Author Track2Realty

Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg

Policy High Rise Building, Structural Audit, Noida Authority, Builder Fraud

Noida Authority formulates policies for structural audit & pet ownership

The meeting was Chaired by UP Infrastructure and Industrial Development Commissioner and Noida Authority Chairman Arvind Kumar in presence of Noida Authority Chief Executive Officer Ritu Maheshwari.  In relation to structural audit of multi-storey buildings located in the authority area, the statement said that “the structural policy was prepared by the Noida Authority on the demand of flat buyers and AOA, in which the Structural Audit Policy has been approved by the Authority Board with partial modifications.”

Company News Puravankara Quarterly Results, Listed Realty Companies, Stock Performance, Realty Index, Ashish Puravankara

Puravankara posts highest ever sales for September quarter

In an exclusive interview, Abhishek Kapoor, CEO of Puravankara said,”What is the value of a real estate? If you look at this quarter number compared to the last quarter number then my delivery is lesser. But next quarter again you will see a swing because next quarter and next to next quarter we have delivery in the pipeline. This year so far we have delivered 600 units but in the next two quarters we will deliver more than double; about 1500 units. So, that will factor in our revenue realisation. What is relevant for our business is our sales number & pre-sales number that has gone up to Rs 1300 crore for the first half of the year. It is all about the new accounting norms (IND AS 115),” says Kapoor.

Reports Real Estate Growth, ICRA Report, Real Estate Asset Quality, Real Estate Performance, Indian Real Estate News, Indian Realty News, Indian Property Market

HFCs growth upward in Q1 FY2023; asset quality likely to improve in FY’23: ICRA

The reduction in Gross Non-Performing Assets (GNPAs) is forecasted to continue in FY2023 following the reduction of 6 bps in Q1 FY2023. The GNPA assessment has been retained at 2.7-3.0% as of March 31, 2023. With growth in both the scale as well as improvement in asset quality indicators, the profitability is forecasted to revive almost to the pre-Covid level by the end of FY2023.

Consumer Connect Festive Discounts

Is real estate growing beyond tried & tested festive discounts?

The Indian real estate has been known to dole out discounts & freebies every festive season to reap the auspicious spirit. It worked well for the sector for quite some time as the Indians are traditionally known to buy property during the festivals. However, the slowdown in the last five years made the marketing strategists look for alternative ways & means to bring the buyers back to the property market during the festive season. Track2Realty analyses the market trend.

Consumer Connect Blockchain, Real Estate Blockchain, Property Blockchain, Digital Property Registration, Real Estate Technology, Blockchain Property Data

Is blockchain the future of real estate transactions?

Maharashtra has started property e-registrations and the State is reportedly all set to also introduce blockchain. What is Blockchain? It is a technology by which users can keep a historic ledger of every transaction that has happened in the past for any asset be it a crypto currency or a piece of real estate like land or building. Track2realty analyses whether blockchain would be the future of real estate transactions.

Consumer Connect Booming Market, Real Estate Boom, Property Boom, Indian Real Estate News, Property Market News

Is the housing market really booming?

I meet a number of stakeholders across the built environment of Indian real estate. One common narrative that has gained ground within the built environment over the years is that “this is the best time to buy a house.” Mind you! This narrative was being pushed through the throat even before Covid. Even though the real estate market in general and the housing market in particular has been going through a turbulent phase, the narrative has never changed its course.

Headlines Adani Realty, DB Realty, Sobha Limited, Godrej Properties, Real Estate mergers, Real Estate Acquisitions, Adani Realty Buys DB Realty

Will Adani Realty carry the baggage of tainted DB Realty?

The reports of Adani Realty merger with DB Realty has taken market analysts by surprise. According to the sources close to the developments, this is Adani’s bid to get into listed realty companies’ portfolio. However, the larger question that only Adani Realty can answer is that to what extent would the giant carry over the baggage of the tainted DB Realty. The memories of Godrej Properties announcement to join hands and getting market backlash of shareholders are still fresh in public memory. A Track2Realty analysis.

Headlines China Real Estate, China Property Market, China Property Crisis, Mortgage Ban, Mortgage Boycott, Housing EMI

Does China’s ‘Mortgage Boycott’ have any lessons for India?

Buy a house with mortgage and then get so frustrated with the delays that you just stop paying the EMIs. This sounds funny, illegal and outrageous, but has already started trending in the world’s largest property market of China. The global property markets in general and susceptible markets like India in particular are watching the developments in the neighbourhood with a hope & prayer that such unpleasant events should not confront them. A Track2Realty analysis.

Editorial PNC Menon, Sobha Limited, Sobha Dubai, Dubai Real Estate, Best brands. Real Estate Brands, Legends of Real Estate, Real Estate Veterans

Quality & legal compliances key for global brand success: PNC Menon

While other developers aspiring to go global are tying up with international brands, PNC Menon, founder and Chairman Emeritus of Sobha Group believes in organic growth of the brand. In an exclusive interview with Ravi Sinha at his Dubai office, he explains how Sobha has the inherent resilience to succeed anywhere in the global market. Focus on quality & don’t break the law is his mantra of global brand leadership. 

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