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Former JLL India chairman Anuj Puri buys out firm’s residential brokerage business

JLL will continue to provide consulting, advisory, valuation, research, property management, project and development services, and capital markets services for residential developers MUMBAI: Within two months of moving out as India chairman and country head of JLL India, Anuj P...

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Global Residential Investment Destinations In 2017

The global economy is expected to grow by 3.5% in 2018 compared to under 3% in 2016. This encouraging trend suggests more vigorous economic activity, rising incomes and a keener appetite for real estate investments – not only ...

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Is GST Bad News for Homebuyers and Renters?

Monthly installments on home loans taken for under-construction houses will attract GST from July. So will land leasing and rented properties, including the currently-exempt residential housing. The Lower House of India’s Parliament has cleared four bills in preparation of the upcoming rollout ...

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A New Chapter Opens for Indian Luxury Housing

The residential real estate sector in India has had its ups and downs for two years now. Negative news about real estate seem to be all the rage with the media these days. Luxury real estate, in particular, has been getting very bad press of late. Let us take a quick look at what is really happen...

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6 Indian Cities Among the World’s Fastest Growing

India overtakes China as home to the world’s most dynamic cities India is home to six of the world’s 30 most dynamic cities. In JLL’s City Momentum Index (CMI) 2017, the country’s primary IT and technology hub – Bengaluru – sits right at the top...

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Budget 2017: Impact on India’s residential real estate market

Indian realty sector deserves attention, for its health has a direct impact on India's economic health. The recent budget announcements have created a lot of excitement in the sector, largely for the right reasons. It is the most important financial exercise to set the course of India's economy f...

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Real Estate Law: Cracking Down on Dodgy Developers

In recent times, the Indian real estate developer community has been in the news for all the wrong reasons. The good news is that the ‘black sheep’ of this family are being brought to book, simultaneously increasing the contrast between unscrupulous operators and transparent, honest builders who...

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High Times for the Chennai Real Estate Market

2016 was year of many big announcements. From the Smart Cities mission to demonetization, there were several headline-making events that would change the face of Indian real estate in the times to come. Chennai embraced these changes and lived up to its reputation of being a city that bounces back, ...

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Budget 2017-18 Gives A Boost To Affordable Housing

The Budget that was being touted as a make-or-break one for the future of India, and the Government made some big announcements on the infrastructure front and also on beneficial changes to the affordable housing segment. The Budget missed out on giving any additional income tax incentives to fir...

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Declining Home Loan Rates to Kick-start Residential Revival

In the midst of all the demonetization brouhaha, there is reason to celebrate in the real estate sector. The Indian housing markets historically kicked off due to the easy availability of cheap home loans. Today, we see the past revisited, with the possibility of a healthy resurgence in demand drive...

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Real Estate: Taking The ‘Demon’ Out of Demonetisation

Demonetisation – the most-repeated word used by an entire nation in the current times. Since 8th November 2016, the day PM Modi announced this revolutionary step affecting India’s economy, demonetisation has dominated every conversation and been connected with everything wrong happening in our e...

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Real Estate’s Expectations from Union Budget 2017-18

Provide clarity on beneficiaries under Pradhan Mantri Awas Yojana The government recently announced that interest rates of 3% would be applicable on loans of up to Rs. 12 lakh and 4% on loans of up to Rs 9 lakh, under the Pradhan Mantri Awas Yojana ...

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Anuj Puri Moves on from JLL; Ramesh Nair Steps Up to Lead India Business

Key leadership changes in country’s pre-eminent IPC in line with future growth plans   Mumbai  / Singapore, 09 January 2017 – Anuj Puri, Chairman ...

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Guidelines for Cherry-picking Real Estate Investments in 2017

The year 2016 has been an interesting one in more ways than one for real estate markets. A number of initiatives like the passage of the Real Estate Regulatory Bill in March 2016; amendments to REIT guidelines in Budget 2016-17, which exempted levy of dividends distribution tax paid by SPVs to a REI...

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Top Residential Property Investment Hotspots in 2017

The top five hotspots for residential property investment in the country today are Mumbai, Bengaluru, Hyderabad, Ahmedabad and Chennai. These cities are more or less regulars on most hotspots lists, but there is a sound rationale behind their consistent performance year after year. Not only are thes...

