Understanding the impact of RERA on real estate

The Real Estate Regulation and Development Act 2016 that came in force on May 1 has come as light at the end of the tunnel. It will not only bring some discipline in the otherwise not so well regulated sector but will also protect the interests of buyers and genuine developers. Check out our full coverage on RERA

As the Act has kick-started the process of making rules for real estate sector, there is a lot of buzz in the real estate market. Both consumers and developers want to know how Real Estate Regulation and Development Act is going to change the way they have been buying and selling property.

Magicbricks is organising a Hangout tomorrow with renowned developer, Sumit Dabriwala, managing director, Hiland Group on ‘Impact of the Real Estate Regulation Act on the industry’ on June 29 from 12-12.30 PM. Ask your query on the topic by posting it here or on the event page.

More on Real Estate Regulation and Development Act

  1.       Once every state ratifies this Act, State Real Estate Regulatory Authority will be established in each state as a government body. Consumers can approach it for redressal of grievances against any builder

  2.       Real estate regulator to get the authority to govern both residential and commercial real estate transactions

  3.       Developer needs to park 70 per cent of the total project funds in a dedicated bank account. This provision will restrict developers from investing the takings of the booking money for one project into others

  4.       It becomes mandatory for developers to post all information on issues, such as land title status, project plan, layout, approvals, timelines for completion etc with the State Real Estate Regulatory Authority. This information, thus, will be easily accessible to the consumers

  5.       Developers will not be able to sell their projects on the basis of uncertain super built-up area as the law makes it illegal. The law has defined carpet area clearly

  6.       In case of project delay, the developer will also have to pay the same interest as the EMI being paid by the consumer who has invested in his project to the bank. The amount will be refunded to the consumer

  7.       As a punishment for violation of law, the maximum jail term for a developer is three years with or without a fine

  8.       If the buyer is not satisfied and notices discrepancies, the buyer can write to the developer about it within one year of taking possession asking for after sales services

  9.       Developer is not authorised to make changes to the decided plan on the basis of which he has sold the project, without the written consent of the buyer

  10.   It becomes mandatory for every project that is more than 500 square metres in area or more than eight apartments to register with RERA

Preeti Sharma is a part of Content and Advisory team at Magicbricks

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Noida residential land rates hiked by 14.19%

For group housing, the minimum reserved price which was between Rs.35,420 and Rs.93,750 depending on the category of sectors the rate has been raised to Rs.41,940 to Rs. 111,000.

Residential land rates in Noida are set to go up.

New Okhla Industrial Development Authority (NOIDA) Board at its meeting held on Thursday gave approval for a 14.19 percent hike in land allotment rates.

All land rates are rupee per square meter.

Commercial land rates were, however, not hiked.

Residential land rates in category E newly-developed sectors have been hiked from Rs.25,000 to Rs.29,600.

For category D residential sectors, the increase is from Rs. 29,170 to Rs.34,540.

C category residential sectors rates has been hiked to Rs. 41,320 from Rs.34,900 and in B category the hike is from Rs. 47,920 to Rs.56,740.

Land rate in A category highly-developed residential sectors has been enhanced from Rs.68,750 to Rs.81,400.

For group housing, the minimum reserved price which was between Rs.35,420 and Rs.93,750 depending on the category of sectors the rate has been raised to Rs.41,940 to Rs. 111,000

Institutional land rates for R&D, film studio, IT, ITES in sector 1,16A and sector 24 has been hiked from Rs.37,500 to Rs.44,400.

In Phase 2 and phase 3 areas, the increase is from Rs. 13,550 to Rs.16,040.

For Bio Tech Park, the hike is from Rs.10,240 to Rs 12,120.

For Telecom Centre and post office and super bazaar, milk,vegetable and fruit centres, land allotment rates has been raised from Rs.7,300 to Rs.8,640.

Land rates of farm houses on agriculture land has been enhanced from Rs.5,525 to Rs.6,540.

Industrial sector rates in phase 1 has been pushed up from Rs.22,640 to Rs.26,810.

In Phase 2, the hike is from Rs 8,060 to Rs.9,540.

In phase 3, the increase is from Rs.8,350 to Rs.9,890

Authority has also regrouped sectors in categories.

Category A sectors include sector 14, 14A, 15A, 17, 30, 35, 36,39,44,50,51 and 52.

B category sectors are sector 15,19,20,21,23,25 to 29, 31,33,34,37,40,41,46,47,48,49,53,55,56,61,62,82,92,93,93A,93B, 96,97,98,99,100,105,108 and 122.

Category C sectors include sector 11,12,22,42,43,45, 70 to 78, 104, 107, 110, 119, 120, 121, 128, 129, 130, 131, 133, 134, 135,137,143,143B,144,151 and 168.

Category D sectors are sector 63A,86,112,113,116,117 and 118.

Category E sectors are sector 102,115,158,162 and other remaining sectors.

Source

DDA clears prime property of illegal occupants

New Delhi, Jun 10 (PTI) The Delhi Development Authority today cleared a prime property worth Rs 500 crore in central Delhi of "illegal" occupants, two months after the Supreme Court authorised the land owning agency to take over it.

The delay in the action prompted Lt Governor Najeeb Jung, who is the Chairman of DDA, to direct its Chief Vigilance Officer to probe the "angle of collusion" of officials and bring the culprits to book.

However, in a meeting with Jung, the land-owning agency -- for lack of time -- could not take up the issue pertaining to allotment of land for a party office, sources said.

"It was on the agenda but could not be reached. The main issues that were taken up were Unified Building Bylaws and Transit-Oriented Development (TOD) regulation for Delhi," the source said.

