Anuj Puri is an India real estate entrepreneur and former Head of JLL India. He is currently Chairman of ANAROCK Property Consultants Pvt. Ltd. – a Residential Brokerage, Fund & Investment Platform.
34 Articles
GST on Ready-to-Move projects without CC to add woes to Buyers and Developers
This announcement may be a blessing in disguise for the secondary market. The secondary real estate segment does not attract GST as such properties are by definition complete. Buyers eyeing ready-to-move-in units will now certainly evaluate this option rather than paying 12% GST on first purchase units.
The applicability of GST in the ...
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12/26/2018 12:49:17 AM
How to save on Property Taxes in India
If you are looking to buy a property or have already invested in one, you will know that there are tax implications involved. Let’s first examine the tax on property purchase and then elaborate on how one can save on it via tax exemptions and deductions.
To begin with, the taxation on property purchase has become much simpler tha...
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12/26/2018 12:41:42 AM
5 Technologies Disrupting the Construction Sector
Technology has disrupted almost every facet of the real estate business today. However, the creation of the core product is and will remain the most important aspect of this business, and advanced technologies are certainly playing a major role there.
By adopting innovative technologies like automation in construction, innovative desig...
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10/3/2018 11:55:02 AM
How Independent is Indian Real Estate Today?
In the 71 years since India gained independence, the country’s real estate market has changed tremendously.
While it has not always been consumer-favouring throughout this period, it is certainly so today. The country’s cities have expanded, new economic drivers have come in and jobs are being created at all levels.
...
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8/13/2018 12:59:51 PM
Breaking the Myths of ‘By Invitation Only’ Properties
The concept of ‘by invitation only’ (BIO) housing projects tends to make Indians’ antennae perk up, and not necessarily from a demand perspective. This is one of those ‘grey’ areas of real estate which carry with them very strong emotional markers.
We’re not taking gated communities here – the ...
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8/4/2018 12:53:20 PM
Smart City Mission - Tier 2 and Tier 3 Cities Take the Lead
For a very long time, real estate developers and investors focused almost exclusively on the metros and tier 1 cities, as these were considered the safest bets for sales and returns on investment. After all, these cities were generating the most employment and therefore inward migration.
As a result, the metros and tier 1 cities across...
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7/18/2018 11:53:42 PM
Smart Retail: Indian Malls Go Hi-Tech To Woo And Wow Shoppers
The e-commerce revolution and the upsurge in digital technologies are fundamentally transforming shoppers’ expectations.
This transformation also has a major bearing on the function of brick-and-mortar stores, which now need to render more useful and entertaining customer experiences.
As trends advance globally, mall op...
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7/18/2018 11:00:44 PM
Coworking Space - A Threat To Conventional Offices?
Coworking spaces have redefined the work culture globally and India is one of the most fertile grounds for the growth of this new work environment option.
From simple workplace with ungainly desks and chairs to much better-utilized spaces, automation and even added recreational facilities, office space structures in India hav...
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6/27/2018 11:10:08 AM
Revised Flat Size Norms a Major Demand Boost for Larger Homes in Tier 2/3 Cities
The housing ministry’s decision to tweak the eligibility criteria for MIG-I and MIG-II home buyers for houses eligible for interest benefit under PMAY is a phenomenal move to boost sales of large-sized apartments.
As per the revised norms, MIG-I category home buyers with household income between ₹ 6 lakh – ₹ 12 lakh are now...
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6/13/2018 6:24:24 PM
The Changing NRI Real Estate Investor Landscape
When it comes to Indian real estate, the topic of NRI investments is pretty much an evergreen one. The fact that Indian developers had, in the past, launched and marketed projects with an almost exclusive eye on NRI customers is certainly no secret.
There were many reasons for this, but the primary one was that NRIs – especially ...
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6/11/2018 11:20:46 PM
One Year of GST - Good, Bad Or Ugly for Real Estate?
The Goods and Services Tax (GST), a revolutionary tax reform rolled out in July 2017, has effectively replaced the previous Gordian Knot of multiple taxes like VAT, central excise duty, commercial tax, service tax, octroi, etc.
It has made India a ‘tax-neutral’ nation – and while it evoked a response best described as...
