Real estate bill set to ease home-buying process

Date : Mar 30, 2016

The recently passed Real Estate (Regulation & Development) Bill, 2016, in the Rajya Sabha and the Lok Sabha, is set to ease the home-buying process. The bill has undergone several amendments and will be effective in bringing transparency and accountability in the real estate sector, thus increasing consumer confidence and benefiting the sector as a whole, according to a report by Knight Frank in association with Hariani & Co. The bill sets a firm foothold in the real estate sector and would be a foundation for this sector for many years to come. With the changing skylines in many cities, it takes within its ambit many factors, including development and redevelopment, thus paving the way for a smooth road ahead. It w

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Improvement in real estate may be harbinger of economic turnaround

Date : Mar 25, 2016

Investor interest in commercial real estate has shown small improvement in the past few months and may be a harbinger of an economic turnaround, analysts have said. The demand is likely to give a boost to the still-struggling residential sector and also help developers address the problem of already existing inventories. And with most job portals, including Naukri.com, expecting companies to hire more this year, rising incomes are likely to aid the sector’s growth. Around 38 million square feet of office space was leased out in 2015 against 33 million square feet in 2014. an 18% growth year-on-year, said Ram Chandnani, managing director, transaction services, CBRE South Asia Pvt. Ltd. Information technology (I

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CBI grills Rajasthan-based CA, real estate agent in Rs 1,000 crore Syndicate Bank fraud case

Date : Mar 19, 2016

A Rajasthan-based Chartered Accountant (CA) and a real estate agent were on Thursday questioned by the CBI in connection with its probe in Rs 1,000 crore Syndicate Bank fraud case. While the CA, Bharat Bamb was questioned in the agency headquarters here, Shankar Khandelwal was grilled in its Jaipur office, official sources said on Thursday. The CBI officials have also recovered Rs 67 lakh cash and three hard discs from one of the employees, identified as Mahendra, of the CA, they said. Both Bamb and Khandelwal have been detained and questioned, the sources said. In this scam, four businessmen allegedly managed to open 386 accounts in three branches of Syndicate Bank in Rajasthan in connivance with five of its ex

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‘Indian Property Mela 2015’ on October 30-31

Date : Oct 29, 2015

KUWAIT: Kuwait Times, in association with Aashiaana, a leading property portal in Kuwait, will be organizing the much-awaited ‘India Property Mela 2015’ on October 30 and 31 at the Crowne Plaza Hotel, Kuwait. The two-day ‘Property Mela’ will be the ideal opportunity for NRIs looking to invest in Indian real estate, as they would have access to meet and interact with top Indian property developers and gain first-hand information on current and upcoming real estate projects across India. Hundreds of projects, including from 15 top Indian developers, ranging from affordable apartments to luxury villas will be on offer at the Property Mela. Developers will be highlighting real estate in cities across

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Costliest deal in India: South Mumbai penthouse sold for whopping Rs 202 crore

Date : Aug 8, 2015

Even as Mumbai's real estate market reels under a stressful period with slowing sales velocity and with buyers sitting on the fence, waiting for prices to drop, a one-off deal in the island city's luxury market for Rs 202 crore is making headlines. According to a report in Economic Times, a sea-facing triplex penthouse measuring 17,000 square feet in South Mumbai's Napean Sea Road has been sold to a prominent industrialist for a whopping Rs 202 crore. This works out to be one of the most expensive transactions in the country as the buyers is paying Rs 1.20 lakh per square foot. The apartment is on the 20th, 21st and 22nd floors of the Residence, being built by the Runwal Group and offers views of the th

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Want to Establish a Real Estate Agency in Delhi

Date : Jul 12, 2015

Delhi is one of the best cities in India to set up a real estate business as there is huge market for buying properties in Delhi. Real estate in Delhi is on an all time high. If you want to start your own real estate business in Delhi, make sure you first test the waters and make an informed decision, before taking the plunge. Starting your own real estate company can be a thrilling venture but it is also a territory you should tread with care. Most new entrepreneurs in real estate are nervous to get their company off ground, but you have to do enough ground work and certain ideas have to be in order, so that your business is appropriately and legally set up. Opening an innovative and relatively new business is no piece of cake. It

