Tag Archives: commercial real estate

Commercial Shops In Noida Extension

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Real estate investing is no longer a simple task. It is hard to decide where to invest. There are numerous commercial projects in India, but before investing in any venture, you must be cautious about your funding. First, you must determine what type of property you want to invest in or what property will fit your budget. There are a few good commercial assets where you can earn money. We always advise our clients to invest in retail shops in Noida if they have an investment budget but no experience in industrial property. However, if you have any experience in the business sector and a large budget, you should invest in the commercial property in Noida Extension. 

Commercial Shops in Noida Extension 

You can spend your money on Retail Shops in Noida Extension. Commercial Shops in Noida Extension have a lot of potential for good returns on Investment for a short period. One of the reasons is that the developers building a retail store here are very professional and well-known. They are using cutting-edge technology in construction, so the overall result is better. They hire internationally renowned architects for projects to develop new designs and ideas in India.  These international architects have worked on a variety of projects in developing countries, and as a result, they require full-size experience. 

Central Noida Retail Stores 

There are a few projects in Noida where you can buy retail shops for incredibly reasonable prices. Spectrum Metro is a good project where you could invest in retail stores in significant Noida. These stores stand in E. Sector 75 Noida, which is the center of Noida. The world 50 & 51 Noida, the oldest and most expensive part of Noida, opposes Spectrum Metro Noida. The USP of the project is the upcoming Max Health Center directly across from it because most people will buy their medications and food items from its strategically located store. 

Guidelines for Purchasing Commercial Stores in Noida Extension

People are choosing commercial shops in Noida Extension NCR because, as we all know, the area is experiencing significant residential and commercial development due to industrialization, commercialization, and high-connectivity infrastructure developments. Always look for commercial shops near Metro stations; doing so will increase investment returns in the long run. The foot traffic will increase due to the proximity of a metro station, which will eventually be to your advantage and that of your investments. 

The best options are great retail stores with spacious storefronts for retail space units with designated signage areas. Retail establishments with designated drop-off points give you the advantage in future profits. Another excellent investment is a store with kiosks and seating areas. If you are looking for commercial office space, there are designated, separate drop-off and entrance areas for offices if it is a mixed-use building with both office and retail space. 

The city’s thriving business district is conveniently close to a contemporary, upscale business complex. The proximity of a market, hospital, and metro station is also crucial. Always look at the real property from a real developer when searching for commercial property in Noida Extension. Real estate developers who are fake and pitiful are currently abundant on the market. As a result, always investigate the developer’s reputation. This advice will give you a long-term rental business and raise the bar for your smart scale. 

One of the areas with the fastest growth rates in the nation and Delhi NCR is the Noida Extension. This region has gone too far in terms of amenities, appreciation, connectivity, infrastructure growth, and final security.  

Understanding GST on Renting Commercial Properties

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Real estate is one of the country’s most important economic sectors. Many people in the country rely on property rentals as a source of income. The impact of GST on the property rental industry has been significant. Learn more about GST on commercial properties by reading this blog. 

In India, how is commercial rent taxed?

If you rent out your property for commercial purposes and earn more than Rs 200,000 per year, you are subject to GST. GST applies at 18% of the taxable value. 

Who is responsible for GST on commercial property rent?

Owners of rental properties are required to collect GST from renters. This GST is part of the rent. If the rent from AY 20-21 onwards is Rs 2.4 lakh a year, the rent payer must deduct 10% income tax. 

Both residential and commercial properties are subject to TDS. TDS is not taxed. 

Commercial property tax breaks are available. 

Commercial property can be bought and sold. 

The standard deduction

Commercial properties rented at a set price are eligible for a 30% repair deduction. It allows you to save a reasonable amount of tax regardless of how much you spend on your property purchase. 

Interest deduction on loans 

You can deduct the total interest paid on loans involved in buying or building commercial real estate to modify or build real estate. In this category, upfront penalties or processing fees are also tax deductible. It is only valid for the year of ownership following completion. You can also claim the total interest paid in five equal installments before the year of purchase. 

Use of commercial property for work/ business.

You cannot deduct fictitious rental income. You can deduct depreciation and the interest paid on the loan used to purchase the property. The actual cost of maintenance and repairs is tax deductible. 

The new tax regime limits tax deductions for commercial real estate loan interest. Section 24 deductions for rented property do not apply. You can charge up to the annual net sum of gross rent minus municipal tax if you claim interest and standard deductions. 

How much of your rent is tax-free?

You are not required to pay tax on amounts previously paid as property tax. Deduct current-year property taxes from gross rental income or gross annual value (GAV) for the year. 

Section 24A of the Income Tax Act allows for a 30% deduction from net annual value. People pay no tax on this amount and deduct it from their taxable income. Other expenses, such as painting and repairs, are not tax deductible once the 30% limit under this section applies. 

Assume an owner takes out a loan on a rental property. In this case, the loan interest paid during the fiscal year reverts to rental income after standard deductions. This rebate is allowed under Section 24B of the Income Tax Act. 

Interest on borrowed capital for acquisition, construction, repair, or diversion is deductible in the case of rental property. The Income Tax Appeals Court has ruled that owners are not required to pay taxes on unrealized rental income for unpaid rent. 

Because rental income is taxable under sections 22 and 24 of the Income Tax Act, this section only applies to income from habitable land. Renting vacant land is taxable as other sources of income. 

How is rental property tax calculated?

