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Gulshan Homz

India’s retail sector expected to become $1.3 trillion of size by 2020: Asma Javed

Real Estate is a sentiment-driven sector, where market sentiments play a major role in defining its growth path. But when it comes to retail space, real estate’s one of the subsets, it is the market trends and projects that guide the sentiments. And, it is this difference that Ms. Asma Javed, in her candid conversation with Team RealtyMyths, explains to us. Ms. Javed recently moved to Gulshan Homz as Head-Leasing Retail Commercial, where she will take care of the retail leasing division. It was a pleasure talking to her. Here are the excerpts of the conversation. RM: Gulshan Homes is known for its construction quality and is one of the biggest names in the NCR real estate market. What are your expectations from the company, now that you are a part of this name? AJ: Well,  Gulshan Hom...

RBI Repo Rate Cut: A Significant Boost Ahead Of The Festive Season For The Real Estate Sector

by Santosh Sinha The real estate industry welcomes the decision by the Reserve Bank of India to cut the Repo Rate by 35bps, 4th consecutive rate cut in the year 2019. And why not, the sector is about to enter the festive season. The real estate developers expect to boost their sales in the upcoming quarter, provided the respective banks pass on the benefits to the end consumers before that. Anshuman Magazine, Chairman & CEO, India, South East Asia, Middle East & Africa, CBRE, describes, “The Reserve Bank of India’s decision to cut the repo rate by 35 basis points is a welcome move. In a scenario where there is pressure on GDP growth, the move will spur investment and boost consumption activity in the economy. We believe that this announcement might result in a further reducti...

Modi Returns, Will The Real Estate Reforms Return Too!

Modi is back! Yes, a month-long festival of democracy came to an end with the verdict going in favor of the Narendra Modi-led NDA government. Remarkably, this time the brand Modi broke its own record and came back with more seats than 2014. Among all, the business community was the one which started the celebration from the morning itself. The Sensex opened with a 500 points rise and crossed 40,000 marks, a first in the history of Sensex. The real estate sector too showed the jubilation, and why not! being sidelined for long, the real estate sector came into limelight only when the Narendra Modi came into power. The destiny of India’s real estate started changing only when the Modi-led NDA government realized the importance of ‘house’ and thus, tried to put the house in o...

Experts Believe RBI Repo Rate Cut To Boost Real Estate Market Sentiments – RealtyMyths

Moving on the expected lines, the Reserve Bank of India (RBI), country’s apex bank, today reduced the Repo Rate by 25 basis points. This way, RBI reduced the key lending rate for the second time in a row, bringing it down to 6%. RBI also cut the reverse repo rate by 25 basis points to 5.75%. The move is going to have a direct impact on the bank’s interest rates. All the banks are expected to reduce their lending rates significantly. This will lower the EMI burden on home loans for many. It is, therefore, that the experts are calling it as the ‘perfect start’ of the financial year for the real estate sector. “Back-to-back repo rate cuts by the RBI are indeed the perfect start to a new financial year, resulting in overall reduction of 50 basis points since Febru...

Real Estate Gets Double Dose Of Happiness, Hails RBI’s Repo Rate Cut After Budget Bonanza

In an unexpected move, at least the market experts would agree to it, the Reserve Bank of India today cut the key Repo Rate by 25 bps, bringing it down to 6.25 percent. RBI was doing the 6th bimonthly monetary policy review, and first under its new Governor Shaktikanta Das, who replaced Uriji Patel after the latter’s sudden exit from the post. With this rate cut, the Apex Bank also changed its policy stance to “neutral” from “Calibrated Tightening” as inflation continued to remain under 4 percent target since last 4 quarters. Clearly, the market cheered for the rate cut as it was first rate cut after April 2017. Moreover, the market is still in the budget hangover, last Friday the government announced many soaps that would bring positive impact to the market. ...

RERA takes effect; Developers Rushing on Project Completion

According to the Industry specialists developers are presently investing in speedy completion of their projects to comply with the “timely completion“ clause of the Real Estate Regulatory Authority (RERA), which will come to effect from May 1 in every state and Union territory, incongruity with the Real Estate (Regulation and Development) Act, 2016, passed by Parliament last September. RM Correspondent, A few specialists, however, say that RERA is not the only reason. “Developers are rushing to complete their current projects, especially the ones in an advanced stage of completion, as abiding by all the regulations in RERA for a project under construction is more difficult than launching new projects under this regime. If they manage to complete their projects before RERA comes into effect...

The dooms day is inevitable – Act Now or Extinct!

