Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

Modi's win expected to double institutional investments in real estate to 10 billion dollars in 2019 Source:  Vandana Ramnani  Expressing confidence in the government's real estate initiatives, the sector has hailed the Prime Minister Narendra Modi-led government's victory in the 2019 General Elections as a vote for development. Citing initiatives such as GST, RERA and the Affordable Housing for All by 2022 scheme, the sector expects institutional investments in the sector to double to $10 billion in 2019. The impact of reforms has been reflected in the number of investments received by the real estate sector, as of the total institutional investments of $30 billion during 2009-2018, $20 billion was invested in 2014-2018. During the same period, the share of foreign investments more than doubled to 70 percent in 2018 from 31 percent in 2009. "We are confident that institutional investments in 2019 will nearly double to $10 billion as compared to 2018,&qu

Introduction The real estate sector is one of the most globally recognized sectors. In India, real estate is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. The real estate sector comprises four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. It is also expected that this sector will incur more non-resident Indian (NRI) investments in both the short term and the long term. Bengaluru is expected to be the most favoured property investment destination for NRIs, followed by Ahmedabad,  Pune , Chennai, Goa, Delhi and Dehradun. India's rank in the Global House Price Index has jumped 13* spots to reach

The  metro cities in India  are undergoing massive construction boom, with hundreds of high-rises and more than 100 super tall skyscrapers under construction. Mumbai has more than 4000 high-rise buildings and has the 6th highest number of skyscrapers in the world. Tall buildings and monumental landmarks determine how urbanized a country is. Here are 10 of the tallest buildings in India that serve as landmark to the respective cities. 1) Omkar 1973, Mumbai Rising majestically above the city and the Arabian Sea, Omkar 1973 is set to have three high rise towers after its completion. For now Tower A & B are complete and stand tall at 76-storey and 75-storey, respectively. There are 400-plus sky bungalows, ranging from 2,500 sq. ft. to 18,200 sq. ft. area in this project. It has been constructed over a height of over 450 meters. 2) Palais Royale, Mumbai A sky scrapper with 88 floors is located in Lower Parel of Mumbai; its height is 320 m. The luxury building was designed ke

Selling your property can be taxing. However, you can now skirt the Capital Gain Tax (CGT) and profit from your property decision. Here’s how... With the festive season having commenced for the sector, realty transactions are taking place at a brisk pace. Hence, if you are looking to buy another apartment by selling your existing property, bear in mind: you will have to pay the Capital Gain Tax (CGT) on it as well. After all, every property transaction is scrutinised by the tax department. WHAT IS CAPITAL GAIN? Capital gain is of two types: Short Term Capital Gain (STCG) and Long Term Capital Gain (LTCG). So, if you have bought property and you sell it in less than two years (24 months) of the purchase date, your STCG is calculated by deducting the cost of acquisition, including the money spent on renovating the property, and the transfer cost (from the sale price). “STCG is taxed as per your normal income tax slab of the relevant year of sale,” informs Nagesh Sharma, foun