Call of the Orient… (7/24/2017) by NaharGroup - Bindu Gopal Rao Jul 21 2017, 0:25 IST An interesting way to do up homes is with an oriental theme. If you are wondering how, Bindu Gopal Rao offers help.   Asian-style interiors instantly evoke an image of serenity and calm. Asian interior decorating ideas are stylish, classy and elegant. Modern design trends inspired by Asian interiors offer a few beautiful ways to decorate your home, reflecting these influences in your living spaces. Asian-themed interiors accomplish this goal in inimitable style by ushering in harmony and balance. “To design your home based on an Asian theme, furniture should be placed Continue Reading
Maha mulls 1% rise in stamp duty o immovable property transactions (7/24/2017) by NaharGroup - SANJAY JOG | Thu, 20 Jul 2017-07:45am, DNA The bill is expected to move in the ensuing monsoon session of the state legislature beginning July 24.   Maharashtra government proposes 1% rise in stamp duty over and above the existing 5% in the form of acess or a surcharge on all transactions of immovable properties across the state. The government hopes to mop up additional Rs 500 crore in the current fiscal. The bill is expected to move in the ensuing monsoon session of the state legislature beginning July 24. Revenue department officer told DNA,'' The government is seriously mulling Continue Reading
Relief to builders (7/24/2017) by NaharGroup - Only 400 registered There are only 20 days left for the last date of registration for the project, but only 400 projects have been registered in entire Maharashtra. Although there are more than 10,000 builders in the state. The number of registered property agents has increased to 3500. By giving an opportunity to correct mistakes, builders will definitely get relief. - Shubika Bilkha, Head of Commerce, Real estate management institute . After initial difficulty, registration will take place till July 20. - Manju Yagnik, Vice President Nahar Group Neeraj.Tiwari @ timesgroup.com • Mumbai: Even though the date of registration in Continue Reading
Advantages of Real Estate Investment for Future Benefits (7/17/2017) by NaharGroup - Real estate investing is an investment strategy where an investor purchases property in order to earn a profit. In most cases, the investor either rent out the property, or improve on it in order to resell it at a higher cost than it was purchase for. Buying and owning a property is a lot more complicated than investing in equities and bonds. Unlike other investments, in real estate one can touch and feel the asset, and watch it appreciate over time. But like any investment, it’s better to be well-versed in the area before investing. Real estate industry in India is in the Continue Reading
Brick-by-Brick, a Home of Your Own (7/16/2017) by NaharGroup - Lalatendu Mishra MUMBAI, JULY 16, 2017 22:11 IST UPDATED: JULY 16, 2017 22:11 IST If you are young and earn a yearly salary of INR12-INR18 lakh, there is no better time to make your first buy Originally intended for providing a roof over the head of every urban poor, the subsidy scheme under Pradhan Mantri Awas Yojana (PMAY) Urban is likely to be a game changer as a large number of people from the middle class and youth are expected to benefit from it. Industry observers said that there was misconception that the subsidy scheme is only meant for economically weaker Continue Reading
Why GST won’t hurt (7/10/2017) by NaharGroup - As we enter H2CY17, the M&E industry is expected to meet the projected growth adex estimates, despite the spill over effects of de-monetization, RERA and lack of clarity in the implementation of GST. TEAM IMPACT If there is one thing that 2016 will be remembered for, it will be De-monetization. Similarly, it is likely that 2017 will go down in history as the year the Government introduced The Goods and Services Tax, or GST as it is popularly known, that came into effect on July 1. Looking back eight months ago, the M&E industry was growing at a healthy rate on Continue Reading
School arm kids with biz skills, fuel teen start-ups (7/8/2017) by NaharGroup - By Hemali Chhapia & Vinamrata Borwankar | Jul 08 2017 Gone are the days when bedtime meant settling down with Harry Potter. Frenzied all-nighters spent on the frontlines of innovation and debating cash flow versus outgoings have now taken over story hour. School start-ups are putting teenagers in fast-forward mode. Making code words is giving way to computer coding, summer camps have been lost to hosting bazaars, incubators are up alongside phonetics labs, and negotiation classes start in elementary school. This June, Columbia Business School travelled across Indian schools to hold global entrepreneurship courses at Oakridge International School, Hyderabad, Ecole Mondiale World Continue Reading
