Tag Archives: India

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2020 तक आठ प्रमुख शहरों में होगी 41.56 लाख घरों की मांग, डेवलपर्स नहीं कर पाएंगे मांग के अनुरूप आपूर्ति

देश के प्रमुख आठ शहरों में घरों की मांग बहुत अधिक बढ़ने वाली है। कुशमैन एंड वेकफील्‍ड द्वारा जारी ताजा रिपोर्ट में अनुमान जताया गया है कि शहरी क्षेत्र में घरों की मांग 2020 तक 41.56 लाख यूनिट की होगी, इसके विपरीत निजी डेवलपर्स केवल 10.23 लाख यूनिट की ही आपूर्ति कर पाने में सक्षम होंगे।

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यह आठ शहर हैं- अहमदाबाद, बेंगलुरु, चेन्नई, दिल्ली-एनसीआर(एनसीटी, गाजियाबाद, फरीदाबाद, गुरुग्राम और नोएडा), हैदराबाद, कोलकाता, मुंबई औश्र पुणे।

रिपोर्ट के अनुसार 2016-2020 के दौरान प्रमुख आठ शहरों में कुल मकानों की मांग लगभग 42 लाख यूनिट रहने का अनुमान है। इसके अनुसार निजी डेवलपर्स द्वारा इस दौरान निर्माणाधीन व योजनागत 10 लाख मकानों की आपूर्ति किए जाने की उम्मीद है।

सबसे ज्‍यादा मांग दिल्‍ली-एनसीआर में रहेगी, यहां 2020 के अंत तक करीब 10 लाख यूनिट की मांग होगी।, यह भी अनुमान है कि सबसे ज्‍यादा मांग एलआईजी (15 लाख रुपए से कम) मकानों की होगी।, 2020 तक तकरीबन 19.8 लाख एलआईजी यूनिट की मांग का अनुमान है, इसमें प्राइवेट डेवलपर्स केवल 25,000 यूनिट की आपूर्ति करेंगे।, इसी प्रकार एमआईजी (15-70 लाख रुपए) मकानों की मांग 14.57 लाख युनिट की होगी, जबकि इसके विपरीत आपूर्ति केवल 6.47 लाख यूनिट की रहेगी।
कुल हाउसिंग आर्पू‍ति में 63 प्रतिशत हिस्‍ससा एमआईजी मकानों का ही होता है।

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Real estate price slash down due to Modi’s crackdown on Black Money

India’s property market is balanced for further decreases as Prime Minister Narendra Modi’s turn to take action against unaccounted riches harms one of the key strategies that purchasers utilize to buy land.

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CLSA Asia-Pacific Markets, Credit Suisse Group AG and Nomura Holdings Inc are evaluating that property costs will fall further, in the wake of tumbling 20 for every penny in the previous three years. India will pull back high-section banknotes in the country’s greatest crackdown against debasement in very nearly four decades. The move is a hit to the act of putting resources into land utilizing untaxed salary, privately known as dark cash, which is normally buried in real money.

“Since dark cash assumed a part in land exchanges, this crackdown is probably going to hurt the land advertise, which is as of now reeling under high stock in top level urban areas, for example, Mumbai and Delhi,” said Sonal Varma, a business analyst at Nomura.

The S&P BSE India Realty Index, involving 11 property stocks, dove as much as 16 for every penny, the greatest drop since 2009, preceding shutting down 10 for each penny. DLF LtdBSE – 5.01 %, India’s biggest engineer, fell 17.3 for each penny while Oberoi Realty LtdBSE – 5.78 %, the second-greatest, dropped 9.7 for each penny. Indiabulls Real Estate LtdBSE 0.96 % declined 18 for each penny.

Unaccounted riches represents as much as one-fifth of the Indian economy, as indicated by Ambit Capital. Property and gold will see the greatest negative effects as these are normally viewed as the most ideal approach to convey such cash, CLSA said in a note to customers. Property costs could fall 10 for each penny to 20 for each penny while the effect ashore costs will be greater, CLSA said.

