Latest Real Estate News Delhi, India - Real Estate market in india

JM Housing

Industry hails the rate cut, says “Yeh Dil Maangay More”

The real estate sector was looking at the RBI governor with eyes wide open. The sector is reeling under tremendous pressure. The sluggish demand coupled with costlier loans has broken developers’ confidence. Investors too, have been shying away. Though the recent budget announcements have raised some hope, it all came back to RBI and its governor Raghuram Rajan. Industry was little skeptic, will Raghuram cross the ‘Lakshman Rekha’ this time! Finally, to everyone’s surprise, RBI cut its REPO Rate by 25 bps and brings it down to 6.5%. A first rate cut of FY17, it came after 6 months. The last rate cut had happened on September 29, 2015 when RBI had slashed the repo by 50 bps. Let’s hear how the industry reacted it this: Anil Kumar Sharma, CMD, Amrapali Group – T...

JM Housing Awarded ‘Best Residential High-rise in Noida’ by ASSOCHAM

In a recent summit organised by ASSOCHAM India, SMART CITIES: SMART INDIA, NCR’s establishing real estate developer JM Housing was awarded the ‘Best Residential High Rise in Noida’. The award was conferred in the presence of cabinet ministers Shri Nitin Gadkari and Shri Prakash Javadekar. The summit was organised on the lines of the Union Government’s Smart Cities Mission under which 98 urban areas are to be developed as smart cities. It is warming to see that a body like ASSOCHAM has recognised Noida as a region which does not belong to the ‘Smart List’ but has performed at par with what is expected from the areas under consideration. Being a neighbour of the capital of our country, it always received the fruits of acceptance by people more than any other region of the NCR. On the develop...

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...

Noida not in the list of smart cities of Uttar Pradesh

New Okhla Industrial Development Authority or Noida, as we know, has been a benchmark in the real estate sector of NCR for over a couple of decades. Being a neighbour of the capital of our country, it always received the fruits of acceptance by people more than any other region of the NCR. On the development front as well, Noida has been a skyline of NCR with infrastructure on a continuous development and upgradation spree. For Uttar Pradesh’s list of 12 announced Smart Cities against the 13, Noida couldn’t make it in. But the kind of development that it has witnessed over the years, along with the promise of better future, it does not look that this region requires a Smart City tag. In fact, in the eyes of the corporates and public, Noida as a region scores much above several cities short...

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...

Smoother 2016 in sight for Noida and Greater Noida Market

Team RealtyMyths Being one of the prime contributors towards Indian GDP and employment generation, a lot is always expected out of the real estate sector. This sector alone is responsible for being a user for over 30 allied industries and sectors. As we bid a goodbye to 2015 and gear up for 2016, a lot has changed since the beginning of this year where several major announcements were made for infrastructural developments and the country in general that will highlight realty sector as its backbone. Much was delivered during the course with still some left in pipeline for the next year. ROLLER COASTER RIDE IN 2015 Year 2015 began quite well riding high on positive market sentiments due to current government’s enthralling victory back in 2014. Since then, a lot was expected out of them to as...

Realty gets considerate towards climate

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. “There is no denying in the fact that preparation of raw materials and finally, the entire construction process discharges vicious residuals that can harm the environment. Since industrialisation and emergence of real estate industry, there has been no looking back in t...

In coversation Rupesh Gupta, Director, JM Housing

Please share your outlook on the Noida realty market? Noida realty market has been one of the best performing real estate markets in the NCR and has got some of the best names in the builders’ fraternity present there. This makes it very competitive, wherein it makes very obvious on the grounds that optimum quality will be delivered at apt prices. Please share brief about your ongoing projects? How many projects are you planning to launch in the current fiscal? What is your current land bank? We are currently working on our under construction project JM Florence which is located in Greater Noida West. It is a very charming project which is going in full flourish and we expect to deliver it on time like our previous projects, JM Orchid and JM Aroma located at Sector 76 and Sector 75 respect...

RBI maintained its status quo

 In a much anticipated and steadied move, the RBI kept rates unchanged today in its last bi-monthly policy review for the calendar year. The key rate (Repo Rate) remains at 6.75 percent, Reverse Repo Rate at 5.75 percent, Cash Reserve Ratio (CRR) at 4 percent and Statutory Liquidity Ratio (SLR) at 21.5 percent respectively. Since its first policy review for this year back in January, the apex bank had reduced the key rate by 125 basis points or 1.25 percent allowing a significant room for the banks to reduce lending rates for the buyers. Mr. Pradeep Aggarwal, Chairman, Signature Global reacting to today’s Monetary Policy Review, “Following the surprise 50bps rate cut in September, it was expected that RBI would maintain a status quo. However, in the context of recent amendments...

GST to present realty with reality

The Indian real estate sector is expected to grow and touch $200 billion by 2020. For over last one decade, housing sector itself has had a 5-6 % consistent contribution towards Indian GDP along with being one of the primary contributors towards employment generation. This sector can be broadly classified into four sub-sectors; housing, commercial, hospitality and retail. As the country moves towards urbanisation, this sector’s growth will be well complemented and the demand for housing and commercial divisions is bound to move north. The much awaited Goods and Service Tax (GST) is to be tabled in the upcoming winter session of the parliament commencing from 26th November, 2015 and ending on 23rd December, 2015; and if implemented it can prove to be a real game changer if formed and execut...

WHAT’S IN A NAME?

“What’s in a name? that which we call a rose, By other name would smell as sweet.” – William Shakespeare, Romeo and Juliet As perfectly quoted by Shakespeare makes us believe the fact that no matter the name, the essence remains the same. But in India, names make a huge difference in how we perceive somebody. Be it a living personality or even a non-living entity, names play a major role in describing. Real estate sector in India and across the globe are very selective when it comes to naming their properties as it allows the potential customers to connect and understand better. Naming  also allow in selection of a valid theme for the project which further enhances the look and feel for the project thereby increasing the chances of being accepted by the customers. “The act of naming ...

Sector pushing for corporate social responsibility

As the festive season is nearing its end with Diwali and the winter season to commence thereafter, it is crucial to understand the importance of health during the entire winter season which must not be ignored at any cost. Fortunate segment of population which is able to beat the cold waves in the country are able to take care of themselves; but India has a majority of population which is unfortunate and looks for shelter, clothing and food to sustain the winter season. Real estate sector is largely employment driven as being one of the major contributors to generating job opportunities in the country. Also, there is employment generation from bottom to top of the hierarchy. Hence, this sector plays a vital role during the winter season to provide much needed relief and perks for its pilla...

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