Can NRI’s Rely Solely on the Internet for their Property Purchase? (7/3/2017) by NaharGroup - BY RAVI SINHA JULY 3, 2017 While the online medium may be a good place for an NRI to begin his property search, one cannot completely rely on such information alone. We examine the other factors that NRI buyers should consider, before finalising a deal. Non-resident Indians (NRIs) may often find it impractical to physically come and see a property, while scouting for one, even if they have a keen interest in the Indian property market. Hence, developers are now increasing their online presence. From digital advertising and other connected platforms, to offering virtual tours of the property, developers are leaving no Continue Reading
Risk and advantages associated with investing in phase 2, phase 3 or phase 4 of a project (6/27/2017) by NaharGroup - There are a lot of apprehensions a potential home buyer goes through before investing in a property. In-fact buying and owning a property is a lot more complicated than investing in equities and bonds. But like any investment, it's better to be well-versed in the area before investing. However, in order to take full advantage of any opportunity, home buyers need to empower themselves with information to guide them on how to make the best possible investment decision. It is important to evaluate the credibility of a project as well as a developer to ensure that the money invested remains Continue Reading
Impact of GST on Real Estate Sector (6/23/2017) by NaharGroup - By  Sukhraj B Nahar, Chairman and Managing Director, Nahar Group  June 23, 2017 After several reform initiatives like Housing for All and Real Estate (Regulation and Development) Act (RERA), the next thing that real estate is looking forward to is the Goods and Services Tax (GST). Set to be implemented on July 1, 2017, GST has prescribed different rates for various goods and services, which may impact their cost. A homebuyer, henceforth, will have to pay 12 percent GST to purchase an under-construction house. A single tax structure is definitely a welcome move. While the impact of GST on various Continue Reading
International Yoga Day (6/20/2017) by NaharGroup - What is Yoga? Some many think Yoga is just a physical exercise to lose weight, where you twist and turn and bend and breathe in the most complex ways, but Yoga is about unfolding the infinite potentials of the human mind and soul through various asanas and breathing methods. Yoga is more than 10,000 years old ancient Indian technique for the mental, physical and spiritual well-being. The word Yoga, derives from Sanskrit, symbolizes the blending of body and consciousness. By performing these disciplined yoga postures and breathing techniques, one can strengthen the body, calm once mind, regain focus and improve Continue Reading
Can Mumbai Turn into a Global Financial & Business Destination ? (6/20/2017) by NaharGroup - By Track2Realty | Thursday, June 15, 2017 News Point: The plans are to transform Mumbai into Global financial destination Mumbai has been the undisputed financial capital of India. The emergence of other business destinations, like Bangalore, Gurgaon or Pune could not take the sheen out of the city, even in the wake of infrastructure deficit and other urban problems plaguing the peninsular city. Now the Mumbai city is poised to elevate itself to the next level of business destination. The MMRDA (Mumbai Metropolitan Regional Development Authority) plans to make Mumbai a major global financial hub. The MMRDA has announced that Continue Reading
When you’re a late buyer… (6/20/2017) by NaharGroup - By Ms. Manju Yagnik, Vice-chairperson, Nahar Group | Jun 20, 2017 There are a lot of apprehensions a potential home buyer goes through before investing in a property. In fact, buying and owning a property is a lot more complicated than investing in equities and bonds. But, like any other investment, it’s better to be well-versed in the area before investing. However, in order to take full advantage of any opportunity, home buyers need to equip themselves with information that will guide them on how to make the best possible investment decision. It is important to evaluate the credibility of a project Continue Reading
New Government Laws / Regulations in Indian Real Estate Sectors & Investment (6/14/2017) by NaharGroup - The real estate sector is continuously in the news this year, with Government of India announcing various new policies and initiatives to help organize the industry and help it grow diversely.  Real Estate (Regulation and Development) Act 2016 and the amendment to the Benami Transactions Act were announced but most talked about was demonetisation of INR 500 and INR 1000 currency note, which had an impact on real estate transactions. In the year 2016 and 2017, there were few important policy decisions government announced as below: The Real Estate (Regulation and Development) Act, 2016 RERA is implemented protect the interest Continue Reading