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Indian Real Estate: A Review of 2016 and Peering into 2017

As a landmark year for the country - and the real estate industry - draws to a close, it’s time to analyze what happened in 2016 and what to expect in 2017. For the real estate industry, 2016 saw the biggest changes in decades, especially on the policy front. Some of the biggest game-changing poli...

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Apartment sales outdo new units launched in first three quarters 2016

3Q16 saw number of apartments sold pan-India exceed new launches by over 10,000 units The real estate markets in India seem to be aligning themselves to market realities in more ways than one. For the first time after 2008, residential apartments sold across India in the first th...

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Cherry-Picking Investment Opportunities In Indian Real Estate

Indian real estate still offers opportunity for good ROI & some PE funds are cashing on it As different real estate asset classes continue to show differential growth patterns in India, having a clear vision of forth...

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To Keep House Prices In Check, Construct More Roads

The correlation between building road infrastructure and restricting house prices to moderate levels in Indian metros “It is not wealth that built our roads but roads that built our wealth.” This line by former American president John F Kennedy holds true not only for the US but also India. R...

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RBI Monetary Policy – Continued Cautiousness

Contrary to a wider perception that the policy rate will be cut by at least 25 basis points in the latest monetary policy, India’s RBI kept the repo rate unchanged at 6.25%. However, growth outlook for the current fiscal year 2016-17 has been lowered sharply from 7.6% y/y projected earlier to 7....

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CRM Systems Becoming Critical For The Realty Industry

Delays in project completion, deviations from promised master plans as well as amenities and a lack of timely redressal of customer complaints have been some of the major reasons behind the trust deficit that exists between home buyers and developers in India. While this deficit has only widened in ...

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Where Indians Are Investing Today

Traditionally, there has been a high affinity for physical assets such as precious metals, jewelry and real estate among Indians. This trend has been changing quite rapidly over the last decade. The reasons are varied. One important factor playing a role here has been the increased penetration of fi...

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View: Demonetisation’s bearing on Indian real estate

The government's demonetisation move has sent shock-waves through the entire Indian business community, and the real estate sector has definitely been affected as well - though not, perhaps, to the magnitude that market pundits have been predicting. In addition to this, the imminent nation-wide d...

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Demonetisation: Govt move may be a boon for affordable housing

People troubled by demonetisation are eagerly waiting for some tangible benefits. No wonder, Prime Minister Narendra Modi promised cheaper loans while formally launching ‘Housing for All’ in rural areas, a scheme that aims to provide a pucca house to every rural household by 2022. The scheme tar...

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Why property is likely to be cheaper after demonetisation

For many city dwellers, owning a home is always a distant dream. Unaffordable real estate prices compel them to stay in rented properties instead. However, several events and trends taking shape now could soon turn that dream into a reality. The government’s surprise move to clamp down on black...

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5 Pro-consumer Market Trends Redefining India’s Residential Property Sector

In India’s highly dynamic market environment, change and innovation have become essential for the survival of any business. The housing sector, which was in the previous years defined by a remarkable lack of change, has been no exception. The winds of change are causing aspects of this industry th...

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Impact of Demonetization on Residential Real Estate

Most of India’s business environment has been tremendously shaken up by the recent demonetization of the higher currency notes by the Modi government. This is the third demonetization exercise undertaken by the Indian authorities, if we include the one done just before independence in 1946. It is ...

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Where the Indian real estate sector will really take a hit due to demonetisation

There is currently a lot of debate happening on how the government’s demonetisation move will impact the real estate sector. The Nifty Realty Index fell almost 12% on Wednesday, purely on sentiment. While the bellwether indices are hinting at dark days ahead, these fears can at best be called unfo...

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How Realistic Is India’s Smart Cities Mission?

Going by the growth plans envisaged by the current Government, India will need to invest more in its cities to make them more livable. Urbanization is increasing at a rapid pace, and currently about 30-33% of Indians live in cities. This is estimated to reach upwards of 40% by 2030. The urban popula...

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JLL India’s Residential Services Wins Big at the 2016 Asian Real Estate Leadership Awards in Dubai

Awarded for Residential Property Consultant of the Year, Real Estate...

