India is slowly emerging as a real estate powerhouse of the world. Reaching new heights, the real estate sector, at the beginning of 2020 was hit by the Covid-19 pandemic. But now as economies around the world are reviving themselves, this sector too has met with a renewed vigour, and the demand for properties is at an all-time high, claim leading property developers
These investments are likely to be driven by broad-based growth on the back of a low-interest environment, continued monetary stimulus, improving revenue visibility across asset classes, and inclusive growth policy
As per the recently shared reports, the residential and commercial real estate sector in India would have a more stable year in 2022 compared to 2021. There is an increase of 5% in residential real estate rates while the recovery in the office sector is expected to keep rents stable in the coming year
Opposition parties have urged the government to focus on job creation rather than investment or selling land, given J&K is facing a massive unemployment crisis
The pandemic has played a significant role in changing the perception of home-ownership for all, especially for the NRIs who look to own a home in their native place
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long up cycle
Minister of Housing and Urban Affairs and Petroleum and Natural Gas Hardeep Singh Puri on Monday said that Real Estate being the second largest employer in the country, with the multiplier effect will create innumerable opportunities in Jammu and Kashmir
The year 2022 is expected to cross $5 billion mark, which was witnessed by the Indian real estate annually during the 2017-2020 period, showed a JLL India estimate
The fifth episode of ‘On The REcord – Decoding Realty’ titled ‘Country Roads, Take me Home, An NRI Exclusive’ was aired on 17th November 2021. An expert panel shared insights on factors that NRIs should focus on when buying realty in India for living and investment purposes
Tata Housing Development Company (THDC), one of India’s leading real estate development companies, announced its pan India festive campaign ‘Right Home, Right Now’. the Designed keeping in mind customer expectations such as low interest rates against the backdrop of economic slowdown amid the second wave of the pandemic, the campaign will focus on easing the buying journey of the home buyer to provide a grand home buying experience with unique offers
Artificial intelligence has emerged as one of the biggest disruptors and game changers in the real estate landscape today, enabling a strategic, and empowered buying and selling experience
Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy
Project developers are offering freebies like free furnishing, easier payment terms, lucky draws and cars to home buyers, and have rebranded old projects, which will boost sales, experts say
Imagine standing on your balcony, sipping your coffee, and looking at the long stretch of city lights. That’s the benefit of living in a high-rise apartment
North Facing House Vastu Plan is an auspicious direction as per vaastu shastra. The north direction is meant to be for Kuber, the God of wealth, according to Vastu
The regulatory environment has dramatically evolved over the last one year. Favourable norms for investors and end-users, with increased transparency & accountability as well as the establishment of escrow accounts under the Real Estate (Regulation and Development) Act (RERA), and an encouraging dollar exchange rate for NRIs make it a highly lucrative time to invest in residential property in India
It’s important that NRIs should first look at their goal and risk profile before making a decision. Similarly, investment instruments like MFs, equity markets, NRE deposits, and more have their restrictions
With the advent of technologies that are already in place in the industry, there are a lot of changes that come into question the future of real estate agents in the near future. This post is an attempt to analyze the reasons for the decline of real estate agents in the near future
The investment is in line with Aurum PropTech’s strategy to bring digital transformation in the real estate sector by creating an integrated proptech ecosystem covering customer digital journey, property and asset management, development, investment and financing of assets
In wake of this situation, K2 Group India has come to the rescue of investors and launched its new venture, Fortune Keys. Coming with credibility and backed by a trusted parent company, Fortune Keys aims to save investors from any fraudulent practices that are prevalent in the real estate market
The Real estate industry of India was adversely affected by the Covid-19 pandemic, just like the other sectors of the economy. Over the last month, numerous banks and housing finance companies (HFCs) have declared cuts in their home loan rates
The Covid-19 crisis has fundamentally altered the way we live our lives. Home has gained more importance. For many people, the home has now become a hub from which we work, exercise, learn, socialize and relax. The pandemic has drastically brought a shift in the short-term and long-term investment perspective of buyers and they now have more time to reflect on the way they live and use their space before making their investment decisions. This significant shift in the behavior of buyers has further boosted demand for second or holiday homes market in the pandemic scenario.
