Track2Realty, Author at Track2Realty

Deepak Rastogi, Puravankara Limited, Neeraj Gautam, India Real Estate news, Indian Realty News, Real Estate News India, Indian Property market News, Ashish Puravankara, Best Property Portal, Best Real Estate News Website, Real Estate Journalist, Property Journalist

January 7, 2025

Puravankara appoints Deepak Rastogi as Group CFO

Deepak Rastogi brings over three decades of extensive experience in finance, strategy, and transformation across diverse industries and international markets. He has held leadership positions, including President & Group CFO at Deepak Fertilisers and Petrochemicals Ltd. and President & Group CFO at TATA Autocomp Systems Ltd. His expertise encompasses driving profit and loss, growth strategies, mergers and acquisitions, digitisation, and enterprise risk management.

Consumer Connect

January 4, 2025

Consultants for ornamental value to India’s Housing Ministry?

Are you aware that the Housing Ministry of the Government of India is spending an exorbitant amount of money for your welfare? You may be having many grievances with the ways & means of Indian housing and urban development; how they fail to address the core issues. But when you get to know that the Government of India has many white elephants employed with the ministry at the cost of tax payers’ money, it only adds insult to your injury. After all, PPT presentations and high-flying proposals on paper is not going to change anything for a common man.

Headlines

Real Estate Outlook 2025, Real Estate Forecast 2025, Home Buyers in 2025, Property Market in 2025, Home Buyers' Survey, Home Buyers' Outlook, Housing market Affordability in 2025, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalist, Property Journalist

December 29, 2024

Affordability curve tilted against home buyers in 2025

On a scale of 0-100, the Housing Sentiment Index has been noted to be just 18; with 82% Indians categorically believing that housing is just not affordable to them. A vast majority of them, as many as 80%, believe it would take no less than 10 years of their gross income to afford a house in any of the leading Indian cities. The global benchmark is 5 years of gross income with not more than 40% of take-home salary. But 78% Indians believe it would take no less than 60% take home salary to buy a house in India.

Headlines

December 26, 2024

Questions that will define Indian real estate in 2025

The outlook of the Indian real estate on the eve of 2025 could confuse any neutral analyst. But for the insider analysts who are actually stakeholder-cum-expert, it is like another new year with hopes and promises galore. The stakeholders are so upbeat that all the industry reports are projecting a bullish upcycle to continue for the next few years, thus taking Indian real estate to a valuation of $10 trillion by 2047. Track2Realty finds that the ground reality for a commo0n man looking for a house in his affordable budget stands in contrast.

Project Launch

House Price Index, House Prices in India, House Price Appreciation in India, Liases Foras, CREDAI, Colliers India, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist, Best Property Journalist

December 24, 2024

Housing prices in top eight Indian cities continue to rise, at 11% YoY: CREDAI – Colliers – Liases Foras

Average housing prices across the top eight markets in India rose 11% YoY at INR 11,000 per sq ft during Q3 2024, led by sturdy demand and positive market sentiments. Interestingly, average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices with Delhi NCR witnessing the highest rise at 32% YoY, followed by Bengaluru at 24% YoY rise during the quarter. After registering record high sales over the last two years, the demand momentum across the top cities is stabilizing. Nevertheless, with anticipation of healthy residential activity in the last quarter, 2024 is likely to end on a strong note.

Policy

Misleading Real Estate Ads, Misleading Property Ads, ASCI, Advertising Standards Council of India, Property Frauds, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property News, Best Property Portal, Best Real Estate News Website, Real Estate Journalist, Property Journalist, Exploitative Property Ads

December 21, 2024

Why ASCI red flags misleading ads with real estate?

Real estate advertisements are most exploitative, says ASCI. In its “Half-Yearly Complaints Report 2024-25”, the self-regulatory body ASCI (Advertising Standards Council of India) said that of all the 3031 ads investigated, around 34% were from the real estate sector alone. It was followed by 29% ads from illegal betting and 8% from the healthcare sector. Track2Realty is conscious of the fact that the builders would challenge this allegation tooth & nail. The developers that we have spoken to have either denied existence of such practices or have even questioned the legitimacy of ASCI.

Consumer Connect

Home Buyers' Refund, Builder Buyer Disputes, Housing Project Delays, NCDRC Judgment Against Builders, NCDRC Judgment For Home Buyers, Wave Group, Wave Gardens Mohali, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate Website, Real Estate Journalist

December 1, 2024

Lengthy & costly litigation helps builders to define law as per their fancy

Despite several rulings defining the set principles of law, the builders continue to define law as per their fancy. After all they are fully conscious of the fact that the poor home buyers have limited resources to get into lengthy and costly litigation. The omissions by the lower courts more often than not emboldens these builders. Ravi Sinha reports about another landmark ruling by the apex consumer court, NCDRC (National Consumer Disputes Redressal Commission).

Advocacy

November 26, 2024

Is RERA a rating agency?

Is RERA a rating agency? Does real estate regulation & promotion all about promotion, especially when RERA has not been a success story to regulate arguably India’s most dirty business. The question arises because in a couple of States the RERA had earlier announced to rate & grade the developers with much fanfare. It is a different matter that Track2Realty had questioned it since beginning as to whether RERA has stood up to the cause for which it was enacted. Whether SEBI or IRDA rates the companies which it monitors as the regulators?

Beyond Headlines

Defining Demand, Defining Real Estate Demand, Defining Housing Demand, Due Diligence in Real Estate, Demand Assessment in Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalist

November 22, 2024

Why can’t home buyers define demand for the real estate projects?

At a time when there is a mad rush to launch new projects in & around the airports across the cities of India, a developer in Bengaluru opted to go in the diametrically opposite direction. Prima facie, what appeared to be a case of finding a better or affordable land parcel in that given location of South-West Bengaluru had a strategy that very few adopt in the business of Indian real estate. The strategy to define demand through scientific research. The demand in the market was assessed with consumer psychograph study – what consumers want; what they need; where are the gaps; and how a new housing project could fill in that gap.

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