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Reaction To RBI’s Monetary Policy

The policy rates have been reduced by 25 basis points to 6.25%. This rate cut delivery has happened for the second time in the current financial year, although after one round of rate cut in April, the current one is delivered after no change in the June and August pol...

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JLL India & HouseBolo.com Launch Online Home Carnival

E-expo showcases e-auctions, exclusive deals & online bookings of over 90 residential projects across India Delhi, 05 October, 2016 Leading International property consultancy JLL India, in collaboration with ...

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Property eAuctions: The Next Level Of Property Marketing

The word auction evokes images of hyper-expensive fine art being sold for staggering sums to the highest bidders, with the media in frenzied attendance to chronicle the process every step of the way. Real estate auctions, on the other hand, have in the past been associated with distressed properties...

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The Challenge of Tackling Unaffordability in Indian Metros

As all metro cities continue to expand in India, the cost of housing in their matured and well-developed areas also continues to go north. According to the Reserve Bank of India’s (RBI) definition, ticket sizes up to INR 65 lakhs in metros and up to INR 50 lakhs in n...

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Changing Face of Indian Residential Real Estate

The Indian residential real estate market has been going through a churning process for past few years and as mentioned in our age old mythological scriptures, such an amrit-manthan ...

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What Drives The Growth Of Theme-Based Housing?

Growing competition and rising aspiration has led to more sophisticated real estate development in India. With increased globalization, Indian consumers are rapidly being exposed to global standards and desire to live a luxurious life. This is acting as a cue for devel...

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Infrastructure: A Catalyst For Affordable Housing

One of the major initiatives taken by the Modi government is to promote housing for all by 2022. India has a shortage of 18.8 million urban homes for the 12th five-year plan (2012-17) period. This includes housing the economically weaker and lower income groups, an are...

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Impact of New Maharashtra Housing Policy on Residential Markets in Mumbai

The recently-released Maharashtra State Housing Policy proposes redevelopment of buildings in 104 layouts of the state-run Maharashtra Housing & Area Development Authority (MHADA) in Greater Mumbai. A developer will be eligible for an FSI (Floor Space Index) of three for the redevelopment of a p...

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5 Trends That Will Reshape The Indian Real Estate Market

Among the many different factors influencing the way real estate in developed, transacted and used in India,there are five big major emerging trends that have both real-time and  long-term significance: Co-working spaces finding favour wit...

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All About Property Purchase Plans

Developers are offering a variety of payment schemes to attract buyers during the current period when home sales have been slack. It is imperative that based on their individual income bands and liquidity positions (both present and future) they understand what each payment plan entails. The attract...

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What’s In A Project Name? Everything, Say Developers

It is natural to wonder why certain realty projects, such as ‘Worli 1973’, ‘W54’ or ‘Three Sixty West’, are so named. Or why some developers come up with esoteric names ranging from Greek gods to foreign flora for their projects. In fact, the naming of realty projects is an important exe...

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Unstoppable Coimbatore

Traversing the topography of one of India’s strongest emerging realty hotspots Located in the Southern state of Tamil Nadu, Coimbatore is advantageously sandwiched between tourist attractions like Ooty, Kodaikanal and Coorg. T...

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Development Norms For Differently-Abled & Senior Citizens

Do the current construction norms require real estate developers to make specific provisions for the differently-abled, disabled and senior citizens? They do – but as is still the case in many areas of the Indian real estate industry, sufficient implementation lags seriously behind the on-paper re...

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Benami Transactions Bill – Adding A Name To The Face

Last month, the Lok Sabha passed a comprehensive Benami Transactions (Prohibition) Amendment Bill 2015, with the intent of bringing unaccounted money into the system, as well as seizing benami property and prosecuting those indulging in such activities. The three-fold objective – Amending the defi...

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Tracing The Key Trends Of Residential Real Estate

The average unsold inventory since the GFC erupted in 2008, until 2015, stands at 25 months The latest JLL research report ‘Indian real estate: Comprehending the varying speeds of growth’ tracks the journey of different asset classes from 2004 to 2015. The residentia...

