order / RTGS / NEFT / account transfer.