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Latest Real Estate News India

Pollution – Hazardous to Real Estate Health?

  By-  Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants The National Capital region’s air quality has been hovering at ‘severe pollution’ levels. Delhi has become the de facto ‘poster boy’ of urban pollution in the country, and Skymet identified it as the world’s most polluted city this month. However, this leading weather analysis and forecast agency also confirmed that six of the world’s 10 most-polluted cities are in India. It would be logical to assume that severe air pollution impacts a region’s overall property market. However, this is not really the case – in fact, the impact of pollution on property demand in India is almost negligible.   The ‘Adaptability’ of Cities Pollution spiking in De...

New Gurgaon, Dwarka Expressway Promise Development and Stability

Dwarka Expressway, conceptualised to connect Dwarka in Delhi with Gurgaon and Manesar intercepting at NH 48 has now emerged as one of the main residential hubs in the National Capital Region. Along the stretch, the main clusters in New Gurgaon are Sectors 102 to 113 and Sectors 76 to 95 & 95A. These residential sectors in New Gurgaon and Dwarka Expressway have been planned as prominent residential hubs. Both investors and end-users prefer these for investments and purchase, respectively. Several reputed developers such as DLF, Vatika, Sobha, Emaar, Experion Developers, ATS, Godrej, Chintels, Adani, Shapoorji Pallonji, Bestech have their projects launched or completed in the area. However, these micro-markets have not developed at the speed at which it was envisaged, as the liveability ...

Migsun Group Registers Record Sales of 557 units worth Rs 260 crore during Festive Season

Migsun Group, one of the leading real estate developers headquartered in Ghaziabad today announced that the Company has received an overwhelming response of buyers during the festive period. In the 45 day period which began with Navratras, Migsun recorded bookings of 557 units worth Rs 260 crore. This is a sharp jump as compared to last year’s festive season wherein the company reported bookings to the tune of 300 units accounting for 3.5 lac sq. ft. valued at Rs 125 crore. Migsun booked a total of 7.8 lac sq. ft., the bulk of which is in the residential segment. The Company received bookings across its various projects like Migsun Ultimo (Greater Noida West), Migsun Kiaan (Ghaziabad), Migsun Roof (RNE, Ghaziabad), Migsun Mannat (Greater Noida) and Migsun Twinnz (Greater Noida) among other...

25k crore fund to revive stalled housing projects

The recent announcement of the government has elated the real estate sector as it approved the creation of an Alternative Investment Fund (AIF). The fund aims to revive stalled housing projects through a corpus of ₹25000 Crores. It will kick start the completion process of the 1600 housing projects and 458000 housing units stalled due to the dearth of funds. Of the total, stalled projects about two lakhs are in NCR and one lakh in Mumbai. Such a measure is expected to bring fervor in the industry. The government will infuse ₹10000 crores in the fund while the remaining ₹15000 crores will be contributed by State Bank of India, LIC and other financial institutions. The fund will help incomplete housing projects of less than ₹Two crores per unit in Mumbai, ₹One and half crores per unit in oth...

Sumant Sinha honoured with the distinguished alumnus award by IIM Calcutta

Sumant Sinha, Chairman and Managing Director, Renew Power Private limited (“ReNew Power”), India’s largest Renewable energy company, was honoured with the Distinguished Alumnus award by IIM- Calcutta on November 14, 2019, for his extraordinary contributions in the area of Business Entrepreneurship. Under his leadership, ReNew has become the first clean energy company in India to cross 5,000 MW of commissioned capacity. ReNew power was also the first renewable energy company in India to attain the Unicorn status and has raised more than $1.4Bn of equity till date, with a total asset base in excess of $6.5Bn. With marquee investors from across the globe such as Goldman Sachs, CPPIB, ADIA and JERA. ReNew is now ranked amongst the largest Indian infrastructure companies. A leading first-genera...

Will govt’s Rs 25,000 crore boost help revive ailing real estate sector? |Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Round up! Let’s see what’s in the bulletin for this week.  The government announced a bailout fund for stalled real estate or housing projects across the country. The government will pump in Rs 10,000 crore into an Alternative Investment Fund (AIF). Meanwhile, the State Bank of India (SBI) and Life Insurance Corporation (LIC) will contribute Rs 15,000 crore to the fund. India’s Gross Domestic Product (GDP) growth is likely to decrease to 4.7 percent, from 5.2 percent as predicted, for the Financial year 2020, on account of low automobile sales, deceleration in air traffic movement, flattening of core sector growth and declining investment in construction and infrastructure. Textile giant Raymond to demerge its core lifestyle business and subsequently the li...