Five hundred rupee ($7.5) and 1,000 rupee bills will stop to be legitimate delicate from Wednesday, and those available for use will must be stored in banks, Modi said in an unscheduled deliver to the country. The progression by Modi, who is drawing nearer the midway sign of his term, is an endeavor to satisfy his race guarantee of checking duty avoidance and recouping unlawful wage stashed abroad. A one-time opportunity to tell the truth on unaccounted riches prompted to announcements of just around 25 billion rupees in expense a year ago, while a pay revelation program this year had met with a blended reaction.

Information gave by Mumbai-based Liases Foras Real Estate Rating and Research Pvt. demonstrate the land business represents an expansive share of illegal arrangements in the South Asian nation, with an expected 10 to 15 for each penny of exchanges finished with dark cash. Arrive costs may drop as much as 40 for each penny while extravagance home deals will drop and costs will stagnate for the following two years, as indicated by assessments from Pankaj Kapoor, organizer of Liases Foras.

“This is a general positive in the long haul,” Kapoor said in a meeting. “There will be fleeting agony yet it was a panacea that was required.”

Modi’s turn is probably going to effect land and thusly concrete and metals segments as well, Credit Suisse said in a note on Wednesday. Moneylenders that have introduction to land designers and some non-bank back organizations will likewise be hit. Banks that have loaned cash to such designers may see a spike in their non-performing resources, Credit Suisse said.

“It is difficult to gauge the amount of the cash won’t be traded, i.e., dark cash that would get to be useless,” Mumbai-based Neelkanth Mishra said in the note. “Not every last bit of it is kept in real money under the sleeping cushion, however regardless of the possibility that this was 20 for each penny, it would mean three trillion rupees of riches wrecked.”

कोच्चि एक पसंदीदा रियल एस्टेट गंतव्य बनने के लिए: जेएलएल

कोच्चि देश शहर है, जो स्मार्ट सिटी प्रोग्राम की सूची में शामिल किया गया है में विभिन्न अवसंरचना विकास परियोजनाओं द्वारा संचालित में एक highly- को प्राथमिकता दी अचल संपत्ति गंतव्य बन जाएगा, एक रिपोर्ट कहती है।

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” कोच्चि हिट एक छह अगले भारत में अत्यधिक पसंद किया अचल संपत्ति गंतव्य बन गया है, ” जेएलएल इंडिया की एक रिपोर्ट में कहा।

रोजगार सृजन , मेट्रो रेल के लिए आईटी के विकास की तरह सभी संभावित ड्राइवरों, आधारभूत संरचना , उद्योग और व्यावसायिक विकास के लिए पोर्ट आधारित विकास, हवाई अड्डा टर्मिनल , विदेशी निवेश और पर्यटन के लिए स्मार्ट सिटी कोच्चि टैग में बल दिया है , यह जोड़ा ।

“यह अंत में आवास के लिए मांग को बढ़ा देता है और यह भारत में अगले उच्च प्राथमिकता दी अचल संपत्ति स्थलों में से एक बना देंगे ,” जेएलएल इंडिया के राष्ट्रीय निदेशक और संचालन के प्रमुख – सामरिक परामर्श एक शंकर ने कहा।

कोच्चि – जो पहले एक oversupply परिदृश्य से उबरने के लिए संघर्ष कर रहा था – इन प्रयासों से मांग की रचना की वजह से बड़े पैमाने पर पुनरुद्धार देखना होगा जेएलएल कहा।

” अचल संपत्ति की कीमतों में भी बढ़ोतरी अब शहर में आश्वासन दिया है , और यह जो वहां आवासीय , वाणिज्यिक और आतिथ्य परियोजनाओं को शुरू करने के लिए उत्सुक हैं पूरे भारत से कई रियल एस्टेट डेवलपर्स से नए हितों उकसाया गया है,” जेएलएल कहा।

Swarovski gets FIPB’s nod to flaunt its own stores in India

Austrian crystal maker Swarovski will now be able to run fully-owned stores in India, having secured the Foreign Investment Promotion Board’s approval to its foreign direct investment proposal for single-brand retail.

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The premium brand joins the league of other global firms such as Swedish budget furniture chain IKEA, fast fashion firm H&M and American lifestyle brand Fossil to receive the FIPB’s nod for its investment plans after India removed the FDI cap on single-brand retail.

