at the very Core of it all … is Content!
Q1. What is the one thing that you wish for the benefit of your industry segment? Indian real estate needs to see the Real Estate Regulatory Authority Bill (RERA) implemented in 2015. The sector is suffering from a lack of transparency, and this Bill can bring it about – if not single-handedly, then at least …
Anuj Puri, Chairman & Country Head, JLL India The year 2014 has been quite fruitful for the real estate sector in terms of business sentiment, although the real effect of many of the policies and amendments announced in 2014 will take effect only in 2015. Starting from Union Budget FY2014-15, where affordable housing was …
Anuj Puri, Chairman & Country Head, JLL India The real estate sector in India is one of the largest drivers of the country’s economic growth. Real estate in India provides large-scale employment and contributes massively to the country’s GDP. While real estate is vigorously driving growth, it is also true that it is adversely …
Anuj Puri, Chairman & Country Head, JLL India Earlier in October, the US National Association of Realtors published a report which stated that buyers from India purchased residential properties in the US estimated at $5.8 billion in value during the one-year period ending March 2014. This investment magnitude represented an approximate growth of 6% …
Anuj Puri, Chairman & Country Head, JLL India Over the years, Indian real estate has been a seemingly limitless source of negative hype. Scams, controversies, rumblings about delayed projects, agitations by consumers and debates about the over/under-regulation of the real estate sector have all provided ready cannon fodder for countless publications, internet forums and …
Anuj Puri, Chairman & Country Head, JLL India The Indian real estate market is definitely in recovery mode again. However, at this point in time, it is more than evident that the festive season was not able to fully harness the benefits of market recovery. This is because the events that have catalysed the …
Across the world, the stride of migration from rural urban areas is increasing. By 2050, about 70% of the population will be living in cities, and India is no exception. India will need about 500 new cities to accommodate the rapid influx of population into its urban regions. Interestingly, urbanization in India has for the …
With the stamp of approval by SEBI, REITs are finally a formalized concept. This is a big change from the ambiguity and uncertainty that prevailed about this very important instrument in previous years. It is gratifying to note that SEBI fully intends to deliver on its assurances of bringing better and faster funding into Indian …
Anuj Puri, Chairman & Country Head, JLL India The monetary policy announced today indicates that the RBI is of keeping a close eye on inflation rather than facilitating growth just as yet. This makes sense. Globally, emerging markets (including India) continue to remain vulnerable from decisions by US Federal government on withdrawal of stimulus, as …
The Union Budget 2014-15 was presented in the parliament under economic circumstances that required tax revenues to keep pace with targets. Considering the state of government finances and the current situation – below-normal monsoons, Middle East tension leading oil price volatility, the weakness of the India rupee etc., there was not much room for populism. …