Functional features in homes are becoming a hot favourite among Chennai homebuyers. This, along with other distinctive trends, is making Chennai’s real estate landscape stand out from the rest of the country. Here is a detailed report.
Usher in India’s festive season with a rewarding investment! Discover why realty outshines gold, silver, and luxury goods for long-term financial well-being
In the dynamic landscape of the real estate industry, the role of technology has undergone a revolutionary transformation. The amalgamation of real estate and technology, often referred to as PropTech, has emerged as a powerhouse driving innovation and reshaping industry practices.
Latest News: Stamp Duty and Registration Charges in Tamil Nadu. GPS-Enabled Photo Documents Will Be Mandatory from October 1, 2023 for Land Registration in Tamil Nadu’s Tiruchirappalli (Trichy)
Indian real estate market has always attracted the investments from its diaspora spread across the globe. NRIs have readily contributed to the Indian real estate market by purchasing residential and commercial properties in the country. In the past few years, numerous investment opportunities are coming forth in the market that is centered to cater to the burgeoning investment needs of NRIs. Out of all, real estate investment in India is viewed as one of the most lucrative opportunities that increases the returns multi-fold and diversifies the portfolio.
If you’ve recently invested in property in India as a Non-resident Indian (NRI) or plan to invest in real estate soon, here’s a checklist to ensure a hassle-free experience.
Godrej Properties is looking to add new housing projects worth about Rs 15,000 crore this fiscal year by purchasing land outright and by forming joint ventures with landowners
As technology continues to advance and corporate digital transformation takes centre stage, the Indian commercial real estate market is undergoing a revolutionary transformation. The demand for office real estate has witnessed significant growth in recent years, fueled by a confluence of economic factors, government initiatives, and evolving business trends. The rise of co-working spaces and innovative real estate concepts has further contributed to the market’s rapid expansion. Let’s explore the key factors propelling the office markets in India and their profound impact on growth and development.
If you like to invest in real estate then India is the place for you. There’s a huge population and since everyone needs homes and places to own, the real estate market is probably never going to go dry. But investing in real estate without proper knowledge is not a piece of cake, both for newcomers and veterans alike. Here are a few basic trends that could possibly help you in the right way, if you intend to invest in the Indian real estate market going into the next year
As we march towards 2022 with a pandemic-riddled economy, the industry is set to enable recovery with a new phase of growth, innovation, technology, and investment trends
The hybrid model, work from home, work near home and work from anywhere will prevail in the medium term. The impact on REITs, too, is expected to be marginal
House price rises in India will gradually accelerate over the coming years but undershoot consumer inflation at least until 2023, according to a Reuters poll of property analysts who expect affordability to improve
The fundamental headwind today is the uncertainty around the spread of Omicron, the new variant of COVID, as it has the potential of creating another round of disruption, he said
Commercial real estate in Chennai has seen steady growth in the past decade. Despite the coronavirus pandemic, the CRE industry has managed to stand strong. Read on to learn more about the evolution of commercial real estate in the city
Indians love to bargain. A shopping trip for an Indian consumer isn’t successful unless s/he manages to attain something at a ‘negotiated’ price from the seller. And the same applies to Indian homebuyers. If you have zeroed down on your dream house here are some tips to help every aspiring home owner get the best bang for her/his buck
Most NRIs have families back in India - but even otherwise, most non-resident Indians maintain a deep emotional connection with their homeland. The desire to own property is a defining characteristic of all Indians, irrespective of whether they live and work here or abroad. During the Indian festive season, many visit India to take the plunge
The latest report by Square Yards titled ‘India Residential Overview: Jul-Sep 2021’ captures the residential trends across the top six cities in Q3, 2021. The cities covered in the report include MMR, Pune, Gurugram, Noida, Bengaluru, and Hyderabad
Around 2,975 units have been launched in Chennai in the current quarter, contributing approx. 5% of the total new supply across the top 7 cities in India
Moving past the second wave of the pandemic, the commercial real estate sector is on the path of gradual recovery. Prior to COVID-19, the real estate industry was at its prime with commercial and residential activities in full swing. However, with the imposition of an abrupt lockdown in 2020, the real estate sector faced a slowdown in activities; and despite these hurdles, the industry has managed to overcome the challenges.
