RERA Notified: Real Estate Industry Welcomes Transparency

RERA or Real Estate Regulatory Act was the need of the hour for the Indian real estate market. Inspite of being one of the largest industries, it had no set rules or guidelines. All this changed when the RERA bill was passed in the Rajya Sabha on 10 March 2016 and the Lok Sabha on 15 March 2016.

RERA Notified: Real Estate Industry Welcomes Transparency

RERA Notified: Real Estate Industry Welcomes Transparency

In layman’s terms the bill largely seeks to protect the interest of the allotees/buyers by promoting transparency, accountability and efficiency in the real estate sector. The state governments were given a time frame of 6 months to notify the act at their level. With the State Govt. of Gujarat , Uttar Pradesh and five Union territories of Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep and Chandigarh notifying RERA and the others following suit, this brings much cheer and a sense of relief to the real estate community, be it builders or buyers. [Read more…]

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

Demonetization of 500 and 1000 notes came out as a surprise for India on a fine night of November. Amidst much chaos of what would happen next, experts started speculating the fate of India real estate industry which is said to be a major absorbent of black money. Though many said that the property prices would fall and real estate would dwindle, there is actually a bright side of it, majorly for the primary real estate market.

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

Demonetization Impact on Real Estate: Industry Expects Long-term Growth

In an interview with Radio Mirchi, Investors Clinic Director- Mr Sunny Katyal spoke on the issue and assured that there is not a single reason to panic because of demonetization. It is, in fact, a ray of hope for real estate. [Read more…]

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

An investment in the National Capital Region (NCR) is going to bring a lot of good fortune for the investors. This growth in Delhi/NCR real estate market is a result of the overall economy improvement in India. According to a report by IMF, India will see a GDP growth of about 7.6 percent in 2016-17, even ahead of China and some other developed European states. The effect of this comprehensive growth can be clearly seen in the country’s real estate market. Delhi/NCR, being the capital region, will witness the best ripples.

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

Real Estate Scenario: Gurgaon and Noida Get Highest Investors Attention

Let us divide the NCR market largely into two segments- Gurgaon and Noida.

Gurgaon

Gurgaon is the most attractive investment destination in NCR. Being the largest commercial hub of the NCT, Gurgaon is bound to get good results. It experiences strong demand dynamics and now with price moderation by the builders, the market has become even more attractive. Though the central areas have saturated with commercial and residential projects, the growth corridors of New Gurgaon, Sohna Road and Golf Course Extension Road are now attracting many global investors. [Read more…]

All You Need to Know about Delhi Master Plan 2021

Delhi Master Plan is the basis for all infrastructure requirements that are needed to support the population of the city. It is a long-term plan for the complete planned development of the city prepared by the Delhi Development Authority and approved by the Central Government. It lays down the policies and guidelines for planning the socio-economic activities for the overall betterment of its people, during the plan period.

All You Need to Know about Delhi Master Plan 2021

All You Need to Know about Delhi Master Plan 2021

Here are a few highlights of the Delhi Master Plan 2021-

Vision

According to the authorities, this master plan is envisioned to make Delhi a future-ready city having a sustainable environment. Its people will be engaged in productive work and will move towards a better quality of life. Major planning needs to be done with respect to the influx of people into the city, their housing and other standard needs. Adequate shelters for the Economically Weaker Sections (EWS), upgradation of dilapidated areas and dealing with slums, addressing the needs of small enterprises, provision of adequate infrastructure- both physical and social, environment conservation, preservation of Delhi heritage are among the main agendas of this master plan. And all of this needs to be done sustainably. [Read more…]

Festivities Bring Cheers for NCR Real Estate

Festive season brings a lot of cheers for the Indian real estate industry. In India, festive season- starting from the onset of Dussehra and ending after Diwali- is considered to be the most auspicious time to make important financial decisions; real estate investment during festive season is also considered auspicious. This year, with the beginning of festive season, the real estate market also started to show signs of revival.

Festivities Bring Cheers for NCR Real Estate

Festivities Bring Cheers for NCR Real Estate

According to the Confederation of Real Estate Developers Association of India (CREDAI), the residential realty market has already started steering towards betterment. Significant improvement in sales figure has been recorded in the market since the beginning of October. Major markets like Noida, Gurgaon and Ghaziabad are showing healthy recovery. [Read more…]

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

Investors Clinic Navratri Propfest turned out to be a huge success with more than 200 properties booked in just three days. Despite a slowdown in the real estate market, customers showed genuine interest in the property deals offered by Investors Clinic.

