Increased property searches online, the introduction of prop-tech by enterprising realtors who are leveraging technologies like virtual tours, artificial intelligence, digital booking tools and online payments mechanisms are arousing the interest of customers.
An expert explains the important developments that are likely to impact the Indian realty segment as the country edges towards its phased-out General Elections from April 2019. In the past, the annual Budget during an election year in India tends to be reasonably populist, with measures focussed on the mood of the general public to benefit the ruling party. This year, the national Budget had quite a few measures to ensure support for the realty sector across segments – the [...]
An Indian real estate expert analyses property trends following the implementation of Real Estate Regulatory Agency (RERA) and Goods and Services Tax (GST) in the country. As the half-year mark approaches the real estate sector, there is a mixed feeling in the developer community. The larger firms have restarted launching new projects – which had taken quite a back seat, with the least number of new project launches in 2017 due to the implementation of RERA and GST. The mid-sized [...]
Tech solutions, real estate and food production – India’s interest in Australia encompasses a wide array of sectors. ANAROCK buys Indian arm of Aussie firm ANAROCK Property Consultants Pvt Ltd, the real estate venture floated by former JLL India chief Anuj Puri, has acquired the local operations of Australian realty broking firm LJ Hooker under the Redwoods brand. ANAROCK chairman Puri said in a statement: “The acquisition of LJ Hooker’s Redwoods is in line with our overall business strategy and [...]
A favourable regulatory environment and attractive asset valuations are enhancing investor confidence by changing the perception of Indian realty in the global arena, a new official report reveals.
The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex body for private real estate developers in India representing 11,940 developers across 23 states and 171 city chapters across the country, held its annual national convention (NATCON) in London recently to project the sector’s increasingly investor-friendly image.
India Inc. property expert analyses the post-implementation impact of the Real Estate Regulation Act (RERA) and Goods & Services Tax (GST) in India.
If there was one common concern that all developers, especially the ones in residential developments, had in India in the month of June and July, it was the implementation of Real Estate Regulation Act (RERA) and Goods & Services Tax (GST). Larger firms had dedicated internal teams while smaller firms had a battery of consultants and temporary staff assisting in this implementation. The management was fully focussed on getting these two tasks done with sales and construction trailing behind as non-implementation would mean stoppage of business.
The Indian Prime Minister’s Housing for All initiative has got off to a slow start but latest trends provide hope for a rapid ramp-up. Of all the flagship schemes undertaken by the Narendra Modi government, the Housing for All programme, which envisages providing pucca (brick and mortar) houses for 20 million Indians by 2022, is, arguably, the most evocative and the one most likely to make a dramatic difference to the lives of millions of poor Indians. After a relatively [...]
India Inc. property expert unravels the Indian government’s recent Budget for 2017-18 and its impact on the country’s real estate market. The central theme of the 2017 Budget in early February seems to be towards creating cash flow and consumption from the bottom of the pyramid. This would then flow upwards to more robust and long-term capital formation at the hands of the development companies. The same trend is observed in the changes to the real estate rules in the [...]
What looked like an optimistic start to the year with leasing activity picking up in the commercial segment was not to be, writes India Inc. property expert. If 2015 was a roller coaster, 2016 was definitely a steep downhill for the real estate sector. With the passing of the Real Estate Regulation Bill, residential buyers hammered away at residential developers with judges passing landmark judgments against developers for delayed delivery. If this did not have the developers scurrying for cover, [...]
India Inc. property expert reviews the recent trends in the Indian realty sector to highlight that it would be wise to go along with the current phase of transformation rather than resist change. There was a drought in property sales that was carried forward from 2015 into the early half of the year. When sales just started picking up, came the liquidity squeeze which was a corollary to the government scheme that offered amnesty to tax dodgers. If that was [...]