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72 Years of Independence – A Bittersweet Dawn for India’s Housing Sector

by Anuj Puri As India embarks on another year of independence, the country’s real estate sector has a lot to be grateful for, a lot to hope for – and still a lot to worry about. Amidst the dual challenges of liquidity crisis and stuck projects that hang like persistent thunderclouds over the sector, we nevertheless inch closer to the ultimate goal of Housing for All by 2022. From the viewpoint of stuck and delayed projects, the freedom to buy homes has turned into shackles for many. Over 1.74 lakh homes in 220 projects across the top seven cities are completely stalled. Housing worth over INR 1.77 lakh Crore is in limbo with zero construction activity. The affected buyers exercised their freedom of choice – only to see their hard-earned money imprisoned with scarce prospe...

Union Budget 2019-20: A Boost to NRI Investors

– by Shajai Jacob The Union Budget 2019 announced on 5th July brings in a mixed bag of emotions for the NRI investment community. While positives like better tenancy regulations and an enhanced NRI portfolio route back to India provide the much-needed stimulus to their confidence, some policies like the extension of taxation towards gifts received by NRIs could be worrisome for Non-Resident Indians. The benefits, however, outweigh the negatives as NRI investors can now unlock the full potential of the Indian real estate and capital markets. The following announcements of Union Budget 2019-20 provide a much-needed fillip to the NRI investors: Merging NRI portfolio route with FPI route to increase more NRI portfolio flows into India This move provides NRIs with seamless access to the I...

Rental reforms redefine the Indian Real Estate Sector

Anuj Puri, Chairman – Anarock Property Consultants   Several breakthrough reforms with pertinence to the Indian real estate sector saw the light of the day over the last one year. Be it demonetization – the Government’s ‘surgical strike’ against black money – the revolutionary RERA or the unified tax regime of GST – all bore the power of rendering the Indian real estate sector more transparent and professional. The upward trajectory of consumer sentiment is a strong indicator that the market has responded well to these reforms. The incumbent Government has embarked on a determined journey to transform the Indian realty sector into a more wholesome industry. While the primary and secondary residential markets undoubtedly benefited from the plethora of reforms, the rental ma...

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