Chief Minister Arvind Kejriwal tweeted in the morning, "Shud land meant for govt school be allotted 2 BJP to open their office? LG to decide this today. Do v need more schools or more BJP offices?"

In a statement, the LG office said DDA acted against the illegal possession on Jungs directions. The said property, with a total built up area of approximately 1,20,000 sq ft, is located at Central Delhis Jhandewalan area.

The Chief Legal Advisor and other senior officers of the DDA, in the presence of senior officers of Delhi Police, took over the possession of the entire building on site, the statement said.

"One of the Directors of the Company that had occupied the property formally handed over the possession of the entire premises to the team of DDA officers. Despite the Apex Court orders, the property was in illegal possession for about 2 months.

"The Lt Governor Jung has directed Chief Vigilance Officer, DDA to inquire and fix responsibility of delinquent officers within a week so that strict action is taken against those found guilty. LG has particularly asked the CVO to probe the angle of collusion," it said. PTI SBR KND RG

Source

‘परवडणारे’ घर मिळविण्याची धडपड

निलांजना चक्रवर्ती
बांधकाम करण्यासाठी उपयुक्त साहित्याच्या किमती सध्या घसरल्या आहेत आणि मजुरांची मुबलक प्रमाणावर उपलब्धता आहे. तुम्ही नवीन घर बांधण्याचा किंवा आहे त्या घरात बदल करण्याचा विचार करीत असाल, तर सध्याचा काळ तुमच्यासाठी अ​तिशय अनुकूल आहे.
आपले स्वतःचे हक्काचे घर असावे अशी प्रत्येकाची इच्छा असते. एका अहवालाअनुसार सध्या देशात २.४५ लाख घरे बांधून तयार आहेत. मात्र, ग्राहकांअभावी ती अद्याप तशीच पडून आहेत. मालमत्तांच्या किमतींत अद्याप 'करेक्शन' न आल्यामुळे गृहबांधणी उद्योगात सध्या अस्थिरतेचे आणि निराशेचे वातावरण आहे. त्यातच भरीस भर म्हणून नुकत्याच जाहीर झालेल्या पतधोरण आढाव्यात रिझर्व्ह बँकेतर्फे व्याजदरात घटही करण्यात आलेली नाही. याशिवाय वस्तूंचे ('कमोडिटीज') भावही घसरलेले आहेत.
या सर्व बाबींचा एकत्रित विचार केला असता, एक बाब लक्षात येते आणि ती म्हणजे घर बांधण्यासाठी ही सर्वोत्तम वेळ आहे. घरबांधणीसाठी आवश्यक वस्तू आणि कच्च्या मालाच्या किमतींत जवळपास ४७ टक्क्यांची घट झाली आहे. त्यामुळे गेल्या सहा तिमाहींमध्ये घरउभारणी किमतीमध्येही ६ ते २१ टक्क्यांची घट झाल्याचे दिसून आले आहे. घरबांधणीच्या खर्चावर परिणाम करणारा सर्वांत प्रभावी घटक म्हणून पोलादाकडे पाहिले जाते. देशातील पोलादनिर्मिती उद्योगाचे संरक्षण करण्यासाठी गेल्याच आठवड्यात केंद्र सरकारने आयात करण्यात येणाऱ्या पोलादावर किमान आयातशुल्क आकारण्याचा निर्णय घेतला. एप्रिल २०१४ ते सप्टेंबर २०१५ या कालाधीत पोलादाच्या किमतीत सरासरी १८ टक्के घट झाली. घरबांधणीसाठी स्टीलनंतर सर्वांत महत्त्वाची बाब म्हणजे सिमेंट होय. गेल्या काही महिन्यांमध्ये सिमेंटच्या किमतींत अल्पशी का होईना वाढ झाली. मात्र, सध्या सिमेंटचे दर एप्रिल २०१४च्या किंमतपातळीपेक्षा पाच टक्क्यांनी खालीच आहेत. या शिवाय विटा, रंग, इलेक्ट्रिकल फिटिंग आणि 'सॅनिटरी'शी संबंधित सर्वच वस्तूंचे दर खाली आले आहेत.

