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When consumer activism against developers backfires-IV

Track2Realty Exclusive: Signs of consumer activism backfiring have already started appearing. For instance, visibly upset with the increasing instances of protests by Noida Extension home buyers, which often obstruct traffic and law and order arrangements in the city, the district administration in November, 2012, asked the buyers’ association to not to protest in groups.

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Over reliance on IT/ITeS proved to be nemesis of SEZs

Track2Realty Exclusive: The fact that SEZ story in India was left on the private hands, the key policy plank of SEZ policy, to promote manufacturing and hence create jobs (both skilled and semi-skilled) for the rural masses took the back seat. IT/ITeS with limited scope of job creation, compared to manufacturing, started dominating the SEZs.

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Is resale residential property a better option-II

Track2Realty Exclusive: There are certain precautions one must take in documentation when going for a resale property. Om Ahuja, CEO–Residential Services, Jones Lang LaSalle India says all the documents that are applicable for a primary residential property sale would be required for a clear resale flat transaction, as well. The seller should be able to produce all original documents.

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Is resale residential property a better option-I

Track2Realty Exclusive: A quest for brand new home is inherently ingrained in the psyche of Indians. However, that is fast changing, thanks to unmet commitment of developers in recent times, banks’ changed outlook and home buyers’ convenience in major cities. Track2Realty reads the pulse of home buyers to understand why resale apartment is no more a taboo and is rather preferred over the new launches and under-construction apartments.

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Can Indian cities replicate Las Vegas-III

Track2Realty Exclusive: Some developers assert the redevelopment can add value in ways more than one and depends on the location and area of redevelopment. Diipesh Bhagtani Executive Director Jaycee Homes says in a particular location where the flats are already huge, a developer cannot offer a still larger space but can offer luxury.

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Beyond land use & resource efficiency lies Smart City-I

Track2Realty Exclusive: If Planning, Finance, Technology and Skills are the four key components of smart urban living, India lacks substantially on all the given parameters. While the world is increasingly moving ahead with real estate products adding smart quotient, in India the debate still hovers around unlocking land value & monetizing it after master plan of respective cities failed to adopt the successful global urban experiences. Track2Realty debates whether smart city ingredients should be optional reforms of real estate or made a mandatory provision.

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Can Indian cities replicate Las Vegas-II

Track2Realty Exclusive: In India redevelopment is a huge market, where a developer has to work with cooperative housing societies. In Mumbai the process has already started due to additional FSI granted with the new development rules. The new DCR has made it easy for developers to negotiate with the societies because now they know what areas are sanctioned and there are no free areas.

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