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Shivam Tomer

Shivam Tomer
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https://www.ipropunited.com/
Talks about : Real Estate News, Investment Tips, Proptech, Loan tips and Property Tips
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The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.

By
Shivam Tomer
-

Real estate experts highlighted that the strong response reflects the growing residential demand in the vicinity of Noida Airport. Industry data indicates that land prices in areas such as Jewar have increased by 40-50% over the past two years.

The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.
The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.

The Yamuna Expressway Industrial Development Authority (YEIDA) has received an overwhelming response to its residential plot scheme launched last month near the upcoming Noida International Airport. Over 1.12 lakh applications were submitted for just 451 plots in Sector 24A, along the Yamuna Expressway, which connects Greater Noida with Agra and Mathura. The scheme generated approximately ₹4,800 crore in revenue solely through registrations.

Real estate experts noted that this strong response highlights the surging demand for residential properties near Noida Airport. A YEIDA official stated that the lucky draw for allotting these plots will be held on December 27. The plots are strategically located near key infrastructure projects, including the proposed Film City in Sector 21 and the Eastern Peripheral Expressway.

The scheme, which opened on October 31 and closed on November 30, offered residential plots in five size categories: 120 sq m, 162 sq m, 200 sq. m, 250 sq. m, and 260 sq. m. Applications were highest for the 200 sq m plots, with 48,266 applicants, followed by 36,523 applications for 162 sq. m plots, and 24,063 for 120 sq m plots. The least interest was seen in the larger 250 sq m and 260 sq m plots, with only 1,837 and 1,333 applications, respectively.

The allocation includes 100 plots of 120 sq m, 169 plots of 162 sq m, 172 plots of 200 sq m, six plots of 250 sq m, and four plots of 260 sq m. Priced at ₹25,900 per sq m, the smallest 120 sq m plot will cost ₹31.08 lakh, while the largest 260 sq m plot is priced at ₹67.34 lakh, excluding additional charges and taxes.

Booming Real Estate Demand

The scheme underscores the growing demand for residential, commercial, and industrial spaces in the region, said Vishal Raheja, founder and managing director of InvestoXpert.com. Industry data reveals that land prices in areas like Jewar have appreciated by 40-50% over the last two years, reflecting strong investor confidence.

Raheja added that a study predicts the Noida Airport vicinity could emerge as one of India’s top five real estate hotspots by 2025, with an estimated market valuation exceeding ₹60,000 crore. This growth trajectory mirrors the development seen around Delhi’s IGI Airport, where property values tripled within a decade.

The combination of robust infrastructure, favorable policies, and strategic location positions the Noida International Airport area as a key growth driver for the National Capital Region, offering significant opportunities for early investors in the real estate market.

DLF names Badal Bagri as the company’s Chief Financial Officer.

By
Shivam Tomer
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According to the company, Bagri brings extensive expertise in corporate finance, controllership, treasury, strategic planning, financial planning, risk management, and investor relations.

DLF names Badal Bagri as the company's Chief Financial Officer
DLF names Badal Bagri as the company’s Chief Financial Officer

Delhi NCR-based listed real estate developer DLF Ltd has announced the appointment of Badal Bagri as its new Chief Financial Officer (CFO). The 52-year-old chartered accountant and cost accountant will officially assume his role on December 6, 2024, according to a company filing with the exchange.

Bagri brings over 30 years of extensive professional experience. Prior to this role, he served as the Business Head of the Electronics division at Reliance Retail Limited. Earlier, he held key positions, including CFO at Bharti Airtel Limited, and finance leadership roles at Genpact and GE India.

The company highlighted Bagri’s expertise in corporate finance, controllership, treasury, strategic planning, financial planning, risk management, and investor relations.

Following Bagri’s appointment, DLF’s Managing Director, Ashok Kumar Tyagi, who had been handling the additional responsibility of CFO, will step down from this role effective December 6, 2024.

The Impact of AI and Machine Learning on Personal Finance

By
Shivam Tomer
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Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing personal finance by transforming how individuals manage their money, make investment decisions, and plan for the future.

The Impact of AI and Machine Learning on Personal Finance
The Impact of AI and Machine Learning on Personal Finance

These technologies are not only enhancing efficiency but also democratizing access to financial tools, empowering users to take control of their financial well-being.

Personalized Financial Management
AI-powered tools like budgeting apps and virtual financial assistants analyze individual spending habits, income patterns, and savings goals to provide tailored advice. Applications like Mint and YNAB use AI to help users track expenses, set budgets, and identify areas for savings. This personalized approach makes financial management accessible to people across all income levels.

Improved Investment Strategies
Machine learning algorithms analyze vast datasets to predict market trends and recommend investment strategies. Robo-advisors, such as Betterment and Wealthfront, offer automated portfolio management, diversifying investments based on risk tolerance and goals. These tools make investing easier and more affordable, eliminating the need for expensive human advisors.

