Expertspeak: Housing for all a game-changer

India is on the verge of large scale urbanisation. Around 31% of the population lives in urban areas and contributes over 60% to the GDP. It is projected that they will contribute nearly 75% to the national GDP in the next 15 years. Cities, therefore, are referred to as engines of economic growth. Ensuring that they function efficiently is critical. The real estate sector will play a crucial role in shaping the Indian economy. Here's a glimpse of trends which will dominate the sector:

Affordable homes: The 'Housing For All by 2022' initiative is a potential gamechanger. Economic recovery is expected to gain momentum, driving the demand for affordable houses.

Smart cities: The government's decision to develop 100 smart cities and rejuvenate another 500 cities is a bold step. Smart cities will see businesses migrating to new cities due to cheaper land, labour and property resulting in even distribution of population over a wider area.

Read Full Story: Expertspeak: Housing for all a game-changer

Read More

At close to Rs 53,000 cr, investments into real estate set to touch 7-year high

Investments into the real estate sector in 2015, at close to $8 billion or Rs 53,000 crore, are poised for a seven-year high. Much of this has come in via the private equity (PE) route and borrowings through non-convertible debentures (NCD).

The size of the inflows might seem surprising given the sector is not particularly in good shape. The residential space, in particular, has been under pressure though the commercial property piece has done reasonably well. However, less than a fifth of the PE funds raised has found its way into commercial real estate; the bulk flowing into residential ventures allowing prices to remain firm. Indeed, if developers have not dropped prices, it’s thanks to investors backing them.

Cushman and Wakefield estimates around $2.8 billion or Rs 18,700 crore had been invested by private equity players in the real estate market till end September. Add to that an estimated $4.5 billion, or Rs 30,500 crore, of NCDs — till November 2015 — and the tally is already up by 74% over last year’s Rs 17,600 crore.

Read Full Story: At close to Rs 53,000 cr, investments into real estate set to touch 7-year high

Read More

Govt to make fresh bid for passage of GST, real estate bills

Government will make a fresh bid to pass crucial bills on GST and real estate in the last week of the Winter session amid signs of some thaw with Congress on the key economic reform measure.

The legislative and financial business proposed next week includes a discussion on the issue of price rise in both Houses with emphasis in Rajya Sabha on rising price of essential commodities, including foodgrains in the country.

A discussion is also likely on the issue of “growing intolerance endangering the unity and diversity of the country”.

While six bills each have been passed and introduced in Lok Sabha, the Rajya Sabha has passed only one bill.

10 Bills passed by Lok Sabha are still to be taken up in Rajya Sabha. In the Lok Sabha, government has proposed to take up nine items of legislative and financial business during next week, a statement by parliamentary affairs ministry said.

Of these, time has been allotted for seven items. A heavy agenda of 16 items is due to be taken up in Rajya Sabha which lagged behind Lok Sabha in transaction of business this week due to disruptions and forced adjournments.

Four hours have been allotted for the passage of the GST bill, three hours for real estate bill and two hours for anti-graft measure, the whistleblower bill.

Prospects of a forward movement on GST appeared in sight on Friday with the government giving some proposals to the Congress and expecting a response by Monday when Parliament meets again with just few working days left for the Winter Session to conclude.

Read Full Story: Govt to make fresh bid for passage of GST, real estate bills

Read More

PE funds, NBFCs join hands for big-ticket real estate deals

Private equity (PE) funds and non-banking financial companies (NBFCs) are joining hands to invest in real estate projects to hedge risk in a sluggish market and undertake big-ticket transactions.

Consortium lending, where two or more investors back a realty project or a company, is the outcome of debt or equity syndication in a sector where often a single lender or investor is unable to invest large amounts or wants to distribute risk.

Over the past two years, the realty sector has seen its worst ever slowdown, but this has not deterred PE funds and NBFCs from backing developers in need of finance.

In fact, a lot of capital is chasing a handful of good deals, leading to stiff competition among investors and more vistas for collaboration.

This year has seen quite a few such deals and sector experts say this is just the beginning.

In October, Piramal Fund Management Pvt. Ltd and Altico Capital India Pvt. Ltd co-invested Rs.720 crore in multiple projects of Century Real Estate Holdings Pvt. Ltd in Bengaluru, in one of the largest structured debt transactions.

In another instance, the Shapoorji Pallonji Group partnered with Standard Chartered Private Equity, International Finance Corporation (IFC) and the Asian Development Bank (ADB) in August to build 20,000 affordable homes across the country. The partnership will invest about $200 million in the project.

