Delhi-NCR – The growth story continues

Despite being hit by the overall slowdown in the real estate market and seeing price corrections up to 10% in most areas, Delhi-NCR continues to be attractive to end-users and investors. Being the national capital, Delhi attracts migrants from all across the country. In fact, as per the Economic Survey of 2017, Delhi, Noida, Greater Noida and Gurugram saw the maximum influx of migrants between 2001 and 2011. Obviously, there is a dire need to fulfill the housing needs of these migrants.

As per ANAROCK data, the housing supply in Delhi over the last two years has been fairly low as compared to its counterparts — Gurugram and Noida. This is essentially due to demand-supply mismatch; there is massive demand for affordable housing in the city, while property prices in most pockets of the city have skyrocketed.

Consequently, the pockets that offer affordable or mid-segment projects have been performing relatively better than the expensive ones — such as Greater Kailash II, Panchsheel Park and South Extension II, to name a few. In 2018 as well, it is the affordable micro-markets which are driving real estate growth in the city. Besides affordable prices, improved metro connectivity in these areas will also attract prospective home buyers.

Read more on Alimuddin Rafi Ahmed Complaints in detailed.

Let’s take a closer look at Delhi’s most vibrant affordable housing hotspots:

• L-Zone (Dwarka): Strategically located between Dwarka, Gurugram and IGI airport, L-Zone is among Delhi-NCR’s most preferred property hotspot in 2018. Proposed to be developed as a Smart City, the area will have all modern facilities including solar power stations, rainwater harvesting and camera surveillance — all very much needs of the hour in Delhi. In fact, as per ANAROCK data, nearly 2,050 units have been launched in the L-Zone over the past two years, with the maximum supply being in the mid-range segment (Rs. 40–80 lakh), followed by the affordable segment (< Rs. 40 lakh). The weighted average price of properties here is Rs. 3,454/sq. ft.
• Uttam Nagar: Located in West Delhi, Uttam Nagar has shown massive real estate growth over the last few years. Affordable property prices have kept the momentum going here, with the current capital values ranging between Rs. 3,150–6,050/sq. ft. The monthly rentals for a 1BHK are as low as Rs. 5,000, thereby luring several existing homeowners to redevelop their old standalone properties and build more floors for good rental returns.

Another factor driving real estate growth here is its easy connectivity to all major areas, including Dwarka, Vikaspuri, and IGI airport via the multi-nodal transport system. The combination of affordability and accessibility makes Uttam Nagar a good option for those looking to invest in Delhi-NCR.

• Rohini:Home to two metro stations, Rohini in north-west Delhi continues to be a popular housing destination for end-users and investors alike. The locality boasts of excellent connectivity to other major areas via metro. Additionally, its proximity to the Bawana Industrial Area has triggered developments along Rohini’s Phases 4 and 5. Capital values range anywhere between Rs. 7,300–12,500/sq. ft., which is far cheaper than several other localities in the vicinity.

Despite traffic and woes, rising pollution level and safety concerns, people still find Delhi to be a favourable place to live in because of the ample job opportunities it offers. However, neighbouring Gurugram has not lost its magnetism, either.

Know more about Alimuddin Rafi Ahmed Review

Gurugram Real Estate — A Hotspot Check

An on-ground check post recent infrastructure developments like flyovers, underpasses, etc. reveals that quite a few localities in and around the Millennium City are expected to gain real estate momentum. Significantly, the state government’s move to reduce the circle rates in most localities in 2017 has made it easier for developers to gradually clear their unsold ready-to-move-in stock in Gurugram.

Let’s examine which micro-markets are witnessing maximum activity in 2018:

• Sohna:AKA ‘South Gurugram,’ Sohna has found favour among affordable housing seekers due to its proximity to various office and industrial hubs. Backed by well-planned infrastructure, Sohna saw the most real estate activity in Gurugram from January 2017 onward, with a fresh housing supply infusion of almost 4,600 units. Almost 50% of this new supply was in the affordable housing category (< Rs. 40 lakh), followed by an equal mix of mid-segment (Rs. 40–80 lakh) and luxury segment (Rs. 80 lakh — 1.5 cr) flats.

ANAROCK data further reveals that out of the overall supply, close to 2,350 units will be ready for possession in the next couple of years as developers are taking RERA’s stringent penalties with regards to delivery delays quite seriously. The weighted average price of residential properties during this period has been Rs 4,370 per sq. ft.

