A spate of construction activities, backed by the govern-ment’s push for affordable housing and infrastructure growth, is indicating the revival of India’s real estate sector. The sector is witnessing high growth with the rise in demand for office, as well as, residential spaces. The market size...
I met up with an old friend of mine recently based out of Mumbai, who had come on work to Kolkata. While we spoke on work and related topics, one subject which my friend seemed exceedingly overwhelmed with was the snazzy new Kolkata. I watched the excitement in his eyes when he kept on talking of ho...
A year after the Real Estate Regulation and Development Act, 2016 (RERA) came into effect, 20 out of the 28 states (the Act is not applicable in J & K) have implemented the rules or framed their own laws to carry out the mandate. Satvik Varma, a litigation counsel and corporate attorney based in...
Demonetisation hit the real estate sector. The Goods and Services Tax (GST), passed on March 29, 2017, also impacted the sector. Industry insiders are divided about the impact of this new taxation scheme. The real estate sector is a significant contributor to the country’s growth and is its second...
The real estate sector has witnessed structural changes. Malayappan Murali, CEO and MD, Shriram Properties spoke to BE’s Isha Chakraborty regarding the present situation of the real estate sector.Q. How do you perceive the real estate sector in India?A. The country has witnessed a series of radica...
The affordable segment of the real estate sector is experiencing growth. There is a renewed interest among private players regarding mass housing projects. The Shukhobrishti project initiated by the Bengal Shapoorji Housing Development Pvt. Ltd. is one of the largest mass housing projects in India a...
Green building is not a new concept. In fact, techniques of natural ventilation and natural lighting have been used for ages. Technological progress has helped in producing various kinds of building materials and techniques that ensure sufficient interplay of the natural elements. Leading real estat...
The affordable segment is generating a lot of demand in the real estate sector. Eden Realty is one of the key players in this segment in eastern India. Sachchidanand Rai, Chairman, Eden Realty, spoke to BE’s Saptarshi Deb.Q. How do you view the affordable segment of the real estate sector in easte...
India is witnessing significant waves of inward urban migration in recent years. As employment is predominantly being generated in urban centres, there is a consistent demand for affordable spaces in urban centres. Shekhar Sarkar, a banker who shifted from Burdwan to Kolkata, told BE, “It was a re...
The increased exposure to global standards of living has drastically changed the way the Indian customer views luxury living. With the increase in per capita income in urban spaces, the demand for luxury living spaces is also witnessing a noted increase. These homes tend to be in the plush locations...