Track2Realty: Emaar MGF (EMGF) has announced the launch of ‘Imperial Gardens’, a fine conglomeration of luxury and fine living, in sector 102, Gurgaon. The company plans to develop 9 high-rise towers comprising 580 units of 3BHK apartments with floor area of 2000 Sq. Ft. each.
Track2Realty-Agencies: Ansal Properties & Infrastructure (Ansal API) has achieved a sales bookings of Rs 2,361 crorein the first 11 months of this fiscal, slightly down from the year-ago period.
Track2Realty Exclusive: IT/ITeS and BFSI firms continue to be among the largest occupiers taking up spaces in excess of 200,000 sf each across Gurgaon and Noida. Close to 7.8 msf of under construction developments are expected to get completed in the fourth quarter, of which 70% comprise of IT SEZ developments across Gurgaon and Noida.
Track2Realty: Godrej Properties has launched its commercial development, Godrej BKC. Godrej BKC occupies a corner plot in the middle of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex.
Track2Realty: Tata Housing has launched the second phase of its luxury residential development – Amantra. Amantra – Phase II comprises of 565, two and three BHK units, starting at Rs. 5800/- per square feet.
Track2Realty-Agencies: Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during the October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).
Track2Realty: The Reserve Bank of India (RBI) has released final guidelines for issuing new bank licences on Friday. This will pave a way for corporate houses to enter the banking sector.
Track2Realty: 2012 presented the real estate sector with an array of challenges. Valuable lessons were learnt as the real estate markets dealt with the uncertainties surrounding the local and global economic fundamentals. Many of these uncertainties persist in 2013. DTZ is now embarking upon a new journey this year and putting risk back into perspective is the war cry.
Track2Realty-Agencies: DLF aims to cut its net debt by half over the next three years to Rs 10,000-11,000 crore with the help of fresh issue of equity shares, sale of non-core assets and improved cash flows.
Track2Realty: SARE Homes has appointed Parvin Kumar Jain as Director-…