Hear it For The World Realtors’ Day !

Giving the center stage to professional brokerage and their growing demand service National Association of Realtors-India (NAR-India) is celebrating success of the brokerage business. A professional realtor is more than a realty agent connecting buyers and builders. Realtor is now known for a complete service provider in the business of realty.

NAR-India has declared 21st March as The World Realtors’ Day. The very first of its kind celebration honoring the entire realtor fraternity of the country, happened at the Hotel Shangrila, Bangalore. The objectives behind this festivity are to cheering up the spirits of realty business and to underline the values and respects for the profession of the realtors.  Congratulating realtor for the commendable performances over the years was the dictum of this celebration.

This celebration continued for over the week in which NAR has witnessed huge involvements of the 35+ local associations enthusiastically getting involved in the 3 days nationwide community service by arranging blood donation camps, feeding the homeless and service orphanage and hospitals on 18th, 19th and 20th March successively. This programme will be followed by a National Annual Sports competition, NAR-India Olympiad at the Brigade Orchards, Devanahalli from 22nd March to 24th March 2017.

Supporting the realtors’ fraternity, NAR has spoken about the development of a perfect blend of FIT (Fulfillment, Inventory and Technology) with the Indian real estate industry. They have realized that companies backslide just for the shortage in maintaining these three elements in perfect proportion. Property portals usually don’t have the fulfillment arm and the transaction companies fall short of advanced technical platform which can be used for lead generation purpose. NAR-India is putting all their efforts in combining Global and local realtors under the same roof to avail the biggest exposure in world market. To bring back the trust and reliability on real estate sector NAR emphasized on proper education and convictional professionalism in realty business.

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West Bengal Witnesses 20% Upsurge In Warehouse Requirement

Since retail growth in east India has taken in-charge, investors have started showing interest in investing commercial properties all again. This time, rather than rental properties they are here to buy commercial property in Kolkata. Already major business houses have booked huge warehouse spaces across the state. Reports say that, in past one year Bengal has seen a 20% jump-up in the demand of warehouse properties all over. Business biggies like- Philips, Century LED, Haier, Anu Saris are such companies that have consummated huge logistic spaces. The average size of these deals is range between 10,000 and 65,000 sq ft. Most of these requirements are coming from manufacturing and retail industry.

It’s not that rental commercial property segment is running shortage of demand. Average rentals in FY 2016-17 standing close to Rs. 15-17%, where as it used to be Rs. 11-12 per sq ft in the preceding accounting year 2015-16. This boom is a certain outcome of companies’ business expansion strategy in the eastern and northeastern part of India. The warehouse space in Kolkata and extended portal of Kolkata doesn’t only foster the Bengal market; it won’t go beyond saying that there are several major business brands who are establishing Bengal as the pylon of north eastern business zone.

Statistics of Knight Frank shows that, the beginning of last FY observed an addition of 25 lakh sq ft of warehousing space in Srijan Industrial Logistic Park, on Bombay Road near Kona Expressway, Howrah. Out of which 17 lakh spaces have already been occupied by big brands.

Apart from Howrah Diamond Harbor Road, Dugapur and Joka are some key areas, where new development for warehouse spaces is taking place, these areas either belong to inside the urban business area or beside highways. Part of Park Circus, B.T. Road and EM Bypass also are witnessing smaller sized warehouse space (5000 sq ft) development in great numbers. Major companies have taken in warehouses and distribution centers in and around the city of Kolkata. Amazon has just set up seven new fulfillment centers in India, one is in west Bengal. Future Group too has invested in warehouse spaces in Burdwan and Barasat.

- LNN(Liyans News Network)

What Should Be The Appropriate Age For Real Estate Investment?

Property investment is counted as adulthood responsibility/ investment in our country India. Only financially sound and career-wise secured people can afford to step in realty investment. Purchasing properties in metro cities are better kept for big pies. As to buy property in Kolkata one needs to have bellyful wealth. Well, that’s not utterly true. Real estate investment shouldn’t fall under any of such decree. But of course there is a certain age, when people can partake in real estate investment but that has merely any link with the very person’s upper-limit bank balance, again financial stability should a practical term while buying any property on loan.

Again banks and financial organizations are keen on lending money for long run to count the EMIs, not they will show any interest lending money to people who are on the verge of their retirements, as the idea of lending money to the borrowers for a long term untenable. Let’s go over the issue and come up with a genuine conclusion.

A person hits his/her 30s or around 30s, they have more or less 30 years ahead of career headway. Unsurprisingly they have enough scope for property investment and enough time to develop property miscellany. Having tried in 40s people can also achieve ownership of self-earned realty units. Even self-employed people can also build property investment portfolio at the beginning years of professional eon. Laying it on, the sooner you start property investment, the more you spin money for long period of time. Profit from property multiples with time. Financial solidity can get you a home loan even for the extreme pentagenarians. Financial organizations have also realized with the emerging time that people found working even after the conventional retirement age of 65 now-a-days.

