Indian Real Estate Awaits A Proactive Government.. by JLL India

Like most other business sectors, the Indian real estate market holds its breath for a stronger and more determined government. The perception which is currently driving market sentiments is that market momentum can either accelerate, remain unchanged or decelerate depending on which party is voted into power. 

Speaking purely from the viewpoint of market sentiment, there is some validity to this perception. However, the fact is that the true benefits of political stability and proactive reforms - if these indeed ensue - will not be visible or tangible for quite a while after the new government takes over.

Even if the next government proves to be 'real estate friendly', it has its work cut out for it. There are vital regulations and initiatives related to real estate that have been gathering dust on bureaucratic tables which need to be fast-tracked and implemented. 
Mr. Anuj Puri, JLL India 
Though these regulations and initiatives are crucial for the real estate sector's growth, there are various complexities that must first be sorted out. One of the challenges is impartially attending to the interests of all industry stakeholders. The other challenge is to shore up all loopholes that could remain and be exploited if not identified prior to a regulation's implementation.

This is especially true of the pending Real Estate Regulatory Bill, which has been hotly contested at every stage. There is no doubt that it must be enacted sooner rather than later so as to make Indian real estate more attractive for foreign investors. 

However, it does appear that no version of this Bill that emerges after the various objections and arguments from the industry's stakeholders have been considered will be accepted across the board. If this is the case, it will require a strong and determined government to push it through. 

This also applies to the regulations pertaining to FDI in multi-brand retail - a subject that has drawn an incredible amount of political flak - which would have a major impact on India's attractiveness as a destination for foreign retail heavyweights.

Developers have been campaigning for a faster project approval process, and this is justified but by no means easy to do. Again, the government faces the challenge of ensuring that any fast-tracked approval process does not result in misuse and exploitation. 

While faster approvals would boost the supply pipeline and help bring prices down, the government must also ensure that construction quality norms are not compromised in the process. Also, faster approvals could result in the provision of support infrastructure falling several more laps behind while newer precincts are being developed. 

That said, swifter and more determined decision-making than what we have seen so far is definitely of the essence. Many overseas investment funds have so far abstained from the Indian real estate market because of the lack of regulation, political instability and bureaucratic quagmire. 

The new government will have the opportunity of making Indian real estate more investment-friendly and attractive, and this would go a long way in meeting its considerable capital requirements. Investor-friendly, streamlined policies from the new government can be a game-changer for Indian real estate.

Expectations...
·         The industry expects the new ruling government to be less dependent on smaller coalition parties for support
·         A clear electoral mandate will help real estate investors to obtain clarity on future policies, which is critical while making future business plans
·         The industry expects REITs to become operational in India so as to increase liquidity
·         The industry expects the approval and implementation of the pending Real Estate Regulatory Bill 

About the author.
Mr. Anuj Puri is Chairman & Country Head at JLL India


For Media Contact
Arun Chitnis
Head – Corporate Communications & Media Relations
JLL India 
Level 6, Amar Avinash Corporate Plaza
Bund Garden Road,
Pune 411001.
Tel: (020) 30930441 Fax: (020) 40196101
Mob: 
+91 9657129999
Twitter: JLLIndia_Realty

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Digital Smart homes Ramalinga Nagar, Trichy

Life has so much to give. And time is the key to getting them all. When you have it, you are very well enriched. You bond stronger with your family. You pursue passions better. You enjoy deeper the vibrant hues of life. , are striving hard to give you a better quality of life and are introducing various features in new Project - DREAMZ


Special Features:

1. Digital Smart Home. First time in Trichy. (No extra Cost)

At Dreamz it all begins with this home Automation system and a Touch Pad. All the power to control the entire home now lies in your hand. We are providing a smart device that will help you to control all devices like fans, lights, A.C, etc., with just a touch on your smartphone or touch pad at no extra Cost.

The company making life smarter in Dreamz, you will never have to manually turn on/off any of your switches, it all can be scheduled on your mobile. You can be also do automatic sensing wherein you can turn your lights turns on automatically when you enter your room.

