Cong writes to PM seeking early passage of real estate bill
The move comes days after Rahul Gandhi assured homebuyers that…
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Indian real estate 2014 wrap-up & crystal-gazing into 2015
Track2Realty: The year 2014 has been quite fruitful for the real estate sector in terms of business sentiment, although the real effect of many of the policies and amendments announced in 2014 will take effect only in 2015. Starting from Union Budget FY2014-15, where affordable housing was considered on par with infrastructure, to relaxation of rigidities in the Land Acquisition and Real Estate Regulatory Bill, India’s new Prime Minister has been offering the India real estate sector consistent doses of energy.
Policy guidelines will define success of CSR in slums
Track2Realty Exclusive: The real estate has by and large welcomed the move to bring the slum redevelopment and rehabilitation projects under the ambit of Corporate Social Responsibility (CSR). It has been a wish that hat was granted even before the sector could get vocal with the wish list. It is hence no surprise that some of the adjectives that the Finance Minister’s announcement could earn have been ‘a game changer’ or ‘a corporate catalyst’ and ‘investment magnet’.
Prime Minister announces infrastructure projects including 8 new airports to boost economic growth on Independence Day
Track2Realty-Agencies: India will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday, Aug 15.
Balwa’s resignation led to DB Realty’s shares nosediving a record low
Shares in developer DB Realty hit a record low on Monday after its Managing Director Shahid Balwa, embroiled in a widening telecom corruption investigation, resigned from his position.
Will Indian home buyers finally have Uniform Builder Buyer Agreement?
Uniform Builder Buyer Agreement (BBA) has been the demand of Indian home buyers for long. In the absence of it, while the home buyers were being harassed by the unscrupulous builders, the sector was at the receiving end of poor perception in the collective consciousness. Track2Realty evaluates whether a Model Builder Buyer Agreement will be a reality after the repeated interventions by the Supreme Court of India.
Domestic firms account for nearly 47% of total leasing during 2022-H1 2024
This strategic growth is expected to be driven by a focus on innovation as these companies seek to enhance their technological capabilities and market presence. Moreover, emerging technologies are projected to generate approximately 4.7 million tech jobs over the next five years across diverse sectors, including manufacturing, retail, education, finance, and insurance. This surge in job creation underscores the growing importance of technology across industries and highlights the need for a skilled workforce to meet the evolving demands of the digital economy.
India recommits to building a sustainable future
The annual campaign has been supported by over 75 Green Building Councils (GBCs), plus partners, hosting over 100 events around the world to spotlight solutions to industry stakeholders for a resilient and decarbonised built environment. By REDUCE, it aims at improving energy efficiency and minimise energy use; by ELECTRIFY, it aims at shifting to electricity for essential functions and ensuring electricity generation is from low-carbon sources such as renewables; and, by ADAPT, it aims to ensure the built environment is capable of withstanding the impacts of climate change.
South India’s data centre market to witness 65% capacity growth by 2030
South India’s data centre market is on an impressive growth trajectory, with major cities like Chennai, Bangalore, and Hyderabad at the forefront. This surge is supported by substantial government incentives, strategic infrastructure investments, and a rising demand for digital services. The region is poised to play a crucial role in the global data centre landscape, with capacity projected to grow 65% by 2030.
Warehousing supply in the eight primary markets estimated to grow by 13-14% YoY in FY2025: ICRA
ICRA estimates the industrial and warehouse logistics park (IWLP) supply to grow by 13-14% YoY in FY2025 in the eight primary markets to around 424 million sq. ft. Moreover, the absorption is estimated to increase to 47 million sq. ft. in FY2025 (90% of incremental supply addition) from 37 million sq. ft. in FY2024, supported by strong consumption-led demand. The vacancy in the eight primary markets stood at 10% in FY2024 and is likely to remain at a similar level in FY2025.