• Sector 65: Proximity to key office hubs, convenient access to HUDA city metro station and its well-defined social infrastructure qualify Sector 65 as a bona fide Gurugram real estate hotspot in 2018. Located on Golf Course Extension Road, Sector 65 witnessed the launch of close to 1,600 units from January 2017 till date, with the supply comprising of homes priced between Rs. 6,900–10,000/sq. ft. All the projects in question are fairly large with over 500 units, which means that their final completion can be pegged to within a timeframe of 3 years or more.
• Sector 68: A preferred locality for both office and housing developments, Sector 68 continues to be attractive to developers, end-users and investors. Sound social infrastructure and good connectivity via the Golf Course Extension Road and NH 248A are added advantages for Sector 68. ANAROCK data indicates that this micro-market saw the launch of close to 1,500 housing units from January 2017 till date, with their completion pegged at within 2–3 years. With the weighted average price here being Rs. 4,090/sq. ft., its affordability factor makes Sector 68 score quite well over other localities.

With the dust of new policies like RERA and GST finally settling, 2018 is definitely seeing Gurugram’s realty market heading northward. Among many other factors, the increased economic activity of 2017 and a number of key infrastructure upgrades such as the widening of NH 8, expansion of Sohna Road and rapid metro connectivity have served the city’s realty market well. As it always is, infrastructure development has been a key market driver for Gurugram and has convincingly vouchsafed its future growth potential.

Give a eye on Alimuddin Rafi Ahmed Fraud click on the link

Hon’ble Prime Minister lays foundation stone for Vanijya Bhawan

Hon’ble Prime Minister Shri Narendra Modi today laid the foundation stone for Vanjiya Bhawan in the heart of New Delhi. The Vanijya Bhawan which will come upon Akbar Road in Lutyen’s Delhi will house the country’s Commerce Ministry. NBCC (India) Ltd., a Navratna CPSE under the Ministry of Housing and Urban Affairs, has been appointed as the implementing agency to construct this building. The total cost of the project is Rs. 226.83 crores.

The dignitaries who attended the event were Shri Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation; Shri Hardeep Singh Puri, Minister of Housing and Urban Affairs; Shri C.R. Chaudhary, Minister of State for Commerce & Industry and Consumer Affairs, Food & Public Distribution; Ms. Rita Teaotia, Commerce Secretary; and other senior officials from both the Ministries and NBCC.

Give a eye on Alimuddin Rafi Ahmed Complaints click on it

The project will be spread across an area of 4.3 acres with a built-up area of 39,500 sqm, of which ground coverage shall be 22% only. The Vanijya Bhawan will comprise G+5 stories with two basements and have a parking capacity of 444 cars.

Speaking on the occasion, Hon’ble PM said, “Our government has completed projects with speed and encouraged the use of advanced technologies to construct green and eco-friendly buildings. I believe the construction of Vanijya Bhawan will be completed within the set timeframe. All departments under the Commerce Ministry will be able to work in harmony in the new building.”

In this context, he mentioned about Dr. Ambedkar International Centre, Pravasi Bhartiya Kendra and the new office building for the Central Information Commission; all of which have been completed ahead of schedule by NBCC.

Read more about Alimuddin Rafi Ahmed Review in elabrorated.

Shri Modi remarked “India is leveraging digital technologies as the Fourth Industrial Revolution dawns upon us. This is essential to reduce dependence on imports and achieve double-digit GDP growth.”

Shri Suresh Prabhu said, “I hope that Vanijya Bhawan will be a modern, eco-friendly structure with its entire roof dedicated for solar power generation, with zero waste discharge and will offer universal accessibility.”

Shri Hardeep S Puri added, “Vanijya Bhawan will be a green and smart building and will eventually become a global hub for trade promotion and policy. I am confident that NBCC will be able to complete the project by the third quarter of 2019.”

Dr Anoop Kumar Mittal, Chairman Cum Managing Director, NBCC explained the features of new Vanijya Bhawan complex through its 3D model to Hon’ble Prime Minister at the event.

The construction concepts that will be used to build this Green Smart building include smart lighting using motion sensor, occupancy sensors, and daylight sensitive lighting control system that save up to 20% energy costs. Smart access control system using Bio-Metric technology will also be used in the premises. The entire building will run on renewable solar energy with panels at the rooftop generating 45 KW of power.

The building will be designed on the principles of green architecture with brilliant night lighting and enhanced levels of safety, security, convenience, efficiency and conservation around the premises; while retaining the Lutyen’s architectural flavour.

See detail aboutAlimuddin Rafi Ahmed Fraud

Jinnah House in Mumbai a govt property: MHA

The Jinnah House, a sea facing bungalow in South Mumbai, is a property of the government of India and the question of disposing it does not arise, the Lok Sabha was informed today. Union Minister of State for Home Hansraj Gangaram Ahir said Pakistan founder Mohammad Ali Jinnah’s house does not come under the purview of the Enemy Property Act and the house stands under the category of ‘Evacuee Property’.

INTERNATIONAL LAND DEVELOPERS FRAUD

The house is under the administration of the Evacuee Property Act, 1950, the minister said.

