For many Indians, the dream of building their own home is a significant milestone. However, before you can start envisioning the design and layout of your dream home, there is a crucial step that requires careful consideration – buying the right land. Purchasing land for home construction in India is a multifaceted process that involves navigating legal, financial, and practical aspects. In this article, we will explore the key factors to keep in mind when embarking on this journey to ensure a smooth and successful land acquisition process.… Read more
Gift of Property in India: Navigating Legalities and Emotions
Tags: IndiaReal Estate
Gifting a property is a gesture that goes beyond the ordinary realms of generosity, encapsulating both emotional and financial dimensions. In India, where traditions intertwine with contemporary legalities, the process of gifting a property involves a nuanced understanding of laws, taxes, and familial customs. This article aims to be your definitive guide, providing insights tailored for Indian readers on everything you need to know about gifting a property in the country.… Read more
The Best 5 Well-Planned Cities in India
India, a land of diverse landscapes and cultures, has witnessed rapid urbanization over the years. As the population continues to grow, the importance of well-planned cities becomes paramount for sustainable development. In this article, we explore the best 5 well-planned cities in India, each exemplifying thoughtful urban design, infrastructure, and quality of life. For Indian readers, understanding the success stories of these cities provides insights into the possibilities of harmonious urban living.… Read more
India’s Real Estate Market at the End of 2023: What’s on the Horizon?
Tags: IndiaReal Estate
India’s economy has been on the mend with a strong GDP growth rate and an emphasis on infrastructure development. This has helped to revive the real estate market with a massive demand surge in 2023, driven by economic growth, policy reforms, and changing consumer dynamics. The upturn in the real estate market in India can be attributed to several factors. First, stable economic conditions instill confidence in investors, creating an environment conducive to property transactions.… Read more
Global Private Credit Investors Drawn to India’s Booming Real Estate Sector
Tags: Real Estate
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
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
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
Yasho Bhoomi: India’s Big Bounce in Conference Tourism & Real Estate Boom!
Tags: Real Estate
Prime Minister Narendra Modi has recently inaugurated India’s biggest convention center, “Jasabhoomi” at Dwarka in Delhi. This ambitious project is expected to transform India’s position in the international conference tourism sector, which is estimated to be worth Rs 25 lakh crore. As a real estate specialist, I will discuss the intricacies of JASBHOMBIA’s effect on Dwarka expressway property. The inauguration of JASBhoomi is in line with Prime Minister Narendra Modi’s vision to increase India’s share of global conference tourism, which is currently at a paltry 1 percent. Jasbhoomi, along with Bharat mandapam, symbolizes India’s determination to host international conferences, meetings, and exhibitions, demonstrating a bold move towards global prominence.… Read more
India Still a Potential Market Despite the APAC Commercial Real Estate Deals’ Tough Spell in Q3!
Tags: Real Estate
Asia-Pacific commercial real estate hit a three-year low in third-quarter 2023, with deal volumes falling 37 percent year-on-year to $25,7 billion, according to a report from MSCI, the region’s largest commercial real estate market, and the lowest level since 2010. The report says the previous quarter was promising, but the story of a “higher for longer” interest rate environment put a damper on optimism for an early rebound. Most of the region’s countries saw a decline in deal volume. India accounted for 44 percent of the increase at $1,5 billion, led by Brookfield’s $683 million sale of 50 percent of its Mumbai office portfolio to Singapore’s GIC. … Read more
