Monthly Archives: September 2024

The Growing Potential of SM REITs in India

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the Potential of SM REITs in India’s Real Estate Market

By 2026, the SM REIT market could be worth over $60 billion. Over 350 million square feet of commercial office space are ready for investment. Among the top cities, Mumbai leads with 75 million square feet of SM REIT-ready office stock as of June 2024.

What is Driving SM REIT Growth?

Explore the booming market of Small and Medium Real Estate Investment Trusts (SM REITs) in India. Learn how they are transforming the real estate sector and why you should invest.

According to CBRE, India’s SM REIT market covers over 300 million square feet of completed office space. An extra 50 million square feet will be added by 2026. The growth of SM REITs is attracting more investors. These REITs offer stable returns with quarterly distributions. This makes real estate a safer investment option for more people.

Key Cities Leading the Way

Mumbai and Delhi have the highest SM REIT-ready office space, with 70-75 million square feet. Bengaluru and Hyderabad follow, with over 50 million and 30 million square feet, respectively. By 2026, Delhi-NCR, Bengaluru, and Hyderabad could add another 36 million square feet of office space. Mumbai is expected to contribute 10 million square feet more.

Why SM REITs Matter

SM REITs in India help improve the real estate market by making it more transparent. They lower the risks tied to projects that are under construction. These trusts also make it easier for investors to enter the market, thanks to quarterly cash flow distributions. As a result, SM REITs bring in more investors and improve property management.

Tax Benefits Boost Appeal

The recent tax reforms in the 2024-25 Union Budget make SM REITs even more appealing. The holding period for long-term capital gains has been reduced from 36 to 12 months. This makes SM REITs similar to listed equity shares in terms of tax benefits.

What’s Next for SM REITs?

As India’s real estate sector grows, SM REITs will play a key role. They make real estate investment easier, safer, and more attractive. This will lead to better-quality assets and higher investor confidence in the years to come.

Ready to invest in India’s growing SM REIT market? Visit PropertyWala.com today to learn more about real estate opportunities. Start investing smartly and securely!

CBRE Report on SM REITs: For a detailed analysis of SM REITs in India, visit the official CBRE India Real Estate Market Report.SEBI’s SM REIT Regulations: Learn more about the regulatory framework from the SEBI Guidelines for REITs.

Delhi Development Authority’s New Approach to Property Documentation

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However, the Delhi Development Authority (DDA) is making a groundbreaking shift in how it handles property documentation. Starting in September 2024, buyers will receive their flat documents in a sophisticated, customized folder. This change comes after concerns raised by Lieutenant Governor VK Saxena about the inefficiencies and issues with the current documentation process.

What’s Changing?

The DDA is upgrading its document delivery system to provide a more organized and user-friendly experience for property buyers. Previously, buyers received their possession letters on loose paper, which often led to lost or disputed documents. Now, they will receive a polished folder that includes all essential documents. The new folder will contain:

Demand-Cum-Allotment Letter (DAL)

Payment Receipt

Possession Letter (PL)

NOC for Water and Electricity

Possession Slip

RERA Registration Certificate

Layout Plan

On the other hand, this change aims to gather all necessary documents in one place, reducing the hassle of navigating various departments.

Why This Change is Significant

Addressing Document Issues: Whenever The Lieutenant Governor identified document loss and disputes as major issues. The new system is designed to mitigate these problems by consolidating documents into a single folder.

Enhancing the Buyer Experience: As a result, buying a home is a significant event. By providing a comprehensive folder, the DDA makes this milestone more special and memorable.

Improving Security: Similarly The new possession slip includes a photo of the buyer, ensuring that the possession is handed over to the correct person and reducing the risk of fraud.

Impact on Recent Housing Schemes

Additionally, The new documentation process was first rolled out with the recent housing schemes at Golf View Apartments, Sector-19B, Dwarka. The DDA has also launched several other schemes across various locations, including Narela, Dwarka, Siraspur, Ramgarh, Rohini, Loknayakpuram, and Jasola. Going forward, this improved documentation process will be the standard for all new flat possessions.

In the same way as the New Property Documentation Process & Benefits of Customized Document Folders.

To provide a fuller picture, further details about the implementation stages, feedback from buyers, and plans for document management could be included. Expanding on these aspects will enhance the article’s depth and relevance.

DDA housing schemes or tips for homebuyers.

Learn more about DDA’s new housing schemes

Explore the latest updates from the Delhi Development Authority

Read more on real estate documentation tips

To provide a fuller picture, further details about the implementation stages, feedback from buyers, and future plans for document management could be included. Expanding on these aspects will enhance the article’s depth and relevance.