at the very Core of it all … is Content!
The global capital and currency markets have been volatile for last the few months, also triggering serious turbulence in the rupee. Current account deficit and the fact that foreign institutional investors are selling heavily on the Indian bond market have been the key triggers for the rupee’s repeated depreciation. Factors such as negative export and …
The Real Estate Regulatory Bill 2013, which the Union Cabinet approved after a long hiatus in June 2013, was touted to be a game-changer for property buyers as well as the industry as a whole. The aim of the bill clearly was to provide buyers with a level playing field in an industry that is …
With the proposed Real Estate Regulatory Bill, where developer are expected to keep considerable portion of sales in escrow account for majority of construction period, finance cost for developers is expected to increase. This, along with increase in cost of construction and the already challenging economic scenario, is expected to affect profit margins of developers. …
Karan Khetan, Senior Analyst – Research & REIS, Jones Lang LaSalle India Many factors influence decisions about buying or leasing property. Real estate costs represent a significant business expense. Not only Fortune 500 companies but also mid and small-cap companies are undertaking portfolio reviews, because these impact any future own-versus-lease decision. Here are some key …
Pune, September 19, 2013: Rohan Builders (‘Rohan’), one of Pune’s leading residential developers with existing presence in Bangalore, has partnered with Avenue Venture Real Estate Fund (‘AVREF’) for development of a residential project in East Bangalore. As per the transaction, AVREF – a Mumbai-based domestic real estate fund – has invested approximately Rs. 55 crore …
Appointment Marks Full Circle For An Established Industry Expert CHENNAI, September 17, 2013: Jones Lang LaSalle India today announced the appointment of veteran South India real estate professional Sanjay Chugh as Head – Residential Services, Chennai & Bangalore. He will assume his duties from September 18, 2013. Sanjay has over 20 years of experience in …
Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India The Land Acquisition Bill, which the new Bill now supersedes, is a century-old law with many archaic elements and loopholes. The new Land Acquisition Bill essentially champions the cause of the marginalised section and puts in place many safeguards and checks. The Parliament has now …
Shobhit Agarwal, Managing Director – Capital Markets, Jones Lang LaSalle India The RBI has reacted sharply to the fact that a number of banks and housing finance companies are promoting home loan products such as the 80:20 or 75:25 schemes, which involve tripartite agreements involving lenders, developers and property buyers. The basis of this move …
Ramesh Nair, COO – Operations, Jones Lang LaSalle India With the development potential of Mumbai’s Western Suburbs almost fully exploited, we are witnessing increased momentum in new developments in the Eastern Suburbs where land parcels are still available and prices more affordable. As a result, the 16.8 kilometre-long Eastern Freeway that connects P. D’Mello Road …
Mayank Saksena, Managing Director – Land Services, Jones Lang LaSalle India: The newly revised Land Acquisition Bill is beneficial to land owners. The scope of minimum required approval has been increased to 80% of the affected families. This consent is mandatory only for private enterprises. Secondly, the Government’s role in land acquisition has been curtailed …