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Quikr Triples its Real Estate Business after Starting Transactions on Top of Classifieds

Quikr, which now operates leading transaction marketplaces built on top of India’s largest classifieds platform, today announced that its real estate vertical has tripled its revenue in the last 12 months and is on track to again grow more than 100% in the next 12 months. The real estate vertical contributed 35% of Quikr’s overall revenue last year. On the back of this growth and its high…

Gurugram, in the last more than a decade has seen unprecedented growth in its Realty outlook, infrastructure, connectivity via road and metro network, Housing, commercial, offices, institutions, entertainment hubs, shopping malls, sports facilities, modern amenities, latest technologies, landscaping, services and overall development in all aspects which has established Gurugram as the front…

Sumadhura Group launches Sumadhura Nandanam, a super luxury property in East Bengaluru

Sumadhura Group, one of South India’s leading Bengaluru based realty majors, today announced the launch of its iconic premium residential project ‘Sumadhura Nandanam’ in Hoodi Junction, Whitefield, Bengaluru. This high-rise luxury project is spread across 2.6 acres with 80% open spaces, offering 250 units with 2, 2.5 and 3 BHK configurations. This comes at the back of their recent launch of a…

QuikrHomes presents the Realty Fact West India Real Estate Awards 2018

CAPITAL GAINS TAX – IMPACT ON REALTY TRANSACTTIONS

Companies as ownership vehicles:

Properties are strategically owned through company formats rather than in individual names. It is efficient way for several reasons including the ease of transferability, convenience to accommodate maintenance and other expenses related to the property against income, etc. Also, owning real assets through several companies by way of matrix shareholdings has been…

GST Panel recommends no extra tax benefit for digital transactions for a year

A group of state Finance Ministers that were assigned to review the reverse charge mechanism under Goods & Services Tax has recommended the deletion of section 9(4) of the Central GST Act, 2017.

Under the reverse charge mechanism, registered dealers are required to pay tax in case they buy goods from unregistered dealers. On June 29, the govt stopped the reverse charge mechanism for another 3…

SPR: The newest realty destination of Gurugram

Gurugram is expanding its horizons by coming up with projects such as Southern Peripheral Road (SPR).  SPR stretches along a distance of 16km and gives the people commuting from Sohna Road and Golf Course Road a good network as it links Gurgaon-Faridabad Road up to NH-8 close to Kherki Dhaula Toll Plaza.

Sectors 68, 69-75, 75A etc. are the major developments that have come up in this area.  It…

Navi Mumbai International Airport announces financial closure on schedule

GVK Power and Infrastructure Ltd. has achieved financial closure of Navi Mumbai International Airport on schedule. The financial closure has been successfully achieved on 7th July 2018 and Yes Bank will be the lead bank and ordered lead arranger for Phase-1 and Phase-2 of NMIA project. Navi Mumbai International Airport Pvt. Ltd. is the special purpose vehicle (SPV) for the execution of the new…

QuikrHomes presents the Realty Fact West India Real Estate Awards 2018

QuikrHomes RR Kabel presents the Realty Fact Real Estate Awards 2018, India’s most credible Real Estate Awards which put a special focus on each zone of the country – North, East, West & South.

Join us to celebrate and honor professionals who are surpassing the standards of excellence, creating marvels across the country and witness what is creating a buzz in the industry.

The West Zone awards…

7 Ways to Succeed or Fail in Real Estate Development

Real estate development may seem to be little more than laying down brick and mortar to develop a massive concrete structure. It may seem to be a business that anyone can and probably should enter, especially considering the massive unmet housing demand in the India. Nothing could be further from the truth – real estate development is a tough business. And though the entry barriers have reduced…

Most Affluent Real Estate Localities in Bengaluru

Bangalore’s strong rise and fast development due to IT boom enlarged the city beyond its limit. The nearby localities has transformed into a busy neighbourhood offering housing options to thousands that have moved to Bangalore looking for better job opportunities. Yet, the Bangalore and its surrounding localities maintained their charm and demand and are figured amongst the most expensive…

Looking for your first home in South India? Here is your checklist!

South India is an established global commercial hub for Information Technology (IT), Pharmaceuticals, Manufacturing and Biotech which is creating employment and growth opportunities for millions every day. These opportunities see a phenomenal number of people relocating to cities like Bangalore, Chennai, Kochi and Hyderabad from across India and to other South Asian countries. Bangalore and…

Affordable Housing can be a better option for Homebuyers

In a bid to increase the demand for an affordable house the Centre Government has taken certain initiative which will attract more developers and homebuyers towards the sector. Hence the demand for the affordable house will remain in 2018.

Recently the Ministry of Housing and Urban Affairs has increased the carpet area to 160 square metres for MIG -I and 200 square metres for MIG-II, this will…

Are Ortho Mattresses Really Durable?

Unlike other furnishing items, a mattress is something that can’t be bought every year. It is an asset that should last for a minimum of seven years before it starts to show any signs of wear. Which is why the biggest concern in a buyer’s mind is the durability of a mattress. Over the years, different types of mattresses have paved their way in the market and buyers have more choices than ever.…

MS Dhoni Signed as the Brand Ambassador of Sumadhura Group

Sumadhura Group, one of South India’s leading realty majors, has roped in the stellar World Cup-winning Captain, Captain of Chennai Super Kings and the ‘Captain Cool’ – MS Dhoni as its first brand ambassador to represent the brand in all their national campaigns, in a multi-year engagement.

Delighted on bringing in MS Dhoni on-board as their brand ambassador, Madhusudhan G., Chairman and…

Piramal Capital & Housing Finance Strengthens its Presence in Chennai with ~INR 200 Crore Sanction to Appaswamy Group, Chennai

Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises Limited, has sanctioned a ~INR 200 crore facility to the Appaswamy Group (Appaswamy) via a structured equity transaction to enable the acquisition of 3.34 acres (~60 grounds) land in Kotturpuram, the heart of Chennai.

Appaswamy is one of the largest developers in Chennai and has completed more than 10mn sq. ft. till date.…

What data is concealed today, but will be revealed tomorrow?

Data is considered currency these days, which would become the potential fighting tool in future.

Though the idea of using data in real estate isn’t new, but the adoption and usage of new technology has provided new insights to it.

Past decade brought excessive pressure on businesses to optimize performance, comply with regulatory demands, deliver operational efficiencies, and find new…