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Colliers International forecasts strong growth in Asia Pacific property markets, India among the key markets

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Colliers International forecasts strong growth in Asia Pacific

Noida: Since the global financial crisis, aggregate outflows of capital from Asia to property markets in the rest of the world have risen sharply to reach $58.9 billion in 2016, while inflows have stagnated at under 30% of this level.

Noida: Since the global financial crisis, aggregate outflows of capital from Asia to property markets in the rest of the world have risen sharply to reach $58.9 billion in 2016, while inflows have stagnated at under 30% of this level. This heavy investment outside Asia has been led by mainland Chinese groups, which represented 43% of Asia-to-global flows last year, and has been focused on the US.

Despite firm near-term US economic prospects, “we expect slower RMB depreciation and political pressures to cause Chinese investors to shift towards Asian markets from 2017. The economic environment in Asia Pacific looks mostly healthy as we move into 2017. India is achieving real GDP growth of 7% y-o-y, and a firm investment demand,” Colliers International said on Wednesday.

Colliers International believes that it may be fantasy to expect Asian property capital flows to reverse in 2017: outflows should slow, but inflows may only rise slowly. Asian property investors may see particular investment opportunities in China, Hong Kong, Singapore and India over the medium term.

“The strong economy with above 7% growth in the coming year, controlled inflation close to 4% on a sustained basis, and proactive policy initiatives by the Government are likely to improve India’s attractiveness to investors. With a number of Chinese investors scouting for opportunities in the Indian market, the capital flow in real estate is likely to increase in the coming years,” said Surabhi Arora, Senior Associate Director, Research at Colliers International India.

The following key opportunities exist in the Indian realty market:

Office market: Demand for office space should remain strong for the next few years in the technology-driven markets like Hyderabad, Bengaluru, Pune and Chennai. These are markets where investors should look for investing in quality buildings; however, as most of the inventory is strata-sold and there is a limited availability of Grade A commercial assets, investors may look to invest at the land stage and build the Grade A assets along with the developer.

Industrial Property market: The industrial property only accounts for 9% of total property transaction volumes in Asia and there is ample scope for this proportion to increase. While the economic growth in Hong Kong has been accelerating, the growth in the Singapore economy had picked up pace in late 2016. Overall, Colliers International is cautiously positive about prospects for industrial property in Asia in 2017. However, the threat of high tariffs on Asian imports by the incoming US administration carries risks.

“Over the medium term, the flagship programme of the Modi government to boost India’s image as a global manufacturing hub, combined with the opening-up or relaxation of barriers to foreign direct investment in several sectors, should create new opportunities in industrial property. Recently, the government has identified five main industrial corridors that are designed to be the epicentre of its industrialisation strategy,” says Colliers International, adding that the government is planning to create 100 “smart cities” along these corridors to support industrial development.

Residential Market: In India, in the near term, market confidence has been adversely impacted by demonetisation. However, mid-segment projects with realistic pricing are enjoying fair success in both the primary and the secondary markets. The Indian government granted infrastructure status to affordable housing in the Union Budget 2016-17. Consequently, this property market segment is eligible for various tax incentives and cheap funding. To give a demand side push, the government has also provided interest rate subsidies to the buyers. Investors may look to enter in this segment to reap an early mover advantage. The investors can also look for bulk buying in under-construction residential projects in cities such as Mumbai and Delhi- NCR. These cities have high-unsold inventory in under-construction projects, so investors can receive attractive discounts. Looking ahead, new regulations and probable further cuts in interest rates should allow sentiment to pick up steadily over 2017.

SOURCE:FINANCIAL EXPRESS

Chennai Real Estate News

Home Buyers Lose The Agents And Opt For Digital Route

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property

With passing time digital media is becoming the preferable choice of the buyers as well as the developers. Developers are going to online platforms and social media to reach out to their target audience and also the buyers are increasingly going online for searching homes. This makes digital media a mainstream platform to advertise in real estate industry.

C Shekar Reddy, Immediate Past President of CREDAI explained why digital platforms are becoming more popular in the real estate. He said, “IT employees, NRIs form the majority of home buyers today who are tech savvy and use their smart phones for searching homes. Also most of the home buyers today are being influenced by social media while purchasing a home or property. As a result builders and realtors are putting utmost focus on digital platforms to reach out to potential consumers”.

The growing trend can be observed by the way the builders are spending on online platforms. It is far more than traditional marketing and publicity avenues unlike past. Builders have also become conscious of their presence and reputation on property portals and other online platforms. They are taking each step carefully so they can make the right connect with their buyers.

K Sreedhar Reddy of Telangana Real Estate Developers Association explained the growing importance of digital media, said, “Digital platforms and social media provide builders a chance to reach to the consumers in a more focused way. Also they can track the efficiency of strategy online. The cost of acquiring customers through online and social media is also lesser when compared to other advertising channels. Therefore digital platforms are becoming popular in realty sector”.

As per the inside sources, this trend is not only visible in the metros like Mumbai, Chennai or Hyderabad but also in Tier II & III cities. Customers as well as developers, both are relying more and more on digital platforms.