After deducting municipal taxes, standard deductions, and home interest, compute rental income taxes based on the Gross Annual Value (GAV). 

Consider the following example to demonstrate how to calculate taxable income on a rental property:

Assume the owner receives Rs 30,000 in monthly rental income and pays Rs 30,000 in local tax (calculated using the property unit area system). He has also taken out a home loan and is paying Rs 90,000 in interest to secure it. 

Calculate your taxable income as follows: 

Rental Property Income Amount in Rs. 
Gross Annual Value 4,80,000 (40,000 per month) 
Deduct Municipal Taxes 30,000
Net Annual Value 4,50,000
Deduct: 30% standard deduction 1,35,000 (30% of 3,30,000)
Home loan interest90,000
Income from house property2,25,000

Tax Calculation on Rental Property

In this case, the GAV of the property is Rs 4,80,000, which is greater than Rs 2,50,000, so tax is due on the rental property. If you pay Rs 20,000 monthly rent, your GAV is Rs 2,40,000 (20,000 *12). 

How can I avoid paying rental income taxes?

The following suggestions will help you save money on your rental income taxes: 

Upkeep fees: 

Deducting maintenance charges from rent is one of the simplest ways to save tax. The cost of maintenance can include in the rent. In some ways, the tax on rental income is rising. For example, if you calculate a rent of Rs 50,000 and add Rs 10,000 for maintenance, you must pay taxes on the entire amount. However, you can save Rs 10,000 in tax by excluding such costs from maintenance charges. The lease contains only one line saying that tenants can pay maintenance fees directly to the society association.”

Municipal taxes: 

A few individuals realize that municipal taxes, such as property and sewerage fees, can be deducted from rental income. The only requirement is that the property owner pays all municipal taxes. Tenants are frequently liable to municipal taxes. As a result, the tenants’ payments are not deductible. Municipal tax credits reduce your tax liability by lowering your income from real estate. 

Joint Possession 

You can pay taxes on your rental income if you buy a property with a trusted family member (husband/wife/parents). Rental income is shared and taxed with other family members in such cases. 

Fully or partially furnished properties: 

The property owner will provide amenities such as WiFi, a gas connection, DTH/cable TV, and a newspaper. Such charges are typically billed as rent and paid by the owner’s relevant authorities. In such cases, you can request that the lessee pay the bill and deduct the rent amount. Alternatively, you can collect them separately from the tenant. It’s not part of the rent. Therefore, rental income will decrease. 

Standard Deduction: 

When a property is purchased and rented for investment purposes, it follows that there will be some costs for repairs and maintenance. 30% of the annual net value can be claimed as a standard deduction regardless of the repair costs. 

What is the GST rate on commercial property maintenance fees? 

Buyers must pay GST on maintenance costs plus GST on property purchases. The builder levies 18% GST on monthly maintenance fees of around 4000 rupees. Maintenance charges are exempt from GST up to Rs 7700/- per month. 

What are the tax advantages of a commercial property loan? 

Tax break under section 24(B)

This section allows salaried individuals to claim income tax breaks on property loans. If the loan is used to [purchase a new home, you are eligible for a tax credit of up to Rs. 2,00,000. Interest payments are tax-deductible. 

Section 37 (1) Tax Benefit: 

Property loans are not tax deductible, whether they are for business or personal reasons. Because you are investing in real estate, a loan for investment reasons may be tax-free. 

What is the penalty for failing to declare rental income? 

When landlords intentionally omit income from their returns, the IRS imposes fraudulent filing penalties. It could include a fine of 20% of the owed amount plus 75% of the total tax due. These penalties are in addition to any unpaid taxes. 

Kerala Shops and Commercial Establishment Act 1960

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The Kerala Shop and Establishment Act 1960 intends to legalize businesses and safeguard the rights of employees. This law establishes the necessary guidelines for Kerala’s annual salaries, leaves, working hours, holidays, maternity leave, and other benefits. 

Companies must register under this act to get a mandatory license to run a business successfully in Kerala. Companies must register following this act to obtain permission to run their businesses in Kerala well. This guide provides details on shop and establishment registration in Kerala. Keep reading to learn more. 

Definitions 

An establishment or administrative service where the employees are primarily engaged in office work, a hotel, restaurant, boarding or eating house, cafe or any other refreshment house, a theater or any other place of public amusement or entertainment, and any other establishment that the government may, by notification in the Gazette, declare to be a commercial establishment are all considered to be commercial establishments. 

“Establishment” refers to a store or other place of business;

A shop is any establishment that engages in trade, business, or customer service. Whatever the location, it also includes any offices, storerooms, godowns, or warehouses used in connection with such sales or companies. However, it excludes commercial establishments and shops attached to factories where employees are entitled to benefits under the Factories Act of 1948. 

Eligibility Requirements for Registration Under the 1960 Kerala Shop and Establishments Act 

Every business establishment located in Kerala state territory is subject to this act. Every service, no matter how big or small, must register. Therefore, shop and establishment registration is necessary in Kerala for all retail stores, lodging facilities, restaurants, theaters, and public entertainment venues. 

The Kerala Shops and Commercial Establishment Act Exempts Certain Establishments from Registration

This law contains some exemptions. The list is as follows: 

  • Employees working in a management position in any establishment employees in management positions in the organization. 
  • People who give services that involve traveling people who provide travel-related services. 
  • Central or state government undertaking establishments for essential or state government undertakings. 
  • Establishments under local authorities 
  • Cantonment authorities and establishments under the Reserve Bank of India.
  • Shops and establishments in marketplaces where temporary fairs are occasional stores and businesses located in areas with frequent temporary fairs. 
  • Establishments that do not fall under the Factory Act of 1948. 

