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New Era in India with bringing of fresh Rs 500 & 2000 currency notes

12/1/2017 5:08:00 PM

"The Govt. Of India yesterday 8th Nov2016 has ignite the flame to flatter the future of all Indians.With this new move the govt has clearly give the message to common man that India is now moving towards cashless transactions whether it is a matter to buy a small matchbox or to buy a LPG cylinder for home or just pay your LPG monthly bill digitally.It added more value to few private e-commerce platforms those have already started building confidence inside the consumer mind to see another alternative of bank ATM card.With this bold move of Govt the rumors are every where that what will happen to Indian Economy, Will specific product  like Stock Exchange, Gold, Real Estate etc will perform well in the absence of black money. In a laymen sense we can expect the things will move ahead in the same way as rumors are, but there can or we say exist another side of coin too. If we see the last three to four years of Indian real estate primary market on ground the chunk of black money was negligible. Due to the buying of investors held in the previous bull run for year  2009-2012 the market price for their assets are not even some time able to sell off on purchased price.Due to existence of end user demand in majority the sellers are managing to accept their short/long term gains through banking.The secondary market in undergoing or recently developed townships hope fully shall not face any major heat of Govt. this move as the margin of long/short term gains are very less. Further the investors those are holding properties in anticipation of better price in the near future will remain peace because of long vision where as current seller may adjust comfortably towards the acceptance of new move to keep the end user demand fulfilled in the near future. Most of Builders all around the country have been fighting since that with Low residential housing sale, Huge inventory , Slow construction phase, liquidity crunch,increasing Debt etc. As expected the selling pressure on the builders those are keeping huge inventory with the support of black money will face heat, but parallel to this Builder working from last few decades in providing good habitation to this country will have opportunity to regain the confidence of customer to large extent. One more addition to this will be the increased liquidity of Banks with this currency demonetization.With these Lakhs of crore deposits the financial strength of banks for lending will be increased and  may soon reflect in the form of reduce lending rate for Home loan etc. As per Economic parameters we know, the reduced home loan rate will ignite end user demand for Homes to fulfill  one major goal of their life.Reduced home loan rates enhance the capability of buyers to stretch  their loan with nominal change in their paying capacity. More over the real estate market is going to be very transparent for players those are practicing cheque & paper transaction in order to keep books of account healthy for buyer and seller. The upcoming enforcement of real estate act by Union govt and RERA presence in all part of country by April 2017 will be the backbone for real estate market to keep stand in front of consumer sentiments for sector. Once again the changing law and polices in country like India. in a surprise and positive manner  keep the finger cross for hoping such more good decision in near future. " Chandigarh

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A Potential Destination to Invest in Real Estate Baddi Brotiwala Nalagarh Industrial Zone

12/1/2017 5:07:00 PM

"A worth in real estate investment associated with the potential of that area to pay returns in terms of Appreciation and rental. Property price always based on the current status and new up comings for any area.Baddi an industrial area of Himachal Pradesh also emerging as a new destination for real estate investment as area has already developed into a industrial house for Big Indian Players of Pharma,FMCG Textile,Biotechnology,Packaging,Informational technology and Electronics etc those contributing towards the witness growth of industrial area. As on 31/03/2013 BBN has received the investment of INR 8116.08 Cr with the registration of 3796 small, medium and large scale units, In which Aprox INR 5031.96Cr has contributed by Medium & Large scale industry. In the last 5 Years Govt has approved projects of worth more than INR 4500 Cr & Expansion of existing projects worth more than INR 1000 Cr. Recently Govt added two more lime stone to its basket by approving investment proposal INR 550 Cr of United Biotech Pvt. Ltd along with Ranbaxy propose to invest INR 84.70 Cr with the Employment potential of 272 people in Baddi. As the area is developed well in terms of industry and still Medium & Large Scale Industries already approved worth more than INR 8000 Cr yet to start its production, the demand for well planned residential and administrative zone comes into play and witness by the Govt. recent activities of appoint a separate IAS officer for Baddi,New modalities with Haryana Govt would work out for the rail link from Surajpur to Baddi,Four lane road from Chandigarh to Badidi,Center Aid of INR 65 Cr to carry out project, Foundation stone for new Tehsil,Shifting State Pollution Control Board to Baddi & so Many etc. activities. Having look on all these facts, One can prudently analyze the growth scenario of BBN area where Half of India’s Pharmaceutical production mainly formulation would be originated." Chandigarh