Lead investor Standard Chartered, along with IFC and ADB, will invest 70% of the $200 million, and the rest will come from Shapoorji Pallonji.

There are a number of smaller transactions adopting the collaboration route as well.

“In the long run, collaboration among investors will be more pronounced in large-ticket lending or private equity deals. It will be driven mostly by the investors’ need to manage concentration risk. There will be a separate breed of lead investors who will be in the forefront of this, who will originate, negotiate, structure large-ticket investments, underwrite all or a substantial part of these, and bring LPs (limited partners) or co-investors to subscribe to part of the investment,” said Ashish Singh, India managing director, real estate private equity, Standard Chartered.

Read Full Story: PE funds, NBFCs join hands for big-ticket real estate deals

Read More

Bring alcohol and real estate within GST ambit: Panel

The government panel on GST has strongly recommended to bring alcohol and real estate within the GST ambit in order to reduce black money generation. 

In the same vein, it has advocated to bring electricity and petroleum within the scope of the GST to make Indian manufacturing more competitive.

 And, it suggested higher taxes on precious metals like gold in order to wean away people from the yellow metal that increases Centre’s import bill out of proportion.

“Choices that the GST Council makes regarding exemptions/low taxation (for example, on gold and precious metals, and area-based exemptions) will be critical. The more the exemptions that are retained the higher will be the standard rate. There is no getting away from a simple and powerful reality: the broader the scope of exemptions, the less effective the GST,” it said.

 On alcohol and real estate, it said, “It would be advisable at an early stage in the future, and taking account of the experience of the GST, to consider bringing fully into the scope of the GST commodities that are proposed to be kept outside, either constitutionally or otherwise. Bringing alcohol and real estate within the scope of the GST would further the government’s objectives of improving governance and reducing black money generation. 

“Bringing electricity and petroleum within the scope of the GST could make Indian manufacturing more competitive; and eliminating the exemptions on health and education would make tax policy more consistent with social policy objectives,” the panel said.

 According to some estimates, real estate is about a tenth of the Indian economy, the extent of black money floating around in the sector is huge — many times more than what is said to be stashed away abroad.

Read Full Story: Bring alcohol and real estate within GST ambit: Panel

Read More

Regalia Colors Housing - 2 BHK, 3BHK, 4BHK FLAT

Housing a Group Housing Society Launched a project in the upcoming FIRST SMART CITY OF INDIA located in L Zone (Next to Dwarka), Delhi. The City will be a showcase to the world with state of the art transport and infrastructure, Commercial, Financial and Educational Hubs, 24x7 electricity and water. Also, enclosing a link to a clip which can showcase you how its been planned. This is first of its kind development in the National Capital - Delhi. Thus a BIG TIME OPPORTUNITY for Consumers to"OWN A LUXURIOUS DELHI ADDRESS PROPERTY".

Availability Of Membership
Memberships shall be approved and allotted purely on a first come first serve basis.

Payment Schedule

1. The payment shall comprise of two parts : Land Cost and construction cost.
2. The Land cost amount shall be deposited at the time of booking along with application forms duly filled and accompanying documents. payment plan (CLPP)which will be designed and shared with all members prior to the commencement of construction.
3. All members will be required to strictly adhere to the CLPP.

Cost Escalation

1. The land Cost amount shall be fixed on date.
2. There will no escalation with regards to the Land cost. The Construction Cost amount has been derived based on the estimated price of Construction materials in 2015.
3. This estimate also takes into consideration the expert advice from the architects.
4. However, if in case there is any major escalation in the cost of the materials, this will be incorporated into the costing which shall shared proportionately among members. The same shall apply in the case of any additional charge being levied by any competent authority.

Possession Time Frame

1. Based on the current indications and actions by DDA it is estimated that construction will begin in 2015.
2. The pace of construction is expected to progress swiftly and completion time frame shall be 36‐48 months from the start of construction but the same may vary depending upon the clearances and approvals mandated by law and the actions of DDA.

A member has the option to surrender his/her membership by writien application and the procedure of submission of respective documents will begin along with original share certificate.

2 bedroom flat in dwarka delhi, 3 bedroom flat in dwarka delhi, 3 bhk flats in dwarka delhi, 4 bedroom flat in dwarka delhi, 4 bhk flats in dwarka delhi, Buy 2 bhk flats in dwarka delhi

Read More