Planning to give property to a loved one this festive season? Here’s what you need to know about preparing a gift deed for a safe and propitious transfer of ownership
Investing in Indian real estate has increasingly become an attractive option for Non-Resident Indians (NRIs). We delve into what is leading this growth, and give you the low-down on the top cities and emerging localities for investment.
Chintan Patel, partner and head, real estate, building and construction, and Pratik Chawla, technical director, real estate, building and construction, KPMG in India, on driving a revolution
Remote Work Considerations: Homebuyers are placing greater importance on home offices or dedicated workspaces due to the increased prevalence of remote work.
In a recent development, lenders from across the country have reached out to the Reserve Bank of India (RBI) to double the housing loan amount to be considered for Priority Sector Lending.
When it comes to investing in real estate, there are various options available, but two prominent ones are commercial property and residential property. Both offer different advantages and considerations for investors. In this blog post, we will compare commercial property and residential property investments and analyze which one yields higher returns. By the end, you’ll have a better understanding of the key factors that can influence your investment decisions.
Buying a home is sometimes an emotional roller coaster ride. The home you select should cater to your entire family’s needs, promise safety, and offer amenities to lead the kind of lifestyle you want. If you are in the market looking for a new home to start your life or for an investment purpose, three options are awaiting you – flats, villas, and plots. Each of these property types has something unique to offer and this makes it difficult to decide which one of these will be the right choice for you.
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed property developers to set up project-specific grievance redressal cells to address homebuyers' complaints, following a feedback from allottees.
As we inch close to 2024, the Indian real estate housing market is poised for exciting transformations that cater to the evolving needs and expectations of homebuyers. The Indian real estate market is one of the most quickly evolving and fast-growing sectors in the country’s economy. With increasing urbanisation and growing incomes, the real estate sector in India has bloomed over the recent past and become a significant contributor to the economy. With the increasing demand for homes, prominent builders have made slight adjustments to pricing, leading to expectations of future house price predictions on an upward trajectory.
Whether you are a first-time buyer or an investor looking to expand your property portfolio, staying informed about the latest real estate trends is crucial to making informed decisions.
The cleanliness of a locality or city happens to be one of the prime parameters that real estate owners consider while purchasing a property. In this context, Indore has topped the list of cleanest cities in India in the last few years. So, if you are planning to purchase a new residential apartment or commercial property in one of the cities, it makes sense to consider their cleanliness. In this article, we have extensively discussed the cleanest city in India. Besides, you will get to know the real estate opportunities in the top ten cleanest cities in India.
The evolving luxury real estate market in India, with its unparalleled comfort and exclusivity, has attracted investments from across the world. With a wide array of advantages such as prime locations, sought-after amenities, high quality construction and post-delivery care, luxury homes prove to be a secure and profitable investment, especially for Non-Resident Indians (NRIs). Following are a few reasons why luxury home investments form a key asset for NRIs:
The Indian real estate industry has evolved into a compelling arena of opportunities, capturing the attention of investors with its growth prospects. With India’s rapid economic growth, rising urbanisation, and progressive government initiatives, the real estate sector has emerged as an enticing opportunity for wealth generation.
Real estate investments by NRI (Non-Resident Indians) in Indian property have always been seen as lucrative opportunities. With real estate prices soaring and demand for housing increasing, non-resident Indians are increasingly looking to invest in Indian property. This article will discuss the advantages of investing in Indian real estate and provide useful tips to NRI investors to help them maximize their returns.
The Indian real estate sector has emerged as a promising investment avenue for Non-Resident Indians (NRIs). With a growing economy, favorable government policies, and a stable property market, NRIs have found a golden opportunity to invest in the Indian Real estate sector. In this blog post, we will explore why NRIs should consider investing in Indian properties and the benefits they can reap from such investments.
The future of India’s residential real estate market is being shaped by the millennial generation, whose evolving preferences and aspirations are driving the demand for innovative housing solutions.
India has witnessed a huge increase in the demand for residential real estate in recent years, and the millennial generation is one of the main factors driving this trend. People born between the early 1980s and the middle of the 1990s are often referred to as millennials. This powerful consumer demographic is transforming many areas of the economy, including the housing market.
With changing lifestyle preferences and a tech-savvy mindset, millennials are propelling the real estate market forward. From urbanisation and nuclear family dynamics to financial empowerment and technological advancements, the millennial generation is leaving an indelible mark on India’s real estate landscape.
The real estate industry is undergoing a technological revolution, with innovations reshaping the way properties are bought, sold, and managed. This blog explores the latest high-tech advancements that are transforming the industry. Virtual reality and augmented reality allow buyers to virtually tour properties, saving time and widening access. Artificial intelligence and big data analytics provide valuable insights for informed decision-making. Blockchain technology ensures secure and transparent transactions, while the Internet of Things enhances property functionality and connectivity. These innovations are making real estate more efficient, customer-centric, and transparent. With technology continuing to evolve, the future of real estate holds exciting possibilities for a high-tech industry.
Property prices in India’s key residential markets show appreciation,
Overall, as per National Housing Bank’s housing price index, in Q4FY23 the housing market showed an annual increase, with some cities recording significant growth while others saw declines
The Indian real estate market is one of the fastest-growing sectors of the economy and is a key driver of economic growth in the country. The market has been growing rapidly over the past few years, driven by factors such as increasing urbanization, rising incomes, and a growing middle class.
The real estate market is diverse and comprises of various segments such as residential, commercial, retail, and industrial properties. The market is highly fragmented, with a large number of small and medium-sized developers operating in different parts of the country. The real estate sector in India has witnessed significant regulatory reforms in recent years, including the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA) and the Goods and Services Tax (GST). These reforms have helped to bring transparency and accountability to the sector and have improved consumer confidence. The blog takes you through the current real estate trends in the Indian market
Housing can be significantly impacted by infrastructure in several different ways. By making it simpler to create new projects, it can increase the amount of housing available in a community. For instance, a better transportation system can make it simpler to convey employees and equipment to a construction site, as well as, building materials. This may lower the price of constructing new dwellings, increasing the overall supply of housing in the region. Property values may increase because of this rising demand, particularly in previously neglected locations. For example, a new motorway or improved public transportation system might make commuting more accessible, increasing demand for nearby homes and businesses. Also, the construction of new public areas and amenities can raise the general attractiveness of a region, in turn raising local real estate prices. In general, infrastructure development can have a big impact on the value of real estate and present opportunities for property owners and investors
The demand for luxury homes in India has risen recently. This can be attributed to several factors, both economic and social. One of the most important factors influencing the demand for luxury houses in India is the country’s economic growth. As India continues to develop and become more prosperous, the number of high-net-worth individuals (HNIs) is expected to increase, and with it, the demand for luxury homes. Other economic factors, such as interest rates, inflation, and government policies, can also impact the demand for luxury properties. These factors are important for developers, investors, and real estate professionals to understand, as they can significantly impact the supply and demand of luxury properties in the country. Let’s take a detailed look at what influences the demand for luxury homes in India
Given the remarkable speed at which the Indian property market is growing, it is not surprising that anticipation for what lies ahead is widespread. The introduction of various trends such as green building, gated communities, improved amenities, cheap mortgage rates, and government support for low-income individuals played a major role in bolstering the market over the past year
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.