एकीकडे घरबांधणीसाठी उपयुक्त वस्तूंच्या किमतीमध्ये घट होत असताना बांधणी सर्वस्वी ज्यांच्यावर अवलंबून आहे, त्या मजुरांची मजुरी, 'आर्किटेक्चर'ची फी आणि अन्य किरकोळ खर्चांमध्ये मात्र, गेल्या दोन वर्षांपासून सातत्याने वाढ होत आहे. ​राजधानी दिल्ली आणि देशभरातील अन्य भागांमध्ये वाळू उत्खननावर निर्बंध लागू झाल्यामुळे वाळूच्या भावांतही वाढ पहायला मिळाली आहे. रिअल इस्टेट क्षेत्रात सध्या मंदीचे वारे वाहात आहेत. त्यामुळे या क्षेत्रातील नव्या प्रकल्पांची संख्या गेल्या दोन वर्षांच्या तुलनेत बरीचशी घटली आहे. त्यामुळे कामगारांच्या हाताला सध्या तरी मोठ्या प्रमाणात काम उपलब्ध नाही, अशीच परिस्थिती आहे. याचाच अर्थ कारागीर, मजूर आणि घरबांधणीसाठी उपयुक्त वस्तू सहजरित्या उपलब्ध होत आहेत. या पार्श्वभूमीवर जर तुम्ह घर बांधण्यासाठी आधीच जागा शोधली असेल आणि सर्व परवानग्या मिळवल्या असतील, तर वाट कसली पाहताय..सध्याच्या अनुकूल परिस्थितीचा लाभ उठवून घरबांधणीसाठी सज्ज व्हा.
त्यामुळे घरबांधणीची इच्छा असणाऱ्यांनी वेळ न दवडता आलेल्या संधीचा लाभ घेण्यास हरकत नाही. तसे पाहता बिल्डरच्या भरवशावर न राहता स्वतःचे घर स्वतःहून बांधणे, अनेकांसाठी अवघड बाब असते. मात्र, स्वतःच स्वतःचे घर बांधणे हा एक व्यवहारिक पर्याय ठरू शकतो. मात्र, सद्य परिस्थितीत घरबांधणीची हाती आलेली संधी दवडणे, ही एक घोडचूकच ठरेल. आमच्या अंदाजानुसार सध्या घरबांधणीसाठी ३० लाख रुपयांपर्यंत खर्च येतो. मात्र, सद्य परिस्थितीत हा खर्च १.९ लाख रुपयांनी घटण्याची शक्यता आहे. लक्षात घ्या.. घरबांधणीचे नियोजन करताना बराच वेळ खर्च होण्याची शक्यता असते. स्थानिक स्वराज्य संस्थेकडून सर्व परवानग्या मिळेपर्यंत बराचसा अवधी निघून जातो. घराची अपेक्षित रचना आणि कर्जपुरवठा यांच्यातही वेळ जातो. त्यामुळे दोन ते अडीच महिन्यांनंतर घरबांधणीचे नियोजन करणार असाल, तर आतापासूनच सवड काढण्यास हरकत नाही.
मोठ्या प्रमाणावर वस्तूखरेदी टाळा
घरबांधणीसाठी आवश्यक वस्तूंच्या किमती उतरल्या असल्या, तरी या संधीचा लाभ घेताना काही पथ्ये पाळण्याची आवश्यकता आहे. घरबांधणीसाठी आवश्यक वस्तू सहज उपलब्ध होत असल्या तरी, त्या वस्तूंची साठवण ही​ एक मोठी समस्या आहे. सिमेंट, विटा आणि स्टील यांच्या साठवणुकीत बव्हंशी समस्या निर्माण होत असल्याचे दिसून आले आहे. जरी तुमच्याकडे मोठ्या प्रमाणावर मोकळी जागा असली, तरीदेखील गरजेपुरतेच सिमेंटची साठवण करा. एकाच वेळी मोठ्या प्रमाणात स्टील आणि सिमेंट खरेदी करण्याची गडबड करू नका. गरजेप्रमाणेच वस्तूंची खरेदी करून त्याचा उपयोग करा. बांधकाम साहित्याचा विचार करता सर्वच साहित्य एकाचवेळी मागविण्याची आवश्यकता नाही. रंग, इलेक्ट्रिक उपकरणे आणि टाइल्स यांच्या किमती अगोदरच उतरल्याने या वस्तू बांधकाम अखेरच्या टप्प्यात आले असताना आणल्या तरी चालतात.
(महत्त्वाची सूचना : घरबांधणीसाठी उपयुक्त वस्तूंच्या किमती एप्रिल २०१४ ते सप्टेंबर २०१५ या कालावधीतील असून, दिल्लीतील बुरारी मार्केटमधील आहेत. )
Source

The top 10 clean cities in the country as per the Swachh Survekshan Awards-2016

The top 10 clean cities in the country as per the Swachh Survekshan Awards-2016 in the order of merit are

पहिल्या घरगुंतवणुकीसाठी नेरळ ठरतंय पसंतीचं ठिकाण

मुंबई शहर हे एक विकसित, गुंतवणूक आणि व्यापार उद्योगासाठी फायदेशीर असे ठिकाण ओळखले जात असले तरी आता त्याचा जवळच्या उपनगरांचाही झपाट्याने विकास होत आहे आणि येथेही गुंतवणुकीसाठी बराच वाव आहे. मुंबईनंतर येथील उपनगरांकडेही लक्ष वेधले जात आहे. याच पार्श्वभूमीवर, श्री जाधव आणि त्यांचे कुटुंब ज्यामध्ये त्यांचे आई, वडील, बायको आणि एक मुलाचा समावेश आहे, नुकतेच बाहेर विस्थापित झाले. मुंबईसारख्या महानगरात दरमहा २५,०००/- रु उत्त्पनात उदार निर्वाह करणे यांचासाठी दिवसेंदिवस कठीण जात होते. श्री जाधव यांना दुसरा पर्याय शोधणे आवश्यक होते आणि म्हणून त्यांनी नेरळचा पर्याय निवडला. श्री जाधव आणि त्यांच्या सारख्या इतर काहींनी नेरळ येथेईल उत्तम कनेक्टिव्हिटी, वाहतुकीच्या सुविधा, आधारभूत संरचना व गुंतवणुक संधीवर आकर्षक प्रतिफळाचा लाभ घेतला आहे.

>> नेरळ - मुंबई पासून ८३ कि. मी. >> आधुनिक कनेक्टिव्हिटीची उत्तम सांगड >> मुंबई, बदलापूर आणि ठाणे यांचाशी असलेली जवळीक नेरळला एक आकर्षक घर गंतव्य क्षेत्र बनवते.

पेशाने अभियंता आणि पार्टटाइम शिक्षक,श्री अजय सिंह सांगतात "कल्याण आणि बदलापूर मधले हे क्षेत्र अनेक उद्योग व व्यवसायांचे घर आहे. चार महाराष्ट्र औद्योगिक क्षेत्र आजुबाजुला असल्यामुळे आणि हजारो लघु व मध्यमस्वरूपाचे उधोग अस्तित्वात असल्या कारणाने भरपूर रोजगार संधी उपलब्ध आहे व त्यामुळे अंबरनाथ- बदलापूरपट्टा व्यावसायिक गतीविधींनी गजबजला आहे. येथील शैक्षणिक संस्था आणि IT उद्योगसुद्धा वाढीवर आहेत".