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6/9/2018 12:37:28 AM
5 Key Factors & Technologies driving Green Building Practices in India
Across the globe, 5th June is celebrated as World Environment Day, which is the principal platform of the United Nation to create more awareness and action towards protecting Earth’s environment. This day has a very special significance for the real estate sector
Over the past few decades, fast-paced economic developmen...
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6/4/2018 11:19:31 PM
The Low-Down on Compact Homes in Mumbai
‘Small is beautiful’ is the new buzzword with Indian millennials when it comes to buying homes in cities like Mumbai.
These young professionals are less focused on size and look for homes in locations close or well-connected to their workplaces so that their daily commute is reduced and work-life balance is maintained. Comp...
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5/30/2018 1:08:20 PM
What Keeps India’s Malls Ticking? The Rise and Rise Of Indian Malls
Rapid urbanization and digitization, increasing disposable incomes and lifestyle changes of the middle-class are leading to a major revolution in the Indian retail sector, which is pegged to grow by 60% to reach US$ 1.1 trillion by 2020.
The Government has clearly hit the bullseye by easing the FDI norms in the retail sector over the p...
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5/23/2018 11:59:35 PM
Amended Bankruptcy Code Deals An Ace To Homebuyers
The Union Cabinet’s amendment to the Insolvency and Bankruptcy Code now effectively treats homebuyers as financial creditors and comes as a massive relief to them.
Residential property buyers are now effectively considered at par with banks and other institutional creditors when it comes to recovering dues from real estate develo...
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5/23/2018 11:40:20 PM
14 ways RERA is Revolutionizing Indian Real Estate Industry
The Indian real estate industry, particularly the residential sector, was in the past correctly characterized as being unregulated and unorganized with unreasonable project delays and poor quality of construction being definitive aspects.
The arrival of the Real Estate Regulatory Act (RERA) in March 2016 brought in a paradigm shift in ...
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5/4/2018 1:12:22 AM
The Logical Way of Seeing Real Estate Price Corrections
Buying a house is an important milestone and a lifetime decision for most Indians. After years of saving and diligent planning, one decides to purchase a house.
In addition to the increased social stature and financial security implied in home-ownership, a home purchase also helps in big-time tax savings. Also, instead of paying fat re...
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5/2/2018 9:55:45 PM
Mumbai Development Plan 2034 Receives the Government’s Nod
The Government’s approval on the long-pending Mumbai DP 2034 is a welcome move.
The DP is likely to spur real estate activity in the city and also pave the way for the development of much-needed affordable houses in Maximum City.
Let’s look at the major highlights and likely impacts of this Development Plan:
...
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4/26/2018 12:06:41 PM
Bengaluru Housing Sector Outstrips Hyderabad, Chennai in Q1 2018
Emerging as the front-runner in the major South Indian markets in terms of new housing supply infusion, Bengaluru saw significant growth in new housing launches as well as absorption in Q1 2018.
In fact, Bengaluru saw highest launches among these markets with nearly 6,800 new units supply in comparison to Hyderabad and Chennai, which s...
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4/23/2018 11:02:06 PM
Why Demand for Good Office Real Estate Assets is High & Trending Among Investors
In the past, the ROI on housing assets had been quite satisfactory and in some cases even spectacular, depending on the aptness of choice in terms of specific location, configuration, amenities and builder’s brand. While rental yields for residential assets in India have historically been low, capital appreciation alone was a sufficiently ...
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4/17/2018 7:00:08 PM
RERA still not a nation-wide market force
Why RERA is still not a nation-wide market force. Many state governments have been lax in implementing RERA. There are various forces at play – the primary one being change aversion. RERA was conceived to change the entire status quo of how real estate is designed, developed and sold in India. It intends to put p...
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4/13/2018 5:52:15 PM
Peninsula Land announces Affordable Luxury Project Address One at Gahunje, Pune
Peninsula Land Limited, a leading corporate real estate developer which is part of the Ashok Piramal Group, today announced its foray into the affordable housing segment with the launch of its new project `addressOne` at a press conference.
Located at Gahunje, Pune, addressOne is spread across 50 acres and is strategically located on t...
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4/5/2018 11:20:05 PM
Homing In On Andheri – East, Mumbai
Since Mumbai is the commercial and financial capital of India, almost all major Indian corporates, as well as leading Indian PSUs and MNCs, have their offices set up in the city.
