DDA Housing Scheme 2014 Results

New Delhi: The wait is not yet over for DDA Housing Scheme applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for draw of the lots for the new scheme, which offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore, was November 05. However, it is now being scheduled for November 10.

Scheme closed on October 15 and has received over 8.5 lakh applications.

The eagerly-awaited DDA Draw of lots for the scheme can be seen online as the housing authority has decided to webcast the entire event.

The webcast would be available for "unlimited" number of online users through a YouTube channel.

Online visitors with partial or complete visual impairment can also easily access Delhi Development Authority's official website as the portal has been made disabled-friendly.

The ‘DDA Housing Scheme 2014’ was launched on September 01 and the last date earlier was earlier decided as October 09 but on account of overwhelming response and intervening festive season, DDA had extended the last date of the scheme till October 15.

The DDA website had crashed within a few hours of its launch on September 01, prompting authorities to upgrade its server to meet the “exponentially increased user traffic”.

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DDA postpones draw of lots once again in Delhi

Less than 24 hours before the Delhi Development Authority was to conduct the much awaited draw of lots for its Housing Scheme 2014, the biggest residential scheme till date, the land agency deferred the exercise citing inordinate delay during mock draw. The DDA had on November 14 announced that the draw of lots for the 25,034 flats will start on Monday (November 17) at 11:30 am.

However, on Sunday it announced its decision to postpone the draw without giving the next date. Earlier, the draw was to take place tentatively on November 5, which was then postponed to November 10 and then 12.

“A mock trial of the draw of DDA Housing Scheme 2014 was held today at Vikas Sadan in the presence of honourable judges and senior officers of the DDA. After the mock trial, the Centre for Development of Advance Computing (C-DAC) officials observed that the process has taken a long time to the tune of eight to nine hours...,” the DDA said in a press release.

It attributed the huge amount of time taken in mock trial to “large number of applications (more than 10 lakh), multiple categories of flats (more than four), multiple preferences for locations (34) and multiple reservations (SC, ST, persons with disabilities, ex-servicemen and war widows)”.

The civic agency further said the process needs more time for optimisation of data and the process of draw.

The DDA has called technical experts to check the process and give their opinion to ensure that the final draw does not take so much time and is free of technical errors.

“It was decided to give more time to the technical team, which has been working on the draw for the past 72 hours continuously and, therefore, the draw scheduled for November 17 has been postponed,” it said.

The agency said the next date of draw will be announced as soon as the technical team is ready for the draw.

The scheme is the DDA’s biggest ever housing scheme till date. For 25, 034 flats, the agency have received over 10 lakh applications. Most of the flats are in low-income group.

The land agency has made provisions for live viewing of the draw on DDA Draw Result 2014

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Goa Property Market Lures Investors

Goa's pristine beaches not only attract tourists, but are a haven for home seekers as well. Real estate brokers estimate that residential property in Goa commands high rentals along with good resale value. A well located, sea-facing apartment in Goa can get the owner as much as Rs 1 lakh/ month.

A construction boom has swept all over Goa. Many villas and apartments (on freehold basis) are coming up in the vicinity of Panjim, Mapusa and Calangute beach. Prominent real estate developers have announced some promising projects the city. Big players like DLF and Parsvnath have already launched exclusive residential projects in the city. Along side, builders like Acron (which caters to the select holiday-home buyer group) Araujo Home Makers, Sanatan Financers & real estates Pvt. Ltd have also commissioned some interesting projects in Goa. Real estate developers, Jai Bhuvan, are coming up with six luxury residential projects in Porvorim and Nerul.

Commercial property in Goa is also doing well. The city hosts some of the best five star properties. Small hotels also do good business as a substantial number of tourists flock the city all year round. Pentagon Arcade, by Jai Bhuvan developers, is a prominent hotel space. It includes showrooms (of the size of 120 sq mts and 200 sq mts) on the ground and first floor. Additionally, the developers have grand plans for a lavish conference hall on the sixth floor. Beside this, Sanatan Financers & Real Estate Pvt Ltd are coming up with a luxury resort called Kohinoor at Sirvoi. Another property developer Chowgule Real Estate and Construction Pvt Ltd has plans for a business centre at Miramar

All these facts just endorse that Goa Real Estate segment is already sought after. Areas like Anjuna, Candolim, and Calangate are the new zones of residential property. Soon the legalisation of casinos will bring in more revenue. Goa is about to spark off on the global investment markets. New property projects are launched every other day. Investments are pouring in from local people, HNIs, NRIs and developers and this makes Goa lucrative for everyone.

