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Transforming Puducherry into a smart city: JLL

Puducherry, formerly called Pondicherry, was historically a French colony and still retains much of the ethos of its French heritage and architecture today. This extremely famous tourist destination is renowned for its long beach promenades, large boulevards, colourful houses reflecting both French and Tamil architecture. The city has a highly-organized grid pattern of streets, fascinating heritage monuments and its very own Tamil precinct. A. Shankar, National Director & Head of Operations – Strategic Consulting, JLL India All these facets have, over time, ensured that Puducherry continues to stand apart – as a tourist location and as a unique city in India. WithAuroville being an important magnet, the city recorded 1.07 lakh foreign tourists in 2016 accounting for 11% annual growth. ...

Should You Buy A Home In Pune This Festive Season?

There are many reasons why people decide to get off the rental housing bandwagon and buy their own homes. One of the most important ones is that a self-owned home is an investment-grade asset which appreciates and safeguards one’s financial future. Kishor Pate, CMD, Amit Enterprises Housing Ltd. Also every family has a cherished dream of having their self-owned house, which is a lifetime shelter for them as well as for the future generations. Having a home of their own is the fondest wish of every Indian family. Among other things, the Indian festive season celebrates wealth and prosperity, and nowhere is this spirit displayed more strongly than in Maharashtra. For realizing the cherished dream of a self-owned home, all aspire to look for property during the festive season. Even from...

2nd Edition of India Kitchen & Bath Show sets a new benchmark

Souma Mukherjee The second edition of India Kitchen & Bath Show 2016 grabbed some attention in the capital. People moved in with great expectation and exuberance. The three day show brought together buyers and traders in kitchen and bath equipment, OEM white goods, accessories, kitchen and bath furniture and fittings, lighting products with architects, interior designers, builders, project managers, consultants, procurement heads across the hospitality, corporate and government sectors. Some of the brands which primarily grabbed attention were, Hafele, Geberit, Godrej Interio, Century Ply, Kkolar, Labacha, Saniflo, Hardwyn, Blum, Liebherr, Nagold, Glint Faucets, Lifetime, Brassage, Ecostone, JB Glass, Slimline, Karcher, Wadbros, Aquarium Bath, Sanituf, Mahalaxmi lumbers, Supreme Solar ...

Gurgaon Pataudi Road: The Rising Star of NCR Realty

“Gurgaon Pataudi Road is one of the newest realty markets around Gurgaon.  Properties on Gurgaon Pataudi Road are expected to see an appreciation of around 15-20% in next two-three years. The road lies in close proximity to Dwarka-Gurgaon Expressway, Kundli-Manesar-Palwal Expressway, and NH-8” Santosh Sinha Be it the sky-scrapper housing colonies or the multinational offices queued alongside the expressway or the expressway itself, Gurgaon has always been a preferred real estate destination. Addition of Rapid Metro and commissioning of three peripheral roads have further enhanced city’s overall infrastructure. It has not only uplifted the realty markets within Gurgaon but has also given a fillip to peripheral localities. One such location is Pataudi, the princely state on the b...

JCB India unveils ‘Made in India’ range of machines; to transform material handling industry

“JCB India unveiled Telehandlers, Skid Steer Loaders and Super Loaders series of machines. JCB India believes that these heavy duty machines would play vital role in developing Smart Cities and can help eCommerce and logistics industry manage their warehouses smoothly” Santosh Sinha Strengthening the Modi Government’s ‘Make in India’ campaign, JCB India, country’s leading manufacturer of earth-movers and construction equipment, launched its ‘Made in India’ range of products named Telehandlers, Skid Steer Loaders and Super Loaders. Mr. Vipin Sondhi, MD & CEO, JCB India unveiled the three class leading machines in a press conference yesterday followed by a live demo session involving all the three machines showcasing their might. These machines are made available to the India...

‘Assured Returns’ Schemes: To Opt or Not

Ramesh Sharma Assured returns schemes are one of the marketing techniques which make a project lucrative for investors. With a situation where every project in the market is delayed by at least two years, assured returns offer a sense of guarantee of a regular income to the investors. On one hand the investors keep getting a certain amount of return on their investment even when the project gets delays and on the other, the developers get the fund to execute the project. This makes a win-win situation for both. Why Assured Returns Schemes This scheme originated out of the necessity for funds. Post economic slowdown, the banks became more reluctant to lend to developers, or demanded an interest rate of 17-18 per cent on construction loans. This made developers to look towards open market. T...

