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News Home M3M buys Sahara’s Gurgaon land for Rs1,211 crore Date : Dec 5, 2014 Bengaluru: The Sahara group, which has been struggling to sell its assets both overseas and in the country to raise money for the release of its jailed chief Subrata Roy, has managed to sell off a large parcel of land to Gurgaon-based real estate firm M3M India Pvt. Ltd for Rs.1,211 crore, said people familiar with the development. The 185-acre piece of land situated in Chauma, near the Gurgaon-Delhi border, is one of four land parcels Sahara said it has signed sale agreements for last week. The others are in Jodhpur, Vasai (near Mumbai) and Pune. M3M intends to develop a smart city on the Gurgaon land in the next five years or so, said Pankaj Bansal, director, M3M. “We intend to create a mixed-use development consisting of br Low Interest Rates Can Give a Positive Boost to Real Estate’: Niranjan Hiranandani Date : Dec 4, 2014 Given the ‘challenging phase’ as a result of the economic slowdown in the past couple of years, the change in Government at the Centre had evoked positive sentiment among all stakeholders in Indian real estate. “The focus of Prime Minister Narendra Modi’s Government seems to be on ‘affordable housing’, and going by Union Urban Development and Housing minister M Venkaiah Naidu’s promise of a turnaround in the real estate sector, all stakeholders in Indian real estate are looking forward to ‘Better Days’,” said Niranjan Hiranandani, MD, Hiranandani Constructions. “For the home seeker as also the real estate industry, expectations have been high. Given the impact 9 Red Flags to Watch for When Picking a Real Estate Agent Date : Dec 3, 2014 The proliferation of online real estate information makes it easier than ever to be an informed consumer when buying or selling a home. Yet the digital revolution has done little to lessen the importance of choosing the right real estate agent to work with you. The right agent can help you buy your dream house or sell your existing home quickly. The wrong agent can botch the transaction, leaving you with egg on your face and nowhere to call home. Despite the high stakes, many buyers and sellers give little thought to choosing an agent, whether they’re buying or selling. “They get dazzled by these great listing presentations,” says Michael Soon Lee, regional manager of Better Homes and Gardens Mason SEBI permits 123 alternative investment funds to operate in India Date : Dec 1, 2014 New Delhi, Dec 1: Market regulator SEBI has allowed as many as 123 entities to set up AIFs – newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds – in less than two-and-half years. The 123 Alternative Investment Funds (AIFs) have been registered with the Securities and Exchange Board of India (SEBI) since July 2012. Of these, around 34 entities got the market regulator’s approval to operate so far this year (January-November), 67 in 2013 and the remaining 22 in 2011. The AIFs that have registered with SEBI in November are Religare Dynamic Trust, Indus Way Emerging Market Fund and Carpediem Capital Partners Fund and those registered in Octo Real estate sector witnesses growth in Assam Date : Nov 30, 2014 The north-east is not far behind the rest of the country when it comes to growth in the real estate sector. Guwahati is fast emerging as an investment hotspot with a growing demand for real estate resulting in huge expansion in both commercial and residential complexes. Guwahati, like most of the other bigger cities in the country, has in the recent years witnessed a sharp increase in the demand for flats, both for residential and commercial purposes. Vimal, a State Bank of India (SBI) official here, said there is a huge demand for flats in Guwahati. "There is huge demand for flats in Guwahati because of limited land availability whereas in other parts of Assam the demand is greater for private housing construction. Priyanka Chopra to endorse real estate company Unnati Fortune Group Date : Nov 29, 2014 New Delhi: Bollywood actress Priyanka Chopra was Thursday roped in to endorse Unnati Fortune Group, a real estate entity. The "Barfi!" actress will be seen in marketing and promotional campaigns that would be rolled out shortly by the group. Expressing her excitement, the National Award winning actress said in a statement: "Unnati Fortune Group is a brand that stands for cutting-edge innovation, quality and timely-delivery. It is a brand that has redefined the real estate space in Delhi-NCR. "Their designs and values are unrivalled and it is a great privilege for me to be associated with them.” Priyanka turned out to be a perfect fit for the group as she "tru Land value soars 6-fold in 3 years: Robert Vadra makes biggest killing in