Gurgaon Real Estate – Steady Growth Ahead

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

The suburb of Gurgaon has been an essential contributor to the urban sprawl that comprises of prime Delhi NCR. The region has become synonymous with a viral-like growth in the past decade and has assumed a homogeneous nature being a well-established business, housing and leisure hub.

The new residential growth comprising of multistoried apartments initially started along its major arterial roads of MG Road, Golf Course Road and later spread down along the main highway connecting it to Delhi–NH-8.

Further along the way as the city started to grow its wings, newer areas were opened up along the Golf Course Extension Road and newer sectors opened up along the proposed Dwarka-Gurgaon Expressway and both sides of the NH-8, beyond the second toll plaza.

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Housing For All By 2022 – The Clock Is Ticking

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

Affordable housing is not just about providing homes to the lower-income strata of society, though that is what the Modi government’s avowed intention behind the ‘Housing for All by 2022‘ doubtlessly is.

Affordable housing creation also has a direct and favourable correlation with the nation’s economy, as well as most other real estate segments. Housing for lower-income wage earners increases the economic strength of any city or region, as it attracts inward migration which creates a bigger manpower pool.

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Decoding The Indian Luxury Housing Story

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

Luxury housing in India is the proverbial sitting duck for target practice in the shooting gallery that is the Indian residential property sector.

Market pundits and the media never get tired of taking potshots at it, and claiming that this segment has got run out – even though Indian luxury housing is actually something of a newbie on the pitch and still has very long innings ahead of it.

Maybe the fact that there are a lot of wealthy people in a country with so much poverty strikes some as an aberration, rather than a reason for pride.

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Understanding The Intricacies Of Real Estate Funding

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

Real estate development remains a highly lucrative business line, which is why most builders retain skin in the game even in the face of strong market headwinds.

However, real estate development also remains a highly capital intensive business, and among the many new market truths that RERA has brought to the fore, the fact that only well-capitalized players will endure going forward stands out.

The ‘time-honoured’ practice of raising funds from the market via ‘pre-launches’ has now become untenable.

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Investors Gearing To Ride The REITs Wave

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

The formation of Real Estate Investment Trusts (REITs) will help in the expansion of the quality real estate universe in India, besides giving developers another instrument to exit their projects.

REITs would own real estate, and most of them are expected to have their shares listed on the stock market. These listings will provide retail investors a good and an entirely new opportunity to participate in real estate’s growth story in India.

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How Will GST Impact The Indian Real Estate Sector?

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

The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few decades. It will most certainly have a profound effect on India’s economic prospects.

A single indirect tax which covers all goods and services will, in the long run, increase tax collection by making it easier for retailers and several other businesses to comply and also moderate overall taxation levels.

That said, it should be remembered that the favourable effects of this new taxation regime will become evident only within 2-3 years of its implementation.

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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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