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Real estate: Investment opportunities in Goa

Goa 'the ultimate holiday destination', in recent times is emerging as the pre-eminent investment destination in India.

More than local investors, it's the foreign buyers who invest big time in Goa real estate, says Andrews, a broker source from Goa. The returns from investment in Goa in long term is considered very good. Stamp duty and other property taxes are comparatively low in Goa.

Beside, the tourists are also in the race to acquire their own home in Goa, since hotel industry in the state is booming and thus the cost of staying in hotels is quite high, so the people who visit Goa often are now vying to have their own holiday home in the state.

Adds J Dsouza, real estate broker from Goa, "Furthermore, this can be a good investment option as when they are not on vacation in Goa, they can rent out their property at high prices and can have excellent returns at hand." Moreover, possessing a seaside villa in Goa is a dream for every individual and it spells status symbol.

The cities laissez-faire lifestyle, adds an extra amount of appeal to this captivating destination. Rated as one of the best states to live in, Goa is a very peaceful place with lower rates of population, pollution and crime.

Real estate in Northern Goa is more expensive than the Southern districts of Goa, states Ashok Kumar a property broker from Goa, "South Goa is more at peace with nature and is best known for its scenic beauty, whereas north Goa is more youthful, high on night life and zeal."

He adds on further, "but currently the developments are taking place all over Goa, Southern district may not be that dynamic but it is catching up fast with many big real estate projects underway and quite a handful to be launched soon. The same goes for real estate in suburbs and peripheral areas."

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Modi Effect on Noida Real Estate

The Modi wave has made real estate sector to jump for the hope for revival in moolah of the under-performing industry. In order to bring in great transparency, The Noida Real Estate has sent proposal to Narendar Modi for the implementation of single window clearance.

Though it is one of the most sought after business in India, but it still it has not received that status and reputation which it suppose to be. The internal lack of coordination among builders and authorities has left it in a phase of darkness. Lately, real estate market has suffered a lot due to the uncertain political environment surfacing the country. The real estate players expect that the new government would ensure industry status to the sector which will ultimately ease the inflow of funds. Apart from this, due to government intervention the move will also ensure a better regulated framework and increased transparency in the business.

For a developer in U.P. it takes almost one year to get all necessary clearances, therefore developers expect from Modi that he will take care of all such issues and permit single window clearance for developing new projects. There is an urgent need to reform the approval process as state and central agencies act individually without any correspondence between them, which delays the project from kicking off. The ongoing multi-agency processing of projects adds 40 percent to the overall cost of the project.

In a current scenario, real estate market directly or indirectly employs lakhs of people and its demands cannot be ignored any longer. It is estimated that if a smooth and efficient system is put in place, the industry will be able to reduce prices up to 25 percent which will double the sales.

If the government implements such a scheme, the buyers will be benefited with affordable projects. Government will get profit from a healthy real estate industry as it will lead to an increase in state and central government's revenue by 100 percent and hike the nation's GDP by as much as 1.5 percent.

While the industry is pinning many hopes to the Modi government, it is all set to accept its own responsibility towards the growth of sector. As BJP's manifesto has promised housing for all, the builders are looking forward to work with the government in achieving that goal. The members and officials of CREDAI NCR have committed for its full support to the government's proposed ideas for making India a strong nation and a better society.

The real estate developers are hopeful that Modi's government will work towards the economic stability of country. They expect that the government will reboot the regulatory framework surrounding real estate and put a mechanism for fast-tracking the process of developing projects. This in turn will boost the confidence of stakeholders in the real estate industry.

After waiting for so long, Narendra Modi has emerged as the prime minister of India after garnering majority votes. The advantage is that 2014's NDA-led government is touted to be one of the most stable governments after almost two decades.

