current real estate market trends

1. Property Simplified Home About Us Our Team open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

2. A Year of Change- 2016!  January 2, 2017 market 2016, trends in real estate Real Estate current real estate market trends, real estate Srishti Chandola  2016 is the year that will be remembered for some dramatic policy changes in the real estate sector. All these changes have great potential to usher to be more organized and cleaner. Also, it has got more transparency is the real estate market in India. Though, there are some policies that have some adverse effect in the sector in short to medium term. These are the top 10 policies changes that have taken place in the real estate market in 2016 Real Estate Regulation and Development Act, 2016 100% deduction in the construction profits especially of affordable homes Improvement to the Benami Transactions Act Amendment in arbitration norms for the construction of companies Interest subsidy for the first-time home buyers DDT exception for SPVs to REITs Exception of service tax for the construction of affordable housing Status of permanent residents for the foreign investors Execution of Services and Goods Tax structure Demonetization of 500 and 1000 rupee notes Regulations directed at boosting the transparency in the real estate industry open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

3. As per numerous reports, the real estate market was in the news for all the correct reasons in 2016, of course, with the government making announcements for various policy initiatives. It can be clearly seen that the Real Estate Regulation and Development Act, 2016 which came into force in March this year has laid down a regulatory framework that has drastically changed the ways that the real estate sector works or operates in India. It clearly aims to enhance more transparency and bring greater accountability to set the disclosure norms that would protect the interest of the stakeholders as well as ensures speedy settlement of the property disputes. Likewise, the Benami Transactions Amendment Act, 2016have laid down some stringent rules as well as penalties that are associated with the Benami transactions. It has established a regulatory mechanism to deal with the disputes that are arising from all the transactions and levying penalties to increase the involvement of institutional investors those regulate the business and make India an eye-catching destination for investment. The Real Estate Act is already in force in Gujarat and Uttar Pradesh while another state will formulate the rules under this act and implement it by mid-2017. The amendments of Benami Transactions Act might curtail the influx of the unaccounted money or funds in the real estate sector. Model Shops and Establishment Bill was also announced in June 2016. This bill allows all the retail establishments such as malls, cinema halls, shops, restaurants, etc. to be operational 24×7. Though it was welcomed by the retail industry, there was varied actual response was in terms of the retailers those were keeping the operations open. Policies that boosted affordable housing sector The change of policies during 2016 will definitely help the real estate sector much more than harming the business, maintains the real estate developers. Some of the developers even open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

4. believe that the change in policy has been pretty favorable for the developers along with the home buyers. Experts do believe that the proposal by the government for 100% deduction in the profits for the affordable housing projects which were approved during June 2016 to March 2019 will have to endorse affordable housing. Also, the condition that these projects should be completed within 3 years of the grant of approval definitely favors the buyers. There are various other policies in favor of the buyer. Union budget for 2016-17 proposed some additional deduction in the interest of Rs 50,000 per annum, especially for the first time home buyers. For the loans up to Rs 35 lacs which were sanctioned during the next financial year for the homes mot exceeding Rs 50 lacs. The exemption of the service tax on the construction of the affordable housing projects up to 60 sq meters under the state and central government scheme which includes PPP schemes which are also intended to boost affordable housing segments as well as encourage the greater collaboration between public and private sector in the construction. Impact of demonetization and GST on property markets still remains uncertain Most of these decisions are accepted and welcomed by the real estate fraternity and the impact of two major policies seen to be on the Good and Services Tax and demonetization of high- value currency. For the Good and Services tax, there is still a lack of clarity on whether the real estate sector will fall in the common use or sin category as well as the tax rate will attract no matter whether it will be 18% or higher. Also, charity needed on whether Good and Services Tax will include the existing taxes that are open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

5. charged on the under-construction projects, such as value added tax and service tax. The announcement of demonetization and the withdrawal of Rs 500 and 1000 notes has lit the land deals across the country while the housing sales in the resale market have reduced or deducted markedly. Thus, reduction of rates in these segments. Also, in the primary market, numerous reputed developers who have conducted the transparent dealings through official channels have been very less affected. In the cash-driven economy such as India, demonetization may cause the home to adopt the wait and watch approach in the coming year. This might not be good news for the realty sector which is struggling to the emergence from the slowdown. ← Decorate your Home for New Year Leave a Reply Your email address will not be published. Required fields are marked * Comment open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

6. Name * Email * Website Post Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

7. Name Email Send Facebook Favista Real Esta… Like Page Favista Real Estate Pvt Ltd 19 hrs Happy #newyear #2k17 Here's to new #Beginnings, stay blessed with warm regards Team - Favista Real Estate Pvt Ltd open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

8. Twitter Timeline Tweets by @FavistaRealty Recent Blogs A Year of Change- 2016! January 2, 2017 Decorate your Home for New Year December 31, 2016 A Glowing Touch of Candles for your Homes December 30, 2016 Tips for Correct Window Furnishings December 29, 2016 Planning a New Year’s Party? Here are some Tips for having a Smashing Party at Home! December 28, 2016 open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

9. Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT QUICK LINKS About Us Our Team Post Property FREE Career EMI Calculator Contact Us Blogs Terms Compare Projects Privacy Policy Download Mobile APP Disclaimer open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

10. Disclaimer Sale Property Site Map Rent Property CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gurgaon - +91-124-3378700 Noida - +91-120-4117463 Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. Mumbai - +91-22-40142051 Email Sales - sales@favista.com Email Enquiry - info@favista.com 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API