Landmark Constructions & Developers pvt. ltd

24/06/2023

Solitaire Park Bungalow
Interior work of Hall, Dinning, Kitchen & stair case

24/06/2023

Solitaire Park Duplex Bungalow, Indore

4 Bedroom Bungalow
Personal Bore-well
Complete Fall ceiling include ( Kitchen & Bathroom )
Hall Furniture ( TV Unit & Sofas )
Wallpapers in Bedroom
Modular kitchen with Best in class
Jaquar Bathroom fittings
Camera & Invertor line
Air conditioner complete copper line
Glass Railing
Door & Window wooden Panelling
Domal windows
Premium Flooring 2.5*5 size
Covered Campus
Security Guard
Premium location 10min from Vijaynagar
5 min from Hospital, School, College, Shopping Complex Nearby…

28/11/2019

Unique Architecture

13/01/2018

16/11/2016

******Views of Noted Economists, Chartered Accountants, Investment Gurus and Finance experts on Effect of Demonetisation and other recent developments on Real Estate

Last few days there has been a surge of messages from "Whatsapp Economists" with the simple theme that real estate prices will fall drastically due to Demonetisation ie ban on Rs 500/Rs 1000 notes. Here's a 10 Point Summary of what actual experts with business and economic logic say:

1. Demonetisation will flood the Banking system with funds driving down both interest rates on Deposits and Loans

2. If Interest rate on FD is just 5-6 % interest on Home Loans will come down to 7-8 % (since Banks keep an 2-3 per cent margin).

3. Historically at such Low interest rates Real Estate industry gets a massive boost as property becomes attractive to everyone: Buyers, Investors and even that invisible category called Businessmen/Professionals.

4. Even when prices are same, Apartments come within reach of Buyers due to lower EMI on Loans due to lower interest rate

5. Investors find Investing in property more attractive than earning a paltry 5-6 % on Bank Deposit as simply buying and renting out gives them more return. PLUS they create an asset and earn appreciation over a period of time PLUS they get income tax deductions

6. Shopkeepers, Retail Malls, Corporate Houses and even professionals like Doctors, Consultants, CAs jump in to buy property as they want preferred location and once that's gone they may never get that chance again. So, they buy at the first available opportunity instead of waiting for prices to fall.

7. Demonetisation will see the most money flowing in banking system from people in the unorganized / small scale sector: Farmers, Traders, Tailors, Hoteliers, Beauty shop owners, Tuiton classes, small contractors, House Maids, Drivers, Security Guards etc. Crores of new people entering Banking system means that they will also be eligible to get bank loans and fulfill their dream of owning a house

8. Government will have money to invest in infrastructure as Banks will deploy lakhs of crores in Government Securities. With a few lakh crore at its disposal, Government can only boost funding to infrastructure schemes such as Smart City Mission, Swacch Bharat Mission, Housing for All etc.

9. New Airport in town, better connectivity to National/State Highway, Upgradation in City Transport all lead to increase in demand and prices of properties in the city

10. It is interesting to note that real estate prices show slower rise in countries which have a fully ready infrastructure like USA, UK, Japan etc. Whereas in a developing countries like India, there is a vast difference in prices in a City before and after creation of Infrastructure

Conclusion:

In the final analysis, recent developments such as passing of Real Estate Regulation Act, Demonetisation, Goods and Service Tax etc combined with Government focus on infrastructure will only serve as positive factors for growth of Real Estate industry

Factors of Real Estate Industry which get missed due to one-sided picture created by social media:

1. Real Estate Industry contributed 7 % to India's GDP.

2. Second Highest employer after Agriculture.

3. Real Estate Industry supports more than 140 allied industries from large ones such as Steel, Cement and Transport to cottage ones such as bamboo and rope making.

4. Real Estate Industry caters to the basic need of Shelter for every citizen.

5. As per Government of India, more than 90 per cent of demand for Real Estate Is in affordable and mid range category.

6. In era of mechanisation and automation, Real Estate is the only Industry which still continues to provide regular employment to millions of daily wage earners.

7. One of the only Industries which contributes large share of taxes at all levels of Government: Local Government ie Muncipal Corporations etc (Building permission charges), State Goverment (VAT and Stamp Duty), Central Government (Service Tax and Income Tax).

8. Investments such as equity shares, Commodities like Gold, Silver, Mutual Fund etc have seen large ups and downs. Real Estate is the only asset class which has given stable and constant one way growth over last several decades.

