Is Indian Real Estate Prepared For Climate Change?

Is Indian Real Estate Prepared For Climate Change?

Climate change is no longer a butt of meme jokes anymore. The impact may not affect a large number of people at the present moment, but the signs have already arrived since many years: Inordinate rainfall, temperature variations, water problems etc. It is just that our limited attention spans have not registered this environmental anomaly which will stare us at our face in the coming decades. So the question is: Is Indian Real Estate prepared for climate change? The short answer? No. The lengthy answer requires a brief sketch of the core of the topic: Has the Govt created any…

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How Is Property Tax Calculated In India?

How Is Property Tax Calculated In India?

Property Tax (also known as House Tax) is a tax levied by the local municipal authorities anywhere in India. Usually, this meant for upkeep of public amenities such as roads, sewerage systems, parks, and other infrastructure facilities like lighting etc., as well as for maintenance of the existing infrastructure. Owners of the property over whom tax is levied have to pay, either annually or semi-annually. Property tax rates differ across states, cities and even within zones of the same city. Property Tax is a major source of revenue in urban local bodies in almost every part of the world. For example, Mumbai collects…

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Strategies To Beat Real Estate Slowdown

Strategies to Beat Real Estate Slowdown

The real estate slowdown is underway, blowing away many small and medium scale players like a bowling ball rolling over nine pins. The situation, seemingly, appears grim. With unsold inventory pilling up and even with massive money pumped in advertising, nothing seems to work. Yet, a silver lining can always be found in examples we shall describe here, but before we do, it is important to understand that changes in consumer preferences, macro-economic realities and market liquidity means small and medium scale businesses of today have to come up with solutions which are grounded in reality. The top nine real…

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How Office Real Estate Is Defying Economic Slowdown

How Office Real Estate is Defying Economic Slowdown

With the Indian economy clocking at around 4% GDP growth and the recent downgrading of India’s ranking by IMF, investor confidence appears to be at an all time low in the present moment. Consequently, it implies that the real estate may also show such signs. However observers were startled to find that this economic sector is defying all odds, especially commercial real estate. What they found was that a large number of companies, including SMEs, are pre-leasing commercial property to future-proof their financial portfolios and to hedge against future rental escalations. Different surveys point to this growth in various reports.…

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Things To Consider While Choosing A Real Estate Company In Vadodara

Things To Consider While Choosing A Real Estate Company In Vadodara

Vadodara is known as a cultural hub and a growing educational center, attracting a lot of migrants. It has now become an ideal city to settle in! Its commercial and residential sector has attracted a lot of investors and is expanding on a large scale. With so much competition increasing in the real estate industry of Vadodara, it is important to know which real estate industry is the best and delivers good results. Here is a comprehensive guide of some of the things or factors you should consider when choosing or hiring the services of a real estate firm. Select…

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Gujarat Government Hikes FSI To Boost Realty Sector

Gujarat Government Hikes FSI To Boost Realty Sector

After the recent step to bail out stalled housing projects by Central Government, Gujarat Government also undertook a few measures for boosting the state’s real estate sector. One of the prominent measures taken by the state government was raising the Floor Space Index (FSI). Besides FSI it has also granted special approval for building ‘Iconic buildings’ in four cities. i.e. Ahmedabad, Surat, Vadodara and Rajkot. Floor Space Index is the maximum area that can be constructed on a plot of land. It is calculated by dividing the total covered built-up area on all floors of a building by the area…

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Tips For Real Estate Developers To Overcome The Liquidity Crisis

Tips For Real Estate Developers To Overcome The Liquidity Crisis

A shocking default by the IL&FS (Infrastructure Leasing and Financial Services) Group triggered a liquidity crisis in the economy. This led many lenders to turn selective when it came to investing their funds in real estate. Since then the real estate developers have been struggling to raise their funds. Non-bank lenders that were a constant source of financing have been the worst hit and which made refinancing even more difficult. The stricter housing laws coupled with the economic slowdown has forced the developers staring at huge inventory pile-up. However, developers can surely plan alternative ways to complete their unfinished products.…

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Is Buying A Commercial Property A Good Investment?

Is Buying A Commercial Property A Good Investment?

Commercial properties refer to retail buildings, warehouses, office buildings, industrial buildings etc. Investing in a commercial property is always a good investment opportunity for the innumerable benefits it provides. When it comes to money, investing in commercial property offers more beneficial rewards in comparison to residential properties. Pros of investing in a commercial property Higher Rental Yields - One of the biggest plus points of investing in a commercial property is that the average yield of commercial property is in two digits. I.e. 10%. The amount of rental yield also depends on the type of property like shops, office spaces…

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Vadodara’s Rising Real Estate Industry

Vadodara’s rising real estate industry

Vadodara’s real estate market is booming at a fast pace and many new areas have been developed due to the presence of good infrastructure projects and adequate facilities. The city is welcoming many new upcoming integrated projects. No wonder these exciting and enterprising projects have caught the investor’s eye like never before! When it comes to real estate, investors have seen unprecedented and huge returns in the last few years. The office and commercial property areas like Race Course Road, Old Padra Road, Sayajigunj and Alkapuri have seen a whopping price increase in the last few years. Along with commercial…

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The Role Of Industrial Parks In Economic Development Of Gujarat

The role of industrial parks in economic development of Gujarat

How industrial parks contribute to the country’s economic development? Industrial parks provide an institutional framework, modern services in administration, financial consultancy, training, technical guidance, information services, shared facilities, research and own infrastructure designed to meet the needs of companies they gather by providing them with modern services for the business development. A concentration of a variety of activities and services to support the industry can greatly influence investors' decision to switch to such a region. Successful industrial parks can, therefore, become centres of growth and innovation, supporting local development and contributing to the development of the national economy. The development…

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