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Favorite Global Destination of Commercial Real Estate Investors

October 10, 2016October 12, 2016

Indian real estate market is currently going through a rough patch and experts claim the ongoing down phase to continue for a while. But things are not the same in other parts of the world, especially on the commercial real estate front. According to a report from ‘Global Cities’, commercial real estate investment has seen a five-fold rise in twelve months (estimated at $320 billion) starting from June 2015-2016 compared over the same time frame in 2009.

Following market favorable factors are behind such massive cross-border investments, which are expected to continue further and pour more money in the sector.

Volatile Currencies
Negative Interest Rate
Portfolio Diversification

These are top seven destinations where most investments were made in commercial real estate over the last 12 months –

1. New York

Not a shock at all, New York is better known as the world’s financial capital. Given the fact that it was taken over by London in 2015 as world’s best financial center, New York received the largest chunk of real estate investment in 12 months (June 15 -16).

Monetary investment – $26.5 billion

2. London

Called upon as the world’s favorite financial destination in 2015, London in the span of 12 months received second highest cross-border commercial real estate investment.

Monetary investment – $25 billion

3. Paris

The lovers paradise is not only famous for the iconic Eiffel tower but over the past twelve months the city has received great amount of investment in commercial real estate front.

Monetary investment – $7.4 billion

4. Sydney

The country down under has performed very well in commercial real estate, with its capital standing at number four slot globally.

Monetary investment – $ 7 billion

5. Shanghai

Being China’s biggest city and a global financial hub, Shanghai presence at number five spot is no surprise.

Monetary investment – $ 6.9 billion

6. Los Angeles

After New York, if there is any other American state that’s doing great in the commercial real estate sector than its Los Angeles. Seems like it is attracting people for reasons other than Hollywood.

Monetary investment – $6.2 billion

7. Madrid

Spain too has a share in the list with its capital Madrid scoring seventh position. Seems like its modern infrastructure and historic neighborhoods have attracted many investors.

Monetary investments – $ 5.6 billion

Rules for Real Estate Bill Finalised – 10 Changes that’ll Transform the Sector

October 6, 2016

Real Estate Act was long passed by the parliament in March 2016, and now the center has finalised the rules for same. All these efforts are put in by the government to ensure earliest regulation of the real sector in terms of transparency and consumer interest.

At the occasion Union Urban Development Minister M Venkaiah Naidu urged the private sector to join in and contributes its bit to meet the shortage of houses in the country. Also, according to him the bill is a ‘regulation and not a strangulation’.

Here the 10 reformers that this new bill will bring along once it get communicated to the states. Also, states will be given a mere time frame of 6-months to appoint regulators and bring this act into implementation.

Developers will now be required to deposit 70% money acquired from the buyers in a separate cost of construction and land account.
Commercial projects registration with regulatory authority is now mandatory.
For any delays on the part of the developers or consumers, the concerned party will have to pay interest. Thus, ending developers favouritism.
Insurance of land title will be covered under the bill.
Violation of rules will lead to imprisonment, 3 years for the developers and one year for consumer and real estate agent.
Plot area of 500 sqm or 8 apartments are now covered under norms for registration.
Reducing the scope of manipulation, the bill clearly defines carpet area.
Developer now is liable for any structural defects up to a time frame of 5 years. Also, plans cannot be changed without the consent of at least 2/3 allottees.
Remedies will now be disposed in a shorter time frame in tribunals and regulatory authority.

10. Regulators are now required to submit information concerning to lay out plan, agreements, status of approval, project detail, land status, implementation schedule etc. with the regulatory authorities.

Ten Benefits of GST Bill

October 1, 2016

Rajya Sabha made a historical development by paving the way for the goods and service tax bill. The said bill is expected to trigger GDP bump by a percent and even more.

Let’s see what all specific areas will this bill benefit and how.

1. Boost in Revenue, suppliers will pay tax thanks to tax credit. Also, decline in tax exempt goods will give a push to earnings.

2. Replace Many with One; GST will replace seventeen indirect taxes.

3. Fall in Cost of Capital Goods, full income tax credit (under GST) will reduce cost of capital goods by 12 to 14%.

4. Increased Protection from Imports, this new bill provide suitable countervailing duty.

5. Inventory cost will decline.

6. Creation of a Common Market, absence of which increases the cost by 20-30%.

7. Cheaper Manufacturing Goods, thanks to lower tax and logistic costs.

8. Development of All, with no 2% inter-state levy, new opportunists will be created for smaller states.

9. E- Commerce Wings will Spread, GST will put an end to many levies and state restrictions.

10. GPD Rise, thanks to elimination of tax cascading 80 basis point rise is expected in next 3 to 5 years.

India Adopts Global Standards to Measure Residential Buildings

September 30, 2016

In today’s scenario where consumer is considered the market king, one cannot take the risk to under-satisfy this purchasing-power giant even by an atom. In order to ease producers under such stiff circumstances some set standards were integrated helping them creating consumer favorable products. But over the time these standards changed with each passing crossing.

Even the real estate sectors haven’t remained untouched from this multi-standard environment. With global standards varying as much as 27% in residential apartments and 58% in residents home (according to recent RICS report).

Therefore, in order to bring uniformity and consistency in residential property standards globally an international alliance of eighty property firm has launched – Global Standards for Measuring Residential Buildings.

With the implementation of these new global standers the Indian real estate sector will come at par with the high international construction practices. Thus, delivering high quality product to the consumer and ending the long grown confusion among the investors and occupiers in regard to standards that differ from market to market.

Features that Set Apart Trimurty from Other Market Players

September 28, 2016

Trimurty has been in the real estate arena for far too long, with its strong foundation led by Udai Kant Mishra, a trusted and renowned name in the real estate industry. What this man started single-handedly twenty-one years ago is now carried forward by his equally talented and acclaimed sons – Anand Mishra, Abhishek Mishra and Sharad Mishra. With the legacy flowing down the lane, things are only taking a promising turn. The three men are like three active shields that integrate Trimuty’s quality, reliability and care for environment fundamentals intact.

But the big question is what are the strong pillars behind Trimurty’s unbeatable market presence and unstoppable success?

1. Greener the Better

Trimurty Group is a strong believer of SUSTAINABLE development. All its projects are planned taking care of mother earth and the creatures that are dependent on it. Use of recycled material and low carbon footprints are ways through which it maintains a balance between development and nature.

2. Care for the Elderly

Good values flow within Trimurty and it is very well visible through the innovative designs that are integrated keeping in mind the elderly. Take, for example, their latest project Ariana that is equipped with amenities like anti-skid tiles and wheelchair user accessible doors.

3. Labor Safety is Never Overlooked

The safety of the real hard working group, whose sweat and energy go in making your dream home, is amongst Trimurty’s fundamentals. Each site has a fixed kitchen, toilet and medical room, making working environment easy and viable. Also, use of best-in-class safety equipment and safety signage are an integral part of the construction process.

4. Quality Assurance

As mentioned above, quality is one of the foundation blocks of Trimurty and therefore each element from cement to external fittings is used only after appropriate quality assurance.

5. Earthquake Resistant

Fighting natural disaster is never easy but when you are prepared things tend to move on your side. All Trimurty projects have hoop reinforcement (for seismic protection) and crack and dampness prevention, enabling the building with earthquake fighting tools.