A STEP TOWARDS REVIVAL (6/13/2017) by NaharGroup - By Vibha Singh, Jun 10 2017 : The Times of India (Mumbai) The Brihanmumbai Municipal Corporation (BMC) is expected to reduce a few charges and penalties that have been levied upon the builders to counter the slowdown in the real estate sector. In a bid to tackle the prolonged slowdown in the real estate sector of Mumbai, the Brihanmumbai Municipal Corporation (BMC) is expected to reduce some charges and penalties levied upon the builders. This move is expected to bring some relief to the developers, who have been burdened with exponential charges and premiums in the last five years.In a Continue Reading
Realty on a Positive Pitch (6/10/2017) by admin - By Tribuneindia, Jun 10, 2017 Sukhraj Nahar, Chairman and Managing Director, Nahar Group - Real Estate Builders. The stage is set for GST roll out from July 1, 2017. As the impact of GST on various related sectors and goods is now known, industry experts are still divided over how it will impact the real estate sector as clarity on the tax slabs for services is still awaited. A homebuyer henceforth will have to pay 12 per cent GST to purchase an under-construction house. If we look at the pre-GST tax scenario, then it is clear that the realty sector is Continue Reading
Changing with the Times – Kolshet Road (6/10/2017) by NaharGroup - by Hindustan Times | 10 Jun 2017 Mumbai TRANSFORMATION Known as an economic hub earlier, Kolshet Road is emerging as one of the fastest­ developing residential locations, attracting end­users and investors. Kolshet Road in Thane is consistently growing as a residential destination. It not only offers a status quo to its residents owing to its strategic location near the much-preferred Ghodbunder Road, but also yields healthy returns in both the capital and rental markets. Its seamless connectivity and infrastructure add to the prospects of investment from both end-users and investors. Commenting on Kolshet’s Road journey towards becoming a prime residential Continue Reading
Meet the invisible armies that run Mumbai’s luxury housing complexes (6/6/2017) by NaharGroup - By Lavina Mulchandani | Jun 06, 2017 It takes a 24x7 maintenance crew to keep things going, when the frills that come with a flat include a boating pond, mural garden, Bollywood-themed ‘studios’. At Neelkanth Woods in Thane, the clubhouse is managed by a team with five­-star hotel experience. Like any Bollywood movie, Punit Agarwal’s residential project in Palghar came with a twist. The CEO and MD of Nirvana Realty had constructed Wollywood, a Bollywood-themed housing complex, in Wada. The place had a film studio, a library of Bollywood films, a lake for boating, an amphitheatre and a temple much like Continue Reading
Green development policies contradictory (6/5/2017) by NaharGroup - By: Ravi Sinha | Monday, June 5 News Point: While the policy makers in India insist the need for green development, various government agencies contradict each other on the same. Urban habitation at the cost of environmental concerns have globally been debated and contested. In India the environmental concerns have often stalled big-ticket infrastructure projects and the government also vows its commitment to encourage the eco friendly and sustainable developments. However, some recent decisions have exposed the gap between the lip service of the policy makers and their commitment to the cause of eco friendly and sustainable developments. A reality check Continue Reading
मुंबई में घर का सपना महंगा (5/31/2017) by NaharGroup - •मुंबई: क्या जीएसटी(गुड्स व सर्विसेज टैक्स) के लागू होने के बाद आपके लिए घर खरीदना सस्ता होगा/ क्या कॉस्ट ऑफ कंस्ट्रक्शन कम होने का फायदा बिल्डर्स अपने ग्राहकों को देंगे/ एेसे कई सवाल हैं, जो जीएसटी की दरें घोषित होने के बाद उठ रहे हैं। अगर नैशनल रियल इस्टेट डिवेलपमेंट काउंसिल(नेरेडको) के वाइस प्रेजिडेंट अशोक मोहनानी की मानें तो अर्फोडेबल हाउसिंग सेगमेंट में कीमतों में 3-4 पर्सेंट की कटौती होगी। लिबरल क्रेडिट सिस्टम वहीं केयर रेटिंग की रिपोर्ट के अनुसार रियल इस्टेट की प्राइसेस में नहीं के बराबर असर आएगा। रिपोर्ट के अनुसार टैक्स रिबेट पाने के लिए डिवेलपर्स कैश Continue Reading
Why is manufactured sand becoming a popular option in the construction industry? (5/31/2017) by NaharGroup - By Shradha Goyal | May 31, 2017 Scarcity and rising prices of river sand have led to a gradual shift in construction practices across the real estate industry. A popular alternative, manufactured sand has become a common raw material which is available at an affordable rate and is environment friendly too. The scarcity of the most rudimentary construction material – sand, has been a point of concern for realtors for a long time now. Recently, there were reports suggesting an increase of 300 percent in sand prices in the last one decade. The unprecedented hike in the cost of this raw Continue Reading