विजय इस्टेट वाकस, नेरळ

आपल्या वाकस, नेरळ, येथील वसाहती प्रोजेक्टबद्दल बोलतांना विजयग्रुपचे वक्ते सांगतात "आमचा "विजय इस्टेट" हा प्रकल्प १०० एकरच्या जागेवर वसलेला असून त्यात ७१% मोकळी जागा आहे.हि वसाहत स्वस्त दरात, उच्च राहणीमान आणि आरोग्यदायी वातावरण यांचे उत्तम मेळ साधते. विजय इस्टेट मध्ये प्रतेय्कासाठी काहीतरी आहे.आमच्या प्रकल्पामध्ये १, १.५, २ BHK हवेशीर, व प्रशस्त अपार्टमेंट, तसेच शाळा, क्लबहाऊस, क्रीडात्मकगती विधींसाठी क्षेत्र, बहु-उद्देशीय कार्यालय, व्यावसायिक जागा, व्याव्यामस्थळ, आरोग्य केंद्र आणि बरेचकाही कुठलीही तडजोड न करता उपलब्ध केले जात आहे."

नव्वदीच्या शतकातील शांत, निवांत, एकांताचे ठिकाण समजल्या जाणाऱ्या नेरळ चे रुपांतर आता एका विकसित, स्वयंपूर्ण आणि पहील्या घर गुंतवणुकीसाठी योग्य असलेले उत्तम ठिकाण यात झाले आहे.
Source

Bengaluru ranks 2nd after NCR on 'to-be-sold realty inventory' list

As many as 82,357 units are to be sold in the Bengaluru market.

Bengaluru took the second spot in terms of "to-be-sold real estate inventory" after the National Capital Region (NCR), says a study.

"In terms of to-be-sold inventory, Bengaluru stands second after NCR," said a report compiled by the Confederation of Real Estate Developers Association of India (CREDAI), Bengaluru Chapter, in association with real estate research giant Jones Lang LaSalle (JLL) here.

Source

Kingfisher House to be auctioned soon; lenders preparing to invite bids

The lenders, who have taken posession of the property, are expected to invite bids from potential buyers in a couple of days.

The Kingfisher House in Mumbai, the headquarters of Vijaya Mallya's once high-profile airline Kingfisher Airlines, will be auctioned shortly.
The lenders, who have taken posession of the property, are expected to invite bids from potential buyers in a couple of days.
This will be the first headway that bankers will have in the long-standing battle with the 'king of good times', being fought through various courts by a consortium of 17 banks led by the State Bank of India (SBI).
Source

Is this the end, or start, of Mumbai property price fall?

The number of construction applications developers have made in Mumbai has increased -- implying they are confident of prices rising in the near future. But more construction will add to the already-high inventory of housing stock in the city, putting downward pressure on prices.

Things on the property front in one of the world's costliest cities (when it comes to real estate prices, adjusted for per-capita income) are about to get interesting. A newspaper report today said the number of building proposals developers have made to the municipal body has risen, compared to last year. This show of confidence comes amid conflicting data that has emerged on the sector of late -- some of which suggest the city's property prices may have bottomed out while others suggest they could fall from current levels, on top of the weakness seen over the past year or so.

A Times of India report today says that in the seven-month period between April and October this year, the Municipal Corporation of Greater Mumbai (MCGM) has received over 600 construction proposals. Compared to this, the civic body received all of 989 proposals in the last fiscal (April 2014-March 2015). Such high optimism can stem only if developers are confident that they will be able to sell the number of apartments they construct. But this comes in the wake of a well-documented, ongoing tug-of-war between homebuyers and builders has been on in the city for sometime, with the former seen as postponing their purchases in expectations of a price fall, and the latter holding on to prices and testing buyers' patience. Interestingly, the construction approvals data comes on the heels of a report by consulting firm JLL that said aggregate residential unit sales in the city in the previous four quarters rose jumped 28 percent, on the back of 26.5 percent fall in new launches -- something that can help support prices. In the report, JLL India COO Ramesh Nair attributed the rise in sales to "fence-sitters having realised that a price correction of sorts has already happened - given that the capital values have not gone up in the last two-three years despite annual inflation of 5-8 percent". But the fact
remains that property prices haven't witnessed a meaningful correction, following a two-and-half-fold rise in a little under a decade -- though developers have lately resorted to means such as offering discounts or waiving off some charges as a way to reduce prices indirectly. The same ToI report quoted above says that the increased number of applications will add to the already high stock of inventory that has piled up over the past few years thanks to the slowness in sales. The number of unsold units in the city stands at over 72,000, something that will take 66 months to sell, compared to 8-12 months of inventory that builders keep in a normal market. While data show that most of the city's housing stock is incomplete rather than in ready-for-sale state, some experts say that that too is driven by wilful delays on the part of developers -- a tactic used by them to support prices. However, the high number of inventory will hit the market at some point in future, putting downward pressure on prices.


Read more at: http://www.moneycontrol.com/news/economy/is-thisend-or-startmumbai-property-price-fall_4493901.html?utm_source=ref_article

EMI Calculator

The EMI (Equated Monthly Instalment) calculator helps you calculate how much you need to pay a particular amount every month for the Home loan that you have taken, based on the given interest rate and tenure. Enter the below fields to find your EMI amount.

 Source

FAQ's in EMI Calculator

• 1) What is EMI?

  The meaning of EMI is "Easy Money Installments". Nowadays, this is the common term used frequently by everyone. More often EMI is referred for home loans. An Equated Monthly Installment is a fixed monthly payment made to the lender by the borrower towards repayment of the loan over a period of time.

