Residential sales up 13%, launches rise 19% in January-March: Report

BANGALORE | MUMBAI: Residential property market is witnessing green shoots with housing sales growing 13% for the fourth quarter of 2016-17. The surge in the volume was primarily driven by Mumbai, Pune and Bengaluru, which together accounted for 57% of total sales across top-9 cities during the quarter ended March, said a PropTiger.com report. Total residential sales increased to 51,700 units during the quarter from … Continue reading Residential sales up 13%, launches rise 19% in January-March: Report

An Investment Hotbed – What Makes North Bengaluru So Special

Ever since the emergence of the city’s new international airport in this area, there has been an unprecedented boom in north Bengaluru, making it the fastest appreciating property location. As a refreshing change from the confines of the city, there are large tracts of land available here, and this has spurred a number of property ventures. Several factors make north Bengaluru such an alluring destination. … Continue reading An Investment Hotbed – What Makes North Bengaluru So Special

Indian Realty Expected to Grow by 30% in Next Decade, Will Remain a Good Investment

Globally, real estate is recognized as a sector which has the most economic linkages. In India, realty is the second largest employer after agriculture and is slated to grow at 30% over the next decade as the number of Indians living in urban areas is set to increase from 434 million in 2015 to 600 million by 2031, according to the India Brand Equity foundation. … Continue reading Indian Realty Expected to Grow by 30% in Next Decade, Will Remain a Good Investment

Highlights of Union Budget 2017-18

The Budget broadly focussed on 10 themes. The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday, was broadly focused on 10 themes — the farming sector, the rural population, the youth, the poor and underprivileged health care, infrastructure, the financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration for the honest. Following are the highlights of … Continue reading Highlights of Union Budget 2017-18

Where Indians Are Investing Today

Traditionally, there has been a high affinity for physical assets such as precious metals, jewelry and real estate among Indians. This trend has been changing quite rapidly over the last decade. The reasons are varied. One important factor playing a role here has been the increased penetration of financial instruments tapping populations living even in remote villages. The result has been that the ‘only store … Continue reading Where Indians Are Investing Today

Primary sales market to go up in large cities 2017: M Murali, Shriram Properties

By: M Murali, Managing Director, Shriram Properties With the new Government at the centre, we have been witnessing series of radical and transformational reforms – Demonetisation, Real Estate Regulator Bill (RERA), FDI relaxations, GST, Benami Transactions (Prohibition) Amendment Act, Change in Accounting standards IFRS – all coming in a row and in quick succession. Obviously, the year 2017 will see the Indian real estate sector to … Continue reading Primary sales market to go up in large cities 2017: M Murali, Shriram Properties

Housing market to thrive in 2017: Irfan Razack, Prestige Group

By: Irfan Razack, CMD, Prestige Group & Chairman, CREDAI National As far as the industry is concerned, we have been facing certain challenges like the new TDR regulations. There’s also the RERA bill, which is likely to get notified very soon. The GST laws will get notified in the next few months as well. So the industry is looking at a series of new laws … Continue reading Housing market to thrive in 2017: Irfan Razack, Prestige Group

India no longer a jobseekers market as note ban turns the tables in employers favour

Slowly, people are realising demonetisation pain was not only about standing in long queues. Impact that can last for at least two quarters is kicking in now. Most visible impact is in the jobs market which has suffered a temporary bust. Post-demonetisation uncertainty has made employers cautious. Fresh hiring has nearly stopped, increments are likely to go down and attrition has come to a grinding … Continue reading India no longer a jobseekers market as note ban turns the tables in employers favour

Bangalore Development Authority plan: Scrap green belt, shift job hubs to outskirts

The growth of Bengaluru could shift to its outskirts if the government decides to implement the strategy of optimal growth. In its preliminary presentation on the revised master plan 2031, the Bangalore Development Authority has indicated that banning all commercial developments in the heart of the city and moving employment zones to the outskirts is the best way to go about the city’s growth. The … Continue reading Bangalore Development Authority plan: Scrap green belt, shift job hubs to outskirts

Why you should buy a flat in a township?

A township is a complete and all inclusive cluster of residential and commercial buildings with accompanying infrastructure such as internal roads, schools, hospitals, gardens, convenience shopping, and other state of the art amenities- in short all things that provide a great living experience. There is a dearth of residential options in fast-growing cities like Mumbai. All major cities like Mumbai are expanding boundaries and integrated … Continue reading Why you should buy a flat in a township?