How do I register establishments and shops online in Kerala?

The steps that are required to register under the act:

  • Visit the official website of the Kerala government’s labor division as your first step. 
  • After reading the relevant instructions, click “Proceed” after selecting the “Online Registration” tab. 
  • Step 3 is to choose the district name and registration office after choosing the Kerala Shops and Establishments Act 1960. 
  • Locate the key areas, which are:
    • Name of the company and the manager, 
    • Name and mailing address of the businesses, 
    • Name of the company and the kind of business 
    • Number of males and females employes  
    • Owner’s mobile number, etc. 
  • Step 5: Download the format for the employee information, complete the fields, and click “apply.”
  • Step 6: Write down the temporary registration number and the application number. 
  • Step 7 is to download the challan and make the necessary payment. 
  • Step 8: Display and print the application using that temporary registration number. 

Registration Paperwork for Kerala Shops And Commercial Establishments Act 

To register, applicants must submit the following paperwork: 

  • Details of the employer or manager. 
  • The trust deed, partnership deed, or association documents.
  • Bank details 
  • For rented shops, a rental deed is necessary. 
  • Managers, directors, and officers.
  • Details of applicants’ PANs and Aadhaars 
  • List of employees and their names, address, date of birth, workplace designation, and year of joining. 
  • MOA or AOA 
  • Certificate of incorporation 

Registering Under the Kerala Shops and Commercial Establishments Act: Required Documents 

The following fees need to be collected for applicants to register their stores and other businesses in Kerala: 

  • No employees – Rs. 10 
  • 50 rupees for five workers 
  • 5-10 employees – Rs. 50 
  • 10-20 employees – Rs. 200
  • 20-30 employees – Rs. 300 
  • 30-50 employees – Rs. 500 
  • 50-100 employees- Rs. 1000
  • Above 100 employees – Rs. 2000 

Steps for Kerala Shops and Commercial Establishments to Check Application Status of Registration 

You can check the status of your application using a straightforward process. These are as follows: 

  • Step 1: Visit the official website of the labor department of the Kerala government. 
  • Step 2 is to enter the registration number. 
  • Step 3: Complete the captcha and select “show.”

Validity of Shop and Commercial Establishment Registration Certificates in Kerala 

This registration certificate for a shop and commercial establishment in Kerala is valid for one year from the issue date. Applicants must apply for certificate renewal at least 30 days after the certificate’s expiration date. 

Continue reading if you want to know how to renew your certificate. 

How do I renew a shop license online in Kerala?

Applicants must renew their licenses every year. Otherwise, they may encounter difficulties in running a business. This renewal process is as follows: 

Step 1: Go to the Kerala government’s official labor department website. 

Step 2: Navigate to the portal and select “online renewal.”

Step 3: Go to the license renewal page by picking “online renewal.”

Step 4: Select “renewal of registration” as the renewal type. 

Step 5: Review your license information in the following window. 

Step 6: Next, select the period of renewal for the option. 

Step 7: Download the employee’s details format, fill in the blanks, and next select the Browse tab. 

Step 8: Finally, choose “apply for renewal.”

Kerala Shops and Commercial Establishments Act Rules  

Here are some of the most essential rules for shops and commercial establishments in Kerala. 

  1. Employment of Women, Children, and Young People

This act prohibits children from working in shops or commercial establishments on the state’s territory. Women and minors under the legal limit of 17 are not allowed to work before or after 6 a.m. or after 7 p.m. 

  1. Working Hours

 Employees should limit their work to eight hours per day and forty-eight hours per week. Working hours should be limited to ten per day, including overtime. Employees should not also work for more than four hours without a break.  

  1. Exemption of work 

Pregnant women are exempt from working before delivery or for a specified period after delivery. They are also not permitted to carry loads while pregnant. 

  1. Regulations and Work 
  • A company will not fire an employee who has been with them for more than six months without good reason.
  • Organizations must provide at least one month’s notice to employees who have not served for six months. 
  • Employers must pay their employees’ average daily wages for the leave they receive. 
  • Employers should pay holiday pay to employees who have served for at least a year. 
  • Employers must keep a copy of the license in the shop or commercial establishment premises. 
  1. Week-off

Every store and commercial establishment should be closed at least one day per week. Shop owners should post this closing day in a visible area for customers. This day, however, should be changed more than once every three months. 

  1. Annual leave Paid

After 12 months of service, employees get access to 12 days of paid vacation. You can extend it for a maximum of 24 days. Furthermore, under Section 13 (2) (a), employees with wages are entitled to twelve sick days for accidents or sickness. 

  1. Employees’ Rights
  • Employees may request special leave for sterilization. 
  • Casual leave for 12 days is allowed for employees with filled wages. 
  • Employees may only put in fifty hours of overtime per quarter. 
  • Employers should pay employees twice as much for overtime. 
  1. Penalties

There is a risk of being penalized if all rules and regulations do not apply correctly. 

  • Breaking the rules of the Shop and Establishment Act can result in a penalty of $250 plus an additional 10 per day if the cause of the cost persists. 
  • Any violation of sections 6, 8, 9, 11, 12, 13, 13A, 14, 18, 21, 21A, 22, 5D, 5E, and 5F are punishable. 

