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Global Luxury Realty Conclave: Window to Global Luxury Real Estate

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Global Luxury Realty Conclave: Window to Global Luxury Real Estate

Fluctuating market dynamics and unpredictable global situations are the key factors that impact and influence the Real Estate industry. North India Sotheby’s International Realty will debate and discuss the future of the Global Luxury real estate market at its first ever Global Luxury Realty Conclave in association with Confederation of Indian Industry (CII), to be held in New Delhi on February 25-26 at The Taj Palace Hotel. Global Luxury Realty Conclave, a much-awaited convention and exhibition, will bring leaders and stakeholders in the world of luxury real estate under a single roof. In its capacity as an international networking platform of high repute, the event will welcome representatives from Sotheby’s International Realty® in India and overseas , experts from the global luxury real estate industry, real estate developers, individuals with high net-worth, attorneys, and other stakeholders in the real estate industry. Led by innovation and designed to perfection by Sotheby s International Realty , a much-recognized luxury real estate brand, the Conclave will showcase the global developments and changes in the niche segment of global luxurious real estate.

 

Global Luxury Realty Conclave: Window to Global Luxury Real Estate

Partnered by other apex industry bodies like Royal Institution of Chartered Surveyors (RICS) and Price water house Coopers (PwC), the two-day event scheduled at The Taj Palace Hotel will provide a unique platform to interact with top business minds in the Luxury Real Estate industry. There will also be an exhibition showcase of Indian & International properties along with panel discussions on the real estate sector.

Aiming to get real estate thinkers, developers, buyers, brokers and other stakeholders together, this global convention will offer an exhaustive repository of the most wanted, exquisite luxury properties located worldwide. The exhibits on show will feature the USPs and all noted features of residential properties steeped in opulence and luxury – which will be of special interest for those who care for nothing but the best. The conclave will provide helpful opportunities for participants to engage in interactions with tax advisors, attorneys and other domain experts. The participants at the conclave will encounter discussions on avenues to understand and undertake mortgages, liberalized remittance schemes, citizenship by investment in select countries, immigration formalities, and more. As the ownership of any luxury property overseas is fast becoming a trend and passion among the super-rich investors of all nation the given opportunities will help participants take the right decision. The conclave will also offer attractive ways of owning homes abroad with discussions on tax efficiency, children’s education, stability and security, investment opportunities, better standard of living, and ease of travel.

The Global Luxury Realty Conclave will also lay focus on the real estate purchase behavior of NRIs and the paradigm shifts in the luxury segment of real estate in India. It is expected to throw light on the fast catching concept of investments in world class branded homes within the country, contribution of acclaimed international architects, innovative architecture, concierge and other services that are a part and parcel of basic amenities demanded by NRIs and high net-worth individuals seeking individuals seeking ownership in luxury real estate.

The barometer of a country’s economic health is presented through higher aspirations and the disposable income in the hands of its investors. And, India is no different. The decade-old upturn in Indian economy has resulted in greater disposable income for serious investors aspiring to own beach residences, golf retreats, mountain homes, and properties in scenic locations, including a consistently rising demand for second and vacation homes. The participants and exhibitors at the Conclave will will discuss the global trends impacting the purchase and sale of such properties located worldwide.

The conclave will cover an extensive range of topics of interest to the stakeholders such as ‘Global Real Estate Market Overview & Buying Behavior of Global Indians’, ‘Changing Face of Indian Luxury Real Estate & Buying Behavior of NRIs’, ‘Policy Changes affecting the Real Estate Sector’, ‘Recent Developments Impacting Domestic & International Real Estate’, ‘Global Trends in Vacation & Second Homes – Domestic & International’, among others. One of the primary sessions of the Conclave will encompass talks on the changes and impact of the Indian Union Budget 2017, interest rate fluctuations, RERA, REITS, tax policies, and mortgages pertaining to investments abroad. It will also consider the policy changes that would affect the Indian real sector in direct and indirect terms alike. Among the main highlights of the Conclave is its session pertaining to the recent economic and socio-political developments that are expected to impact the real estate scenario in India and abroad. The concerns left behind in the minds of real estate investors (specifically those looking towards investments in luxury properties abroad) by the results of the US elections, BREXIT, and demonetization will be voiced and discussed by participants and global real estate market experts.
The conclave will witness the coming together of representatives of Sotheby’s International Realty and real estate developers from UK, Maldives, USA, Canada, Malta, UAE and other countries, Sotheby’s Auction, handpicked luxury developers from various states of India, firms aiding US immigration, Citizenship by Investment (CBI) advisors, tax advisors, solicitors and mortgage brokers for properties located worldwide