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Hyderabad’s Real Estate Sector Resumes

Hyderabad, the state capital and the largest city in the state of Telangana, has a population of about 9.1 million (2011,Census), making it the sixth most populous urban agglomeration in India. The city is a major tourist destination with its ancient monuments, forts a...

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What Drives The Demand For Ready-Possession Homes?

A look at the factors that are influencing the demand for ready-possession homes in mumbai in the current scenario It is no secret that ready-possession projects or projects nearing completion are costlier than under-construction projects. Nevertheless, many buyers are eager to acquire property o...

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A Guide To Creating Wealth With Residential Real Estate Investment

How does an investor make the most of a property investment? We get the experts’ views on the factors and the regions that residential home buyers should consider For any investment in residential property to provide effective returns, the chosen location s...

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What GST Can Do For Real Estate

What GST Can Do For Real Estate The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India’s economic prospects. A single indirect tax, encompassing all goods and services, is surely a welcome change. GST is built into the value-added stru...

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India Improves In JLL’s Ninth Global Real Estate Transparency Index

Tier-1 cities show promise of breaking into GRETI’s ‘transparent’ category in the next (2018) rankings if reforms continue at the current momentum Two-thirds of real estate markets globally have shown progress in levels o...

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Technology: The New Disruptor for Indian Real Estate

Tech is disrupting the transaction life cycles of real estate asset classes in India, and could soon start transforming real estate requirements too First, computers arrived, then the Internet; both revolutionised the world. Even today, IT continues to...

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The ART Of Rational Property Negotiation

 “The potential for strong negotiation increases in the case of an older project with several remnant units not getting sold, or if the builder is in a tough financial situation and needs to liquidate his investment. The bottom line is – before negotiating, do your groundwork about the ...

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Asia Pacific Is Most Improved Region For Real Estate Transparency

Australia takes top spot; India’s tier-I cities move up the rankings Asia Pacific made the greatest progress globally in terms of real estate transparency over the past two years, according to ...

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The BREXIT Effect

Investors will now be in a risk-off mode, meaning more number of investors would either pull out investments or stay put without investing further until clarity emerges. Until today, year 2016 was looking seemingly positive for real estate sector in terms of investment...

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Distressed properties: Hidden opportunity for buyers?

A distressed property is one where the owner has been unable to service his home loan and the bank has seized the property, to sell it off and recover its loan amount. Are such houses a legal minefield, or can a buyer get a good bargain deal? Here’s an analysisA dist...

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Lohegaon / Dhanori: Destination Next For Pune’s Mid- segment Home Buyers

Proximity to the airport, land availability, reducing supply in nearby sub-markets, infrastructure improvements and affordability will trigger new housing supply in the Dhanori region. Lohegaon is a suburb of north-eastern Pune with its chief claim to ...

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Worli Is Mumbai’s New Billionaires’ Playground

Big-ticket home purchases underscore the precinct’s evolution as luxury homes market Worli is the new luxury destination for Mumbai’s ultra-HNIs and celebrities. Mumbai has for long been home to India’s Who’s Who’ with areas like Nepean Sea ...

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Sky Villas: Taking Luxury Living To The Final Level

The luxury segment in the Indian real estate sector is an ever-evolving one. Everything that money can buy is now being made available to buyers who want to live life king size. Sky villas are one of the latest developments on this front. The concept is not new, but borrowed from the more evolved we...

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Buying A Home: Within Municipal Limits Vs. Gram Panchayat Localities

The decision of whether to purchase a home within a city’s municipal limits or in one of the gaothan / gram panchayat localities can be a perplexing one. There is usually a significant cost arbitrage implied in the second option, but it often does come with drawbacks...

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India Emerging As Major Investment Destination For Chinese, Japanese Developers

China’s biggest developer Wanda signed an MoU with Haryana earlier this year; more developers from China and Japan are expected to follow suit Large residential and industrial projects of particular interest ...

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Gujarat Real Estate 2016

The state of Gujarat is one of the most industrialised states in India, with a well-earned reputation of being very investor-friendly. The state has a proven track record for attracting high volumes of investment, becoming the most favoured investment destination in In...

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The Upside of High Residential Inventory

The Upside of High Residential Inventory For the last 3-4 years, residential real estate market has seen sluggish demand, which has caused the unsold inventory levels to go up in some of the key Indian geographies. Mismatch of products in demand and...

