How will REITs affect Indian Realty

REITs (Real Estate Investment Trusts) are a great equalizer for the Indian real estate industry as they will open the doors for investors from across the spectrum to make safe and secure investments in the country’s realty market. After Securities and Exchange Board of India (SEBI) relaxed their REIT regulations, realty stocks surged by 4%. For the uninitiated,an REIT is a firm which possesses and/or finances revenue-generating real estate properties. REITs allow all kinds of smaller and larger investments in large-scale properties bringing in the concepts of diversified and long-term investing in the realty sector.

How will REITs affect Indian Realty

How will REITs affect Indian Realty

The REITs providing a platform to pool money for investment in properties, especially commercial ones, are first required to be registered via an initial public offering. Just like stocks, investors can buy REITs as securities from both the primary and secondary markets. REITs are registered with stock exchanges and are structured like trusts with their objective being able to provide investors with dividends acquired from the sale money of assets such as offices, residential units, hotels, shopping centres and warehouses etc. Other than the above advantages, REITs are expected to usher in the following changes in the Indian realty market: [Read more…]

Will a Ring Road be able to help Pune Realty Market

Pune, the second most populous city in Maharashtra is also among the fastest growing cities in the Asia – Pacific region. Known for its manufacturing, information technology and automobile industries and its educational and vocational institutes, Pune is top-ranked amongst the Indian cities with high quality of life. A paramount business centre and a residential investment hub, growing at break-neck speed, Pune surely needs areorganization of its infrastructure so that its growth is uniform rather than random.

Will a Ring Road be able to help Pune Realty Market

Will a Ring Road be able to help Pune Realty Market

A typical solution to equally distribute movement and development in a big city like Pune is to cultivate a Ring Road in the outskirts of the city. A 120+ kilometre long Ring Road was proposed in 2007 in Pune which was aimed to be a rapid-transport corridor around Pune and Pimpri Chinchwad with residential and commercial stretches along the way. A collective brainchild of Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation, Pune’s Ring Road’s intended purpose was to keep the heavy traffic, from the three National Highways (NH-4, 9, 50) converging in Pune, outside city limits. [Read more…]

How will RERA change the Indian Real Estate Industry

RERA or the Real Estate (Regulation and Development) Act, 2016 passed in March 2016 in the Indian parliament is the law which attempts to streamline the Indian Real Estate Industry. This Act has been implemented throughout the nation from May 1st 2017. RERA, also a government body with the namesake of its governing law, will deal with the regulation, execution and functioning required in channelizing the builders, buyers and real estate agents of the industry, encouraging them to indulge only in fair practices and contribute in the wholesome development of the country.

How will RERA change the Indian Real Estate Industry

How will RERA change the Indian Real Estate Industry

RERA has been hailed as a buyer-friendly law, one which will bring accountability, reliability and transparency to the real estate industry of our country. The Minister of Housing and Urban Poverty Alleviation has also affirmed that it is one of the most consumer friendly laws and that states have no power to dilute its provisions. He also has said that the law will make “buyer the king”. [Read more…]

UP CM Gives Green Signal to Jewar International Airport

Jewar International Airport in Greater Noida is a much awaited project for the entire National Capital Region (NCR). Over the years, it has gone through several regulatory approvals, jumping through hoops one by one.

UP CM Gives Green Signal to Jewar International Airport

UP CM Gives Green Signal to Jewar International Airport

Recently, the Jewar Airport project was revived by UP CM Yogi Adityanath. He gave it a green signal and instructed concerned officials to accelerate the process of getting approvals so that the construction work can start at the earliest. In July 2016, the Union government had sought an Obstacle Limitation Survey (OLS) of the airport site at Jewar from the state government. But the state is yet to send that report to the civil aviation ministry. CM also directed the officials to coordinate with civil aviation ministry soon. [Read more…]

Knight Frank Wealth Report: 5% of World’s Ultra-High Net Worth Individuals Live in India

India is expected to account for 5% of total Ultra High Net Worth Individuals [UHNWIs] in the world by 2025. According to Knight Frank wealth report-2016, the country’s share in the total number of billionaires is expected to rise to 6% by 2025. The UHNWI count over a period of time has also risen. This report also states that India ranks third in the projected absolute increase in UHNWI population, over the next ten years. They will top over China with the U.S topping the list.