• 2) What are the two components of EMI?

  It is essentially made up of two parts, the principal amount and the interest on the principal amount divided across each month in the loan tenure. The EMI is always paid up to the bank or lender on a fixed date each month until the total amount due is paid up during the tenure.

• 3) How it is calculated?

  The EMI is calculated taking into account the loan amount, the time frame for repaying the loan and the interest rate on the borrowed sum. EMI amount can be decreased by increasing the tenure of the loan or vice-versa. Or else you can take a lower loan amount as it will reduce the EMI amount.

Top Companies in India by Net Sales - BSE

Construction & Contracting - Civil

Net Sales as per the latest Profit & Loss Account available.

08 Feb 10:31 Rate 

Company Name	Last Price	Change	% Change	Net Sales (Rs. cr)
NCC	63.55	0.45	0.71	8,296.94
Simplex Infra	270.30	3.30	1.24	5,581.58
Hind Constr	20.60	0.15	0.73	4,134.80
IVRCL	7.75	0.12	1.57	3,117.42
Gammon India	16.40	0.25	1.55	2,966.99
Patel Eng	61.05	0.95	1.58	2,472.81
Pratibha Ind	38.95	0.55	1.43	2,404.95
JMC Projects	210.00	2.90	1.40	2,399.88
ILandFS Engg	54.50	0.10	0.18	2,359.90
Ashoka Buildcon	190.70	0.50	0.26	1,966.66
MBL Infra	157.90	2.30	1.48	1,948.48
Gayatri Project	644.95	-4.55	-0.70	1,601.14
Supreme Infra	117.30	0.00	0.00	1,516.95
ITD Cementation	99.60	-0.30	-0.30	1,369.41
J Kumar Infra	359.25	0.30	0.08	1,343.19
Madhucon Proj	56.00	1.65	3.04	1,137.39
Ramky Infra	32.00	1.50	4.92	1,079.74
Ahluwalia	266.80	-3.70	-1.37	1,059.92
C & C Construct	12.95	0.21	1.65	1,013.43
Unitech	5.08	0.03	0.59	969.96
KNR Construct	490.00	-13.20	-2.62	876.13
BL Kashyap	16.60	0.40	2.47	807.58
Unity Infraproj	13.06	-0.08	-0.61	771.05
ARSS Infra	33.60	0.20	0.60	655.53
Valecha Engg	32.00	-0.15	-0.47	649.94
CCCL	4.83	0.23	5.00	648.15

Mahindra Life	459.00	0.05	0.01	624.01
Tantia Const	20.50	0.60	3.02	522.80
RPP Infra Proj	131.90	1.20	0.92	263.14
CHD Developers	11.82	-0.18	-1.50	233.21
Man Infra	36.35	-0.25	-0.68	191.77
Welspun Enter	50.40	-0.25	-0.49	184.31
SSPDL	50.00	-9.05	-15.33	149.36
Mukund Engg	28.00	0.50	1.82	139.29
Prakash Constro	3.96	-0.20	-4.81	128.17
Noida Toll	22.85	-0.10	-0.44	122.99
PVV Infra	9.05	0.08	0.89	113.87
Niraj Cement	19.00	0.35	1.88	84.06
Gammon Infra	4.72	0.01	0.21	81.36
Raunaq EPC Int	120.00	-8.30	-6.47	79.91
Tarmat	28.10	1.15	4.27	66.21
Veer Energy	3.85	-0.01	-0.26	47.73
Elnet Tech	77.90	1.90	2.50	21.48
Conart Engineer	30.00	-0.45	-1.48	19.11
Rander Corp	14.00	-0.25	-1.75	4.34
Shelter Infra	18.35	-0.95	-4.92	3.84
Bronze Infra	9.56	-1.05	-9.90	2.08

Source

Top 10 Indian CEOs And Their Real Estate Possessions

Mukesh Ambani 

Our fundamental belief is that growth is a way of life and we have to grow at all times

 

Born: April 19, 1957 in Aden, Yemen 

Education: Mukesh Ambani cleared IIT-JEE and had joined IIT Bombay. But later joined University Department of Chemical Technology (UDCT) Mumbai (now known as Institute Of Chemical Technology), to be with his friends. In 1981 he dropped out of Stanford Graduate School of Business. Career: In 1981, Reliance had got a licence to make polyester and he had to return to India to work on it. Mukesh Ambani was the brain behind Reliance's backward integration from textiles into polyester fibres and further into petrochemicals. He was the chairperson of IIM Bangalore's Board of Governors from 2006 to 2014. 

Remuneration: INR 15 crores (205-times median salary)

Networth: US$ 18.9 Billion.

Interesting Facts: The Ambanis are vegetarians and teetotallers. He owns a whopping 168 cars including Maybach 62, Mercedes SL500. He pays for his 'Z' category security. Isha Ambani (daughter) worked as a business analyst at McKinsey (New York) before being inducted in RIL group's board Twitter Followers: 0.44 million. 

Residence: Altamount Road, South Mumbai. Other business icons such as KM Birla (Chairman, Aditya Birla) and Naresh Goyal (Chairman, Jet Airways) live here. Antilia is his 27-storey 400,000-square-foot home designed by the Will and Hirsch Bedner Associates at a cost of US$ 1 billion. The property has three helipads, six floors of parking, own car service station, nine elevators, health spa, salon, ballroom, 50-seat movie theatre, multiple swimming pools, yoga and dance studios, ice cream room and series of floating gardens. It needs a full-time staff of 600 to maintain.