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Pune Residential Prices Rose By About 8% In 2015

Pune Residential Prices Rose By About 8% In 2015   Relevant supply saw appreciation over market average; 4-6% price rise expected in 2016 In 2015, Pune beat the average capital value appreciation across key Ind...

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Chennai Residential Prices Rose By More Than 2.2% In 2015

Chennai Residential Prices Rose By More Than 2.2% In 2015 Average city-level price forecasted to rise by about 2% this year Known to be a market driven more by end-user demand than speculative investors, Chen...

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Hyderabad Residential Prices Rose By More Than 5% in 2015

Hyderabad Residential Prices Rose By More Than 5% in 2015   Average city-level price forecast to rise by 4% this year Known to be a market driven by end-user demand, Hyderabad has never seen runaway p...

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India’s Residential Sector Poised For Faster Growth By Q4 2016

India’s Residential Sector Poised For Faster Growth By Q4 2016 India’s residential property market has been going through turbulent times for past few years. However, things are looking up now with changes in the economy and various initiatives announced...

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Great expectations get fulfilled

The luxury home segment in India has evolved in line with the expectations of buyers Luxury home buyers in the India of yesteryears were content with an address to boast of, along with whatever additional facilities money could buy. However, times have changed; more and more Indi...

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Tackling India’s affordable housing challenge

In India’s rapidly developing cities, affordable housing is in chronically short supply. At present there’s a shortage of 18 million homes across the country of which 15 million are needed for low income families earning less than 16,000 Indian Rupees ($250) a month. As slums and unplanned...

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Residential Property Prices Rose By Only 3.3% In Mumbai & Suburbs In 2015

2016 expected to bring 6% increase A sign of any residential market’s increasing maturity is evidenced by gentler price appreciation – a process which has been very much in evidence in the country’s financial capital. The average residential property prices in Mumbai and su...

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Managing ‘Water Estate’ In A Crisis-Bound Country

One lakh square feet of construction consumes more than 9000 million litres of water – a quantity that can cater to the water requirement of 50 households for an entire year The Rain Gods have withheld their favour from India for two consecutive years now.  In a country where people tend to look...

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Why Smart Cities Need Smart Citizens

Without smart citizens, the Smart City proposals will hold good only for documentation – not implementation Traditionally, initiatives like Smart City are indicators of developed economies. A developing country will become a successfully developed country when its citizens also...

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JLL India Online Home Fest Draws Phenomenal Response, Extended To April 30

Over Rs. 30 Cr Deals Closed So Far, Maximum Response For Properties Under Rs. 2 Cr Delhi, 21 April, 2016: JLL India’s Online Home Fest, launched on April 5 2016 has surpassed all expectations and resulted in deal closures worth over Rs. 30 crore. On the basis of this resound...

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Noida: Looking Back On Four Decades Of Futuristic Growth

On April 18 2016, Noida (New Okhla Industrial Development Authority) completed four decades since its formation. Today, it stands testimony to the fact that planning with a vision and creating infrastructure as the base to spur development generally has a positive outcome. 40 yea...

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JLL India Launches Online Home Fest on JLLR.CO.IN

E-expo showcases residential properties across 15 cities | 96 projects | 64 developers Delhi, 05 April, 2016: Leading international property consultancy JLL India today announced the launch of its Online Home Fest (OHF) – India’s first deal-centric, web-base...

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A Checklist To Remove Affordable Housing Bottlenecks

Large-scale affordable housing in cities is the greatest necessity of urban India today. Because Indian cities have such a severe shortfall on this front, we are seeing the proliferation of slums and unorganized real estate. These are detrimental to planned growth of our cities. Large-scale urban...

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India’s GST a home buyer’s perspective

The Goods and Services Tax (GST) is the most radical taxation reform that could alter India’s economic prospects. I explore below whether the Bill in itself has positive undertones for the country’s home buyers. The GST is a...

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JLL India’s Residential Services Partners With Snapdeal to Market Residential Properties Online

Collaboration to Provide Brokerage-Free Buyer Services In Primary Property Sales Delhi, 22 March 2016: The country’s premier International Property Consultancy JLL India’s Residential Services division has partnered with India’s largest online marketplace to ...

