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Pune: A look at the green initiatives in real estate sector
The Oxford of the East is slowly making its mark with its real estate developing along eco-friendly norms in construction
During a recent visit to the city, Nobel Laureate Dr Rajendra Pachauri, Director, TERI informed his audience that Pune and Pimpri Chinchwad have as many as 20 buildings that have followed Griha or Green rating for Integrated Assessment norms in the construction process. Earlier, the Magarpatta City drew much interest as farmers pooled in their land resources for a township that was equipped with modern infrastructure, without compromising on the envi.. -
Interesting times to buy a house
Calculate right, gamble a bit and you may just be making that great move by buying a house now
Inflation is high, interest rates are higher so a house purchase isn’t exactly on your mind. Maybe it should be.
Consider the scenario from across the table. The developers take loans too, so their stress is higher. Then there are those whose came in for limited projects on build, sell and move on. Slow sales can create havoc for these ‘quick fix’ projects. They maybe reliable, offer quality construction too, but they just can’t ho.. -
Real Estate Investments for Tax Saving
Tax Advisors suggest “Do your tax planning at the beginning of the year”, and it means the Financial Year and not Calendar Year!
Parties done, handfuls of til-gul and gajak distributed and it’s time to gradually open your eyes to the face Damocles’ sword in the form of tax saving measures. Out come the various insurance proposal forms, calculators and what have you, from every reachable corner. Take a deep breath (or clap your hands) to relieve stress, for the home loan and various payments towards acquiring your home are standing by, precisely f.. -
The NRI's piece of the homeland
What is it that really attracts the Non-Resident Indian (NRI) to invest in the Indian Real Estate market – an emotional attachment, security or plan simple money matters. For those who survive on good guessing through multiple choice tests (who doesn’t?) the correct answer is ‘All of the above’. So how does it work for those interested in simply investing?
While NRI investment in any area has always meant a facelift in the offing, especially in residential projects, the commercial property sector attracts those who are looking for higher returns. And if t.. -
Finding its equilibrium: Will real estate prices correct in 2012
It’s been a while that this topic keeps coming up for discussion. We thought now is a good time to put in our bit to weigh out trends.
It happened in 2011
The economies of the world are in frenzy of activity, not seen in several decades. Look US, Libya, Egypt or Europe, in house turmoil had a cascading effect across the globe. Post the sub prime crisis of the United States, countries like India and China seemed like safe havens to invest and book profits. While jobs went through a shaky phase, in US and consequently in the outsource business.. -
What makes for a good place to stay
Eight cities across India were the subject of a market research survey to decide which the best city to live in was. Covering the four metros and the upcoming cities of Pune, Hyderabad, Ahmedabad and Bangalore, the base line was set at urban areas with over 5 million population, as per the 2011 Census. The final scores and results aside, the report has provided each one of us a checklist of parameters to consider when deciding where to stay.
When looking for a home it is common to consider the basics like connectivity, security, open areas and other amenities and facility develo.. -
Stability continues Pune commercial real estate
Manufacturing hub, IT/ITeS base and a location that serves as an overflow container for Mumbai’s overcrowding – Pune is proving its potential for establishing real estate and infrastructural developments. Market experts have made positive observations on the stable demand seen over 2010 through 2011. The city is scoring on its connectivity, cosmopolitan culture, skilled manpower and reasonable real estate pricing.
Office, office
With several IT majors either setting up base in Pune (eg Infosys), or others in an expansion mode, demand f.. -
Realty and Retail FDI
From the “Government opens 51% Foreign Direct Investment in Retail” to “Government puts FDI in Retail in cold storage”, the headlines and news columns buzzed with debates on the multiple issues raised by the move. Ethics, culture assassination, political moves, (where would we be without those!), inflation and whatever else that came to mind with this new ‘foreign invasion’, the words and emotions created a near tsunami in the media. On the side, was the prospect of organization of retail developing through the helping hand of real estate pushing infra.. -
Together and yet individual: Customized home buying
“An apartment designed for my specific needs! C’mon, I am not Warren Buffet yet!” Fact is you don’t have to be Warren Buffet to get a ‘customized’ property be it the layout, payment schedules or even the final price. Developers are increasingly opening up their marketing strategies to keep up with buyer demands.