Air quality is an inevitable issue for home investors. With such a scenario, cities like Dehradun has emerged as a promising land for better living standard and pure air quality. Thus, a huge rush to buy properties in Dehradun
Gera Developments, pioneers of the real estate business and the award-winning creators of premium commercial and residential projects including the innovative ChildCentric Homes in Pune, Goa and California have been recognized as one of the best workplaces by the prestigious, internationally acclaimed, Great Place to Work Institute. Ranking 18th amongst the Best Small and Medium Workplaces in Asia and 4th on the list of Great Mid-Size Workplaces in India, Gera Developments is also amongst the top 10 Mid-size workplaces in India, 4th time in a row
Sales of residential properties in Pune were down by nearly 20.6% year-on-year (Y-O-Y) in the first half of 2021 at 16,220 units. A total of 20,431 units were sold during January-June period 2020. Total new launches in the city during the January-June period of 2021 stood at 12,558 units, 26.3 per cent up over 9,944 units unveiled in the same period of 2020.
As the concept of fractional ownership of real estate is gaining momentum, it can open up new investment opportunities to a large segment of smaller investors
The Monetary Policy Committee in its second meet in the current financial year continued with the status quo on rates. NewsBarons connects with Real Estate Industry Leaders to share their views and opinions on the MPC announcement
Mumbai’s branded and luxury housing segment reaped most of the benefits after the state announced a reduction in stamp duty. Between January and March 2021, the low interest rates and stamp duties significantly benefited this segment as per available statistics. However, during the second wave of the pandemic and consequent lockdown, the sales of homes underwent a steep drop. Besides, the stamp duty was raised to 5% from April 2021. All these adverse factors affected the sales of apartments
India has been a beneficiary of significant remittances, in fact in the calendar year 2020, India has received the highest remittance of $ 83 billion amongst all the nations, credit for these generous remittances is attributed to the contributions made by the bourgeoning and vibrant Indian diaspora thriving in different corners of the world
The demand for Magarpatta Cybercity has always remained strong with institutional funds and HNI investors primarily being the landlords. MYRE Capital has managed to secure the off-market opportunity and enabled retail investors to participate in the institutional-grade opportunity at a fraction of the price
The Covid-19 era presents a radically transformed real estate market, with preferences changing to accommodate new realities. With the lockdown proving that work-from-home is a viable option, many future homebuyers will now shift to peripheral areas of a city for bigger homes and a better lifestyle—at more affordable prices
“The real estate sector – one of the significant contributors to India’s gross domestic product (GDP) and source of employment, remains largely unorganized and fragmented. A few reasons being paper-based land records, and organic transaction practices carried out through person-driven or word-of-mouth approaches”
The Mumbai-based real estate-focused alternate asset management firm will raise the fund, including a green-shoe option, in India from institutional investors, family offices and high net-worth individuals (HNIs), a top executive said
The ongoing pandemic situation has not only paused the world and confined us to our homes, but it also has stalled our dreams. The dream of higher education, career growth, starting or expanding a business, or buying a home. But all is not lost
The price discounts expected by the Magicbricks survey respondents due to covid-19 ranged between 10% and 25%. Once lockdown is lifted, homebuyers will only return to market if they find prices being cut in accordance with their expectations
This is the exclusive margin separating the leaders from managers ¬ the margin of influence and inspiration. Learning from the leaders, the managers are vehemently supporting the inspirational requirements of the people without controlling their moves for achieving the highest results in terms of productivity
In a big relief for the realty sector, which has been hit hard by the pandemic and the economic slowdown, the BrihanMumbai Municipal Corporation (BMC) has decided to move online the process of transfer of development rights (TDR) generation and utilisation
The Supreme Court, in its recent judgment, has finally settled a long pending issue by holding that contracts which cover works other than civil works and do not involve any construction, do not attract cess under the Building and Other Construction Workers’ Welfare Cess Act, 1996
With the year coming to a close and COVID-19 taking a toll on the entire economy, you may be wondering how it has been affecting the housing market and what the new year has in store for the industry. Well, the housing market has remained strong, while picking up some different trends than previous years.