The Advantages of the Shops and Commercial Establishment Registration Act in Kerala 

The advantages of Kerala shop and establishment registration are listed below for convenience. 

  • It serves as legal proof for the shop’s and establishment’s owners. 
  • The registration certificate grants the right to operate any business within the state’s borders. 
  • Applicants who hold this certificate are eligible to open a current business bank account. 
  • The certificate holders can supplement the state government’s inspections. 
  • Business owners who register under the act are eligible for government benefits for small businesses. 

Save these details about shop and establishment registration in Kerala to start your business within the state. The procedures outlined in the guide will make it easier to complete the registration process.  

Can a residential real estate agent sell commercial property?

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Commercial and residential real estate brokers come from the same industry. The simple fact that both agents work in real estate is the only obvious similarity. The property type that each individual specializes in becomes the defining characteristic. Residential real estate agents assist clients with buying, selling, and renting property for their use. 

On the other hand, commercial property agents handle real estate used for business or investment purposes. These agents advise investors on risk issues and ensure they get an ROI when they buy and sell real estate. They also lease properties, locate new spaces for their assets, and locate new areas for their client’s businesses.

Now, we have to consider several factors to elaborate on other differences. What skill sets do they possess first, for instance? What kind of transactions do they handle, what sort of property do they deal with, etc.?

Properties’ nature

One of the vital factors is the type of property. It covers topics like the number of housing units, the kind of building, the size, etc. You might need a commercial property agent when you want to buy or sell a property with more than four properties. Such transactions require commercial real estate loans, with stringent requirements and technicalities that may be challenging for a residential agent to complete. On the other hand, residential agents can complete transactions that do not require extensive 

residential agents to complete. On the other hand, residential agents can complete transactions that do not require extensive commercial knowledge. 

Skillset

Let’s start with the most fundamental factor in deciding if a residential agent can sell commercial property. Both residential and commercial agents must have specific skills to sell a property. Agents are expected to have perseverance, bravery, and strong communication skills. However, selling commercial properties necessitates a thorough knowledge of economic principles. Commercial agents work with properties that require them to understand concepts that residential agents might become familiar with, such as gross rent multiplier, cap rate, internal rate return, etc. However, commercial transactions may be made when residential agents are skilled in aspects of commercial property. Consider a residential agent with extensive knowledge of rent rolls, caps, and internal rates. They’re in a position to conduct business thanks to these skill sets. 

Partnership 

A residential real estate agent can sell commercial property by collaborating with a commercial agent. In addition to helping the client get the best rates, working with a commercial agent offers independent analysis. 

Databases create an issue for qualified residential agents. Most commercial businesses maintain a database of available lease spaces. A residential agent may not, thus, have access to these “private” lease spaces. 

Conclusion 

Agents who specialize in residential sales may also be able to sell commercial properties in some circumstances. Nevertheless, depending on the type of property you are dealing with, it is advisable to select a knowledgeable agent. Choose a residential agent if the property is for personal use; commercial agents are better suited for dealing with commercial real estate. Working with an expert gives you value for money and service. 

THE FUTURE OF INDIAN REAL ESTATE BY 2040

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Why Real Estate Investment in India is the Most Profitable Option?

A short look at the Real Estate Industry:

The word “Real” is the Latin root rex, which means “royal”. Earlier, kings used to own all the land in their kingdoms. Therefore, the most globally acknowledged sector all over the world is the real sector. If we know real estate in terms of business, it means the game of producing, buying, and selling property. According to the economic sector, the construction of industry ranks third among the 14 major sectors. The future of Indian real estate by 2040, the market will grow to Rs. 65,000 crores (US$ 9.30 billion) from Rs. 12,000 crores (US$ 1.72 billion) in 2019.

After the agriculture sector, the real estate sector is the second-highest employment generator in India. Also, this sector will sustain non-resident Indian (NRI) investment for the short and the long term. Bengaluru is the top city and is the most recommended property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun. PropertyWala.com evaluates the future of Indian real estate by 2040.

The Market size of the future of the Indian Real Estate Industry by 2040:

This sector is about to reach US$ 1 trillion in market size by 2030, up from US$ 200 billion in 2021 in India. It contributes 13% to the country’s GDP (Gross Domestic Product) by 2025. India’s growing infrastructure is much needed to grow as retail, hospitality, and commercial real estate are also growing significantly. Within a year, India’s real estate sector saw over 1,700 acres of land deals in the top 7 cities. In the commercial real estate sector, foreign investment was at US$ 10.3 billion from 2017-21.

Indian firms are estimated to boost >Rs.3.5 trillion (US$ 48 billion), according to the report of ICRA (Investment Information and Credit Rating Agency of India Limited). It is through infrastructure and real estate investment trusts in 2022. The Savills India report said that the real estate demand for data centers is to increase by 15-18 MSF in the year 2025 whereas in 2021 around 40 MSF has been delivered in India. Now, it assumes that the country will have a 40% market share within 2-3 years whereas India is looking to deliver 46 MSF in 2022.

Conclusion:

In India, a total of 55,907 new housing units were sold in the 8 micro markets between July 2021-September 2021, which means there is 59% growth year over year, whereas, in the third quarter of July-September 2021, new housing supply stood at ~65,211 units, an increase by 228% YoY across the top 8 cities when its compared with ~19,865 units which launched in the third quarter of 2020. The commercial space is to record increasing investments in 2021-22 when it comes to commercial space in Gurugram.

