02 Apr 2018

भोपालः राजधानी सहित प्रदेश के सभी जिलों में 31 मार्च के बाद भी ई-रजिस्ट्री में किसी प्रकार का इजाफा नहीं किया जा रहा है। इसके पीछे वजह बाजार मूल्य तय करने के लिए बनाई गई स्टाम्प अधिनियम की धारा 47 (क) है। इसी धारा के तहत कलेक्टर गाइडलाइन बनाई जाती थी लेकिन धारा खत्म होने के बाद वर्तमान में भोपाल सहित प्रदेश के जिलों में कलेक्टर गाइडलाइन बनाने का काम रोक दिया गया है।

अब पंजीयन विभाग द्वारा खत्म की गई कलेक्टर गाइडलाइन की धारा 47 (क) की जगह पर बाजार मूल्य निर्धारित करने के लिए नए नियम लाए जा रहे हैं। जब तक इन नियमों का प्रकाशन नहीं हो जाता है तब तक पुरानी कलेक्टर गाइडलाइन की दरों पर ही रजिस्ट्री होती रहेंगी।

वित्त मंत्री जयंत मलैया का कहना है कि जब तक नियम लागू नहीं हो जाते हैं तब तक पुरानी कलेक्टर गाइडलाइन की दरों पर रजिस्ट्री की जाएंगी।  

Source: Punjab Kesari

03 Apr 2018

NEW DELHI: India's largest realty firm DLF has given on lease about 2.25 lakh sq ft of office space in Gurgaon to US-based co-working major WeWork, sources said. 

Earlier, DLF had also provided around 60,000 sq ft office space on lease to co-working operator Skootr. 

The demand for co-working space is rising in India due to affordable rents and flexible working options. 

According to sources, DLF has leased this space to WeWork in Cyber City, Gurgaon for about Rs 130 per sq ft monthly rental. 

DLF spokesperson declined to comment on the leasing transaction, while WeWork spokesperson could not be reached. 

DLF has over 30 million sq ft of commercial space, most of it in Gurgaon. 

Recently, DLF promoters concluded sale of 40 per cent stake in rental arm DLF Cyber City Developers Ltd (DCCDL) for about Rs 12,000 crore. This deal included sale of 33.34 per cent stake to Singapore's sovereign wealth fund GIC for about Rs 9,000 crore. 

DLF has 66.66 per cent stake in DCCDL now. 

The realty major is developing an office project in Gurgaon and has recently bought 12 acre land in the city for Rs 1,500 crore. 

WeWork, the platform for creators that provides space, community and services to help people make a life, has recently entered the Delhi-NCR market with the launch of its collaborative space in Gurgaon. This was the 6th location by WeWork in India. 

It has co-working space at three locations in Bengaluru and two in Mumbai. 

With the launch of 'WeWork Bristol Chowk' at Gurgaon , the company will provide space for 7,000+ members across India. 

On the launch of Gurgaon centre, WeWork India General Manager Karan Virwani said: "Whether you need a desk, office suite, or entire HQ, we create environment that increases productivity, innovation, and collaboration for teams of any size." 

As per a recent study by JLL, the co-working segment in India is expected to receive USD 400 million investments by 2018, he added. 

05 Apr 2018

Mumbai: Realty developers, with their compact residential apartment offerings, are gradually shifting towards the affordable housing segment and many developers are now aligning their apartment configurations and supply with the budget ranges dictated by the demand. 

Realty developers across property markets are building apartments with smaller configurations with the idea of making houses affordable by reducing average apartment sizes and thereby bringing down the price. Developers are focusing on customer-centric products rather than aspirational premium apartments by launching the right kind of supply at the right price. 

Last year, around 44% of the total launches across top seven property markets, or 55,000 residential apartments units, were priced below Rs 40 lakh, showed data from ANAROCK Property Consultants. This trend of offering compact and affordable homes is expected to continue for some more time. “Affordable housing is the new poster boy of Indian real estate, with demand for affordably-priced homes easily putting all other segments in the shade. The incumbent government has pulled out all stops to make its ‘Housing for All by 2022’ a reality, and has heavily incentivized developers and first time buyers of affordable housing,” said Anuj Puri, chairman, ANAROCK Property Consultants. 

Developers are paying a lot of attention to consumers’ requirements. The fall in average apartment sizes across all top seven cities is a clear indication that developers intend to make houses affordable for buyers by reducing average apartment size instead of lowering capital values.

While reducing property prices may be a tricky and difficult decision for developers, the call to alter apartment sizes as per the needs and spending power of buyers is relatively easier. 

“With modified configurations, we can improve the efficiency by focusing on what are consumers’ needs and requirements. One thing is sure: no homebuyer is interested in space wastage. In the backdrop of rising input costs and various premiums and levies that need to be paid, per sq ft pricing is not completely controlled by builders, but offering smaller configurations can bring the total price down and help in propping up sales,” said Ashok Chhajer, CMD, Arihant Superstructures, which is focusing on acquiring new projects in MMR while targeting ticket sizes between Rs 20 lakh and Rs 25 lakh. 

With a sustained rise in property prices across the country between 2005 and 2008, homebuyers’ affordability has been challenged and the situation continues even now despite lower home loan interest rates and more supply due to high land prices and other charges. Based on real-time feedback from property buyers, developers have also been tweaking their strategy to attract good response from homebuyers. 

“More than half of the residential sales, over the past one year, have come from this segment of the low-cost and affordable housing. The government’s intervention through incentives and sops for developers as well as homebuyers has proved to be a catalyst for both right supply and demand, too,” said Pankaj Kapoor, MD, Liases Foras Real Estate Rating & Research. 

Affordable housing has been attracting private developers and financiers over the past few quarters in the backdrop of the government’s decision to grant infrastructure status to this segment. 

The government’s efforts to enhance the supply of affordable housing units by offering tax incentives and sops to realty developers has started yielding results. More developers and bigger brands, hitherto known for their premium projects, have also ventured into this segment, while existing players are scaling up their plans. This is evident from the rise in the number of affordable housing project launches in over the past one year. 

According to Puri, the inherent demand in this segment is virtually limitless but needs to be tapped intelligently and not all players have the requisite expertise in creating mass housing. 


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