AP Real Estate Developers’ Association forms new body
Track2Realty:The Andhra Pradesh Real Estate
Author Track2Realty
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
Puravankara Projects to raise Rs 450 cr through IPP
Track2Realty-Agencies: While the promoters of realty firms in India are wary of selling stake and instead choosing institutional placement programme (IPP) over share auction to bring down holding to comply with regulatory norms, Bangalore-based Puravankara Projects has also plans to raise around Rs 450 through IPP route.
ASSOCHAM objects to high handed proposed powers of realty regulators
Track2Realty: A reported provision in the proposed law to regulate the real estate sector to send individual or an entity to jail for “misleading” advertisements would be quite a retrograde and adversarial step for investment in the realty sector as it would be open to misuse by a few corrupt officials, ASSOCHAM said on Friday, March 29.
Emerging financial capital of India attracting office occupiers-II
Track2Realty Exclusive: Consultancy firm DTZ India believes with abundant quality supply scheduled in next 2-3 years and fast paced development of infrastructure, Golf Course Extension Road in Gurgaon and Greater Noida Expressway are the emerging markets for office space.
Learning redevelopment from global experience-I
Track2Realty Exclusive: Urban renewal has led to economic rejuvenation of various countries and we shall have to find our own unique solutions while learning from best global practices. While Singapore and Malaysia’s transformation was led by sagacious leadership, Hong Kong, Shanghai, Chicago, Birmingham and New York effectively used their political process to drastically improve quality of life, economic output and employment opportunities.
Godrej Properties launches affordable housing in Ahmedabad
Track2Realty: Godrej Properties has launched affordable housing scheme in their township project Godrej Garden City (GGC) in Ahmedabad. Five new towers, each ground plus 12 storeys tall, will offer affordable 1 BHK apartments each measuring 600 sq. ft. at prices starting from Rs. 16.5 lacs. Each tower will be equipped with 2 lifts and all apartments are open from two sides with no two apartments overlooking each other.
India among top 20 global real estate investment markets
Track2Realty: India was ranked 20th among the top 20 real estate investment markets globally with investment volume of Rs 19,000 crore recorded in 2012.
Single window plan for real estate projects soon: Maken
Track2Realty-Agencies: In a move aimed at providing a major fillip to the construction sector, the Centre is likely to come up with a ‘single window’ system for the country’s real estate sector soon, Union Minister for Housing and Urban Poverty alleviation (HUPA) Ajay Maken said in New Delhi on Sunday, March 24.
Government mulling tough real estate regulator: Ajay Maken
Track2Realty-Agencies: Government plans to set up a tough regulator for the real estate sector with provisions for even jail term for the developer for putting out misleading advertisements about projects.
Emerging financial capital of India attracting office occupiers-I
Track2Realty Exclusive: It has been whispered in the real estate circle for quite some time, something that made the Delhi-NCR developers of office space smiling and their Mumbai counterparts worried. Amidst these MNCs and corporate looking forward to set-up their offices in India were wondering whether to go with the conventional wisdom of opting for the financial market of India or innovate with the new emerging financial centres in Delhi-NCR in general and Gurgaon in particular.