REALESTATE

The difference in the overall vacancy rate between successful and unsuccessful malls stands at more than 10% across major Indian cities. Around 14 malls, having a combined mall space of 3.5-4.5 million sq ft, are expected to withdraw from retail operations in the near future

Time is money, and sellers are always on a hurry to move their unclaimed real estate. Culturally, Indians find it inauspicious to invest in anything for the two weeks of the monsoons that coincides with pitru paksh.

While a lot is being discussed and written on Smart Cities, these discussions tend to focus on lofty urban planning perspectives and complicated economic hypotheses. This has resulted in Smart Cities becoming something of an unfathomable doctrine rather than something that makes sense to Mr. Everyman.

Integrated township living is still something of a novelty in India, the concept of living in integrated residential communities is definitely not. If we look at how configurations like villages work, then it emerges that Indians have been living in integrated residential communities for a very long time indeed. Of course, integrated townships are a far more specialized and sophisticated real estate model - and one which is becoming a very important one for various reasons.

It is no secret that home buyers can save up to 30% of the cost price of a property by investing at the pre-launch stage of a project. This is, in fact, the most popular mode of property investment among Pune property buyers. Essentially, this is seen as a riskier method of property investment, as one is investing in a 'product' that has yet to be 'manufactured'

According to the Annual Realty Report by Commonfloor.com, more than 230 residential projects were launched in Pune across 2014, and 22% of these were in the southern region of the city, which includes Undri.

Maharashtra government’s new IT / ITeS policy is starting to help Navi Mumbai. After the introduction of this law, IT campuses currently in the blueprint stage and totalling an area of 3mn sq ft are expected to come up by 2019-20 in the Satellite City.

While the share of dominant sectors like IT/ ITeS and manufacturing has continued to decline, the share of emerging sectors like eCommerce, healthcare and bio-tech increased. BFSI has returned to its long-term average share

Research, over many years, has shown that even if investors can see that they are investing in real estate at the peak of the market, they adopt a boom-time mentality,” says Professor Smith.

The delays in projects have made buyers cautious of defaulting developers. Until they are fully convinced, the buyer will continue to assess the project and the developer before purchasing the property, and this is where the developer’s brand and credibility will come into play.

Piramal Realty is a Mumbai based developer that has over 10 million square feet under development in prime areas of Byculla, Thane, Worli, BKC and Mulund.

Home purchase and property investment are two very separate concepts. A home is one of the things we buy because we intend to put them to use and make our lives more secure and comfortable.