BREXIT: No big impact on PE flows into Indian realty

In the aftermath of the Brexit where the UK decided to exit the European Union, the markets are volatile and the value of the pound has declined sharply. With considerable uncertainly and no real precedent, Asia Pacific real estate investors and corporate occupiers are looking to mitigate risk. According to JLL experts, Brexit could bring short term opportunity for international investors although market sentiment will remain cautious. In Asia Pacific, local occupiers and multinational companies serving domestic economies will help to insulate the region from volatility. JLL Asia Pacific CEO Anthony Couse says: “The repercussions are being felt around the globe and we are likely to see a temporary slowdown in demand from Asian occupiers with operations in the UK. However, in the long term,...

Bollywood stars – The other side of the wall

“Bollywood stars, the larger than life characters too, want their own private space to spend time with their loved ones. We call that space as Home. Indeed, being celebrities, their taste and flavor do reflect from their homes as well. Let’s peep into some of such homes” Souma Mukherjee Firstly, celebrities are human. Though, idol worship has always been a convenient option to preach.  Home of celebrities (the true one’s I mean) have been a place of worship. Thousands of visitors all around the country make a visit to get a glance. We always imagine what goes on the other side of the wall? A Mecca for fans while a home for the other. A space that defines their inner self, freedom, and peace. After an all-day long hectic schedule, a space is what they look for.  Leading a ...

India, FDI and Smart Cities: The race for fastest economy

“The government is eying big on inflow of FDI and Smart Cities. FDI is critical to sustain the economic growth. The government believes that Smart Cities would help it attract adequate amount of FDI. The efforts have started showing results as well. Still, it is the execution and development of these cities that will decide the future of this ambitious project. If the government wants to take the GDP beyond 8 per cent and become fastest growing economy, proper planning and development of Smart Cities becomes critical” Santosh Sinha Foreign Direct Investment or FDI is one of the major ingredients of Economic Growth. There is a strong relationship between foreign investment and the growth of an economy. For instance, if the economy has to grow by 7 to 8 per cent per year, at leas...

Buyers Vs Builders: The Fight For The Right

“Buyers are all against the builders. Thanks to project delays. Project delays have created a mess in the real estate market. As per a recent industry report, a total of 2,40,364 million sq ft of residential area was completed in the year 2015 as compared to 4,80,242 million sq ft in the year 2010. Buyers are now completely against builders and are hitting from all the corners. Be it on ground agitations or a war on social media, they are not shying away from the fight to get their right” Souma Mukherjee Yes, the wave of revolution has hit the shore. Home buyers are out on the streets, courts, consumer forums, and social media platforms to fight for their right. The battle in between the builders and the buyers is getting fierce. The suppressed anger is creating rebel groups ag...

RBI & its Status Quo: Increasing Concerns for Real Estate

“Real estate sector was very hopeful that RBI would slash repo rate by at least 25bps. It is quite evident that the sector is struggling to generate sales and is over-burdened with piling inventories. A rate cut now would have helped it convince buyers and boost sales” Santosh Sinha The Reserve Bank of India today concluded the second bi-monthly monetary policy review for the current financial year.  RBI’s Governor Raghuram Rajan, known for going by instinct and offer surprises, today behaved on expected lines. RBI kept the key Repo and Reverse repo rates unchanged. These rates remained at 6.5% and 6% respectively. Though some sections of the industry were quite hopeful of a 25bps cut in repo, rest of it expected a ‘status quo’ from the Apex Bank. RBI chose to remain cautious a...

Raghuram, Rate-Cut and Real Estate

“Raghuram Rajan’s tenure as RBI Governor is ending in September 2016. Real estate, which is reeling under shadows of slowdown would want him to continue. Though the likelihood of him continuing his second term is not clear. What seems clear at this point of time is that there shall be a ‘status quo’ in tomorrow’s bi-monthly monetary policy review” Santosh Sinha Reserve Bank will tomorrow do the bi-monthly monetary policy review. As always, industry is keenly looking at Raghuram Rajan. However, one major difference, this time, is that the industry is more interested in knowing future course of the RBI Governor than the rate cut he does. Industry knows that extension of Raghuram’s tenure shall have a greater impact that a mere 25 bps cut. To some extent, t...

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