Reconstruction is the key to increase value of one’s existing asset. A person who has years of expertise in property business, knows every nitty-gritty of resale realty market; for definite reasons he/she would like to deal in properties with impressive condition. Else, dissatisfaction lives every corner among the property investors. Once people have an anchored real estate portfolio of assets or distinctive influence or healthy holds in banks; in that case these existing properties can be presented as guarantee for fresh home loan application even if they belong to the 50 age group. Thus, raising loan for buying residential property is absolutely within reach at present.

However, it’s evident that there is no particular age or ‘ideal age’ for property investment or to buy personal residential property. Besides, home-loan EMI rates have also been curved by the banks to boost up real estate sale volume. Low-budget residential units are the latest addition in this ebb. Homes under PMAY will also be free from stamp duties and other prime tax labels. One can easily afford these residential units with easy available home loans. End of the day, your self-owned home gives the biggest security above all our living investments.

- By LNN (Liyans News Network)

PMO Requests That All Govt Depts Spot Unused Terrains For Housing For All

The administration needs to construct a land bank to give a push to the a land bank to give a push to the reasonable lodging activity

NEW DELHI: After achieving the midway sign of its term, Narendra Modi government is attempting to offer fillip to BJP's survey guarantee of Housing for All. The P ri me Minister's Of f ice has requested that all administration offices recognize unutilised arrive, particularly in officially created government settlements, to arrange moderate lodging ventures.

The administration needs to fabricate a land bank to give a push to the a land bank to give a push to the reasonable lodging activity. The states are confronting an issue in arranging lodging ventures on account of scarcity of land. With this activity, PMO is planning to distinguish arrive parcels and after that urge state governments to send proposition wherever there is accessibility of land. A senior government official told ET, "PMO is checking the advance nearly. Our experience is that a few states are performing superior to others since they as of now have their recipient records prepared and arrive accessibility is no issue there. So now mandates have gone to all services to set up a rundown of provinces where new houses can be assembled."

The urban advancement service is attempting to recognize arrive inside effectively created government states as these as of now have fundamental civilities and endorsements would not be an issue. Up until this point, the Center has affirmed lodging ventures worth `90,000 crore crosswise over 30 states and union regions. The administration has affirmed development of 16.42 lakh reasonable houses with Tamil Nadu driving the activity at 2.27 lakh houses, trailed by Andhra Pradesh with 1.94 lakh houses and Madhya Pradesh with 1.81 lakh houses.

By LNN (Liyans News Network)

Parliament passes 4 GST charges, July 1 rollout likely

The new expense will introduce a uniform roundabout duty administration in the nation and not prompt swelling as captured by a few areas, the clergyman stated, twisting up an eight-hour banter in the Rajya Sabha

NEW DELHI: India made a conclusive stride towards a conceivable July 1rollout of the products and ventures assess (GST) with Parliament on Thurday offering gesture to four related enactments that detail the arrangement of this single expense administration that will supplant different state and focal charges to make one national market.

Fund serve Arun Jaitley said that once the new administration is actualized provocation of organizations by various specialists will end, and India will have one rate for one product all through the nation.

The new assessment will introduce a uniform aberrant duty administration in the nation and not prompt swelling as caught by a few areas, the priest stated, twisting up an eight-hour discuss in the Rajya Sabha. Jaitley said progressive governments have contributed towards GST and nobody individual can assume acknowledgment for it.

"This bill, I have no dithering in yielding, is an aggregate property," he said.

With usage of GST, incomes of the Center, states and the business and exchange must profit, he said.

"On May 17-18 we will give last endorsement to standards and rates... It would appear that it can be executed from July 1," Jaitley told correspondents after the Rajya Sabha cleared the Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017.

The bills were cleared by the Rajya Sabha after nullification of a large group of corrections moved by the restriction parties. The fundamental restriction Congress did not move any revision.

The Lok Sabha had passed these bills on March 29.

With the Parliament gesture, the onus now moves to states that should pass the state GST law in their individual state gatherings.

The Center has as of now put out point by point rules for dialogs for partner interviews. The GST Council, the protected body made for this expense, will one month from now take up the final issue of fitting individual merchandise and enterprises to different duty rates.

The GST Council has affirmed a for rate structure – 5%, 12%, 18% and 28% – with most merchandise prone to fall in the 12% and 18% rate. Furthermore, a cess will be exacted on extravagance and sin merchandise also. The law accommodates a most extreme GST rate of 40% (20% focal GST and 20% state GST).

"I am glad at the way that with regards to implementing GST Bill all political gatherings turned out in one voice," Jaitley tweeted.

Independently, the Lok Sabha on Thursday passed a bill to make extract and traditions act consistent with GST. This bill tries to get rid of current cesses, which will be subsumed in the GST.

By LNN (Liyans News Network)