realestate2022

REITs in India – Opportunity Awaits Considering the capital-intensive nature of the commercial real estate sector as an investment avenue and also the limited investment opportunities with regards to high-grade office assets, REITs (Real estate investments funds) will be a big boon for the Indian real estate industry. In simple terms, a REIT is an investment tool that owns and operates real estate assets and even allows individual investors to invest in and earn income through partial/equity level ownership of commercial real estate without actually having to buy those assets. It is modelled after mutual funds and provides its investors with all types of income streams, as well as the benefits of long-term capital appreciation. It also trades on major stock exchanges and provides investors with a highly liquid stake in real assets typically offering high yields. Over the last decade, globally, REITs have developed into a mature market force, providing easy access to high-quality assets...

Small developers seek to partner with large firms to revive stalled projects: RERA Impact Systemic delay, coupled with the implementation of the new regulatory laws in real estate, RERA have caused several mid and small sized realty developers to seek partnership and collaboration with with larger developers and firms to revive their stalled projects owing either to fund shortages or regulatory hurdles.Many local builders in Maharashtra, where the new Real Estate (Regulations and Development) Act (RERA) has been notified and a regulatory body has been formed, have approached large developers with deep pockets to take over their stalled projects. Some others are seeking partnerships for new projects which have not taken off. Navi Mumbai-based Terraform Realty Ltd is actively looking to partner with large developers to monetize some of its land assets or jointly construct five of its ongoing projects which are at various stages of development. “We are looking to join hands with larger g...

Bandra Kurla Complex is the World's 20th Costliest Office Market;  Delhi's Connaught Place stands 9th The nation's financial capital continues to slip on office rentals as Connaught Place in the heart of the national capital continues to remain the most expensive markets in the country and the 9th costliest in the world, says a report. According to the bi-annual global prime office occupancy costs survey by realty consultant CBRE Group, New Delhi's central business district of Connaught Place is the 9th most expensive office market in the world with an occupancy cost of USD 153.89 per sq ft per annum. This makes Connaught Place costlier than Dubai,downtown Boston and Shanghai. As against this Mumbai's Bandra Kurla Complex (BKC) is ranked 20th while the CBD of Nariman Point is ranked 33 on the list of the top 50 most expensive office markets around the world, says the CBRE report. CBRE India & Southeast Asia chairman Anshuman Magazine said "despite Connaught...

Balcony, veranda, terrace NOT part of carpet area : MahaRERA To bring about uniformity in the sale of apartments in the state, the Maharashtra Real Estate Regulatory Authority (Maha RERA) issued a circular on Thursday defining carpet area calculation and asked builders to adhere to this standard while drawing up sale agreements. The regulator’s circular has stated that the balcony, veranda and the terrace, even if exclusive to the flat owner, can’t be included in the carpet area even as internal walls are included in the calculation. While the new rules will result in the per square foot rate going up in certain areas, prices of apartments should remain unchanged. The move, however, is expected to bring to an end the practice of builders selling flats based on measurements like the built up area (sum of carpet area, wall thickness, ducts, exclusive balcony and verandas) or super built up area (sum of built up area and common facilities like veranda, staircase, lift etc). “We welcom...

Lodha Developers eyes 1.5 billion pounds from London housing projects India's leading realty firm, Lodha Developers is expecting sales revenue of 1.5 billion pounds (over Rs 12,000 crore) in the next three years from two ongoing housing projects in the central parts of this city. It had forayed into the realty market here in 2013 with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in prime Central London from the Canadian government for over GBP 300 million (Rs 3,100 crore) India’s leading realty firm, Lodha Developers is expecting sales revenue of 1.5 billion pounds (over Rs 12,000 crore) in the next three years from two ongoing housing projects in the central parts of this city. The Mumbai-based firm is also looking to acquire more projects here to grow the business. It had forayed into the realty market here in 2013 with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in prime Central London from the Canadian government for over GBP 3...

Buying a Home that Works for Your Children If we take a close look at how the average Indian family perceives home purchase, children and their needs are a massively important factor. It therefore makes sense to factor in the specific requirements of children while short-listing flats. But what exactly does this entail? When it comes to children’s needs in a home, there are basically three levels to be looked at: Safety Convenience Recreation If any one of these is ignored – perhaps in favour of other attractive features that an apartment may have for the adults – the interests of the children in the family are compromised. Let us study these three levels in some detail, so that the features that families should look for in a home become clearer: Safety There is a lot more to children’s safety and security in a residential setting than burglar alarms – though those should definitely be considered. Even if a home is not a ‘smart home’ at the DNA level, incorporating security-focused ele...

Frills attached: Is architecture becoming the new USP for luxe homes?  Sky villas or terraces, ocean and podium view flats offer exclusivity and brand value, but don’t get carried away, warn experts Luxury projects are increasingly using outdoor and rooftop spaces. Seen here is Runwal Elegante in Lokhandwala, with a sky bridge on the 37th level. They say space is the final frontier, and in a sense that is true for the real-estate market. In a crowded segment where USPs are hard to fashion, architecture — the planning and designing of space is becoming an important differentiator. This is true even in Mumbai, where the lack of space has traditionally left little room for architectural flourishes. Given the city’s space constraints, a lot of the frills have to do with going vertical. So we have sky bridges and sky villas; buildings curved so that each individual balcony serves as an entirely private ocean-view deck; there are also sky gardens and spas; and elevators that open directly in...

Government introducing GST awareness drive for public The Central government has initiated its media ‘Blitzkrieg’ to make the common man aware of how the upcoming Goods and Services Tax (GST) will reduce prices of most goods. In the advertisements, appearing  in the leading daily newspapers, pictorial representations of items which are exempt from GST is springing out . The Central Board of Excise and Customs (CBEC) is representing the advertise to make people aware of how the GST is going to effect the rates of daily goods. The GST Council, chaired by Finance Minister Arun Jaitley  has already made decision on tax rates of significant commodities. The commodities have been devided in slabs of 5, 12, 18 and 28 percent, with the exception of gold which will attract 3 percent GST. GST, which will colligate 16 different levies, is coming in effect from July 1. The CBEC has given information that salt, milk, gur, egg, curd, unpacked food grain and paneer, fresh vegetables, unbra...