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The Merits of Investment in Real Estate in Noida

Owning property isn’t always easy, but there are plenty of perks.

 Buying real estate in Noida is about more than just finding a place to call home. Investing in real estate has become tremendously popular over the last fifty years and has become a common investment vehicle. The real estate market has plenty of opportunities for making big gains and we shall explore the benefits in details.

Investment in Noida real estate actually means to purchase property to achieve profits. The profits are comparatively more than other kinds of investment. It can be investing in condominiums, luxury apartments, commercial property, pre construction real estate and pre launched projects. The profits depend on the locations you choose.

 The advantages can be listed as:

 Appreciation: - The majority invests to gain profit on short term, long term basis. The long you invest for, the more the profit. In short, in real estate investment you always should be looking forward for good opportunities to invest.

 Rental income:-This is the cream for the ones who do investment in Real Estate. People who are looking for long term investment generally do not want to sell of their properties. They take the advantage of the situation to get an additional benefit out of it. The rent money acts to make the investors financially sound for further investments. In this scenario, the cost of the property also increases, plus you enjoy the periodical benefits of the rental.

 Location: - There is a section that likes or rather they look forward for investment in real estate at one of the most known locations with enormously expensive rates only of taking the advantage of the importance of the location. As in they would invest in Khan Market or Peddar Road than to invest in Shalimar Bagh or Sion.

Most Excellent Source of Investment: - Investment in Noida real estate is the best source of investment, if you are looking forward to invest in various sectors such as trading, manufacturing, education and obviously real estate. People with a vision usually prefer to go for investment in real estate as it is considered to be the safest of all the mentioned options. The benefits of investment in real estate will definitely get you more returns without much labour as compared to other sources.

Value Addition: - One of the important benefits of investment in real estate in Noida. If a person takes over an old property which can be a single or double storey and reconstruct it into a skyscraper, multi-storey building, he can earn limitless benefits of investment in real estate by selling the floors at extravagant prices.

Some Best and Affordable projects is also available for good investment in Noida such as Bulland Calisto | Prabhuprem Gennex City | Lotus Park Greens  | Ajnara Le Garden |

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Handy Tips for Noida Properties Investors

Nowadays, Noida is exceedingly booming in real estate market. But the real estate market changes time to time. However, there are some tips, which might help you to guide for easy and better investment. By following these tips, you will be able to have higher profit through your investment.

Noida Real estate market is a very large market. Every year numerous builders launch their new projects and offer you a variety of properties. Those people who are planning to buy a new property in Noida just wait for a write time. Always buy property when the price is low and sell it when the price is going up. While you're planning you must set in your mind that the property you are going to invest in is either residential property or commercial property.

Now the question which comes in our mind that why should we invest in Noida property.

Infrastructural Advantages

As we can see the improvement in Noida infrastructure for last few years. The Noida authorities have a number of plans for infrastructure development, some of them have been implemented and while others will be fully implemented, then no doubt say that the attractiveness of this area will definitely enhance.

Price:

In Noida, Numerous residential and commercial properties are available. If you are planning to buy property then first set in your mind the budget and type of property in which you want to invest. However, as demand of property is very higher than the price will be higher but still Noida offer several new properties that will definitely fulfill your requirement and fit in your budget.

Key builders and projects

Every year several new projects are launched in Noida keeping in mind all the essential needs of the public. The prominent builders like DLF, Unitech and Amarpali etc. are coming up in Noida to offer all luxury properties with outstanding amenities. These projects offer a number of two- and three-BHK apartments with marvelous facilities for the buyers.

If you want to put your property for rent or sell it later for profit than always consider the market situation. However, the rates for both residential and commercial properties will be different depending on the trends in real estate market. All these tips will help you from making any wrong move. As you know more about the real estate market and the strategies the better the chances of spending huge profits on it.

On this matter, you can take help from advisors and consultants to make decision safe and for good investments. But still if you are hiring any such agent or advisor, some background knowledge is needed on your part to make decisions better.

Here is the list of some best projects in noida according to the writer please visit Morpheus Pratiksha
Wave City Center | Prabhuprem GenNex City |Truvae Fragrance.

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