JLS's Realty Updates !!

16/06/2017 Real Impact of GST on Realty Sector

It is expected that with the implementation of GST, cost of real estate sector will comparatively reduce and hence the benefit of the reduced cost must be passed on to the customer. It will bring in more transparency and things will become crystal clear as instead of many agencies,  there would be a single nodal agency which can make the whole process streamlined and property methodical attracting more FDI.

12/06/2017 DLF's Rental Income

Realty major DLF's total rental income should rise by 12% to about Rs 2,900 crores this fiscal on better realisation from existing commercial assets and addition of new properties in Chennai and Delhi.  The rentals will rise as the company has renewed its existing stock at a higher value after the expiry of 9-Year Leasing Agreement with the occupiers/ tenants. DLF, the country's largest real estate firm earned a rental income of around Rs 2,600 crores last fiscal. 

10/06/2017 RERA Brings Realty Check

RERA (Real Estate Regulation Act) was brought in with the purpose of enhancing transparency, mitigating information asymmetry, and applying a uniform 'code of conduct' for developers across various states. RERA seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stake holders i.e Builders/ Buyers. However residential prices are likely to rise in the post RERA World.