Realty investments in India dip 65% in 2013

Date : Apr 5, 2014

In 2012, Indian realty had received investments of $3.4 billion; then, too, it was 10th in the region:- In 2013, investments in India’s real estate sector fell 65 per cent to $1.2 billion, making the country the 10th most invested region in Asia-Pacific, according to a report by real estate consultant Cushman & Wakefield. In 2012, Indian realty had received investments of $3.4 billion; then, too, it was 10th in the region. The sector in Asia-Pacific received investments of $487 billion. China recorded the highest investments at $358 billion, followed by Japan ($44.6 billion), the report, Investment Market Beat  2013, said. In India, investment in land fell 61 per cent in 2013, while the office space saw a 77

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India’s Rental Returns is Lowest Among The World

Date : Apr 4, 2014

India’s return of investment of residential properties through rentals in tier 1 cities is lowest among the world. Delhi’s rental is lowest at around 2% while Mumbai fares better at 3.5%.  If anyone takes into account the capital appreciation returns surge to over 20% compound annually, this is among the highest globally. Global real state consultancy firms Jones Lang LaSalle (JLL) says, the return in the Indian market is low for this reason owning a real estate asset is risky in this country. To invest in the real estate sector, domestic as well as foreign investors find it highly attractive.  From another consulting firm a senior consultant said that in emerging economies, investors raise funds into t

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Property Tax Rules

Date : Apr 3, 2014

The Finance Act 2013 had provided that purchaser of an immovable property (other than agricultural land) worth over Rs 50 lakh is required to Deduct tax at the rate of 1% from the consideration payable to a resident transferor. This is applicable from 01.06.2013 under new section 194IA. New rules regarding TDS deduction/deposit on transfer of immovable property has been notified by the CBDT ,vide notification number 39/2012 dated 31/05/2013. The summary of the new rules is given below. TDS deducted under section 194IA shall be paid to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made. TDS under section 194IA is to be deposited on challan

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India Property Market Set for Post-Election Boost

Date : Apr 2, 2014

Home-buyers are expected to return to India's subdued property market after the country's general elections, which start next week.   "There is a sense of hope among developers for a positive post-poll scenario," says Ramesh Nair, the chief operating officer, business, at JLL India. "While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift home-buyer sentiment." –   India's general elections begin next Monday, running for more than a month, with results scheduled to be announced on May 16.   Demand for resid

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What is the connection between real estate and elections

Date : Apr 1, 2014

By Ramesh Nair While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift homebuyer sentiment. There is no doubt that the actions and inactions ascribable to the current government have made homebuyers and developers anxious. The next government's economic and employment policies will be key drivers to growth in the real estate sector for the next five years. 2012 and 2013 were not the best years for the Indian realty market, and the slowdown impacted all asset classes, except in a few pockets. Revival is no doubt the need of the hour. There is a se

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Realty prices stagnant, right time to buy a house: Pirojsha Godrej, CEO & MD, Godrej Properties

Date : Mar 31, 2014

The need for faster approvals in real estate projects to cut down on the high operating costs and the reason why low-cost housing is not possible in India without government support are some of the issues that Pirojsha Godrej, CEO and MD of  Godrej Propertise    BSE 5.30%  discussed in an interview with ET. Which is the biggest challenge faced by the real estate sector? The biggest challenge that the real estate sector is currently facing is the slow pace of approvals. What the sector needs is a system that can ensure faster approvals and, in turn, reduce the turnaround time that a real estate project requires to be developed in India. This will help reduce the interest an

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Gudi Padwa bookings Realtors eye

Date : Mar 30, 2014

NASHIK: 2014's Gudi Padwa could signal better movement for the real estate sector in Nashik after a lull that has lasted for over a year-and-a-half. Considered an auspicious occasion for bookings, the past three months leading up to Monday's Gudi Padwa have seen close to 400 flats being booked in the city. "The festival of Gudi Padwa is well-known as an auspicious occasion to book or buy flats. We are looking at 350 to 400 bookings on Gudi Padwa, on Monday," said Kiran Chavan, outgoing president of the Confederation of Real Estate Developers' Association of India (CREDAI), Nashik. Kiran Chavan said that these 400 flats worth Rs 100 crore had been booked since January 2014. During Gudi Padwa 2013, arou

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Annual India Property show in US from May 3

Date : Mar 29, 2014

Property developers from Kerala, Chennai, Coimbatore, Bangalore, Delhi, Mumbai, Pune, Ahmadabad, Bhubhaneshwar, Trichy and Hyderabad have been invited to showcase residential projects in the 8th Annual India Property Show in the US. The show, displaying wide range of residential and commercial projects across the country, will be held during May 3-18 across cities such as Edison, New Jersey, Houston, Sunnyvale and Seattle. The expo is organised by the US-based real estate investment company Revista Global. According to Riya Sunny, her company have been organising similar shows for the last eight years for the Non-Resident Indians who are on constant lookout to invest in US, UAE or India. Source And Courtsey By:- http://w

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Godrej Properties inks JV to develop new project in Pune

Date : Mar 27, 2014

Realty firm Godrej Properties today said it has entered into a joint venture with two local firms to develop a premium housing project in Pune. Godrej Properties, the real estate arm of Godrej Group, would get 35% profit from the 43-acre JV project. "Godrej Properties Ltd (GPL) has entered into a partnership to develop a residential project in Mundhwa, Keshavnagar, Pune," the company said in a statement. The project would have about 2.8 million sq ft of saleable area, it added. "Like most Godrej Properties projects, this is a joint venture project, with GPL getting 35% of the profits from the project," the company said. According to sources, the JV has been formed with realty firms O

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Journalist Association of India (JAI) Honours Mr. Tarun Shienh as

Date : Mar 26, 2014

Mr. Tarun Shienh, CMD Premia Group was honoured with an award of ‘The Real Estate Guru’ at 21st National Award Ceremony organised by Journalist Association of India at Ashoka Hotel, for his excellence and leadership qualities in Real Estate sector. Sh. Oscar Fernandes MP, Rajya Sabha, Ms. Satya Bahin, former MP, Member National Commission Schedule Caste, (Guest of Honor), Justice S N Aggarwal ( Judge), H K Sethi (Secretary General - Journalist Federation Of India) honored Mr. Shienh as ‘The Real Estate Guru’ and appreciated the way he has worked hard to make the industry organized. Mr. Tarun Shienh has made a stand for himself with his innovative approach, which has come with the vast experience in

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The best real estate plays in 25 years

Date : Mar 25, 2014

The global real estate market in 2039 will be city-centric, with an increased focus on Asia and other emerging markets, and more investment by the public, according to senior executives at some of the world's largest investment firms. The big money sees China, India and other Asian markets as drivers of real estate growth—and investment opportunities. "Asia will be the future of real estate over the next 25 years," said Jonathan Gray, who manages about $79 billion for clients as global head of real estate for the Blackstone Group. "The largest investment markets will be in China, India and other countries in the region given their rate of grow

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'Split augurs well for realty'

Date : Mar 24, 2014

This bachelor's degree holder in mechanical engineering has been associated with the Port City's realty sector for the last 20 years. Earlier president of the Vizag chapter of Confederation of Real Estate Developers' Association of India (Credai), B Raja Srinivas, is now the realty body's chairman and has been recently re-elected chairman for the second consecutive term (2014-15) as well. In a chat with Manish of TOI, the Credai Vizag chapter chairman and realty firm Lakshmi Associates managing director digs deep into the prospects of realty in the city, against the backdrop of bifurcation. What makes Vizag an attractive realty investment destination? It has a cosmopolitan culture, the best law and

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