Lack of Affordable Housing: Need of the hour (5/30/2017) by NaharGroup - At present, it is not possible to buy a decent house in Mumbai with less than Rs 1 crore. However, affordable housing projects can change the situation in the near future. Like most major emerging economies in the world, India has been witnessing an accelerating shift in population from rural to urban areas. According to the 2011 census, for the first time since India’s independence in 1947, the absolute increase in population was more in urban areas than in rural areas. This shift is creating a larger requirement for housing and is increasing the pressure on the existing infrastructure in Continue Reading
How GST will impact real estate sector going forward (5/29/2017) by NaharGroup - Published: May 29, 2017 While the impact of GST on various sectors and goods is now known, industry experts are still divided over how GST will impact real estate going ahead as clarity on the tax slabs for services is still awaited.   Sukhraj Nahar They say ‘Change is the only constant’ but in order to succeed, change is not only constant but it is also inevitable. After many reforming initiations like “Housing for all” and RERA, the next thing that Real Estate along with all other sector is looking forward to is the Goods and Services Tax. GST is Continue Reading
Why Monsoons are the Best time to Invest in Property (5/29/2017) by NaharGroup - By Anuradha Ramamirtham, May 24, 2017 Summary: The article highlights how buyers can use Monsoon season to evalucate the pros and cons of a home location. The article quotes Ms Manju Yagnik, Vice Chairperson, Nahar group along with Shveta Jain, MD, Cushman & Wakefield and Dr.Anil Jindal, Chairman, SRS Group. Rather than avoiding site visits or the purchase of resale homes during monsoons, buyers can use this season to evaluate the pros and cons of a home’s location and construction quality and strike a good deal During the monsoon season, a real estate property and its surrounding areas, may be quite different Continue Reading
GST to Boost Real Estate Sector (5/29/2017) by NaharGroup - By Dominic Rebello On July 1, India will implement the Goods and Services Tax (GST). The real estate sector, which accounts for about 5% of India’s gross domestic product (GDP) and is considered the second-largest employer in the country, has welcomed the 12% slab on under-construction properties, as industry experts expect reduction in rates for home buyers, which in turn will lead to a greater demand for properties. “The 12% GST levied on finished products or works contract is a welcome move because of availability of input tax credit on products utilised for construction. The availability of credit for taxes Continue Reading
Developers in India hope for property boost from goods and services tax (5/28/2017) by NaharGroup - Rebecca Bundhun | May 28, 2017 India’s long-awaited goods and services tax (GST) could boost investment into the property sector and encourage non-resident Indians to buy homes in the market, developers say. GST, a uniform tax regime that is expected to replace the current convoluted system of differing taxes across 29 states, is expected to be rolled out on July 1. It is considered to be the biggest tax reform in India in decades. The rate unveiled for the property sector is 12 per cent for under-construction property. "GST will likely boost foreign investment and benefit the NRI [non-resident Indian] Continue Reading
AREA WATCH – CHEMBUR: A growth STORY (5/27/2017) by NaharGroup - May 27 2017 : The Times of India Chembur, over the years, has retained its ability to charm home-buyers by providing excellent connectivity, buyer friendly amenities and attractive price points, making it a sought-after residential destination Chembur has witnessed a lot of changes over the last few years. From under-construction properties to ready-to-move-in homes; and commercial units to recreational parks; this suburb has seen a rise in the interest from home-buyers, leading to massive development. CHEMBUR THEN AND NOW: Chembur is a highly polarised market where one can buy a house with varied price ranges. “All the properties near the Continue Reading
What will happen to property prices post GST? (5/24/2017) by NaharGroup - By Farozan Akhtar |May 24, 2017 With the announcement of tax slabs under GST, the real estate industry is abuzz with speculation. 99acres.com asks industry experts if the 12 percent tax proposed on works contract will trigger a revision in property prices. While the new tax structure has been called revolutionary owing to its plethora of benefits for the real estate sector, the biggest question on everybody’s minds is how Goods and Services Tax (GST) will impact property prices. The GST Council has assigned a tax rate of 12 percent to works contracts between property developers and service providers, which will have a Continue Reading
