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Track2Realty: The government is all set to introduce a buyer-friendly real estate legislation which aims to protect consumers and bring transparency in the sector in the monsoon session of Parliament.
Track2Realty: In a continuation of the company’s global growth plan, Cushman & Wakefield has entered into an agreement to acquire Singapore-based project management specialist company Project Solution Group (PSG).
By: Brotin Banerjee, MD & CEO, Tata Housing Track2Realty Exclusive:…
Track2Realty-Agencies: Those selling immovable property without disclosing their permanent account number (PAN) are in for a tough time with the government mandating a 20% tax deduction at source (TDS) in such transactions.
Track2Realty Exclusive: Asking for industry status, the sector doesn’t want elements of accountability that comes with the package. Quite opposed to the very idea of regulation, even after self-regulatory attempts didn’t work out, realty doesn’t evoke confidence at the policy level and often ends up being at loggerheads with the government. Track2Realty finds that though policy advocacy is very much desirable in the sector, it is yet so debatable that the stakeholders have failed to evolve a consensus over its issues and agenda.
Track2Realty: Though the opening of the Indian retail sector to foreign direct investments may have brought cheers to the commercial real estate sector in the country, it is expected that the supply of distressed properties within the commercial segment will increase during the second quarter of 2013, according to the RICS India Commercial Property Survey Q1 2013.
Oberoi Realty is looking to lucrative markets beyond its home market of Mumbai and is now planning to foray into new market of National Capital Region. The company has outlined budget of nearly Rs 150 crore for this and is aiming to do so in the current financial year, a top company official said.
Track2Realty Exclusive: Not all large developments can however, be called townships. A development comprising only budget apartments is an incomplete township. So is one that has only luxury housing. It is essential for a township to have an inclusive character.
Track2Realty-Agencies: After weeks of hectic negotiations, the government on Thursday, April 19, has managed consensus on the crucial Land Acquisition and Rehabilitation and Resettlement Bill, paving the way for its consideration and passage in the second half of the budget session of Parliament beginning April 22.