Track2Realty Exclusive: Mumbai, while being known for its ability to provide a livelihood for one and all, is infamous for having the highest population density in the world: close to 30,000 people per square kilometer, about three times that of Delhi.
Track2Realty Exclusive: What Indian realty needs is holistic reforms and for that what is needed is change in mindset. We wonder why every person in office doesn’t realise that his indecisiveness hurts interest of the country. Why authorities are trying to take a pro-publicity and anti-development stand whereby nobody gains?
Track2Realty Exclusive: Objective analysis of all risk factors helps in proper selection of developer which mitigates completion risk and developer risk. Most of the investments involve creation of Special Purpose Vehicles (SPV) and provision of controls to REPE funds at SPV level by virtue of their financial investment.
Track2Realty Exclusive: Hong Kong has emerged as a world class city with tall vertical structures, sector-by-sector massive development, open spaces and greenery and most prominently, Floor Space Index (FSI) of 5–35. Similarly for urban revitalization, there are several policies and programmes in American cities.
Track2Realty Exclusive: The concept of city-states is centuries old. Ancient Greek cities of Athens, Sparta and Thebes were known to be poleis (singular polis) and what set them apart from their ‘non-poleis’ neighbors was these were self-governed and autonomous city-states. Relevant examples in today’s modern world are Singapore, Vatican City and Monaco.
Track2Realty: Appreciating Congress vice president Rahul Gandhi’s vision of inclusive growth, realtors’ apex body CREDAI on Thursday, April 4, expressed the hope that the idea translates into action in the years to come.
Track2Realty Exclusive: Direct investment in case of leveraged returns has to take into account carrying cost (interest cost) and in case of non leveraged returns should consider opportunity cost.
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.
Track2Realty Exclusive: With the number of approval-oriented steps adding up to more than 50, the process can stretch over a year and a half to two years. A system that is so obviously fraught with hurdles and red tape will naturally deter potential builders of integrity.
Track2Realty Exclusive: Compared to other countries in Asia, India still lags behind on the transparency parameter. But we are increasingly scaling up with the data availability for the retail and residential sectors improving across all tiers led by the fast-paced development of the residential sector and modern retail formats.