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HomeRealty

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*Realty

Indian Hotel Industry – A Post-Pandemic Snapshot

Saying that Covid-19 has had an unprecedented impact on the hotels sector in India is putting it mildly. We anticipate the overall Indian hospitality sector (including organised, unorganised and semi-organised operators) to incur an estimated total revenue loss of approximately Rs 90,000 crore in 2020. By Mandeep Lamba The occupancy and average daily rate (ADR)

  • November 30, 2020
  • 107
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*RealtyRealty Residential

Mall Supply in 2020: 5 Launched Across India So Far

Severely impacted by Covid-19, Indian cities in 2020 saw the addition of just five new malls spanning ~2.75 mn sft area. Among the cities that added the new mall supply are Gurugram, Delhi, Lucknow, and Bengaluru. The supply is far less than the previously predicted numbers. “Before the Covid-19-catalyzed lockdown in March, our research indicated

  • November 17, 2020
  • 81
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*Realty

Magicbricks Launches Rental Solutions

In a bid to widen its property services marketplace and consolidate smart solutions for homeowners as well as tenants, property site Magicbricks has launched a range of rental solutions. The company has unveiled its Rental Agreement, Tenant Verification, and Pay Rent. The new rental products, it said, are aimed at building a “fair” and “transparent” relationship between landlords and

  • November 10, 2020
  • 53
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*RealtyRealty Residential

India will Spend over Rs 37 Trillion a Year to Accommodate Population by 2030: Report

The country will spend $500 billion (Rs 37 trillion) a year by 2030 to accommodate its rapidly expanding population, according to the latest report by the international construction and consultancy firm Mace. The report, ‘A Blueprint for Modern Infrastructure Delivery’ states that since the global Covid-19 pandemic took hold at the start of 2020, infrastructure

  • November 4, 2020
  • 73
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*RealtyRealty Residential

Housing Sales Set to rise 35% this Festive Season

Previous year trends suggest that housing sales across top cities in the festive quarter (Oct-Dec) mostly saw an uptick – anywhere between 5-10% – over the preceding quarter. This is largely because the festive season is considered most auspicious for property buying in India and developers also roll out various schemes and offers to fuel

  • October 15, 2020
  • 63
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*Realty

Magicbricks Partners with Urban Company to offer Home Services for Sanitisation, Pest Control

Property site Magicbricks has forayed into the property services business as it moves towards consolidating a whole bouquet of smart solutions for homeowners and tenants. The company has entered into a partnership with Urban Company (formerly UrbanClap), India and the UAE’s largest tech-enabled home services company, to offer its users home services for sanitisation and pest control

  • October 8, 2020
  • 145
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*RealtyRealty Residential

Developers Explore Coworking Spaces in Residential Projects

Amidst several Covid-19-induced changes within the Indian real estate, many developers are now mulling the viability of incorporating coworking spaces in their residential projects to align with the new work-from-home (WFH) realities. There are at least two possibilities – retrofitting co-working spaces into existing clubhouses, and incorporating such a feature at the very design stage

  • October 6, 2020
  • 73
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*RealtyRealty Residential

Tier-II, III Cities Dominate in Senior Living With 60% Share

Covid-19 may reshape the future of the senior living segment in the country, with demand for such homes set to zoom up amid the present uncertainties. There is only a limited supply in this segment, via 55 projects by the top 12 players in this segment – 60% in tier-II cities and the remaining 40%

  • August 20, 2020
  • 69
Budget 2020
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*Realty

Budget 2020: Jaquar’s Rajesh Mehra Expects FM to Take These Steps for Realty Revival

The growth of building products industry hinges on the booming real estate sector. As the Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2020 on February 1, Rajesh Mehra, director and promoter of Jaquar Group shares the wishlist that he feels would boost the realty should the Modi-led government accept them.

