Track2Realty Exclusive: Mumbai real estate is on its way to bounce back to normalcy this Diwali after a couple of years of turmoil where many economists were clueless as to how a demand-supply product can challenge the conventional wisdom of economics where prices are going northwards and transaction the other way.
Track2Realty Exclusive: Many believe the current level of housing inventory is limited and hence many of the companies are launching their projects in phases. The current spate of launches in Mumbai has opened up an inventory of 5,000 plus premium residential apartments aggregating Rs 7,200 crore at market average of Rs 12,000 per sq ft. A majority of the inventory on offer is for the premium residential segment.
Track2Realty-Agencies: Ezzy Group, an infrastructure and property management company on Friday, Nov 9, announced its foray into the Indian realty market with an investment of Rs 5,000 crore spread over the next two years.
Track2Realty Exclusive: The Mumbai property market seems to be determined to break the jinx this festive season with new launches, offers, changed marketing formats and even price correction. If the market trend so far is any indication, it is quite apparent that the developers have gone through the learning curve in the last 2-3 years and are now determined to break the jinx. In this endeavour to bounce back, buyers are smiling all their way to property search and in the process the city property market is defying the collective consciousness of being an over-heated realty market.
Track2Realty-Agencies: Canada-based NRI billionaire, Bob Dhillon is considering investing up to $100 million (about Rs 540 crore) in the Indian real estate market and is planning to approach the Haryana Government for developing a township near Chandigarh.
Track2Realty-Agencies: The Madhya Pradesh government is organising a real estate summit early next year to give a fillip to the urban infrastructure, Chief Minister Shivraj Singh Chouhan has said.
Track2Realty-Agencies: Realtors have sought to bring up incentives like free land allocation and public-private partnerships models to increase affordable housing stocks for the economically weaker sections.
Track2Realty-Agencies: The committee appointed by the Ministry of Urban Development to streamline approval procedures for real estate projects is expected to submit its report by the month-end, a senior official said here on Thursday, Nov 1.
Track2Realty: Calling for an end to a series of windows of corruption, developer apex body CREDAI has suggested the proposed Realty Regulator should also work for minimizing the human interface in the process of granting clearances and registrations.
Track2Realty: Indiaproperty.com has launched the IndiaProperty App for the recently launched Windows 8 operating system. Windows 8 users can get the immediate benefit of the property search experience from the IndiaProperty App that is already available in the Windows Store, which will simplify and enhance their property search experience.