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Real estate investment

Is it lack of transparency or greed which has worsened the real estate scenario?

by Akhilesh Kumar, Owing largely to the liberalization of the Indian economy, home loan interest rates dropped to a record low of 7.5 percent in 2004. Prior to this, Real Estate investment was a preserve of the rich only. In due course of time, falling interest rates attracted people from middle and lower income groups to invest in property. Thus, the average age of the Indian home buyer dropped from the late 50s to mid-20s. Consequently, the Indian Real Estate market grew exponentially, both in terms of size and price before coming to a grinding halt in 2008. The Lehman debacle and the subsequent foundering of global economies cannot be discounted as contributing factors. But from the perspective of the Indian realty market, experts recognized that the Indian Real Estate growth story had ...

Nine Indian cities in JLL’s latest ‘global 300’ rankings

A total of nine Indian cities figure on the latest edition of ‘Global 300’ cities – the annual JLL ranking exercise, which represents 300 major cities that are the focus of commercial activity and interest, 40% of the world’s economy, and three-quarters of global real estate investment. In an ever-changing world, more urban centres in India are rapidly emerging as players on the global stage – moving beyond the powerhouses of Mumbai, Delhi and Bangalore. Ramesh Nair – CEO & Country Head, JLL India While the megacities of Delhi and Mumbai rank in the ‘Global Top 30’ – thanks largely to their huge scale, other cities such as Bangalore, Chennai and Kolkata sit within the ‘Global Top 100’ – with Hyderabad sitting just outside. Mumbai (17th) is among the 20 largest cities in the world by gr...

Real estate and its contribution to our GDP

The term ‘real estate’ is a very wide term which can loosely be restricted in a definition as land, including the air above it and the ground below it including any building or structure on it. Consisting inter-alia real estate services, housing, construction sector, it is the second largest employment generator in the country only after agriculture. Aojasvi Raj Its peaking on the employment output is because of multiple sectors being forwardly or backwardly linked to the sector with real estate supporting over 250 ancillary sectors of the Indian economy. A recent study by Information Credit Rating Agency (ICRA) ranks real estate sector on 3rd position in ranking 14 major sectors in terms of its induced effect on the other sectors of the Indian economy. Accruing to the diversified, disaggr...

‘Assured Returns’ Schemes: To Opt or Not

Ramesh Sharma Assured returns schemes are one of the marketing techniques which make a project lucrative for investors. With a situation where every project in the market is delayed by at least two years, assured returns offer a sense of guarantee of a regular income to the investors. On one hand the investors keep getting a certain amount of return on their investment even when the project gets delays and on the other, the developers get the fund to execute the project. This makes a win-win situation for both. Why Assured Returns Schemes This scheme originated out of the necessity for funds. Post economic slowdown, the banks became more reluctant to lend to developers, or demanded an interest rate of 17-18 per cent on construction loans. This made developers to look towards open market. T...

Don’t get cheated if you are investing in a property

Real estate investment is reputed to be something only experts at the game should play at. Nothing could be further from the truth. Unlike stocks, residential real estate is an investment asset class that is quite predictable and very familiar. In fact, anyone who has ever bought or even rented a home will know instinctively what kind of home will work as an investment. Here’s some tips for investing in the right property #Location Value: The term ‘location, location, location’ is a very familiar one, and it is the time-tested maxim behind every successful property investment. When making an investment in a residential property purely for capital appreciation, it is imperative to consider the location and surroundings of the project. It is the location and its immediate s...

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