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This saw many investors left with investments in properties which were either well behind schedule, well above budget or were never finished. This encouraged accusations of fraud and underhand activity which did confidence in Indian real estate no good whatsoever. There is a growing opinion that we will see a shift from 1 hour loans direct lender investor driven markets more towards end-user driven activity. Even though many private personal loans for bad credit reviews investors have been delaying potential real estate investments throughout 2015 there are signs that things are changing. We may see home prices fall further in the early part of 2016 but there are hopes of recovery thereafter. Even though 2015 was a difficult time for the Indian real estate market the Indian office space sector performed admirably.
Recently we have seen pay weekly loans bad credit a large amount of available office space changing hands amid signs that long-term private equity investors are willing to fund new office space developments. The e-commerce sector in India is still very strong and rental yields on office space are proving attractive to an array of different investors.
India was recently confirmed as the fastest-growing economy in 2015 and while further growth is expected in 2016 we may see a reduction in the growth rate. However, all in all it looks as though the Indian real estate market is fairly well-positioned for 2016 in what many believe could be a transitional year. At a time of uncertainty, as the UK looks to leave the European Union, it is encouraging to see the likes of leading real estate consultancy firm JLL India taking a more positive outlook on the worldwide real estate market. The 1 hour loans direct lender company believes Kochi will be the next property market hotspot in India and there are some very good reasons why this conclusion was reached.
The Indian property market is certainly growing in popularity with foreign investors and we are starting to see investors looking away from the larger well-known cities. As the Indian government looks to increase investment in infrastructure it is certainly worth noting that Kochi has the largest global hub terminal for international container transport in the country.
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As business in the region grows so will demand for local real estate and the economy will certainly benefit going forward. The ongoing construction of an international terminal at Kochi will again have a major impact upon visitor numbers to the region. Due to be commissioned in 2016 the airport will be able to handle up to 4000 passengers per hour attracting both business and domestic travellers. This is just another piece of the jigsaw which will see ever-growing demand for real estate in and around Kochi. The Indian Ministry of Urban Development has included Kochi in its list of 20 candidates for so-called smart city status. This development will see yet more investment in Kochi covering areas such as e-governance, water management, power supply and general infrastructure. This 1 hour loans direct lender all adds to the attractions for both domestic and international businesses looking for a foothold in the Indian market. There will also be yet more investment in general transport links in the region complementing the new airport and international container transport terminal. When you consider the ongoing changes in and around Kochi the introduction of a metro rail service, due to be operational by 2017, is yet another feather in the cap of the local authorities. If you look at the long-term potential of the Indian economy not to mention the enormous population, many of whom have yet to benefit to any great extent from the recent growth in the economy, there is certainly great potential for cities such as Kochi. Investment in infrastructure, smart city status and an expanding real estate market will catch the eye of domestic and overseas investors.
When you also 1 hour loans direct lender consider the recent changes in real estate regulations, offering greater protection to developers and investors, could we possibly be headed for a perfect storm for cities such as Kochi? Over the last few years we have seen major movement in the Indian real estate market with the authorities looking to be more transparent and offer additional protection to investors.
However, this situation will change with national and local regulatory bodies to be set up with large home and office projects legally obliged to register. There is also an obligation for real estate brokers to sign up which has been another area of contention. In times gone by there has been nothing to stop developers using deposits and initial instalments from investors for purposes other than the specific property development projects. Some developers have overstretched themselves acquiring land which has left them short of funds to finish some projects. When you bear in mind the current issues cash advance lexington ky across the Indian real estate market, with in excess of 1 payday loans online no credit check million apartments unfinished across the country s three major cities, this change in penalty payment interest rates could have a material impact. In a further reflection of the draconian real estate regulatory system used in years gone by the idea that investors pay for communal areas in multiple bad credit loans no guarantor apartment developments has been abolished. This will likely place more pressure on the 1 hour loans direct lender finances of property developers across India but investors will only pay on the carpet area living space. It will be interesting to see how this move impacts 1 hour loans direct lender the real estate market and indeed whether property developers look at alternative means of funding communal areas.
Many investors in the Indian real estate market will have experienced the situation where funds have been taken for a development only to find that property planning permission and government approvals were never forthcoming. The new regulations will insert a legally binding clause into each contract stipulating that projects can only be launched after regulatory clearance.
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The Regulatory and Authority (RERA) Act 2016 has been used by the state authorities of Mumbai to make various changes to the original draft regulations.
As we have covered in recent articles, the act was seen as a major step forward in fighting corruption and a lack of transparency in the Indian real estate market. This together with recent moves against money laundering has certainly put the Indian real estate market back on the map. However, will changes from state to state undermine this good work? Consumer rights group Mumbai Grahak Panchayat (MGP) has issued an online call for signatures to oppose the proposed rule changes. They believe that the changes favour developers over investors and reduce the original level of protection afforded to all parties. The option to tweak the underlying new regulations from state to state was seen as a bargaining tool to ensure as many of the regulations were adopted as possible.
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