Holiday homes in India are adopting green technologies to reduce their environmental impact. Developers are implementing solar panels and water recycling plants, while ensuring the construction process doesn t harm the surrounding area. The luxury second home market is growing due to evolving preferences, disposable incomes, hybrid work culture, improved connectivity, and infrastructure.
According to a court document, in 2019, Emaar Properties appointed JLL as an independent valuer arbitrarily and forged the reports pertaining to the demerged assets in conspiracy with JLL to decrease the value of MGFs land and inflate the value of Emaar Properties claim to unjustly enrich themselves.
New guidelines are expected to lead to faster closure of second home deals and bring more clarity and a regulatory environment around fractional ownership.
India Business News: SEBI's decision to allow Small and Medium REITs will propel the growth of fractional ownership of rent-yielding real estate assets. Proptech platforms