realestate2022

Commercial real estate continues to attract private equity investments According to a research by ANAROCK Property Consultants, 'private equity (PE) funds have pumped in nearly $3.8 billion between January to September period in 2019' The demand in the office market is expected to grow strongly in the next few years Top investors included Blackstone, Hines, Ascendas, Brookefield and so on, stated the report (Mint) While real estate developers in the residential segment are finding it difficult to raise funds for their projects from most banks and financial institutions given the low demand and associated risk, the commercial segment is seeing an uptick. The real estate commercial segment that includes offices space, warehousing and so on are finding plenty of investors and financers, both in domestic as well as foreign market, who are looking for good opportunities for investment in this segment. According to a research by ANAROCK Property Consultants, “private equity (...

Why we need better Property Tax systems Property tax, which is levied on ownership of any real property, can be a significant source of revenue Photo: Aniruddha Chowdhury/Mint Cities are at the heart of economic growth everywhere. However, in developing economies, limited municipal revenues and resources can severely restrict a city’s ability to finance the infrastructure and services necessary for greater economic activity and better well-being for residents. In an article published on the Ideas for India portal, Soumyadip Chattopadhyay and Arjun Kumar suggest that even a modest increase in revenue from property tax systems can help Indian city-level municipal governments or urban local bodies (ULBs) expand their tax collections and allow them to invest in their city’s development. Property tax, which is levied on ownership of any real property, can be a significant source of revenue. However, in India, it is hindered by poor assessment of properties, inefficient collection, and wid...