System reboot for Indian real estate

The latest event that impacts real estate is GST. At this stage, the indications are that GST will hopefully, not increase the over-all taxation burden on real estate Indian real estate is witnessing a ‘systems re-boot’ that began with demonetization, the legislation on benami properties, RERA Act and now, Goods & Services Tax. The Union…

Indian builders rush to restructure realty projects, business model

Mumbai: Builders are back at the drawing board to restructure realty projects and arrange finance to ensure compliance with a stringent real estate law that took effect on 1 May. Under the Real Estate (Regulation and Development) Act 2016 (RERA), developers can market only those projects which have received all approvals. They must disclose all…

RERA is a game changer for real estate

For a country where a home is more than just four walls and a roof, buying a home is usually the coming true of the dream of a lifetime. The past couple of decades has witnessed Indian real estate also turning into an asset class, where real estate measured in square feet, as represented on…

“FOR THE THIRD CONSECUTIVE REVIEW, RBI GOVERNOR MAINTAINS STATUS QUO”: DR NIRANJAN HIRANANDANI

REDUCTION IN RATES WOULD HAVE BEEN ‘ADVANTAGE HOMEBUYER’ MUMBAI, 06 APRIL 2017: The Reserve Bank of India (RBI) kept the Repo Rate (the short-term lending rate) at 6.25 per cent for the third consecutive policy meeting in Mumbai on 6 April 2017. The Reverse Repo rate has been increased to 6 per cent. Commenting on this, Dr Niranjan Hiranandani, CMD Hiranandani Communities and Founder-President, NAREDCO (West) said, “The RBI continues to guard against any potential flare-up in inflation and an uncertain global economic environment.” Banks are flush with funds post demonetization, home loan rates are down – given this situation, the (RBI Governor Urjit Patel was expected to hold rates during this first monetary policy review in the new fiscal year – which he did, said Dr Niranjan Hiranandani. “The RBI Governor left  its key policy rate unchanged based on various indicators which point to a modest improvement in microeconomic outlook. It has also considered risks as being evenly balanced around inflation trajectory, while it has considered the risk factor arising from uncertainty about this year’s monsoon,” said Dr Niranjan Hiranandani. “For home seekers, if the RBI Governor had reduced the rates even by 0.25 bps, this might have added to positive sentiment and translated into ‘advantage home buyer’. If the RBI had reduced rates, it would have a direct impact on home loan interest rates and EMIs,” said Dr Niranjan Hiranandani. “However, the RBI has maintained status quo,” he said. “When one considers home buyers, we look forward to home seekers ‘dream homes’ becoming a ‘reality’ – with home loans on offer at lower interest rates,” Dr Niranjan Hiranandani concluded. _~ DR NIRANJAN HIRANANDANI IS FOUNDER & MD, HIRANANDANI GROUP. HIS RECENT INITIATIVE IS HIRANANDANI COMMUNITIES. HE IS THE FOUNDER AND FIRST PRESIDENT (MAHARASHTRA), NATIONAL REAL ESTATE DEVELOPMENT COUNCIL (NAREDCO), WHICH WORKS UNDER THE AEGIS OF MINISTRY OF HOUSING & URBAN POVERTY ALLEVIATION, GOVERNMENT OF INDIA._

“Elated at Rodas Enclave, Hiranandani Estate, Thane winning premium apartment project of the year, west at NDTV Property Awards,” Niranjan Hiranandani

March 14, 2017:    The NDTV Fourth Property Awards, powered by Pune Municipal Corporation and CREDAI-Pune Metro, recognized excellence in Indian real estate. Mr. Kunal Kumar, Municipal Commissioner, Pune and Mr. Vikram Chandra, Editor in Chief, NDTV graced the occasion of Fourth NDTV Property Awards held on 27th February 2017 at Hyatt Regency, Pune. The NDTV Property Awards honor and acknowledge excellence in…

The Walk’ presents ‘Hiranandani Thane Half Marathon 2017’ gets citizens to put on their running shoes

‘Running is expression of forbearance and a reflection of conquering spirit’: Dr Niranjan Hiranandani THANE/ MUMBAI, 12 FEBRUARY 2017: The fifth edition of the Hiranandani Thane Half Marathon (HTHM) was flagged off early on February 12, 2017 from Hiranandani Estate, Thane. Dr Niranjan Hiranandani, CMD, Hiranandani Communities, along with the reigning Femina Miss India Winner…