CCI May Soon Give Order to curb unfair ways in India’s Realty

propertynewsindia.in1  CCI May Soon Give Order to curb unfair ways in India’s RealtyA number of builders are being probed by CCI for their alleged anti-competitive trade practices. The upcoming order can put an end to the malpractices in the real estate segment.

In its bid to put a tab over unfair practices in the realty sector of the country, the Competition Commission of India is expected to set to finalise its order on alleged unfair business practices in the realty sector.

According to media reports, the CCI, which has already issued notices to a number of real estate entities with regard to the cases, has completed the personal hearings of these cases and hence it would soon be coming out with its order to address this issue. [Read more...]

How Odisha is Making Low-Cost Houses for Poor

propertynewsindia.in1  How Odisha is Making Low Cost Houses for PoorThe government of Odisha is making all the effort to create solid housing infrastructure for the poor in the state.

In a bid to provide low cost housing for the poor strata of the society, the Chief Minister of Odisha has announced plans to launch Shelter Security Mission in the state.

As part of this program, the government would be spending between Rs 15,000 to 20,000 crore and looking forward to provide low-cost affordable housing for the poor in both rural and urban areas of the state. [Read more...]

How to Earn Revenue from Your Investment Property

propertynewsindia.in1  How to Earn Revenue from Your Investment PropertyMost individuals purchase real estate in anticipations of making wealth from their property acquisition, just as they might with any other investment asset. Though, real estate is exceptional in that it has four different components of investment returns. Fundamentally, here are the four ways you can create money as an outcome of real estate ownership:

  • Property value appreciation
  • cash flows
  • income tax advantage
  • loan principal pay down

It’s imperative to note that just for the reason that there are numerous mechanisms of returns; it does not imply you will always make money on realty investments. Various people go through terrible losses due to inadequate research and study, as well as because of risk matters that have not been mitigated. Do your homework before you invest in real estate. [Read more...]

How you can win with Investing in Real Estate

propertynewsindia.in1  How you can win with Investing in Real EstateWhen you are investing in the real estate segment, only sky is the limit, but you need to keep yourself abreast with what is happening in the industry and gain more from your investments.

When people invest in real estate, the primary motive is to make money and increase the rate of their growth. But as an investor you need to keep in mind a lot of variables such as taxes you pay, the costs of owning the real estate investments, payment towards the utilities and above all the insurance of your real estate.

Only after knowing all these details, will you be able to derive the best information. We are presenting some of the best practices that can guide you towards better investment opportunities in real estate. [Read more...]

How lack of clarity can put blemish on REITs Success

How lack of clarity can put blemish on REITs Success :

There is no doubt about the fact that the proposed Real Estate Investment Trusts (REITs) could become a big agent of change for the realty sector.

However, as there is little clarity on taxation and regulatory issues related with the subject, it might act as a dampener in terms of not attracting enough foreign investments in the commercial space, this has been revealed in a recent report.

As per the plan by the government, REITs are expected to easy up the process to funnel funds from moderate investment agencies such as insurance and pension funds, but on the other hand, there are a number of taxation and regulatory issues that could act as roadblocks in its adoption. This was revealed in a report titled ‘Destination India – Are we ready for REITs?’ unveiled by global accounting firm KPMG in association with Indian Private Equity and Venture Capital Association.

This report has estimated that India has a capacity for about 350 million square feet of ‘Grade A’ office space today, the valuation of which is about $65 billion to $70 billion or Rs. 4.2 lakh crore.

Out of this, about 100 million square feet is estimated to be eligible for REITs in the next three years, valued at about $20 billion (Rs. 1.2 lakh crore). This will translate into major development and growth of this sector in India.

As a matter of fact, most of India’s ‘Category A’ property is hovering around in seven big metro cities, namely Delhi-NCR, which includes Gurgaon and Noida, in addition to Mumbai, Bengaluru, Chennai, Pune, Kolkata and Hyderabad. This is where there is most of the real estate growth today.

However, India’s real estate has to prepare for a better tomorrow in terms of creating that process driven foundation on which future growth can be held upon