In the wake of China’s property market woes, global private credit investors are increasingly turning their attention to India, where Prime Minister Narendra Modi’s infrastructure initiatives are driving up property prices. In the first six months of 2023, more than $4 billion in private credit flowed into India, with more than half of that going to real estate, according to a report from Ernst & Young. That’s up from $4.3 billion in the entire year of 2022. According to fund managers surveyed by Ernst & Young, private real estate deals are expected to continue to grow over the next year and a half. “India has benefitted from the shift in sentiment away from China, partly due to strong economic fundamentals,” … Read more
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Understanding Partition Suit in India: When and How to File
Tags: IndiaLegalRealty Guide
In the realm of property ownership and inheritance in India, a legal term that often surfaces is “partition suit.” This legal process is instrumental in resolving disputes arising from joint ownership of property, a common scenario in the Indian context where families often share ancestral or jointly acquired assets. In this article, we delve into the intricacies of a partition suit, exploring what it is, when it is typically filed, and the key considerations involved.… Read more
RERA 2.0 Gateway will Automate Paperless, Faceless Operations
GujRERA will launch its new portal on 24 November 2022. GujRERA’s old portal was shut down on 16 November 2022. According to sources, the new GujRERA portal has been developed following the provisions of the RERA Act as well as GujRERA regulations. The new portal will facilitate business in the real estate sector by removing the need for paper-based registration, change, and extension processes. The portal will be faceless and paperless.… Read more
Central West Delhi is the New Hotspot for Opulent Lifestyle
Central West Delhi is shaking up the Delhi real estate market Central West Delhi used to be overshadowed by the glamour of South Delhi & Gurugram. Now, luxury home buyers are flocking to this area. For a long time, South Delhi has been synonymous with luxury and high-end living. But now Central West Delhi has taken the lead, with its upgraded infrastructure, immaculate properties, and state-of-the-art amenities. This shift is part of an overall trend of strategic growth, better connectivity, and luxury residential projects that cater to Delhi’s affluent class.… Read more
What are the Benefits of AI for the Real Estate Sector?
Tags: Real EstateTechnology
Artificial intelligence (AI) is used in the planning, design, and modeling of buildings, making the process more precise and efficient. Building models are built off-site, saving time and money. AI can be used to monitor job site safety and identify hazards before they become an issue. AI algorithms can analyze many design options before the ground is even dug. This optimizes cost, energy performance, structural integrity, and material use. AI can also predict budget overspending, project deadlines, and the impact of design changes, helping with decision-making and reducing the risk of delays and increased costs.… Read more
The Yamuna Expressway: A New Beginning
Yamuna Expressway has been a major real estate destination in recent times due to its open space and pollution-free lush environment. The ongoing construction of the Jewar International Airport will further increase the real estate potential of this area. As the prices of land in Greater Noida, particularly industrial land, have gone up, investors are looking to the Yamuna expressway area for investment. The arrival of industries will bring in jobs, which will drive the real estate classes of the area together. The Jewar airport will be a major boost to the area’s real estate potential. In the next 4-5 years, this area will become self-sustainable in terms of employment, markets, and transport.… Read more
Property Prices in India’s IT Clusters are Rising by About 30%
In the past three years, property prices in India’s tech-centric areas such as Bangalore’s Whitefield, Hyderabad’s HiTech city districts such as Gachibowlli, and Pune’s Gondapur, have seen a sharp increase in the value of their residential properties. All three of these areas were at the top of the list of the micro residential markets with the highest increases in property prices from October 2023 to October 2020.… Read more
Report: India requires 2 billion square feet of healthcare space to meet the country’s current demands
Tags: IndiaInfrastructure
According to a global healthcare report by Knight Frank, the real estate consultancy, global investment in healthcare real estate has reached $38 billion, accounting for about 4.3% of global real estate funding. India needs an additional 2 billion square feet of real estate to meet the needs of its current population, as the country’s bed-to-population ratio stands at 1.3 beds for every 1,000 people. India’s healthcare sector has grown at an average annual rate of 18 percent and accelerated with the pandemic as it strained the healthcare sector’s infrastructure and service delivery.… Read more
Why do NRIs need a Power of Attorney?
A Power of Attorney (POA) is a person who is legally responsible for the actions and misdeeds of the principal person they represent as a home-buyer. In India, many property buyers use a POA to help them with transactions related to purchasing a home. These transactions may include capital purchase of land or home, lease, sale of the property, or mortgage. When purchasing a home, you must hire a trusted and reliable power of attorney to assist you with the purchase process. A POA is commonly used by non-resident Indians (NRIs) looking to purchase property in India.… Read more
NRIs Travel Down to the South to Invest in Real Estate
Tags: IndiaReal Estate
The total NRI population in the world is 32,2 million. The largest NRI population is in the USA, with 13 percent of its population residing there. Saudi Arabia has the second largest NRI population, with 12 percent. In 2020, over 75 percent NRI population in South India looked for real estate investments, according to a study conducted by an online property portal. There is a huge influx of young people from the southern states, who either go to study abroad or work in other countries. Once they make enough money, they want to invest in property in their home state or a big city within their state. The southern markets have never been cheap, and developers in the south have … Read more