Souma Mukherjee The hideous smog in Delhi took away all our smiles for a week and is still continuing. The center and state Government played their own set of politics. Some protested at Jantar Mantar, a mask for some was a new accessory, and the rest celebrated an extended Diwali. Media went full throttle with all the updates, tips, even selling masks, but all in vain. According to a new WHO report, New Delhi was the 11th most-polluted city, in India while Gwalior (2), Allahabad (3), Patna (6) and Raipur (7) figured in the top seven. Even though the current report says the air is hazardous, yet who cares? Demonetization is the new stunt to get all the attention. It’s horrendous to see how we act in herds like a twitter trend (mostly paid) and move on. Ironic! Rapid industrialization, cons...

Finally a big win for Home Buyers – Rajya Sabha passes the Real Estate Regulatory bill

Souma Mukherjee/RealtyMyths The passing of the long-pending Real Estate Regulatory Bill, which was being hotly debated and second-guessed for far too long, is an unequivocal victory for the Indian real estate sector. Its enactment as a law will almost single-handedly revamp the way this sector works across the board, from developers to end-users and investors, to lending institutions and government agencies involved in the buying and selling of property. It is by far the most decisive step the sector has taken towards transparency and reaching towards the kind of standardized processes, procedures and accountability guidelines that the industry requires to progress. Industry Reacts:  Anuj Puri, Chairman & Country Head, JLL India shares, the real estate industry welcomes the major refor...

GULSHAN HOMZ launches GULSHAN BOTNIA in NOIDA

Gulshan Homz announced the launch of its much awaited residential project ‘Gulshan Botnia’, which is to be developed at Sector 144, Noida Expressway After a series of quality constructions and on-time deliveries, NCR realty major Gulshan Homz has announced the launch of its much awaited residential project ‘Gulshan Botnia’, which is to be developed at Sector 144, Noida Expressway. After an enthralling response received for their previous two developments on the Expressway, namely ‘Gulshan Vivante’ and ‘Gulshan Ikebana’, this is their third in line to be developed in the region. Gulshan Homz project will offer 2/3 BHK apartments with five unit plans starting from 1,025 sq. ft., 1,160 sq. ft., 1,355 sq. ft., 1,370 sq. ft. and 1,475 sq. ft. The total area of land under development would be 21...

Union Budget – Will the fate of real estate change !

Souma Mukherjee/RealtyMyths India being one of the fastest developing and growing economies across the globe is not leaving any stones unturned to carry this feat for the construction sector as well. Back in 2014, the Mr. Modi led NDA government stormed into power with its prime motives being economic development along with an enhancement of citizen’s lifestyle, for which several plans were formed. Food, clothing and shelter contribute towards the basic needs of everyone and the government has already begun its work on the fooding and clothing parts through employment generation and stress on education. To make sure that shelter is made available to all, plans like Housing For All, Smart Cities and AMRUT are already underway. “Modi government’s plans and work on the housing and infrastruct...

Real estate sector gets its first 20 smart cities in the ‘Smart City Challenge Mission’

In an exclusive press conference held at New Delhi, chaired by the Minister of Urban Development Shri M. Venkaiah Naidu, 20 urban areas of the country have been declared to be revamped into future Smart Cities. Out of the 98 cities declared back on 25th June, 2015, 97 cities had made it to the ‘Smart City Challenge Mission’ out of which 20 have been finally chosen in its phase 1. On the basis of the ‘marks’ achieved, 20 declared cities in the descending order are as follows: Bhubaneshwar, Odisha Pune, Maharashtra Jaipur, Rajasthan Surat, Gujarat Kochi, Kerala Ahmedabad, Gujarat Jabalpur, Madhya Pradesh Visakhapatnam, Andhra Pradesh Sholapur, Maharashtra Davangere, Karnataka Indore, Madhya Pradesh New Delhi Municipal Council Coimbatore, Tamil Nadu Kakinada, Andhra Pradesh Belagavi, Karnatak...

Gateway for key real estate regions of Delhi NCR

Recently, Honourable Prime Minister of our country, Shri Narendra Modi today launched a mammoth Rs. 7,500 crore project for the widening of Delhi-Meerut Expressway and replace it with an expressway to decongest the National Capital and nearby regions. The alignment of Delhi-Meerut Expressway will begin from Nizamuddin Bridge from Delhi and continue on the existing NH 24 upto Dasna, which will length to about 30.38 Kms. Between Delhi and Meerut there is only one route at present, NH 58, on which traffic remain jammed at several places. The project is estimated to be completed in 30 months. The entire project is proposed under four packages with the three packages Nizamuddin Bridge to UP Border, UP Border to Dasna and Dasna to Hapur project cost at Rs. 2,809.60 crore. The fourth package will...

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