Growth slow but steady revival of Mumbai realty in 2016
Brotin Banerjee, MD & CEO of Tata Housing believes more…
Browsing: Ravi Sinha
Upper House approves long awaited RERA Bill
Far reaching implications anticipated for the real estate and construction…
Supertech to invest Rs. 5,706 crore in Haryana
Signed a MOU with Government of Haryana at ‘Happening Haryana…
Budget impact: REIT listing likely to be game changer
The real estate sector’s expectations of exemption for Real Estate…
Tax rebates for individual taxpayers could revive the residential property market
Anshuman Magazine, CMD of CBRE South Asia writes how tax…
Realty budget wish list cuts no ice with homebuyers
“I am reading these newspaper reports about the real estate sector demanding so many things with the Union Budget. Most of these demands are for their financial health than understanding the market from common homebuyers’ perspective like us. Do we matter at all in this eco system where neither the government nor the developers understand what keeps us away from the property market,” says Shweta Sanyal, an advertising professional in Mumbai.
Despite slowdown, Mumbai remains the most lucrative investment destination in India: Knight Frank Report
Despite slowdown, Mumbai remains the most lucrative investment destination in India, says the second edition of Knight Frank India Residential Investment Advisory Report 2016.
Brand realty takes a beating in slowdown
A few may have succeeded but most of the developers have failed to position themselves right during the slowdown. In the process Track2Realty finds that the brand realty has taken a severe beating, losing the trust of both the end-users and the investors. The brand positioning that differentiates between the two different realty companies is today negligible with developers’ focus to sell. That, unfortunately, is not working for them and commanding premium over the brand reputation today is a far cry. Our team speaks to a cross section of developers, analysts and brand experts who may differ with each other but nearly all agree that sector has to come out of the Catch 22 situation.
Corporate governance to turn Indian realty attractive for investors
From being the governance wild child to maturing into a market influencer, India’s real-estate sector has transformed in the past decade, with a paradigm shift from family owned businesses to corporates along with a few companies listing on stock exchanges. The change began with the government opening doors to Foreign Direct Investment (FDI) in 2005 and then welcoming the next wave of stability as corporate houses brought image restoration for the sector. Led by corporate entities, realty companies soon adopted corporate governance wherein transparency began to trickle down into the system as a norm slowly.
Best asset class for investment; concerns galore with real estate
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