Real estate experts and key industry stakeholders are now started betting big on proptech being a major enabler and future growth driver for the realty sector
According to Motilal Oswal, as demand for cement was affected by the foreclosure, average prices remained stable in May. They are up 6% so far in the first quarter sequentially, driven by increases in the east, south and Maharashtra
Prestige Estates Projects acquires Ariisto Developers. On June 23, 2021, the Company has also paid an amount of Rs370cr, as the upfront cash as per the terms of the approved resolution plan
The impact of Coronavirus on the Indian real estate sector was stifling to the point that it brought property transactions to a near-halt last year when the nation went into a complete lockdown between March and June 2020. Since then, the market has taken several strides towards recovery, and just when it seemed the revival was not far, the country has been struck by yet another wave of the virus, this time, far more fatal. Experts say the recovery of the realty market in India could now prolong until 2022
The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on real estate for the foreseeable future, with the COVID-19 pandemic being the leading concern of the 1,000-member organization
While work may not be affected in such a scenario, tax implications have changed significantly for these individuals. If you're an NRI stranded in the country, here are five things you need to note, to calculate the taxes you owe the Indian government
Poised to be the world's third largest by 2025, now would be the time to invest carefully in long-term construction stocks as the sector prepares to resume a strong trajectory of growth once the current COVID crisis subsides
How the budget pans out for the real estate sector, only time will tell, but one thing is for sure, strong fundamentals are vital for the revival of housing demand
SICMA president N Srinivasan said cement constituted just 2% of the total construction cost, which could not have any impact on pushing the construction cost
The company's deposits registered a growth in the first half of the year and were at Rs 1,742 crore as of September 30, 2020, with a net accretion of around Rs 140 crore.
The department on its official Twitter handle said the action was being undertaken against a "prominent business group of Chennai having varied business activities."
The 62 km-long Outer Ring Road (ORR) in Chennai would be finally available for public use in November 2020 as the stretch between Nemilichery and Minjur is on the verge of completion.
The Phase 1 extension of the Chennai Metro from Washermenpet to Wimco Nagar is expected to become operational by the end of January 2021. The stretch will be opened once all the safety clearances are obtained from the authorities.
While revenue climbed 43% to 1.3 billion dirhams in the July-September period, the owner of the only Trump-branded golf course in the Middle East swung to a quarterly loss from a 60 million dirham profit in the same period a year ago.
The court said this while issuing a direction to the DVAC to conduct an inquiry into the properties possessed by a government school teacher who had obtained free pattas for himself and his family members.
After dilly-dallying for nearly two years, the state government has prepared a plan for allotment of houses built by Township and Infrastructure Development Corporation (Tidco). The government has directed district collectors and municipal commissioners to complete the allotment by December 20.
Sahara, once the sponsor of India's national cricket team, has been embroiled in a battle with SEBI over repaying billions of dollars to investors who put their money in a bond scheme that was later ruled to be illegal.
Raymond had entered into a lease agreement with its wholly-owned subsidiary Pashmina Holdings Ltd in March 1994, pursuant to which it granted a lease of four duplex flats situated in JK House to Pashmina for nine years.
A press release said projects executed through the Housing for All Scheme, those implemented under the financial assistance from the World Bank and Asian Development Bank for urban poor, were discussed on the occasion.
According to the Union Housing and Urban Affairs Ministry, it will help cities in better planning and moving towards data-driven governance that will eventually improve their liveability.
The company's deposits registered a growth in the first half of the year and were at Rs 1,742 crore as of September 30, 2020, with a net accretion of around Rs 140 crore.
Further, details are furnished periodically in Form 61 A to the income tax department in the event of transaction value of the property exceeds Rs 30 lakh.
In the early 2000s, when home loans were available at 6-7% and property prices were galloping at 20-25%, it made eminent sense to invest in an upcoming apartment project.
Rental for commercial spaces in Indore varies from Rs 150-Rs 250 per sq ft depending upon the area, said six real estate consultants mostly handling commercial properties.
If you want to revamp your home with the new lighting technology gadgets in 2020, then you must have to gather up knowledge of all the latest lighting trends so that you can be a part of the new era.
It was the third straight month of sharply higher sales after a record decline in April, when businesses were closed to help contain the coronavirus pandemic.
Geberit said its second quarter operating profit fell 20% to 161.9 million Swiss francs ($178.84 million) while net income dropped 24% to 131 million francs.
Tamil Nadu Hotel Association has requested the government to provide a rent waiver for the lockdown period, without which more hotels will be forced to shut down.
??Industry representatives said while some hotels have chosen not to entertain new guests, some have stepped up hygiene and sanitization measures which include a new form of greeting instead of the the earlier 'handshake'.
??Last month, Idukki district collector formed a special team to verify the land records of the 110 possession certificates which were issued in 2018-19.
Members of the associations held a meeting on Tuesday to discuss the issue. Hotel Owners Association president C Narayana Gowda told STOI that MCC’s decision was unscientific.
Revenue from operations came down to Rs 757 crore in Q1 FY21 as against Rs 1,469 crore in Q1 FY20. Total expenditure also fell to Rs 734 crore from Rs 1,367 crore in the same period.
About 70% of housing projects comprising apartment units in the Chennai Metropolitan Area are joint development ventures between owners and developers.
