realestate2022

All You Need To Know About Mumbai-Ahmedabad Bullet Train Project Initiation of the ambitious  Mumbai-Ahmedabad Bullet Train  project was being eagerly awaited, the foundation stone for which was finally laid by Prime Minister Narendra Modi and Japanese Premier Shinzo Abe on September 14, 2017. The bullet train is a prominent feature in countries like China, France, Germany, Japan etc., and will now make its way to India. The first-of-its-kind railway system in India, this train will be based on the Shinkansen technology, and will be developed in collaboration with Japan. Scheduled to be completed on August 15, 2022, which is the country’s 75 th  year of Independence, the project will be developed at a total cost of 1.08 lakh crore ($17 billion). The train corridor will not only ease commuting time between Mumbai and Ahmedabad but also give a boost to the economies of the two financial hubs. Let us look at finer details of the project: Ground work The H...

Want To Make Big Gains In Property? India Is Asia’s Best Performer (Shutterstock) The optimists who did not let reports that harped on the negatives of India’s real estate dampen their spirits did not base their faith solely on their instincts. Their firm belief in India’s real estate and its great potential has been based on facts and figures, it would appear. Local reports may be lampooning the way matters are shaping up after new reformatory legislations, including the Real Estate (Regulation & Development) Act, 2016, and the Goods and Services Tax, came into force in the recent past, hitting sectorial growth further in the belly. As it is, property markets in India did not see much action in the past four years. Wide cracks started to show after the country put in place a regulator to monitor the sector, notorious for its, what is often referred to as, “shady character”. However, the performance of India’s real estate is nothing short of stellar when we compared it with other ...

For luxury retail, biggest hurdle is infrastructure - Sanjay Kapoor Genesis Colors managing director Sanjay Kapoor speaks about the company’s plans, changing consumer tastes and problems facing luxury retail in India Genesis Colors managing director Sanjay Kapoor. Photo: Priyanka Parashar/Mint In April, luxury retailer Genesis Colors Ltd received an additional $3 million from its single-largest investor Sequoia Capital India in a pre-IPO (initial public offering) funding round. The Gurugram-based firm that retails luxury brands such as Satya Paul, Burberry, Jimmy Choo, Michael Kors, Bottega Veneta, Coach, Canali and the Armani range in India, is looking to raise about Rs500 crore to support expansion. In the next three years, Genesis Colors will open 10-12 new outlets each year. In an interview, Genesis Colors managing director Sanjay Kapoor spoke about the company’s plans, changing consumer tastes and problems facing luxury retail in India. Edited excerpts: Globally, growth has slowe...

When the home looks like a hotel and vice versa Conspicuous consumption and spending lavishly on expensive but essentially wasteful goods and services to show off one’s wealth has always been around High-rises in India’s large cities are marketed to millionaires, whose numbers have been steadily growing. Photo: Ramesh Pathania/Mint For India’s uber rich, the lines between home and the hotel are blurring. They stay at high-end apartments designed like five-star luxury properties, and at opulent hotels that offer services and amenities which make one feel like they are at home. For instance, swanky apartments like the World Towers by the Lodha Group has engaged Italian designer Giorgio Armani for its over $1 million three-or four-bedroom apartments in Mumbai. Then there is Yoo in Pune, designed by Philippe Starck and John Hitchcox, who have designed landmark projects in Asia, Australia, Europe, Africa, North and South America and the Middle East. Today an address is no longer enough to m...

Sentiment in real estate is positive for the medium- to long-term period Smantak Das discusses the sentiment of stakeholders—homebuyers, investors and developers—in the residential real estate market Smantak Das, chief economist and national director, Knight Frank India In a Facebook Live discussion with Mint, Smantak Das discussed the sentiment of stakeholders—homebuyers, investors and developers—in the residential real estate market. Edited excerpts: How do you observe the current residential real estate market? Where is it heading? I think the real estate sector in India has gone through the most important reforms in the last 6 months to 1 year and these reforms are phenomenal in my opinion. These reforms are going to give medium- to long-term benefit to the sector. If you go by sentiments on the supply side—the financial institutions and developers—definitely they are more into aligning themselves in the new era of real estate. Customers are still in the wait-and-watch mode and the...

How 'Green' Bonds Help Build Clean Real Estate (Shutterstock) The National Highways Authority of India (NHAI) is planning to float green masala bonds to raise $750 million. The funds raise through these green masala bonds, to be listed soon on the London Stock Exchange (LSE), are to be used for greening of highways and other such projects in India. "We plan to float what we call green masala bonds in a month and aim to raise $500 million to $750 million in the first tranche," media reports quoted NHAI Chairman Raghav Chandra as saying on July 21. "We plan to float what we call green masala bonds in a month and aim to raise $500 million to $750 million in the first tranche," media reports quoted NHAI Chairman Raghav Chandra as saying on July 21. PropGuide  explains green bonds and how they can impact real estate in India. What are green bonds? A debt instrument, bonds are a means of raising finance from investors. It is profitable for both parties, as the ent...

Can a home be bought for end-use as well as investment purposes ? While real estate may give better ROI than any other investment instrument, can an end-user afford to think like an investor?  We get some answers The psychology of home buyers and their expectations vis-à-vis return on investment (ROI), have traditionally been different for investors and end-users. However, this difference may be gradually disappearing, at least in the top eight cities. Thinking in terms of risk-versus-return is something that is predominantly done by investors. “Whether the mindset of an average end-user is similar to that of a seasoned investor today, is very much debatable,” said a panelist at an investment seminar. Take the case of Ramakant Nigam, an employee in the power sector who rented an apartment in Atta Market, close to the central business district of Noida, at Rs 18,000 per month. With 12 years to go before he retires, Nigam invested in a property in Ghaziabad. Nigam believes that he ma...