Jagaha.com
Location: Mumbai
Stage: Generating Revenues
The often painful, cumbersome, timely and frustrating search to buy or lease a Mumbai office space, showroom, shop, bar, restaurant, gym, lounge, salon, etc. is coming to an end.
Jagaha.com will provide office and retail space seekers relief from endless on-site visits, frivolous negotiations, fake photos and inaccurate information.
As Mumbai’s premiere commercial real estate platform, Jagaha improves commercial property seekers’ experience by providing data accuracy and transparency and improving efficiency through the use of technology and customer service. Jagaha.com provides its users with access to commercial real estate experts and a seamless user interface containing verified properties. Jagaha’s team will ensure the properties are real, the pictures are real and the information is real.
Jagaha.com, launch on December 15th 2015, focuses specifically on Mumbai’s office and retail properties spanning all of Mumbai, from Colaba to Powai. Jagaha.com will launch with over 1,000 premiere Mumbai commercial properties, with 10,000 properties expected in Q1 2016.
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Krishita
Latest posts by Krishita (see all)
- Startup Pitch: Mumbai’s First Dedicated Commercial Real Estate Platform - November 29, 2015
10 Reasons why Moolah will return to Indian Real Estate in 2016?
http://www.propchill.com/
After last few years of slowdown, Real Estate Sector is set on the path of growth. Though the foreign investment
started to flow with the formation of a stable government in May 2014, economic reforms and liberal FDI policies
have further made the investment process easy. Riding on the hope of “Acche Din”, India saw a huge $2.2 billion
(70% raise) foreign investment as per JLL reports. The World Bank predicts India to be the fastest growing
economy in coming years with close to 8% GDP growth rate. The graph below gives a comparative analysis of the
GDP performance of the world and developing Countries in South Asia.
The future picture of Indian economy is bright and Real Estate sector is emerging as a lucrative investment option.
Apart from private sector investments, several government projects like development of Smart Cities, affordable
homes for EWS (economically weaker section of society) and housing for all by 2022 offer good potential for
investors. The government is also working to enhance infrastructure across the country with number of highway,
Metro and Airport projects.
Developing affordable housing in major cities is a big challenge for government, as 10 million people migrate to
cities every year and most of them are job seekers. The last decade has witnessed the migration of 91 Million people
to cities and only 51 Million houses were made to accommodate them. The government has implemented several
changes in the economy and FDI policy to tackle the issue. The time is right for investors to carry out some
intelligent investments and below areten reasons to believe and participate in the growth of the Real Estate in India
in 2016.
1. Special Treatment for NRIs on Investment and non-consideration of property leasing as real estate business will
boost the foreign investment in Real Estate Sector.
2. The minimum requirements of 20,000 square meter development and capital of $5 Million have been removed.
This step welcomes small investors and will promote construction and development in Tier II and Tier III cities.
3. The policy of bringing foreign investment within 6 months of the starting of a project has been done away with,
leading to more flexibility and ease of business in the country.
4. Lower interest rates, affordable housing schemes, and easy installments will allure middle-class families to buy
property, so we will see a rise in the demand of residential property in class B and C cities.
5. Foreign investor can now exit from a project in 3 years or earlier if the project gets completed. The easy exit
policy gives flexibility in ease of doing business, saves time and would invite more FDI.
6. The growing IT and Service industry will need more workforce and office space increasing the demand for
residential and commercial property.
7. The soaring E-commerce industry will continue to grow as the number of online shoppers is increasing rapidly,
there will be more demand of warehouses in future.
8. Manufacturers with foreign investments are now allowed to directly sell their products using online or offline
platforms without government approval. For this, they will need infrastructure, warehouse, and office space, leading
to increased real estate requirement.
9. Flexibility to Single brand retail trading in E-commerce will again contribute to the success of Real Estate
industry.
10. No government approval is needed for eligible investment in LLP (Limited Liability Partnership) and foreign
investment through share Swap. This will enhance the ease of doing business,thus attracting more foreign investors.
Keeping in mind the World Bank report and recent economic reforms, Real estate Sector in India holds a huge
potential as a long term investment portfolio for individual investors. Besides, metro cities the Tier II and II cities
are going to witness exponential growth rate in real estate in 2016. In short, Indian Real Estate business is going to
undergo a policy and investment transformation in the coming years. The situation will be more favorable if the land
acquisition and other land reform bills get approved in the parliament.