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Investment in real estate up 9% at Rs 43,780 cr in 2019, led by foreign funds: Report

12/21/2019 2:01:00 PM

Investment in Indian real estate sector is estimated to have increased by 9 per cent to Rs 43,780 crore during this calendar year on higher inflow from foreign funds, according to global property consultant Colliers. Office properties attracted 46 per cent of the total inflow and received nearly Rs 20,000 crore this year. "Investment in India's real estate rose 8.7 per cent in 2019 compared to 2018, and touched USD 6.2 billion (Rs 43,780 crore)," Colliers said in a report. Foreign funds accounted for about 78 per cent of the total investments in 2019- the highest share ever. During 2020, Colliers projects inflows of USD 6.5 billion (Rs 46,170 crore) into the real estate sector. "We recommend investors to look at opportunistic assets including under-construction office assets, supported by strong demand dynamics in information technology (IT)-led markets such as Bengaluru, Hyderabad and Pune, offering ample opportunities to investors" said Sankey Prasad, managing director and chairman at Colliers International India. Commercial office assets accounted for 46 per cent of the total inflows during 2019 totaling USD 2.8 billion (Rs 19,900 crore) with the sector backed by strong demand dynamics and rental appreciation. The interest in office assets is backed by robust demand and rental appreciation. The consultants expect investors to remain focused on acquiring commercial office assets over the next three years, backed by strong occupier demand and rental appreciation. Alongside Mumbai and Delhi-NCR, Bengaluru should continue to rank among the most attractive markets. During 2020-2023, Colliers projected an annual average gross absorption at 52 million sq ft across the top seven cities, surpassing the gross absorption of the preceding five years by 12 per cent. "We expect a flurry of commercial investment activity in 2020 and 2021 as funds aggregate assets to list them as real estate investment trusts (REITs)," the report said. While the office sector is recording solid growth in investments, India's residential real estate is experiencing prolonged slowdown in investment volume, accounting for only 9 per cent of the total investments in 2019. Colliers expect investments in the residential segment to remain soft during 2020, as liquidity concerns in non-banking financial companies (NBFCs) remain. "Despite the ongoing economic slowdown, foreign funds are likely to gain a stronger foothold in Indian realty. Foreign private equity, including pension and sovereign funds, are looking at India for the long term, undeterred by the current slowdown," said Megha Maan, senior associate director, Research at Colliers International India. Bengaluru emerged to the second spot overtaking Delhi-NCR in terms of garnering investments with an investment of USD 655 million (Rs 4,650 crore) during 2019. Mumbai continued to be at the forefront of investments with a 25 per cent of the total investment inflows in 2019. The city continues to be the most sought after investment destination in the country due to a wide range of asset classes, providing diversification to investors' portfolio. Colliers has operations in 68 countries and 14,000 employees. In 2018, its revenues were USD 2.8 billion (USD 3.3 billion including affiliates), with more than USD 26 billion of assets under management. MJH SHW SHW. Source: The Economic Times Chandigarh

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चंडीगढ़ में दूसरा मेडिकल कॉलेज : यूटी सलाहकार मनोज परिड़ा