Knight Frank Wealth Report: 5% of World's Ultra-High Net Worth Individuals Live in India

Knight Frank Wealth Report: 5% of World’s Ultra-High Net Worth Individuals Live in India

At present India has around 2% of the world’s millionaires and 5% of the world’s billionaires. The number of super-rich Indians grew the sixth fastest in the world between 2015 and 2016, this was the in the latest report by Knight Frank, a global property consultant. [Read more…]

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

Post-demonetization benefits are coming to the people in different forms. As per a recent announcement, the government is offering 3-4% interest subsidy onhome loan of Rs 9 lacs to 12 lacs, which will reduce the EMI by Rs 2,000 approximately. You can avail this benefit if you are buying a new property in an area that comes under Pradhan Mantri Awas Yojna (PMAY); your annual household income needs to be in the range of 12-18 lacs.

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

PMAY: Govt Announces Interest Subsidy on Home Loan; EMI to be Reduced by Rs 2,000

This is a step to encourage middle-class people in urban areas to buy their dream home. The benefits can be availed by families comprising of wife, husband and unmarried children as well as by the unmarried and earning young adults who want to buy their first-home in an urban location. [Read more…]

How GST Road Transforms Chennai Real Estate?

Grand Southern Trunk Road (GST) is one of the three most important roads in Chennai, others being Old Mahabalipuram Road [OMR], and East Coast Road [ECR]. It starts from Guindy and extends up to Chengalpattu and beyond. Part of it falls under Chennai Municipal Corporation while most of it remains outside its purview. This road touches quite a few major localities likeAllandur, Nanganallur, Pallavaram, Chengalpattu etc.

How GST Road Transforms Chennai Real Estate?

How GST Road Transforms Chennai Real Estate?

GST Road not only has a presence of commercial and residential zones along its stretch but also connects Chennai International Airport giving it an edge over ECR and OMR Real Estate Investment. Chennai is mostly a market for end users, and GST road is the hotspot for real estate development and investment. This area is developing rapidly and has been labeled as a growth corridor of Chennai. There has been a rapid development of IT/ITeS industries along this corridor. This, in turn, has facilitated growth of residential sectors in this area. [Read more…]

Bangalore Real Estate: Invest In These 5 Localities for Best Returns

People who want to invest in real-estate are always trying to find new and developing areas of a city. Investments in these areas have an advantage that they are affordable but after a period of time they turn into an asset that gives good, favorable returns. Bangalore, the Silicon City of India, has always been the investors’ paradise. It is the start-up capital in IT, Aerospace and other industries. The job market is driving the residential market as well. Bangalore builders are offering better quality homes and with more amenities and on time too as compared to other cities.

Bangalore Real Estate: Invest In These 5 Localities for Best Returns

Bangalore Real Estate: Invest In These 5 Localities for Best Returns

The outer areas of metro cities are best locations where home buyers can get better homes at affordable prices. Good and reputed developers are also driven to these areas.

North Bangalore, South-east and East Bangalore real estate are good for investments as many infrastructure projects are planned here. Localities such as Thanisandra, Hennur Road, Outer Ring Road and Yelahanka are good areas to focus on. In south Bangalore, prospective areas are Varthur and Whitefield to buy and invest. Metro connectivity to these areas is in the third phase of construction. Once operational will change the face of real estate market. [Read more…]

Union Budget Key Highlights: Affordable Housing Gets Infrastructure Status

Union Budget 2017 was announced by Finance Minister Arun Jaitley on Wednesday- 1 February, 2017. Among other favourable initiatives for real estate announced by Mr. Jaitley, giving infrastructure status to affordable housing came out as a showstopper. It has not only paved the way for the growth of real estate but has also given a big fillip to PM Modi’s ‘Housing for All by 2022’ scheme.

Union Budget Key Highlights: Affordable Housing Gets Infrastructure Status

Union Budget Key Highlights: Affordable Housing Gets Infrastructure Status

Giving infrastructure status to real estate was a much debated topic in the last two budgets. Now that it has finally been approved, both homebuyers and developers are in a cheerful mood. [Read more…]

Real Estate Sector Welcomes Union Budget 2017 with Applauds and Cheers

The real estate sector has applauded Finance Minister Arun Jaitley’s Union Budget. Market players are expressing their happiness on favourable initiatives announced for the real estate sector. Major push was given to affordable housing and on improving long-term demand in real estate. A number of secondary initiatives have also been taken to promote push in the affordable housing market.

Real Estate Sector Welcomes Union Budget 2017 with Applauds and Cheers

Real Estate Sector Welcomes Union Budget 2017 with Applauds and Cheers

Let us discuss the impacts of Budget 2017-18 on real estate in some detail-

Infrastructure Status to Affordable Housing

After several years of proposal and rejection, affordable housing has finally been given infrastructure status in this budget. This is the most welcomed move and will act as a catalyst to achieve Modi’s dream of Housing for All by 2022. With this step, developers who come up with such low-cost housing projects will be eligible for several initiatives like subsidies and institutional funding. This will also encourage private players to invest in affordable housing market. [Read more…]