Institutional investors’ interest in Indian warehousing market is growing manifold on the back of the government’s initiatives such as Make in India, implementation of the Goods & Services Tax, and infrastructure status for the logistics sector.
Global and domestic institutional investors have, over the past four years, invested over $3.4 billion into Indian warehousing that has long remained unorganised. These accounted for around 26% of the total private equity (PE) investments into real estate during this period.
The demand for warehouses is growing as there is a rise in demand from sectors like e- commerce, FMCG, consumer durables and manufacturing.
The growth in warehousing in India is primarily being driven by the following factors:
Growing manufacturing activity
Rising domestic consumption,
Increasing international trade
Emergence of organised retail in the country
Increasing private and foreign investments in infrastructure
Easing of government regulations
Moreover, the Indian market is witnessing a demand of innovative warehousing which is encouraging lot of organized players to enter this market. Warehousing is differently a segment which can’t be ignored.
Joka known for Indian Institute of Management in Kolkata has gained immense popularity for their curriculum. And now this area is witnessing massive boost due to upcoming metro near the IIM. As the metro work is in full swing so are the properties launches. Big developers like PS Group, Rajat Group have launched their respective projects which are gaining popularity among the masses. National developer Godrej Properties are also planning to come up with their 3rd project in Kolkata.
All these launches will see high rise apartments coming in the next few years and will definitely change the area of Joka.
Keep a look on our blog for updates on the property launches in Joka.
We at Pushpanjali Realtors, have plenty of options for resale flats in Kolkata within your budget. Be it in the techno city of New Town, Rajarhat or the posh locality of Alipore, we provide wide range of resale flats in Kolkata. With GST, the demand on ready properties has been on demand as the buyers can save on the GST.
We have surveyed the real estate market to study if ready-to-move properties will be cheaper for home buyers, as the GST (Goods and Services Tax) is applicable only to properties that are under construction and have not received the completion/possession certificate yet. Hence we have gained an idea since ready-to-move-in properties are exempt from the GST, the demand of resale flats in Kolkata or any ready to move in properties will be higher. However, the tax calculations under the new rules, for the real estate market, are not that easy.
So if you are looking for affordable resale flats in Kolkata then you can contact us over phone or reach out to our address or fill our enquiry detail form provided at our website. We would be happy to help you to find your dream home.
Real Estate is one of the crucial sectors of Indian economy and plays an important role in recruiting employment in India. Real Estate ranks second just after agriculture sector. With the Goods and Services Tax (GST) planned to replace multiple levels of taxation, let’s look out how it’s going to impact on real estate industry.
According to experts, GST would bring a fair transparency in real estate sector and would minimize deceitful transactions. So, the implementation of GST will definitely be a positive sentiment booster among property buyers. Though, the end-consumer satisfaction also depends on the final price of the property as it is driven by market conditions than on costing principles.
Currently, sale of land and buildings does not fall in GST boundaries but expected to be taxed within a year. On the other side, land and building construction would be beneficial with the price declared for cement, bricks and iron under GST. So the realtors believe that ready to use properties would be highly preferred by home buyers as GST does not implement for the time. However, these properties may have a high price as it is not beneficial of input tax credit.
In real estate sector there is always a huge unrecorded expenses for each project. Due to GST implementation this percentage would cut down which would benefit the real estate sector. So the impact of GST on real estate sector is expected to be neutral under GST as it is going to have a lot of transparency and accountability.
Cloud9 is a luxurious apartment developed by reputed developers of Kolkata.
Nearing completion, Hi-End Residential Project located, Off Alipore, Kolkata . “Cloud 9” – An affordable luxury residential project offering the comforts in city’s most posh location. Twin Tower Complex, having 2/3 & 4 BHK cross ventilated apartments, with majestic view of River Hooghly and 2nd Hooghly Bridge.
West Bengal chief minister Mamata Banerjee on Tuesday claimed Infosys Ltd had agreed to start construction of its proposed development centre in Kolkata, even without the state granting the company permission to turn it into a special economic zone (SEZ).
“Infosys has agreed to start construction of its development center in Kolkata, West Bengal, which will have a capacity to seat around 1000 people,” said the IT firm in a statement. “We will submit the plan for the proposed center to the West Bengal government as soon as the land registration process is complete.”
A key official in the state government said that during recent discussions with the management of Infosys, the administration had assured the company of compensating in “other ways”. Following this commitment, the company has agreed to start construction of its development centre in Kolkata, this official said, asking not to be named.
This is absolutely good news for the people of Kolkata as it will definitely help in job creation and will create avenues for other IT companies to start their journey in the City of Joy.
Ozone is an award winning luxurious residential development located on South EM Bypass offering 2 BHK, 3 BHK & 4 BHK Luxury Homes. Away from the hustle bustle of city life these luxurious homes in South Kolkata offer luxury living amidst nature. If you’re looking to invest or buy a home for yourself to live in the lap of nature then your search shall come to end with Ozone.
With a 6 star CRISIL rating and IGBC certification Ozone is one of the most sought after green buildings on EM Bypass near Patuli, Narendrapur, Kamalgazi and Garia Bazaar. Enquire now for more details.
Total No of Blocks : 7 (Phase I- Block-5, 6 & 7 , Phase II – Block 2, 3 & 4 , Phase III – Block 1) No of Floors ( Blocks on Offer) : Block 5,6 & 7 (B + G+18) & Block 4 (B + G+ 24). Total No. of Flats : 530 (Phase I – 194, Phase II – 240, Phase III – 96) Unit Size ( Blocks on Offer) : 2BHK : 1100 to 1299 sqft 3 BHK : 1524 to 1905 sqft Starting Time : July 2014 Completion Time : Phase I – Dec’17 + 6 months grace period , Phase II – Sep’21 + 12 months grace
Thinking of a home having equipped with modern Facilities & Amenities, then consider Mani Casa. A Lavish and spacious project with excellent elevation fitted with modern facilities that you had craved for matching your style & comfort in the hub of Newtown. Some of their earlier projects to be Shankmani, Manikaran Shivamani, Swarnamani, etc.
Mani Casa is coming up on an area of 80 Cottah with 176 life styled apartment situated in New Town and diagonally opposite to Eco Space within Action Area-II ( Hidco allotted land).
Netaji Subhas Chandra Bose has been an iconic personality and one of the great freedom fighters of India. He has been an hero to many. He has been an inspiration to many and above all He has been a great leader to many.
His most famous quote/slogan was “Give me blood and I will give you freedom” has been really historic. So let’s bow to the great man.