Track2Realty: Jennifer Layke is the Director of Johnson Controls’ Institute for Building Efficiency, a global initiative to provide information and analysis of technologies, policies, and practices in high performance buildings and smart energy systems from a practitioner’s perspective. She leads the Institute’s research agenda and collaborations with a network of global experts on topical areas including commercial building efficiency, smart buildings & the smart grid, green building design, and renewable energy technologies.
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Track2Realty: DLF on rejected activist-turned-politician Arvind Kejriwal’s allegations of corruption in the business dealings with Robert Vadra, saying the Sonia Gandhi’s son-in-law bought flats from the company at prevailing market rates. The company also clarified that no unsecured loans were given to Vadra.
Track2Realty: India Against Corruption (IAC) raised certain allegations, some of which pertained to DLF. In this regard, we would like to state that the business relationship of DLF with Mr Robert Vadra or his companies, has been in his capacity as an individual entrepreneur, on a completely transparent and at an arm’s length basis. Our business relationship has been conducted to the highest standards of ethics and transparency, as has been our business practices, all around.
It is a highly disappointing budget. The Finance Minister has miserably failed in highlighting the importance the role of Housing in economy, employment generation, apart from the very need of housing. The announcements on ECB for affordable housing is a minor respite but still meaningless.
Shobhit Agarwal, Jt. Managing Director – Capital Markets, Jones Lang LaSalle India, believes market may be sluggish at the moment, but eventually India stands as a destination for investment.
The new Development Control Rules applying restrictions on redevelopment projects in Mumbai will defeat the very purpose of the redevelopment scheme and lead to immense social injustice.
While the city of Mumbai is known for living in cramped space with high-rise & high-density being the norm, Kohinoor City has opted for low-rise and low-density township.
While business travellers’ hotel is an established concept in several European countries, the concept is yet to catch fancy in India.
While the realty sector is cribbing for under representation in budget for the last few years, Atul Modak, Head of Mumbai-based Kohinoor City goes a step further to say realty sector not only gets under represented but also it is treated with a bias. He asserts that instead of seeing it as one of the sector responsible for growth of the economy, it is looked with a bias and taxed accordingly. In an interview with Ravi Sinha, he shares his budget wish list and concerns for the sector.
While the Indian realtors have often cribbed on the issue of under representation of the sector in respective budget, they have seldom admitted the fact that the real estate has been a divided house over their wants and needs. Navin M Raheja, MD, Raheja Developers suggests a way out and asserts that tax sops given to real estate will actually increase the government revenue.