Real Estate Forum on Real estate News for Delhi-NCR

Cheers to Delhi NCR!!!

I heard majority of the launches took place on the Dwarka Expressway and 50 percent of the upcoming supply in the NCR market is expected to be ready for possession by 2013. As per my knowledge it is good time for investing in Delhi residential properties and NCR’s market still remains one of the most stable markets in India.

Chennai, Bangalore, Kolkata and Hyderabad are also good for residential market. I have read an article in CommonFloor that Real estate in Southern India on peak. According to the article, the prominent cities like Bangalore, Hyderabad, Chennai and other parts are in great demand for real estate due to their improving transparency and visibility of the real estate markets.

Hello Prakhar.. It was expected to be tabled in the present session of the Parliament. But the sources are expecting it to be tabled in the monsoon session.

Hi Ankush, the cost of lands in India are becoming more expensive because of the several unlisted local real estate builders.

In Mumbai, the rate of sales has slowed down. What's the reason?

Yes Manoj, the rate of sale of the properties in Mumbai are slow compared to other cities. The high cost of land coupled with rising construction cost has skewed the pricing of the projects in Mumbai.

For which project you are talking about?

According to analysts, by the next 3 years, almost 96,000 flats will be ready to occupy in NCR.

Anand Rathi & Knight Frank has planned to raise Rs 500 crore funds for the real estate market in India.

Hi Devakumar, DMRC will construct the Moolampilly-Chathanad four-lane road.

Is affordable housing a first step towards slum free Delhi. ‘Rajiv Awas Yojana’ (RAY) is expected to cover about 250 cities, across the entire country by the end of the 12th Plan (2017). According to source, for undertaking preparatory activities Rs.99.98 crore has been released to 34 states / UTs.

The Delhi government has planned to prioritise the affordable home construction in delhi.

I read in an article recently that a project is coming up in South Delhi by the National Buildings Construction Corporation.

What project is it? And what is the estimated cost for it?

The central government has proposed the draft of the real estate regulatory bill.

From when it will be implemented?

Several reports are coming up saying that the construction of the games village was not done according to the quality.

The income tax department always tracks any larger transaction of funds.

A new project taken by the supreme infra in Delhi for construction of affordable houses.

Hello guys, I just came to know that the sale of auction brochures has been started from 16th April itself and will be available till 21st May. And the cost of each application is Rs.1050 plus VAT. Have anybody applied?

Jeet, do you know that the applicants must not own any residential flat or plot in Delhi in their own name or that of spouse or children's name.

Probably, a collection of Rs.300 crore extra each year would be seen.

The Forum has also asked a reduction in the VAT rate of work contracts by builders in order to make purchase of houses and flats more affordable.

The committee will be headed by the former head of the Competition Commission of India. His main responsibility will be to set up a systematic way through which any developer will get the clearance much faster.

It was a long term demand from the builders association to make the approval process easier and faster. Hope now it will be sorted out.

With this decision the commercial banks will reduce the rate of interest for home loans.

What if home loans interest rates are reduced?

Yes glad to share with you that Assotech Realty is launching mixed development in Delhi-NCR.

The real estate developer Assotech Realty announced to launch “Assotech Business Cresterra" a mixed-used projects.

Orris township project is the upcoming project in Yamuna Expressway region. They have planned to invest 7 Billion on this township.

Yes the BSE Sensex resumed downward journey again on Wednesday after taking a rest yesterday. The index opened with nearly 150 points gap down due to concerns in peripheral EU and modest US data, but it showed somewhat recovery.

The BSE Sensex fell by 1.4 per cent. Experts expect that companies will face a loss in revenue and profits.

Hi Andrew, Ecnon is investing the amount on developing 3 projects- one housing project and office complex in Noida and another office complex in South Delhi.

Do you have any updates about the housing project it has planned?

Hi Mukesh the sales of real estate properties in Gautam Budh Nagar is high compared to other areas. Regions like Noida, Greater Noida and Yamuna Expressway are most attractive for home buyers.

There is always water crisis at DDA flats. The residents have lodged several complaints but unfortunately till date there has been no improvements in water supply.

Mahesh, different private equity firms are aiming to finance the real estate sector in India. So it is expected to see some good movement in the real estate sector in India.

Competition Commission of India have planned to do some amendment in the contractual clauses for the betterment of the home buyers

Hello... read this article to know more on this topic- Rise in cost of apartments in India is higher since 2001.

Hi Suneet, the cost of properties are increasing not only in India but also throughout the world. However the highest increment in cost happened in India only.

Read this article to know more about the Impact of Budget on Indian realty market.

Ashish, I think the budget is not much beneficial for the real estate sector. Only the affordable housing project will get some relief from the fund crunch.

Unplanned construction work for multi storied apartments is one of the main reason for any building disaster. Another cause for building collapse is found as the foundations were not adequate to support the height of the buildings.

The growth rate of Indian market is reported a slow trend. that is the reason the investors are little worried to invest in Indian market. Though there are few investors who already raised funds are planning to initiate the investment procedure.

Privated equity firms cover a wide range of investment options. The entry for the PE to Indian market is hurdle-free and the returns are quickly obtained.

The companies are planning to sell their non core assets to pay the debt amount

The entire real estate sector is expecting some announcement which will enhance the marker scenario. Like reduction in interest in Home loan etc.

The real estate sector is waiting for the announcement of the Budget. As the sector is struggling a lot in terms of revenue generation, it is looking for government initiative to enhance the market scenario. You can follow Realty developers hoping for reduction in home loan interest to know more about the expectation of the sector

The owners definitely get their respective apartments. However the builders must settle all the concerns related to those apartments before handing over them to the owners

Yes, as the Delhi High Court has ordered the agency to hand over the apartments to respective owners, the owners of CWG apartments will obviously get their flats. To get more information you can check 'CWG village apartment owner have to wait'

To enhance the clarity about project information and the trust worthiness of the builders, the government has planned to introduce a bill. The bill will be imposed to regulate the real estate industry.

The President of India asked the government to prepare the regulatory bill for the realty industry. You will find more details about the proposal in Government to introduce realty sector regulatory bill. This bill will assure the clarity and trust in the industry

Every business wants secure market for better opportunity and scope. However when the market become saturate then builders suffer for getting new market opportunity. That is why builders should diversify the developing market.

The surrounding area of the NCR is a good place for investment. As the place will see the growth in next 5 to 10 years. Hence the investment made now will give a good return after couple of years.

As the rate of return is more in Real Estate, The private equity firms are more interested to invest into real estate.

As we all know that the real estate industry is running at low pace. The debt is rising high for this industry. The cash inflow is reduces as the buyers are not showing their interest to invest. As well as the industry is not getting adequate foreign investment. That is why the real estate industry is expecting some helpful decision in the budget which will rise the interest of buying apartments.