realestate2022

Planning To Buy A Home After May 1? Mind These (Dreamstime) Are you not looking forward to May 1, when the Real Estate (Regulation & Development) Act, 2016, is scheduled to come into effect? We all have read volumes about how the law will reform the sector in such a way that fraudulent developers will become a thing of the past. There will be no scope for wrongdoings and duplicity in the sector. All fair points. But all this will be achieved not only by fixing responsibilities of developers and real estate agents; home buyers will be made equally accountable. They, too, will have to ensure they honour their part of the deal.   Here are five points for you to consider if you planning to start a home purchase after the new law comes into force: While a developer will be responsible for providing you all the detail, keep you updated about the progress and deliver a project within a stipulated time limit, buyers will be responsible “to make necessary payments in the manner and with...

India Real Estate: The Impact of Transit-Oriented Development TOD has the power to transform the future of Indian cities A. Shankar, National Director & Head of Operations – Strategic Consulting, JLL India Today, the scale of urbanization in India is only 33%, whereas the size of the urban population is about 429 million – much larger than that of many other countries, according to World Bank data. The fact that Indian cities are among the fastest-growing in the world is clearly evident from JLL’s recent Cities Momentum Index 2017 – a research report which identifies the world’s 30 most dynamic cities. 6 out of 30 cities, namely Bangalore, Hyderabad, Pune, Chennai, Delhi and Mumbai, are in India. Though it is an indicator of positive development, rapid urbanization is also accompanied by a host of challenges. The growing urban sprawl in India is leading to increased use of private vehicles, congested roads, increased pollution, public safety issues, increased household spending...

Resort-themed living: 5-star homes that come with wave pools, restaurants The pool bar and artificial waterfall at Purvankara’s Purva Palm Beach project in Bengaluru. Wave pools and sandal-free zones, barbeque decks, housekeeping, multi-cuisine restaurants and a concierge — these are some of the features of what is emerging as a new segment in luxury real-estate: Resort weekend homes. Gated communities coming up on the outskirts of India’s metros are positioning themselves as resort complexes that you can buy into. “The concept has evolved tremendously, around the world and recently in India,” says Ashwinder Raj Singh, CEO for Residential Services at JLL India. “The second homes market per se is not doing too well currently. Generic luxury offerings have become quite commonplace. So, well-defined luxury offerings are aiming at HNIs, who expect the best that money can buy.” Raheja Exotica at Madh Island offers restaurants, and housekeeping and laundry services. TUNING OUT Here’s what’s ...

RERA may revive real estate sector in second half, say experts After May 1, when the Real Estate Regulatory Authority (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders. This is likely as genuine buyers may pitch in on the back of an improved consumer climate and lower home loan rates. "Considering the present scenario, the next three-four months are like the gestation period for the realty sector and after six months the sector is likely to gain momentum. We are hoping to see positive impact in the second half of 2017 itself after RERA comes into full effect," real estate advisory firm PropUrban Founder and CEO Mir Jaffer Ali told IANS. According to the Real Estate (Regulation and Development) Act, 2016, which came into effect on May 1 last year, every state is supposed to have a RERA in a year's time. It will thereon become mandatory for all real estate projects, commercial and residential...

The role of architecture in modern luxury housing Modern times have erased royalty as a social class, though the fundamental concept of royalty lives on in the form of extremely high purchasing power. The history of mankind has been replete with instances of magnificent architecture, and this trend has - both in the past and today - segued almost naturally into home designing concepts. In years gone by, imposing architecture was a function of both aesthetics and need - for instance, forts and palaces had to be massive to the point of being impregnable. Merely the scale this called for was impressive in its own right - and with such large canvasses, the scope for artistic embellishments was literally unlimited. Of course, the chance of everything getting cannon-balled to smithereens was a bit of a downside. Understandably, the richest people of our ancient cities sought to ape the opulence and grandeur that their kings and queens enjoyed in their imposing abodes. They also needed to exp...

Global investors keener now to invest in Indian real estate : Christian Ulbrich International investors are keen to invest in Indian real estate now more than ever before due to the enhanced liquidity and transparency it offers, a top global real estate expert said. “The outside view is more positive than the inside view on what I hear from Indian entrepreneurs, who are much more critical about the situation here,” Christian Ulbrich, Global CEO & President, Jones Lang LaSalle Inc., the global real estate consulting firm, said in an interview. “But the outside view is incredibly positive for India,” he said. Global investors want India to be successful so that it can develop into a matured country providing greater investment opportunities and options for investment, he said. “There is strong hope that India will be successful because people are now positive with the current government. People believe that he is starting to have real success in what he is doing and India is now catc...