Track2Realty: With the rapidly changing profile of consumers the world over, it remains a challenge for retailers to keep up with shifting shopping demands. Shoppers today are more discerning and better informed about products and services than ever before, expecting a certain standard of shopping experience from retailers.
Track2Realty Exclusive: FICCI has recently released Real Estate Sentiment Index for Q3-2014. The report is also supported by sensitive data being put forth by one of the world’s leading independent real estate consultancy, Knight Frank. The index or a very formal survey conducted by the joint efforts of these two independent organizations revealed a lot about Indian realty market.
Track2Realty Exclusive: Affordable housing has always been a wishful thought in Mumbai real estate and the call for the same has been reignited post the Government of India calling for a vision document to ensure houses for all by 2022. However, Mumbai is not like the rest of the country and the sky high land prices due to unavailability of developable and licensable land calls for a rethink over what precisely is feasible to create affordable housing stock in the city.
Track2Realty Exclusive: The increasing shift of corporate focus towards Noida has been a matter of both research and speculation in the region. While the critics would like to point out that the shift of the Indian business community and the Multi National Companies (MNCs) have been more due to recent economic slowdown that made the scale of economy unviable in the high rental destinations like Gurgaon, the optimists within the built environment would prefer to look at the traction points of the city.
Track2Realty Exclusive: Property analysts across the country refer Coimbatore as a market where the effects of slowdown is least visible. At a time when the other property markets across the country are reeling under slackening demand among other major worries, Coimbatore is proving to be a market where the property transactions are happening at a decent pace.
Track2Realty Exclusive: Prayag Damodar returned to the home town Ahmedabad after having spent 14 long years in the Gulf region where the only option of living has been high rises and skyscrapers. He had developed the liking for such vertical living so much that he had a feeling of missing that sky high living back home as the prevailing housing culture has been standalone residential units when he left the city.
Track2Realty-Agencies: The Central Board of Direct Taxes (CBDT) has ordered an Income Tax department investigation against a number of real estate developers who were recently shown by an investigative portal to be willing to accept alleged black money in property transactions.
Track2Realty: Chief Minister Devendra Fadnavis’ announcement of his intention to make Pune the IT capital of India has brought mixed reactions. However, this is not a Utopian dream but in fact becoming a reality even as we speak. Pune and information technology are already inseparable concepts today, and all it will take is a decisive push by the BJP government to establish it as the country’s foremost IT hub.
Track2Realty: The completion of several large transactions—including a couple of deals worth overUS$ 500 million each—pushed up the total real estate investment volume in the Asia Pacific region in the June–September period to US$ 35 billion, a quarter-on-quarter increase of about 40% (as per the CBRE APAC Capital Markets MarketView Q3 2014 report).
Track2Realty: The Indian monsoon months are synonymous with low activity in real estate, but this year witnessed considerable amount of activity in the office sector. Compared with last year’s monsoon months of July, August and September (3Q CY 2013), this period in 2014 showed 58% growth in office space demand.