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

Source: Published in the financial express June 26, 2019  Private equity investment in real estate rose 26 per cent in the first half of this year to USD 3.9 billion (nearly Rs 28,000 crore) driven by higher inflow in commercial and warehousing projects, according to property consultant Colliers.  Private equity investment in real estate rose to 26 per cent in the first half of this year to USD 3.9 bln Private equity investment in real estate rose 26 per cent in the first half of this year to USD 3.9 billion (nearly Rs 28,000 crore) driven by higher inflow in commercial and warehousing projects, according to property consultant Colliers. PE inflows from foreign investors increased 28 per cent during the first six months of the 2019 calendar year. “During the first six months of 2019, the real estate sector witnessed private-equity (PE) inflows of USD 3.9 billion (Rs 27,767 crore), eclipsing the first halves of previous years,” Colliers International said in a report.  The

Highest Growth In Sales, Marketing, Ops Source: times business Chennai: Unicorns are turning into hiring masters. With aggressive funding and expansion plans, unicorns such as Swiggy, Oyo Rooms and PolicyBazaar have been hiring at an average growth rate of 50% every year, according to data from talent search firm Xpheno. Oyo Rooms and Udaan led the hiring with a 160% and 205% growth rate in the last three years, while Snapdeal and rival ShopClues have slowed down their recruitment. The data further noted that in 2018 alone, 4,680 new additions have been made solely by unicorns, and this year the projection is that they will recruit 9,200 more. Among roles, sales, marketing and operations are seeing the highest growth of around 50%. Xpheno co-founder Kamal Karanth added that key talents can command a 50% premium in salaries in comparison to an IT firm while, on average, employees get a 30% premium. “With a lot of investments in the bank, unicorns can afford to be pay mas

Virgin Hyperloop One is likely to commence Phase 1 work on its proposed  Mumbai-Pune ultra-high speed hyperloop route in India  before the end of 2019,  Construction Week reported  quoting the group’s managing director for the Middle East and India. Harj Dhaliwal, the group’s managing director for the Middle East and India, told  Construction Week  that Virgin Hyperloop One is looking to start Phase 1 work on its proposed Mumbai-Pune ultra-high speed hyperloop route in India before the end of 2019. Upon the completion of the project, the travel time to cover the 140 km journey from Mumbai to Pune can potentially reduce from 3.5 hours to just 25 minutes. Virigin Hyperloop One’s Indian route will link Navi Mumbai International Airport in Mumbai to the city of Pune , and is expected to benefit the combined population of 26 million of both the cities. Phase 1 of the Mumbai-Pune project  involves building a 11.8 km demonstration track with private investment of $500 million

JPMorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment. Bloomberg    |   May 31, 2019, 08:45 IST BYGillian Tan and Michelle F. Davis Wework Cos. is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter. JPmorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment. WeWork, which rents office space and desks to workers around the world, said in April it had filed paperwork confidentially with the U.S. Securities and Exchange Commission for an IPO. It could be the year’s biggest offering after Uber Technologies Inc. WeWork’s largest backers include SoftBank Group Corp., which earlier t

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

The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India.    Washington:  About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the Communist giant. The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India. Aghi said that USISPF's recommendation to the new government would be to accelerate the reforms and bring transparency in the decision-making process. ''I think that's critical. We would advise to bring more transparency in the process and to make it more consultative because in the last 12 to 18 mo

Niranjan Hiranandani New Delhi REIT is a company that owns, operates or finances income-producing real estate. Commercial real estate in India has a new hope on the horizon after seeing the success of it first real estate investment trust (REIT). The Embassy Office Parks REIT, a joint venture between the Bangalore-based property developer and private equity firm Blackstone was oversubscribed and successfully raised Rs 4,750 crore from the primary market last week and has been listed finally.  One can say that this is an opportune time for REITs to make a grand entry in India. Thanks to the aggressive plans of businesses - both, local and global - commercial real estate in India is doing very well right now. Done correctly, it may prove to be an answer to the liquidity crunch that has been crushing the sector for the past years. REIT is a company that owns, operates or finances income-producing real estate. Modeled after mutual funds, REITs provide all investors the chance

Pune: Diego Graffi, the managing director and CEO of Piaggio Vehicles Pvt Ltd, has been living in the city for two years and as much as he has come to embrace it, he says it has embraced him as well. The Italian loves everything about Pune except that he feels a dedicated airport, even if only for better domestic connectivity, will serve the city well. “When we have to go to another city for meetings, we have to plan a day in advance or come back a day later because of the restricted flight timings in Pune. Even for leisure trips to places such as Goa, a weekend getaway spills over to a day more.” For now, much of his flight trips happen from Mumbai. He rues the long travel to and from the Mumbai airport. Graffi moved to Pune two years ago and chose to stay in an apartment complex in the Magarpatta township for its proximity to his workplace and also because of easy access to all modern amenities. His acceptance of the city and country is evident in the Hindi ringtone t