Showing posts with label Indian real estate. Show all posts
Showing posts with label Indian real estate. Show all posts

Monday 13 April 2015

“Hopeful about Land Bill” - Vikas Raj Sharma, MD of Cosmic Group


The Land Acquisition Amendment Bill has passed the Lok sabha test and the Land Bill ordinance is soon going to be passed by the PM. With all the turbulence stating of amendments has brought to the country, the real estate sector is also touched upon immensely.
Vikas Raj Sharma, Managing Director, Cosmic Group, is optimistic about the developments which have been tabled in the Lok Sabha. The existing Act keeps 13 acts for Land Acquisition for Central Government Projects out of the purview. These are applicable to the projects of national highways, metro rail, atomic energy projects, electricity related projects, etc. The amendment stated brings all these under the purview of this Act for the purpose of compensation, rehabilitation and resettlement.







Vikas Raj Sharma is hopeful about the changes the Bill is going to bring about. He said, “Modi-led government is development-oriented. The proposed changes which include amendments in compensation and rehabilitation will surely improve the situation of the displaced.”
A fast track process has also been allowed for defence and defence production, rural infrastructure including electrification, affordable housing, industrial corridors and infrastructure projects including projects taken up under Public Private Partnership mode where ownership of the land continues to be vested with the government.
Now multi-crop irrigated land can be acquired for purposes like national security, defence, rural infrastructure including electrification, industrial corridors and building social infrastructure.
Contrary to the above amendments which have brought respite to many displaced citizens, the following amendment was a setback for many. The existing Land Acquisition Act has a consent clause for acquiring land which includes industrial corridors, Public Private Partnership projects, rural infrastructure, affordable housing and defence. But the stated amendments have exempted these five categories from the rule of acquitting land.
Social impact assessment has now been exempted in the Bill tabled in the Lok Sabha. According to the existing Act, it was mandatory before acquitting land. Another point of contention is that the existing Act states that land will be given back to the farmer if it remains unused for five years. But the amendment stated restricts the condition and states that the land will be returned only if the specified project on the land fails to complete the deadline. The new clause has also made government sanction compulsory to prosecute civil servants, unlike earlier when bureaucrats could be punished if found guilty of violating any clause of the Land Act.
Vikas Raj Sharma also said, “The consent clause amendments can be a setback for many awaiting ears. But the national good is the primary responsibility of all citizens. A never-before like development awaits us all”.

The proposed amendments have come as a mixed bag, offering newer reliefs but also limiting the reliefs which had been offered in previous bills.

Saturday 10 May 2014

Growing Your Real Estate Business

A real estate agent must constantly be performing a lot more than just contacting purchasers and sellers about properties. They must be persuading people that they’re straightforward deal with, productive and innovative. When it comes time for you to market yourself to your possible clients, keep these ideas in mind.

Cosmic India
One method to get yourself on the market is to use your e mail and utilize it in a manner that does not irritate or alienate your prospective clientele. Instead of putting together a run-of-the-mill press e-mail and transmitting it out to many people that are likely to just remove it, personalize your e-mail with plenty of distinct info that can assist folks get to know you and make contact with you. Take the time to fill your e-mail with conversational, useful and helpful suggestions and info. You want your e mail recipients to feel like you’re speaking to them, they are able to trust you and, most significantly, know how to contact you. Obviously, you need to be sure that you have people’s permission prior to transmitting them any e-mails.

Do not center solely on your personal enterprise whenever you are giving content on Facebook. Talk about the community. All things considered, you might be selling much more than just properties. You want folks to view you as an involved individual and not only an ad not to consider. Locating great advice for successful real estate agent marketing and advertising may be challenging, but with all the right suggestions, you’ll be able to very easily attain your targets.

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Tags : Successfull Builder, Growth in real estate sector in India, Grow your real estate business,Cosmic Projects,Cosmic Structures

Wednesday 30 October 2013

Real estate investment scenario in India

The Indian real estate market is exploding with many opportunities every day. Riding high on the backdrop of encouraging infrastructural increase, changing economic matrix, and affordability, the realty sector in the Indian country has managed to garner a significant chunk of investment in the last few years.

