Track2Realty Exclusive: If you ever thought religious sentiments only affect the home buyers in affordable category, then probably you have neither been exposed to the India’s costliest property market trends in South Mumbai, nor have you monitored the transactions in this region during Akshay Tirtiya.
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Track2Realty Exclusive: Akshay Tirtiya holds special significance in Gujarat both for the traditional Gujaratis as well as the youngsters with the modern outlook to the culture and traditions. This festival is seen as the right time to acquire assets and traditionally the business of gold touches a new high on the day of Akshay Tirtiya.
Track2Realty Exclusive: Property markets across the country have shoot up in capital and rental values in tandem with the infrastructure development. Infrastructure development and better connectivity are two key elements behind property prices going up. Navi Mumbai, however, presents a different picture with arguably the best infrastructure development and connectivity in Mumbai.
Track2Realty Exclusive: Thane is a cosmopolitan suburb which has evolved from being a mere city of lakes to the nestling zone of the urban middle class. Most of the working professionals in Mumbai have found Thane to be an ideal location to buy an apartment or take it on rent. Affordability has been a key USP of Thane property market, which has further been ignited with better connectivity.
Track2Realty Exclusive: Noida has defied the conventional wisdom of economics of late, thanks to the new found interest of the multinational corporations (MNCs) and the NRIs. This is due to the fact that the investment pattern of these two demand drivers have so far been guided by the conventional wisdom of economics that suggests to put money in a relatively mature market, and that too when the macro economic outlook is bright and the sentiments bullish.
Track2Realty Exclusive: While most of the metro cities are crumbling under the burden of increasing urbanisation and the load on the land and infrastructure has led the life miserable there are cities like Pune which seem to be learning from the mistakes of these metro cities and the late movers’ advantage seem to be helping the city grow holistically in terms of its real estate developments and infrastructure issues. What makes the case of Pune even more unique, reasons why it is rated as the best city out of the four established metros is the fact that the social infrastructure has gradually been shaping up well in the city to compliment the physical infrastructure.
Track2Realty Exclusive: While the Indian real estate has been on a copy & paste mode in the last three years where not much support has been extended by the market or the policy makers, there is a strong optimism within the built environment that 2014 would be a turnaround year. Though nothing much has changed in terms of issues & concerns of the sector as another year comes to the end, some of the policy decisions in the last six months indicate the sector is finally on the road to recovery.
Track2Realty Exclusive: Real estate gains are not always short-term but often long-term from investment point of view. The same can be said about 2013 where despite of an outside view dismissing the year 2013 for low sales velocity, piling inventory, liquidity crunch and policy ambiguity, added to the country moving to the General Elections in 2014, the sector has managed to pave the way for long term reforms.
Track2Realty Exclusive: When a developer few years back launched a 5 acre project in Coimbatore dedicated to the senior living, it raised quite many eye brows. Everyone was wondering whether there is a market for such a project, exclusively conceptualised for the senior citizens. Critics even had it that the project is ahead of its time and some termed it as a project meant for parking the investment.
Track2Realty Exclusive: Friends handling the social media of realty companies take an offence when social media is being criticised to be overused due to strategic dilemma. “Don’t blame the medium for human follies,” is the argument in general. Actually one of the friends from the online community wrote a blog post on the issue with the same title and started a discussion thread on the LinkedIn.