 

Azim Premji

Born: 24 July, 1945 in Mumbai 

Education: Dropped out of Stanford University at age 21 to take over the reins of Wipro following the sudden demise of his father. At that time, the company made hydrogenated cooking fat 

Career: Chairman of Western India Palm Refined Oil (WIPRO). Under his guidance WIPRO expanded its business area and entered into the business of softwares in 1980s to became one of India's largest IT organizations. He was honoured with Padma Bhushan in 2005 and Padma Vibhushan in 20 Remuneration: 89-times median salary 

Networth: US$ 15.9 Billion

Interesting facts: He introduced the Wipro Equity Reward Trust (WERT) back in1984 to reward his employees for their good work, a practice that was not common in India at the time. He is a stickler for time and expects the same from his employees. His day starts at 4.30am. He enjoys trekking and watching movies while not working. He always travels in economic class and do not mind taking an auto-rickshaw if required. He pledged about US$ 2 billion to improve education in rural India by transferring 8.6% of his stake to Azim Premji Foundation 

Residence: Doddakannelli, Sarjapur Road, Bangalore. He also owns a large bungalow and garden on Walkers Road in Coonoor. Infosys cofounder and UIDAI chief Nandan Nilekani is his neighbour with his six-acre bungalow, Gable

 

Ratan Tata

I don't believe in taking right decisions. I take decisions, then make them right

Born: December 28, 1937 in Surat

Education: B.S. in architecture with structural engineering from Cornell University [1962]. Advanced Management Program from Harvard Business School 

Career: He stepped down as the chairman of Tata Group in 2012. In 2014 he took up the mantle of chief adviser to AirAsia India.

Networth: Approximately $600 Million. About 66% of equity of Tata Sons is held by philanthropic trusts such as Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. This is the reason why Ratan Tata is not in the list of Billionaire club. 

Interesting Facts: He recently ignored an invitation by Bill Gates and Warren Buffet to watch a cricket match as he had to attend a philanthropy reception in New Delhi. He owns Ferrari California, Cadillac XLR, Maserati Quattroporte, Mercedes SL500, Land Rover Freelander, Chrysler Sebring. Known for being a dog-lover, he feeds dogs in his Colaba neighbourhood regularly 

Twitter Followers: 4.66 million 

Residence: Cuffe Parade, South Mumbai. Other industrialists such as Cyrus Mistry (Chairman, Tata), and Anil Ambani (Chairman, Reliance ADAG) live here. His residence has a modern architecture with an area of 13,350 sq.ft. It offers the best possible sea view and comprises of three storeys. His new home unlike other celebrity homes stands simple in its appearance as the man himself. His second residence is in Alibag, Maharastra. He either drives down in his Mercedes or uses the Taj Hotels yacht to ferry himself to the beach

Kumar Mangalam Birla

A leader has two roles to play. One is incubating talent; the other is being a strategist

Born: Jun 14, 1967 in Pilani, Rajasthan. 

Education: B.Com from University of Bombay, CA from ICAI and MBA from London Business School Career: Became chairman of the Aditya Birla Group in 1995 at a very young age of 28 after the death of his father. 

Remuneration: INR 19 crore. 

Networth: US$ 7.7 Billion. 

Interesting facts: He takes 10 days off every year to spend time with family in either London or St Moritz in Switzerland. He owns two private jets - Cessna Citation and a seven-seater Gulf Stream (G100). He has a BMW 760 Li bulletproof sedan. He is a teetotaller and vegetarian. Ananya Birla (daughter) heads Svatantra, India's youngest microfinance firm. 

Residence: Carmichael Road, South Mumbai. Other business icons such as Mukesh Ambani (Chairman, Reliance Industries) and Naresh Goyal (Chairman, Jet Airways) live here. The Birlas have two homes in Mumbai. They have a two floor apartment at the posh location of Malabar Hill. There is also a bungalow on half an acre of land on Carmichael Road. The Carmichael Road also has residences of Ratan Tata and Mukesh Ambani. Recently he emerged as the higest bidder for the Jatia house for 425 crores.

Anil Ambani

One can learn to exercise will power, discipline one's body and train one's mind

Born: June 4, 1959 in Mumbai 

Education: Bachelor's degree from University of Mumbai, MBA from Wharton School of the University of Pennsylvania 

Career: Chairman of the Anil Dhirubhai Ambani Group. He joined Reliance in 1983 as Co-Chief Executive Officer. 

Remuneration: INR 5.5 crore

Networth: US$ 2.9 Billion 

Interesting facts: Anil Ambani is very punctual and high on time management. He reaches office by 9.30 am and leaves by 9.30 pm. Anil Ambani is a regular participant of the Mumbai Marathon. He owns several luxury cars such as Lamborghini Gallardo, Mercedes S Class, Maybach, BMW 7 series, Audi Q7, Rolls Royce, Porsche, Lexus. He goes to bed by 10pm and starts his day at 5.30 am. He conducts review meetings on Sundays.

Residence: Cuffe Parade, South Mumbai. Other industrialists such as Ratan Tata (ex-chairman, Tata) and Cyrus Mistry (Chairman, Tata) live here.

Sunil Bharti Mittal If you are caught between Speed and Perfection, choose Speed, Perfection will follow

Sunil Bharti Mittal

If you are caught between Speed and Perfection, choose Speed, Perfection will follow

 

Born: October 23, 1957 in Ludhiana 

Education: Graduate from Panjab University, Chandigarh in 1976. MBA from Harvard Business School. 

Career: Chairman and Group CEO of Bharti Enterprises. He started his first business in 1976 at the age of 18, with a capital investment of Rs 20K. His first business was to make crankshafts for local bicycle manufacturers. In 1980, he started an import enterprise named Bharti Overseas Trading Company to import gensets. In 1983, he introduced the push button Beetel brand of phones. In 1995, he launched Bharti Cellular Limited (BCL) to offer cellular services under the brand name Airtel. He received Padma Bhushan in 2007. 

