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Showing posts from April, 2015

Bounce Back of a #realestate #industry in #Lucknow

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LUCKNOW:Waking up from a long spell of dullness, the real estate market in Lucknow city showed clear signs of recovery with the Stamps and Registrations department recording a growth rate of 72 per cent in revenue till Jan this year against the 41 per cent growth rate for the corresponding period during last financial year (CPLY). The office of the district registrar realised Rs 223 crore in terms of registration fee and various taxes  against the target of Rs 298 crore as on Jan 31 for the current fiscal. The real estate market in Lucknow hit rock bottom during the past couple of years due to agitations against state bifurcation, followed by elections and other uncertainties in the state, leaving investors hesitant to purchase plots and flats in Lucknow and other parts of the state. However, the improvement of the political atmosphere and a stable administration now, coupled with the hype over the development of the Heritage City into a smart city helped in the revival of the market. “…

How to get Real Estate Broker License in India !!!

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NOIDA: The UP government has planned to draft a new law to tighten the noose around fraudulent real estate agents so that interests of homebuyers are protected. A senior official in Lucknow said that under the law dealers are required to register themselves with a local government body and obtain a license for practicing.

The UP urban housing department is drafting the bill to regulate property brokers. "Once the draft bill is ready, it will be approved first by the cabinet and then passed by the legislative assembly to make it a law," said an official.

With the boom in real estate, especially in areas like Noida, Greater Noida and Yamuna Expressway, a large number of cases of property fraud and cheating have cropped up. "Usually police do not entertain such cases or have no means to bring the fraudsters to book. The bill will ensure that interests of the common man are protected stringent action is taken against unethical dealers," the official said, adding that whi…

CREATING BROKERS WORLD !!!

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Cementing Every Brick with Trust & Loyalty!!!
Money Bricks is India first and fastest growing Real Estate Company providing world class B2B services to all the segments of the industry. Whether you are a buyer or a seller of property, a local resident or a newcomer to our magic world of Real Estate, we are here to listen.Our agency service is rich in integrity and commonsense, high in results and customer satisfaction and low in stress and hassle for our clients.We are professionals of the highest standard. We do talk straight and don’t beat around the bush but we are nice people. We don’t shout about being the best, but quietly we suspect we probably might be! Why Money Bricks It is hard work choosing the right agent to sell your property. There are plenty of agents and agencies that will say just about anything to get your listing and then do nothing – until of course they come back to you arguing for a price reduction on your property so it sells itself with no work from them. But h…

New Real Estate Development & Regulation Bill !!!

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The  Union Cabinet has approved the Real Estate Development and Regulation Billalong with certain key amendments that will make way for setting up of a  regulator for the sector. The Bill and a uniform regulatory mechanism across the country are aimed at protecting property buyers' interest by bringing in much-needed transparency and accountability into the sector. 

Through the amendments, the Cabinet has extended the applicability of the Bill to commercial  Real Estate also. Ongoing projects that have not received Completion Certificates so far have also been brought under the purview of the Bill and these projects need to be registered with the Regulator within 3 months, the Union government said in a release. 

One of the major modifications to the Bill is not to allow promoters to change plans and structural designs without the consent of 2/3rd of consumers of a project. 

The Bill also seeks to make property brokers accountable as they have also been made punishable for non-compli…

How to Grow Real Estate in India !!!

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#Real Estate industry in #India is facing a downfall since last 2 years inspite of massive development and infrastructural Growth under the #Narendra Modi's leadership. So why this is happening, What we have been come across while surveying the same we found a big gap between #Builders #Brokers .  Brokers are sad as the market is down but they are not doing anything about it they are not selling at all because market is down. So if you don't sell if the market is down then how the hell market will go up. In the down market there is a opportunity for you to negotiate with builders for better commissions and work  hard to deliver. 
Now question arises why brokers are not selling at all , during our survey some brokers not opening their offices saying they don't have work to do so to cut the office expenses they are doing so. When asked why u don't have work to do they all started blaiming the #Builders , we found more then 83 % brokers gets less then 50% of their #Commissi…

Future of Real estate industry in Lucknow !!!

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With current population of more then 6 million and expected to cross 10 million by 2018 #lucknow is Ranked 7th most developing city in the world with the sanctioned #Infrastructure investments of more then ₹14 lakhs Crore. Hence, #Lucknow is one of the best city in #India for #real estate #Investments and future seems Bright with the following upcoming Projects. 1)Lucknow Metro by 2016 2)International Cricket Stadium by 2016 3)Lucknow I by 2017 4)IT City by 2018 5)Six lane express highway connecting Yamuna express highway by 2017 6)Asias Largest Amul dairy by 2019 7)Hightect Bus Stop 2016 8)More then 10 5 star chains hotel by 2017
And there are many more in the kitty of #Akhiles Yadav. 



Be a Smart Broker - Don't loose your commissions !!!

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The major problem faced by the brokers in #realestate industry in #India is not get paid the commissions committed by the #Builders #Sellers.As we being reasearching about the solution for the same we found many loop holes in 82% of real estate transaction we have seen so far. Inspite of being one of the largest industry in India this is still unorganised to this extent.  So be a Smart Broker dont loose on your hard earned commissions.  Here are some tips how to be a Smart Broker. 1)Do not List any property unless you have a duly signed MOU with detailed information of commission slab. 2)Committ what u can sell. Do not make fake commitments to the Builders /Sellers.
For more information on this kindly write us @info.moneybricks.co.in Follow us on Facebook.