Powerful Real Estate Trends Foreseeing Future Housing Effervesce

The real estate is a budding scenario highlighting extensive growth towards building structural magnificence and architectural marvels. It is the pervasive support of big construction houses that India is witnessing edifices that are soaring high to meet exclusive demands. In fact, modernism seems to engulf real estate and squeezed it to bring out the juice of excellence. This scenario brought forward the concept of Indian property bubble that reflects assets indulgence. Ever thought as to what is this bubble? Definitely, not the one in bath tub. The bubble in Indian Real Estate is concerned with the specialized advice expressed by Indian economists in conjunction to housing markets that may witness upsurge or sudden downfall.

Certainly, the real estate business is not just about buying or selling properties; it is also concerned with analyzing market scenario and predicting the futuristic course of action. And this is the picture that has been portrayed by Indian property bubble. The entire development of real estate owes its success to the analytical power of the people and their need to explore constructional benevolence beyond horizons. In times of investing in the real estate business, do check out the prevailing consistency and the outcomes in the long run.

Real Estate cycles in India that Changed Scenarios:

The real estate cycle is considered as a coherent chain of persistent events replicated in economic, demographic as well as emotional factors concerning the supply or demand for property influencing the property market. Generally, one can consider 3 property cycle phases that can sum-up the entire scenario of Indian real estate.

•   Boom:

Rightly judged, it is the time period in real estate business that calls for rise in prices of the properties. Be it commercial or residential, the mounting prices affect the pockets and open gates for home loans as well as financial assistance. One can even witness constant increase in rental rates allowing people to consider changing authentications in terms of renting homes or flats.

•  Slump:

A section that emphasizes on fall in the property rates and forced sales, slump is notified as the Satan of Real Estate business. One can witness reduced cash flow for investors making them weak towards investing in future prospects. Moreover, getting access to property finance seems like a tedious task.

• Recovery:

Heaving a sigh of relief, the property investors starts getting cash inflow and a slight increase in the property rates indicating advent of “happy times”. Also, the time slot involved in selling assets reduces enabling investors to clinch the opportunities.

The business of real estate is like a game of chess because a careful move can save the king and a wrong move can clear it out of the way. In order to reap profit in this business, understanding the present trends and taking analytical aspects in consideration is mandatory. In the Indian context, there have been 2 main cycles that projected crystal clear picture of real estate.

1. The Period 1994 to 1999:

Considered as the initial or first real estate cycle in India, this time period witnessed tremendous growth in terms of industrial upsurge. Indeed, there were massive investments made in real estate business and developers started reaching out to NRIs for initiating them towards channelizing their funds. Also, the property rates shot-up directing people towards making extensive purchasing and selling. But, as said, every good thing has a dark side to it; this upsurge also had. Obscure information on real estate, increased interest rates and poor banking dissemination led to the deceleration of market scenario.

2. The Period 2004-2008:

Known as the golden period for a boom in the service industry, the growing need for digitization led to huge investments in economic zones and educational infrastructure. It was the new Telecommunication Policy 1999 and Information Technology Act 2000 that created a favorable investment opportunities. This enabled multinational investors to line-up for investments in Indian market. In fact, institutional real estate funding was seen as one of the primary area of speculation. The scenario was such that it had turned every buyer into an investor. Followed by a constant growth, the graph started shooting down like a polestar. Indeed, the bankruptcy of Lehman Brothers created a panic in the real estate market. But, gradually the market changed the side and showed signs of slight growth.

Real Estate Expectations from 2015:

The previous year observed a lot of breakthroughs that affected the real estate business. With lowering interest rates, getting property finance was much easier. Considering these facts, certain trends are expected to twist the real estate business for favorable outcome.

1. Investing in residential plots will be seen as a fashion in the real estate industry because they yield better returns than any other real estate sector.
2. South India will see significant upsurge in real estate development with properties in commercial and residential sector gaining pace. 
3. Heritage cities will get a chance to be a part of the modernized rate with real estate industares planning huge projects in them.
4. Industrial corridors in various cities will be seen developing into an architectural extravaganza with properties built to perfect.
5. With the advent of BJP’s affordable housing project, tremendous growth is seen in building affordable flats falling within the 40-50 lakh budgets.
6. Smaller properties will be preferred over large homes because they require extensive maintenance costs.
7. NCR regions will see exclusive development with enabling investors to take note of ready-to-move properties.

