The Supreme Court of India categorically said on Tuesday, July 23, that serious fraud has been played by real estate firm Amrapali Group in connivance with Noida and Greater Noida authorities by failing to give possession of flats to over 42,000 home buyers.
The reasons for vacancy levels of homes which could feed the rental market across the country are largely region-specific. However, distorted property rights (in the absence of a sound rental policy), weak rental contract implementation and low rental yields are some of the major factors that prompt homeowners to leave their houses vacant rather than rent them out.
With spacious homes in a gated community, the project will have more than three acres of central greens, outdoor air pollution controllers, floral courts, parks, air purifying tree species, pocket amenity spaces under each tower, contemporary club house (around 24,000 sq. ft), swimming pool, gym, sports-facilities, recreation areas, cafeteria and shopping plaza to just name a few.
The slowdown in Indian residential real estate over the last few years caused most high net-worth individuals (HNIs) to shun luxury housing and look at other investments within or outside real estate. However, ANAROCK’s latest study indicates that HNIs are now using the tail end of the slowdown in India’s luxury residential market to their advantage.
In terms of the overall brand gain for the year, Embassy has been way ahead of the competition curve post the REIT listing. Embassy has jumped from its last fiscal ranking at Number 5 to now at Number 2. As a matter of fact, Embassy is just 0.4 brand score behind Sobha Limited. Moreover, Embassy has taken a lead ahead of Sobha in terms of NRI perception. Moving forward, Embassy Group with diversified portfolio could have an edge over Sobha Limited.
Seniors who are staying in Delhi NCR are much more prone to society caused anxieties and family feuds, which eventually reflects on their health and cause behavior pattern leading to more depression and blue moods. In such circumstances often stress leads to health degradation causing lack of energy, poor concentration, and less sleep.
The laws like U.P. Apartment Act 2010 and the RERA prohibits any such alteration of original plan after allotment without consent, but the development authorities take help of Govt. orders which are not applicable on Underdevelopment projects to eclipse the law and help private developers to earn windfall profit and delay the projects.
Large foreign funds have expressed an interest to own a share of the Indian real estate pie. Nikko Am Straits Trading Asia, North Carolina Fund, Hwang Asia Pacific REITs and Infrastructure Fund, Eastspring Investments and Canada-based Sentry Global have received SEBI approval to invest in India as developers and real estate investors, revealing the underlying interest in REITs. Our research indicates that continuous institutional flow of funds has provided the initial momentum to REIT.
The factors supporting Bengaluru’s top rank include the city’s high long-run economic growth, high availability of office space, and large talent pool. As per Colliers Research, Beijing and Hyderabad as attractive alternatives, and Hong Kong emerging as a potential new option.
Oxfordcaps provides a custom designed and standardized Student Housing product with a full-stack model of services and amenities. Co-founded by two women founders, INSEAD graduate Annu Talreja, CEO and IIM-Calcutta alumni Priyanka Gera, COO – the Company has clocked a 75X growth in <11 months since its launch in India and has expanded from 200 beds to over 15,000 beds across 12 cities.