Gurugram’s real estate market in 2018: An analysis
Infrastructure / January 2, 2018

Is it a good time to invest in Gurugram’s property market? We look at the demand-supply scenario in this region, to get some answers The real estate market in Gurugram, in the Delhi-NCR, has witnessed significant changes over the past few years. With the prime areas reaching saturation, in terms of occupancy and prices, Gurugram may also see the emergence of newer areas. According to Santhosh Kumar, vice-chairman of ANAROCK Property Consultants, Gurugram’s property market is expected to head northwards in 2018, as the dust settles on new policies like the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST). “Increased commercial activity in 2017, coupled with several infrastructure upgrades, like the widening of NH-8 and the expansion of Sohna Road and the rapid metro, bode well for the realty sector in the city. In 2017, the state government also reduced the circle rates in most localities, paving the way for developers to eventually clear their unsold stock of ready-to-move-in apartments,” Kumar explains. Gurugram’s property micro-markets that are likely to witness maximum activity in 2018 (Inputs provided by ANAROCK Property Consultants) Sohna: Popularly known as ‘south Gurugram’, Sohna has emerged as a favourable affordable destination in the city,…

Growing rental market to create more rental management companies
Infrastructure / December 14, 2017

The growth in the rental market in India, presents an opportunity for rental management companies to step in. We examine the role that these companies can play and the benefit that they bring, to tenants and property owners The rental market in India is gradually evolving, owing to a change in the mindset of people. Renting a house, is no longer merely driven by affordability, as compared to buying a home. Rather, people are now choosing the rental option, to be able to live in a preferred locality and also to avail of amenities that promise a good lifestyle. This changing trend, presents an opportunity for organised players and rental management companies (RMCs) to step in. Vinayak Katkar, director and co-founder of Amura Marketing Technologies, points out that in India, traditionally, the rental market was driven by local brokers because the supply/accessibility to inventory was limited to brokers. “With various property portals available now, this inventory availability issue has been sorted. Nevertheless, brokers are still managing rental homes. What young people want, is not just a home but managed property services that take care of their daily needs and chores. Start-ups like Nestaway and Grabhouse, are managing properties and finding tenants for…