Enhanced Fraud Detection
AI enhances security by detecting fraudulent activities in real-time. Machine learning algorithms monitor transaction patterns to identify anomalies, protecting consumers from potential financial losses. Banks and fintech companies are leveraging this capability to build trust and ensure the safety of users’ funds.

Loan and Credit Assessments
AI and ML are redefining the loan approval process by evaluating creditworthiness using non-traditional data sources, such as payment history, utility bills, and online behaviors. This approach expands financial access to underserved populations who may not have a robust credit history.

Challenges and Ethical Considerations
Despite its benefits, the integration of AI in personal finance poses challenges. Privacy concerns arise as financial data becomes increasingly digitized. Additionally, the reliance on algorithms may inadvertently exclude certain demographics or perpetuate biases present in historical data.


AI and machine learning are reshaping the landscape of personal finance by providing smarter, faster, and more personalized financial solutions. As these technologies evolve, their potential to enhance financial inclusion and security will continue to grow, empowering individuals to achieve their financial goals with unprecedented ease.

Gross Development Value (GDV): Understanding Its Importance in Real Estate

By
Shivam Tomer
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Gross Development Value (GDV) is a critical metric in real estate development, representing the total market value of a project upon completion. It serves as a cornerstone for developers, investors, and lenders to evaluate the financial feasibility and profitability of a development project.

Gross Development Value (GDV): Understanding Its Importance in Real Estate
Gross Development Value (GDV): Understanding Its Importance in Real Estate

What is GDV?
GDV refers to the estimated value of a property or development once all units are sold or leased at prevailing market rates. It is calculated based on factors such as location, type of property (residential, commercial, or mixed-use), market demand, and comparable sales in the area.

For example, if a residential project involves 100 apartments, each estimated to sell for ₹50 lakhs, the GDV would be ₹50 crores.

Why is GDV Important?

  1. Project Viability: GDV helps developers assess whether a project is financially viable. It provides a clear picture of potential returns, enabling developers to make informed decisions.
  2. Loan Assessments: Lenders use GDV to determine the amount of funding they can provide for a project. A higher GDV often justifies a larger loan.
  3. Investor Confidence: For investors, GDV is a key metric to evaluate the profitability of a project and its risk-reward balance.

 

Factors Influencing GDV

  • Market Trends: Fluctuations in property prices directly impact GDV estimates.
  • Location: Properties in prime or growing areas tend to have higher GDVs.
  • Development Costs: Rising costs can reduce profit margins, even with a high GDV.
  • Regulatory Changes: Zoning laws or tax changes can affect property values.

 

Limitations of GDV
While GDV provides an overall estimate, it does not account for unforeseen risks like economic downturns, delays, or cost overruns. Therefore, developers often pair GDV analysis with other metrics like Net Development Value (NDV) or Internal Rate of Return (IRR).

In conclusion, GDV is a vital tool for evaluating the potential of real estate projects. However, careful analysis of market conditions and associated risks is essential to ensure accurate projections and successful project outcomes.

Everything You Need to Know About ‘New Agra’ Along the Yamuna Expressway

By
Shivam Tomer
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‘New Agra’ is set to emerge along the Yamuna Expressway, approximately 190 km from Noida and 140 km from the upcoming Noida Airport in Jewar. The land for this development will be acquired from 60 villages in the Etmadpur tehsil of Agra.

Everything You Need to Know About 'New Agra' Along the Yamuna Expressway
Everything You Need to Know About ‘New Agra’ Along the Yamuna Expressway

Everything You Need to Know About New Agra Along the Yamuna Expressway

The Uttar Pradesh government is planning to develop “New Agra,” a modern city near the historic Agra, along the Yamuna Expressway. Envisioned as a tourism and commercial urban hub, it will fall under the Agra district.

Development Plans
The Yamuna Expressway Industrial Development Authority (YEIDA) has been tasked with developing New Agra over 10,500 hectares of land. The project’s blueprint is ready, and a detailed land survey will commence soon, assessing geographical factors before submitting the final plan for state approval.

Scheduled to open in April 2025, the Noida International Airport is expected to significantly boost tourist footfall to Agra. New Agra will cater to growing tourism demand while meeting future needs, reshaping the region’s real estate landscape with rising property values and commercial opportunities.

The Proposal
YEIDA’s vision focuses on capitalizing on tourism and commercial demand, leveraging Agra’s global appeal as the home of the Taj Mahal. Inspired by historical cities worldwide, New Agra will blend heritage, modern urban development, and environmental sustainability.

The project will include four key segments: industrial & commercial, environment, heritage, and transport. Strict regulations on emissions will protect the Taj Mahal’s integrity, while only green industries like IT and textiles will be permitted. The plan features theme parks, recreational spaces, and large green belts, promoting sustainability.

