Indian Property

India Union Budget 2014 has been presented by the finance minister, Arun Jaitley. Here are the reactions from real estate industry players. Ms. Manju Yagnik, Vice Chairperson, Nahar Group “We welcome the budget presented by the honorable Finance Minister. From real estate point of view, we feel it is a mixed budget. Allocation of funds for creating housing stock through development of new cities, national housing program, low cost housing through National housing bank is sure to create massive opportunities for construction across the country. Introduction of Real Estate Investment Trust is another decision to welcome as this will safeguard the interest of the investors and help in creating transparency in real estate transactions. The limit of rebate on interest on Housing loans has been increased to Rs 2 Lakh from Rs 1.5 Lakh is also one of the positive aspect of the budget." "While, the above announcements are sure to bring in some positivity in the sector, the in...

By Anuj Puri, Chairman & Country Head, JLL India The Union Budget 2014-15 was presented in the parliament under economic circumstances that required tax revenues to keep pace with targets. Considering the state of government finances and the current situation – below-normal monsoons, Middle East tension leading oil price volatility, the weakness of the India rupee etc., there was not much room for populism. However, considering the high inflation and curtailed savings that they have had to contend with for some years now, taxpayers still expected a fair shake from the new government, such as enhanced deductions, reduction in tax rates, interest subvention on home loans and tax incentives to affordable housing. The Finance Minister took a cautious, yet courageous path with his budget announcement: Ø   Housing In terms of relief to the housing sector, the budget has allocated Rs. 4000 crore for low-cost housing schemes. Apart from this, he...

Are you looking for a residential project inNoida Extension (Greater Noida West)? Sikka Kaamya Greens by Sikka Group might be the right option if you are looking for affordable homes with good surroundings within your small budget. Sikka Kaamya Greens, Noida Extension (Greater Noida West), is a residential project by Sikka Group based on the green building concept. The project features rain water harvesting plant, garbage treatment plant, solar panel for lighting up street lights, waste-water treatment and huge lush green gardens in the surrounding area. It offers a serene and tranquil atmosphere for habitation to the residents of Sikka Kaamya Greens Noida Extension. Sikka Kaamya Greens: Affordable Eco-friendly Homes Sikka Kaamya Greens is located in Sector 10 of Greater Noida West (Noida Extension). It is in close proximity to all necessary social infrastructure such as schools and hospitals and also proposed metro station. All sorts of infrastructure facilities together wi...

Total warehousing space requirement in India expected to grow at a CAGR of 9% from 919 mn sq. ft. in 2014 to 1,439 mn sq. ft. by 2019-India Logistics & Warehousing report 2014 Knight Frank India launched the first edition of India Logistics & Warehousing Report 2014 on 7 July 2014. The report explores the present scenario of the Indian Logistics sector along with providing a definitive view on the Mumbai and Pune Warehousing markets. • Manufacturing will continue to remain one of the biggest demand drivers of the warehousing sector with an annual requirement of 61 mn sq. ft. of incremental space between 2014 and 2019 • With the government’s renewed focus on incentivizing the manufacturing sector, the logistics market will reap the benefits in the coming years • Investment in warehouse can provide an opportunity of 12-20% returns per annum • The biggest challenge though for manufacturers is the present Central Sales Tax structure which is forcing c...