Latest news with #RERA
Gulf Today
5 hours ago
- Business
- Gulf Today
Why Dubai's off-plan real estate market is gaining global investor attention
Dubai has emerged as a global real estate hotspot, with off-plan properties leading the charge in attracting international investors. These developments are becoming the preferred investment choice. But what exactly is driving this interest? Let's dive into the key reasons why Dubai's off-plan real estate market is gaining global investor attention. 1. Attractive Prices & Flexible Payments Off-plan properties in Dubai are priced lower than ready homes, with initial booking amounts as low as 5-10%. Developers offer flexible post-handover payment plans, making it easier for first-time buyers and seasoned investors to enter the market. 2. High ROI & Capital Growth Off-plan properties promise significant capital appreciation by handover. With high rental yields and demand in key areas, early-stage investments can deliver strong ROI. 3. 100% Foreign Ownership & Strong Regulation Designated freehold areas allow full foreign ownership. Buyer protection is enhanced through escrow laws, the Real Estate Regulatory Agency (RERA), and oversight by the Dubai Land Department (DLD). 4. Strategic Global Hub Dubai's location between East and West, along with top-tier infrastructure and international airports, continues to draw expats and entrepreneurs, boosting housing demand. 5. Tax-Free Returns No income tax or capital gains tax is levied on residential real estate, maximizing returns for investors. Off-plan residential sales are largely VAT-exempt. 6. Mega Developments & Iconic Projects New projects in areas like Dubai Creek Harbour and Mohammed Bin Rashid City feature modern amenities and integrated communities. Investors can explore the latest Emaar new projects with retail and transport links. 7. Sustainable & Smart Living Dubai developers are integrating green building standards, solar energy, and IoT technology. Interested buyers can check out the latest DAMAC new projects on Bayut, a leading property portal in the UAE, to see how luxury and sustainability go hand-in-hand. 8. Long-Term Residency Incentives Investing AED 2 million+ qualifies buyers for a 10-year Golden Visa, supporting long-term living and family sponsorship. 9. Digital Buying & Global Access From virtual tours to online payments, Dubai's digital-first market allows global investors to buy with ease, without visiting in person. 10. Master-Planned Communities & Diverse Options Popular destinations like Dubai Hills Estate, Emaar Beachfront, and DAMAC Hills 2 offer walkable, lifestyle-focused communities. With a wide range of projects from developers like Sobha Realty and Nakheel, options suit various budgets and goals. Final Thoughts From flexible payment terms and strong ROI to digital accessibility and visa benefits, Dubai's off-plan market blends opportunity with long-term potential, making it a global favorite for real estate investment.
Economic Times
12 hours ago
- Business
- Economic Times
Sri Lotus Developers IPO opens for subscription; GMP at 29%. Should you bid?
Sri Lotus Developers and Realty is set to launch its Rs 792 crore IPO today. The IPO aims to tap into investor interest in Mumbai's luxury real estate market. The company plans to use the funds to support ongoing projects and for general corporate needs. Analysts suggest potential investors to consider subscribing for long-term gains and listing benefits. Tired of too many ads? Remove Ads Sri Lotus Developers IPO GMP Sri Lotus Developers company details Tired of too many ads? Remove Ads Should You Subscribe? Sri Lotus Developers and Realty will launch its Rs 792 crore IPO today, eyeing investor interest in the luxury real estate segment of Mumbai. The issue, which is entirely a fresh offer of 5.28 crore shares, will close on August 1. The price band has been set at Rs 140-150 per share, with a lot size of 100 from the IPO will be used to partly fund ongoing projects through its subsidiaries—including Amalfi, The Arcadian, and Varun—and for general corporate of the issue opening, the company is commanding a GMP of Rs 44, which is 29% over the issue company operates predominantly in Mumbai's western suburbs, focusing on ultra-luxury and luxury housing through redevelopment and joint development company had a net profit of Rs 228 crore in FY25, more than doubling from Rs 119 crore a year ago, on revenue of Rs 550 crore. Its EBITDA margin rose sharply to 52.6%, indicating strong by a solid pipeline of 16 projects across Juhu, Andheri, Bandra, Prabhadevi, and Ghatkopar, Sri Lotus is betting big on the rising demand for homes in the Rs 2.5 crore-plus company follows an asset-light approach, largely avoiding land acquisition and instead partnering with housing societies—a model that has allowed faster execution and leaner capital Rathi has issued a "Subscribe - Long Term" call, citing strong execution track record, brand premium, and presence in high-demand micro-markets of Mumbai. It notes that while the valuation appears fully priced at 30.6 times FY25 earnings, the fundamentals support long-term wealth Capital recommends the IPO for listing gains. The brokerage highlights the company's ability to complete projects well before RERA timelines and its premium pricing power, especially in areas like IPO is being managed by Motilal Oswal and Monarch Networth , with shares set to be listed on both NSE and BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
