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The Future of the Commercial Indian Real Estate Sector – RealtyMyths

by Mr Arnab Ghosh, Director, Synergy Property Development Service The commercial real estate sector in India is predicted to grow in the coming years; this upward trend specific to the sector has been further accelerated by large scale investments by institutional investors. These have helped consolidate the sector and bring in much-needed order to the field. The commercial real estate market remains a strong beneficiary of India’s economic growth. The commercial segment has been greatly boosted by government initiatives such as Make in India and other reforms in the realty sector such as the introduction of the Real Estate Regulatory Authority (RERA) and GST. Despite their initial troubles, developers and buyers have now hailed the move due to the resulting transparency and competence of ...

SEMrush and Colliers International unveils Indian Real Estate Market Trends for 2019 – RealtyMyths

The joint report – ‘Digital Real Estate – Winning the Indian Market with Data’ highlighted the role of technology in the Indian real estate market and forecasted future trends SEMrush, the online visibility management and content marketing SaaS platform and Colliers International unveiled the exclusive joint study ‘Digital Real Estate – Winning the Indian Market with Data’ in an event held at Hotel Le Meridien, New Delhi on 26th February 2019. The mega event organized by SEMrush also marked announcement of the top 20 most searched Real Estate players of India and top 10 most searched cities for Real Estate properties in India. The joint report by SEMrush and Colliers International revealed the first ever ‘Digital Real Estate Insights’ with data collected for demographics,...

Indian Real Estate Outlook: Reflections 2018 & Expectation 2019

  Mr Parveen Jain, Vice Chairman,  NAREDCO & CMD Tulip Infratech In the context of the Indian Real Estate market in the year 2018, this year can certainly be considered as better for the Real Estate industry in comparison to the last two years. The reasons for this can be attributed to the normalization of the situations mainly with regards to demonetization, implementation of GST and RERA (Real Estate Regulation Act). This year saw the after-effects of the above-mentioned factors having got subsided and the Real estate industry, buyers, investors, developers and all stakeholders coming to terms with them in the normalized circumstances.  In the past two years, the major factors like demonetization, implementation of GST and formulation of new policies like RERA had affected the Real E...

Kumari Builders and Developers invests Rs 300 crore in 46-acre villa project

Kumari Hamlets balances the stress of urban living with lush green spaces and more Kumari Builders and Developers is investing Rs 300 crore in a 46-acre villa project in the city. Through this investment in Kumari Hamlets, the Bengaluru-based residential real estate developer is expanding its property portfolio by 1.8 million sq ft. Kumari Builders and Developers was founded with the foremost objective of fulfilling the housing needs of working professionals. Its aim is to help young professionals take their first step into affordable independent living. Ashok Naidu, Director, Kumari Builders and Developers, says, “We are investing Rs 300 crore in Kumari Hamlets as it is one of our most promising projects. We have built a space where you can be with nature. Here you get to relax, refresh a...

Highways – the backbone of Indian Real Estate market

Pooja Bhatia Road construction in India is moving in the fast lane. As per the data released by the Road Transport and Highways Ministry, 10,000 km of highways were constructed in 2017-18, ending March 2018. Which means there is an average daily road construction of about 28 km per day. In addition, data released by the National Highways Authority of India (NHAI awarded about 7,400 km of construction projects in FY18 as against 4,300 km projects awarded in FY17. Only recently, Union transport minister Nitin Gadkari announced doubling of the length of national highways from 1.15 lakh km to 2 lakh km by the end of 2019. Going by the current pace of expansion, it is natural for us to expect major economic benefits from it. Another factor associated with highways expansion, or in other words, ...

Election results play a big role in real estate consumer sentiment: Anuj Puri, ANAROCK Property

If you want to know what Indian Real Estate is and how it works, you just need to have a coffee with a person who has ‘Been There, Done That’. Yes, by spending almost three decades in the sector, Anuj Puri knows it all. He recently commenced his own venture, ANAROCK Property, disassociating himself with JLL after almost twenty years. Team RealtyMyths got an opportunity to interact with the man himself about his plans at ANAROCK Property and his opinion about the sector at large. Here are the excerpts of the interaction. After being associated with JLL for more than 20 years and witnessing it grow inch by inch, how difficult it was to part your ways and start on your own with ANAROCK Property? What objective do you want to achieve through ANAROCK Property? It wasn’t difficult. W...

Declining Housing Sales – The Devil in the Data

Anuj Puri, Chairman – ANAROCK Property Consultants From observing residential market trends over the past five years, it clearly emerges that 2013-14 was the last year where things still looked vibrant for the sector. Housing sales began plummeting after that, and there is no clear revival in sight as yet. A quick trends assessment for the past 5 years reveals that during 2013-2014, an average of 3.3 lakh units were sold annually. Thereafter, with too many project launches facing off with decreasing demand, unsold inventory began piling up across the top 7 cities of India. Housing sales dropped significantly in the 2015-2016 period. On an average, only 2.7 lakh units were sold across top 7 cities of India during 2015-16, recording a significant drop of 17% from the average sales of 2013-14...

Vianaar launches El Tesoro in North Goa

‘The increasing popularity of North Goa encouraged Vianaar, one of Goa’s finest real estate developers today, to launch its 12th project El Tesoro, luxury 2BHK apartments in Siolim, North Goa, about 3 kilometers from the famous Siolim Church’ Souma Mukheree / RealtyMyths Goa is one of the main tourist cities of India; attracts millions of visitors every year both domestic as well as international. It is this feature and the natural beauty of the city that has attracted real estate developers as well. Talking about the property market in Goa, like the tourist spots, it is primarily divided into two parts, North Goa, and South Goa. While the north is considered more of an investment market, South Goa is slightly on an affordable side catering to home buyers. North Goa is popular ...

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