Remuneration: INR 27.17 crore (324 times median salary).

Net-worth: US$ 6.2 Billion

Interesting facts: He is a regular practitioner of Yoga. He loves ghazals by Jagjit Singh and plays golf & tennis in his free time. He has pledged US$ 16 million for building toilets in Punjab. Interestingly, when Sunil Mittal embarks on a major project – he stops eating meat. Bharti Foundation has funded over 50 schools in Madhya Pradesh and also donated Rs 200 million to IIT Delhi for building a Bharti School of Technology and Management. 

Residence: Amrita Shergill Marg, New Delhi. Other business icons such as Shravan Gupta (MD, Emaar MGF Land) and Kabul Chawla (CMD, Business Park Town Planners) live here.

Natarajan Chandrasekaran

 

Everything today happens on social media, not around the water cooler

 

Born: June 1963 in Mohanur. 

Education: Bachelor of Science in Applied Science from Coimbatore Institute of Technology in 1986, Master's Degree from National Institute of Technology, Tiruchirappalli. 

Career: He joined TCS in 1987. In 2009, he became the CEO and MD of TCS. He was Nasscom's chairman and vice chairman for few year 

Remuneration: INR 21.28 crore

 Interesting facts: He runs along the Worli Sea Face, one of Mumbai's most famous promenades every day at 5am. He now runs one full marathon and several half marathons every year in cities across the world, such as New York, Prague, Stockholm, Vienna, Chicago, Berlin and Tokyo. He loves cricket and is an avid trekker. He has a very good memory and knows first names of at least 5000 people in TCS. He loves visiting the theatre and Museum of Natural History in New York whenever he has a free weekend. He is an Apple fan and uses the latest iPhone and iPad to schedule his appointments Residence: Worli, South Mumbai. He has a weekend home in Lonavala, a hill station outside Mumbai

 

Anand Mahindra

Regret only the risks you did not take

Born: 01-May-1955 in Mumbai

Education: He graduated from Harvard University in 1977. He got a full scholarship ($12,000/year) for all 4 years from Harvard University. He graduated from Harvard Business School in 1981 Career: He joined the company arm, Mahindra Ugine Steel Company in 1981. He became the Managing Director in 1997 and Vice Chairman in 2003. He was the president of CII and ARAI. He has several memberships in elite institutions such as Harvard. He played a key role in backing and promoting the Pro-Kabaddi league. His two daughters Aalika and Divya don't work for Mahindra and are interested in film making

Remuneration: INR 6 crore 

Net-worth: US$ 1.13 Billion

Interesting fact: He loves photography, football, tennis and extreme sports likes sailing. He also enjoys listening to the Blues and set up an annual Mahindra Blues Festival in Mumbai in 2011 Twitter Followers: 2.4 million.

Residence: Nepean Sea Road, South Mumbai. Other business icons such as Venugopal Dhoot (CMD, Videocon) and Suneel Advani (VP, Blue Star) live here.

 

Aditya Puri

We have to sell products like McDonald's sells hamburgers

Born: October 27, 1950 in Shimla. 

Education: Bachelor of Commerce degree from Punjab University, Associate Member of the Institute of Chartered Accountants of India. 

Career: Managing Director of HDFC Bank Ltd. since September 1994. HDFC Bank began with five clients—the Tatas, Birlas, Reliance Industries Ltd, Hero Honda Motors Ltd and Siemens Ltd. Remuneration: INR 7.4 crores (117 times median salary) 

Interesting facts: He is the first person to reach office by 8.30am and doesn't carry a mobile or laptop. He believes in a work-life balance, leaves office by 5.30pm and doesn't work on weekends. He takes one long vacation each year. This gives him enough time to grow exotic vegetables & fruits such as strawberries, mulberries, guavas and Italian lemons at his Lonavala farmhouse. He has a dog, Bushka, a mix of Great Dane and Doberman. Amrita Puri (daughter) is an Indian film actress known for her roles in successful Bollywood films like Aisha, Blood Money and Kai Po Che!

 Residence: Worli, Mumbai

 

Y.C Deveshwar

Sometimes, Not Taking A Risk Is The Biggest Risk

 

Born: February 04, 1947 in Lahore, British India. 

Education: BTech in Mechanical Engineering, IIT Delhi [1968]. AMP Diploma from the Harvard Business School, Massachusetts. Advanced training in Hoteliering and Services from Cornell University, United States. 

Career: He joined the Indian Tobacco Company (ITC) as a management trainee in 1968. In 1996 he became the Chief Executive and the Chairman of ITC Foods Limited. He was the president of CII. He is a member of the Board of Governors in ISB and the Board of Governors of IIM Calcutta. He was awarded Padma Bhushan in 2011. 

Remuneration: 439-times median salary (INR 15 crores)

 Residence: ShantiNiketan, South-central Delhi. 

 

Source

 

The Top 5 Property Portals of India - 2015. Here is our list. (Again)

Question: Which are the Top 5 Property Portals in India right now?

Answer: Here is that list;

1. Magicbricks (www.magicbricks.com)
2. Commonfloor (www.commonfloor.com)
3. 99acres (www.99acres.com)
4. Indiaproperty (www.indiaproperty.com)
5. Housing (www.housing.com)

Note: Changes in the Top 5 list from the IREFD Top 5 Indian Real Estate Portals (2013)

#1. Magicbricks Rank in 2013 - #1 (No Change)
#2. Commonfloor Rank in 2013 - #3 (Up 1 Position)
#3. 99acres Rank in 2013 - #2 (Down 1 Position)
#4. Indiaproperty Rank in 2013 - #5 (Up 1 Position)
#5. Housing Rank in 2013 - #4 (Down 1 Position)

Sadly, no new entrant into the top five list this year.

