How Can Technology Improve Productivity Of Real Estate Brokers?

How Can Technology Improve Productivity Of Real Estate Brokers?

Sometimes simple technology interventions can be of immense help for brokers. For instance, true-caller type screen projection with all required details, when a client calls a broker

While a lot has been talked about how technology can help home buyers and rent seekers in real estate space and how online platforms can leverage technology to provide a great Continue reading “How Can Technology Improve Productivity Of Real Estate Brokers?”

Bulk of family wealth in India still tied to real estate: RBI report

Bulk of family wealth in India still tied to real estate: RBI report

A RBI report on household finances shows even the poorest of the population keeps its wealth in real estate or gold.

Real estate rules

76.9% of household wealth in India is invested in real estate.

59% of the poorest 20% in the country own a dwelling unit of some kind or land.

All that glitters is gold

11% of all family wealth goes into buying the yellow metal

8% of total liabilities in Indian families are in gold loans

No takers for financial assets

5% of family wealth is in financial assets like cash, bank accounts and pension accounts

Debt to cope with emergency expenses

56% of all liabilities of Indian families is made up of unsecured loans. Repayment of mortgages increases with age in India

Uncertainty caused by RERA and GST is history: Irfan Razack, CMD, Prestige Group

Uncertainty caused by RERA and GST is history: Irfan Razack, CMD, Prestige Group

Prestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the next level. In an interview with ET, Irfan Razack , CMD of the group, talks about the Continue reading “Uncertainty caused by RERA and GST is history: Irfan Razack, CMD, Prestige Group”

Will government intervention help home buyers recover money from realty firms facing closure?

Will government intervention help home buyers recover money from realty firms facing closure?

Experts are sceptical about what insolvency proceedings hold for aggrieved citizens.

On Wednesday, the government allowed home buyers to file claims against real estate companies facing liquidation. The government’s intervention came in the wake of panic in the National Capital Region last week after IDBI Bank initiated insolvency proceedings against real estate company Jaypee Infratech for failing to repay its loans. Those who had made advance payments Continue reading “Will government intervention help home buyers recover money from realty firms facing closure?”

Triple Impact Of Demonetization, RERA And GST On The Real Estate Sector

Triple Impact Of Demonetization, RERA And GST On The Real Estate Sector

The triple impact of Demonetization, RERA and now GST have brought dramatic changes in regulatory, tax and business environment in India. The implementation of these landmark developments within a short span of time is bound to create short term problems till our economy gets accustomed to it. However, in the long term all these are certain to make the industry more transparent which will Continue reading “Triple Impact Of Demonetization, RERA And GST On The Real Estate Sector”

Real Estate Investment: Is this a good time to buy your dream home? Find out

Real Estate Investment: Is this a good time to buy your dream home? Find out

Barring a few unfortunate incidents in real estate, the dice seems to be loaded in favour of homebuyers currently. However, is it the right time to invest in real estate?

Barring a few unfortunate incidents of some housing projects getting delayed or some builders going bust, the dice seems to be loaded in favour of homebuyers currently. For instance, over the past one year, significant rationalization of property prices has been seen in many parts of the country, and property has now become Continue reading “Real Estate Investment: Is this a good time to buy your dream home? Find out”

MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay

MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay

MUMBAI: Developers in Maharashtra who missed two previous deadlines for registering their ongoing projects will have to pay at least Rs 1 lakh as penalty for delaying applications.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to slap Rs 1 lakh or an amount equivalent to the registration fee, whichever is higher, as the penalty for applications received between Continue reading “MahaRERA registration for ongoing projects: Realtors face a minimum Rs 1 lakh penalty for delay”

Understanding real estate: income from house property

Understanding real estate: income from house property

The world of real estate can be a confusing mine of legalese. Buying a home is the easiest thing you can do. It’s the documentation that comes after that is the hardest!

In our series of legal explainers, we take you through this complicated world, navigating the world of Continue reading “Understanding real estate: income from house property”