 According to the Economic Times Housing Finance Summit report:

Almost, 3 houses are raised per 1,000 people per year as compared to the construction rate of 5 houses per 1,000 people. The current shortage of housing in urban areas is said to be ~10 million units. Hence, 25 million units of housing are vital by 2030. This is to meet the growth in the country’s urban population.

East and Southern Bangalore to witness high demands

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Interestingly, the biggest coincidence that can be seen in all metro cities is the fact that in all of these, the southern part of the city experience major development and is always considered as the posh regions. The new flats for sale in Bangalore, especially in the south region are most popularly seen in Kanakpura Road. These flats are mostly in demand by the young professionals working here. However, the demand is not so great here when it comes to 3BHK Flats. The basic demand seen for 3BHK Flats in Southern Bangalore is seen in Whitefield and Electronic city. Southern Bangalore was the first part of the city which was established and is thus the most developed and has reached its saturation. The reason people tend to favour this place is the amazing connectivity with the electronic city via NICE Ring road. The infrastructure is well developed and has high growth potential in terms of real estate if you are looking to buy a property in Bangalore. The area has close proximity to office areas and offers and chilled out the environment.

Also, the east of Bangalore also experiences high demands in residential apartments. The areas like Brookefield, CV Raman Nagar, ITPL, KR Puram and Whitefield offers a lot of 2BHK Apartments which are ideal for you and your family’s needs. These flats are mostly preferred by high-end individuals, mostly the people working in the vicinity. Thus, both these areas are ideal for you if you need to settle in Bangalore with a lavish upfront.

Affordable Housing, a priority for real estate

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With an aim to achieve housing for all by 2020 and thus planning new flats in Delhi/NCR till 2022, finance minister on January 1 had stated that the affordable housing schemes will be given infrastructural status which will be a great deal for builders like Ashiana, Housing, Puravankara. This move will dip the costs for the builders and developers and attract most and more investors.

It would also mean a great hike in demand for loans which would be a step in the forward direction for housing finance companies like Gruh Finance, as well as Repco Home Finance.

“Infrastructure status to the affordable housing segment especially to Noida real estate will mean lower loan costs for the sector and thus aims at the margin issues that private players in this segment face,” said Nidhi Seksaria, Advisory Partner & Leader – Real Estate, BDO India LLP.

“The combined with interest subventions, this could be a big step in making apartments for sale in Noida more affordable,” he said.

Ashiana Housing was already trading 15 percent higher at Rs 163. On the other hand, Puravankara was up by 3 percent. The housing finance companies, Gruh Finance was already up by 1.4 percent while Repco Home Finance was up nearly 2 percent.
To achieve the targets set by the government in the affordable housing sector, the builder tends to increase their number of apartments with a certain decrease in amenities which consequence into lower costs. The competition has increased in the past quarter and thousand of new flats for sale in Noida are being constructed and ready for you to live in.

Ban on registering the Unapproved plots in Tamil Nadu

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The banning on the registration of plots which are still unapproved is back in Tamil Nadu with full force. The Madras Court on Friday clearly ordered to restrain all registrations of plots which are still not approved or those who apply for the re-registration with pending layout approvals. The law has been confirmed for the next three weeks and till no further notice comes.
Adding to the ban, the Justice M Sundar and the Chief Justice Indira Banerjee asked for all the details of the applicants of registration with unapproved plots in the violation of the court dated as on September 9, 2016, ban order.
The legal justice has stated that the decision for these issues will be taken after a special sitting which will be organised either on May 4 or on May 5.
The law has turned sour after the case that held on September 9, 2016, when the Chief Justice Kishan Kaul rapidly approved all the registrations of the plots which were still not approved or of those who tried to convert farmlands into housing plots without following the rules and regulations. Also, the bench held responsible all the officials who were personally liable for the violation of rules and regulations.

Why Attapur deserves your Investment

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In the city of Hyderabad, Attapur is now developing as a new suburb which is an ideal location for the residential complexes now. The main reason behind this is the presence of several different colleges which makes it an ideal location for the students to live in. It is also really close to Jawahar Nagar, the educational hub of Hyderabad. Not only the students but the people who work in the IT Hub of Hitec City also prefer this place as it is in close proximity given the excellent transportation and the development of roads. The fact that Attapur provides people with a lot of housing options that too in affordably large sizes, make the residents travel 10km each day to and fro for their work.
Many people say that Attapur is the centre of their work and other public infrastructure needed by them. The location is in close proximity to their offices, their children’s schools, Airport, Koti and Secundrabad. The main purpose of each and every resident is solved because of this and people find no problem in travelling a few kms for every work present in equal distances.
When it comes to water and transport, the PVNR Expressway connected to the outer ring road makes it really easy for the people to commute.