BGO and Aditya Birla Sun Life AMC invest ₹350 crore in Namo Realtech to fuel real estate expansion
Real estate credit platform of BGO, a global real estate investment management advisor and Aditya Birla Sun Life AMC has invested Rs 350 crore in debt to NCR-based Namo Realtech to fund its expansion in the real estate sector. Namo Realtech is currently executing 2 projects in collaboration with Max Estates , spread over 30 acres with approximately 6.4 million square feet under development. The company holds an additional land bank, and is in the process of acquiring further land assets on which it intends to collaborate with established developers. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Others MBA Data Analytics Public Policy CXO others Management Artificial Intelligence Degree PGDM Data Science MCA Project Management Cybersecurity healthcare Technology Healthcare Finance Data Science Operations Management Product Management Digital Marketing Leadership Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details 'India's residential market continues to show strong potential, and this transaction reflects our confidence in its sustained growth,' said Bharat Khanna, Head of India at BGO. The platform has committed to 9 projects across 5 cities focusing on post approval projects with established real estate partners. 'India's real estate sector has seen an increasing transformation in recent years with the help of government initiatives like GST and RERA. The funding is a testament to our shared vision of supporting high-value projects and driving long-term value creation,' said A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd. With the Namo Realtech deal, the platform has committed USD $100 Million across 10 deals with 7.8 million sqft of area under management. The platform targets to achieve USD 1 Billion of deployed capital under this strategy by 2028. AZB & Partners, Quantum and Trilegal acted as advisors on the transaction. Namo Realtech plans to launch its next project, a premium residential project in Gurgaon in collaboration with Max Estates. 'As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators,' said Mohit Jain, Managing Director at Namo Realtech. Mohit Jain, was responsible for establishing Krisumi Corporation in India in a Joint Venture with Sumitomo Corporation of Japan. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of Aditya Birla Sun Life AMC Limited (ABSLAMC), which is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.
Hindustan Times
3 days ago
- Business
- Hindustan Times
Has your real estate developer delayed possession of your flat? Here's how homebuyers can manage the EMI and rent burden
Buying a home is often the biggest financial decision of one's life. But for 32-year-old Diya Ganguly from Gurugram, it turned into a nightmare. In 2019, she booked a flat on Sohna Road, hoping to move in by 2021. Then the pandemic hit. Construction came to a halt, updates stopped, and she was left juggling EMIs and rent while waiting endlessly. It's now 2025, and the flat remains unfinished, with no clear possession date in sight. Ganguly's ordeal mirrors the struggles of many homebuyers whose dream homes remain stuck in limbo due to project delays. Delayed flat possession? A homebuyer's guide to handling EMIs and rent (Photo for representational purposes only)(Pexels) Under RERA, buyers can claim interest for delays The Real Estate Regulatory Authority (RERA) provides support for homebuyers in such cases. Let us take a look. 'Under RERA, if a developer delays possession beyond the promised date as mentioned in the agreement for sale, the homebuyer is entitled to seek refund of the entire amount paid along with interest (usually SBI MCLR + 2%) by filing a complaint before the RERA Authority. If the buyer chooses to withdraw from the project, the promoter must return the entire amount paid along with interest as per the provisions of the Act,' says Piyush Bothra, co-founder and CFO, Square Yards. However, if the buyer does not intend to withdraw from the project, the promoter is required to pay monthly interest for every month of delay until possession is handed over. Additionally, if there's any loss to the buyer due to a defective title of the land or fails to discharge any other obligations imposed on the promoter under the RERA, the promoter must compensate the buyer, and such claims are not restricted by any limitation period under existing laws. 'Moreover, if the promoter fails to meet any other obligations under RERA, its rules, or the sale agreement, they are also liable to compensate the buyer as per the Act,' says Bothra. Financial impact of delayed possession Managing financial affairs when possession of a house/flat is delayed, should be treated as an emergency situation as it creates a lot of hardship if the time stretches beyond comfort. 