Track2Realty: Real estate has expressed disappointment over the decision to hike key policy rate by the Reserve Bank of India (RBI). The developers and analysts say this would lead to increase in finance cost and also affect housing demand during the festive season.
Track2Realty Exclusive: Wave of change in Indian real estate was visible in 2007. Suddenly, it seemed like real estate would fulfill its destiny as the sunrise sector of the country. Billion dollar projections; international funding companies eyeing a piece of the Indian real estate pie; talk of international best practices in the industry; international firms in the real estate and allied industries’ space entering the Indian market; this year changed the sector in several far reaching ways.
Track2Realty Exclusive: A Crisil Research report maintains that absorption of new residential units across six key cities is likely to increase at a compounded annual growth rate of 7 per cent in the next two years, with Mumbai registering the highest CAGR of 14 per cent in the next two years due to huge pent-up demand. Meanwhile, the Bangalore realty market is likely to see a stable rise in sales with firms such as Sobha Developers Ltd and Prestige Estates Ltd benefiting.
Track2Realty: Curo Group has launched Jalandhar Curo High Street which will be fully operational from January 2014.Curo is the group that introduced General Motors, Multiplexes, PVR and RIL to Punjab for the first time. Jalandhar’s Curo High Street is Punjab’s first European style market place which has all the amenities of a mall under one roof.
Track2Realty Exclusive: Nearly Real estate stocks have been on a roller coaster ride for the last few years but 2012-13 has been witness to some stability in the realty index. Critics call it more speculative than any other index as the disconnect between the respective company and its stock has often been devoid of logic.
Track2Realty Exclusive: I remember when I left Education Times in 2006, to take over Property Plus Central, Times of India Mumbai’s area centric real estate supplement, circulated in the central suburbs of the city, as its editor. Everyone I knew was convinced I had committed career hara-kiri.
Track2Realty Exclusive: Many luxury brands have a rich pedigree, seventh P of branding, and extraordinary history that become an inseparable part of the brand story. The mystique and the legend is generally built around the exceptional emotive founder character of past.
Track2Realty Exclusive: The Government of India envisages one trillion dollar investment in all areas of infrastructure in the 12th five year plan (year 2012 to 2017). The Government wants fifty percent of this investment to come from the private sector participation and most of these projects are expected to utilize the Private – Public partnership (PPP) model.
Track2Realty: Mumbai witnessed the launch of approximately 18,000 real estate units during the first half of 2013; representing an increase of 30% compared to the first half of 2012. Of the total launches, 30% were witnessed in the western suburbs of Mumbai which had the highest share in new launches at locations like Andheri, Bandra, Malad and Goregaon. Navi Mumbai contributed 24% of the overall launches with the second phase of a large township project launched in Panvel.
Track2Realty Exclusive: The RBI needs to put its act together before its next monetary policy review on July 30. In the wake of sluggish pace of economy, the Reserve Bank’s status quo on key policy rates in its last monetary policy sent a wave of disappointment in the industry.