Rajasthan Date : Nov 28, 2014 Investment's made by Robert Vadra in the desert state of Rajasthan multiplied six times in three years under the Congress government run by Ashok Gehlot. Soon after Vadra began his land buying spree, the Central government announced plans to promote solar-energy production, a land-intensive project for which Rajasthan was well-suited, turning his investments into hot property. The value of his investments rocketed when those setting up solar power projects began chasing his property due to its proximity to the grid into which the power was to be fed. A report in the Indian Express today points out that Vadra made profits up to 600 percent within three years of investment in real estate in Rajasthan. As Firstbiz had repor Upside of bullet trains: The costs may be high, but benefits are understated Date : Nov 27, 2014 Of all the exciting new ventures Prime Minister Narendra Modi has announced, there seems to be the least optimism for high-speed rail (HSR), colloquially referred to as bullet trains. This is quite puzzling, for given India's size, population, and ramshackle transportation networks, one would have expected relief from at least the urban and semi-urban middle class. Critics of HSR in India have raised objections primarily over cost and traffic. Bullet trains will need entirely new infrastructure and tickets will not be cheap; unlike Japan or France, the average Indian may not be affluent enough to afford travel on this white elephant. These are both valid points yet show a greater pessimism for the overall context of HSR in I Slum rehabilitation in India: good intentions, severe challenges Date : Nov 24, 2014 Abhishek Kapoor, a partner at Neumec Group, a Mumbai-based developer, talks about slum rehabilitation. How did you get into slum rehabilitation? The scheme was started by the government of Maharashtra. They could not do this slum removal from the city of Mumbai on their own. So they decided to float a scheme to involve private individuals and parties to support them and work towards clearing slums from Mumbai. Before that we were just doing normal real estate and land, normal development. We started studying it and some of the projects to understand how it operationally works. Of course, in the initial years there were a lot of teething problems in terms of understanding the scheme itself and how it would work, vacating the Have a real estate gift? Factor in tax rules Date : Nov 22, 2014 By Prashant Bhojwani Real estate occupies a substantial share of an individual’s asset base and it is not uncommon for ownership of real estate (referred to as property) to pass on to family members by way of a gift or under a will. A gift in common parlance means something given voluntarily without payment in return (i.e. for ‘Nil’ consideration), while the meaning as per the Transfer of Property Act, 1882 is transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person to another. Generally, a gift of property is documented in writing by a gift deed. In this article, income tax implications on gift of property (held as an investment i.e. a &ldqu Why Does Everybody Love to Hate the Indian Real Estate Sector? Date : Nov 21, 2014 The Ugly Caricature of Indian Real Estate as an Industry Controlled by Corrupt Despots is Naïve, Hopelessly Outdated and Extremely Damaging, Says Anuj Puri, Chairman & Country Head, JLL India Over the years, Indian real estate has been a seemingly limitless source of negative hype. Scams, controversies, rumblings about delayed projects, agitations by consumers and debates about the over-/under-regulation of the real estate sector have all provided ready cannon fodder for countless publications, internet forums and assorted activists. In fact, the real estate sector has drawn more media flak and outrage than any other industry in India. This tempts the question - why is Indian real estate a sector that ever JLL CEO Discusses Key Real Estate Market Issues Date : Nov 20, 2014 Alastair Hughes, CEO (Asia Pacific) of JLL real estate group, has spoken to BusinessLine to share the real estate market issues currently affecting investors and corporate leasing in India. Highlighting India as a key player for investment, Mr Hughes argued that the country has seen a dramatic recovery following its economic slump between 2010 and 2011, and is now "in sync" with the rest of the Asia Pacific region. Although admitting that India was behind regional giants including China and Japan in terms of investment just 18 months ago, Mr Hughes has suggested that India is now the centre of attention. According to Mr Hughes, an increase in money flowing into the Indian market is likely to prompt a Real Estat |
  
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