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Below Reaction on RBI Policy By Mr Ashwin Chadha, CEO, India Sotheby's International Realty The RBI has maintained the status quo on key policy rates, highlighting that risks remain evenly balanced. The primary objective is to curb inflation and bring it within the comfortable range of 4%. This strategic move is anticipated to provide substantial impetus to India's broader growth trajectory. There is an emerging expectation that the RBI might eventually consider a reducti...
Reaction on RBI Policy: The RBI has maintained the status quo on key policy rates Says Mr Ashwin Chadha, India Sotheby's International Realty
Below The Expert Views on Anarock PE Investment Report Mr. Gagan Randev, Executive Director, India Sotheby's International Realty The slight decline in PE investment during the April-June quarter can be attributed to the temporary slowdown and disruptions in the global economy. Investments in Office assets have been severely affected in North America by the sharp rise in interest rates and this has resulted in an upheaval in the markets there. However, this is ex...
Expert Views on Anarock PE Investment Report By Mr. Gagan Randev India Sotheby`s International Realty
Below the Comment on Q2 Office Space Report By Mr. Gagan Randev, Executive Director, India Sotheby's International Realty Although the office market has been affected by economic challenges in global economies, there is good support from domestic companies. Many conglomerates are now embracing flex-office spaces due to the hybrid work model, minimal capital expenditure required, and the flexibility these spaces offer. Consequently, there is an increasing d...
Comment on Q2 Office Space Report By Mr Gagan Randev India Sotheby`s International Realty
Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, Managing Director, India Sotheby's International Realty The residential market in India has been experiencing sustained growth since 2020. In the calendar year 2022, housing sales also reached an all-time high. We see this very minor moderation in the June 2023 quarter, as a brief pause, mostly due to a decline in ready to move in quality inventory in good locations of top seve...
Comment On Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, India Sotheby`s International Realty
Below Reaction on RBI Policy By Mr. Amit Goyal, Managing Director, India Sotheby's International Realty In line with expectations, the Reserve Bank of India (RBI) has maintained the policy rate at 6.5% for the second consecutive time, following a series of six consecutive rate hikes. The RBI's decision reflects their cautious approach in light of the persistent inflationary pressures and their potential impact on domestic consumption growth. However, the positive ...
Reaction on RBI Policy By Mr. Amit Goyal, India Sotheby`s International Realty
India Sotheby’s International Realty (India SIR) is pleased to announce a growth of over 50% in the gross sale property turnover for the FY 2023 over FY 2022. The sales value of real estate transacted for the FY 2023 stood at $450 million vs $300 million. The firm focusses primarily on luxury residential sales and large capital market property transactions. The firm grew its property inventory by over 30% which currently stands at over $1 bn. South &am...
India Sotheby`s International Realty clocks record sales transactions valued at $450 million, in FY23.
Below Quote on West Bengal Budget By Mr. Amit Goyal, CEO, India Sotheby’s International Realty In the backdrop of increasing home loan rates and no significant benefits announced in the union budget for FY24 for homebuyers, the West Bengal government’s decision to extend the rebate in stamp duty for another six months i.e. till September 30 is a respite. The decision will help in maintaining the demand in the housing sector. Incentives like relief in the stamp duty and reg...
West Bengal Budget : Incentives like relief in the stamp duty and registration fee can help the positive impetus in the real estate sector to continue Says Amit Goyal, India Sotheby`s International Realty
Below Quote on RBI Monetary Policy Announcement By Mr. Amit Goyal, CEO, India Sotheby’s International Realty The rate hike of quarter basis point by the central bank is on expected lines. Inflation is still above RBIs comfort levels and considering the evolving inflation outlook, it's important to ensure inflation remains within the tolerance band and progressively aligns with the target. The good news is that amid volatile global developments, the Indian economy remai...
RBI Monetary Policy Reaction : We are optimistic and expect the housing demand to remain intact Says Amit Goyal, India Sotheby`s International Realty
Below are Views On Post Budget Reaction By Mr. Amit Goyal, CEO, India Sotheby’s International Realty This year’s budget touched upon the most critical issue for the revival and growth of the affordable housing segment. PMAY's budgetary allocation increased by 66%, which is good news for affordable housing. The new allocation of Rs 79000 crores in the budget 2022-23 will help countless Indians realise their home aspirations. Also, the increased allocation will lead to m...
Post Budget Reaction : The new allocation of Rs 79000 crores in the budget 2022-23 Says Mr. Amit Goyal, CEO, India Sotheby`s International Realty
Below are Views On Post Budget Reaction By Mr. Amit Goyal, CEO, India Sotheby’s International Realt The Union Budget has laid out a long-term path of growth and capital investment and that is extremely positive for the Indian economy. The increased allocation to housing projects under PM Awas Yojana by 66% to Rs 79,000 crore will certainly help the affordable housing segment. Rationalization of tax slabs and enhancement of tax rebate is going to benefit the middle cla...
Post Budget Reaction :The Union Budget has laid out a long-term path of growth and capital investment and that is extremely positive for the Indian economy Says Mr. Amit Goyal, India Sotheby`s International Realt
* 74% of wealthy buyers also believe real estate is an important asset class to hedge inflationary. * 61% HNIs & UHNIs affirmed their desire to buy luxury properties in 2023-24 * High Rise Apartments (34%), farmhouses and holiday homes (30%) emerged as the preferred choice of buyers, jostling for almost equal attention of wealthy Indians. * Properties in the price range of INR 4 -10 crore preferred by almost 65% of HNIs, while 13% are willing to spend upwards of ...
2/3rd of HNIs & UHNIs are bullish on real estate finds India Sotheby`s International Realty`s annual survey
Below are Quotes of Industry Leaders on RBI MPC Announcement Ramesh Nair, CEO, India and Managing Director, Market Development, Asia, Colliers "RBI hiked the repo rate for the third time in a row by 50 bps to 5.4% as the government tries to control inflationary pressures. With this, the repo rate has now increased by 140 bps in the last 3 months, with the rate hovering above pre-pandemic levels. Domestic economic activities remain resilient despite the challenging global fina...
Reaction of Industry Leaders on RBI MPC Announcement
* Leasehold to freehold conversion charges as high as 60-70% of property value in Mumbai * Even at 25%, these rates are often way too high to justify the payments to convert the projects to freehold * Lowering of charges can spur redevelopment of properties in Mumbai, unlock asset value. Mumbai : India Sotheby’s International Realty, a leading real estate transaction and advisory firm, has urged the Maharashtra government to rationalise state charges levied for converting ...
Rationalising charges for conversion of leasehold into freehold properties in Mumbai can unlock huge value
New Delhi : Luxury real estate consultancy firm, India Sotheby's International Realty has made a marque addition to its unique “White Glove” offering in India by taking over the bespoke architectural and design practice of Arjun Sodhi, who has earned eminence designing luxury homes of affluent Indian families based in India and abroad. Arjun’s design philosophy stems from celebrating the client’s lifestyle and tastes and balancing it through the project&r...
India Sotheby’s International Realty acquires the architectural & design practice of noted Delhi based architect, Arjun Sodhi
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