Track2Realty Exclusive: If CCI verdict against DLF is upheld, it will amount to all developers in danger of coming under the jurisdiction of the competition commission. Would the slew of builders across the country very much be amenable to this kind of interpretation?
Track2Realty Exclusive: Realty is predominantly a regional business, primarily on account of land being a state subject. Therefore it is a tough task for one single body or association to represent the views and opinions of all stakeholders in the sector.
Track2Realty Exclusive: While the real estate fraternity, legal experts and others had strongly questioned the basis of the CCI order and the enormous penalty of Rs 630-crore levied on the real estate major, the sector itself eventually approached the CCI through its industry associations against the cement cartel. Acting on the sector representatives’ complaints, the CCI imposed a penalty of Rs. 6, 307 crore on 11 cement companies for cartelisation.
Track2Realty: In a reprieve for 140 families of Campa Cola Compound at Worli spending sleepless nights over the sword of demolitions hanging over their head, the Supreme Court on Wednesday, May 1, posted a special leave petition by a group of residents for hearing on Thursday.
Track2Realty: The Chak De actress Sagarika Ghatge recently filed a case against a real estate company who have been using her pictures for hoardings and ads after her contract with them expired.
Track2Realty Exclusive: Mumbai city is leading the redevelopment process though the volume is still a fraction of the overall potential. Of course, Mumbai’s problems are unique and need solutions which are also unique as socio-political fabric of the society and ethnicity is diverse.
Track2Realty Exclusive: The Pune realty market in many ways is very different from many other cities in the country. Pune has showed tremendous resilience and a quick bounce back in the aftermath of the 2008 global crisis. In many ways, Pune depicts the behaviour of an extremely mature market leading to low levels of volatility in terms of capital values of the homes.
Track2Realty: The greatest opportunity and challenge to India’s growth is infrastructure and the greatest challenge to the growth of infrastructure is risks – anticipated and unforeseen – that is part of any project. Risk and its effective mitigation were discussed at Confederation of Indian Industry’s (CII) & CBRE’s flagship event the 2nd Edition of the Conference on Infrastructure Project Management with the theme ‘Risk Management in Projects’. CBRE is the Knowledge Partner for the Conference on Thursday, April 25.
Track2Realty Exclusive: The case of Japan is one of the most inspiring and creative as conviction of betterment leads the policy and practical solution formulations. Gate Tower Building is a 16-story office building in Fukushima-ku, Osaka, Japan. And what makes it notable is the highway that passes through the 5th-7th floors of this building. The highway is part of the Hanshin Expressway, a network (239.3 km) of expressways surrounding Osaka, Kobe and Kyoto, Japan. The Gate Tower Building is Japan’s first building to have a highway pass through it. And it had been nicknamed “beehive” referring to its appearance as a “bustling place”.
Track2Realty: Tata Housing has announced the outstanding over-subscription of its newly launched project – Gateway Capital, located at sector 112, Gurgaon. The company claims that for the first time in the history of Indian real estate industry, Tata Housing introduced a unique strategy of selling its units through an IPO-styled concept by floating a range of Basic Sales Price in the market, from Rs.9000 psf to Rs.11000 psf.