Swarovski plans to invest 10 million ( Rs 75 crore) in India not just to expand its store count, but also to learn designs that can inspire its global product range, said Francis Belin, senior vice-president for Asia-Pacific region.

“There is a very high appetite of Indian women for opulent jewellery and we have to be there when the market develops. We are investing to learn consumer relevance and are also testing different price points in terms of more affordable products,” said Belin.

India is the second-largest jewellery market in the world after China with annual sales of about $30 billion (about Rs 1.95 lakh crore). However, the market is highly scattered, with the largest player Tanishq controlling just 4 per cent of the organised market. Unlike most jewellery brands that thrive on weddings, Swarovski wants to sell products on other occasions as well, including the festive season.

Earlier this year, Swarovski tweaked its global offering for the first time to suit local demand by launching nearly 50 Indiaspecific products. The company opened its first store in India in 2005. Till now, it has remained cautious in expansion, focusing only at major locations and top malls.

Unlike many other global retailers that are attracted to India after struggling at home markets, Swarovski is growing its business in double digits and doesn’t see India as a huge market for revenue generation in the short-term. “We don’t want to milk the market by cutting prices or launching stores everywhere. Instead, we want to learn design sensibilities from India since there is a lot of demand for such products similar to how Indian yoga is in fashion the world over,” said Belin.

The company’s store expansion plans will depend on quality upcoming malls and real estate, which is a scarce commodity in India, he said. Swarovski earns about Rs 120 crore a year in India through its 40 franchise stores operated by various partners, along with nearly 60 counters at department stores.

The parent company, which operates about 2,500 stores in 170 countries, has an annual turnover of 3 billion, or about Rs 22,200 crore.

India, Sweden agree to cooperate in urban sector initiatives

India and Sweden today agreed to cooperate in the implementation of new urban sector initiatives in India relating to promotion of public transport, municipal waste management and digitalization.

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“Both the countries have agreed to identify specific projects for promoting sustainable urban development in India,” a statement released said after a meeting between visiting Swedish Minister of Housing, Urban Development and Information Technology Mehmet Kaplan and Minister of Urban Development M Venkaiah Naidu here.

The two ministers have identified promotion of public transport, municipal waste management and digitalization as priority areas for cooperation in the context of initiatives for development of smart cities and upgrading basic infrastructure in other cities in India, it said.

Kaplan also offered his country’s assistance in production of bio-gas from solid and liquid municipal waste and its conversion to fuel for running vehicles. He inquired from Naidu about urban planning processes in India and use of digital technologies for efficient use of resources and improving governance.

Naidu told his Swedish counterpart that citizen consultation has been made mandatory for identification and prioritization of projects and drawing up city-level plans under Smart City and Atal Mission for Rejuvenation and Urban Transformation (AMRUT).

On being presented an elephant carved in wood as a souvenir by Naidu, Kaplan said, “I am delighted. While leaving for India, I asked my daughter what did she like to be brought for her from India and she wanted an elephant.

“I am glad that you fulfilled my daughter’s wish,” he said. The visiting minister had brought a crystal sculpture of horse hand painted in organic colours.

Real estate brokers should be licenced, say 83% respondents in Realty poll

A majority of respondents in a poll run on Realty sector mentioned that real estate brokers in the country should be licensed.

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In the poll that ran for a week on the portal, 83% of the respondents agreed that licensing of brokers will bring down cases of cheating, fraud and other malpractices.

13% of the respondents felt licensing the brokers will not have any impact in the current scenario where cheating by them is rampant in the country.

About 4% of the respondents said that they were not sure if there would be any change even after the brokers are licensed.

There are growing concerns among property buyers about the un-professionalism prevalent in the broker community that sometimes manifests in the form of cheating and fraud as well.

The revised real estate regulatory bill (which has been cleared by the union cabinet but is yet to be cleared by Parliament) has also included a provision of registration of real estate agents with the regulatory authority.

The National Association of Realtors has been advocating licensing of these real estate professionals and has raised the issue several times.

If India introduces a system of licensing for the brokers, it will join the league of developed nations like the US where brokers are issued licences to carry out their profession.

