Track2Realty: Poddar Developers has launched their new project ‘Poddar Aspire’. ‘Poddar Aspire’ is located in Teesgaon, Haji Malang Road, Kalyan East, 2km away from Kalyan railway station and well-connected to the metro junction mall, schools and hospital.
Track2Realty Exclusive: The home buyers’ have often been complaining about the lack of choice in the property market. It is not only the demand and supply gap that has been cribbed about, rather in the available segment also the available options have been few and far between.
Track2Realty: Knight Frank India in association with the Federation of Indian Chambers of Commerce & Industry (FICCI) in its fourth set of findings of its flagship report – the Real Estate Sentiment Index for Q3 2014 (July – September) finds that sentiments are still riding high, though investors remain cautiously optimistic. The report captures the sentiments of the supply side stakeholders on the current real estate market conditions and gives a view into the near future.
Track2Realty Exclusive: To say that the home buyers are coming back to the Mumbai market during the festival season would be stating the obvious. The sentiments driven real estate purchase is already visible with the reported marginal price appreciation of residential real estate across the city. The reports of price appreciation do not just reflect the price trend of the city property market; it does indicate a much larger picture where the recovery of economy and sentiments are all driving the market simultaneously.
Track2Realty: CommonFloor.com has received USD 30 million in a new round of funding from their existing investor, Tiger Global. The current round of funding comes within months after it raised Rs 64 crores in last round from Tiger Global and Accel India.
Track2Realty Exclusive: Tapping NRI money is a wish that kept the developers driving throughout the year with the depreciation in Indian rupee. However, any wishful thought of fall in the currency would be suicidal for the sector in the year ahead as this rupee depreciation would not benefit them as much with NRIs investment as it would affect the foreign private equity (PE) funds which have been the project rider for many of the developers.
Track2Realty: The National Green a Tribunal has ordered Resilience Realty Pvt Ltd, a subsidiary of Rustomjee Realty to give notice to prospective purchasers before creating new third party rights in respect of the Rustomjee Oriana project at the MHADA Gandhi Nagar Layout, at Kala Nagar at Bandra East, Mumbai.
Track2Realty Exclusive: The story of the informed buyer and his crucial assistance in real estate has a great history of revolutionary changes in last two decades. The real estate sector has undergone a massive transformation in India in the recent past. The boundaries of metro cities are ever expanding. For instance, the city of Mumbai has expanded into huge Mumbai Metropolitan Region (MMR) today.
Track2Realty Exclusive: How realistic is the reported appreciation of property in a market where the buyers are unable to exit at even half the reported appreciation figure? Track2Realty Focus tries to decode the mystery of property appreciation to unveil the worst kept secret of the business.
Track2Realty: Godrej Properties has launched a township Godrej Gold County (GGC) at Tumkur Road, Bengaluru. Spread over approximately 1.6 acres, there will be only 22 exclusive town homes on offer. There will also be 87 villas in a natural setting.