The Indian regulators have brought about amendments to Indian Exchange Control Regulation as well as tax laws which has led to opportunities for real estate investment trusts (REITs). The efforts of the regulators have yielded results since REIT market in India has captured the attention of various investors
When a house property is sold, after a period of 2 years (Reduced from 3 years to 2 years in Budget 2017) from the date it was owned – there is a long term capital gain. In case it held for 2 years or less – there is a short term capital gain
On an average the annual renal is 6 % – 8% for a commercial property compared to 1.5 % to 2.5 % on residential property depending upon the property location
Real estate has a multiplier effect on the Indian economy with several allied industries reflecting the changes in this sector. Recognizing this, the government announced several initiatives to encourage investment in the sector
In terms of cost dynamics at individual companies, a variety of factors including scale of business, service/product mix, legacy of assets/real estate could be at play. Indian IT industry spends just 4.3% of operating income annually towards real estate operating expenditure
It will no longer just be about the asset. The real value of it will unfold when customer service wrapper, focussed on both tenant and owners, is added to the residential asset. And, the most critical enabler of the service wrapper is technology — to ensure efficiency and consistency in implementing the business process
The hike will be 5.5 percent in general tax, 3.5 percent in cleanliness tax and 2 percent in the water tax, in addition to a 5 percent increase in water charges
Pune Zilla Parishad chief executive officer (CEO) Ayush Prasad has sought plots from district collector Rajesh Deshmukh in those villages in a letter dated January 4.
Mumbai remains the most expensive office market in the country with an average fit-out cost of $133 per sq ft. The average office interior fit-out cost in New Delhi stood at $126 per sq ft and $33 in Chennai.
The Income-tax Appellate Tribunal has given this ruling in respect of a case pertaining to Navi Mumbai based leasing company. This will have an impact as many restaurants, shop owners and even house owners had either renegotiated rents or had defaulted on it during Covid pandemic.
Sources said that there are six to seven new companies that have submitted their Expression of Interest, while some bidders are in talks about opting for a joint bid on the project.
Tanaji Gambhire, a city-based civil engineer, had filed a petition before the court in October last year, demanding the alleged illegal structure built by Sai Baba Sales Private Limited — the proprietor of Sai Exotique project — be demolished.
It might sound a no-brainer, but many home buyers get this wrong and bite off more than they can chew. The home loan EMI should be around 40% of your net household income. But that is if you don’t have other loans.
On an average, at least four of the 10 customers purchasing flats in the city and its suburbs happen to be such ‘local’ NRIs who want to spend their retirement life back home.
Chief Metropolitan Magistrate (CMM) of Karkardooma Court in January this year had ordered to registered an FIR against Rudra Buildwell Pvt Ltd, Mukesh Khurana and Babita Khurana under various charges dealing with cheating and criminal conspiracy.
There is a platter of intelligent lighting technology and tools available in the market that it is hard to pick one tool to smarten up your home lighting.
“The cumbersome process of auction and allotment of plots and tenements is proposed to be simplified and made more transparent by migrating the entire process onto a well-developed software,” GHB chairman Subhash Shirodkar said.
She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this regard with voice vote.
"The speed with which these houses were constructed is a record. The construction of a house under the PMAY used to take an average of 125 days earlier. But in the coronavirus period, the average time taken for it came down to 45 to 60 days, said PM.
In the wake of the pandemic, many lessors have extended rent concessions to lessees. However, applying the Ind-AS 116 requirements for changes to lease payments could have posed practical difficulties in the current situation.
The building, Pramila Nagar Co-operative Housing Society Limited, at Kandarpada had challenged a notice issued by the BMC, asking 80 families to vacate all its four wings within seven days.
As per data, amountwise Laxmi Nagar tops the list with 6,102 property owners not paying property tax for over a decade and owe over Rs50.41 crore to the NMC.
“Over 342 cases were heard online and 187 orders issued during the period,” a MahaRERA official said, adding that the office was at present working in a 100% digital way.