M&A activity set to increase in cement as global cos eye India

The country’s cement sector set to see increase in merger and acquisition (M&A) activity after a lull of more than a decade as global majors like CRH and Heidelberg, LafargeHolcim are looking to expand their presence in India.

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The LafargeHolcim combine with a cement capacity of around 68 million tonnes per annum (mtpa) in India has overtaken Kumar Mangalam Birla’s UltraTech, so far the largest cement manufacturer in India with a capacity of 65 mtpa. However, the Aditya Birla Group company seeks to expand its capacity to 71 mtpa by 2016 with projects underway.

“India is an important market for LafargeHolcim with a balanced portfolio in cement, aggregates, and ready-mix concrete. Following the divestment, the group will have a cement capacity of around 68 million tonnes in India,” said a LafargeHolcim statement on Monday.

Puneet Dalmia, managing director of Dalmia Cement Bharat feels that global consolidation in the cement sector is happening in India as well.

“There were two major deals in last 7-8 months Holcim Lafarge and then Heidelberg and Italcementi. Globally the ticket size in cement will be 100 million tonne and in India it will be 20 million tonne. Here, numbers of big players are increasing and going forward more consolidation will take place. To survive in India a 20 million tonne capacity is essential, which would entail an investment of Rs 12,000 crore. The group has a capacity of 24 million tonne,” said Dalmia adding that the centre is also giving push to infrastructure we will see the effect in next 12-24 months.

The Birla-Lafarge deal brings Birla Corp among the top 10 players in the country with capacity of 15 million tonnes. Echoing similar feelings, H M Bagur, chairman of Shree Cement said, “It is a very big acquisition and it shows that consolidation is happening. There is a positive push from government towards infrastructure, which is good for the industry.”

This consolidation is happening at a time when new players like Anil Ambani-led Reliance Group and Sajjan Jindal-led JSW Group has big plans in the cement sector.

Reliance Cement is looking almost three-fold increase in capacity to 15 million tonnes in the next three years with new plants being planned in Maharashtra and Madhya Pradesh.

JSW Group is setting up 10 grinding units in the country to triple its cement and clinker capacities to 20 mtpa in the next three years. “We will reach a capacity of 20 mtpa by 2018 by mix of greenfield projects and acquisitions,” said a company official. Sajjan Jindal’s younger brother Naveen Jindal, promoter of Jindal Steel and Power, is also contemplating to foray in the cement sector in a big way.

The demand growth between 6.5% and 8% would outpace supply addition at 6.7% in FY16 as cement capacity utilization is likely to improve to 73% to 75% in FY16 compared to 71% in FY14.

Insurance for your house

The earthquakes in Nepal and north India led to widespread damage and destruction. There can be no compensation for loss of human life. There is little anyone can do to prevent natural disasters. However, you can reduce the financial risk to some extent by taking a proper insurance cover against such a loss. After all, most people spend a lifetime’s savings to buy or build a home. It is possible to insure your house against damage and also your valuables against theft.

Indira Nagar, BangaloreA home insurance policy can provide comprehensive coverage. A comprehensive householder’s package policy also insures the contents of the house against burglary, damage, and mechanical or electrical breakdown. By taking a proper home insurance policy, you can protect your home from risks such as burglary, fire, earthquake etc. In case a property is insured and in the event of an unforeseen natural calamity you can be financially indemnified to a great extent.

A basic home insurance policy will cover fire and allied perils, including floods. You can add on insurance cover against earthquake by paying some extra premium. Normally, a home insurance policy has two parts one covers the structure of the house and the other covers the contents such as valuables, furniture and electronic appliances. You have the option of opting for both structural and content cover, or for either one.

There could be many variants to this. The cover may be based on the indemnity value, which takes into consideration the cost of construction and the depreciated value according to the age of the building. Alternately, the cover may be based on the reinstatement value where the insurer bears the construction cost of the house excluding the value of the land. In another variant, the cover may be based on the agreed value of the property and includes the value of the land and construction cost.

In case of a house, the most expensive part is the cost of land. Then comes the superstructure built on the land. You can insure only the cost of the superstructure too.

