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The year 2016 has come and gone so fast! For the Indian real estate sector, it was a big year of news and policy level changes. As we, all are preparing for 2017; let us take a look at the major milestones and trends that defined the past 12 months and will have a significant bearing on prospects of the market as well. 1. Various policy reforms jiggled the market, but everyone agreed over their long-term positive implications: The year started with hope and optimism with the union budget announcement that seeks to set in place the foundations for a robust economy in the longer term by prudent fiscal management. While the whole economy was going through the policy reform, real estate sector remained in headlines due to many policy level changes. Real Estate (Regulation and Development) Act 2016 (RERA), Benami Transaction Prohibition (Amendment) Act 2016, amendments in Real Estate Investment Trusts (REITs) regulations, Goods and Services Tax (GST) and Demonetisation, were the

Firm to use proceeds to buy back 20% stake sold to Goldman in 2014, expand hospitality business. Despite the added uncertainty in the realty market after Demonetisation, Vatika Group , one of the largest non-listed companies in the segment in the north, has managed to raise close to Rs 1,700 crore in less than 10 days from various investors. The company plans to buy back (in 2017) the 20 per cent stake it sold to Goldman Sachs in 2014, said Mr. Gaurav Bhalla , Managing Director of Vatika Hotels , the group's hospitality arm. In the latest round, Vatika Hotels raised Rs 495 crore from Axis Bank to finance its aggressive growth plans. The company has a major expansion on the anvil in 2017, in commercial real estate, hotels, hospitality and a new quick service restaurant (QSR) venture, which it aims to take abroad as well. Within a week, Vatika Group sealed three major investment deals, while the rest of the market is fighting the effects of demonetis

Impact of Demonetisation on Land Prices Following the government’s Demonetisation drive, land prices in the fringe areas around metros and tier-2 and tier-3 are likely to plummet in the coming years. This may bode well for home seekers looking for affordable housing Post-demonetisation, the affordable housing segment, which is confined to the fringe areas of metros, is expected to get a boost as land prices will plummet in the next few years, especially in far-flung areas around Indian metros, and the tier-2 and tier-3 cities. Most agricultural land transactions, involve a cash component, which has been affected after prime minister Narendra Modi’s announcement on the evening of November 8, 2016. Rs 500 and Rs 1,000 notes ceased to exist as legal tender from November 9. Land dealings involving a cash component, therefore, will no longer be carried out in the old ways. Those dealing in cash, will be unable to pay in the old currency notes and those with undeclared sources of

While the online medium may be a good place for an NRI to begin his property search, one cannot completely rely on such information alone. We examine the other factors that NRI buyers should consider, before finalising a deal Non-resident Indians (NRIs) may often find it impractical to physically come and see a property, while scouting for one, even if they have a keen interest in the Indian property market. Hence, developers are now increasing their online presence. From digital advertising and other connected platforms, to offering virtual tours of the property, developers are leaving no stone unturned, to attract NRIs. Several facts suggest that the trend of online property search and buying, has grown significantly among the NRIs. A majority of the   NRI buyers , connect to developers directly through online ads. Underscoring the importance of online sales to NRIs and HNIs, Tata Housing has said that it has sold a villa worth Rs 5.5 crore, online. Google’s Great

Greater Noida West Is An Ultimate Location For Investors and a promising real estate hub in Delhi-National Capital Region (NCR). Property prices in Greater Noida West are currently low, and this is expected rise in the coming years. The connectivity that Greater Noida West offers is an important reason why large numbers of residential and commercial projects are coming up in the locality. The central government is seriously considering including Greater Noida in the list of smart cities and make it a part of the ‘100 smart cities’ mission. This will further give boost to construction of  new apartments in  Greater Noida West. Greater Noida West an investor friendly locality: Godrej Golf Course Villas - The best future investment project Godrej properties leading builder again revealing its sterling residential project "Godrej Villas" 100 acres project in a dream location near Pari Chowk Greater Noida- this living realm serves you right mixture of vill

The Haryana Urban Development Authority (HUDA) is planning to acquire 300 acres in six new sectors of Gurgaon -- sectors 75 to 80 -- to build infrastructure. The piece of news comes as a relief to both home buyers and developers, as lack of roads was causing much discomfort to residents of these upcoming areas, and making it difficult for developers to sell their projects. The Haryana government seems to be leaving no stone unturned to revive the  real estate in Gurgaon . Last month, the state reduced circle rates across segments by 15 per cent, making properties cheaper in a city where real estate had become rather expensive. However, overpriced properties were not the only reason why Gurgaon real estate had been going through a rough phase for a couple of years. While developers kept launching new projects along Gurgaon’s new sectors, expecting high returns on investment, most of them were not able to sell their  premium property in Gurgaon   in the absence of infrastructure

The financial benefits of buying a ready-to-move property vs an under construction one In the current market scenario, we explain the financial benefits of investing in a ready house as opposed to an under-construction property. Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realizing its financial risks. Here are some of the benefits of a ready-to-move property as compared to an under-construction house. Benefits The adage, ‘One bird in hand is better two in a bush’ very aptly sums up the decision of choosing to invest in a ready-to-move-in house. The news frequently reports the instances of delay and default in construction and possession of the property as per schedule. Data from all over the country has pegged delays in projects between 12 months, going up to 24 months. A look at the real estate in the redevelopment sector too will show that unprofessional builders, who have ta

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