Office space demand sees sustained pickup across top cities

MUMBAI: The demand for commercial real estate across the country is getting stronger and is witnessing a sustained momentum. The office space absorption across top 9 property markets has seen a sustained growth with total 28.3 million sq ft picked up during the first nine months of 2016, showed a Colliers International report. Last year, commercial real estate in India registered a record absorption, and given the current momentum, this year is also headed in the same direction. “The key […]

RBI cuts repo rate by 25 basis points; real estate sector urges banks to quickly lower home loan rates

The real estate sector is pinning its hopes on lenders to quickly transmit the RBI’s decision of 25 basis points cut in repo rate into lower lending rates to boost home sales. “Following this rate cut, it is critical for banks to reduce interest rates so that the benefits can be enjoyed by the end user. The new governor, Urijit Patel’s move to cut rates by 25 bps will infuse confidence in the system thereby providing a boost to not […]

Rules for Real Estate Act finalised: Venkaiah

New Delhi, Oct 3() The Centre has finalised rules for the Real Estate (Regulation and Development) Act, which will be communicated to the states soon, allowing them to set up regulators for the sector, Union Urban Development Minister M Venkaiah Naidu said today. Parliament had passed the bill in March, to regulate the real estate sector, bring transparency and help protect consumer interests. “The Real Estate bill has already been approved and we have finalised the rules too. Now, we […]

REAL ESTATE BOOST – Realtors offered consortium route to beat state land cap

KOLKATA: In a move aimed at boosting real estate, the Mamata Banerjee government wants developers to form a consortium and build private townships spread over 50 acres or more, provided 25% of the land is reserved for economically weaker sections and another 25% for non-residential activities. The move will help landowners bypass the state land ceiling that is currently capped at 24 acres for individuals. In the new arrangement, a developer with land above the ceiling can form a consortium […]

Green buildings are the way forward in India’s real estate market: IGBC chairman

In order to ensure a sustainable future, many developers are adopting and promoting building that adhere to this. Green buildings and sustainable built spaces have been the way of life in India for centuries. In order to ensure a sustainable future, many developers are adopting and promoting building that adhere to this. Fe Money spoke to Prem C. Jain, chairman, Indian Green Building Council (IGBC) on why green sustainable real estate is important for India. He advocates building with sustainable […]

COMMERCIAL REAL ESTATE WILL SOON DEPEND ON EMPLOYEES

There has arguably never been a more disruptive time to be in business. The orthodoxy surrounding the global economic cycle has been severely challenged. The onset and subsequent aftermath of the Global Financial Crisis (GFC) has reset the definition of ‘normal’, and instilled a new, more cautious corporate mindset. “The employees of the future and their demand from the workplace will change the way we look at commercial real estate and the global cities of the future will be built […]

DLF ranked India’s top real estate brand

Gurgaon-based DLF has been ranked India’s most reputed real estate brand followed by Godrej Properties and Lodha Group in second and third places respectively, according to a report. The study conducted by BlueBytes in association with TRA Research (both part of the Comniscient Group), features Hiranandani Developers at the fourth place and Tata Housing at fifth place. Bangalore-based Prestige Estates came in at sixth place and is the second non-Mumbai-based developer to make the list. A total of eight real […]

The multiple aspects on Real Estate in India

The gap between the supply and demand is huge in affordable housing and it may take long years to meet the demand for the economically weaker housing. Overview on the real estate industry in India Urban Real estate in India comes from nine cities namely, Chennai, Bangalore, Hyderabad in South, Kolkata in East, Mumbai and Pune in the west and Delhi, Noida, Gurgaon in the Northern part of India. These nine cities may be contributing close to about 60 % […]

Builders bat for branding Nashik as real estate hub

Builders bat for branding Nashik as real estate hub

Nashik: The Confederation of Real Estate Developers Association of India (Credai) in Nashik has come up with a branding strategy for the city to overcome the slowdown in the real estate sector. As part of this, the builders’ body is in the process of holding talks with experts and various other organisations to chalk out a roadmap for the project. Speaking to TOI, Sunil Kotwal, president, Credai Nashik, said, “The realty sector is already passing through a phase of slowdown. […]

RERA Act will change real estate work culture

RERA Act will change real estate work culture

Amid apprehension on the ‘adverse’ impact of the implementation of Real Estate Regulation Authority (RERA) Act-2016, it has been described as one that would bring about transformation in the real estate sector’s work culture, transparency and discipline. Addressing a workshop on the Act organised by CREDAI, Visakhapatnam chapter, senior advocate from the High Court M.V. Durga Prasad said builders should guard against their vulnerability as once they register on the website and open a bank account to deposit 70 per […]