  • January 30, 2020
  • 247
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*Realty

How Realty Reacted to Modi Govt’s Rs 25,000 Cr Bailout Package

In a significant move aimed at bringing relief to homebuyers and realty players, the Modi government has announced constitution of a Rs 25,000 crore Alternative Investment Fund (AIF) for reviving 1,600 stalled projects, mainly in the affordable and middle-income categories. These monies will be pumped in jointly by the government, Life Insurance Corporation of India

  • November 14, 2019
  • 222
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*Realty

Govt’s Real Estate Fund Will Benefit Stalled Projects but Might Aggravate Demand-Supply Imbalance

The new guidelines have widened the scope for projects that could avail funding under this special window. Harsha Sodhani India Ratings and Research (Fitch Group) believes the government of India’s decision to set up a fund of Rs 250 billion (announced on 6 November 2019) to provide priority debt financing for the completion of stalled

  • November 13, 2019
  • 89
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*RealtyRealty Residential

Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities: Anarock

Homebuyers seeking ready-to-move-in properties in the ongoing festive quarter are spoilt for choice, as nearly 81,300 unsold homes are available across the top seven cities in the category, according to property consultant Anarock. As on Q3 2019 end, approximately 6.56 lakh units were lying unsold across these cities and out of this nearly 12% are

  • October 24, 2019
  • 110
Flexible space and Coworking space
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*Realty

New Office Formats Gaining Ground

Flexible space and Coworking space are the new formats of offices that are gaining steam across the country. While the former offers managed space for one company with customised amenities, the latter provides shared space for smaller companies with common facilities. The flexible space take-up in the country has reached about 4.6 million sft in

  • October 14, 2019
  • 259
Prashant Thakur, director & head – Research, Anarock
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*Realty

Age of Indian Homebuyers – Across Decades and Cities

Prashant Thakur  The age of property buyers is an important demographic variable which Indian real estate stakeholders from developers to marketers and advertisement agencies must focus on. Over the past decade, there has been a tectonic shift in not just the overall buying pattern but also in the age of property buyers. Until the late

  • October 3, 2019
  • 79
Mohit Goel, CEO - Omaxe Ltd.
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*Realty

Reduction in corporate tax a decisive measure: Mohit Goel, CEO – Omaxe Ltd.

We wholeheartedly congratulate the honourable Finance Minister Nirmala Sitharaman for announcing such a bold and decisive measure. This was a long-standing demand of the Indian corporates including the real estate sector. We believe the decision will go a long way in reinvigorating the manufacturing sector in particular in line with make in India initiative of

  • September 23, 2019
  • 302
Ramesh Nair, CEO & Country Head - JLL India
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*Realty

Corporate Tax Relaxation to Boost Investments Across Sectors: Ramesh Nair, CEO & Country Head – JLL India

The announcement by honourable Finance Minister, Nirmala Sitharaman proposing to slash corporate tax for domestic companies from 30% to 22% comes at an opportune time when the economy needs a boost in investments. To give strength to India’s ambitious ‘Make in India’ initiative, the government has proposed a tax rate of 15% for new domestic

  • September 21, 2019
  • 103
Anuj Puri, Chairman - ANAROCK Property Consultants
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*Realty

FM Slashes Corporate Tax to Help Revive the Economy: Anuj Puri, Chairman – Anarock

In another positive and a bold step to help revive the economy from its slumber, the FM has slashed the corporate tax rates to 25.75% from earlier 30%. This big-bang move will have a rippling impact on all sectors including real estate as it will encourage foreign institutional investors to invest in the country. In

  • September 20, 2019
  • 83
Shishir Baijal - Chairman & Managing Director, Knight Frank India
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*Realty

Slashing Corporate Tax a Milestone Effort to Kick Start the Economy: Shishir Baijal, CMD, Knight Frank India

We are delighted with the Honourable Finance Minister’s announcement this morning on restructuring the corporate tax regime. It is a milestone effort towards kick-starting the Indian economy and boost production. This substantial direct tax reduction will allow more liquidity for the corporates that are currently assuming drastic measures to protect their profitability. This reduction in

  • September 20, 2019
  • 138
Harish Nair, Executive Director & Head CBRE Consulting at CBRE Asia Pacific
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*Realty

Understanding UDAN’s Impact on Real Estate

The symbiotic relation of aviation and realty benefit the economy at large Harish Nair Air transport in India has demonstrated long-term flexibility, becoming an essential means of connectivity and in turn generating economic growth, jobs, and international trade and tourism. Hospitality, healthcare, real estate, logistics, automotive, education and all other sectors perform better when air

  • September 7, 2019
  • 114
JLL APAC, Smart Cities Report
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*Realty

Smart Cities Risk Curtailing Potential by Prioritising Technology over People: JLL

A human-centric approach to developing smart cities, innovative financial solutions to attract the private sector, and elimination of bureaucratic bottlenecks will lead to Smart City Mission’s success, reports JLL Smart Cities initiatives in the Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs

  • September 6, 2019
  • 103
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