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Why and Why Not Hire An Interior Designer

by Santosh Sinha Real estate, going by its face value, appears to be a very technical, monotonic and labor-intensive field where you would seldom expect sophistication. And why not, you would always encounter a cloud of dust engulfing the project site, with a pile of concrete, bricks, steel, and cement welcoming you from distance. Indeed, it is this characteristic of the real estate industry that makes it one of the least lucrative career options.  You would hardly find any management institute having a specialized course on real estate. Isn’t it! Well, having said that, this industry too has got a heart that beats. This industry too has a softer side which actually puts life into the structure made of bricks and mortar. Yes, you guessed it right. It is the architecture and interior ...

Top 5 Mistakes to Avoid While Investing in Commercial Property

by Arti Chaudhary In a world where things move so fast, it’s not uncommon that we react quickly and sometimes make rash decisions. Though generally, these miscalculated steps don’t cost much, when it comes to investment decisions, such adventures may cost dearly. Real Estate, especially commercial real estate, is one such segment which offers great investment opportunities. But, here too, caution is very much required. Investing in commercial property brings lots of financial rewards but at the same time many risks. To keep yourself safe from these risks it is important to learn from other’s experiences and know which commercial real estate mistakes you should steer clear of. The best way to avoid these mistakes is to have a keen understanding of your subject matter. Here are t...

Key Real Estate Mistakes That Could Make You Lose Money

by Honey Katiyal One of the most globally recognized sectors, the real estate market is a mix of various sub-sectors like residential, commercial, retail and Hospitality. Investing in these sub-sectors comes with lots of rosy benefits but at the same time, it’s not that easy too. So, as an investor whether you are investing in the housing market or the commercial or retail, it is important to perform proper research and study before entering into any deal or investment. It may be in terms of passive income, property price appreciation, Tax benefits or something else. Because a small mistake could make you lose your valuable and hard-earned money in just one go. Moreover, it’s better to take small and precious steps along with important knowledge that can do wonders in the real estate inves...

India’s retail sector expected to become $1.3 trillion of size by 2020: Asma Javed

Real Estate is a sentiment-driven sector, where market sentiments play a major role in defining its growth path. But when it comes to retail space, real estate’s one of the subsets, it is the market trends and projects that guide the sentiments. And, it is this difference that Ms. Asma Javed, in her candid conversation with Team RealtyMyths, explains to us. Ms. Javed recently moved to Gulshan Homz as Head-Leasing Retail Commercial, where she will take care of the retail leasing division. It was a pleasure talking to her. Here are the excerpts of the conversation. RM: Gulshan Homes is known for its construction quality and is one of the biggest names in the NCR real estate market. What are your expectations from the company, now that you are a part of this name? AJ: Well,  Gulshan Hom...

Huge investments enabling co-working spaces to scale up and innovate

– by Ramesh Nair Over the last few years, co-working spaces have gained popularity with start-ups, small and medium enterprises (SMEs)and large corporates. Unlike traditional business centers, co-working offices offer unique amenities such as a gymnasium, spa, a food court, gaming zones, sleeping pods, crèche services, etc. These attributes have helped popularize co-working spaces among employees, entrepreneurs and corporates alike. An analysis of leasing trends in the top seven cities in India in the report by JLL and FICCI ‘Co-Working: Reshaping Indian Workplaces’ clearly reflects the rising proportion of mainstream corporates and established entities from different sectors in the total co-working space leased. Space taken up by the co-working segment has doubled to 3.9 mn sq. ft. ...

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...

CBRE Group reaches to 146th position in the Fortune 500 list – RealtyMyths

CBRE Group, Inc. (NYSE: CBRE) has risen to #146 on the Fortune 2019 list of the 500 largest U.S.-based public companies. The company’s position rose from 2018 when it was ranked at #207. CBRE has been ranked among Fortune’s Most Admired Companies for the seventh consecutive year. “Our continued rise on Fortune’s prestigious list is a testament to our people and their intense focus on delivering great outcomes for our clients,” said Bob Sulentic, President and Chief Executive Officer of CBRE. On this achievement, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa CBRE said “It’s a proud moment for all of us in CBRE today. The improvement of ranking in Fortune list is a testimony of our adherence to the global standards we have created and abide by. We will c...

Why Akshaya Tritiya Is Auspicious For Investment In Real Estate

This year the Akshaya Tritiya falls on May 7th; as the trend suggests the developers are very optimistic of this day. And why not, traditionally, this day is believed to be very auspicious for two reasons, for doing charity and for acquiring or investing in gold and property. Why does this happen! What is Akshaya Tritiya Before going further, let’s understand what Akshay Tritiya means and what makes this day so special. Astrologically, it is the third day of the Shukla Paksha of the month Vaisakha. It is on this day that both the Sun and the Moon are said to be at their planetary best. The word Akshaya in Sanskrit means immortal, something that remains forever. And therefore, it is believed that any activity done on this day continues and remains forever. Probably, this is the reason...

Union Budget 2019-20: Expectations for real estate sector – RealtyMyths

The real estate industry has been facing some rough weather given the tough demand environment, which got aggravated further with the recent NBFC crisis. While the industry undertakes measures to revive demand, a much-needed impetus from the Union Budget will go a long way in helping turnaround the fortunes of the sector. Considering the current set of challenges, here are a series of recommendations that we believe will help the cause of the real estate sector in general and housing demand in particular. ‘Industry Status’ to real estate Real estate is one of the major contributors to the economy supporting various ancillary industries and providing employment to millions directly and indirectly. Growth in real estate has a multiplier effect on the economy. Despite such strong fundamentals...

Weekly News Round Up

Welcome back viewers and here are the weekly real estate and city infrastructure updates for you. Let’s start with some of the updates from the construction industry. Supreme Court put a ban on construction activities in Maharashtra, Uttarakhand, Madhya Pradesh and Chandigarh. The court took this decision to panelise the state governments for not forming the policies on solid waste management. However, with prompt action from the governments of Maharashtra and Uttarakhand, the court lifted ban in these two states later this week. The developers’ community are worried over this decision as this will lead to further delay in construction and possession of the properties.  They are asking why they should be panelised for the negligence done by the government! News from Kolkata, on Tuesday, a ...

Access to institutional finance, ECB will attract more investments in India

National Housing Bank, CEO Easy and dedicated access to institutional financing, higher limit on external commercial borrowings (ECB) will attract more investments and assure sustained growth of affordable housing in India, making it the core driving segment for real estate, said Mr Sriram Kalyanaraman, Managing Director & CEO, National Housing Bank at an ASSOCHAM event held in New Delhi today. The Foreign Direct Investment (FDI) and Foreign Institutional Investors (FIIs) will play a key role in boosting the supply of houses and infra projects in urban areas, said Mr. Sriram Kalyanaraman, Managing Director & CEO, National Housing Bank while inaugurating an ASSOCHAM National Summit on Housing Finance for All. Mr.  Ravindra Sudhakar, Co-Chairman, ASSOCHAM National Council on Affordab...

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