2. Single IP CCTV Network:( No Extra Cost)


Installing C C TV Cameras at our project site and you can monitor the progress of work at our site from anywhere/anytime online 24/7.

V V PROMOTERS practices the aim to reduce the environmental impact of buildings. New construction almost always degrades a building site. The firm bring together a vast array of practices, techniques, skills to reduce and ultimately eliminate the impacts of buildings on the environment and human health.

Using Autoclaved aerated concrete (AAC), also known as autoclaved cellular concrete (ACC) blocks to acheive this goal towards a Green Building.

3. Solar Back up..
For common areas, car parking, passages and compound. This will reduce your maintenance cost.

4. Children's Play Area..
Park 

5. Mini Party Hall ..
You can use it for a Birthday party, kitty party or a get together, meetings etc...

6. Mini Theatre..
With wooden acoustic panel for sound absorption and sound diffusion for efficient acoustical performance.

7. Billiards

8. Table Tennis

9. Fitness Centre.

10. R O Water Treatment Plant.



Contact for site Engineer : Mr. Murugadoss - 9047034687 
V V PROMOTERS
HAPPY HOMES | YOUR DREAM HOME |
| Phone: 0431-2771755 |  Mobile: +91 90470 34685  | +91 90470 34680  | +91 90470 34687 |
Address: No. 12, Carmel's Garden, Ramalinga Nagar, 5th extension, Woraiyur, Trichy 620 003

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PBEL Cricket Championship – A battle of bats


To experience the IPL fever with a cricket tournament PBEL City, Chennai recently organized PBEL Cricket Championship. The keenly contested championship had the team from India Property emerging as the winners. In a nail biting final India Property defeated 99acres by 9 runs.

The PBEL Cricket Championship was a two day tournament conducted at the PBEL Grounds, the largest cricket ground in any integrated township in Chennai with a 55 meter boundary in Kelambakkam, OMR, marking the 1st anniversary of PBEL City in Chennai.

A total of eight teams encompassing PBEL Property Development, real estate service provider CBRE, SPCL Construction Company, CRN architects and engineers and major property portals Magicbricks, 99acres, India Property and Common floor battled on a knock out basis for the championship.

The environment at the PBEL City Cricket ground was charged with energy as the teams honed their cricket skills and discussed their respective strategies to win the trophy. The teams at the PBEL City Chennai grounds for the tournament were amazed to see such a wonderful, well maintained international standard cricket stadium at PBEL city.

Mr. Ravikumar, Deputy General Manager, PBEL City Chennai said that, "We are glad to organize the PBEL Cricket Championship at our cricket ground to kick start our 1st anniversary celebrations at Chennai. The response from the teams was overwhelming and we are sure they had a great session at our world class cricket stadium. We hope that the spirit of game is kept alive always and the spirit of cricket and our association with our partners and stakeholders continues to grow.”

For Media Contact..
Nishanth
M: 98840 70861

KonnectionsIntegrated Marketing Communication ConsultancyWe make the right impact
www.konnections.co.in
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Pharande Spaces Holds Biggest-Ever Channel Partner Event..


Luxury Township Project Puneville Gets Rave Reviews..
Pharande Spaces, the pre-eminent development and construction firm in Pune's thriving Pimpri-Chinchwad Municipal Corporation, recently conducted the largest-ever channel partner meet. The event, conceived to highlight Pharande Spaces' latest luxury township offering Puneville in Punavale, drew more than held 500 property brokers and real estate consultants from the Estate Agents Association of Pune (EAAP), India's first and largest real estate agents association.
 Anil Pharande, CMD - Pharande Spaces
The evening began with a tour of the expansive lounge at Puneville, a unique luxury project that has been conceived by Aedas, the global award-winning architects who have master-minded Venetian style-hotels in Las Vegas and Macau, as well as the Financial Centre in Shanghai and Marina Bay Sands at Singapore. 
Real estate and marketing consultant Yashodhar Raju introduced Mr, Anil Pharande, CMD - Pharande Spaces as a true entrepreneur who has pioneered the concept of holistic growth in the PCMC region.
"In the true spirit of an inclusive, consultative approach to real estate development, Mr. Pharande takes all stakeholders into confidence before the launch and completion of his projects," said Mr. Raju. "This includes the local governing bodies and community, land owners, builders and developers as well as the State Government." 
Mr. Pharande spoke passionately about his vision and his dedication to an urbanization model for PCMC and the rest of West Pune that is driven by infrastructure and planned development.
"Puneville is a luxury living community which is not only the ultimate statement in modern living," he said while addressing the attentive audience of real estate professionals. "It is also completely in harmony with its surroundings - and with the needs of its elite inhabitants. In every respect, and without compromise." 
The first phase of Puneville consists of 16 towers, each with 23 storeys of exclusive and uniquely crafted living spaces. The entire project has been designed with a luxury resort theme. 

