It’s Time To Connect
"The tenant should always read and understand the rental agreement thoroughly and comprehend all the clauses well. It is very important to know that in absence of the rent agreement, neither the landlord nor the tenant can go to any legal forums for any breach as per the option available for the rent agreements under the Rent Control Act (RCA). Also, ensure that the rent agreement is revised and your name is added as a tenant if you are joining others already living in that flat" - Shrinivas Rao, CEO-APAC, Vestian.
"Promotion of rental housing through tax incentives such as offering to increase the deduction from rental income under Section 24(a) can be provided in the budget. It is also expected that a boost to rental housing through various incentives would eventually lead to promotion of the government’s ‘Housing For All’ scheme," said Shrinivas Rao, CEO-APAC, Vestian.
Vestian wins frost and sullivan perp award for fourth consecutive year
– Vestian, an occupier focused workplace solutions firm, bagged the ‘Customer Value Leadership’ award at the 5th edition of the Frost and Sullivan Project Evaluation and Recognition Program (PERP) Awards 2018 at Mumbai today. This is the fourth consecutive year that Vestian has won this honour.
2018-A year of renewed hope: Shrinivas Rao, CEO-APAC, Vestian
With high expectations from 2018, it was anticipated that the teething problems around policy initiative introduced in 2017 (RERA and GST) would ease out by the end of the year, bringing a new order of transparency and efficiency. Belief was, while GST would provide an audit trail for better control and monitoring, RERA would ensure timely delivery of residential projects, boosting buyer confidence and bring back positivity to the market.
Bengaluru leads in the office market
Apart from the IT/ITeS sector, engineering and manufacturing companies as well as co-working operators too are seeking more space in the Garden City, according to a report. Shrinivas Rao gives an overview of the real estate trend across the country
Warehouse demand goes up with e-commerce growth
The growing customer base for various e-commerce services has resulted in a spike in demand for the warehousing space in the city. According to a report published by Vestian Global, a workplace solution firm, Bengaluru’s warehousing sector has witnessed a gradual yet perceptible shift towards an organised market.
Realtors join fray in affordable housing segment
“The government’s initiative, Housing for all by 2022, provided a major boost to the affordable housing segment despite lack of a clear-cut definition. Also, granting of infrastructure status and interest rate rebates were attracting more players to enter the space,” said Shrinivas Rao, CEO-APAC, Vestian.
Realtors join fray in affordable housing segment, take the middle path
“The government’s initiative, Housing for all by 2022, provided a major boost to the affordable housing segment despite lack of a clear-cut definition. Also, granting of infrastructure status and interest rate rebates were attracting more players to enter the space," said Shrinivas Rao, CEO-APAC, Vestian.
South B’luru tops in launch, sale of residential units
“At times such as these, affordable housing has come as a respite — creating a positive sentiment in the market. Today, the most potent demand for housing in Bangalore lies in the sub-`60 lakh category,” said Shrinivas Rao, CEO-APAC, Vestian.
Housing sector sees sunny days as demonetisation and policy clouds clear
“South and East Bengaluru, the key IT hubs in the city, accounted for substantial demand and supply (in the first of this year),” said Shrinivas Rao, CEO-APAC, Vestian.
Housing sector sees sunny days as demonetisation and policy clouds clear
"South and East Bengaluru, the key IT hubs in the city, accounted for substantial demand and supply (in the first of this year),” said Shrinivas Rao, CEO-APAC, Vestian.
Co-working offices, business centres turn hybrid for revenues
"Several multinational firms and BFSI (banking, financial services and insurance) corporates are currently in talks with co-working operators for providing them with end-to-end solutions. Further on, as more and more companies start to move away from the capex (capital expenditure) model to an opex (operating expenditure) model, this may be the future of real estate spaces.",says, Shrinivas Rao, CEO-APAC, Vestian.
RERA: Hope for homebuyers
“RERA has been heralded as a measure to increase customer confidence and ease the process of buying a home, thereby effectively bringing in transparency and accountability to the sector.”, says, Shrinivas Rao, CEO-APAC, Vestian.