1/27/2020 10:36:00 AM

चंडीगढ़ प्रशासन रविवार को परेड ग्राउंड सेक्टर 17 में आयोजित गणतंत्र दिवस समारोह में एक दूसरे मेडिकल कॉलेज के नए प्रस्ताव पर काम कर रहा है। परेडा, जिन्होंने राष्ट्रीय ध्वज फहराया और समाज में विभिन्न योगदानों के लिए पुरस्कार दिए, ने कहा कि मेडिकल कॉलेज का सेवन 100 से 150 सीटों तक बढ़ाया गया था। प्रशासन ने पहले ही खेल के बुनियादी ढांचे में सुधार के लिए सेक्टर 39 में एक नए खेल परिसर का निर्माण किया था, और एक "विश्व स्तरीय" शूटिंग-रेंज भी पाइपलाइन में थी। परिदा ने घोषणा की कि चंडीगढ़ नगर निगम जल्द ही भवन योजनाओं को ऑनलाइन मंजूरी देने के लिए एक तंत्र शुरू करेगा। प्रशासन ने सोमवार को सभी सरकारी और निजी स्कूलों के लिए छुट्टी की घोषणा की है। क्या किया गया है नया खेल परिसर 194 किमी साइकिल ट्रैक सेक्टर 17 से विक्रेताओं को हटाना कजौली से 29 एमजीडी पानी मिल रहा है सेक्टर 39 में एक नया खेल परिसर अभी भी क्या चल रहा है दादूमाजरा से कचरा हटाना पंजाब, चंडीगढ़, हरियाणा सरकार के कर्मचारियों के लिए घरों का निर्माण पाइपलाइन में क्या है दूसरा मेडिकल कॉलेज ऑनलाइन स्थानांतरण नीति ऑनलाइन बिल्डिंग अप्रूवल प्रोजेक्ट नई शूटिंग रेंज स्रोत: द ट्रिब्यून Chandigarh

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कंसोलिडेशन मोड में रियल्टी क्षेत्र

