Gurgaon homebuyers demand completion of Dwarka Expressway at earliest

Gurgaon homebuyers demand completion of Dwarka Expressway at earliest

Unhappy with the National Highways Authority of India (NHAI) for tendering the 28km Dwarka Expressway in parts, homebuyers on Monday demanded completion of the project at the earliest. On Saturday, the homebuyers held a peaceful protest in front of the NHAI office in Continue reading “Gurgaon homebuyers demand completion of Dwarka Expressway at earliest”

Real Estate: 7 charts shows festive season has no impact on demand; Q4FY16 was at five-year low

Real Estate: 7 charts shows festive season has no impact on demand; Q4FY16 was at five-year low

This festive season could see an increase in demand because developers are now offering lot of  freebies and discounts to clear their earlier stock as well as selectively launching new projects.

While, festive season is right around the corner and every sector is expecting to see a pick up unlike last year where “demonetisation” announcement had disrupted the demand, this year too economic slowdown can Continue reading “Real Estate: 7 charts shows festive season has no impact on demand; Q4FY16 was at five-year low”

Gurgaon: 10km elevated road to come up on Dwarka Expressway, tenders invited

Gurgaon: 10km elevated road to come up on Dwarka Expressway, tenders invited

In what could spell major relief to city commuters and homebuyers living sectors 80 to 115 along the Dwarka Expressway, the National Highways Authority of India (NHAI) is all set to construct a 10km elevated road. The tenders for the project were floated on Monday.

The elevated road will start from Continue reading “Gurgaon: 10km elevated road to come up on Dwarka Expressway, tenders invited”

Real estate, Gold or Mutual Funds: Know where Indians are investing their hard-earned money

Real estate, Gold or Mutual Funds: Know where Indians are investing their hard-earned money

When it comes to deploying their hard earned money, Indians rely heavily on physical assets like real estate and gold rather than financial assets. In fact, the average Indian household holds 84% of its wealth in real estate and other physical goods, 11% in gold and the rest 5% in financial assets like deposits and savings accounts, publicly traded shares, mutual funds, life insurance and retirement accounts, as per All India Debt and Continue reading “Real estate, Gold or Mutual Funds: Know where Indians are investing their hard-earned money”

Mumbai developers gain as RERA brings order to realty

Mumbai developers gain as RERA brings order to realty

Mumbai-based realty firms have scorched the charts on the Street in recent times on expectations that there would be a major shift in favour of organised real estate players, especially after the stringent implementation of the Maharashtra Real Estate Regulatory Authority (MahaRERA).Analysts also attributed the rally to the opening up of funding avenues for commercial realty projects.

Stocks such as Bombay DyeingBSE 4.98 %, Mahindra Life space, Godrej PropertiesBSE -1.12 %, Marathon NextgenBSE -2.50 %, and Oberoi RealtyBSE -1.37 % have rallied between 20 per cent and 148 per cent in the past one month, against 7 per cent gain in the BSE Realty index.

Mumbai developers gain as RERA brings order to realty

Several small realty developers are, in fact, merging their projects with large established developers to comply with MahaRERA which will give good business to the organised players, claimed market participants.

“The recent introduction of the RERA has pumped in a new lease of life into the sector. It is expected to weed out unorganised players and whip up buyer confidence, restoring the much-needed buoyancy,” said Chintan Modi, analyst, Motilal Oswal Financial ServicesBSE -1.14 %. “Maharashtra will see a very early consolidation compared with other markets as MahaRERA is functioning very efficiently here.” In the medium term, less-capitalised, or non-serious players, may find complying with the RERA provisions difficult, leading to partial or full exit from their projects. Serious and wellcapitalised players should benefit from this with increased demand and higher realisations, said experts.

“The provisions of capital adequacy , full disclosures and strict penalties should lead to greater transparency and increased customer confidence.This, coupled with favourable longterm fundamentals, should benefit the sector,” said Harshal Pandya, analyst, Edelweiss BSE 2.60 %.

Analysts are bullish on most Mumbaibased realtors, and most broking houses that are tracking Mahindra LifespaceBSE -2.13 % and Godrej Properties have given a buy rating to the stock. “We like Mahindra Lifestyle given its strong parentage, management’s focus on improving return ratios through strategic partnerships, affordable housing foray and comfortable balance sheet at 0.2 times debt to equity ,” said Deepak Purswani, analyst at ICICI Securities.

Mohit Agarwal, analyst, IIFL, said that Godrej Properties is in a sweet spot to benefit the most from the ongoing reforms in the real estate sector such as RERA and affordable housing.

However, Parikshit Kandpal of HDFC Securities, said that Oberoi Realty needs to rethink its product strategy to accelerate pre-sales for the upcoming projects.

 

Rental reforms redefine the Indian real estate sector

Rental reforms redefine the Indian real estate sector

High time to fully explore and unbox its massive potential

Several breakthrough reforms with pertinence to the Indian real estate sector saw the light of the day over the last one year. Be it demonetisation – the government’s ‘surgical strike’ against black money – the revolutionary RERA or the unified tax regime of GST – all bore the power of rendering the Indian real estate sector more transparent and Continue reading “Rental reforms redefine the Indian real estate sector”

‘NEW ACT SLOWED DOWN GROWTH OF REAL ESTATE’

‘NEW ACT SLOWED DOWN GROWTH OF REAL ESTATE’

But experts are optimistic; say RERA will be a boon in the long run

In the first half of the year, Bengaluru ranked second in total residential launches in India — with 13,400 abodes — in the post-Real Estate Regulation Act (RERA) phase. The market faced a notable 23% drop compared to the corresponding period last year, but experts feel it will pick up once initial hiccups get Continue reading “‘NEW ACT SLOWED DOWN GROWTH OF REAL ESTATE’”