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A Brief Comparison :- Investing in Real Estate, Gold and Equities

Date : Jul 11, 2015

Understand how to create a balanced portfolio using different asset classes When it comes to investing, the first question that comes to mind is - "Invest in what?" Every investor has his or her own appetite for risk and any rash and untimely decision can prove to be costly. This is because you need to choose from several asset classes having varying degrees of volatility and risk-return potential. Therefore, one has to weigh the pros and cons before zeroing in on an asset class to invest in. Comparison of Asset Classes: Equities, Gold and Real Estate A conventional investment portfolio of an Indian investor contains gold, real estate, fixed income products and very little equity or equity-linked produ

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This is what men and women are buying online in India

Date : Jul 8, 2015

Men are from Mars, women are from Venus. Are their shopping trends that diverse? A recent survey by Cashkaro.com breaks the stereotypes of online shopping trends. Who knew that shopping apps affect men and women differently? Fifty per cent of the total respondents don't endorse the app-only move by some e-retailers. Not only that, Adam is more affected by app-only stores whereas it doesn't really matter to Eve. "I think the reason is lot of people like to sit down and shop on their desktop. It makes browsing easier. Besides, we found that men are more vocal about saying that we don't like app only," said Swati Bhargava, founder of Cashkaro.com. Though we all know that mobile, electronics

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Fashion TV Residences comes to Lucknow

Date : Jul 8, 2015

After debuting in cities like Pune, Noida and Mumbai, the Fashion TV brand will be emblazoned on an apartment in Lucknow. New Modern Buildwell, a Lucknow-based builder, has tied up with FTV to develop an ultra-luxury residential project in Lucknow. “The tie-up aims to build a plush and premier real estate project on the lines of themed residential realty. New Modern Buildwell will be investing around Rs 1000 crore in developing the project,” the company said. “India’s luxury real estate segment is the fastest growing in the sector with an investment portfolio totalling up to 40 per cent in the realty market across nation,” the company said. According to a recent report by KPMG,

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Mahindra Lifespace to set up residential projects in AP, Rajasthan and MP

Date : Jul 7, 2015

Mahindra Lifespace is looking to set up residential projects in states like Andhra Pradesh (AP), Rajasthan, Madhya Pradesh (MP) under the affordable housing space. Recently, the Mumbai-based company announced two projects in Mumbai and Chennai under 'Happinest' offering one and two BHK (Bedroom, Hall, Kitchen) categories. Currently, the company is concentrating on Maharashtra. Also, it is looking at revised affordable housing policies in some of the states. One of the key factors is how the approval process is going to shape up. Mahindra Lifespace is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of Mahindra Lif

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With developers offering attractive discounts, your dream home may be well within your reach now

Date : Jul 2, 2015

BENGALURU | NEW DELHI: Banking professional Nikhil Kumar had been hunting for a house in and around Noida for over two years but everything seemed expensive. Like others, he had hoped that by holding off long enough, prices would drop and his dream home would be within reach. The slowdown in the real estate market did just that. Kumar recently bought a two-bedroom house in Noida Extension, where prices have come down 8.3% to about Rs 3,300 per square foot from Rs 3,600 per sq. ft. in in January 2014. "Builders and brokers are willing to negotiate better deals today, which was missing some time back," he said. In Bengaluru, IT professional Farooque Sait latched on to the opportunity to buy a second home when he sa

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The Smart City imperative in India

Date : Jun 28, 2015

Development plans for constructing India's first Greenfield smart city were however drafted way back in 2007. Gujarat International Finance Tec-City is today India's most ambitious project for developing the global finance services industry and is presently under construction. It is being developed with the support of a variety of stakeholders from the public and private domain. Apart from this, the Delhi Mumbai Industrial Corridor (DMIDC) is developing five smart cities, which includes Dholera in Gujarat, Shendra-Bidkin in Maharashtra, Vikram Udyogpuri Township near Ujjain in Madhya Pradesh, Integrated Industrial Township in Greater Noida in Uttar Pradesh and Gurgaon in Haryana. The government on June 25, 2015 launched

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