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

Mr. Deepak Kapoor

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...

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...

Why GST makes sense for Real Estate

“Goods and Services Tax” would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments. GST would be levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method. This method allows GST-registered businesses to claim tax credit to the value of GST they paid on purchase of goods or services as part of their normal commercial activity. Real estate, being one of those sectors where repeated transactions happen on a regular basis, certainly requires GST. One of the major issues that GST can address is to present this sector with uniformity of tax practices. There have been countless instances where duplication and mult...

Realty sector answering the security concerns

What is the purpose of owning a house when it is not secured? What is the purpose of owning a house when you can’t get mental peace? What is the purpose of owning a house when your money is bound to go waste? Providing houses to public is one aspect of fulfilling the duty, but what is the purpose of providing houses without proper safety and security measures? Housing sector in India is extremely vast which has been rising in demand due to ever-growing population. Thus, answering the housing needs is incomplete if sound security and safety of residents is not taken into consideration. “Real estate sector in India has always been on the wrong side of the news due to various negative incidents that have taken place over the years. Although, with technological advancements, this sector has su...

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...

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...

This Navratris realty sector scores better

The 9 days of Navratris in the Hindu calendar year are much awaited as the sentiments are riding high in the market and people, due to their spiritual and positive beliefs are eager to invest in the real estate sector. Even the developers in the sector try out their best to offer most lucrative deals to the public so as to generate highest sales in these 9 days. Bookings: 9 Navratri days vs. 9 Non-Navratri days The realty sector’s objective for this time period is not only to gather sales, but to offer possession of their units as well, as customers find this time of the calendar as the most auspicious time for not only buying a property, but settling into the purchased units. Thus, this season every year in Indian realty sector is full of joy and enthusiasm as not only great numbers are r...

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