Marketing & Sales director Akash Pharande proceeded with a theatre presentation walk-through of Puneville, providing a detailed graphic overview of the project's 2, 3 and 4 bedroom luxury apartments. The attendees also marvelled over Puneville's product gallery, which provides a unique WYSIWYG (What You See Is What You Get) perspective of the highest-quality imported and Indian fittings, fixtures and marble flooring used in the project.
The highlight of the evening was a project and product presentation by representatives from Aedas India. This was followed by an intense Q&A session which provided further clarity on Puneville and its avant-garde luxury features. The evening wound up with cocktails and dinner to the background of a celebrity entertainment performance by Bollywood singer Akriti Kakkar.

For Media Contact
Jay Kalghatgi
Client Interface - CopyConnect
Mobile: 9320142248
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International Conference - World Class Sustainable Cities 2014


REHDA Kuala Lumpur, MIP & PAM, with the support of DBKL, will be hosting the '6th International Conference on World Class Sustainable Cities 2014' (WCSC 2014) to be held on 25 September 2014 (Thursday) at Hilton Hotel, Kuala Lumpur, Malaysia.
  
Themed 'People Make Communities, Communities Make Cities', this 6th WCSC series has continued to gain recognition and prominence amongst the built-environment industry professionals, City Managers, Government agencies, residents’ groups, NGO’s and city stakeholders in addressing the benefits and challenges faced towards becoming a World Class City by the year 2020.

WCSC also provides a constructive platform to educate and engage all stakeholders, as well as showcase international best practices from other World Class Cities.

Further queries, kindly contact Mr Soon Teck Giap / Ms Ambika (WCSC 2014 Conference Secretariat) at Tel: 03-7803 2978 or email at stg@rehda.com / kul@rehda.com / ambika@rehda.com


Soon Teck Giap
Manager
REHDA Wilayah Persekutuan (Kuala Lumpur/Putrajaya)
Wisma REHDA
No. 2C, Jalan SS 5D/6, Kelana Jaya
47301 Petaling Jaya, Selangor
Malaysia
Tel: 603-7803 2978
Fax: 603-7803 0016 / 7803 5285


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Magicbricks.com PropIndex..:


Magicbricks.com PropIndex..:

PropIndex in its third year has accumulated a wealth of data/analytics on price/locality trends and market performance. PropIndex has been produced basis listing of apartments and their actual capital and rental values available on the website, since no credible property index can be a function of direct values as the changes are governed by multiple factors.

The data provided by PropIndex aids in decision making. Used in tandem with a host of advisory services available online at advice.magicbricks.com, the effort is to make this a one-stop shop for all property queries, requirements and information.


PropIndex is prepared and published by the country's leading property portal Magicbricks.com, as a tool, which empowers property seekers and investors with detailed information on the movement of residential apartment prices and supply of properties in India.

Magicbricks has more than 6,00,000 active properties posted by more than 1,50,000 active users in 300 cities& 10,000 localities. Users include owners, agents and developers.

ClIent Speak on Propindex...
 