Traditionally, Nariman Point in South Mumbai (the traditional Central Business District) was the preferred location for high-grade office occupiers, and there...
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3/29/2018 2:56:17 PM
Gurugram – The Startup City
Gurugram is home to around 1,500 start-ups and is the 4th largest start-up hub in India. As the city hosts the behemoths of the start-up industry, it makes sense to delve a little deeper into this fascinating new office space sector in Millennium City.
Emerging commercial office locations in Gurugram, as also in Bangalore, Navi Mumbai ...
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3/28/2018 6:22:33 PM
Is 2018 the Turnaround Year for Indian Real Estate?
A quick look at the numbers of the first month of 2018 reveals that the market is changing for good. With new launch sales of 500 units across the top 7 cities of India in January 2018, new launch sales have doubled from December 2017.
This uptick is a major motivational boost to stakeholders who had been grappling with subdued demand ...
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3/26/2018 11:12:55 PM
Chennai Saw Highest Housing Sales Dip In 2017, Bengaluru Lowest : Report
Fewer launches, subdued sales and muted property prices defined 2017 for the Indian residential real estate sector, according to a detailed report by ANAROCK Property Consultants.
With an annual decline of almost 50% in new launches and 15% decline in sales across top 7 cities in India, the sector was effectively shattered in 2017...
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3/22/2018 3:17:14 PM
Declining Housing Sales – The Devil in the Data
From observing residential market trends over the past five years, it clearly emerges that 2013-14 was the last year where things still looked vibrant for the sector. Housing sales began plummeting after that, and there is no clear revival in sight as yet.
A quick trends assessment for the past 5 years reveals that during 2013-2014, an...
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3/19/2018 11:35:10 PM
Why Pune Can’t Afford Hiked Ready Reckoner Rates
Ready Reckoner (RR) rates indicate the value of land or residential and commercial properties of an area determined by the state government and are published annually.
RR rates vary as per the area under consideration and the available infrastructure facilities. They have an imp...
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3/15/2018 4:47:49 PM
Housing Sales Herald A Tepid Gudi Padwa 2018 For Real Estate
Traditionally, the Gudi Padwa festival season is an auspicious time to invest in real estate. Considered a time of renewal, it coincides with Punjab’s Baisakhi, Tamil Nadu’s Puthandu, Andhra Pradesh’s Yugadi and Kerala’s Vishu.
Since a large cross-section...
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3/14/2018 11:35:38 PM
Which Mumbai Real Estate Locations Still Deliver Good ROI?
Real estate prices in Mumbai – India’s high-flying financial capital – are never out of the news.
From South Mumbai’s spectacularly pricey trophy properties to the chronically unaffordable price tags of what passes for mid-income and affordable housing in...
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3/13/2018 11:46:00 PM
The Resurgence Of Shopping Malls In India
With the advent of e-commerce in India, shopping converged into mobile devices in the form of websites and/or apps.
At the click of a button, one could buy groceries, apparel, electronics and almost everything else. For a while, it appeared that ‘couch potato shopping’ w...
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3/6/2018 4:07:51 PM
Tier 2 and Tier 3 cities stage their real estate comeback
A fter a protracted period where interest for real estate investment was concentrated primarily in the larger cities, we are now seeing a resurgence of the tier 2 / tier 3 cities story in India. Many of these cities are seeing increasing economic activity and infrastructure growth, to...
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2/27/2018 2:52:25 PM
6 Ways The Union Budget 2018 Can Boost Indian Real Estate Sector
Every year, the Union Budget presents the Government with an opportunity to tweak the direction that the Indian economy is taking. Sometimes, hard decisions are taken which, while necessary, do not necessarily go down well with Mr Everyman.
At other times, the Union Budget is clearl...
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1/15/2018 10:17:53 PM
Will You Buy Real Estate With Bitcoin In India Anytime Soon?
From official acceptance to investment safety, crypto-currencies are nowhere near becoming viable tender to buy real estate in India.
Bitcoin and other crypto-currencies have been in the news a lot if recent times, often for the wrong reasons but also because of the massive appreciation Bitcoin has been clocking up.
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11/16/2017 4:18:45 PM
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