Real Estate News
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Know the Right Amount of Money Needed to Invest in Real Estate
“Don’t wait to buy real estate, buy real estate and wait” - Will Rogers Real estate industry is that one industry where asset remains is stable and tangible, unlike the other investments. Investors from around the globe have chosen the real estate arena to employ their extra hard earned money in order to earn a consistent return. Nevertheless, it has always been quoted that the real estate business is a complex one and one such complexity which leads to confusion among people is the amount of money one should invest in this arena and what are the various available options of investing it in their confined budget. Well, it is sai...
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Real Estate Sector is going to be Healthier and Stronger: Courtesy Demonetisation
There is no doubt about the fact that the basic outlook of each and every Indian towards investment of money has changed after the government has taken the drastic step of demonetising the old Rs 500 and Rs 1000 notes. Although demonetization has brought a lot of chaos and confusion in our country, but this is only a short-term perspective. Down the line, it will turn into a blessing in disguise. We all know that now India is set for a digital revolution. And what a blessing this move is going to be would be realised only after overall payments landscape of the country undergoes a complete overhaul. As there would be a lot more digital...
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Real estate may See a Huge Rise in Private Equity Players
With the implantation of Real Estate (Regulation and Authority) Act (RERA), demonetization, Goods and Service Tax (GST), it is expected that the institutional investment in India will see a huge rise. Private equity players who preferred to invest India by taking the structural – debt route, will find the Indian market more transparent and attractive. This will lead to the country’s economy more aligned to the global compliance standard and more Foreign Direct Investment (FDI) is expected to make it easier for the foreign investors. 2009 saw the epic rise in the equity investment in the real estate sector by 60 percent, but it has gone...
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For the Comeback of Real Estate in 2017, Developers Restrain Hopes for Rate Cuts
Entire India is aware of the bad phase that the real estate industry was going through in the year 2016. And demonetisation added a lot to this already retaining misery. The demand for house remained low and there was an adverse impact with the flushing out of old notes. However, the hopes are not all over yet! Things might take a positive turn in the year 2017 with low interest rate and more amount of transparency in this sector. A healthy recovery is expected by the developers from the latter half of 2017. This major slowdown in the real estate industry did not hinder completely the investment as developers did raise almost 48,300 cror...
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After demonetization, PM hints at stricter laws to Curb Benami property deals
Already shocked to their core due to the surprising call by the government to ban old 500 and 1000 rupee notes, it seems there are more troubles in the offing for black money hoarders across the country. Reportedly, Narendra Modi led NDA government at the centre is planning to introduce stricter laws to curb the laundering of illegitimate money in real estate. With the old higher denomination notes banned suddenly last month, people sitting on piles of illicit cash were busy finding ways to turn their black money into white. As a result, Became property transactions were on a rise as people bought properties using their illicit cash in som...
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2016 was a Significant Year for India Real Estate Sector
2016 has stood out in real estate sector compared to previous years. The ups and downs, the implementation of laws have all contributed effectively in favour of the buyers this year. From price correction to implementation of RERA, demonetization, all have made a significant difference in the real estate sector. Budget Matters: The Budget 106 provided some relief to the buyers by implementing no service tax on the affordable housing homes. This has been a great relief to the buyers looking for property in the affordable segment. Additional relief was given to the first time buyers by giving them the tax benefit if they took a home loan ...
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A New Phase for the Real Estate Sector, Reforms to Come into Operations
The year of 2016 did not really prove to be of great benefit for the Real Estate sector. There has been a chain of events that had affected this sector in various ways, starting with the establishment of the Real Estate Regulatory authority and going up to the current and major hit of demonetisation. However, most of the factors that were established were done for the betterment of the real estate sector i.e. to bring in more transparency, to reduce the wrong practices and for the betterment of the consumers. But it is to be seen that in the coming year many states have decided to establish a regulator for the real estate sector where in...
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Ban on Benami Property will help clean up the Real Estate Sector
The practice of buying property under fictitious name and identity has been widely misused in real estate sector to avoid paying taxes. It is estimated that the properties worth billions are Benami property, depriving states the valuable tax returns that can be used for the development and welfare. To take a step in fighting the Benami property, Modi government has taken a vow to bring more transparency in the real estate sector transaction. A 1988 law has been amended this year which promises a stricter punishment and fine up to the fourth of the property’s value. These properties can also be confiscated by the government in extreme cas...
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What RERA (Real Estate Regulation and Development Act) Actually is?
After almost eight years of being proposed RERA was passed as an act this year, bringing a huge relief to the buyers and the developers as well. Undoubtedly, RERA is one of the biggest reforms in the real estate sector. We discuss what exactly RERA holds for the benefit of buyers 1. Compulsory registration of the of all the real estate projects with the plot size of more than 500 sq. meter with the regulator. The developers will have to share the project plans, the status of the development, status of the approvals, name and address of the real estate agents, contractors, architects etc. 2. All the information regarding the developme...
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What does the Implementation of RERA Bring for Both Buyers and Developers?
The Union government’s latest rule notified under RERA has come as a relief to both the builders and the buyers. Though it is applicable to the five union territories of India for now and the states are asked to come up with their own set of RERA rules, to minimise the inconsistencies in the real estate market. The only concern is that the rules should meet the expectations of the buyers and builders both. To ensure more transparency in the real estate sector, the rules should be equally in favour of the builder and buyer. Buyers suffer a tremendous amount of financial woes if the property is not completed and handed over to them in time...
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