“Real estate sector not being so organized as compared to other major sectors, this (Property Index) data is really helpful in bringing more insight to developers for decision making. Nice detailing and survey done.”
- Rikesh Patel, Marketing Head, Pratham Enterprise, Vadodara

PropIndex is a must for all real estate professionals, providing valuable information on market trends on both macro and micro levels. The detailed analysis helps even a layman to understand every aspect of the current situation and the risk in investment. Keep up the good work. Best wishes for the future.
- Amit Chopra, Director, Escala Realty India, Caranzalem, Goa

PropIndex has helped builders to understand the rate structure prevailing in a particular area and also helps to plan projects based on demand for the right product mix. It helps customers in forecasting property values in a particular area.
- Hitesh N Poddar, Director Marketing, Nirman Group, Nashik

PropIndex gives me the right information about customer sentiments. An incredible job done by Magicbricks.com. I wish them good luck and waiting for some more innovative ideas to come through the Magicbricks box.
- Sumit Goyal, MD, Nirwana's Greens

PropIndex tells me the right rate and trends of properties Pan India. We follow the rates and trends of Delhi-NCR which was quite authentic. After that we plan to diversify towards the NCR.
- Harmeet Singh, MD, Harji Realtors



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Rental Markets Flourish While Buyers Wait for Political Results


National Property Index (NPI) grew by 1 per cent as per Magicbricks PropIndex (Jan-Mar 2014). The index in its third year showed that home-buyers preferred to be in the wait-and-watch mode due to the general elections.

“Capital values fell in all cities, except Pune. Over 30 per cent of the tracked localities registered a fall of 1-9 per cent.  However, rental values rose by 2-16 per cent across India with over 50 per cent localities across cities registering a rise.” the latest Magicbricks PropIndex reports.



City Index values, computed as a ratio of number of listings to prices, rose by 1-3 per cent, indicating that buyers who purchased for regular rental returns were winners. Ahmedabad and Ghaziabad registered a negligible drop of 1 per cent in the index values.
“The year 2014 started with anticipation among real estate stakeholders concerning the 16thgeneral elections in the country. These Lok Sabha elections kept the Indian Real Estate Market in the wait-and-watch mode. This was reflected in the National Property Index, registering a 1 per cent change in the Jan-Mar 2014 quarter.” explains Sudhir Pai, Business Head, Magicbricks.com

Demand Analysis..
Mid-budget range of Rs 30-50 lakh remained the preferred category, especially in Bangalore and Pune.

Premium luxury properties remained oversupplied across cities despite a robust demand of over 20 per cent. Mumbai topped the chart with maximum demand for properties worth Rs 1 crore and Above, followed by Delhi and Gurgaon.

High-end properties worth Rs 2 crore and above remained more in demand in Delhi, Gurgaon and Mumbai. In all other cities luxury demand remained in the
Rs1 crore and Above range.

Robust Smaller Markets
In the current PropIndex issue, Greater Noida has been incorporated as an independent city, recording growing demand for residential properties and offering several options in the affordable range.
 
“The formation of a new government is expected to infuse fresh life into the real estate market and improve home buyer sentiments. In the Jan-Mar 2014 quarter, property markets remained sluggish. However, robust demand from end-users arrested any significant change in property values.” adds Jayashree Kurup, Content & Research Head, Magicbricks.com


·      Rental values rose in nearly 75 per cent localities. Of these, 35 per cent registered an increase of over 5 per cent
·      Large housing units of 4BHK & Above worth over Rs 2 crore were more in supply than in demand, increasing the demand-supply gap in the last six months
·      A small rise of 3-4 per cent was noted in capital values during the Jan-Mar 2014 quarter. Localities such as Greater Kailash-I, Safdarjung Enclave, Shivalik, Malviya Nagar and Panchsheel Enclave in South Delhi registered the maximum increase of 3-4 per cent

·      Over 82 per cent localities recorded a rise between 2-16 per cent in the average rental values
·      Rumours of resolution of litigations on the Dwarka Expressway led to it  rising from the fifth to the third position in the chart of the top ten preferred localities for sale
·      Golf-Course Road was given the thumbs down by consumers for both sale and rent because of the ongoing metro work along the stretch. This downgraded the locality preference by 2 points