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Pimpri-Chinchwad: Pune’s Satellite City Coming Of Age

Infrastructure, economic generators and quality housing supply will trigger PCMC’s housing market in the coming quarters The Pimpri-Chinchwad Municipal Corporation or PCMC, a twin city to Pune and one of India’s most prominent industrial hubs, is strengthening its economic prowess by adding s...

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JLL India Launches Residential Property Portal JLLR.CO.IN

Dedicated Online Resource for Home Buyers Features Focused Pan-India Residential Property Deals Leading international property consultancy JLL India announced the launch of its dedicated portal for its residential business. The website provides quick and intuitive access to selec...

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Why India’s home buyers are going online

Until recently, buying a property in India was far from straightforward. Investors and home buyers alike relied on print ads in local newspapers, their own eagle-eyed observations of local construction projects, and anecdotal details of a developer’s reputation. A move to online home buying, ho...

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India’s first supertall: A sign of economic progress

As India’s economy goes from strength to strength, the developers of World One are constructing the country’s first supertall building and the world’s tallest residential tower in Mumbai. Located on a 17-acre site, the 117-storey mixed use building will stand close to half a kilometer tall....

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JLL Launching E-commerce Platform For Residential Real Estate

Unique Blend of Online-Offline Services Provides Win-Win Proposition to Buyers and Developers Delhi, 2 March, 2016: Leading international property consultancy JLL India announced that it will foray into E-commerce to market residential real estate. This initiative, involving the ...

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10 things citizens expect from India’s 20 smart cities

The buzzword ‘Smart Cities’ has gained a lot more meaning now after the selection of the 20 top cities as Smart Cities out of a total of 98 through a competitive process of selection. It bears mentioning that the selection process for the ambitious 100 Smart Cities mission is the first of its ki...

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Resilient Chennai

Rising To Chart A New Growth Trajectory Chennai’s is amongst those Indian metros which has more than one economic growth driver. Interestingly Chennai’s economy has a broad industrial base with the port along with IT/ITES and BFSI sectors contributing to its growth. Manufactu...

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This is the right time for home buyers

The realty market in Chennai is one of the most resilient and stable markets in the country, says Sanjay Chugh, JLL India The question that many of the prospective home buyers in Chennai have is “If it is the right time to buy a home? Let us first try to un...

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Residential Real Estate: Learn from 2015 to invest in 2016

The year 2015 ended without bringing much cheer to the residential real estate sector, but it certainly will be remembered as the year that formed a solid base for future growth. Some of the major highlights of the year gone by: ...

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The Real Estate Sector’s key expectations from union budget 2016

The Union Budget is an eagerly-awaited annual event which Indians follow closely, as the decisions and allocations announced by the Finance Ministry have great pertinence to both individuals and industries. The real estate sector is sensitive to many of policies that a...

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Modest optimism, Significant risks

The heady, hectic deliberations at WEF 2016 have drawn to a close, and the curtain settled to an overture that was both upbeat and somehow ominous. As I stood at the snow-filled kerbside waiting for my transfer to Zurich in sub-zero cold, I had lots to ponder about. In...

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Affluent indians make a beeline for branded residences

More launches expected in this segment as India now accounts for 3% of the world’s multi millionaires Realty developer ABIL Group recently entered into a partnership with global fashion design house Versace to design interiors of its luxury residential project on ...

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10 affordable property markets of India

India, rated as the fastest growing economy in the world, has developed a lot over the years. Of course, its metro cities are the pride and joy of India. These cities are the nerve centres of the country’s economy and cosmopolitan culture, and draw the most housing demand for numerous reasons like...

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Hyderabad sees 67% increase in housing sales

Hyderabad has seen a 67% increase in residential unit sales in 4Q14-3Q15 compared to the same period a year ago. This proves that buyers are no longer fence-sitters. As the city moved past the global financial crisis (GFC) and later, the formation of Telangana, developers are no longer holding back ...

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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 inven...

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Mumbai, Delhi & Bangalore among most globalised emerging cities

Mumbai, Delhi and Bangalore – all tier-I cities of India – rank at No. 4, 14 and 18 among most globalised emerging cities (see table below) in a new report titled Globalisation and Competition: The New World of Ci...