Household goods
You can also insure the household goods. The value of all the household goods needs to be disclosed. Some insurers insure them on the basis of reinstatement cover. As such, you get the same amount of money for the insured items as if they were new, without any allowance for wear and tear or depreciation.

In addition, there are many add-ons available at an additional cost. These include cover against theft of jewellery, loss by fire etc.

Rent cover
Some policies also provide a ‘rent cover’. This can be used if you need to stay in a temporary location due to damage to your property. A rent cover is helpful because it takes care of your rent incurred on an alternate accommodation in case your home is under repair. The policy can be taken on a yearly basis. Rather than choosing all the options, it is advisable to pick whatever is required.

Over 7 lakh homes unsold in top 8 cities: Knight Frank

Over 7 lakh housing units remain unsold in eight major cities and it will take more than three years to exhaust the inventories, property consultant Knight Frank India said today.
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The national capital region (NCR) market had 1.9 lakh unsold homes as of June.

Residential market, which is facing a huge slowdown in demand for last 3-4 years, would “not see a recovery in the next six months”, the consultant said in a statement.

Housing sales dropped by 19 per cent and new launches by 40 per cent during January-June 2015 in eight cities compared with the year-ago period.

These cities are Delhi-NCR, Mumbai, Bengaluru, Pune, Kolkata, Chennai, Hyderabad and Ahmedabad.

“Current unsold inventory levels stand at over 7 lakh units; would take over 3 years to exhaust,” said the consultant.

Knight Frank India CMD Shishir Baijal said: “Despite economic scenario strengthening, we are seeing no improvement in the residential market across the top eight cities. Going forward, we do not see any improvement until the end of 2015 in terms of sales.”

Its Chief Economist & Director, Research Samantak Das said the Mumbai Metropolitan Region (MMR) has the maximum unsold inventories at 1.95 lakh units followed by Delhi-NCR 1.9 lakh homes.

He said the home launches have declined by 40 per cent to 95,400 units in the first half of 2015 compared with 1.6 lakh units in the same period last year.

Sales volume fell by 19 per cent to 1,10,300 units from 1,36,000 units during the period under review, Das added.

“We do not see recovery in housing market as demand is subdued and sales are slow. Sales are happening only where the price points are right and builder has good track record on project delivery,” he said

“Lack of confidence of consumers in project completion is actually deterring them in taking a decision to buy homes,” Das said, adding that price remain a concern in Mumbai market.

Ahmedabad records lowest residential sales in 5 years at 7,750 units in H1 2015

Pain in real estate market in West India is no different than the rest of India, data shows. Ahmedabad has recorded a five-year low in its residential sales volume at 7,750 units for the first six months of 2015 (Jan-June), down 26% as compared to the same period of 2014.
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“Taking cognizance of the falling demand, developers in Ahmedabad have refrained from launching new projects during H1 2015,” a report by consultancy Knight Frank says.

New launches dropped by 11%, to 8,060 units in H1 2015, compared to 9,020 units in H1 2014.

Slower-than-expected recovery in the economy, poor business sentiment and a delay in the reduction of home loan interest rates by banks have hampered the revival in the sales volume., the report says.

Additionally, the majority of the investors that were active during the 2011-2013 have refrained from fresh investments in the last six months due to the slower-than-expected price rise.

However, there is a silver lining. Knight Frank forecast an increase of 11% in the sales volume to 8,890 units during the second half of the 2015(July-Dec) as compared to 8,020 in second half of 2014.

New launches are estimated to rise by 36% to 6,790 units from 5,000 units during the same period of comparison.

The property price increase has not been very promising in the city if the first six months. The weighted average price rise has remained muted at 2-3% in the last six months and Knight Frank expects the prices to firm up in the same range in the next six months.

The inventory in north and east parts of the city is about 9-11 quarters old and is expected to be cleared in the next 6-7 quarters, at the current velocity of sales. East Ahmedabad, with locations such as Naroda, Vastral, Nikol and Kathwada Road, witnessed the maximum number of new launches during first half of 2015.

With prices in other parts of the city breaching the Rs 3,000/sq ft mark, East Ahmedabad has emerged as the most preferred destination for homebuyers scouting for affordable housing. During the first half of 2015, 86% of the new launches in this market were below the ticket size of Rs 25 lakh.

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