A sizeable 58 percent of the new supply that hit the prime markets in the first half of 2019 was in the affordable and mid-price segment, says a report
India's home loan market grew from Rs 4.6 trillion to Rs 9.7 trillion, exhibiting a CAGR of 16 per cent during the period under review, the consultant said based on analysis of RBI home loan data.
The numbers were published as part of a JLL report released at Credai Natcon 2018, the industry body's 18th annual international real estate convention, held in Berlin, Germany, this year.
JLL India report : Estimated that warehousing space in India will increase by 112 percent by end of 2021. GST is playing a pivotal role in boosting both the hub and spoke model as well as the growth of the MultiModal Logistics Park.
In its report, JLL estimated that the amount will be invested in creating warehousing facilities across India from 2018-2020. Warehousing stock is expected to rise to 247 million sq ft by 2020 from 140 million sq ft in 2017.
The consultant expects high level of unsold inventories would result in stable housing prices.
JLL India in a statement said it has appointed a slew of market leaders for strategic positions in its real estate investment and capital market services business.
The consultant also said that states should be asked to exempt stamp duty on the Real Estate Investment Trusts (REITs) to make them viable.
"This is Juggy's second stint with JLL, after a short entrepreneurial hiatus, when he was with global co-working behemoth WeWork as its India Lead," it added.
In its report 'Livability Quotient – A Paradigm Shift in India's Emerging Cities', JLL has evaluated 10 emerging cities, including few large townships by private developers, for their city administration practices, sustainability, and overall livability.
Real estate sector witnessed an investment of over Rs 16,000 crore in the first half of 2017, of which 56 percent was in housing and township projects, according to property consultant JLL India.
In July 2015, Housing.com's board had sacked Yadav, stating that his behaviour towards investors and media was not "befitting" of a CEO.
Globally, student housing is acknowledged as an important and lucrative real estate segment. It is generally included under the â€˜alternative‘ real estate asset classes. In its current form in India, student housing essentially comprises R
Chennai has witnessed a huge influx of population, owing to the growth in employment opportunities, especially in the IT and manufacturing sectors. Obviously, this had led to a rise in the demand for properties R
Although the Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March 2016 and all the 92 sections of the Act come into effect from May 1, only 13 states and R
TOD has the power to transform the future of Indian cities
GST will not be charged on completed apartments or on rental income received by a landlord from a tenant for a residential unit. In case of commercial properties on rent, a service charge of 15% is currently levied as service tax. This will be replaced by GST.
Mayur Shah, an NRI from Boston, wanted to invest in a residential house in India. His first choice naturally, was his hometown of Ahmedabad. However, he was advised by the local agents to instead R
The Lok Sabha, on March 29, 2017, cleared four bills in preparation of the upcoming rollout of the Goods and Services Tax (GST) regime: Integrated GST Central GST Union territory GST Compensation bill This R
Across the globe, International Women‘s Day on March 8, celebrates the social, economic, cultural and political achievement of women. This year‘s theme for International Women‘s Day is â€˜Be Bold for Change‘ and change is R
Post demonetization and regulatory changes the industry is all set to change in a different orbit of growth.
Priyansh Jain, a textile merchant from New Delhi, has an independent three-storeyed property in upmarket Pitampura locality. He has a large joint family and is now looking to sell his property and relocate to R
With a thriving start-up ecosystem aided by the Modi Government‘s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main R
Pune is hailed as an educational hub, which attracts students not only from different parts of Maharashtra, but also from all over the country and abroad. The city is home to several prestigious institutes, R
Chennai has grown exponentially in recent decades. It attracts an endless sea of people who keep moving in to the city, primarily for career and educational prospects. Employment and education opportunities and lifestyle prospects, R