Lack of affordable housing in Mumbai (5/18/2017) by NaharGroup - Affordable housing is need of the hour. If we look at the current scenario, there is a huge demand for affordable Housing Projects in Mumbai city. India, like most major emerging economies, has been witnessing accelerating population shift from rural to urban areas. In fact, as per census 2011, for the first time since India’s independence, the absolute increase in population was more in urban areas than in rural areas. This shift is creating a larger requirement for housing and its mounting pressure on the existing infrastructure. If we do not address this, it will further aggravate the explosion of unplanned Continue Reading
Real estate has Nothing to complain (5/16/2017) by NaharGroup - By D Govardan  India’s real estate sector has the least to complain against three years of the Narendra Modi-led NDA government at the Centre. In this period, this government has introduced far more initiatives for the benefit of this sector, than ever done in the past. There have been a slew of measures, which include the Real Estate Regulation Act (Rera), implemented from May 1, 2017, changes to real estate investment trusts (Reit) and the Land Acquisition Act, offering infrastructure status to affordable housing and 3-4 per cent interest subvention schemes for low-income groups, in addition to the proposed Smart Continue Reading
RERA effect to shield cost-sensitive buyers, but lack of clarity worrying developers (5/9/2017) by NaharGroup - Vanita Akhaury  | Published Date: May 09, 2017 The real estate industry in India is metamorphosing into a tightly controlled and regulated segment with The Real Estate (Regulation and Development) Act (RERA) enactment. And RERA is going to have a dramatic effect on affordable housing segment, but over time. For now, it will definitely add steam to the affordable housing sector. As is seen, affordable housing is the tone everywhere in the country, people have purchased plots. And a number of India’s big developers have already moved into the affordable housing domain because of the massive market base it represents, Continue Reading
Policy Watch: A Time Tested Terrain (5/8/2017) by admin - Experts firmly believe that Pune is a unique city with potential to grow beyond one's imagination Trend shows that many realty markets quickly stepped into the saturation point after series of growth year but Pune is con tinuously growing and outperforming its own feats. Hence, experts firmly believe that this is a unique city that has potential to grow beyond one's imagination. Manju Yagnik, vice chairperson of Nahar Group, says, “With having many options in and around the city, investments in Pune realty market have seen a remarkable growth in recent years. While prices in other cities rose by two Continue Reading
India’s Real Estate law faces Resistance (5/8/2017) by admin - India’s property market has long been troubled by unscrupulous developers and weak regulations. So it is no wonder that a new real estate law, which came into effect on May 1, is being closely watched. The hope is that the Real Estate (Regulation And Development) Act (Rera) will wipe out many fly-by-night developers and give confidence to homebuyers and investors (including those from the UAE), and help revive property sales. And while real estate developers are scrambling to make sure they sure they do not fall foul of the new legislation, the federal initiative faces resistance at the state level. Continue Reading
#ExpertsOnRERA: Manju Yagnik, Vice Chairperson, Nahar Group (5/3/2017) by NaharGroup - by 99acres Bureau |May 3, 2017 The Real Estate (regulation and development) Act is finally being implemented. What are your views regarding the same? As they say ‘Change is the only constant’ and RERA most certainly looks like a welcome change. It intends to bring about a paradigm shift in the working of real estate sector while safe-guarding the interest of the investors, buyers and also address developer’s concerns. The new law is likely to make markets steadier due to the single window clearance process. The momentum will also infuse positive buyer sentiment which will in turn improve the demand Continue Reading