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Smart strategies for PEs investing in Real Estate

Private Equity funds, famously known as PEs are invested heavily in the Indian real estate. Even though the sector is emerging only gradually from its slowdown, this could be the golden period of PE investments to invest further, as the opportunities being offered are humongous. Some of the highl...

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Mumbai residential realty sales pick up

Sales uptick of 28% in city suggests positive sentiment gradually returning to the market Not only is the Indian economy picking up thanks to the growth in consumption (and vehicle, fuel sales) but the real estate market in Mumbai also has some news to cheer about. ...

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Group buying Real Estate: Everybody wins

Group buying is an interesting new trend that is garnering attention from everyone who has any stake in the real estate market. In this model, groups of buyers approach developers either directly or through agent representation to negotiate scale-based bargains which w...

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A Festive Season Briefing for Homebuyers

As we look at how the residential real estate market is behaving this festive season, developers and the consultants are on the same page while accepting that it continues to go through a slow time. Many developers still have their backs against the wall financially, and have been challenged to comp...

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Why Real Estate investment is logical in sluggish markets

The global share markets are quite volatile, and despite India’s positive mid-to-long term economic outlook, it is not untouched by these choppy waters. A lot of hard-won investor wealth has been eroded in the recent past.  In these uncertain market conditions, it m...

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Why are homes in mumbai so expensive?

Mumbai’s real estate prices are never out of the news. From the sale of spectacularly expensive trophy properties in South Mumbai to the ever-widening affordability gap for middle class home seekers, the city’s residential real estate market is under a constant jau...

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Should you invest in a weekend home?

Weekend homes, also called second homes or vacation homes, are currently an oasis of market activity in India’s the otherwise lacklustre residential real estate sector. In earlier years, only the affluent could and would invest in them – today, these properties are...

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Buying distressed properties through bank auctions

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 t...

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By invitation only residences

There is real estate and there is ultra-luxurious real estate. Then there property that is out of bounds for even for the well-heeled, and the information about it is available only to a handful of privileged ‘insiders’. Such properties come under the category of ‘by invitation only’ residen...

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Lutyens’ zone gears up to take a breath of fresh air

A haven of architectural excellence, Lutyens Bungalow Zone (LBZ) is an area which single-handedly gives Delhi distinct recognition as one of the best capital cities of the world. For as long as it could hold on to its air of timelessness, Lutyens’ Zone is about to undergo change. Designed and buil...

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A square look at property exhibitions for NRIs

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 and offers are often employed. Real estate is a sector which sees a massive number of exhibitions each year, an...

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A tale of two hotspots: Gachibowli and Rajarhat

A year ago, JLL India identified investment hotspots on the basis of certain quantitative and qualitative factors. Indian cities (and their suburbs) which showed potential were positioned on a curve and categorized under four stages of growth: emerging, growing, peaking and maturing. Taking stock...

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Commercial Real Estate up, Residential down across major Indian cities

Average transacted office lease sizes across Mumbai, Bangalore, Chennai and Pune have increased from the uncertain times seen in 1Q14 – prior to the general elections. Market morale was low in 1Q14, which could explain the lower sizes. Following elections in May 2014...

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E-Registration: a major step towards Real Estate market transparency

The most frequently-occurring type of disagreement in Indian real estate is land dispute. Cases range from of illicit land grabbing and illegal land sales to instances of purchase of land where no actual purchase has taken place – to name just a few. The real estate market has historically been...

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Monsoons and housing sales in mumbai

The monsoon period usually sees a drop in residential transactions. As sales dip, price movement also slows down. In other words, buyers get more time to make their choice and are momentarily free from the stress of future price rises. The discounts that developers offer during this slow period depe...

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Solar Power: a homebuyer’s perspective

Solar power promises to change the way electricity is generated in the country, and it has an impact on the real estate sector as well. With Mr. Narendra Modi raising the target of solar electricity generation from 20,000MW to 100,000MW by 2022 at a cost of $100 billion, the market for everything...

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Getting the most out of rental income-producing properties

If you have some surplus funds and are looking to invest in a property purely for generating rental income, your highest chances for success lie in educating yourself about the right opportunities and avoiding the wrong ones. Among many other things, you need to know h...

