The Investo Maniac

The real estate sector is one of the most globally recognised sectors. The commercial real estate sector in India continued to evolve in Q1 2017, witnessing an increased share of Tier 1-2 cities in the overall space take-up, coupled with a sustained rental growth. From the perspective of office space take-up, the first quarter of 2017 was one of the strongest first quarters witnessed in the past several years. Leasing during the quarter was mainly led by Delhi NCR (National Capital Region), Bangalore and Mumbai accounting for almost 55% of the transaction activity, followed closely by Hyderabad. In North India, commercial real estate market is hugely dominated by Delhi NCR, but, in recent times, Chandigarh has shown signs of rapid growth. Chandigarh is a union territory of India serving as the capital of two states, Punjab and Haryana, is one of the fastest growing cities. Commercial real estate here is growing significantly, providing the much-needed infrastructural pu...

NRI Capital has practically changed the landscape of real estate sector growth in India. Today, real estate sector is one of the largest employers in India, because of funds being pumped into the market by NRI’s. Why it works for NRI’s, irrespective of factors such as demonetization, is rather simple to understand. The conversion from USD to INR makes it easy and affordable to invest here. Add to it the economic opportunities giving rise to a new real estate (potential) in India; many more NRI’s can be seen jumping to the foray. They are all familiar with the Indian terrain, and are mostly, correct visionaries. Another feature is NRI investment in their native land, the place to which they belong originally. This one is not for commercial interest (you cannot even invest in agricultural land, farm house, or plantation property), but preference given to nostalgia. If we look closely at this one aspect, mostly it is local destinations including, Delhi-NCR, Chandigarh, Ahm...

Let us first understand the correlation between stamp duty and circle rate. Stamp duty is the levy paid by a buyer on the total cost of the property. It is paid at the time of registration of the property (after the transaction is complete). Circle Rate is best defined as the minimum selling price, or minimum value of the property, at the exact time of being sold or being bought over. To put it simply, the stamp duty has to be paid on the legal value of your property transaction. So, do we have to pay the stamp duty on the circle rate? Well, the answer is no. But then why are we focusing on stamp duty and circle rates through this article. Stamp duty and circle rates, both are very important for the buyers to understand, and know before they actually sign a legal agreement. Usually, it is the market value of the property on which the actual transaction takes place. Circle rate is the minimum value of the property, as fixed by the state government, who is the recipient of ...

When Ministry of Urban Development of the Government of India unveiled it plan to build 100 Smart cities (revised to 109) in 2015 with a budgetary support of 15 billion US$, it held the hopes of every citizen of this country high. The original plan was to go for urban renewal and retrofitting of existing mid-sized cities, and develop them as satellite towns which are filled with sustainable infrastructure, citizen friendly services and a cobweb of Information and Communication Technology (ICT) infrastructure. But is longing for such rebuildings realistic? Or is it too big a dream for our Republic? Accounting for various challenges that implementing the Smart Cities Mission on its full throttle will require a multifarious analysis because there are few problems which are peculiar to India. Focusing narrowly on city-centric urban planning is a shortcoming of the present approach. This is because such smart cities are envisaged to serve a much more wider regional area and resortin...