Location and Land Procurement
New Agra will rise 190 km from Noida and 140 km from Noida Airport, with land acquired from 60 villages in the Etmadpur tehsil of Agra. Spanning 10,500 hectares, it will transform agricultural land into a hub for tourism, heritage, and industry.

Boost to Real Estate
Real estate experts predict a boom in residential and commercial development in New Agra, driven by enhanced connectivity and infrastructure. Affordable and mid-income housing projects will flourish, attracting national and international investments. The region is expected to experience substantial growth in property values over the next decade.

With its focus on tourism, heritage, and sustainability, New Agra aims to be a vibrant and thriving urban center.

Underwriting in Real Estate: A Critical Step in Investment Success

By
Shivam Tomer
-

Underwriting in real estate is a comprehensive evaluation process used to assess the viability, risks, and profitability of a property investment.

Underwriting in Real Estate: A Critical Step in Investment Success
Underwriting in Real Estate: A Critical Step in Investment Success

It involves a detailed analysis of various factors that determine whether a property is a sound financial opportunity. This process is crucial for lenders, investors, and developers to make informed decisions.

The core of real estate underwriting lies in risk assessment. For lenders, this means evaluating the borrower’s financial stability, creditworthiness, and repayment capacity. For investors, it entails analyzing the property’s potential to generate returns, considering market conditions, location, and demand. Developers focus on project feasibility, budget adherence, and expected profits.

The underwriting process begins with property inspection and appraisal. Experts examine the property’s physical condition, location, and comparable market data to estimate its fair market value. Next, cash flow analysis is conducted, factoring in income from rents, operating expenses, and vacancy rates to determine the property’s Net Operating Income (NOI).

Key financial metrics like capitalization rate (cap rate), loan-to-value (LTV) ratio, and debt service coverage ratio (DSCR) are used to evaluate the investment’s financial health. These metrics help assess whether the property can generate sufficient returns and meet debt obligations.

Underwriters also analyze market trends, zoning laws, and potential risks like economic downturns or regulatory changes. Environmental assessments may be conducted to identify liabilities related to the property’s condition.

The underwriting outcome guides decisions. A favorable result may lead to loan approval, while unfavorable findings could lead to renegotiations, higher interest rates, or rejection. Investors use underwriting insights to determine whether to proceed, revise offers, or exit.

In conclusion, underwriting is the backbone of risk mitigation in real estate. It ensures that investments are financially viable and aligned with long-term goals. As markets evolve, effective underwriting remains essential for informed, profitable decision-making in the dynamic real estate sector.

Innov8 aims to raise ₹100 crore and expand by adding 4 million sq. ft. of managed office space.

By
Shivam Tomer
-

Founded in 2015, the company boasts over 90% occupancy in its centers, fueled by growing demand for flexible office spaces.

Innov8 aims to raise ₹100 crore and expand by adding 4 million sq. ft. of managed office space.
Innov8 aims to raise ₹100 crore and expand by adding 4 million sq. ft. of managed office space.

Coworking startup Innov8 revealed on November 23 its plan to raise ₹100 crore through a primary funding round. It also announced its goal to add 4 million sq. ft. of managed office space in India within the next three years.

Innov8 aims to secure funding at a ₹1,200 crore valuation to fuel its expansion plans. The company plans to double its coworking centers in India to 100 by 2025.

The funds will support acquisitions, technology upgrades, partnerships, and entry into niche segments. InCred is leading the fundraising efforts.

Innov8 is prioritizing growth in Tier 1 cities like Delhi, Gurgaon, Noida, Mumbai, Navi Mumbai, Pune, Chennai, Bangalore, Ahmedabad, and Hyderabad, focusing on optimizing operations instead of entering new markets.

Founded in 2015, the company has achieved over 90% occupancy in its centers, driven by growing demand for flexible office spaces.

 

Khan Market, New Delhi, claims a spot among the world’s priciest retail destinations.

By
Shivam Tomer
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Joining Khan Market on the list of India’s elite retail hubs are Chennai’s Anna Nagar, Mumbai’s Fort area, New Delhi’s Connaught Place, Gurgaon’s Galleria Market, and Kolkata’s Park Street, as per Cushman & Wakefield’s rankings.

Khan Market, New Delhi, claims a spot among the world's priciest retail destinations.
Khan Market, New Delhi, claims a spot among the world’s priciest retail destinations.

Due to India’s strong economic growth, Khan Market, an exclusive retail area in New Delhi, continued to rank among the world’s most expensive high streets.

India’s Khan Market, an upscale retail area in New Delhi, retained its position among the world’s costliest high-street retail destinations, buoyed by the nation’s strong economic growth.

As of September, renting a square foot in Khan Market costs $229 per year, a premium of $7 compared to Toronto’s Bloor Street, according to a November 20 report from real estate consultancy firm Cushman & Wakefield.