Senior living to thrive more in Tier II cities

– by Ramesh Nair  There has been a marked increase in the number of senior living projects since 2010. With growing acceptability and demand for senior housing units, such projects are coming up in the suburbs of all key metros in the country and in some selected tier-II destinations such as Coimbatore, Goa, Dehradun and some parts of North India. There is a real need It is anticipated that the elders in India would increase both in absolute numbers and relative strength, indicating a gradual swing to a senior population. Let us look at some figures. According to a CII study, the elderly population in India is expected to triple from 104 million in 2011 to 300 million in 2050, accounting for 18 per cent of the total population in 2050. It is estimated that the population above 60 yea...

Housing Revival – Fact or Fiction?

– by Anuj Puri As counter-intuitive as it may seem to market pundits, self-owned homes remain at the center of most Indians’ investment philosophy – and on top of their priorities list. In India, housing cannot be compared to other investment routes such as stocks, fixed deposits, and gold as a self-owned home in India is the fulcrum from which Indians leverage financial and psychological independence. It is true that many millennials tend to favor rental rather than self-owned homes, especially towards the beginning of their careers. However, their choices tend to change as they age. Freedom from a lifelong rental trap is very important if one wants one’s financial options to open up towards middle age. Housing used to be the #1 investment instrument in previous ye...

Phylion Battery Participated in the International New Energy Electric Vehicle & Parts Fair

Phylion Battery Pvt. Ltd., a leading lithium-ion battery manufacturer participated in the International New Energy Electric Vehicle & Parts Fair at Nanjing exhibition. Enterprises of the E-bike industry gathered to exhibit their latest designs. Phylion Battery stood out with a full range of best-selling products and a brand strategy that shocks the whole venue.  At the launching ceremony, Feng Xiao, President of Phylion, said: “the application of lithium battery in LEV has developed from 2006 to the scale by now, which is definitely not achieved overnight, it is a very difficult process. The course of these years can be summed up in few words, from “not easy to use” to “easy to use” to “durable”, from “delicate” to “solid̶...

WelcomHeritage opens new property in Rajasthan – WH Inderpura Resort

WelcomHeritage (WH), India’s largest Heritage Hotel Chain has opened WelcomHeritage Inderpura Resort, which is situated on Delhi road State highway 37B at Udaipurwati of Jhunjhunu District in Rajasthan. Udaipurwati is known as Udaipur of Shekhawati, which was the capital of Raja Todarlmal of Shekhawat Rajput clan. It is located near a very famous Shakambhari Mata Temple. Adjoining is a Kot Dam, which has a former hunting ground (Shikarbagh) of Shekhawat Rulers. The Resort also falls on the route from Delhi to the very famous Salasar Balaji Temple. Talking about the new property, Mr. Sanjeev K Nayar, GM, WelcomHeritage shared, “The addition of this property is part of our strategy to expand and open more properties in the current financial year. Rajasthan has such an abundance of cultural p...

Stronger UAE-INDIA Relation may foster massive economic development

5th Edition of UAE-INDIA Economic Forum was held at Waldorf Astoria, International Financial Centre, Dubai. It saw active participation from industry experts. The chief guest of honour was H.E. Abdullah Ahmed Al Saleh. Undersecretary Foreign Trade and Industry, Ministry of Economy. Keynote Speakers were H.E. Jamal Al Jarwan, Secretary-General, UAE International Investors Council and H.E. Vipul, Consul General of India, Dubai. It was viewed the importance of bilateral trade relations and the opportunity each country has for investment in the other country. The areas of opportunity discussed were – Innovation & Xpreneurship, Agriculture & Food Corridor, Electronics Manufacturing, Banking, Healthcare & Medical Sector, Infrastructure Push – Structuring Smart Cities & Smart Citi...

Bangalore Unsold Housing Inventory Overhang Lowest at 15 Months, NCR Highest at 44 Months

Beating the slowdown blues, unsold residential inventory overhang in top 7 cities has reduced to 30 months as on Q3 2019 against 37 months in the corresponding period of 2018, reveals a recent ANAROCK report. The IT capital Bangalore has the lowest unsold inventory overhang at about 15 months while NCR has the highest at 44 months as on Q3 2019. Unsold inventory overhang in months indicates the number of months it shall take for the current unsold housing stock to get cleared in the current market scenario. At any given point, an inventory overhang of 18-24 months is considered quite healthy. Anuj Puri, Chairman – ANAROCK Property Consultants says, “If we look back and compare the yearly change in Q3 2018 with that of the corresponding period in 2017, there was only a minor reduction – fro...

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