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Showing posts from January, 2020

Only 25% projects in Telangana between 2017-19 are RERA - Padmasri Townships

Only 25% of the total real estate projects sanctioned in Telangana  between 2017 and 2019 are RERA-compliant, reveal records. While the state saw over 6,000 ventures being green signaled during this period 80% of them in Hyderabad the Telangana State Real Estate Regulatory Authority (T.S RERA)  data shows only 1,550 of them have the mandatory Rera registration number. The Rera regulations in Telangana formulated in July 31, 2017, made it compulsory for all projects “whose building permissions were approved on or after January 1, 2017” to register with the state Rera authority. It also included ongoing projects that were not issued an Occupancy Certificate or Completion Certificate, at the time of rollout. Yet, many projects continue to thrive without the Rera stamp. The most common violations: advertising and selling without registration number, denying compensation to customers as mentioned in the act and employing marketing agents who are not Rera-certified. “I have at le...

Top emerging localities to invest in Hyderabad in 2020 - Padmasri Townships

Hyderabad has been home to one of the fastest-growing real estate markets in India for the past few years. The City Momentum Index 2019 by  JLL ranked Hyderabad  as the second most rapidly growing city among 131 cities surveyed across the Asia Pacific region. During a period of dismal sales and a decline in demand across traditionally high performing markets of the northern belt, Hyderabad and a few other southern cities managed to end the year on a positive note. Buyers have largely been lapping up mid-segment residential projects in these cities which majorly offer 2BHK housing units in the budget bracket of Rs 45 lakh to Rs 65 lakh. The short time duration between planning and execution of infrastructure projects has improved connectivity, green cover and overall liveability index in areas such as Srisailam Highway, Vijayawada Highway, Kompally, Madhapur and Borabanda near HITEC City. Let us take an in-depth look at some of the top-performing localities of Hyderab...

Real estate Sector has Risen Up to 6.5 Billion in 2020 - Padmasri Townships

Investment in India's real estate sector is likely to rise by 5 per cent to $6.5 billion (around Rs 46,000 crore) this year, driven mainly by huge demand for commercial office assets from IT firms, according to global property consultant Colliers. Last year, the real estate sector attracted an investment of $6.2 billion, up 8.7 per cent from 2018 as foreign investors bought many office properties. Foreign funds accounted for about 78 per cent of the total investments in 2019. According to Colliers, India's real estate sector has recorded inflows of $56.6 billion (Rs 410,000 crore) since 2008. "During 2019, investments into the real estate sector touched $6.2 billion (Rs 43,780 crore). During 2020, Colliers projects investments inflows of $6.5 billion in the real estate sector," it said in a report. The consultant expects investors to remain committed to commercial office assets over the next three years, with strong demand and outlook for further rental appreciati...

Realestate Market in Hyderabad 2020 - Padmasri Townships

The year 2019 did not see the much needed light in real estate sector. It continued to remain bleak. It continued to struggle with a funding crisis in the midst of issues plaguing the NBFC and banking sector. This situation has been further worsened by the Indian economic slowdown in the July-September quarter of 2019-20. This has resulted in a poor demand of housing sector. However, there has been an increase in demand in the commercial spaces especially the co-working segment that is taking the office space by storm. So far in the Indian real estate sector two major reforms have come into force – the Real Estate Regulatory Authority (RERA) and the Goods and Services Tax (GST). The current real estate situation is such that there is a huge unsold inventory of 4.5 lakh housing units, even while the overall housing requirement in the country remains high. Let’s see what the year 2020 holds for the real estate sector in India. How will the housing segment fare in the upcoming y...