Track2Realty: A home is the costliest purchase that an Indian makes. Hence selling a residential property is not an easy task since the Indian customer by nature is very discerning and price conscious.
Track2Realty: Union Minister for Urban Development Kamal Nath has promised to enhance collaboration with UK to improve overall urban infrastructure. He was speaking on Monday, Oct 8, at RICS international conference-Cities 2030: Are we on track?
Track2Realty-Agencies: Two more entities have received market regulator SEBI’s approval to set-up Alternative Investment Funds (AIFs), a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds.
Track2Realty: Godrej Properties has launched residential villa project, Godrej Gold County, at Tumkur Road, Bengaluru. Spread over approximately 12 acres, this project will comprise of 87 villas built over a total saleable area of 2.8 lac sq. ft. Customers can choose from 4 types of contemporarily designed villas ranging in size from 3,303 sq. ft. to 4,113 sq. ft., at prices starting from Rs. 2 crores.
Track2Realty-Agencies: DLF has filed for five patents for inventions that relate to fire safety of its buildings. The company has installed these systems in its commercial buildings, comprising 30 million sq ft, across the country and would do so in future projects as well.
Track2Realty-Agencies: The Centre is ready with an ambitious plan to sell surplus government land to generate cash to ease financial pressures, as suggested by the Vijay Kelkar Committee on fiscal consolidation. A Cabinet note prepared by the Finance Ministry within days of the Kelkar Panel submitting its recommendations says that proceeds from the sale or lease of surplus land, seen as a non-performing asset, would be used only to repay loans or create capital assets that will generate recurring revenue.
Track2Realty-Agencies: India has launched an ambitious Rs 1,300 crore housing project in northern Sri Lanka to build brand new homes for about 43,000 ethnic Tamil families displaced due to the civil war in the country.
Track2Realty-Agencies: The government should take steps to monetize under-utilized land resources of public sector enterprises, port trusts and railways, a panel set up to chart out the roadmap on fiscal consolidation has recommended.
Track2Realty: Cushman & Wakefield has appointed Manish Aggarwal, Executive Director, India as the North India operations lead for all service lines. Manish will be responsible for providing strategic direction to Cushman & Wakefield’s Northern India business and facilitate enhanced service delivery.
Track2Realty-C&W: NCR registered absorption of 1.2 msf in Q3, 2012 and which was 14% lower when compared to the previous quarter due to cautious approach by the companies. IT/ITeS and consulting firms continue to be among the largest occupiers taking up spaces in excess of 200,000 sf each across Gurgaon and Noida, says office market report from real estate consultancy Cushman & Wakefield.