The purpose of the MoU is to jointly enhance and promote the adoption of energy efficient and green homes concept in India. The MoU signed in presence of Arun Kumar Mishra, secretary of the Ministry of Housing and Urban Property Alleviation, was inked between chairman of IGBC Prem C Jain and NHB executive director Arnab Roy.
It is important to minimize costs for construction of low-income housing whilst balancing the amenities provided, while at the same time ensuring the safety and serviceability of the built structure during its lifecycle.
”For developers constructing in far-flung suburbs, the government must develop civic infrastructure and ensure better connectivity through roads and railways, as this will lead to an influx of people.” Said Abhishek Kapoor, CEO, Rustomjee Urbania.
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.
India offers a wide range of real estate options for various budgets, with improved quality and features of properties. Currently the larger cities like Mumbai are witnessing a slump in sales forcing the developers to offer good deals. “There is a possibility of two-fold benefits for the NRI investors – the current weakening of Indian rupee is expected to be short-lived phenomenon, and once the Rupee starts appreciating, the investor will get more dollars for the same investment in rupees. Secondly over the mid-long terms (three-five years), property prices in India will appreciate considerably, thus giving good returns to investments,” said Mr. Om Ahuja, CEO – Residential Services, Jones Lang LaSalle India.
From the second quarter of 2009 to the same quarter in 2013, residential real estate prices in Mumbai have increased by 66 per cent.
The past couple of years saw the city expanding towards the suburbs due to the soaring real estate prices, space crunch and increase in demand for housing. “For home buyers, turning to the suburbs of Mumbai and upcoming areas like Virar and Thane, is a more affordable bet. One should currently look at owning a house in the suburbs. Owing to improved infrastructure, prices are expected to appreciate further here in the long term,” says Percy Chowdhry, Director, Rustomjee
At the Real Asset Conference held in association with moneycontrol.com, on 19th March, Mr. Chinmay Gersappa, GM, Corporate & Residential Sales, Rustomjee spoke on the Real estate asset class, that was followed by a panel discussion with eminent personalities from the Real Estate industry.
About Rustomjee, Mr. Gersappa comments that it is a predominantly Mumbai based developer, the company’s expertise is residential development, although Rustomjee has also undertaken resi-commercial, retail, across all the regions, but have a strong focus on residential spaces.
The panel discussion was moderated by Mr. Santosh Nair – Editor, Moneycontrol.com and joined by experts like – Mr. VK Sharma – CEO, LIC Housing Finance, Mr. Neeraj Bansal – Director (Risk Consulting), KPMG, Mr. Balaji Raghavan – CEO, IndiaInfoline, Mr. Sanjeev Dasgupta – President, ICICI Ventures (Real Estate) and Mr. Abhishek Kapoor – CEO, Rustomjee Urbania.
The discussion covered varied topics on the Real estate industry, trends and the issues and opportunities in the real estate sector. The Real Asset panel discussion focused on serious issues like affordability, assured return schemes being offered by developers and key regulatory changes required that need to be tackled for smooth functioning of the real estate industry.
Watch the event videos here:
For information about our projects, visit: www.rustomjee.com
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.
For information on projects by Rustomjee, please visit: www.rustomjee.com
Want a house on rent? Visit an online property site which would help you rent a property without any middleman.
According to experts tracking the realty sector, sites such as Magicbricks.com, 99acres.com and makaan.com are fast-becoming the choice of consumers looking for renting a property, as such sites let them directly connect with the owner and save time and money. Besides rentals, these sites also offer primary sales (new apartments – under construction or ready to move in) and secondary sales of properties.
Though the share of online property sites in the overall property business in the country is still a miniscule one per cent, analysts expect this segment to grow to 15-20 per cent in a few years.
For information on projects undertaken by Rustomjee, please visit: www.rustomjee.com
MMRDA plans to decongest the business district of South Mumbai by substituting it with a planned commercial complex at BKC which is one of the best property investment in Mumbai.
Some of the leading builders have recognised the potential of BKC and is introducing apartment in Bandra which offer 3 Bhk Flats in Mumbai with state-of-the-art projects in the vicinity. They include Piramal Sunteck Realty, Rustomjee, Kalpataru and many more.
For information about Rustomjee, visit: www.rustomjee.com
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To acknowledge the extraordinary contributions and efforts of various real estate stakeholders in creating and delivering new benchmarks for excellence in the realty domain in the year gone by, Realty Plus, India’s leading real estate magazine from the exchange4media group, announced … Continue reading