The organized segment of Indian real estate is only about two decades old. It could be seen as understandable that true governance is too much to ask at this early point. However, we have reached a decisive point in 2010, which was indisputably one of scams.
Most banks lending for homes are only interested in providing mortgages to people who have a fixed annual or monthly salary and their important criteria for assessment is based upon the amount that is earned. The presumption is that only these people are capable of meeting their repayment options without default.
Capital market regulator the Securities and Exchange Board of India (SEBI) has apprehensions over the feasibility of real estate investment trusts (REITs) in India. The regulator had issued draft guidelines for REITs a couple of years ago, but may drop its plan to introduce it now.
Various factors can negatively affect the value of one’s real estate assets. Being aware of these is an inalienable part of successful property investment.
India Property Tax Rates have been rationalized as whole taxation system has undergone a change. These changes are basically to evolve the system and raise it to international standards.
Home is the most integral part of an individual, who since his birth and childhood, dreams to have a living space of his own in India. Once in a lifetime investment requires loan to accomplish it, and that is how the home loans comes into the scheme of things.
The real estate finance advisory has two primary areas of business focus-Capital Structuring Advisory for Local Developers and Strategic Investment Advisory for Capital Investors.
A study by Assocham last year on the real estate scene in India indicated that the large Malayali and Punjabi NRIs are buying the houses of their liking. The study was based on the fact that Malyalis and Punjabis have migrated in hordes over the years. Some of them are also buying commercial space, it claimed.
It’s ironic that a sector worth $140 billion that has weathered the market crash twice in the last around a decade and still emerged as the fastest growing contributor to the GDP has not been granted even industry status in India.
Hinjewadi is the fastest developing IT hub of Pune located north-west to Pune city. Hinjewadi is 10 km from Pune city, 21 km from Pune airport and 16 km from Pune Railway station.