'This delay has a huge impact cost as the first challenge is to pay both EMI and rent. One faces a dual burden of paying EMIs and rent together. It is also not sure how much time this condition would prevail. This uncertainty disrupts other long term life plans,' says Madhupam Krishna, Securities and Exchange Board of India (Sebi) registered investment advisor (RIA) and chief planner, WealthWisher Financial Planner and Advisors. Also Read: Navigating tax complexities: What resident Indians must know when buying property from NRIs The first thing to do if your flat possession is delayed is to reassess your budget. Cut down on lifestyle expenses and shift to smaller housing if necessary. Explore freelance and other side income options. Build an emergency fund using SIPs in liquid funds or money in a savings account. Pause non-essential investments and if needed consider a loan moratorium or credit restructuring as a last resort. We look at three case studies to understand how they can manage their finances smartly in case of delayed possession of a property. Homebuyers' Guide: Here's how you can manage both rent and EMIs(HT Graphic) Delaying EMI payments would land you in trouble Remember, you have entered into an agreement while taking the loan, and you are legally bound to repay the loan, and missing EMIs will immediately lead to a negative impact on your credit score. A poor credit record can not only affect your ability to get future loans or credit cards but may also invite legal action from the lender. 'After a few missed EMI installments, the lender can issue you notices to pay the EMI, and if you don't clear the dues in the stipulated time and regularize your EMIs, the lender can classify your loan as a non-performing asset (NPA), initiate recovery proceedings, or even auction the property, because in almost all home loan cases, the property is given as collateral to secure the loan. Also, it's a fact that delaying or defaulting on EMIs won't influence the developer or speed up project completion, it only harms your own financial standing,' says Raoul Kapoor, co-CEO, Andromeda Sales and Distribution, a loan aggregator. If you are facing such a situation, it is time to act. First check the builder-buyer agreement and look for possession clauses, penalty terms, and force majeure provisions. 'Recollect all records of emails, notices, advertisements and project updates. If more people are impacted, join or form a group to increase collective bargaining power. Will legal aid send a legal notice to the builder to establish that you intend to seek remedy and initiate a formal dialogue,' says Krishna. For the legal steps you can see below. Here are the legal remedies available to homebuyers if their project is delayed(HT graphic) If your flat is delayed, smart budgeting and knowing your legal rights can help you manage the financial stress and stay on track. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics
Time of India
5 days ago
- Business
- Time of India
RERA slaps penalties on 5 developers over delays, violations
Hyderabad: In a series of rulings delivered between July 24 and 25, the Telangana Real Estate Regulatory Authority (RERA) imposed penalties on multiple real estate developers for violations related to villa, flat, and plot sales. The action followed complaints filed by aggrieved consumers against five developers—Suvarnabhoomi Infra Developers Pvt Ltd (Banjara Hills), Maha Infra Developers (Kondapur), Edifice Projects Private Ltd (Jubilee Hills), 2getherments Infra Pvt Ltd, and Bhuvanteza Infraprojects Private Ltd. B Suresh Goud and five others filed a complaint against Suvarnabhoomi Infra and Maha Infra for failing to complete the Suvarna Sampada 2 project. Though the project was to be completed within three years of obtaining HMDA approval, it remained incomplete even after six years. Basic infrastructure such as streetlights was missing, and those erected were demolished by TSSPDCL for being unauthorised. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad RERA imposed a joint penalty of ₹5.9 lakh on both developers and directed them to complete the development and promised infrastructure within 60 days. Doppalapudi Anitha of Bengaluru and others filed a complaint against Edifice Projects for failing to register their housing project. RERA imposed a fine of ₹15.2 lakh and directed the developer to immediately register the project. Misleading claims KSR Togetherments Flat Owners Mutually Aided Co-operative Society filed a complaint against 2getherments Infra Pvt Ltd, accusing the developer of misleading buyers by falsely advertising amenities and uploading an incorrect agreement for sale on the RERA portal. RERA slapped an ₹18 lakh fine on the developer and directed it to convene a general body meeting to refund or adjust maintenance charges. The developer must also transfer shops located on the ground and first floors—originally designated as common amenities—to the association, as per statutory requirements. A complaint from Archana Dhanasetty of Bansilalpet led to a ₹6.4 lakh penalty against Bhuvanteza Infra for not registering the 'Happy Homes phase I' project. Despite receiving ₹47 lakh in full payment, the developer failed to begin construction or deliver possession. RERA directed the company to refund the entire amount with 10.8% annual interest within 30 days of receiving the order.
