Planning to Sell Used Construction Equipment – Get Valuation From Expert

Selling any used product is not as simple as selling any brand new product from the showroom, similarly selling used construction equipment may not be as simple as selling new heavy machinery. Thus the price of the new machine is fixed by the company while there is no fixed price for second-hand construction equipment.

A seller of used machine is not usually aware of what price they should sell their used heavy equipment, especially the people living in the rural areas as they do not have easy access to the big resale market. Due to lack of the organized market for selling used equipment, the seller ends up selling it at a very low price whereas its actual resale price could be higher.

In this case, the owner of the machine could not utilize or gain by selling the old machine. Here, an Expert can play the important role in providing the valuation for your used machines.

Until a few years ago, the used construction equipment market was quite scattered and lacked the professionalism while dealing with buying and selling any types of used construction equipment. Slowly this market started becoming organized to serve the resale market on the line of developed countries. Due to the emergence of online players like in India, it brought remarkable changes in the sector and empowered the sellers, especially seating in a remote area of the country.

The one of unique service introduced by the for the people is ‘Valuation Service’. In this service, the team of Experts from the industry helps the sellers to decide their machine’s market value on the basis of the current market requirement, trend, and condition of the machine which could help the sellers in deciding the resale price for their used heavy equipment. It helps the sellers get the maximum return by selling used construction equipment.

Various people already availed this service and gained the better return by selling their second-hand construction machine. The team of experts at provides the valuation for all types of used construction equipment including,   Excavator, Backhoe Loader, Wheel Loader, Crane, Motor Grader, Paver, Roller, Pavement Planer, Asphalt Mixing Plant, Forklifts, Milling machine, Compactors, Tippers and different others.

This service is available for people from across the country, even a seller seating in a remote part of India can avail it.

Besides the valuation service, this online portal also provides the platforms for buying and selling used construction equipment, renting services, Loan upon buying used and new construction equipment and also Insurance are provided to sustain a loss due to physical damage or breakdown of the heavy equipment.

Next time if you are confused deciding the price of your used equipment, you can contact with the for better valuation of your machine.


Real Estate Sentiment Turns Positive in First Quarter of 2016, Future Optimistic Report

India’s real estate sector has witnessed the positive sentiment in the beginning of  2016, the Real Estate Sentiment Index has jumped in the first quarter of 2016 after the five slow quarters, said a report prepared by industry body FICCI and Knight Frank India.

The Real Estate Sentiment Index has climbed to 53 in January-March 2016 from 48 in the previous quarter of Q4 (October-December) 2015. The sentiment was at the speak at 63 in July-September quarter of 2014, since then it has been declining continuously in every quarter.

“After a lull of five quarters, the overall sentiment has experienced a sharp up tick at the back of the Union Budget’s focus on real estate and infrastructure. Additionally, the Real Estate (Regulation and Development) Bill becoming (became) an Act has boosted the sentiment further since the sector is expected to become much more transparent and organised which in turn will benefit all the stakeholders,” said  Dr Samantak Das, Chief Economist & National Director, Research, Knight Frank India.

Real Estate (Regulation and Development) Bill, 2016 became an Act from 1st May.

The future sentiment of real estate sector has also jumped to 67 during the January-March quarter, the future sentiment in previous the quarter was 58 in Q4 2015.

Overall, there is a considerable improvement in the sentiments for the residential sector. The number of respondents with a positive outlook for the sector has gone up in Q1 2016. The pressure on unsold inventory has been reducing since the last four quarters due to the limited number of new launches, said the report.

Developers have been focussing on project completions, instilling confidence in buyers.

The benefits provided to buyers in the Union Budget 2016 are also expected to push demand further. Stakeholders are quite optimistic about residential sales, nearly 54% of the respondents believe that the demand will pick up in the coming six months.

The stakeholders have been optimistic about the Office market for quite some time now and the same trend has been reflected in this survey as well. Residential sector, on the other hand, has restored positive sentiment amongst the developers and lenders for the first time after four quarters, said Mr. Das.

Stakeholders are quite optimistic about the office market, especially in terms of leasing volumes and rental appreciation. Nearly 73% of the respondents expect the leasing volume to improve in the coming six months.

In view of the limited office supply and firming leasing volumes, stakeholders are of the opinion that the office space rental appreciation rate will be better in the next six months.

The north zone witnessed a substantial recovery in the future sentiment score in Q1 2016, said the report.

As sentiment has risen in the first quarter and future sentiment of both residential and office market is expected to grow, the sentiment will positively impact on the construction equipment industry if more construction related works take place in the country.

As per the PTI report, Union Minister Mr. Nitin Gadkari said recently that the government is planning to invest Rs 25 lakh crore over the next 3 years for the construction of roads, railway and shipping infra. The investment indicates very strong sign for the construction equipment industry.

Source: Information has been obtained from FICCI and Knight Frank India report, PTI

Bhopal to Receive Rs 22,000 Crore for Infrastructure Development

infrastructure-smallThe state government of Madhya Pradesh has decided to improve the infrastructure and aim to make Bhopal, an ideal smart city.  Chief Minister Shivraj Singh Chouhan has announced Rs 15,000 crore investments for the next five years for the development of the city.

Last week CM said “People who come to the state capital get swayed by its beauty. Rs 15,000 crore will be spent on Bhopal’s development in the next five years and a blueprint for this has been drawn.”

The total amount of Rs 22,000 crore will be spent to improve the infrastructure; another Rs 7,000 crore will come as a soft loan from the Japan International Cooperation Agency (JICA) to construct the first phase of 83 km metro rail project in Bhopal.

Bhopal is among 20 cities which have been selected by the government of India for the first phase of the smart cities project. As the city has been chosen to develop under the smart cities plan, the government is trying to enhance the greenery of the city and willing to invest in it.

CM has also announced Rs 100 crore for the infrastructure development of the state’s capital. This will be additional support for construction of flyovers at Upper Lake, Lower Lake and Habibganj.

Bhopal Development Authority (BDA) is also heavily betting on enhancement of city infrastructure, in the recently announced budget, BDA has aimed to improve Bhopal traffic system. The city development body proposed to construct two flyovers, one at Lal Ghati and another at Board Office square at MP Nagar.

Out of this Rs 15,000 crore, the government has decided to spend Rs 1,500 crore for the development of Hamidia road and new interstate bus terminal (ISBT) at Old Sabzi Mandi will be built to cater to the new demand. Old Bhopal areas have been ignored for a long period, now this area will be also developed.

Under the Smart Cities Mission scheme, the city will get Rs 200 crore in the first year as central government assistance and the following year it will receive Rs 100 crore each till 2019.

Huge infrastructure activities will be taking place in Bhopal and Indore due to proposed Rs 3 lakh crore economic corridor between Indore and Bhopal. Under this project six small cities will also be developed and existing four lane road will be converted into six lane road. Due to construction between two cities, connectivity, infrastructure, travelling would improve and help in generating employment.

Under the smart city scheme, the authority would invest and work to improve various areas like, better electricity supply, adequate water supply, construction of affordable housing, especially for the poor, better connectivity of information technology, improvement of hospitals, education system, better connectivity of public transportation, better waste management and sanitation system, e-governance and other.

Huge infra activities in Madhya Pradesh are a positive sign for heavy construction equipment manufacturers.

Source: Information in this article has been obtained from PTI, TNN, Supercorridorindore