9. Real Estate has both value in use and value as investment.

10. Real Estate investment is the best investment from a very long term angle as taxation happens only on sale and in case of reinvestment 100 pc tax can be saved.
11. With Indian economy becoming increasingly urbanized, it is expected that more than 50 pc of India's population will live in cities by next decade. This massive change in demographic and economic profile of the country will give big boost to real estate over the 5-10 year horizon.

30/10/2016

Happy Diwali to all of u n u r respective families ..... Have a wonderful day n enjoy !!! Stay Blessed 😇

06/08/2016

Under-construction flat to cost more after GST Bill is rolled out


NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.

If you have already bought a flat but the entire payment has not been made, you will be charged tax at the GST rate on the remaining amount to be paid, which is likely to be between 12% and 18%.

Under the present regime, under-construction flats are treated as work contracts in which the land, goods such as cement & services are involved.

13/03/2016

Concept Beach house in sea !!!

29/12/2015

29/12/2015

Modern Residential House

15/12/2015

The pros and cons of the real estate regulation Bill

The good news: India’s cabinet has cleared a much-delayed real estate regulation Bill that is expected to help consumers move towards an accountable, transparent and fair deals in a sector notorious for delays, shortchanging, overpricing and worse.

The bad news: It still leaves room open for unforeseen problems of the kind we have witnessed this year in the floods that have ravaged Chennai.

As parliament gears to consider the Bill, perhaps it may be wise for lawmakers to see how approvals wrongly granted before a project takes off create huge long-term problems, for buyers and cities as a whole. It is better to be forewarned and forearmed.

There is no doubt the Bill passed for parliamentary consideration is a step in the right direction in an industry where builders are known to take the money from unsuspecting (usually middle class) buyers and then making them pay in so many ways – in time lost due to delays, higher interest payments on home loans, missed quality specifications and other aspects that violate the letter or spirit of purchase agreements.

The Real Estate (Regulation and Development) Bill, 2015 will create state-level regulatory authorities to whom buyers can complain. The authorities will be empowered to punish or prosecute developers. The winter session of parliament, which is already in a logjam over political tussles, seems to have slim chances of considering it. The Bill, first introduced in Rajya Sabha in 2013, has crossed a select committee and the new version is a reworked one.

In a separate legislation the housing and poverty alleviation ministry has prepared a Model Tenancy Bill, expected to be placed before the cabinet, that is aimed at an authority to register tenancy agreements with a special court to consider disputes.

Both these laws, if they come to existence, can encourage foreign direct investment (FDI) into a sector in which all said and done, a huge demand exists despite a current slump, though exorbitantly handsome profits may be a thing of the past for builders.

But here’s the fly in the ointment. Recent floods in Chennai and studies in various cities, especially Chennai and Bangalore, show that pressures on space have led to approvals for real estate projects in defiance of environmental objectives. Marshlands and lake beds have given way to apartment blocks. While these homes may be perfectly well-built and legal, how about roads, sewerage and drainage that are critical? As it turns out, even public health emergencies can result from shortsighted approvals. Perhaps the environment ministry and the housing ministry need to work together on this.

Last August, the environment and forest ministry finally approved a notification to define an ecologically-sensitive zone around Delhi’s Okhla bird sanctuary, giving a sense of relief to at least 90,000 home buyers in nearby Noida after the National Green Tribunal ordered that projects in a 10-km radius cannot be given completion certificates.

More than 70,000 buyers were affected by two NGT orders that stopped construction, while another 20,000 home buyers could not take possession of completed homes.

The NGT was basing its views on wildlife regulations put in place more than a decade ago and a subsequent Supreme Court order, but flat buyers in many projects froze on their tracks. They would have never guessed the regulatory threats faced by their would-be homes. Can authorities move to make sure such unforeseen risks are not faced by consumers?

Under the new realty Bill, an escrow account (a common parking place for funds) will be used to make sure that builders do not rob consumer Peter to pay Paul -- or liberally use funds for speculation. While this will aid consumers, single-window clearances for projects, digitisation of records and grading of developers may help create a culture of quality in the sector.

Buyers delaying payments and builders delaying hand-over of properties did not share same penalties thus far. Now, they will be made equal. Consumer courts will now be able to hear real estate disputes. Builders, apart from disclosing various details on architecture and engineering, cannot change designs or plans without approval from consumers.

But controversial environmental approvals may be a looming issue in future, unless steps are clearly made – because the real estate industry is often treated in isolation from larger urban issues including traffic, cleanliness and provisions for water and clean air.