At the Conclave, where entry is by invitation only, affluent buyers are likely to get a peep into the ways in which art and luxury real estate are correlated to offer the highest levels of creativity and exclusivity. The session on “Art & Design in Real Estate” will bring to light how luxury property owners are investing in art to add further value to their luxury homes.

The conclave will witness the coming together of representatives of Sotheby’s International Realty and real estate developers from UK, Maldives, USA, Canada, Malta, UAE and other countries, Sotheby’s Auction, handpicked luxury developers from various states of India, firms aiding US immigration, Citizenship by Investment (CBI) advisors, tax advisors, solicitors and mortgage brokers for properties located worldwide.

Some of the prominent exhibitors expected to create long-lasting impacts on the investment and purchase decision of the participants at the Conclave include North India Sotheby’s International Realty; Lillie Square, London; US Immigration Fund; Soneva, Maldives; Paras Quartier, Gurgaon; TATA Housing; Ambience Group ; Canada Sotheby’s International Realty; Malta Sotheby’s International Realty and Amoravida, Goa. With all this and a lot more in store for all stakeholders of luxury real estate in India and across its borders, Global Luxury Realty Conclave, which is geared to hog the limelight in the last week of February 2017, is a not-to-be missed event.

Mr. Jamie McMullan, Director EMEIA region, Sotheby s International Realty , will open the conclave with the welcome address. Mr. Amit Burman, Vice Chairman, Dabur India Ltd & Chairman, North India Sotheby’s International Realty, will deliver the keynote address. Inaugural Address will be delivered by Mr. Amitabh Kant, CEO, NITI Aayog. Some of the key speakers at the sessions include Mr. Rajeev Talwar, CEO, DLF Limited, Chairman, NAREDCO, Mr. James Lane, Head of Sales, Capital & Counties Properties PLC, UK, Mr. Dinesh Arora, Partner, PwC India, Ms. Bharti Gupta Ramola, Markets Leader, PwC India, Mr. Sunil Agarwal, Director & Associate Dean, RICS School of Real Estate, Ms. Prerna Mehndiratta, Partner – M&A Tax, PwC India, Mr. Tarun Mehrotra, National Head, Marketing & Sales, Tata Housing Development Company Ltd., Ms. Raseel Gujral, Founder, Casa Paradox, and Mr. Uttam Dave, CEO, Amoravida – Luxurious Bungalows, Goa.

Announcing the conclave, Amit Goyal, CEO, North India Sotheby’s International Realty said, “We are delighted to host the first ever Global Luxury Realty Conclave 2017 in partnership with CII along with PwC & RICS as knowledge partners. Economic Times as media partner.The conclave aims to showcase select luxury properties from India and overseas as well as bring industry thought leaders together on a common platform to discuss the varying trends in the luxury real estate sector.The attendees will be exposed to the latest trends including the impact of changing policies on Global Real Estate and the future potential of Indians buying abroad. Delegates will understand the changing consumer trends and how they have influenced the way the world buys homes in the future.”