Demands in Bangalore West take a major hike

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The increasing commercial demand in the vicinity of West Bangalore is asking the residential sector to grow and lead the city to a better place.
The Mumbai-Bangalore Industrial Corridor, Greater Peenya Industrial Area, proposed Peripheral Ring Road (PRR) Metro Rail connectivity, Dabaspet Industrial Area, integrated townships along the NICE corridor, all these factors make the west of the city an investment destination. The plots in Bangalore in this region is owned by automotive parts, manufacturing, electrical, electroplating, pharmaceutical, chemical, electronics, building materials, aerospace components, garments, castings, forgings, foundries, and scientific instruments industries.
The whole area is well connected to the plunged road built over Peenya international airport, in the Mysore road. It is also connected to NICE corridor as well as the metro rail network.The well established and renowned market of Yeshwanthpur having a micro market with healthcare, retail and other public infrastructure gives a major push to people to come and live here.
Shrinivas Rao, CEO of APAC, Vestian Global services stated that the major factors that increase the rates of property in Bangalore are the presence of economic complexes and industrial sectors with the perfect physical infrastructure and amazing connectivity with all public convenience nearby. It has been noted that after 2008 this western area of Bangalore was influenced by a major hike in IT and ITeS companies which came and set up their base here. These industrial areas included Kumbalgodu and Bidadi which resulted in their nearby localities like Kengeri to become a popular residential choice for those who are employed in this area or the vicinity. According to reports and databases, Kumbalgodu Industrial Area, Bidadi Industrial Area and Global village IT park, together holds a total number of 80,000 employees. Also, after the rapid metro connectivity in this region, it has become very easy for people to travel and save their working hours. With all these factors in hand, the fact that region is well connected to the NICE Road, Outer Ring Road and Tumkur Road gives the place an additional advantage to grow more property in Bangalore west.
Currently, 79854604-lake_6the development that is being done in this region comprises of apartment projects and plots in Bangalore West. The Kengari residential sectors incorporate a large scale of apartment projects and townships in the mid segment value people. It is thus expected that the annual residential sale growth in this region is 6-8 percent while the rental yeild will be 4 percent.

A good news for Bangalore real estate

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Stop worrying more about investing in a building or a land or any property in Bangalore specially those which are close to lakebeds.
The properties owned by builders near these lakebeds were told not to construct their builders as the National Green Tribunal, in an passed order on May 2016 clearly increased the buffer zone of the lakebeds from 30 metres to 75 metres and announced that no construction will be done around the 75 metres zone of the lakebeds. However, now the BBMP has given out a sigh of happiness. They have clarified that those projects which recieved their contrsution approval before May 2016 can resume their construction. These will be only applicable to those who got licened before the NGT order arrived.

BBmp recently issued a circular on 30th March 2017 which came out with the green signal for the buiilders. Commissioner N Manjunath Prasad ordered that the NGT directive will be now not be applicable for site and properties which already secured their plan before the Green Court came out with their new orders and restrictions. This implementation sent to all eight zonal heads has brought out a relief to the real estate sector and is expected to grow the market as well with the increased rates in such locations.

Now the builders are excited and are offering new deals in their flats in Bangalore lakebeds. These areas are now more costlier than ever. The serenity of the lakebeds of Bangalore has always been an ideal place for all the segments of the society and is much desired specially by old people who plan on living their old age in a wonderful environment as same.
Not only flats, but some builders are now planning on moving to lake house projects. They are now applying for permissions for their beautiful projects from the NGT and are expecting great revenues for the real estate market.

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5 reason you should buy a property in Noida

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After the utterly clumsy place of the capital region of India, Delhi and the densely overcrowded place for offices, Gurugram people are quite as well left with a choice of Noida. This is the reason that the residential sector of Noida Real estate is highly increasing since the past two decades. Noida is considered as a cheap and easy city to live in provided its easy connectivity to Delhi, Faridabad, Agra, and Haryana.
Noida has been considered as the most affordable place to live in given the high number of affordable flats here. There are many reasons that add to the fact but if we want to name a few we can easily do so by guiding the basic points.
The first one can be the extremely well maintained and thoughtfully built infrastructure. The infrastructure that has built the city is the basic reason for more and more citizens coming here. The excellent infrastructure makes it capable of being the next best thing in the world. The availability of lands for residential, commercial as well as infrastructural facilities is something that makes it top the list leaving Delhi and Mumbai behind.
Second reason is the reputed faces of developers who are eyeing in this place to make their new launches. Builders like Supertech, Unitech, Ansal, Emaar, MGF and now Godrej has made their new launches in Noida and Greater Noida. These flats suffice all the segments of the society and promise to be affordable with the availability of luxury.
Third and the most important reason that helps people to relax and invest in these lands is new rules against Forgery. New and quick rules have now been applied to the forgery cases of land. Earlier, the land disrupts were handled by the court’s jurisdiction which always tends to stretch such cases to a number of years, but now a sigh of relief has approached when all these cases are being handed over to the stamps jurisdiction.
The fourth best reason would be the easy connectivity of Noida to other regions like Delhi, Ghaziabad, Gurgaon, Agra. The major plus point Noida has is the rapid availability of Metro from Delhi to Noida. Also, the ongoing construction of Metro from Delhi till Greater Noida via Noida will add a golden point to all these and make it more convenient for those who travel till Greater Noida and will also decrease the traffic on roads.
The fifth point is for those who have a property in Noida or are living on rent flats in Noida. The major availability of marketplaces throughout Noida makes it very easy and accessible to live here.

New residential projects in North Bangalore

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With the high increase in commercial activity in North Banglore region, the demand for residential sector also gets affected. New residential projects are being launched in this area which comprises of both apartments and Luxuroy homes (villas).