1/28/2020 12:53:00 PM

4326/5000 लगभग पांच साल पहले, दक्षिण भारत की एक प्रमुख संपत्ति फर्म के प्रबंध निदेशक ने देश के बाहर एक रियल्टी क्षेत्र के सम्मेलन में कहा था कि डेवलपर्स की भविष्य की बैठकें बोर्डरूम में होंगी, न कि बॉलरूम में। उन्होंने उस समय रियल्टी क्षेत्र के बारे में सरकार की मनोदशा और दृष्टिकोण को समझने के बाद टिप्पणी की। इस क्षेत्र में खिलाड़ियों की कम संख्या की उनकी भविष्यवाणी सच हो गई है। देश में रियल एस्टेट उद्योग अब एक समेकन देख रहा है। तीन प्रमुख सुधार और ndash demonetisation, GST और रियल एस्टेट (विनियमन और विकास) अधिनियम, 2016 (RERA) और ndash का रियल्टी क्षेत्र पर महत्वपूर्ण प्रभाव पड़ा है, जिससे कई छोटे खिलाड़ियों का बाहर निकलना पड़ा। जीएसटी और कड़े विनियामक शासन RERA ने अचल संपत्ति डेवलपर्स के लिए एक बदलाव को चिह्नित किया। पारदर्शिता और जवाबदेही के साथ नए वॉच-शब्द बन गए हैं, अब कोई कमी नहीं है। रियल्टी क्षेत्र को नियमों और मानदंडों का पालन करने के लिए मजबूर किया गया है। बड़े और होशियार खिलाड़ी अपने व्यापार को नए नियमों के साथ समायोजित करने में कामयाब रहे, जबकि छोटे और असंगठित खिलाड़ी अपने व्यवसाय को औपचारिक रूप देने के लिए संघर्ष करते रहे, और बड़ी चुनौतियों का सामना किया। एम। मुरली, अध्यक्ष और प्रबंध निदेशक, श्रीराम प्रॉपर्टीज़, सहमत हैं कि रियल्टी क्षेत्र एक समेकन मोड से गुजर रहा है। “हम अनुमान लगाते हैं कि देश में 50-60 से अधिक रियल एस्टेट डेवलपर्स आगे नहीं बढ़ रहे हैं। ये बाजार के 95 फीसदी हिस्से की देखभाल करेंगे। बाजार में शेष 5 प्रतिशत की सेवा करने वाले अन्य 1,000 खिलाड़ी होंगे। यह अब हम देख रहे हैं। प्रत्येक शहर में 10-15 बड़े खिलाड़ी हो सकते हैं, जो अधिकांश मांग को पूरा करते हैं। ” जेएलएल इंडिया के सीईओ और कंट्री हेड रमेश नायर भी बताते हैं कि पिछले चार से पांच सालों में भारतीय बाजार में काम करने वाले डेवलपर्स की संख्या में लगभग 50 फीसदी की कमी आई है। 2019 के माध्यम से स्वस्थ बैलेंस शीट के साथ प्रतिष्ठित डेवलपर्स, जबकि छोटे लोगों को अत्यधिक वित्तीय बाधाओं का सामना करना पड़ा। उन्होंने कहा कि गैर-गंभीर खिलाड़ियों को बाजार से बाहर कर दिया है जबकि अन्य छोटे खिलाड़ियों ने बड़े डेवलपर्स के साथ हाथ मिलाया है। हालांकि, राष्ट्रीय रियल एस्टेट डेवलपमेंट काउंसिल (NAREDCO) के राष्ट्रीय अध्यक्ष, निरंजन हीरानंदानी ने महसूस किया कि ठेकेदारों के लिए डेवलपर्स के 'मंथन' को समाप्त करना मुश्किल होगा और इसके विपरीत 'समेकन' होगा। "परंपरागत रूप से, हमने देखा है कि ठेकेदार अपने काम को बढ़ाते हैं और डेवलपर्स बनते हैं। इसी तरह, अतिरिक्त क्षमता वाले डेवलपर्स दूसरों के लिए अनुबंध का काम करते हैं। इसलिए, जो किसी भी स्थिति में ओवर-लीवरेड हैं, उन्हें किसी भी मामले में विलय करना होगा या फेक-साउंड कंपनियों द्वारा लिया जाना चाहिए, RERA ने शायद इस प्रक्रिया को तेज कर दिया है, ”उन्होंने कहा। प्रमुख प्रमुख सुधारों के अलावा, IL & FS संकट के कारण होने वाली तरलता की कमी ने भी अधिकांश डेवलपर्स को प्रतिकूल रूप से प्रभावित किया है, जिसके परिणामस्वरूप व्यवसाय संचालन का युक्तिकरण हुआ है। दूसरी ओर, लंबे समय तक आर्थिक मंदी से आवास की मांग प्रभावित हुई, जिसके कारण आवासीय बिक्री में धीमी वृद्धि के साथ मौन उपभोक्ता भावनाएं प्रभावित हुईं। जबकि रियल्टी स्पेस में समेकन को गति प्रदान करने में विनियमों का एक बड़ा कारक रहा है, बदलती खरीदार जरूरतों ने भी महत्वपूर्ण भूमिका निभाई है। इसलिए, रियल्टी खिलाड़ी जो खरीदार आवश्यकताओं के साथ 'सिंक' में नहीं रह सकते थे और नई ग्राहकों की आवश्यकताओं के अनुकूल नहीं थे, उन्हें बाजार छोड़ना पड़ा, हीरानंदानी ने बताया। होमबॉयर्स अपने घर खरीद के फैसले करते समय अधिक सूचित और सतर्क हो गए हैं। अब वे नायर ने कहा कि पारदर्शिता, गुणवत्ता और समय पर निष्पादन के संदर्भ में स्थापित ट्रैक रिकॉर्ड के साथ डेवलपर्स द्वारा परियोजनाओं को खरीदना पसंद करते हैं। इस सब के बीच, रियल्टी क्षेत्र में मांग में सुधार देखने को मिल रहा है। हालांकि यह भी नहीं है, कई बाजारों में आवास की बिक्री में वृद्धि देखी गई है, और अनसोल्ड इन्वेंट्री कम हो रही है। 2019 में, आवास की बिक्री में साल-दर-साल 6 प्रतिशत की वृद्धि देखी गई। दिसंबर 2019 की तिमाही के दौरान मिड और लो-टिकट साइज श्रेणी के शीर्ष आठ शहरों में नए हाउसिंग प्रोजेक्ट लॉन्च 25 प्रतिशत बढ़े। यहां तक ​​कि जब उद्योग हाउसिंग की मांग को पूरा करने के लिए आगामी बजट में कुछ सोप का इंतजार करता है, तो उद्योग का मानना ​​है कि नया मंत्र 'प्रदर्शन या नाश' है। RERA उस ढांचे को खो देता है जिसके तहत किसी को प्रदर्शन करना होता है। जो लोग नई प्रणाली के लिए अनुकूल हैं वे व्यवसाय में बने रहेंगे, यह उतना आसान है। स्रोत: द हिंदू बिजनेस लाइन Chandigarh

