Real estate in India
The Indian real estate has been setting new hopes with the new NDA government budget happened in August 2014. Since the Modi government has been giving a focus on infrastructure development and affordable housing, many real estate experts predicted that these are the sunshine days of the Indian real estate sector. The clarity regarding the [...] Continue Reading »
In a recent interview with exchange4media, CommonFloor.com Sumit Jain and Vinayak Warke talked about how the property portal has, over the last seven years, emerged as the one-stop shop for real estate. Jain is the co-founder and CEO of CommonFloor.com; while Warke is the property portal’s Vice President (Marketing). Jain – who has studied Computer [...] Continue Reading »
Indian real estate is now at a stage of evolution wherein integrated townships are no longer just an option but they are a dire necessity. With a number of India’s large developers now developing these futuristic mini cities, townships are rapidly becoming the most significant model of property development in the foreseeable future. The urban [...] Continue Reading »
No longer is the Indian real estate sector an unorganised one, thanks to the investments from foreign players and Indian corporate houses. Rapid urbanisation, increasing levels of income and opening up of the sector to FDI have resulted in phenomenal growth of the Indian market. The multiplier effect of the real estate sector is what [...] Continue Reading »
Latent demand in real estate is set to increase in the second-half of the year, and especially in FY 2015, predict analysts. Realty stocks are lately registering a good response in expectation of a revival in property demand and clarity in tax structure with respect to the REITs. BSE Realty Index and Sensex have risen [...] Continue Reading »
In a recent interview, Urban Development Minister Venkaiah Naidu has talked about various plans the ministry has in the offing. Elaborating on Urban Development Ministry’s plan for 100 smart cities, he said that international models were being studied, and countries like France, Australia, Singapore and Japan had been requested to submit ideas and suggestions. He [...] Continue Reading »
In a change in market sentiment post the Modi-government’s coming to power, investors are preferring to go for real estate, compared to stocks and gold, according to a survey. This is a significant departure from investor sentiments during earlier regimes. 67 percent of respondents in the survey were keen on investing in real estate, compared [...] Continue Reading »
India’s biggest real estate firm DLF has revealed in its latest financial report that it witnessed a 7 percent increase in sales bookings, to Rs 4,070 crore, in the last fiscal year which ended in March 2014. In comparison, in the previous fiscal year which ended March 2013, the company’s sales bookings had increased Rs [...] Continue Reading »
In the last few years, a noteworthy increase in residential-property demand has been witnessed by the eastern suburbs of Mumbai; with the result that these areas are now being counted among the ideal housing destinations in Mumbai. Mumbai’s eastern suburbs, sprawling from Kurla to Thane on the Lal Bahadur Shastri Marg, have been rather low-profile [...] Continue Reading »
Maintaining transparency is a major challenge for developing India and in order to curb malpractices and ensure stoppage of transactions under the table, the government on Monday ordered maintenance of cost records and audit for real estate companies, hospitals and educational institutions. The move will bring in the much-required transparency in fixing of prices in [...] Continue Reading »