Bengaluru provides flats for sale in affordabe prices. The development in this area offers residential spaces for all three budgets; premium, mid range and luxury. Areas like Thanisandra, Yelahanka Doddaballapur, location near airport offers mig segment housing to its buyrers whereas, for luxury living one has to look for available in and arond Hennur Road, Kogilu, and some parts of Thanisandra.
New flats for sale in Hebbal-Yelahanka stretch of Bellary Road, which includes Hebbal and RMV II Stage has luxury apartments in the price range of Rs 8,000-12,000 per sqft. The areas situated beyond Devanahalli till Doddaballapur is very popular as it comprises of a large variety of high-end villa projects and also, plot development projects. The price here ranges between Rs 6,800-12,000 per sqft accumuating an area range of 2,500-7000sqft.
Meanwhile, the plot development projects in this area ranges from Rs 2,150 to 4,000 per sqft. Plots as well as luxury flats in this region are mostly preffered by high net worth individuals and investors due to their ability to serve as good holiday or retirement second home options. Apartments towards Nandi Hills Road are looked at with a keen eye as they range between Rs 7,300-10,00 per sqft. Vijayoura has new flats for sale ranging between 4,500-5,050.

Increasing residential demand in the Silicon Valley of India, Whitefield

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As it is known that there is a large workforce employed in the area of Whitefield, and preferring to live in the vicinity, is increasing up the demands for residential options here for the comfort of the employees.
Once known as a secluded area of Bangalore to the Silicon Valley of India, Whitefield’s story was shaped primarily by the IT Hub revolution that changed the sleepy landscape with Asia’s first tech park which rose up in 1994.
The excellent development that took place in Whitefield and the EPIP zone have seen over the years seems like a page of a fictional book with a perfect ending. Mammoth towers in glass and chrome stand tall amidst natural greenery which has been long preserved by the developers of these MNC acquiring most of the Bangalore properties especially in Whitefield. Many hitherto heavy manufacturing factories have given a big hand to making this a wonderful place with a lot of infrastructural possibilities and residential flats in Bangalore.
It is no wonder that after all these factors these localities in the vicinity of these ultra facilitated tech parks have largely begun to mushroom into elite gated communities of residential buildings. Villas the high priority choice by the people who want to live here and work in these high-end vicinity of business parks.
While the ITPB has singularly driven the demand for residential property options in its vicinity, the other tech parks and business parks in the EPIP zone too have drawn a high demand for housing options ranging from mid-segment apartments and high-end homes enclosed within well-appointed gated enclaves, to villas and plots.
A member of the committee, Jain has stated that Whitefield, Electronics City, and the EPIP zone was a major initiative taken by the government to create the place into something better which eventually turned out to be called as the Silicon Valley of India with a number of reputed Multi Nationals setting up their base here. This is also increased the demand for high-end flats and villas by the people who come here every year from all over the country to earn their lavish living.

Where to buy your house in Bangalore?

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Like every other place, Bangalore also hit itself hard with demonetisation. This deeply effected the realty sector which consequenced in the announcements on Akrama Sakrama Scheme, National Green Tribunal’s drive to reduce the lake beds in the city. However, this is now beginning to change with the initial dust of demonetisation finally settling down. With the Union Budget Announcement, which extended a big hand to support the affordable housing, the demands have increased yet again.

Bangalore is reported as the third largest hub for High Net Worth Individuals which increases the demands for luxury housing in the form of apartments or plots in Bangalore. As the southern and eastern zones of Bangalore are popular for their commercial complexes and workplaces, major residential demands are fed by these areas.

With a 4% increase of ready to move in demands, a data was collected about where should buy their properties according to the budget.

For those who wish to manage a housing within 40lakhs have a number of options to choose from sppecially in the IT hubs such as electronic city. 1bhk Flats falls the most popular under this category. Amonsgt married couples who choose to live in the city regarding work, opt for a 2bhk house in Electronic City, Whitefield or Bannerghatta Road.

The residential demand in these areas are the highest and always dominate the popularity charts with a perfect capture of 40% of the total demands.

Apart from this, the Bangalore real estate is not keeping the 3BHK Flats and private villas aside and are launching new apartments under the category of 60lakh to 1 crore in areas like Hennur which have large scale infrastructure, easy connect with outer ring road and the international airport. Apart from Hennur, Kanakpura Road and Hebbal are also set with their ready to move in flats to meet the expectations of investors who desire luxury laced with tranquility.

Now for those entrepreneurs who does not wish to compromise on their lavish living and royalty, Bangalore is providing them plots and private villas in the range of Rs 1 Crore- 2 crore in areas such as Sarjarpur Road and Arekere. These have recently turned out to be a royal investing for the rich entrepreneurs which are mostly HNIs.

Office Space Demand to Increase in 2013: DTZ

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Global real estate advisor DTZ reported that this year the demand for office space is likely to increase. Office space demand will be more this year, the report added.

Office space demand to grow this year.

Office space demand to grow this year.

As per the reports of DTZ, nearly 30.5 million sq. ft. of office space will be demanded this year. Comparing to the last year’s office space demand, this year it will be more and far better.

Global economy has started picking up after the downturn. This will boost the office space absorption this year. Additionally other factors such as increase of foreign direct investment (FDI) in the retail sector also will have impact on office space demand of the current year.

Along with the 51% of FDI, the revised repo rates of Reserve Bank of India (RBI) too will boost the demand for office space. The market sentiment has resulted and the economy looks stronger now.

Anshul Jain, DTZ India CEO, said that the fears over the global financial crisis have started fading, resulting in improved market sentiment. Continue reading →

Commercial realty hit by weak office space absorption

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Data provided by DTZ and Cushman & Wakefield show that there has been a steady decline in the rate of office space absorption by IT firms. This has affected the commercial realty, the report added.