#ReraStrikes: Successful RERA implementation to transform realty landscape, experts say (5/1/2017) by NaharGroup - by Neha Pathania Kashyap | May 1, 2017 With the Real Estate (Regulation and Development) Act or RERA coming into force effective May 1, builders are preparing for a stricter regime while consumer sentiment index is improving. However, several states such as Assam, Tripura, Karnataka, Tamil Nadu, among others have still not formalised RERA rules. Currently, Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Bihar, Chandigarh and Orissa have finalised their rules. Establishment of the Act will ensure smooth sale of properties via a transparent manner. Registration of projects will protect homebuyer interest and organise the sector and create a sound mechanism Continue Reading
ONE FOR ALL, ALL FOR ONE (4/29/2017) by NaharGroup - SATURDAY, APRIL 29, 2017 The trend of offering apartments equipped with different configurations within a single project has gained much momentum among potential home-buyers. But is it a sustainable idea? Let’s understand from the experts… Buyers with different purchasing capacity can all own a home in the same project. And this is made possible due to the efforts of the developers who are now taking note of the smallest of requirements of their customers and making them an integral part of their design when planning a project. In a city like Mumbai, per-square-foot price is a very important consideration and Continue Reading
MARKET PULSE – A festive fillip (4/29/2017) by NaharGroup - Apr 29 2017 : The Times of India (Pune) Pune's property market has always witnessed buoyancy when festivals are around. Akshay Tritiya phase, too, propels city's real estate market Pune is among the cities witnessing a rapid real estate growth, thanks to the demand in commercial informationtechnology (IT) segment.An increase in IT jobs has also paved the way for housing demand. Sukhraj Nahar, chairman and managing director, says, ''It is a strong belief that a high-value purchase on Akshay Tritiya brings good luck. Projects offering ready-to-move-in apartments, row houses and villas closer to IT hubs will definitely see a boost Continue Reading
Akshaya Tritiya likely to attract property buyers (4/28/2017) by NaharGroup - by Manju Yagnik,Vice Chairperson, Nahar Group April 28, 2017 With developers offering several discounts, gifts and waivers to lure homebuyers, market sentiments are likely to improve this Akshay Tritiya. The festival of Akshay Tritiya has been traditionally known for property acquisition and other valuable purchases. It is believed that Akshaya Tritiya embodies luck and a high-value purchase on this occasion brings fortune. Conventionally the day is characterized by purchase of gold, nonetheless, recent years have witnessed a steadfast inclination towards realty estate sector. Therefore, if you are a first-time homebuyer, then this Akshaya Tritiya could be the perfect occasion to Continue Reading
Dilutions threaten RERA’s effectiveness (4/28/2017) by NaharGroup - BY JANAKI KRISHNAMOORTHI |APRIL 28, 2017 While the deadline for notifying the final rules under RERA closes in, there is growing apprehension among consumers about its effective implementation. We examine why The initial euphoria generated after the notification of the Real Estate (Regulation & Development) Act (RERA), on May 1, 2016, is now waning, with increasing doubts over its effectiveness in protecting the consumers’ interests. This disillusionment has been caused by the alleged dilution of the rules, by several state governments, including Gujarat, Uttar Pradesh, Madhya Pradesh, Orissa, Rajasthan, West Bengal, Maharashtra, Karnataka and Tamil Nadu. The Ministry of Housing Continue Reading
To New Beginnings – Chennai Property Market News (4/28/2017) by NaharGroup - By Ravi Sinha, Arjun Narayanan, Chennai | April 28, 2017 @ 01:27 PM This Akshaya Tritiya could be the perfect occasion to fructify the home-buying aspirations of first time buyers. Festivals in India score high on optimism. Akshaya Tri tiya is a festival associated with auspicious beginnings. For this very reason, a renewed interest is visible in the property market. It has been a tried and tested formula for hike in sales owing to the overall positive sentiments associated with the festival. Even in the wake of overall slowdown and the bearish market conditions, this festival has been witness to an Continue Reading
Environment clearance has been a bane for the realty industry (4/24/2017) by NaharGroup - Published On: Fri, Jan 6th, 2017 There is a negative sentiment in media regarding the real estate sector post demonetization. At ground level, however, have the realty prices come down? Has Nahar group’s project taken a hit? What isgoing to be (demonetization’s) long term and short term impact on property segment ? The post-demonetization effect is a temporary phase and it’s not just real estate but all sectors across categories are on a halt and in a dynamic market like India, where innovation overtakes challenges the after effects are bound to witness newer horizons. In real estate per say,  where as Continue Reading
