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 […]
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 […]
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 […]
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 […]
THE DYNAMICS OF HOME PRICES
Recently, in the backdrop of low demand and slow sales of homes, the RBI governor Raghuram Rajan’s plea to real estate developers to ‘adjust’ prices to encourage more people to buy homes was met with a refrain that there was no scope to cut prices that had already undergone correction. That leaves home buyers and investors […]
MODI MARK ON INDIAN REAL ESTATE
Modi government’s philosophy that beleaguered real estate should grow on the strength of economy and not on largesse or quick fix solutions is reflected in the reform- driven two year-term of the government that has reformed and regulated real estate sector, putting it firmly on the path of long- term sustained growth. The real estate […]
IN RETROSPECT: TWO YEARS OF MODI GOVERNMENT
ON TRACK TO BRING ‘ACHHE DIN’ Despite facing several challenges on the political and economical front, Narendra Modi- led NDA government, riding high on its development agenda, has successfully put the country on the path of social development and economic growth. There were multi- faceted challenges – two years of successive droughts and suicides by […]
SANT NIRANKARI BABA : Apostle of Love, Peace & Harmony
With the tragic death of Nirankari Baba Hardev Singh on May 13, the world has lost a great spiritual leader – an apostle of love, peace & harmony, who dedicated his life to forge human unity. Sixty two years old Baba was the fourth head of the Nirankari Mission. He succeeded as the spiritual head […]
Rahejas & Gera to Develop It Sez In Pune
Leading international property consultancy JLL India has announced the successful forging of a partnership deal between K Raheja Corp and Gera to develop and operate a prime 30-acre land parcel in Pune’s IT hotbed Kharadi. The land parcel will be developed into an ultra-modern IT SEZ under the ‘Gera Commerzone’ banner, and will yield 3.5 […]
NRIs & Property Investment Creating a Safe & Investment Climate
NRIs have for long been investing in India now, into property in particular. Looked at pragmatically, this is not merely thanks to purely emotional reasons, but for profit. Now that the Indian scenario is brightening up, with an improving economy and a whole bouquet of reforms being brought about to ensure free, fair, transparent and […]