“I can't think of a better career choice” believes Surabhi Arora, Senior associate director – research, Colliers International, Gurgaon.
How do various segments of real estate fared in 2016? What to expect in 2017?
The growing office demand is outstripping the supply in cities, therefore, leading to a continual downward pressure on vacancies and upward pressure on monthly gross office rents.
The Act mandates that every state have to draft its own respective regulations within 180 days and establish a Real Estate Regulatory Authority and an Appellate Tribunal within a year.
The proposed capital is strategically located between Vijayawada and Guntur, but will only serve as major suburbs to Amaravati after its development.
As many as 19,000 residential units were launched in top six cities during January-March period, with the megapolis witnessing the highest number of launches, a study said.
The bill definitely puts up a step ahead to protect the consumer interest, however a lot depends on the effective implementation of the measures undertaken.
Buying a luxury apartment is the â€˜in thing‘ in the town. However, there is no one definition of luxury. Hence better to know what exactly you are looking for and check if the developer is offering the same to you.
Home buyers are looking up to the Union Budget 2016 with a lot of expectations. Surabhi Arora captures some of the key demands.
Rental housing appears to be a step in the right direction. However, more work needs to be done to see some meaningful improvement in housing sector.
Ease of doing business surely improved due to recently announced changes in FDI norms. However, there are more steps required to revive real estate sector.
It is better to get clarity on the offerings of a real estate agent. It helps in judging if one should engage a real estate broker.
Getting the right tenants and negotiating the terms and conditions with tenants is like half the battle won. But you should not forget to sign the agreement and register the lease documents.
With further reduction in policy rates we can expect further rate cut for home loans for bank in coming months.
One must begin with selecting right location and right asset. There is a need to conduct due diligence and financial analysis in the process. Stay focused on your goals and have an exit plan in place.
Reserve Bank of India has increased the foreign remittances limit up to USD 2.5 lakh per financial year per person. This opens up many opportunities for Indians. Buying a property overseas is a good idea, however one must conduct due diligence.
6 crore housing units for rural and urban housing by 2022 is a positive move.
Renting a property is a full time task which requires both time and management. If you are planning to let the property, you should always keep few things in mind to earn good rent and safeguard your interest in property.
Ready to occupy residential properties eliminate risks associated with project execution. It brings in benefits such as tax benefits on repayment of loans raised to fund such property, scope for price appreciation as well as some savings in the form of rents earned.
In 2015, overall property markets are expected to continue edge further into recovery. There are several factors that can be considered as key drivers for the sector in 2015, such as easing pressure of downside risks for rupee and current account deficit, improving export.
The regulatory system should be framed in such a way that it ensures the best interest of the investor, the market and the economy, while also making the instrument attractive in terms of greater yield and less risk to entice domestic and foreign investors.
Given the fact that REITs are an efficient way of raising capital and provide an easy exit route to investors, they can be well accepted by investors if provide better return than other asset class.