The Next Housing Bubble:

The future of real estate is predicted to be favorable as there is constant growth in the real estate industry in terms of education industry and purchasing of small plots. People have identified the prospects of housing bubble and foresee that it might burst in the next couple of years because of turmoil witnessed in information dissemination in real estate industry. This has mandated for a constant vigilance over growing trends and considering analytical predictions of property experts to yield beneficial deals.

Are Indians ‘Flat’ over the Flat Culture?

In the ever changing world, nothing is constant but space. The population is increasing, the wishes and desires of people are increasing, but the space available for them is just the same as it was before. Why do you think the culture of ‘havelis’ and ‘bungalows’ is perishing in India? The unmanageable population? The rising trend of nuclear families? 

 

Each of these reasons is a possible explanation for the increased demand of flats in India. People are preferring small 2-3 BHK flats in comparison with bungalows or duplexes. What has made Indians move away from the ‘luxury’ of bungalows to apartments?

The first one is obviously lack of space. India’s population is so high that if everyone settles for a bungalow, we would someday have to move out of our country for space. This necessity gave rise to the tall apartments that shelter many families in spite of not taking up much ground space. The problem of scarcity of space has been dealt with very well in this way.  Also, with growing culture of nuclear families, people started settling for smaller houses, flats instead of large ones. As it is, when you have a very large house, maintaining it requires a lot of time and attention. Not to mention an enormous amount of money. It is said that lakhs of rupees have to be spent for the maintenance of the bungalows on Alipur Road and Sainik Farms etc. in Delhi. So why not go for a comfortable 3BHK flat and spare ourselves the horror of cleaning and maintaining each nook and corner of the house? With more and more families having two earning members or more, the trend for a small cosy home has really shown magic with apartments being a big hit in many cities.

For nuclear families, as they are quite common, more than joint ones, buying a nice cosy flat is easier in monetary terms than waiting to collect money to buy a bungalow. As per the demands of the buyers, the flats can be bought in easy installment plans, without putting much pressure on the customer’s shoulders.

Another perk of living in a flat is that it makes you mix up with people from different cultures, states and religions. As it is, you do not control who is going to be your neighbour when you buy a house. And most of the times, the Residents Welfare Associations of different colonies organise any get together parties and other functions that allow you to mix with different families in the neighborhood and lead a healthy social life. People living in apartments together become like families, a feeling that is often missed in many colonies. And for today’s work-prone-recreation-deprived families, mix-ups like these are very important. 

Living in apartments also instils a feeling of security among the residents. It becomes very inexpensive and trouble-free to hire security personnel for the whole apartment, or to leave the children under neighbors’ care if something urgent comes up. 

Various real estate companies have undertaken projects to construct apartments in various cities in India. The Flat Culture is full-on successful in major cities, and it is growing every day to reach the innermost cities of India. And with years passing, the designs and architecture of these flats have become so less space consuming and efficient. People can build so beautiful homes in the limited space they have. Also, architects have come up with designs that make even small spaces look bigger and open. The culture has developed so much that every day new designs for construction are being approved in the remotest cities of the country.

One such company that takes into account all desires and dreams of the people while making designs is ‘Mona Townships’. All its ongoing projects, Mona Greens and Mona Greens II in Zirakpur, and Mona City and Jade Business Park in Mohali are perfectly suited to the desires and wants of its customers. Carefully planned and designed, Mona Townships’ Projects make sure that the residents of the flats have the time of their life during their stay in the flats. The interiors and exteriors are all set according to the expectations of the residents, making full and efficient use of the space and land provided. And the best part of it, is the location of the projects. All the real estate projects are situated in major areas in Mohali and Zirakpur, Mona Greens on VIP road in Zirakpur, Mona City on famous Khazar-Landran Road in Mohali and Jade Business Park in sector 90, Mohali.

 

 So if you really are ‘flat’ over the flat culture, and are planning to buy a 3/4 BHK flat in Mohali, Zirakpur and nearby areas, you know what and where to search for.

Go for comfort that you will always remember.