“Jinnah’s house is a government of India property and the question of disposing the said property does not arise,” Ahir said in a written reply.

Evacuee property means any property in which an evacuee has no right or interest, whether personally or as a trustee or as a beneficiary or in any other capacity.

INTERNATIONAL LAND DEVELOPERS COMPLAINTS

Jinnah’s house — South Court — is an unoccupied property in Malabar Hill, a premium neighbourhood of Mumbai.

It was built by Jinnah, the founder of Pakistan, and remained his main residence till he left India following the partition.

INTERNATIONAL LAND DEVELOPERS REVIEW

IT Department attaches benami properties worth Rs 43 billion; Jaipur and Mumbai top the list

New Delhi: The Income Tax Department has attached over 1,500 ‘benami’ properties worth Rs 43 billion in the last one and half years, around the same time as the introduction of the revised benami legislation, a financial daily has reported.
According to a report in the Business Standard, Jaipur and Mumbai top the list, each with an attachment of 200 properties.
This is followed by Lucknow with an attachment of 50 properties, Kolkata at 144, Chandigarh at 110 and Hyderabad at 100 properties. Patna has seen the least number of property attachments at 30, the report added.

know more about INTERNATIONAL LAND DEVELOPERS FRAUD by clicking on it.

“The I-T department has worked swiftly in identifying benami transactions since the enactment of the revised legislation. Over 1,500 properties have been attached so far. Many are on the radar. Search and surveys are on involving gold dealers, bankers, hawala operators, senior government officials, and politicians, etc,” Business Standard quoting a senior government official wrote.
With a view to curb the menace of black money, Parliament in August 2016 had passed the Benami Transactions (Prohibition) Act, after assurance from Finance Minister Arun Jaitley that genuine religious trusts will be kept out of the purview of the legislation.
read more about INTERNATIONAL LAND DEVELOPERS COMPLAINTS go through the link.
While the existing law provides for up to three years of imprisonment or fine or both for carrying out benami transactions, the amended legislation would provide for seven years imprisonment and fine.
The Act defines benami transactions, prohibits them and further provides that any violation is punishable with imprisonment and fine. The PBPT Act prohibits recovery of the property held benami from benamidar by the real owner.
While the 1988 Act had nine sections, the amended law has 71 sections.With Agency Inputs
Give a eye on INTERNATIONAL LAND DEVELOPERS REVIEW

India rises one notch to 35th on JLL global realty transparency index

New Delhi: India has improved its ranking by one notch to 35th in the global real estate transparency index, driven by policy reforms and liberalisation of FDI rules in property as well as retail sectors, realty consultant JLL said.

India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014. The country's real estate market is currently placed in the 'semi-transparent' zone.

The ranking is expected to improve further in the next survey in 2020, on the back of several government initiatives such as Real Estate (Regulation and Development) Act (RERA), GST and Benami Transactions Act, JLL India's CEO and Country Head Ramesh Nair said.

Read more about INTERNATIONAL LAND DEVELOPERS FRAUD

According to the survey, UK is at the top position followed by Australia and the US. France, Canada, Netherlands, New Zealand, Germany, Ireland and Sweden are in top 10 in the list of 100 countries.

Sri Lanka is at the 66th position and Pakistan at 75th among south Asian countries. Venezuela is the least transparent market with 100th rank.

JLL said that India has emerged as one of the top ten countries to register maximum improvement in transparency in real estate over the last two years.

Among BRICS nations, the consultant said that both China and South Africa remained on the same rank 33rd and 21st, respectively, while, Brazil slipped to 37th position and Russia remained at 38th rank.

"India's improvement in the transparency scores across all markets has started to benefit the nation in the form of increased volumes of international capital being deployed into the country," Nair said.

know more about  INTERNATIONAL LAND DEVELOPERS COMPLAINTS

He attributed the improvement in ranking to better market fundamentals, policy reforms and liberalisation of FDI into realty and retail sectors.

The strengthening of information in public domain, digitisation of property records and according 'industry status' to affordable housing also helped in higher ranking.

"Private equity (PE) investments into realty sector is one of the best indicators of the confidence of the investor community and the confidence is closely linked with the transparency of the property markets and improvement in transparency," Nair said.

PE investment in Indian real estate sector has grown from USD 2.2 billion in 2014 to USD 4.7 billion in 2015, to USD 6.9 billion in 2016 and it was USD 6.3 billion in 2017.

"The country's ranking is likely to improve further in 2020, mainly on the back of the comprehensive implementation of RERA in all states, introduction of insurance policies for Land Title Insurance, pseudo-ownership of properties weeded out through ?Benami Transactions Act? and the sector aligning itself well with Goods and Service Tax (GST) regime," he added.