India witnessed a significant 9% surge in retail rents across 16 locations during the quarter, outpacing the global average growth of 4.4%.

The report attributes India’s robust rental growth to its position as the world’s strongest major economy this year. This surge underscores the intense competition for high-end retail space as businesses increasingly shift towards premiumization amidst slowing growth in the mass consumption segment.

Italy’s Via Montenapoleone has claimed the title of the world’s most expensive retail market, with annual rents soaring to $2,047 per square foot, surpassing even New York’s prestigious Upper 5th Avenue. In contrast, Argentina’s Buenos Aires emerged as the most affordable among the world’s 49 most expensive high streets.

Within India, Khan Market in New Delhi maintained its position as the country’s most expensive retail destination. Other high-end retail areas in India, as ranked by Cushman & Wakefield, include Chennai’s Anna Nagar, Mumbai’s Fort area, New Delhi’s Connaught Place, Gurgaon’s Galleria Market, and Kolkata’s Park Street.

 

 

Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.

By
Shivam Tomer
-

The regulator determined that the project was ongoing when the real estate law came into effect and directed the developer to refund the full amount of Rs 15 lakh to the aggrieved homebuyer.

Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.
Maha RERA directs Godrej Properties to refund the booking amount for a project initiated before RERA regulations.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Godrej Properties to refund the full booking amount for a Rs 4.3 crore luxury project in Kurla, Mumbai, after a senior citizen homebuyer canceled the booking within 10 days. The developer argued that the booking was canceled before the project was registered with MahaRERA and before Godrej was granted promoter status in July 2017, contending that the regulator had no jurisdiction in the matter. However, MahaRERA determined that the project was still active at the time RERA came into effect and ordered a refund of the Rs 15 lakh booking amount to the homebuyer.

In this case, homebuyer Kishore Shamji Chheda paid approximately Rs 15 lakh to reserve a unit in The Trees Origins project in Kurla. After receiving a confirmation letter in May 2017, he requested a cancellation within 10 days due to personal reasons. The developer later informed him that the full booking amount would be forfeited, and despite multiple requests, no refund was issued.

MahaRERA, citing Section 3 of the Real Estate (Regulation and Development) Act, 2016, pointed out that the project lacked a completion certificate when the Act was enacted, meaning it was considered ongoing. Consequently, the developer applied for project registration, which was granted. The authority noted that forfeiting the amount without substantial market variation or liquidated damages was unwarranted and went against the Act’s intent to protect homebuyers. The developer was ordered to refund the amount with 2 percent interest by November 30, 2024.

Godrej Properties has faced similar orders this year. In August 2024, Maha RERA found the company at fault for withholding over Rs 97 lakh from an NRI homebuyer, citing unfair trade practices. In another case, Maha RERA ordered a partial refund after Godrej forfeited Rs 5 lakh paid by a buyer in their Thane project, who had to cancel due to loan issues.

 

The Importance of Due Diligence Before Purchasing Property

By
Shivam Tomer
-

Due Diligence Before Purchasing Property, Due diligence is an essential step in any real estate transaction, providing buyers with a comprehensive understanding of the property they intend to purchase. It’s a process that involves thoroughly investigating the property to confirm its value, condition, legal standing, and potential financial risks.

The Importance of Due Diligence Before Purchasing Property
The Importance of Due Diligence Before Purchasing Property

Skipping due diligence can lead to unforeseen costs, legal complications, and buyer’s remorse, making this process crucial for anyone investing in real estate.

A key element of due diligence involves examining the property’s legal documentation. This includes verifying the title deed to confirm clear ownership and checking for any legal encumbrances, such as unpaid taxes or pending litigation. Additionally, it’s important to ensure that the property complies with local zoning laws and building codes. This safeguards the buyer from future legal issues and prevents investment in property that might be restricted for intended use.

The physical condition of the property is equally vital. Buyers should conduct a structural inspection to assess the state of critical elements such as roofing, plumbing, electrical systems, and foundation stability. Identifying any potential repairs or renovations required allows buyers to accurately budget and potentially negotiate the property price.

Financial due diligence is also essential. Buyers should evaluate the property’s financial history, including past expenses, rental income (if applicable), and any liabilities associated with it. This financial clarity ensures buyers make informed decisions and understand the property’s revenue potential or carrying costs.

Ultimately, due diligence equips buyers with essential information, minimizing risks and ensuring that the property aligns with their goals. By committing to this process, buyers can proceed with confidence, avoid costly mistakes, and secure an asset that aligns with their long-term investment strategy. In real estate, due diligence isn’t just advisable—it’s indispensable, offering peace of mind and a solid foundation for future growth in the ever-competitive property market.

Also read – https://ipropunited.com/news/reit-has-appointed-ritwik-bhattacharjee-as-the-interim-ceo/

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