The Unmatched Confidence built over the years

The story behind the success of all achievers in the world is the story of confidence and hardships. The same goes for the achievers of Mona Townships, one of its kinds. The leaders behind the project of Mona Townships, Mr. Tejinder Pal Setia and Mr. Warangan Kr. Ralhan are the assets of the company. Three decades ago when they began with construction business, imagine the kind of hardships they must have gone through. There are so many things that go into paperwork itself. Experience gained in these three decades is what is coming out as perfection today.

Let’s have a walkthrough of the life of youngsters today.

Comparing the leaders with today’s youth.

When we youngsters face mess in our lives, we go on to create a fuss about it. Girls tend to become the drama queen and men store their frustrations only venting it out on the wrong people. We can well imagine the negative consequences of such behaviours. Creating drama out of a little inconvenience in their lives is the sign that they are not strong enough to face the hard facts of life. The young boys who easily get frustrated when work is not done according to their ways, their frustrations come out in the wrong shape. Today’s youth in general do not have much patience and want success at the earliest. For the youth longing for success at an instant, there can never be a guarantee of long term stability. Without creating a base or a foundation, the concrete walls is ought to collapse. 

The Foundation

Youngsters think that they can have their own ways of dealing with the success and success is all about money and just money. No doubt money defines power, but without re-defining your own skills the walls can topple down anytime. Money comes and goes, but skills can never be taken away from you. And that should be the motive of every youngster. On the contrary what they do is settle for jobs that are high paying, but is discouraging and atrocious making them feel as if the world of self respect never existed and yet they keep on working in the decrepit environment. The reason being that their bills are being paid and it’s solving most of their family issues. They don’t have enough courage to realize that their self- respect is being damaged by such jobs. To chase money is the work of a fool. Damaging the self-esteem has never done well to anybody.

Hard Work, from which many run away, thinks that easy money is the only solution. They have a mindset that lives are based out of luck and there is no prime importance given to hard work. There is simply no substitute to hard work. Instead work on skills empowerment, work on things that make you different from the rest, and the realization that there are just so many things in the world to explore your skills with. Even if getting an education is not under your budget, then keep improving the skills that you have and there will definitely be a market where you can sell your skills, then see the change it will bring in your personality and you can savor the taste of hard work.

This is what a foundation is defined as, for any person who is oriented towards making a good career out of their lives. Building up skills is the only foundation one can think of. For even constructing houses, the prime importance is to build the foundation without which the house will soon face its disastrous results; similar concept goes with the lives of human beings.

Willingness to endure 

Life has ups and downs, During the time of struggle when there is need for endurance, most of us back out at the thought of crisis. But that is not how it should be. For enduring with circumstances is when we know we have to become stronger. Running away from crisis can never be a solution to it. If life has its happy moments, it’s obvious that it has its own set of tough times.

Times, when we begin enduring the tough times is also when we get stronger and then we are aware that we can handle just any situations of life. That is how many leaders have taken risks, crossed the barriers and have stood through times easily. That is when stability and sustainability comes to play.

Experience Counts so does sustainability

When we commence doing any work, we are ought to face the nuances of the jobs that is assigned. Once we deal with a hindrance, the next time if a similar kind of hindrance needs to be dealt with it will not be a problem. Gradually there will be thousands of hindrances that need to be dealt with. If anyone quits while facing these problems, then there is no chance that one can reach anywhere. However, for non-quitters this is the sign of great endurance level which eventually begins to show signs of success.

Considering all the factors that go behind making great people proves that how these two great gentlemen, the chairman of Mona Townships, Private Limited Mr. Tejinder Pal Setia and Mr. Warangan Kr. Ralhan have reached the apex.

The progress over the years. Learning from mistakes, and never making them again enhances their professionalism. Over the span of three decades the projects in their bags are mainly concentrated in the Northern states especially Punjab. Projects are mainly concentrated near Chandigarh as seen below: 

Projects in Zirakpur:

1.     Mona Aero View - Constructions has been completed and is ready for the buyers to move in.

2.      Mona Greens – 2 BHK, ready to move in, 3 & 4 BHK, possession next month.

3.      Mona Greens – II – Full swing construction going on.

Projects in Mohali: 

1.       Mona City – Full swing construction going on.

2.       Mona Paradise Apartments - The project is sold out entirely.

3.       J90 – Latest project launched by Mona Townships

Considering the way they are scaling the ladder of success, we can only expect miraculous projects from them in the near future.