Saturday, January 24, 2015

1BHK, 2BHK and 3BHK Apartments for sale in Arya Hamsa Located in J P Nagar, Bangalore

Arya Hamsa Multistorey Apartments Area Range 728 - 1518 Sq.ft, Located in J P Nagar, Bangalore offered with 1BHK Apartments, 2BHK Apartments and 3BHK Apartments.

http://bangalore5.com/project_details.php?id=1996

Description:

At Arya, Quality Has No Finish Line

We are passionate about providing well designed and affordable apartments with clear titles. ARYA Hamsa @ JP Nagar is nestled between Bannerghatta Road and Kanakapura Road, located off the NICE road an easy drive to electronics city as well as Mysore Road and Magadi Road ARYA Hamsa has a mix of 3 Bed Room Flats, 2 BR Flats & 1BR Flats / apartments with a plethora of amenities. Apartments are designed to offer you comfort and privacy.  

Tested at Every Stage

Arya Hamsa is distinctive from the word go. A variety of critical quality tests are done at regular intervals on site - before an during the construction. These are done both internally and through external agencies to ensure the highest quality standards.


Life Outside The Four Walls
You may run out of fingers as you count the number of amenities at Arya Hamsa, but you'll never run out of excitement. There are 14 awesome features to experience, including a four-floor 10,000 sq ft Club House. And we've ensured fun as the common keyword

Some of the Amenities are as Follows:

60 Seater Private Theatre
Jogging Track
Basket Ball
Pool Table
Swimming Pool
Library
Fully-equipped Gym

One-acre Landscaped Garden
Tennis Court
Table Tennis
ATM
Play Area
Multi-purpose Hall
Shopping Complex


In contemporary times of growing competition, heading in the right direction is not enough, "quantum" is important.  This paradigm shift in approach has affected practically all sectors and has been overtly evident in the housing finance sector.

The reasons are not far to seek.  The sector had just arrived on the financial scene when the economy went was put on the "reform" mode.  "Housing" was long identified as a social activity with predominant presence of public agencies as providers and builders of housing.  The cause of housing did suffer for this reason historically, as funds were not easily flowing.  With changing times, however, the demand-led market has clearly demonstrated the "economics" of housing.

Though the government has supported housing programmes, these have delivered limited results. The delivery has to come through the "people" themselves. Direct intervention through grants and subsidies under special housing schemes has fiscal implications and such funds have limited availability. Besides, targeting subsidies is always a challenge. The question, however, remains whether the market can be a credible substitute for direct government intervention.

There are sizeable gaps in the housing sector on account of inefficient and non transparent land markets.  The housing sector has inbuilt rigidities.  Supply responses do not come in good measure and are often distorted and artificial, which enhance the risk of funding the sector. As a result, smooth integration of the financial market with the "real" sector in housing continues to pose stiff challenge.  Financing Institutions are playing an important role in bridging these gaps.  Lending in the housing sector over the last decade has seen a growth of nearly 30-32%.

Competition has also led to greater awareness among borrowers about the opportunities and different market products.  With expectations of a decline in the interest rates to continue, nearly 80% of loans in the recent past have been contracted at floating rates of interest.  What is notable is that interest rates in housing finance have not only aligned with the general trends in the financial sector, but have also been influenced by the increased competition resulting in unprecedented price wars.

To attract customers, the loan size as well as loan to value ratios has also increased from the earlier levels easing the conditions for borrowers, though increasing the risk for the lenders.  Despite the positives, the lending volumes at the macro level are still too low for any sensible international comparison. These investments in housing account for a mere 2.5% of GDP. Enviably, this figure is 57% for the UK, 54% for the US 40% for European Union, 7% for China, and 14% for Thailand.  Unless these investments as a percentage of GDP are raised enough, we may not see the impact of this increase on the broader economic development.

Though the switch - over to a liberalized lending regime has brought in competition and efficiencies in the housing finance market, it has also thrown up challenges, viz. the ability of the market to cater to the larger segments of the population, including those in the rural areas.  These segments are out side / below the income tax bracket and the fiscal benefits are no concessions for them.  They are perceived as higher risk by lending agencies, who often charge higher interest rate and demand higher equity (borrower's contribution in the project), if they agree to lend.

In serving this segment, there are challenges of two kinds, viz., the housing needs of these segments are not clearly identifiable, and even if identification of demand could be possible, 'affordability' is a key issue. Though clearly, affordability is associated with the level of income and the capacity to pay the price for the product, what is still unclear is what kind of market oriented solution are we seeking to address the problems?

The government has a major role in ensuring that the "affordability issue" is dovetailed into the overall Sectoral strategy and the market throws up appropriate institutions, for tackling these problems.  State governments, too, are increasingly recognizing the role of the market as a provider of housing and housing finance substituting for the scarce budgetary funds.  A number of states are also actively pursuing the partnership mode with private sector agencies in the development of regions and construction of townships / housing settlements with appropriate spaces allocated for EWS/LIG segments.  On the demand side, risk mitigation and credit enhancement measures are proven tools for expanding credit availability to the underserved / unserved segments of the population.  

Mortgage credit guarantee/ insurance as an institutional mechanism is typically a market oriented measure for improving access and affordability of housing credit for the vast majority of the population.  It provides an incentive to the lenders in the form of protection against default from borrowers and acts as a confidence - building measure.  At the Sectoral level, it brings about greater discipline in lending, supported by specialized handling of risk, resulting lower interest rate on the loan, expansion in home ownership handling of risk, resultant lower interest rate on the loan expansion, in home-ownership among all segments and 'growth' with 'stability' in the housing finance system with balanced allocation of credit across regions and income groups. It improves the scope of social housing in a market milieu.  It paves the way for efficient securitization structure, resulting in cost efficiencies. 

Counter-guarantee by the government can go a long way in further reducing the cost of funding the lower incomes segment.  Two factors which have, in recent years, emerge as key drivers of the housing sector are the large number of stake holders and enhanced confidence in the housing finance industry. Mortgage credit guarantee reinforces both these components and is a potential institutional lever to multiply the investments in the housing sector and dramatically improve its share in the GDP.

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