Layout customized
Property buyers for certain projects can go ahead and ask for changes with the walls of an apartment. While the service doesn’t come free, there’s the major time and cost sa.. -
Real Estate (Regulation & Development) Bill 2011
Anyone who has applied for a home loan is aware of the daunting task of completing documentation – salary, investments, proof of almost your entire existence (or so it seems) and a large bumph of property papers from the builders – it would make anyone less persistent to just drop the whole application process! After all that, there still is the insecurity of fraudulent marketing and other non-compliances, in the final apartment that is handed over to you. It is precisely these problems and the lack of clarity on money transactions within the real estate sector that the recently re.. -
Of Skyscrapers and Walk-to-work
The sky’s the limit (okay, they are marketing real estate on the moon already, but until then) and with rapid urbanization, limited land availability and the need for everyone to be close to the heart of the city, the only way is up. The Indian urban skyline is steadily growing towers, high rises and now Delhi will have its very own skyscraper – a structure over 150m tall. Earlier, in Mumbai the Lodha Group announced it’s ambitious ‘world’s tallest residential tower’ project. Pune is coming up with the ABIL’s ‘God’s Gift’ and th.. -
Real Estate in India : Bubble or Quit?
As Halloween is celebrated across the world, Real Estate in India is playing its own games as far as customer expectations for price correction go. Loan rates go up, accountability is being legally demanded and the optimistic customer holds on to his funds, hoping that the wait will be worthwhile as “prices are bound to crash”. The metros show no such indications, though unsold flats tease the waiting client. Tier II cities like Pune, Hyderabad quickly build and sell because the prices are better controlled and infrastructure developments set the buyers mind at ease. Let’s ta.. -
The Jagrut Grahak: Buying Resale Properties Confidently
The mantra of ‘best buy new’ may not necessarily be the best when it comes to real estate investment. New developments that fit the budget are often located at a distance from work and study places. With the surrounding areas and infrastructure most likely to take time to develop, security and commuting issues are likely to be of concern. In case of purchases made at the construction stage, in today’s market there is the fear of projects getting delayed or worse suspended indefinitely. Also a new building tends to gradually show construction defects like sinking, seepage or w.. -
Retiring with Dignity
If you are over sixty, financially secure, capable of managing an independent life with some assistance, then you are one among around 10 percent of Indians whom developers are paying attention to.
It is festival season and Indians are known for saving for their big buys as a part of the festivities. White goods, jewelry and for many this is the time to move into their dream homes. All this sounds great if you are just picking up in your career or have just earned ..
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Indian real estate tempts NRIs
Winter is the time for NRIs to fly home, meet family and friends and update their investment portfolio. Post last year’s downturn and the current European crisis, the Indian attachment to his “home’ country is expected to only grow stronger.
Sentiments apart, with the kind of return on investment possible, the Real Estate in India is a great draw for the NRI. With domestic demand fluctuating with inflation and interest rates taking their toll, visitors from abroad may expect great deals in the sector that may see a correction of property prices... -
Interest in Interest Rates The Real Estate Dilemma
“Repo rate, reverse repo rate hiked,” declares the morning news. The industry protests and the man on the street despairs as he wonders which dream purchase will have to be delayed, yet again. Primarily this affects the ‘luxury’ and status symbols for Indians – an ownership home or an automobile. For the latter, soaring petrol prices already cause adequate agony.
Behind the scenes, real estate developers are faced with expensive funding adding to the cost of construction. The Reserve Bank of India’s (RBI) repo rate, (the rate at which it lends..
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