Author: Hrishi Kumar

Off late, the real estate sector of India has been much in limelight due to the floating negative sentiments caused by delay in possession of projects, coupled with sky rocketing prices especially in Tier 1 regions of the country. These reasons have dented the housing demand and is causing drastic fall in the interest of potential customers along with heavy inventory pile up for the developers. Being a case of land, big depreciation is pretty much off the cards and hence, can prices come down becomes the question. But in order to keep the market and sentiments stable, developers need…

In a country like India, purchasing of a property is never an overnight decision and is usually witnessed once or twice in most people’s lifetime. Due to our cultural upbringing, we tend to involve our primary and secondary circles into the buying decision. For most, purchasing of a property involves spending of entire life’s savings and thus it has to be properly chalked out. Once a property is being bought; an even more tedious task is on the way; relocation of the residence. The thought and process of relocation begins from the date of earning the possession of the purchased…

After a drought of nearly seven years, the much awaited KMP Expressway was recently given a green signal by our Honourable Union Minister of Road Transport, Highways and Shipping, Mr. Nitin Gadkari. Out of the much delayed 135.6 Kms long Kundli-Manesar-Palwal (KMP) stretch, the first phase from Palwal-Manesar, which is 52.3 Kms in length, has been inaugurated. The other phase of 83.3 Kms (Kundli-Manesar) is likely to be completed in the next one year. With the first phase ready for traffic use, National Highway 2 (NH 2) is now connected to National Highway 8 (NH 8). An elevated corridor on…

In what could come out as a setback for the buyers at Noida, Greater Noida and Yamuna Expressway regions, the flats are all set to cost more which will come down as a burden on customers’ pockets. The amendment for increasing the stamp duty on registration of units from 5 percent to 7 percent had received a nod from the Governor recently and this will get into effect from the beginning of the new financial year, i.e. 1st April, 2016. “Depending upon the size and purchase of the units, we are predicting an increased burden of about Rs. 50,000 –…

Over the past one year, the current government had made several path breaking announcements and brought in a series of reforms that guarantees to take Indian real estate sector to the forefront. The decision for next level infrastructure through Smart Cities and AMRUT will allow private real estate to contribute in a big manner. Housing for all by 2022 is another initiative that will open the gates for huge demand in the realty sector of India. In the last few weeks, we had a balanced Union Budget speech that focused firmly on affordable housing reforms with RERA’s passage in both…

In what could finally turn out to become a reality for the existing and future home buyers of India, the upper house of the parliament today has given a green signal to the much awaited Real Estate Regulatory Authority bill. The stage is now all set with the ball in Lok Sabha’s court to put a final stamp on the bill. With a few important changes made in the amendments, the Rajya Sabha has passed the bill with Lok Sabha to give it a final go ahead. This news is itself extremely important for all; buyers, developers and the realty…

Each year on 8th of March the entire globe celebrates women’s economic, political and social achievements by celebrating International Women’s Day. India has been a country that has witnessed male dominance and it has taken decades of hardwork and efforts for women to stand shoulder-to-shoulder with the opposite sex. One of the prime contributing sectors towards Indian GDP and employment generation, the real estate sector has a mammoth database of employing women workforce, which brings with it more professionalism, sophistication, charm and on top of it, gender equality in a country like India. In our country’s realty sector, women are…

Noida : After a series of meritorious projects and quality delivery, NCR’s realty major Antriksh India has launched an incredible residential project by the name of Antriksh Grand View, which is being developed at Sector 150, Noida Expressway. After an enthralling reception which they received for their previous project Antriksh Golf View in Noida Sector 78, this project is sure to raise the expectations of the customers basis their quality of delivery. The project will offer 4 BHK luxury apartments in two unit plans 1860 sq. ft. and 2250 sq. ft. The project is being developed in an area of…

The much anticipated Union Budget 2016-17 has been finally announced but has failed to meet the key expectations of the Real Estate Sector, barring the affordable housing segment. Hopes were very high as this was supposed to be the current government’s second extensive Budget along with mega announcements already made for Smart Cities, AMRUT and infra revamp across the nation. We have all been a witness to the contribution of the private sector towards the growth of the Indian real estate sector and thus, a much practical wishlist was formed and repeatedly brought forth to the Ministry of Finance and…

The much awaited Budget Session 2016-17 is finally underway with lot of hopes from the Government to bring in the much needed relief for the country. The tricky trade-off for the Finance Ministry to balance the funds flow will be tested to the core; this time especially due to mammoth plans being already laid. Real estate, which is dependent on over 30 allied industries and sectors, is hopeful for a silver lining. But with the clouds of political disturbances in the country looming, scope of any direct benefit to this sector are becoming null. Passage of Land Bill in this…