Track2Realty-Agencies: Indiabulls Real Estate has opened its first overseas office in the UAE. Located in Dubai, the local representative office will cater to the rising interest and demands of the UAE-based NRIs in company’s projects across India and expand its regional reach, the company said in a statement.
Track2Realty: The Punjab Deputy Chief Minister Sukhbir Singh Badal showcased on Saturday, Nov 17, prime urban land under the possession of Punjab Government to 137 international and national Real Estate Developers, who assembled in Mumbai under the aegis of Confederation of Real Estate Developers’ Association of India (CREDAI) in a convention organized by them, Punjab land of opportunities.
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
Track2Governance-Agencies: The Enforcement Directorate (ED) has attached properties owned by Emaar MGF, the builder of Commonwealth Games Village in Delhi and several projects in Hyderabad, for alleged violation of Prevention of Money Laundering Act.
Emaar Properties has reported a 44.35% jump in net operating profit of $332 million for the first six months of this year. The company had posted an operating profit of $230 million in the January-June period of last fiscal. However, total income for the first six months of 2012 remained flat at $1.068 billion, Emaar Properties said in a statement.
The real estate sector is ready to have its own regulator. Sector is actually craving for a regulator as we have come to understand that a single window will give us a way forward to growth and customer satisfaction. At this moment we are living in a regime of 40 NOC’s to a project and still no permission to function. It has no meaning and it does not give us the freedom to grow.
Dewan Architects & Engineers, architecture and engineering consultancy firm, has drawn up an ambitious plan to expand its footprints in the Indian realty business. The company recently announced its venture into the burgeoning Indian real estate market, in a move that comes as part of Dewan’s strategic expansion plans to reach out to more markets in South East Asia.
Indian realty firm Synergy Property Development Services Ltd bagged, through international bidding, a $153-million township development project in the central African country of Rwanda.
Puravankara Projects Limited has ventured into the Kingdom of Saudi Arabia to cater to the Indian housing needs of NRIs residing there. With the increasing interest among Indians in the Kingdom of Saudi Arabia to invest in luxury and affordable luxury homes back home in India, Puravankara is now well poised to tap this potential market with a permanent presence in the Kingdom of Saudi Arabia through its new branch office in Al Khobar, Dammam.
Beyond the debate of front-end cost of the retailers driving new-age innovations into virtual world, the question is whether it is a natural growth progression of the retail and the future of organised retail in India?