Jamie McMullan, International Servicing Director EMEA Region, Sotheby’s International Realty® said, “The Conclave is a great platform to leverage the Sotheby’s International Realty brand’s global presence and reach out to the wide Indian diaspora spread across the world. I am pleased to be a part of this wonderful opportunity wherein our brand is recognized as a benchmark of global perfection”

Chandrajit Banerjee, Director General, Confederation of Indian Industry said,”CII has collaborated with North India Sotheby’s International Realty to take an initiative to highlight the fast paced changes in global real estate industry which is one of the most imperative sectors of the economy. Bringing together thought leaders, industry experts and real estate stakeholders from around the world, the conclave will emphasize on Indian & International Luxury Real estate.We aim to put together our knowledge, experience and resources to host a remarkable global real estate program”

About Sotheby’s International Realty Affiliates LLC
With more than 850 offices and 20000 sales associates across 65 countries and territories, the brand’s purpose is to artfully unite extraordinary properties with extraordinary lives – servicing the needs of the most prestigious clientele in the world.

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.

Whether it’s the Company’s globally accessed official website or the 35 network websites attributed to Sotheby’s International Realty; the listings published therein include a large inventory of competitively priced luxury homes to match the lifestyle choices of discerning clients

About North India Sotheby’s International Realty

The Indian segment at the Luxury Realty Conclave will have instant, localized brand recognition of the Company, courtesy the participation of North India Sotheby’s International Realty, which was established in July 2014. North India Sotheby’s International Realty has created a niche market for itself in the world of luxury real estate, specifically in terms of residential properties in most parts of North India. It deals with affluent citizens, top-notch real estate developers, and benchmarked influencers through a dedicated team of industry veterans, retired bankers, wealth management professionals, and many others.

The team is adept in handling all nuances and processes of luxury real estate dealings. In India, their listings include luxury properties in NCR, New Delhi, Jaipur, Chandigarh, Dehradun, Rishikesh, and other thriving cities of North India. For the participants who know a little less about the successful operations and listings of North India Sotheby’s International Realty, it is worthwhile to note that the firm has enlisted the best properties from India.

Source: economictimes.

 

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

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NTR Housing Scheme In Full Swing: Chief Minister N. Chandrababu Naidu

On Thursday, Andhra Pradesh Chief Minister N. Chandrababu Naidu said with the estimated expense of Rs. 5,556.74 crore, the construction of more than 2,44,164 houses, out of the proposed 3,03,044, has been commenced under the NTR Housing Scheme 2017.

While addressing the second day of the Collectors’ Conference he also said the construction of the remaining houses will begin soon. He mentioned that Prakasam and the Kurnool districts are ahead of the schedule in the urban housing scheme. Also, the works are in full swing in the Nellore and the Guntur districts under the rural housing scheme.

According to Naidu, the government will complete 2.5 lakh houses by January next year and another lot of two lakh houses by June.

By October 2, 2018, the state government intends to finish the construction of all the houses and plans to celebrate with massive house warming ceremony with local public representatives. This will help them set an example for housing schemes in other states.

Also Read: Raunak Group Presents Apna Pehla Ghar Campaign

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A Mumbai Suburbs’ Swift Transformation From Industrial To A Residential Zone: Wadala

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A Mumbai Suburbs’ swift transformation from industrial to a residential zone: Wadala

An industrial zone primarily, Wadala has undergone a drastic transformation in the past decade. Now an upcoming residential area, this Mumbai suburb is one of the seven islands to form the modern Mumbai. It is located on the Harbour line of Mumbai’s railway network.

Due to its proximity to BKC, large scale land development was inevitable, thus fueling the real estate market. Wadala is bordered by Dadar on the West, Matunga on the Northwest and Sewri on the South. Nestled between south Mumbai and the suburbs, Wadala enjoys strong connectivity by road and rail to most parts of Mumbai.

It has a number of flyovers like the Anik Panjrapol Link Road, Elevated road and Santacruz flyover. Thane, CST and Chembur are connected via the Eastern Highway while the Western Highway connects the locality to Bandra and Borivali. Wadala has the biggest bus depot in Mumbai. Furthermore, the multiple infrastructure initiatives like the monorail, Truck Terminal and the expansion of Highway are in various stages of development.