·      Sectors 100, 137 and 143 along the Noida-Greater Noida Expressway and Sectors 74 and 78 posted over 25  per cent increase in the capital values in the last two years
·      Delay in possession reduced the preference for Sector 128 by one position

·      Upcoming new projects in Lal Kaun at low base price of Rs 2,600-3,300 per sq ft captured the buyer’s attention. This pushed up the locality in the top ten preference chart

·      Panvel and Ulwe offered maximum options in the Rs 20-40 lakh range, in the new developing projects in Navi Mumbai in the Jan-Mar 2014 quarter
·      The average rental price recorded a rise of 3-12 per cent in over 90 per cent of the tracked localities
·      Robust rental market led to improvement in the gross rental return on investment to 1.87-3.47 per cent
·      Demand for residential housing increased by 2 per cent for properties worth Rs 1-2 crore, however, supply remained stable

·      Pune noted a rise in average capital values in over 80 per cent of the tracked localities
·      The city offered maximum number of newly built ready-to-move-in multi-storey apartments in the range of Rs 50-60 lakh in the 2BHK category. Maximum availability was in Wakad and Pimple Saudagar

·      Demand for premium properties worth Rs 1 crore and Above increased by
4 per cent, while it dropped by 5 per cent in properties worth Rs 40-70 lakh
·      SG Highway moved up three positions to settle at number three due to  commercial set-ups and availability of both ready-to- move-in and under-construction properties at affordable prices

·      Over 70 per cent localities recorded a rise of 2-10 per cent in the average capital values

·      Vadapalani and Virugambakkam in the Central-west and Nungambakkam in the Central witnessed a sharp drop of 10 per cent
·      Of the tracked localities, 50 per cent recorded a rise in rental values
·      Demand and supply for luxury units dropped by 2 per cent for properties worth Rs 1 crore and Above

·      The buyer demand shifted from 2BHK to 3BHK units. Maximum properties delivered were in the 3BHK segment, within the budget of over Rs 70-80 lakh

·      Central Bangalore witnessed the maximum demand for high-end units worth Rs 1 crore and Above
·      Bellandur, Whitefield and Marathahalli in East Bangalore clocked the highest increase of over 15 per cent in average capital values in the past one year
·      Over 70 per cent of the tracked localities recorded a rise in rental values

Full report details can be accessed here – propindex.magicbricks.com
  
About Magicbricks.com PropIndex:
PropIndex in its third year has accumulated a wealth of data/analytics on price/locality trends and market performance. PropIndex has been produced basis listing of apartments and their actual capital and rental values available on the website, since no credible property index can be a function of direct values as the changes are governed by multiple factors.

The data provided by PropIndex aids in decision making. Used in tandem with a host of advisory services available online at advice.magicbricks.com, the effort is to make this a one-stop shop for all property queries, requirements and information.

PropIndex is prepared and published by the country's leading property portal Magicbricks.com, as a tool, which empowers property seekers and investors with detailed information on the movement of residential apartment prices and supply of properties in India.

Magicbricks has over 6,00,000 active properties posted by more than 1,50,000 active users in 300 cities and 10,000 localities. Users include owners, agents and developers.

Methodology..
Apartment values are based on listings on Magicbricks.com. These include multi-storey apartments and single units on plotted developments, referred to as builder floors.

The Index is structured in a way that individual properties are aggregated into their respective cities and then to the National Index. Weightages for PropIndex are based on the supply of properties within the locality/city. Based on this structure, PropIndex gives a realistic picture of trends in price/supply across different property markets in each city. 

Different weightages for Listed Price Monitor/Rent Monitor are used. Therefore, PropIndex along with tables provided for Listed Price Monitor, Rent Monitor, Yield Monitor and Capital Values gives a perspective of the property market performance in the quarter.

Listing and its values/supply provide a level of understanding into the market with meticulous data checks to prevent aberrations. These are based on statistical calculations, industry inputs and logical interpretations. 

The National Property Index (NPI) is indicative of the extent of activity and price movements in the major cities and localities active on Magicbricks.com. The index includes the top 11 cities (selected based on their activity levels) with an individual city report for each. While the NPI and its movements are of interest to the expert community of bankers, builders and investors, the PropIndex also explains the nuances of index movements at the locality level helping the consumer base on Magicbricks.com.

