Real Estate Trends in 2017-18: Are Flats Sales Up and Down? Is it Good Time to Buy Homes?

Everyone wishes to have his or her own dream house, which offers luxury, comfort and happiness. With the volatility in the markets, many buyers are confused if it is a good or bad time to buy the house. However, it is always a good time to invest in real estate, especially in cities like Chandigarh Tricity. Chandigarh is a well-known city because of its educational centers, IT and industrial hub in and around the city. The industrial growth and infrastructural development are attracting more people who want to settle in a flourishing city. Many top real estate developers in Chandigarh Tricity are coming up with various innovative projects to fulfill your dream of luxurious apartments.

The union budget 2017 has taken various effective steps in order to achieve the goal, which is set for real estate industry. Implementation of RERA proved beneficial for the property buyers, it works in favor of buyers. Though RERA supports buyers on various aspects, buyers need to make sure to associate with respected names in real estate. Most of the leading real estate developers in Zirakpur to the legalities and strive to offer the best to the buyers. The buyers need to talk in details and select a project, which suits to their requirements.

The GST implementation also influences the real estate scenario largely. Buyers were scared about the additional tax burden they have to bear while buying the flats. However, the buyers who want to buy ready possession flats can rejoice, as they don’t have to pay the GST, the builders will take care of it. The projects with OC will not attract any GST charge.

It is a good time to buy because there are a number of under construction projects, and thus many of them will be available at a very attractive discount, which can be advantageous for both buyers and builders.

If you are looking to buy 2 BHK flats in nearChandigarh or 3 BHK flats in Chandigarh Tricity, this is the right time as prices are expected to be on lower side according to the industry experts. There are ample projects going on in various areas like Zirakpur, Mohali etc where you can buy the most luxurious 3 BHK flats in Zirakpur to enjoy your dream life.

Industry experts suggest the buyers to invest in under construction flats by reputed developers. It will ensure quality as well as timely possession of the property for the buyers. Several well-known builders in Zirakpur are coming up with mind-blowing projects and one of those leading names is Highland Park Homes. To find your dream home contact the Highland Park to know more about the project. Most clean & green location of Zirakpur and thus offer you a wide range to choose from them.

Things to Check before the Deal Buying a House?

There are many factors to look for before investing in a house, including the bigger picture of security and connectivity. Every buyer should do due diligence in terms of verifying all the necessary and required approvals before finalizing his/her dream home. You should not miss out on the chance to invest in a good property. (Reuters)

Buying a home is not an everyday affair. People spend a lifetime’s savings for a house of their dreams. These days’ developers of new-age housing give endless options to choose from so that a homeowner has exactly those things in the house that the buyer intended to have from day one. From paint to floors, bedroom closets to kitchen cabinets, bathroom fittings to shower panels, builders these days look to provide every comfort they can to turn a house into a home.

There are many factors to look for before investing in a house, including the bigger picture of security and connectivity. Many times people buy property for investment and do not care much about an area even if it is not developed completely as they have ample time to wait and watch.

However, most middle class households invest in property to stay there. The things to look out for are accessibility and safety of the residential area, whether it has parks for children, or a market close by. Every buyer should do due diligence in terms of verifying all the necessary and required approvals before finalizing his/her dream home. You should not miss out on the chance to invest in a good property.

Here are top three factors to keep in mind while you choose a house:

Create your own database or list of homes you have heard of in and around your city. Visit the sites if possible as a visual idea speaks a lot. Research about developers and their past work, a good developer would have a positive review and will give you a clearer picture about their work and projects. Note down the luxuries and facilities each of the developer is providing and compare what fits with your preference.

Highland Park

Work out your budget and find out current property rates in the areas that interest you. There are possibilities that a rate might be high, however a project closer to that particular place might be in your budget. The best deals can be found if you do not work in haste. It is a big decision to work patiently and research well about the nitty-gritty of every investment aspect.

Check the neighboring areas and make sure the security provisions are good. New age homes are giving more than just a security guard at the main gate, they are offering home alarms, CCTV cameras, mobile access to locking and unlocking doors and much more. It is essential that a homeowner doesn’t just take pride in buying a home, but also gets the best facilities to ensure comfort in life.

The author of this article is Highland Park.

Highland Park Homes

If Your Flat Possession is Delayed by Builders

You may claim damages for alternative accommodation and interest on the payment made.

Buying a home is a big decision. Most invest their hard-earned money into buying a house. But what if we don't get possession on time? In such cases, the flat purchaser can file a consumer complaint for deficiency in service as defined under the Consumer Protection Act (CPA), 1986, against the builder. He is required to file a written complaint before the appropriate consumer redressal forum set up under the Act.

Consumer activist Jehangir Gai says, "Most builders never give the flat possession on time. Hence, if the builder delays it by even a day, the home-buyer should claim for his losses."

A delay in giving possession can be due to various reasons such as pending municipal approvals or some dispute. Or if property prices are rising, the developer may deliberately not give possession in the hope of making buyers pay more even if the agreement has been signed at older rates. This will not reflect in the sale agreement.

Delays can also happen if the developer is out of funds, or the bank is not ready to finance his project.

If your builder delays the possession, you can claim interest on the payment made till date.


Under the Ownership of Flats Act, 1963, the developer is liable to refund the amounts received, with nine per cent simple interest.

"The interest can range between nine and 18 per cent. Also, the interest is payable only on the amount that be proven as paid to the developer," adds Gai.


Ready To Move Flats in Zirakpur