The RERA Effect: Indian Real Estate Waits To Inhale

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

Did demonetisation erase black money in real estate?

Just a couple of months ago, demonetisation appeared to have taken all the remaining steam of our Indian real estate’s sails.

Sales in the significantly cash-driven resale homes market nosedived and prices in this segment declined by as much as 20-25%. They were already trailing primary sales prices by 25-30% in the investor-driven residential corridors before demonetisation.

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Real-Time Ethics In The Real Estate Business

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

We keep talking of ethical real estate business. Is a ‘code of ethics’ just a fancy manifesto you put on your office wall? Does it mean that the company merely steers clear of illegal dealings?

If that was all there is to real estate ethics, it wouldn’t be saying much. After all, thanks to India’s rather unclear legal system, it is possible to follow the path of dishonesty and self-interest without actually doing something illegal.

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The Homes Of India’s Super-Rich

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

While the man on the street continues to wonder when he will be able to buy a modest home of his own, India’s super-rich are raising palatial homes at truly astronomical expense.

Indeed, on the surface, India’s wealthiest appear to operate in an entirely separate dimension which has no overlap at all with the ‘real’ world.

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Guidelines For Indian Citizens Buying Property Abroad

Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.

The real estate market in many countries offers very lucrative investment prospects, with various offers and options.

Apart from that, Indian citizens buying property abroad can often avail of citizenship in the host country. This factor has considerable aspirational value with many.

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Former JLL India Chairman And Country Head Buys Residential Brokerage Business

Global real estate firm sells its India Residential Services Division to Anuj Puri

MUMBAI, 25 APRIL 2017 – JLL is selling its India residential brokerage arm to former India head, Anuj Puri.

Mr Puri, who left the firm on 28 February, has worked closely with the JLL India and Asia Pacific leadership teams to complete the acquisition of Jones Lang LaSalle Residential Private Ltd (JLLR) and will lead a team of 200 residential brokers across eight Indian cities.

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