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A Progressive effort

The draft Bill is more buyer friendly and should boost their confidence to invest, says Anil Pharande The Real Estate Regulatory Bill has been waiting for a long time to be passed as a law. Though several recommendations by various bodies were incorporated into the draft Bill and approved by the cabinet, it has still not been passed as an enforceable law by the Parliament. The changes which have been made i ...

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Top 10 Affordable Cities

The governments’ initiative to provide 'Housing for All by 2022' is being pursued laboriously. The motive is to provide affordable homes within the price budget of up to Rs 25 lakh. Here are 10 cities that offer lower-budget real estate investment prospects over mid-to-long term. Hyderabad: The IT/ITeS industry has given impetus to the real estate consumer trend. It is perhaps one of the most affordable cit ...

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Mumbai Residential Pricing Trends: 2015 vs. 2016

It is always darkest before dawn, and this holds true for the Mumbai property market. 2015 started with a lot of hope, but the year did not play out as anticipated. The city’s residential realty market performed way below expectations, partly because of pricing. As per records, the unsold inventory in the Mumbai Metropolitan Region (MMR) stands at a massive 77,000 apartments; it will take almost 11-14 quart ...

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Road to recovery

There are some clauses that need to be looked at when buying distressed properties, says ANUJ PURI   Distressed properties are those where the owner has taken a loan against property to acquire the asset and been unable to service his debt obligations. Due to the owner’s falling behind on the EMI payments for 4-5 consecutive cycles, the property has been seized by the bank as collateral, and will be so ...

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Gaining traction

Technology breakthroughs and fewer workers are pushing the demand for prefab, says PHIL BERNSTEIN Imagine a 57-story tower built in just 19 days. And BSB (broad sustainable building) isn’t the only one with this type of plan for the future of construction. Prefabrication is growing up, reaching a new level of maturity that is now going to define new categories of building. There’s a huge rush to prefabricat ...

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Standing tall

A developer’s reputation matters while buying a home. BY ARVIND JAIN India’s economy is once again on a sure footing, and people across the country are now confident about buying homes. Purchasing a home is, of course, a huge investment, and yet, things can and often do go wrong. One of the most common mistakes that many buyers of property commit is doing business with developers who lack established creden ...

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Cleared for take-off

The approval for Navi Mumbai’s airport will see real estate inventory ease in the short term. BY RAMESH NAIR   Navi Mumbai’s proposed international airport has finally got the last pending approval – CIDCO has handed over 250 hectares of land in lieu of 108 acres of mangroves that will be taken over for the project. Narendra Modi’s new governance programme Pragati (Proactive governance and timely imple ...

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Convenient homes

Buyers are looking for homes that have all the convenience at hand. BY RUTU MODY-KAMDAR   Most professionals in their busy schedules strive to pursue the simplest of passions like reading a good book or cooking up a barbeque or spend with themselves and their loved ones. All this and more is kept on a back burner while making a career. For such an audience, infrastructure needed to make their wishes a ...

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Gathering momentum

The green movement in real estate has cast its net to every part of habitat. BY RAJAT MALHOTRA   Environmentally sustainable real estate is important for India today. Given the demands on infrastructure, energy, potable water and waste handling and disposal, the real estate sector has little option, but to go green. Given that low-cost housing is bound to see a huge growth in the next two decades and m ...

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In search of roots

NRIs need to understand how property exhibitions work before settling on a property BY ASHWINDER RAJ SINGH Exhibitions are a time-tested medium for bringing target audiences together with products. To draw attention to such events and to differentiate them from the regular market-place, schemes are often employed. Real estate sees a massive number of exhibitions each year, and the reason is not hard to arri ...

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