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Ahmedabad Real Estate News

CREDAI New India Summit

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credai new india summit

CREDAI is the apex body that represents over 12,000 private Real Estate developers spread across 23 state-level chapters and 177 cities in India. Established in 1999, CREDAI has worked hard to make the industry more organized and progressive by networking closely with Government representatives, policymakers, investors, finance companies, consumers and real estate professionals.

The New India Summit is another such effort from CREDAI to direct focus on Tier II, III and IV cities and develop them to be the forerunners of success. CREDAI New India Summit is all set to unleash the potential of an emerging India. This one small step has the power to give way to a new India.

For the longest time, our leaders and foresighted influencers have put all their time and energy in developing the Tier I cities namely Bengaluru, Mumbai, Delhi, Pune, Ahmedabad, Hyderabad, Chennai and Kolkata. No doubt, these cities have really changed the way people look at India today. These cities are the epitome of advanced technology and modern culture. But they also face challenges due to the grave pressure of urbanization. Decreasing quality of life, increasing the cost of living, overpopulation and unemployment, increase in transit time and traffic congestion, expensive housing, hospitality, education and healthcare facilities are some of the issues that all the Tier I cities face today.

According to a report, smaller cities are developing 79% faster as compared to metros with just 21%. Our of the 12,000 CREDAI members, 76.77% of them are from Tier II, III and IV cities. Looking at the scenario, it is only innate to divert the energies in developing the areas which still have potential. Thus, offering a good quality life to people in those cities itself and taking the pressure off of the Tier I cities.

The Forbes Magazine has said small cities are India’s emerging business locations. The government has also been putting dedicated efforts into schemes that directly benefit the growth of Tier II, III and IV cities. Sustainable economic development, improving infrastructure and transportation, increasing employment opportunities, and introducing technologies for rapid urbanization are some of the prime agendas that the government has been taking actions on.

The CREDAI New India Summit will take place on the 9th and 10th November 2017 in Nagpur, Maharashtra.

Also Read: FS Realty Bags The 9th Realty Plus Excellence Awards (North) 2017

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Ahmedabad Real Estate News

Tata Value Homes Launches “Offer Of The Century” With 99 Hours Flash Sale on Affordable Homes

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Mumbai, Maharashtra, India

Tata Value Homes – a 100 % subsidiary of Tata Housing – one of the leading real estate development companies in India, today announced the launch of ‘99 hours flash sale’ on Tata Value Homes across India. Through this offer, Tata Value Homes will enable customers to own their dream home with 99 percent funding by select banks. The scheme is applicable on the first 99 units across the projects and for a limited time frame of 99 hours starting from 2nd November to 6th November 2017.

Mr Rajeeb Dash, Head – Corporate Marketing, Tata Housing, said, “Tata Value Homes pioneered affordable housing in India and continues to introduce innovative offers to encourage fence-sitting buyers to take a first step towards owning a home. Customers have always been central to our business and this unique 99 hours flash sale is tailored to connect aspirers with their perfect residence from our diverse portfolio of projects.”

To avail the scheme, customers will have to log on to www.tatavaluehomes.com between 23rd October to 1st November and register using basic details. Post registration, customers can visit the site between 2nd November to 6th November 2017 to check for loan availability within 30 minutes and walk away with the allotment of the unit with a loan of 99% of the agreement value.

As the leading provider of homes under affordable housing segment, Tata Value Homes develops affordable housing that goes beyond merely providing a house, to one with a ‘neighbourhood and community’. The first 99 customers will have the convenience to buy a home from the Tata Value Homes projects such as New Haven, Bahadurgarh; New Haven Compact, Ahmedabad; Shubh Griha Ahmedabad; New Haven Boisar I & II; La Montana, Talegaon; New Haven Bengaluru, Santorini, Chennai; New Haven Ribbon Walk Chennai.

About Tata Value Homes Limited

Tata Value Homes Limited is 100% subsidiary of Tata Housing Development Company Limited, established in 2010, to exclusively focus on value and affordable housing. The vision of Tata Value Homes Limited is to be the largest home provider in India. Tata Value Homes Limited has introduced two pan-India brands – Shubh Griha (Value Homes) and New Haven (Affordable Homes). Tata Value Homes Limited is also developing a Mediterranean themed project “La Montana” near Talegaon, Pune, while Shubh Griha is currently being developed in Boisar & Vasind near Mumbai and Ahmedabad, and New Haven is currently being developed at  Bosiar,  Ahmedabad and Bengaluru. Tata Value Homes Limited today has projects in Mumbai, NCR, Ahmedabad, Bengaluru,  Chennai and Pune.

About Tata Housing

Tata Housing is a closely held public limited company and a subsidiary of Tata Sons. It is the first corporate to pioneer the concept of real estate development in India. It is widely recognized for quality construction, ethical and transparent business practices and timely delivery of properties. It has a pan-India and international presence with demonstrated capabilities in Construction, Engineering, Commercial / IT parks, Housing and Township development. It is known for international standards of design and green sustainable developments.

Also Read: Over 2 Crore Affordable Houses To Come Up Over Next Three Years

 

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