#RealtyNewsRoundUp: Indian Realty Attracted $4.2 Billion Institutional Investment In 2018

The Indian real estate sector has emerged as one of the favoured investment destination for institutional investors over the last decade as sector attracted $30 billion of institutional investments between 2008 and 2018. Over $20 billion of this was invested during 2014-2018 alone, reflecting the positive impact of reforms, according to report published by a global property consultant. While the sector has received investments worth $4.2 billion till October, institutional investment in the property market this year is expected to touch $5.5 billion.

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In Noida, all work related to registration or transfer of residential property will go entirely online from January 1. Until now, people had the option of executing such work manually also. 

Meanwhile, the West Bengal Cabinet has decided to introduce an online system to ease the process of property mutation and check illegal practices.

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The upcoming Delhi-Mumbai Expressway will be extended up to the Ring Road near the DND flyway as the National Highway Authority of India has approved the plan to build a six-lane, access-controlled road from the Western Peripheral Expressway (WPE) near Sohna that would also provide a fast link to Manesar from east and south Delhi. The 59-km stretch will include construction of the much-delayed Kalindi Kunj bypass in Delhi, revamp of the Faridabad bypass and a new stretch that will connect the Delhi-Agra highway with the WPE.

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The stamp duty and registration fees collected for sale of properties in Gujarat touched a record high of Rs 5,934 crore in 2017-18. The trend continues in 2018-19, with registration of 8.20 lakh sale deeds and collection of Rs 3,993 crore in the first eight months of the financial year.

Source: Media reports