Join Hands for a Better Realty (4/22/2017) by NaharGroup - Apr 22 2017 : The Times of India (Mumbai) In a Joint Venture, the combined force of various parties can facilitate the successful completion of a project. Here's how... joint Ventures (JVs) or as they are commonly called as Limited Liability Partnerships (LLP), are frequently used jargon in the real estate industry. It is a mutually beneficial partnership for all the parties involved, as a joint venture helps developers share profits and risks associated with the project, by easing the financial burden. “Additionally, JVs also provide the developers with access to new markets and share critical experience and expertise.They are Continue Reading
Towards Greener Pastures (4/22/2017) by NaharGroup - Apr 22 2017 : The Times of India (Mumbai) We aspire to do our bit in contributing towards the betterment of the environment. And one of the most significant ways to achieve just that is by ensuring that our new abode is environmentally-friendly When Rashid Khan entered the sales pavilion of a developer's project, he was not looking for a short-term discount but instead a long-term benefit. Hence, among the many queries that he volleyed to the sales staff one was specific to the porosity and density measurement of fly ash brick to be used for load bearing walls. He Continue Reading
Realty in Mumbai: Akshaya Tritiya to boost market for affordable homes (4/22/2017) by NaharGroup - TNN | Apr 22, 2017, 07.18 AM IST Considering that affordable housing fits into most buyers' budget, many developers are looking forward to cash in on this auspicious occasion by further offering discounts and attractive deals. Most home buyers wait for this auspicious day to take the plunge into the realty market as several developers offer schemes and discounts during this period. This year, industry experts are expecting an upward movement in sales on the occasion of Akshaya Tritiya, especially in the affordable housing segment in Mumbai suburbs. Maulik Sheth, director of a construction company, says, "The government's efforts to Continue Reading
Popular real estate investment options in 2017 (4/21/2017) by NaharGroup - By Sukhraj B.Nahar, Chairman and Managing Director, Nahar Group |April 21, 2017 Real estate offers myriad of options to investors. Here is the list of popular investment buckets that would help in fetching lucrative returns in future. It is a known fact that investment is the easiest route to build wealth. Chances are when you think about investing in real estate the first thing that comes to mind is your home. For many people, their home is the single largest investment they will ever make. One of the main difference between investing in a piece of real estate as compared to Continue Reading
RERA inches closer to reality; remaining sections notified (4/20/2017) by NaharGroup - By Shradha Goyal |April 20, 2017 The notification of RERA sections that will be implemented effective May 1, 2017 consist of key measures such as property registration, title of the project and formalisation of realty agents. Once executed, these changes will revive the realty landscape of the country.   On May 1st, India will witness the implementation of one of its most radical policy reforms benefiting the realty landscape - the Real Estate (Regulation and Development) Act, 2016. The Ministry of Housing and Urban Poverty Alleviation has notified that the sections 3-19, 40, 59-70, 79 and 80 will be rolled Continue Reading
My View: One big real estate trend in 2017 (4/20/2017) by NaharGroup - Publication: Magicbricks | April 19, 2017 @ 10:29 AM   Finance Minister Arun Jaitley in the Budget 2017-18 has given one of the much needed thrust to the Indian real estate sector. The minister announced that the ‘Affordable Housing’ will be given ‘Infrastructure’ status, which is likely to result in increased participation from private players. The announcement of affordable housing being given Infrastructure status is a welcome move and will act as a catalyst to meet the objectives of ‘Housing to All’ by 2022. The demand for affordable housing in the country is huge. Moreover, the interest shown by a Continue Reading
Which is your best option: Ready to move flats or under-construction properties? (4/20/2017) by NaharGroup - By Tejal Yerunkar |Thu, Apr 20, 2017 Highlights: 1. Investors presently are opting for ready possession flats due to rising instances of developers delaying possession of under-construction properties, says property dealer Sai Estate Consultants 2. This Akshaya Tritiya, ready-to-move flats will be more in demand as home buyers are now gradually opting for ready possession flats, says Nahar Group  With the government's people friendly initiatives, falling home loan interest rates and demonetisation, the real estate industry in India is witnessing a revival with developers observing preference for ready-to-move flats over under-construction ones for the upcoming Akshaya Tritiya festival. Akshaya Tritiya is a Continue Reading