All this has given rise to residential demand and pushed the property value over the last few years. One of the most populated areas in Mumbai, Wadala has a large number of old temples, churches and dargahs, university campuses, schools, reputed hospitals and is also home to a former world’s largest IMAX dome theater. There are many stores, showrooms and malls around Wadala like the R Mall, High Street Phoenix and Palladium Mall.

Ramesh Nair, COO – business and international director, JLL India says, “A decade ago, property prices at Wadala were as low as Rs 2,800 per sq. ft. and it rose to Rs 14,000 a few years ago.”  As the infrastructure plans are on their way, so are the renowned developers like Ajmera, Dosti Group and Lodha Group among others.

Wadala at present offers one of the highest returns on real estate investments in the region. All the above-mentioned developers have their luxury projects in the area.

Ajmera I-Land introduces Aeon, Zeon and Treon towers with 2, 3 and 4 BHK plush homes. Conceptualized by renowned Singapore based Architects Space Matrix, these spaces with top-of-the-line lifestyle amenities exude exemplary class and finesse. The first residential floor begins at 110 feet from the ground level and offers several modern lifestyle amenities like kid’s pool, swimming pool, gymnasium, club house, open space and landscaped gardens, yoga room, kid’s play area and senior citizen corner.

Dosti Ambrosia is a 36-storey tower nestled in the 18 Acre Township of Dosti Acres. The architecture of the project was undertaken by renowned Hafeez Contractor in the 2 and 3 BHK apartments. It offers an exclusive rooftop swimming pool with 40,000 sq. ft. of landscaped gardens. You will find all modern conveniences like Gymnasium, Tennis Court, Indoor Badminton Court, Yoga and Meditation Room, Elderly Corner, Banquet Hall, Indoor Games, Indoor Badminton Court, Guest Rooms, Restaurant, Grand Entrance Lobby, Kids Play Area, 2 Club Houses and an Amphitheatre.

New Cuffe Parade by Lodha Group offers its residents all the comforts of a world-class lifestyle. The 2 and 3 BHK homes are spread in over 23 acres of land with 15 acres of stunning landscape and 75,000 sq. ft. of the club house. It includes 11 swimming pools, an organic farm, cricket pitch and multiple themed gardens. The buildings are designed by the world renowned WOHA in Singapore and the landscape was planned by Sitetectonix in Singapore.

Also Read: Mumbai to get Building Taller than Burj Khalifa, Road Bigger than Marine Drive

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Rajasthan Government May Hike The Affordable Housing Prices

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Rajasthan Government May Hike The Affordable Housing Prices

The prices of homes under the ambitious Mukhyamantri Jan Awas Yojana are expected to be increased by the state government.

According to the sources in the empowered committee meeting to be held on Monday, a proposal to increase the cost of a low-income group (LIG) and economic weaker section (EWS) houses will be proposed. Urban development and housing (UDH) minister Srichand Kriplani will chair the meeting. The LIG and EWS houses, presently are being constructed on government lands by private builders. These homes are sold at a fixed rate of Rs 1,250 per sq feet; out of which 1000 rupees per sq ft is given by Urban Improvement Trust (UIT), development authorities and local bodies to the builders.

According to provision 4(A) and 4(B), the developers are supposed to build EWS and LIG houses on government land. Seventy-five percent of such government land can be used in building EWS and LIG houses, while the remaining 25% can be sold by the developers. However, since the rates provided by the government are less the developers are not showing interest to construct houses under these categories. Sources said, “In Jaipur, not a single developer has shown interest in constructing houses under this model. The JDA has invited expression of interest (EOI) several times.”

The UDH is leaving no stone unturned to attract the builders in order to achieve the target of constructing 10 lakh houses by 2019. The sources mentioned, “As per the new proposal, the department has proposed to provide Rs 1,600 per sq feet rate to the developers. The land rates have increased subsequently over the period of time; this is why increasing rates has become a need of the hour.”

Sources further added, “The developers are constructing G+3 buildings at present. However, it is not cost-effective. It has been proposed to construct G+2 buildings for LIG and EWS category.”

Also Read: The Impact Of Regulations On The Real Estate Market

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