Track2Realty-Agencies: The Delhi state consumer panel has asked real estate firm Omaxe Buildhome Pvt Ltd to pay over Rs 11 lakh to a retired Indian Airlines official after holding the realty firm of ‘deficiency of service’ in the allotment of a flat at Greater Noidain Uttar Pradesh.
Track2Realty: Consequent to corporate real estate transaction closures during the first nine months of the year across the leading seven cities in the country, CBRE notices the potential generation of office employment opportunities of over 2,70,000.
Track2Realty: Even as the Indian real estate market shifts into the second gear of recovery, developers whose operations had slowed down during the lull are still faced with multiple concerns. On the one hand, the very basis of their business is the launching of new projects (the only function that really defines a developer’s viability as a going concern on the real estate market). On the other hand, it is vital for them to clear piled-up inventory in order to generate capital and enable clearances for new projects.
Track2Realty: Cushman & Wakefield in their latest research on the residential markets of India have reported a drop in total residential units launched in 3Q 2014 (July – Sept.) of approximately 21% as compared to same time last year.
Track2Realty: The key southern markets of Bangalore, Chennai and Hyderabad together clocked in about half of the total corporate real estate space take-up among India’s leading office markets during the first nine months of the year.
Track2Realty-Agencies: DLF reached the door of Securities Appellate Tribunal (SAT) on Friday, Oct 17, against a SEBI order barring it and top executives from capital markets.
Track2Realty-Agencies: The Securities and Exchange Board of India (SEBI) on Monday, Oct 13, banned DLF and six of its directors — KP Singh (Chairman), Rajiv Singh, TC Goyal, Pia Singh, Kameshwar Swarup and Ramesh Sanka — from trading in the securities market for three years.
Track2Realty: A few years back, Hyderabad was offering the likes of Bangalore stiff competition for attracting office space investments. Today, the formation of a new state, a new government and a stabilized political environment are yet to instill the confidence that is needed to revive Hyderabad’s real estate fortunes.
Track2Realty Exclusive: While in many other property markets across the country the developers are planning freebies & discounts to attract the buyers, in Gurgaon the demand and supply cycle of the property market is showing a different trend altogether. With very few inventory hangover of ready-to-move stocks available and the macro-economic outlook reviving, the buyers are back in the market and even though a price rise is on the cards the festive spirit is yet driving the home buyers to the market.
Track2Realty Exclusive: A stable property market otherwise, Pune like any other city has also been witness to the slow sales in the last few years. The overall macro-economic slowdown had taken its on the psyche of the home buyers who were sceptical about the fortunes of the city property market. Even the buyers who had no affordability issue were also not unaffected by the bearish sentiments.