Track2Realty: Rapid urbanization has thrown up many complicated challenges for home owners as well as city planners. While most of the debate tends to revolve around how to improve living conditions in the core urban areas, real estate developers in many cities like Pune, Mumbai and Bangalore are now coming up with an entirely new solution – the creation of entirely new satellite mega-cities.
Track2Realty: “To give the much needed fillip to Real estate and infrastructure sector in India, ‘Renegotiation’ clause should be inculcated while awarding the Public Private Partnership (PPP) Projects to industry. This would help remove the major impediment to PPP projects, i.e the huge gap in the government’s mind set on one hand and the aggressive and ambitious strategies of the private sector on the other”,
Track2Realty: The 50 km-long stretch along Chennai’s Old Mahabalipuram Road (OMR), or Rajiv Gandhi Salai, extends between the Madhya Kailash Junction at Adyar, Chennai, and the temple town of Mahabalipuram. It may be segmented into three sections—(i) Madhya Kailash–Shollinganallur, (ii) Semmencherry–Kelambakkam, and (iii) Kelambakkam–Mahabalipuram.
Track2Realty Exclusive: India has traditionally been a reluctant urbaniser and the developers have been even more reluctant to take the roads less travelled. For long it is the government agencies that have been catalyst to land acquisition and hand it over to the developers. Now that the Land Acquisition Bill is set to change the entire ballgame, Track2Realty wonders whether it is time to take a few case studies where a developer has dared to opt for ‘Destination Development’. Though such cases have been few and far between, the road ahead indicates even lesser first movers in the ring.
Track2Realty Exclusive: Against all the prophecies of doomsday in the realty market, Delhi-NCR has not only grown in the last four-five years, but also has been among the best performing markets in the country. The growth has been slow but steady and analysts believe it is time the property market of Delhi-NCR needs a catalyst to put it on the fast forward mode of growth.
Track2Realty: Kolte-Patil Developers (KDPL) has launched four new luxury projects- Tuscan Estate Signature Meadows, Downtown, 24K Glamore and 3rd Avenue at Life Republic in Pune to develop a total of 1.8 million sq.ft. for these new projects.
Track2Realty Exclusive: Administrative Reforms
A. Single window clearance for building approval.
B. Uniform and simplified building permissible rules.
C. No discretionary stoppage of work after granting approval for commencement without hearing by regulator/civil court.
D. Mindset reform; special campaign for political leaders and bureaucrats to support/accelerate growth, remove impediments.
E. To put mandatory block mentioning following in every order/permission, Date of application, Potential investment, Potential contribution to GDP in rupees, Potential new employment generation, Date of sanction, Number of days delay beyond permissible limit, reasons.
Track2Realty-Agencies: Ramprastha Group has said, Nov 25, that US-based investment firm Clearwater Capital Partners will infuse Rs 100 crore in its 600-acre township in Gurgaon being developed at a cost of about Rs 4,000 crore.
Track2Realty: Raising alarm over Mumbai and Maharashtra becoming increasingly “investor unfriendly”, developers apex body CREDAI has said the State Government’s policies will end up being its gift to Gujarat’s upcoming Gift City.
The Hinduja Group, with a global presence in core sectors such as oil and gas, automotive, power, IT, banking and finance, today announced a major foray into the real estate sector in India involving an investment of up to $15 billion.