Realty News Roundup: CII Conclave Sends Out A Positive Note For Realty Sector; Realty Stocks Surge Ahead of Real Estate Bill

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

CII's Real Estate Conclave 2015 observed that the corporate participation in the real estate market has helped in building the reputation of the sector in India. Niranjan Hiranandani, Managing Director, Hiranandani Group of Companies, who was a speaker at the conclave also noted that the low cost homes will be possible with rationalisation of taxes as tax collection from real estate has increased tenfold and consolidation of land prices which have gone up four times in last five years. The conclave has also sent out a positive note that the real estate sector has unlimited demand if the expectations are realistic. Read here.

Reports suggest that the realty stocks have surged up ahead of the Real Estate Bill, which is expected very soon. Market reports have marked nearly 20 per cent rise in the stocks of real estate developers even as a 21-member parliament committee is expected to submit its report on The Real Estate (Regulation and Development) Bill, 2013 in the Rajya Sabha. Read more.

Smart City buzz continues. In the latest development, Bihar government has selected Muzaffarpur, Bhagalpur and Biharsharif to be developed as smart cities though the state's capital Patna was excluded since it did not meet the criteria laid down by the Central government. Meanwhile, amidst reports that Gurgaon has been lagging behind in the smart city race, Haryana chief minister Manohar Lal Khattar has promised that the city's efforts in this regard would continue. In yet another development, people of Cuttack have started coming out on streets alleging discrimination against their city in their claim for the smart city tag.  

Off the front page

More Indian families are moving to their new homes. Bengaluru Development Authority's 20-storey home project is almost complete according to this report. Distribution of absolute sale deeds had begun last week.

After Bollywood celebs, now Tollywood biggies are also investing in real estate. After Shobhan Babu, Murali Mohan, Nagarjuna and Chiranjeevi, who have been active in this sector with good results, now NTR is believed to have invested in some commercial and residential properties in Andhra Pradesh which are now giving him good rents. Read here.

Upcoming real estate events:

1. Brigade Showcase 2015 - Brigade Group's seventh edition of property exhibition to be organised from July 31 to August 2 at the Sheraton Bangalore Hotel at Brigade Gateway.  The event will showcase over 30 Brigade properties, including 10 pre-launches.
2. Fairpro - The Confederation of Real Estate Developers' Association of India, Coimbatore chapter's sixth edition of property exhibition will be organised at Codissia Trade Fair Complex from August 1 to 3. It will showcase properties in the price range of Rs 20 lakh to Rs 3 crore. Over 30 developers will take part, apart from six financial institutions.

Opinion

Binaifer Jehani, director, Crisil Research, writes why investing in real estate is a way to financial discipline. Read here.

Quartz India has a wonderful piece on the incredible rise of Gurgaon's commercial real estate. Read here.