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Realty sector in consolidation mode even as it awaits stable recovery

1/28/2020 12:56:00 PM

About five years ago, the managing director of a leading property firm in south India had said at a realty sector convention outside the country that future meetings of developers would take place in boardrooms, and not in ballrooms. He made the remarks after sensing the government’s mood and view about the realty sector at that point in time. His prediction of a lesser number of players in the sector appears to have come true. The real estate industry in the country is seeing a consolidation now. Three major reforms &ndash demonetisation, GST and Real Estate (Regulation and Development) Act, 2016 (RERA) &ndash have had a significant impact on the realty sector, leading to the exit of numerous small players. GST and the stringent regulatory regime RERA marked a paradigm shift for real estate developers. With transparency and accountability becoming new watch-words, there are no short cuts anymore. The realty sector has been forced to follow rules and norms. The bigger and smarter players managed to tweak their business to adjust to new rules, while smaller and unorganised players struggled to formalise their business, and faced huge challenges. M Murali, Chairman & Managing Director, Shriram Properties, agrees that the realty sector has been going through a consolidation mode. “We estimate not more than 50-60 real estate developers in the country going forward. These will take care of 95 per cent of the market. There will be another 1,000 players serving the remaining 5 per cent of the market. This is what we see now. Every city may have 10-15 big players serving most of the demand,” he added. Ramesh Nair, CEO and Country Head, JLL India, also points out that the number of developers operating in the Indian market had been reduced by nearly 50 per cent in the past four to five years. Reputed developers with healthy balance sheets sailed through 2019, while the smaller ones faced extreme financial constraints. This has driven non-serious players out of the market while other smaller players joined hands with larger developers, he added. However, Niranjan Hiranandani, National President, National Real Estate Development Council (NAREDCO), felt that it would be difficult to term the ‘churn’ of developers to contractors and vice versa as ‘consolidation’. “Traditionally, we have seen contractors try and scale up their work and to become developers. Similarly, developers with spare capacity tend to take up contracting work for others. So, those who are over-leveraged would, in any case, have to merge with or be taken over by fiscally-sound companies RERA has probably speeded up the process,” he stated. In addition to key major reforms, the liquidity crunch caused by the IL&FS crisis also adversely affected most of the developers, resulting in the rationalisation of business operations. On the other hand, housing demand was impacted by the prolonged economic slowdown that led to muted consumer sentiments with slower growth in residential sales. While regulations have been a major factor in triggering consolidation in the realty space, changing buyer needs have also played a vital role. Hence, realty players who couldn’t keep ‘in sync’ with buyer requirements and couldn’t adapt to the new customer requirements had to leave the market, pointed out Hiranandani. Homebuyers have become more informed and cautious while making their home purchase decisions. They now prefer buying in projects by developers with established track record in terms of transparency, quality and timely execution, said Nair. Amid all this, the realty sector appears to be seeing a revival in demand. Though it is not even, many markets have seen a spike in housing sales, and unsold inventory is getting reduced. In 2019, housing sales witnessed a 6 per cent growth year-on-year. New housing project launches grew 25 per cent in the top eight cities in the mid- and low-ticket size category during the December 2019 quarter. Even as the industry awaits some sops in the upcoming Budget to drive housing demand, the industry believes that the new mantra is ‘perform or perish’. RERA lays down the framework under which one has to perform. Those who adapt to the new system will remain in business, it is that simple. Source: The Hindu Business Line Chandigarh