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Track2Realty Exclusive: Some analysts maintain that the government needs to understand that in order to meet the infra needs we are left with no option but to transform the city.
Track2Realty Exclusive-Yearly Analysis: Indian real estate companies are reeling under the burden of debt, so much so that the excess cash that they had borrowed has become a liability that they want to get rid of but are unable to relieve themselves due to various factors beyond their control. They are nonetheless trying all possible measures, from selling land bank to restructuring their portfolio. Track2Realty tries to assess the seriousness of the situation where many of the realtors are caught between the distress sale and the debt trap.
Track2Realty Exclusive: A large section of realty players categorically say that the redevelopment process may be a step in the right direction, it is yet not going to change the demand-supply dynamics, nor will it bring down the prices.
Track2Realty: The government is working on a proposal to allow Real Estate Investment Trusts (REITs) to participate in the country’s rental housing market.
Track2Realty-Agencies: After some neglect in the past several years, the realty industry in India finally saw some reforms that had a direct and indirect impact on its fortunes and which led to the some development of the sector in 2012. The prospect of a revival looks brighter once the central bank keeps it promise of cutting interest rates to spur overall growth.
Track2Realty Exclusive: The Union Cabinet has cleared the Land Acquisition Bill, the realty sector is debating its pros & cons but the home buyers are apprehensive whether the house prices will shoot up in proportion of the higher cost of fresh land acquisition. The Bill cleared by the Union Cabinet makes the consent of 80 per cent of owners mandatory for private projects.
Track2Realty: Mumbai-based Omkar Realtors & Developers has partnered with ESPA International to create the first global onsite spa at its upcoming ultra-luxury residential project at Worli, Mumbai.
Track2Realty Exclusive: What are the challenges for redevelopment of a project in the urban centres? Ram Makhecha, Director, Vakratunda Group believes 80 per cent of the buildings in a city like Mumbai are dilapidated. Most of the other 20 per cent new buildings are better because that got constructed under the redevelopment scheme in recent years.
Track2Realty: Supertech has awarded the India branch of UAE’s Arabian Construction Company (ACC) its first project in North India. ACC’s Rs.650 crore ($125 million) contract will see them build Spira, India’s tallest mixed-use tower and part of the project, Supernova.
Track2Realty: SARE Homes in association with State Bank of India is offering a scheme under which the customer needs to pay nothing for three years, after paying the first 20% for booking an apartment at ‘Springview Heights’ the new launch at its aspirational 88.35 acre township at NH24, Ghaziabad.