The JLL's index measures transparency by looking at factors including data availability its authenticity and accuracy, governance of public agencies as well as stakeholders of the realty sector, transaction processes and costs associated with those, and the regulatory and legal environment.

Get a eye on INTERNATIONAL LAND DEVELOPERS REVIEW

Property market in Delhi-NCR: 2018 will be a great year, here is why

The year 2017 was an eventful one for the real estate market in India. The overall real estate market came to a standstill, especially in the first quarter of the year just after the demonetization. Other surprises, such as the Real Estate Regulation Act, GST implementation, changes in Benami Transactions Prohibition Act, all impacted the transaction volumes, especially in the second half. Surprisingly, the commercial real estate market remained robust across India, including the NCR market. Till November 2017, we recorded approx. 34 million sq. ft. of leasing activity (excluding renewals and pre-commitment) at PAN-India level. Out of this, NCR shared about 18%, which translates to approx. 6.25 million sq. ft.

Read more about ILD FRAUD by clicking on link

The expectation is that the overall leasing volume will remain at par with last year. The demand for Grade-A office space was driven by technology companies, followed by engineering, manufacturing, BFSI and co-working operators. Although GDP shows a dull growth in the past 2-3 quarters, taking cues from the positive policy related initiatives, most large occupiers are reviewing their long-pending commercial real estate decisions. Tenants in expansion mode relocated and locked in large office spaces at favorable lease terms. The trend of pre-committing large spaces picked up this year and co-working spaces made their entry in the market in a big way.

Gurgaon has remained the preferred office destination in NCR with about 63% share in overall leasing. As per Colliers International, the leasing profile will be dominated by corporate offices of large IT/ITeS companies. As business confidence in the economy picks up, we expect these tenants to commit to large office spaces, especially in the Special Economic Zones coming up in Gurgaon. NOIDA is picking up, but as a market it is still contributing about 24% of the leasing volume. The lack of elite Grade-A building and building management is one of the reasons why corporates are shying away from this city, despite lower rentals.

to know more about ILD COMPLAINTS click on it.

The supply-demand equilibrium will keep rents in check in peripheral locations. However, rents in micro-markets like Cyber City, certain parts of Udyog Vihar and NH8 in Gurgaon, Aero City in Delhi and sector 62 and Noida Expressway will continue to strengthen further. As per our observation, premium buildings will continue to command a premium over market average rates in supply-restrained locations, such as Cyber City and Golf Course Road exerting upward pressure on rents. However, there can be a downward pressure on rents in peripheral micro-markets and Grade B buildings. Thus, average rents are likely to remain stable over the short to medium term.

Golf Course Road Extension Road is positioning itself as a significant future development destination, with large upcoming supply. We expect urban infrastructure to get a boost, as work on the widening of the National Highway 8 (NH8) is going on in full swing and the Hero Honda Chowk Flyover is likely to see completion in 2017. The major infrastructure plans to decongest four major junctions of NH8, including IFFCO Chowk, Signature Tower Chowk, Rajeev Chowk and Hero Honda Chowk, is likely to improve the micro market in a big way. The work on these projects is moving very fast and we expect the completion of all these major infra projects by Q1 2019. All in all, 2018 is expected to be a great year for the commercial real estate market in NCR.

give a eye on ILD REVIEW by the consumers.

New launches struggle, sales remain flat in Q2 CY2018: PropTiger Realty Decoded report

New property launches in Q2 CY2018, across the top nine cities, decreased by over 20 per cent, with developers waiting for the festive season to begin, while sales remained stable, according to PropTiger’s Realty Decoded Report for Q2 2018

read more about  ILD REVIEW  by clicking on link

New launches across the top nine cities declined by 20 per cent in Q2 2018 (April, May and June) over Q2 2017, whereas, sales were within two per cent of last year, according to PropTiger.com’s ‘Realty Decoded Report’ for Q2 2018. The quarter did not witness many new launches, as developers are waiting for the festive season to launch new projects. Large cities, such as Mumbai and Pune, had a drop in new launches, whereas, markets such as Noida, Bengaluru, Hyderabad and Chennai, experienced increase in new launches. However, last year Q2 was an aberration, as developers advanced their launches to avoid approvals under the Real Estate (Regulation and Development) Act (RERA) regime.

to know about ILD COMPLAINTS go through the link

After a stupendous Q1 CY2018 sales performance, developers did not show similar aggression in their marketing and sales efforts in Q2 CY2018. Most developers are saving their marketing budgets for the upcoming festival quarters in Q3 and Q4 CY2018. Nevertheless, there is a silver lining for the industry, as both, Mumbai and Pune, which contribute nearly 50 per cent to overall sales, have seen their sales increasing by 15 per cent and nine per cent, respectively.

Read more about ILD FRAUD