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

Navratri Propfest Meets Huge Success; 200 Flats Booked in Just 3 Days

CEO Honey Katiyal expressed immense pleasure in hosting an event that turned out to be such a big win. He said that the buyers still trust the renowned builders which is the reason why they showed such enthusiasm towards the Navratri Propfest. Also, the customers impart their trust in Investors Clinic as we offer assistance throughout the home-buying process and make dream home a reality for them. [Read more…]

Redevelopment of BDD Chawls Approved By Government

The BDD (Bombay Development Department) chawls in Worli are the earliest and the largest of the current residential areas in Worli. The BDD chawls provide the middle class and the lower middle class of Mumbai a better means of living due to its central location. Though Mumbai has a glamorous real estate market, modern homes are out of the middle class reach. Many of the EWS and Middle Class families are residing in the BDD chawls.

Redevelopment of BDD Chawls Approved By Government

Redevelopment of BDD Chawls Approved By Government

These were prison buildings during the British rule which were later converted to residential use. Buildings contain one-room apartments. The BDDchawls are located at Worli, Naigoan, N.M Joshi Marg and Sewri. The largest being that in Worli and the smallest at Sewri. [Read more…]

Navi Mumbai Set to Become the Next Big IT Hub of India

Do you know which city is going to be the next big IT Hub of India after Gurgaon, Pune and Bangalore? The name of this city is Navi Mumbai. With competitive rates of real estate and the work of international airport in pipeline, the city stands a good chance at becoming an IT hub. The rents of premium office spaces in the growing pockets of Navi Mumbai are much affordable as compared to Pune where the average rate is Rs 70 per sq ft and Bengaluru where it is around Rs 60-70 per sq ft. In Gurgaon, the rates are even higher. Home seekers say that dream home is still affordable in Navi Mumbai and now commercial tenants are of the same opinion.

Navi Mumbai Set to Become the Next Big IT Hub of India

Navi Mumbai Set to Become the Next Big IT Hub of India

There are a number of factors that point towards the future of Navi Mumbai as an IT hub. Let us talk about some of these in detail-

Connectivity Benefits

From connectivity point of view, Navi Mumbai is undeniably the best location for commercial development. It is well connected to the business locations of Mumbai like Nariman Point and Chembur via the Eastern Freeway. This has significantly reduced the travel time between South Mumbai and Panvel; the 50 km can now be covered in an hour or so. It will be further reduced if the much anticipated Trans Harbor Link actually comes true. Apart from road connectivity, Mumbai suburban railway has also started reaching out to Panvel from Andheri in Mumbai. Mumbai Metro will also be extended to the area. [Read more…]

Indian Real Estate Entices Singaporean NRIs

Real estate developers are rapidly turning their attention to non-resident Indians (NRIs) and people of Indian origin to drive them towards Indian real estate projects. Indian property developers are enticing Singapore’s Indian community. Developing cities like Mumbai, Bengaluru and NCR have come out as the favorite investment destinations of the NRIs.

Indian Real Estate Entices Singaporean NRIs

Indian Real Estate Entices Singaporean NRIs

Mumbai based Godrej Properties opened an international representative office in Singapore, so they can be physically present in Singapore to market mainly residential properties more effectively to Indians in Singapore, Malaysia, Indonesia and Hong Kong. [Read more…]

Highest PE Investment Recorded in Retail Realty in First Half of 2016

In the retail sector, the first half of 2016 Private equity (PE) investors invested Rs 3,350 crore, making it the highest investment in comparison to Rs 250 crore in the first half of 2015 on the back of better and improved leasing activity, positive economic outlook and relaxed government policies. This is the highest recorded annual PE investments made since 2008. The institutional and PE investors both are bullish on the retail segment in India following better leasing, country’s economic prospects and government policies.

Highest PE Investment Recorded in Retail Realty in First Half of 2016

Highest PE Investment Recorded in Retail Realty in First Half of 2016

Among the top eight cities that included Bengaluru, Chennai, Ahmedabad, Delhi NCR, Hyderabad, Pune, Kolkata and Mumbai, the national capital region watched the highest supply of malls in the first half of 2016, followed by Mumbai & Pune. These new mall spaces are expected to deliver quality spaces to retailers and wider options for expansion across multiple cities. [Read more…]