Homes in Mumbai may cost 1% more, as BMC proposes new surcharge (4/14/2017) by NaharGroup - By VIBHA SINGH | Published : APRIL 12, 2017 At a time when home buyers and developers are demanding rationalisation of taxes, the Brihanmumbai Municipal Corporation has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai. We examine how this will impact various real estate segments The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, through an amendment of the Stamp Duty Act. Stamp duty and registration charges Continue Reading
Track2Realty study finds that the buyers hardly get to see the approvals obtained by the developers (4/14/2017) by NaharGroup - By Track2Realty | Published: Wednesday, April 12, 2017 A few ground realities that suggest real estate continues to be sellers’ market, more so with an opaque one.out of 10 home buyers are not sure at the time of booking as to whether the developer has got all the mandatory approvals for construction7 out of 10 developers refused to showcase even the project CC (Commencement Certificate) to the buyers 7 out of 10 buyers pay the due diligence fee to the lawyers to get the legal titles of the land, while developers only assure them verbally 9 out of 10 buyers Continue Reading
How will RERA and GST impact the realty sector? (4/11/2017) by NaharGroup - By Dominic Rebello | Published: Monday, April 10, 2017 6:27 AM Summary: The full page article highlights the impact of GST and RERA on realty sector and government’s plan of Housing for all by 2022. This article quotes Ms. Manju Yagnik, Vice- chairperson of Nahar Group along with other experts like Amit Wadhwani, Director of Sai Estate Consultant and Sanjay Jain, MD of Siddha Group. Ms. Manju’s perspective on GST, RERA, Housing For All have been used in the entire article in different ways. The exposure is the result of sharing relevant details and perspective with the publication.   The Continue Reading
#SheInspires: Manju Yagnik, Vice Chairperson, Nahar Group (4/5/2017) by NaharGroup - 99acres Bureau March 8, 2017 Their actions have inspired others to dream more, learn more, do more, and become more. This Women’s Day, 99acres celebrates women who have shown the courage to emerge as leaders in male-dominated industries. Here’s to STRONG Women. May we Know them, May we Be them, May we Raise them! When and how did you venture into your current field? After completing my graduation from Kurukshetra University, I used my skills in a profession that was challenging but yet matched my passion. I have been associated with Nahar Group for over two decades. I entered the Continue Reading
Industry Reacts : 60 day Approval Policy (4/5/2017) by NaharGroup - March 3, 2017 10:26 AM Mr. Amit Wadhwani, Director, Sai Estate Consultants For any building to be constructed a developer needs to have approvals as well as sanctions from the concerned authorities. Many a times the process of getting approvals is delayed which leads to delays in starting the construction. Once the building plan is approved, the builder should commence construction work within two years and there should be no deviation from the sanctioned plan. At times, the delays in sanctioning the plan leads to further delays in the construction with loses to be borne  by developers. In addition the consumers who Continue Reading
Housing in Mumbai set to get more expensive as MCGM proposes 1% surcharge (4/1/2017) by NaharGroup - MCGM proposal to levy a 1% surcharge on property deals, both in the primary as well as the secondary markets, would make houses further more expensive in Mumbai. By: Shubhra Tandon | Published: April 1, 2017 6:27 AM The Municipal Corporation of Greater Mumbai’s (MCGM) proposal to levy a 1% surcharge on property deals, both in the primary as well as the secondary markets, would make houses further more expensive in Mumbai. While the proposal needs approval from the state government, real estate developers and industry experts have raised a red flag on the move. The country’s most expensive real Continue Reading
1% Surcharge will hit Realty: Builders (3/31/2017) by NaharGroup - The civic budget could make owning a home in Mumbai costlier than it already is, with its proposal to charge a 1% surcharge on all property deals. By: Chetna Yerunkar | Published: Mar 31, 2017 09:27 AM The civic budget could make owning a home in Mumbai costlier than it already is, with its proposal to charge a 1% surcharge on all property deals. The Brihanmumbai Municipal Corporation’s decision at a tome the real estate market is already battling a slump is a bid to boost its revenue, but builders and buyers have already started slamming the proposal. So far, Continue Reading