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Indian Real Estate: once again attractive for NRIs

Over the past few decades, the urge to ensure a better standard of living for themselves and their families back home has led countless Indians to migrate to countries offering attractive work-pay equations. This income-generating objective is the highest common factor...

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Unlocking India’s rental market with draft model tenancy act, 2015

A change is in the air after almost 70 years as far as rental market is concerned. With the Draft Model Tenancy Act 2015, more of India’s budget-strong families can expect to have a roof over their heads at a cost that is affordable, and to live with dignity. The ...

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The low-down on luxury homes in Chennai

When compared to other metropolitan cities in India, Chennai has traditionally been one the most stable and even predictable real estate markets. However, in the recent past, the luxury homes segment in the city has not performed very differently from markets like Delh...

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Property Negotiation: failing to prepare is preparing to fail

Yes, it is possible to negotiate with residential property developers. As home sales continue to look sluggish in many parts of the country, developers are becoming more open to a bit of creativity on their stated terms. How can you, as a buyer, put your best foot forward at the negotiation table? A...

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Gurgaon’s high pull factor for luxury home buyers

Gurgaon is one of the major corporate hubs in the country with presence of nearly 500 MNCs and even higher number of Indian corporate giants. This is also one of the reasons why Gurgaon attracts a lot of expat population, who prefer Gurgaon because it offers them a bes...

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Getting the most out of rental income-producing properties

If you have some surplus funds and are looking to invest in a property purely for generating rental income, your highest chances for success lie in educating yourself about the right opportunities and avoiding the wrong ones. Among many other things, you need to know h...

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India’s top 20 residential neighbourhoods

Traditionally, the southern neighborhoods of India’s primary cities have always been the poshest and most desirable locations for HNI home buyers. Historically, these localities have housed the Who’s Who of the city. This phenomenon still continues; however, over time, other areas are competing ...

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Mumbai Real Estate to see 6% price appreciation in 2015

Don’t expect a major appreciation on your property in the next two years; returns on property likely only from the third year Given that average property prices across Mumbai have plateaued and sales remain sluggish, many home buyers are speculating if a correction will take place in 2015. Thes...

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Guidelines to investing in a luxury apartment

With the reviving economy having infused a renewed sense of confidence among HNI home buyers, there has been a significant surge in demand for luxury homes asset class in the metropolitan cities of India. Many more developers are...

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Bangalore: should you buy a home in the next six months?

While overall absorption rate in 1Q 2015 stands lower than the rate in 1Q 2014, capital values have seen marginal appreciation across sub-markets. During the first quarter of 2015, two significant market movements have been observed in Bangalore’s real estate market – an increase in new launc...

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Schemes developers use to attract fence-sitters in a sluggish market

Mumbai’s residential real estate market continues to remain lack-lustre, and unsold stock is piling up. Currently, the inventory overhang in the MMR region stands at a staggering 30 months. In response to the unrelenting sluggishness in the market, Mumbai’s residential developers have been of...

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Mumbai residential prices grew by only 7% in two years

The concerns about soaring rentals and unaffordable housing in Mumbai notwithstanding, the surprising fact is that residential property prices across Mumbai city and its suburbs increased only by 7% in 2014, and by a negligible 0.3% in 2013. Home prices in the financial capital are evidently not sub...

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Due diligence for property purchase

Real estate buyers are often warned that they must conduct a thorough due diligence before investing in any property, and that they should not reply solely on the verification process done by banks while they are processing a home loan request. This is sound advice, es...

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Redevelopment – guidelines for housing societies

In our larger metros, rising costs and lack of space make it unfeasible for residents to move out of aging and often sadly dilapidated housing societies. Not surprisingly, redevelopment has become a key concept – and the subject of heated debate. Many older housing societies in India’s primar...

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Gender Diversity – is indian Real Estate ready?

A close look at the Indian real estate industry and its various stakeholders reveals that this sector, which was once largely male-dominated, is slowly waking up to the imperative for greater gender diversity. It is not only International Property Consultancies (IPCs) like Jones Lang LaSalle India t...

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Disclaimer:

The thoughts and opinions expressed in this blog are those of the writer and not necessarily those of JLL.