Next IREFD Top 5 Indian Property Portals List ~ April 2016

Cheers!

The IREFD Team

How were the Top 5 Property Portals of India (2015) selected?

The selection was done in the following manner;

#1. Alexa Traffic Rank Study

Alexa Traffic Ranks and Bounce Rates of Indian Property Portals as on 03 April, 2015

A traffic rank check on Alexa resulted in the above shown global and Indian ranks for the property portals. 99acres is #1 in terms of the Alexa traffic ranking system. Housing.com came in at 5th position. A 19.5% bounce rate shows that visitors to Housing.com are staying back to explore all the new tech and categories more than on any other Indian property website today.

#2. MOZ Rank

For the 2015 Top 5 Indian Property Portals List, we used the MOZ Domain Authority Values as on 03 April, 2015

On comparing the websites using the Open Site Explorer Tool from Moz, Magicbricks emerged as the clear leader in terms of established domain authority, Moz Rank and Moz Trust. Indiaproperty is in second place here (giving them a big advantage in the overall ranking) followed by 99acres and Housing, both of them having domain authority figures of 50. Commonfloor is in second place with MozRank, telling us that they are the folks to look out for in the year ahead.

#3. Past 6 Months Traffic Analysis

When it comes to website traffic estimation, Similarweb is a service you cannot go wrong with. Here are the monthly visitors figures for all the 5 Indian property portals in one simple chart;

Estimated monthly visits/ pageviews stats - Top 5 Indian property portals - as on 03 April, 2015.

Magicbricks leads the pack here, averaging over 5 Million pageviews per month and reaching 7.5 Million pageviews in February 2015! Commonfloor with that green line is at a steady #2 position averaging just over 4 Million monthly pageviews/ visits. 99acres actually trails behind Commonfloor this whole while, bringing it down to overall #3 position in the final IREFD ranking.

The surprise here is Indiaproperty (orange line), starting with a monthly traffic of under 3 Million/ month in September 2014 and reaching close to 6 Million monthly visits in January 2015. Commendable. Housing trails with monthly visits rising from 1 Million to about 2 Million over the last 6 months.

#4. Look, feel and homepage

First impressions are important in India's changing real estate market. The new age home buyer is informed and in many cases, cautious. Which of these property portals have the best landing page and browsing experience? Last time around, we thought Housing was revolutionary and their approach to a property search was spot on. This time, every Indian real estate portal looks somewhat the same when you land on that homepage proving us right.

Among all, Commonfloor is the classiest. The way the folks at Commonfloor are seeing the realty market and its online avatar, makes a lot of long term sense. They deserve that #2 position on this list, hands down.

The commonflor.com home page screenshot - April 03, 2015 (click to enlarge)

Quick Review - Top 5 Indian Property Portals

#1. Magicbricks

With an Alexa India traffic rank of 142, Moz DA of 68 and a credible estimate of over 5 Million pageviews every month and rising, magicbricks.com is the numero uno place to put your money on, if you are a builder. These folks are serious about their business and understand the need for mainstream advertising to give your real estate project, all the online mileage that money can buy.

Pros: Robust Traffic, Clear Market Leader, Quick to Adapt, Best spread of traffic sources
Cons: Some of that referral traffic and others seem low quality/ irrelevant for real estate

#2. Commonfloor

If you are a real estate builder and have to decide between a listing at 99acres and Commonfloor, you should put your money down on commonfloor.com. At least that is what we, at IREFD would do.

Pros: Steady Traffic, Forward thinking approach with long term plans like community building tools
Cons: Poor quality referral traffic, low Moz Domain Authority

#3. 99acres

99acres has a big offline brand equity and they have people in place to liaison with builders across the country. Their traffic from internet searches is pretty high. They are at #3 on this list simply because with their might and presence, they should have pushed magicbricks harder to keep that #1 slot. (They could be looking at a sea change in things but only time will tell.)

Pros: Steady Traffic, brand equity, time in market and builder relationships
Cons: 99acres seems to have slowed down considerably overall.

#4. Indiaproperty

A 100% rise in monthly traffic from under 3 Million in September 2014 to almost 6 Million in January 2015 means that these folks are serious. At one point in the last 6 months, they had more traffic than magicbricks. We would seriously keep an eye out for Indiaproperty.

Pros: 100% traffic jump in the last 6 months, new online advert networks other than Google
Cons: Low search traffic, low quality referral traffic

#5. Housing

Housing is the trendsetter for all the leading Indian property portals. Housing is serious about technology, innovation and simplicity. They are thinking up algorithms and data mining to bring you numbers, information, listing expiry logic and what not. They have also pumped in a boat load of money into advertising as we type this comparo. That should do them good in the times ahead.

Pros: The tech kings, the user interface kings, the internet surfers, the cool dudes
Cons: Being all of that does not sell real estate, yet. Plus we saw some adverts on that homepage and the twitter profiles of those testimonials need to be beefed up 10x. ;)

Parting Notes 

#1. Can we have a refreshed traffic stat without internet traffic from way2sms? It would help immensely.

#2. Nestoria and Mitula can drive substantial traffic to your real estate website.

#3. There is a difference between stuff being sold on flipkart/ amazon and real estate. In real estate, you move all your buyers to the assembly line. Its unique, isn't it? Think out of the box. When you are moving people and not merchandise, standard rules could fail.

#4. If you had a real estate listing website with the right products (which just means finding the right builder; building the right stuff) you would not have to worry about millions of pageviews every month. Maybe, a few thousand visits could help you sell a few apartments each month, for a handful of such builders and you would make more money in reality. On the internet, less is more.

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