Insights into the consumer demand have been gathered through analysis of search information on the site. This helps to understand the best localities by demand, the type, configuration and the budget-wise preferences. 

The PropIndex is the result of meticulous research at the locality level and through detailed discussions with experts at Magicbricks.com’s offline and online initiatives. The Indian real estate market is dynamic and the PropIndex reflects those changes. Since it is derived from a dynamic database, additions and deletions of localities happen as a function of market changes.


For Media Contact
Aseem Seth
Head of Corporate Communications
CEO Corporate Office
Times Business Solutions Limited 
+91 120 663 6338
+91 99102 73367

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Pudugai Buildcon Expo 2014: May 22, 23, 24, 25 - 2014 at Pudukkottai


Mega Show of Construction Industry

* Building Materials
* Construction Machinery
* Construction Equipments and Tech.

Name of the Expo:
Pudugai Buildcon Expo 2014

Date:
May 22, 23, 24, 25 - 2014

Venue:
Ayya Mahal, Nizam Colony,
Pudukkottai

Timings:
Thursday and Friday : 4 pm to 9 pm
Saturday and Sunday: 10 am to 9 pm


Entry Free..

Organised by
Civil Engineers Association,
Pudukkottai

For Stall Bookings

94433 30874


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Colorhomes Developers: Integrated Township Bangalore Highway near Chennai..

Name of the Promoter:
Colorhomes

Name of the Project:
Kanchi Pattinam

Type:
Integrated Township

1,200 square feet plot starts at just Rs. 12 lakhs


Colorhomes is a crew of young, vibrant & potential professionals producing massive designs & plans of residential flats and commercial complexes.

Ever since its inception in 2008, the firm has been travelling through a path of hard efforts, breathtaking achievements & radiant projects the latest of which is 'Kanchi Pattinam'.

Kanchi Pattinam is a 120-acre mega integrated township lying on the Chennai - Bangalore highway. The phase-1 of it is constructed in 26 acres area.It had its inaugural ceremony recently & the event was graced by its chief guest, Dr TN Vallinayagam, the Chennai high court judge.

Kanchi Patinam phase-1 will undoubtedly serve its buyers as a complete package comprising all necessities, luxuries & amenities. With railway station left just 6 km away from here & bus stop 0.9 km, it complies with all your transportation needs.

Additionally, a Green Field Airport is soon expected too.It is very close to couple of major hospitals in the city - Arignar Anna memorial cancer hospital,Vasan Eye Care Hospital, Dr Agarwal Eye hospital, Sri Devi Hospital & Jaya Hospital - that in turn ensures to avail necessary healthcare services on-time,without wanting you to travel miles long distances for treatments. It does not end with it. The project is also close to educational institutions - schools & colleges.

Meenakshi Medical College is left at 1.2 km distance, and major schools including St. John's international residential school, DAV school, Maharishi international residential school, Annie Besant Matriculation School, Infant Jesus matriculation school, Sangford School & Swami Vivekanandha Matriculation Higher Secondary School are too close to the location.

What can make life happening other than getting some entertainment Kanchi Pattinam has that too, of course.You will have plethora of entertainment choices with Queens land, EVP theme park and Sathyam Grand lying just by its side, lying near to it.

Quenching your devotional longings are the nearby temples including world famous Kanchi Kamakshi Amman temple, Kailasanathar temple & Thirumagaraleeswarar temple. It is facilitated with underground drainage,water, electricity cables, rainwater drainage system, club house, 5 parks, swimming pool and many more.

About its rates, unbelievably, a 1200 square feet plot starts at just Rs. 12 lakhs. Its 1,170 square feet and 1,530 square feet ones are priced Rs. 36 lakhs and Rs. 58 lakhs respectively.

For Bookings please contact :


Colorhome Developers Pvt Ltd
Old No.26, New No.14,10th Street,
M Block Anna Nagar East,
Chennai - 600 102
Phone Number: 044- 30013001 / 044-30023002.


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