Cosmic India
Cosmicindia.in
First, let’s start by looking at the last period of low economic growth. Between 1995 and 2002, the Indian realestate economy chugged along at an annual rate of 4.9%. Those who’ve been in the business long enough will tell you that real estate prices eased by 2-3% a year across large cities like Delhi, Mumbai, Gurgaon, Noida and other metro city. “So by the end of 2002 you had a 20% decline but the year-on-year decline was very gradual,” according to an Indian real estate market developer who declined to be named.
The sector had recorded a growth of 7.8% in 2009-10 and then witnessed a downturn during the last fiscal to 6.5%. This was ideally fuelled by the global economic slowdown and accelerated input costs.

Cosmic India
www.cosmicindia.in

The Indian real estate sector has factors such as the demography and the development of infrastructure, which work to attract further investment. The organized real estate scenario in the country has managed to attract the attention of the FDIs in the country. In fact, a report from the UN has declared that India ranks next only to China and the US, among the list of most favored investment destination. It is estimated that the FDI inflow to the real estate sector will increase by 20% during the financial year 2012-13.


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Tags :  real estate Indian market, current scenario of real estate property, rising prices of real estate property in NCR ,Cosmic Projects,Cosmic Structures.


Tuesday 28 August 2012

Current Trends in Indian Real Estate


The past few years have witnessed the emergence of the Indian real-estate industry as one the biggest sectors for investments. The continuous growth can be attributed to the liberalization of direct investment norms, the introduction of SEZ Act in India and low prices that continue to attract investors from both India and abroad.
Indian Real Estate Market
Indian Real Estate Market
A recent survey indicates that India has the fourth ranking among the top Asian destinations for direct foreign investment. Being the largest democracy with transparent property laws, India attracts more investors than any other country in the region.

Some of the major factors that have contributed largely in the growth of this sector are:

Ø  Strong and continuous economic growth – Being the fourth largest economy in the world while maintaining a growth rate of over 7% for the past few years, India has also witnessed a steady growth in its real-estate industry. Various economic reforms coupled with increased globalization and demand has propelled its progress. The steady economic growth has led to the rise of areas like Delhi NCR, Hyderabad, Chennai, Pune, Kolkata and Bangalore. Moreover, the economic rise is no longer centered on the bigger cities with states like Bihar and Gujarat leading the charts. This has further enhanced real-estate market in these states.
Ø  Introduction of FDI in the real-estate sector - The introduction of Foreign Direct Investment (FDI) in the real estate sector has enhanced the Indian real-estate industry’s position as one of the most rewarding avenues for investment. This policy has allowed foreign investment in the market and has kindled the interest of the some of the world’s most renowned builders. Their entry into the Indian real-estate market will bring along efficient management, advanced technology along with effective regulatory policies.
Ø  The rise of the middle class – With a population of over 300 billion people falling in the middle class with higher incomes and better education, the workforce is shifting base beyond the four metropolitan cities. High aspirations together with more disposable income at hand motivate people to invest in real estate.
Ø  Continuous growth and development of the IT sector – TheIndian IT sector has shown the upward trend for past few years with many Multinational Companies and corporate increasing the demand for commercial property. This has also led to the increase in employment opportunities, consequently helping in the overall economic growth and increase in disposable income at the hand of prospected real-estate investors. This growth has not only had a positive impact on commercial property, but residential and industrial property as well.
Ø  Accessibility to bank loans – With the incoming of various multinational banks in the Indian market, loans for property are easily accessible now. It is no longer a tough job to seek and get a bank loan with easier norms and regulations and various loan repayment options available.
Ø  The demographic factor – India is the second largest populated countries in the world with over 75% of its population well below the age of 50.

According to ENAM securities research, the Indian real-estate market will grow at a CAGR of 33% over the next five years. The upward trend is also witnessing a huge gap in demand and supply. However, with more foreign investments set to enter the real-estate market in the near future, this development and growth is here to stay.

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Tags : Current trends in India, Increasing trend in real estate, Cosmic Group, Cosmic Projects, Cosmic Structures.