Realty stocks rise on dedicated affordable housing fund
The real estate sector held significant expectations from the Union Budget 2018, hoping for alleviating measures post a testing period of reforms" Shrinivas Rao, CEO-APAC
Shrinivas Rao, CEO-APAC, Vestian shares his insight with Sandeep Sharma
The primary issue concerning policy reforms like RERA & GST was the lack of clarity on how they would impact the country’s real estate sector and the buyers/investors thereof.
Republic Day 2018 | Great expectations once again
The real estate sector looks forward to the budget reducing the long -term capital gains holding period for REITs from three years to one year... Shrinivas Rao, CEO - APAC, Vestian
Clarity on tax implied on sale of TDR is needed" - Shrinivas Rao, CEO-APAC
Despite the slowdown in the real estate sector on account of the recent reforms, there have been some positive takeaways for the long-run...
The year 2017 paves way for a healthier real estate performance in 2018
With multiple reforms embracing the real estate sector in 2017, the coming year is expected to reap the long-term benefits
Satish B N, MRICS joins Vestian as Deputy Managing Director, India
Satish BN, MRICS joins Vestian as Deputy Managing Director – India. In this role, he will lead operations for Vestian India and will be responsible for oversight of business development ...
The future is in zero net energy
The aim is to reduce the energy load of buildings via operational efficiency, technology and design. By Shrinivas Rao ...
A home will cost more now
With cement and steel showing the maximum increase in prices, construction cost for individual homes is all set to rise by about 15%. Ranjani Govind finds out more...
GST : A game changer for Indian Real Estate
The Goods and Services Tax (GST) will be a game changer for the Indian real estate sector as well as the economy...
Personnel movements: Avijit Mishra, MRICS, Vestian
Avijit will be responsible for real estate investment management and advisory services across the Indian peninsula.
Potential for rapid development: Yelahanka
Yelahanka was planned as a satellite town by the Kar- nataka Housing Board (KHB) in the 1970s.It is now a part of the areas under Bruhat Ben- galuru Mahanagara Palike (BBMP). ....
Bengaluru woman to be India's first at global transplant games in Spain
Reena Raju, 35, from Bengaluru, continues to achieve whatever she has set her heart on. Karnataka's first woman recipient of a heart donation, ....
Major Cos Land in Soup Over Messy Title Deeds
Major global and domestic companies in Hyderabad are jittery about the value of their real estate holding after the Telangana Government....
For the right office space
while some say an open-office helps staff communicate with each other easily ,others consider it a distraction , resulting in reduced productivity....
Green signal for higher realty prices?
Namma Metro running in four directions covering 42.3 km in Phase I has not just opened up the commerce related to land value along the metro line....
‘Bots’ will help you buy a house
Organisations are using Artificial Intelligence (AI) technologies to assist in improved and efficient business decisions, and provide timely and relevant customer support.....
Office space market pushing residential realty in East
The growing demand for office space in the commercial hubs in this region is pushing the demand for residential options too. The efficient connectivity is also a major draw....
Building a home in virtual reality
We are in the era of advanced innovation. All industries and sectors of the society are developing newer technologies to suit their needs and requirements ....
Major growth corridor
The South region of Bengaluru is one of the upcoming zones in commercial and residential space, according to maket experts. It is densely populated with provision for civic infrastructure ....
#SheInspires: Vidhya Ravindran, Associate Director - Transaction Advisory Services, Vestian
Their actions have inspired others to dream more, learn more, do more, and become more. This Women’s Day, 99acres celebrates women who have shown the courage to emerge as leaders ...
How has workplace design evolved with time
Our relationships with our jobs have come a long way, with the overall concept of an office space also changing over time. Over the past few decades we saw evolution of workplace in terms ...
Union Budget 2017-18: Pledge to a “Concrete” roof for all: Shrinivas Rao, Vestian
In a quest to increase transparency & accountability, the Union Budget 2017-18 outlined several pro-poor, pro-agriculture, pro-infrastructure initiatives today. While inclusion of Railways...
A Mixed Bag For Real Estate
The last quarter of 2016 saw a major slowdown for most sectors, with real estate taking the biggest blow. With the introduction of several policies and reforms, the government stirred up ...
Budget 2017-18: Industry demands relaxation in Income tax, standardization of construction material
NEW DELHI: Real estate industry has high expectation from the upcoming budget 2016-17. Stakeholders are demanding that central government gives relaxation in income tax rate, provide clarity on GST...