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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.
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 ...
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...
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...
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.
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 ...
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...
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...
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...
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...
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 ...
Co Founder, Zricks.com
CEO, JLL India
Director, Olive Green Realty
MD & Chairman, Sumadhura Infracon Pvt Ltd
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