GST off the table for now: NDA
The National Democratic Alliance (NDA) government on Wednesday signalled that the goods and services tax (GST) is off the table for now, admitting a setback to its reform agenda, but also putting the onus on the Congress, which has blocked the passage of the bill. A person familiar with the development made it clear that the constitutional amendment bill will definitely not come up in the remaining period of the winter session and that the Bharatiya Janata Party-led (BJP-led) NDA is not clear when it will come up during the budget session.Source: LiveMint:
‘Delhi’s Khan Market most expensive retail spot in India’
Khan Market in New Delhi is the most expensive retail location in India and the 24th worldwide, a report by global real estate services firm Cushman & Wakefield said on Thursday. “Khan Market is the most expensive market in India since five years, as demand for retail space has remained steady owing to its upscale location and current occupier profile,” the report noted, ranking the posh shopping place at the top.
Source: Morung Express;
With the onset of global industrialisation back in the 18th century, gradually came a time when the demand for its final product, ‘Real Estate’ started to catch up pace. As real estate rose in demand, providing its supply began to create environment damaging residual in the form of deadly ‘emissions’. Although, with an enthralling support that our country received at the Global Climate Summit 2015 in Paris; India is all set to go green in ways of future development where realty sector is all set to be the prime contributor. RealtyMyths
India one of the most proffered real estate markets in Asia Pacific, says report
Overseas funds accounted for more than 50% of all investment activity in India in the last one year, compared with just 26% for the whole of 2013, the consultancy firm said in a report titled Emerging Trends in Real Estate Asia Pacific 2016 released on Wednesday. “Flows of foreign capital to India began increasing dramatically at the end of 2014, with the amount invested growing almost 200% year-on-year by the middle of 2015,” the report said, citing data by Real Capital Analytics that provides information on commercial property.
Source: Real Estate News;
New zonal policy to strengthen Gurgaon’s infrastructure, says Khattar
“As per the policy, we will first start work in habituated areas and later take up other areas. For this, we are assimilating resources and may turn to financial institutions, if needed, to finance infrastructure projects. We will also recover the pending external development charges (EDC) — that is running into thousands of crores — from developers,” Khattar said while interacting with developers and representatives of the Confederation of Real Estate Developers Association of India (CREDAI) during a two-day seminar in New Delhi.
Residential realty to see up to 14% return: Report
In last three years, Hebbal in Bengaluru and Ulwe in Mumbai have given annual returns of 19% and 14% respectively, says the report. But the CAGRs in Dwarka Express way and Noida Extension in NCR are 4% and 2% respectively in the same period. In other suggested places by the consultancy firm, the returns during the last three years have been 6-14%, better than the average appreciation in the respective city. “The performance in most of the selected destinations has been on track so far except Dwarka Expressway and Noida Extension markets in NCR,” says the report. Source:TOI
We believe in customer delight and satisfaction – Mr. Santraj Kasana, CMD, Morpheus Group
The humble entrant in real estate industry, Mr. Santraj Kasana, the CMD of Morpheus Group, is an example of acumen. His natural business instincts with an eye on the future have made Morpheus Group a name to be reckoned with in the industry. Mr. Santraj Kasana upholds strong Professional Values & solid business skills. His business acumen was build up on his underlying belief in commitment and people; leading to a totally committed work force.