Transit-oriented development to put Gurgaon on global map
Global success cases of transit-oriented development include Malaysia, Hong Kong,…
Global success cases of transit-oriented development include Malaysia, Hong Kong,…
Anshuman Magazine, CMD of CBRE South Asia writes how tax…
2015 proved to be a good year for key Indian metros as inflows into real estate by private equity (PE) funds was at a record high. The total investment that the sector got was approximately INR 19,500 crore.
Call it contrasting match of the two extreme ends or just the confusing mate living together, but affordable luxury has gained ground in Indian realty, finds Track2Realty.
Immediately after the earthquake in Delhi-NCR a builder sends a group WhatsApp message that says: Our project in Noida is NCR’s 1st and only earthquake resistant structure with seismic zone V compliance approved by IIT Bombay. Possession next month.” It does not go down well in the collective consciousness as an impression gains ground that the developers are evaluating the opportunity cost in times of a natural calamity. This message nevertheless raises more questions than it tries to answer that the given project is earthquake complaint.
We keep hearing the term ‘market drivers’ being used in real estate. What are they? Market drivers can be defined as developments in an area that increase the value of living there. It is a well-established fact that infrastructure is by far the most important driver for real estate demand and property appreciation growth.
In the real estate market consumer activism in India may have been high in recent times, but consumer awareness is pretty low. Most of the first time home buyers even fail to differentiate between what they want and what they need in an apartment, forget about their knowledge with regard to legalities and necessary checklist. The mismatch between developers’ offerings and buyers’ perception is a critical missing link leading to an impression gaining ground that the developer has not fulfilled his promise.
Some key findings that indicate the aspiration quotient and standing of the Indian real estate:
88% Indians find real estate is still best asset class to invest
72% believe pre-launch or early stage of construction is best bargain
78% maintain upcoming locations give better returns than prime localities
84% homebuyers are sulking & repent their home buying decision
46% homebuyers have too serious issues with the developer to reconcile
Home Credit India Finance, a Non-Banking Financial Company (NBFC) has announced a festive campaign that offers customers, especially first-time borrowers in over 30 cities across 13 states, a chance to buy products of their choice at customized EMIs.
DLF has received Sword of Honour from British Safety Council for 06 buildings in Delhi-NCR towards best practice in Occupational Health & Safety. DLF Malls are the only malls in Asia and Middle East which have received prestigious 5-Star Excellence Certification and sword of Honour from British Safety Council.