Rustomjee Paramount, Khar

Rustomjee Paramount, Khar

NEW DELHI: India’s eight major cities saw launch of 1.32 lakh homes during January-September 2013, up by five per cent from the year-ago period, according to global real estate consultant Cushman & Wakefield.

These eight cities — Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR and Pune — had witnessed launch of 125,590 residential units during the corresponding period of 2012.

As many as 31,434 units were launched in affordable segment, while 75,529 and 24,032 homes were introduced in the middle-income and high-end segments, respectively. Nearly 1,100 luxury homes were also launched.

Read more: New home launches up by 5% in January-September: Cushman & Wakefield

Mumbai real estate units up 30% in H1 2013: Cushman & Wakefield study

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Mumbai witnessed the launch of approximately 18,000 real estate units during the first half of 2013; representing an increase of 30% compared to the first half of 2012. Of the total launches, 30% were witnessed in the western suburbs of Mumbai which had the highest share in new launches at locations like Andheri, Bandra, Malad and Goregaon. The prominent submarkets of South, South Central and Western suburbs prime witnessed substantial increase in capital values in the range of 17-24% over the past year due to low availabilities of quality ready apartments.

To know more: Mumbai real estate units up 30% in H1 2013: Cushman & Wakefield study

Mumbai Records A Rise of Buying In Realty Sector

Mumbai Records A Rise of Buying In Realty Sector

Mumbai, has recorded a rise of 16 % in the registration of properties in the year 2013, when compared to the data for the first six months of 2012. Reporting the figures for the same period in the year 2013. There has been a multifold increase in the number of properties being sanctioned in the first two quarters of this year as compared to the figures recorded during last year. Another prominent push for the growth in sales of homes has come from the easy and lucrative schemes offered by the developers. Schemes like the subvention plan has lured the home aspirers to cash upon easy payment options that requires not more than 20% of the net value of the property to be paid up-front.

To know more: Mumbai Records A Rise of Buying In Realty Sector

Real Estate Regulation and Development Bill 2013 a positive step

The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects.

While the industry welcomes the positive intent of the government, we believe that the momentum gained should be utilised to iron out some of the issues. This will not only help to unlock projects worth over Rs. 10,000 crore, but will also catalyze the economy with more vigour and vibrancy.”

Click here: Real Estate Regulation and Development Bill 2013 a positive step

Mumbai’s Premier Real Estate group

Rustomjee has carved a niche for itself in the real estate sector and is today synonymous with innovation, customer satisfaction, transparency and developing luxurious, affordable and value for money projects.

Rustomjee was amongst the first developers to tap the massive redevelopment opportunities in a space-starved Mumbai and has successfully redeveloped many properties thereby providing residents with better infrastructure and state-of-art facilities. They have transformed the homes of thousands of families who now live in homes equipped with better security, more living space, landscaped gardens, swimming pools and gymnasiums, padded play areas for children and libraries. Each of their redevelopment projects is tailored with amenities chosen to enhance the living standard of people for a lifetime.

For more information on Rustomjee’s projects, visit: http://rustomjee.com/

Afternoon: Consumer-Friendly Real Estate Bill To Come Up In Parliament

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The government is all set to introduce a buyer friendly real estate legislation which aims the consumers and bring transparency in the sector in the Monsoon Session of Parliament.

The Monsoon Session of Parliament will begin on August 5 and the Bill, after its introduction, is likely to be reffered to the Standing Committee of Parliament for examination.

DNA Property: Why is realty a preferred investment avenue?

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The trend of buying ‘second’ homes or weekend getaways in Mumbai’s peripheral areas and beyond has been gaining ground in recent years. With rising real estate prices in the prime areas, second home provides a good opportunity for investment.

Moreover, many second home destination have evolved and transformed into first home destinations, making the scope for returns on investment even higher.

DNA Property: Ground Realities of Real Estate

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Land for developing a second home is a segment that is gaining transparency. Transparency is a key factor when it comes to this segment and here, the industry has been making concerted efforts to raise the bar. Setting new benchmarks for the industry has been the key to the evolution and growth of this section of the market.

Location is equally important if one wishes to buy land to use in a retail venture or a manufacturing unit, since such ventures are dependent on the immediate access to a customer attachment and man power sources.

Mumbai top property choice for Indian expats based in UAE

Rustomjee Summit at Borivali (E)

Rustomjee Summit at Borivali (E)

Mumbai has been revealed as the favourite spot for Indian expats in the UAE to buy property, despite the city’s soaring home prices, according to a new survey.

Thirty one per cent of Indians in the UAE said that Mumbai was their preferred destination for property investment in India, the results of the Indian Property Show survey released yesterday revealed. About 14,000 Indian expats in the UAE participated in the survey.

“Despite being the ‘highly unaffordable’ place, even for the upper middle income group back home, Mumbai has become a top choice for non-resident Indians [NRIs] in the UAE for investment in the real estate sector,” said Sunil Jaiswal, the chief executive of Sumansa Exhibitions, which organises the Indian Property Show, to be held in Dubai this month. Home prices in Mumbai have increased by 66 per cent over the past four years, according to a recent report by Jones Lang LaSalle.

Read more: Mumbai top property choice for Indian expats based in UAE

For information on projects by Rustomjee, please visit: www.rustomjee.com

NDTV Profit: NRI guide to property investment in India

Rustomjee Paramount

Rustomjee Paramount

NRIs have always been opportunistic in terms of investment avenues and returns. The government regularly comes up with new schemes to attract more and more investments from abroad. Real estate is one of the sectors which always grabs the attention of non-residents.

The Reserve Bank of India has also given permission to all non-residents who possess Indian passports as well as people of Indian origin to put their money in the real estate sector (residential as well as commercial property). The number of NRIs investing in real estate is increasing fast as the value of the rupee is depreciating and real estate offers better returns. A place in the homeland usually gives a sentimental support and sense of security, which is the other reason of investment in real estate by NRIs.

Read more: NRI guide to property investment in India