REALTY 2020: HOPE AMIDST DESPAIR
Facing severe headwinds due to weak non-supporting economy and liquidity crisis, the real estate sector’s overall performance was below expectations in 2019. But with residential real estate showing signs of a pickup with a marginal increase in sales and commercial real estate already having a good run, the year 2020 holds the promise of revival. […]
4 Years of Modi Government – REFORMED REALTY TURNS CONSUMER- FRIENDLY
The four years of Modi government, marked by landmark reforms, have seen the complete transformation of the unorganised and opaque real estate sector into a regulated, transparent, affordable and consumer- friendly asset class. Notwithstanding global slowdown, Indian real estate’s troubles have been self- created. The sector has been bogged down largely due to lack of […]
DEBUNKING THE TOP 5 COMMON MYTHS OF GST IN REAL ESTATE
The Goods and Services Tax (GST)—India’s biggest tax reform post-independence—was implemented on 1st July 2017. This new tax regime seeks to transform the Indian economy with its ‘One Nation, One Market, One Tax’ principle by subsuming a host of indirect taxes charged at varied rates by the Centre and states, therefore bringing uniformity in taxation […]
Over 13 million people will operate out of co-working spaces by 2020: JLL India
JLL, India’s largest professional real estate services company, estimates that over 13 million people will work out of co-working spaces by 2020. In a recently released research report ‘Spotting the opportunities: flexible space in Asia Pacific’, the company says that demand for flexible offices – including spaces and serviced offices – is growing faster in […]
Retail brands look at positive growth in India: JLL India
NET ABSORPTION IN MALLS RISE BY 70% Y-O-Y IN Q1 2018 RETAIL MALL SUPPLY DROPS IN Q1 2018 JLL, India’s largest real estate services firm, notes that retail mall absorption recorded a positive trend in Q1 2018 (January – March). Total absorption across top 7 cities of India was recorded at 352,000 square feet (sq. […]
THE REAL ESTATE ROLLER COASTER – Reviewing 2016 & Looking Forward To 2017
The real estate sector that had faced some really turbulent times this year, is now left staring at another challenging year ahead, following the disruptions caused by the government ushering in reforms like the Real Estate Regulation Act (RERA) and demonetisation. But all this may in the end augur quite well for real estate in […]
TRANSFORMATIONAL BUDGET – A REAL FILLIP FOR REAL ESTATE & HOUSING
FM Arun Jaitley presented the Union Budget February 1st this year, which marks quite a few departures from the norm, For one, there was no separate Rail Budget, that having been integrated into the main exercise – and second, the budget was presented on the first day of the month rather than on the last […]
CURRENCY DEMONETISATION – SHORT TERM LOSS, LONG TERM GAI
The landmark move by the Modi government to demonetise high value currency notes to stamp out black money will have a far-reaching impact on the capital-intensive Indian real estate sector, where almost one-third of all transactions still involve unaccounted (aka ‘black’) money. Though initially this bold move of the government is most likely to hit […]
LOOKING BACK- LOOKING AHEAD
The real estate sector which faced turbulent times this year, is staring at another challenging year ahead, following disruption caused by reforms like Real Estate Regulation Act (RERA) and demonetisation. But all this may augur well for the real estate in the coming times. Amidst prevailing uncertainty, the new year may well see real estate […]
CURRENCY DEMONETISATION – SHORT TERM LOSS, LONG TERM GAIN
The landmark move by the Modi government to demonetise high value currency notes to stamp out black money, will have a far reaching impact on capital- intensive real estate sector where almost one third of transactions still involve unaccounted money.Though initially in the short term, the bold move of the government will hit the sentiment […]
FESTIVE HOPE FOR REALTY
In the backdrop of a drastic slowdown over the past two to three years, the beleagured realty sector – especially the residential real estate subsegment where unsold inventories have plagued the players – is seeing a perk-up and some revival, and home sales are picking up with the onset of the just-begun festive season. While […]
DEMONETIZATION AND TRUMP’S TRIUMPH: IMPACT ON INDIAN REAL ESTATE
There is currently a lot of debate happening on how the government’s demonetization move will impact the real estate sector. The NIFTY Realty Index fell by almost 12% yesterday, purely on sentiment. While bellwethers are hinting at dark days ahead, these fears can at best be called unfounded when it comes to the Indian real […]
REDEFINING ‘COMFORT’ IN URBAN INDIA TODAY
Today, urban India is largely driven by up-and-coming single professionals and young, dual-income nuclear families. As per a recent study, over 10% of Indian families still had nine members or more in 2001 while only slightly above 6% of families had that many members by 2011. More and more Indian families have splintered off from […]
STREAMLINING CONSTRUCTION APPROVALS
In the backdrop of a large number of stalled real estate projects, the report, “Streamlining Approval Procedure for Real Estate Projects (SAPREP),” brought out by the Ministry of Urban Development, Housing & Poverty Alleviation, has been made an integral part of the model building by-laws in the yet to be released “National Building Code 2016,” […]
GST TO HERALD GOOD TIMES
The Goods and Services Tax (aka GST), a much awaited landmark reform undertaken by the government, is more than likely to give a formidable boost to the Indian economy in general, and real estate sector – one that contributes significantly to our GDP – in particular. Now that both the houses of the Indian Parliament […]
NATIONAL BUILDING CODE 2016 – A REGULATORY BOOST TO BUILDING CONSTRUCTION
Complimenting the Modi government’s emphasis on real estate and construction sector reforms, the updated and revised National Building Code 2016 (NBC 2016) that is set to be unveiled later this year will bring out the state-of-the-art and most contemporary version of the building code, dealing with futuristic developments. Vinod Behl writes on the impact this […]
HARYANA LEADS IN REALTY REFORMS
The NDA government’s 2-year term at the Centre has been marked by far reaching reforms in the real estate sector, including the landmark Real Estate Regulation Act (RERA). Among the states, it is Haryana that has has emerged as a front-runner in land and property related reforms after the installation of a new government in […]
THE REALITY OF BREXIT ON REALTY
A week ago, Britons voted by a slim margin to quit the European Union, of which they have been part of for several decades now, sending shock waves across the European community and across the world. Different economies have reacted variously, and overall there seems to be a mood of uncertainty pervading across the globe […]