Lowered IT demand affects commercial realty sector.

Lowered IT demand affects commercial realty sector.

Commercial realty sector is hit by lowered office space absorption by IT companies. Tracking the office space absorption in top eight cities of India, property consultants C&W and DTZ have reported that the rate of office space absorption has been falling in top cities of India.

Last year, 29.05 million sq. ft. of office space was absorbed. This figure shows a 23% decline in the rate of office space absorption compared to the previous year.

The contribution of the IT sector was a mere 44% last year. On the other hand the information technology sector had contributed over 64% of total office space absorption. This slowdown of IT segment affects commercial realty sector adversely. Continue reading →

Foreign retailers to drive the demand for office space

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The demand for office space will be driven by the foreign retailers who now plan to expand their stores in India.

The expansion plan of the foreign retailers will boost the demand for office space in India.

The expansion plan of the foreign retailers like Starbucks, will boost the demand for office space in India.

Office space will be more demanded in the major cities where the foreign retailers plan to expand their offices. According to the market intelligence report there are many foreign retailers who will drive the demand for office space with their expansion policies.

Gron Stockholm, Hamleys, Hennes and Mauritz (H&M), Lacoste and Starbucks are a few among the many foreign retailers who set to expand and establish their business empire in India.

However their expansion plan will boost the office space absorption in the major and top cities. Continue reading →

Real Estate Witnesses Stable Office Space Demand in Pune

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Real estate witnesses stable office space demand in Pune. Most of the city- areas remained stable while some other areas showed slight rise in office space demand.

office space demand

Stable office space demand.

Demand for office space remains almost stable in Pune, reports real estate experts of India. Comparatively larger share of office space is    demanded by IT and ITES, (information technology and other information technology enabled services ), the real estate experts added further.

Continue reading →

Motilal Oswal to Launch Residential Real Estate Fund

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Private Equity Raises Fund

Private Equity Raises Fund

Despite the adverse wind Private Equity (PE) still in the real estate business. Though most of the PE firms reported to exit from the real estate field, some are still very active in the real estate business. Residential real estate oriented fund Raised by Motilal Oswal is such an example for this. Motilal Oswal, an India-focused PE firm reported that they were planning to raise an amount of Residential real estate fund of  500-Crore. Continue reading →

Real Estate Township Projects Sees Light Again in W.B.

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townships see light again

townships see light again after 6 months in W.B.

West Bengal government plans to allow the real estate builders to resume their construction works which have been barred for last six months. Earlier the West Bengal government had prevented West Bengal real estate builders from building townships in West Bengal. Continue reading →

Growing Service Sector Enhances Commercial Real Estate

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Commercial Sector Boom

Commercial Sector Booms with Service Sector Growth

Growing service sector of India drive the demand for commercial real estate. Real estate research firms reported that Service sector of India showed a greater pace of growth rate of 8.5%. This will result in the increased demand for more commercial real estate space.  In 2011 service sector occupied 70 % of office space and this is likely to be increased this year. Continue reading →

US Ratings Downgrade, Will Interest Rates Come Down.

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How will the US rating downgrading from AAA to AA+ impact the real estate sector? Will it have a long-term or an immediate impact? What’s going to be hit, residential or commercial real estate sector?

The good news is that the interest rates might come down in residential segment whereas commercial real estate sector will be hit and the reduction will take place in office space. This is the first time something like this had happened and it is difficult to predict the consequences. It has created uncertainty in the global market and extreme instability across asset classes.

There could be some positives for emerging markets such as India, with the cut of prices of oil and other commodities, inflation too can be controlled adding to it interest rate should come down. Overall, impact on real estate in India could be positive.

The money that pours in will be further used to further for residential development as we already have reasonable capacity for commercial development that still needs to be absorbed. However, in the long run, the commercial property sector take-up maybe an issue, from the demand side from IT/ITeS sector which are closely linked with the USA.

Increasing demand of commercial real estate projects

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As the phase of recession is towards its end, an increase in demand of commercial real estate projects, including both office and retail space has been witnessed by firms and retailers.

The executive director for development services at consultants Cushman and Wakefield India, Ravi Ahuja said that in many cities including Mumbai and Delhi-National Capital Region (NCR), the commercial space leased out or sold by the firms is about 9.2 million sq. ft within just a time span of three months, while the space leased and sold during April-June 2009 was just 5.8 million sq. ft.

Last year, the retail space available was 6.3 million sq. ft. However, this year,  some 16.4 million sq. ft of retail space is expected to be available. Consultant Jones Lang LaSalle Inc. has predicted 8.9 million sq. ft will be absorbed this year, compared with 4 million sq. ft in 2009.

Developer such as Assotech Ltd, Wave Inc. Anant Raj Industries Ltd and BPTP India Ltd and have also reported improving property demand.

Indian Commercial Realty Market Achieving Stability

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Pinecrest Real Estate Market Report 2009
Real Estate Intelligence Services (REIS) which is a division of Jones Lang LaSalle Meghraj released a report which said that stability in the commercial real estate market of India is observed with the economic recovery of India.

According to the report, although in 2010, the landscape will be beneficial for tenents, but in 2011, influence of landlords will be higher. It implies that since the office rents are beginning to hit the ground, in the coming term, they should be proactively looking to lock in attractive leases.

Abhishek Kiran Gupta, the Associate Director JLLM said in the report that the Indian commercial realty market is about to attain stability with the well going economic recovery of India.