Everstone ties up with JLLI for retail asset management
Track2Realty: Everstone has tied-up with Jones Lang LaSalle India (JLLI) for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.
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Lack of infrastructure forced Ghaziabad resident to file PIL against new housing projects
Track2Realty: Lack of infrastructure in Ghaziabad has forced common residents to file PIL against new housing projects. Residents of a housing society in Ghaziabad have approached the Allahabad High Court seeking a clampdown on the Ghaziabad Development Authority (GDA) from approving any new residential project till civic infrastructure works in the city are upgraded to meet the requirements of the population.
Panel recommends to monetise unutilised govt land
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.
70 Indian realtors to participate in Times Realty India 2012
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
Gopal Raheja approached Court against son’s alleged attempt to usurp business
Track2Realty-Agencies: Gopal L Raheja, the real estate tycoon of Mumbai, has filed a petition in the Bombay High Court, accusing his son of attempting to ‘usurp’ his entire business. This is the second family feud in Indian realty business after ugly public spat in Hiranandani family.
More Indians buying homes abroad, particularly in U.K.
Track2Realty-CRIENGLISH: In a country where majority of the people do not have decent homes and the volume of sales of housing units in Indian markets is under pressure,a growing number of Indians are keen to buy homes abroad, particularly in the United Kingdom.
Realty takes corrective measures ahead of festive season after Track2Realty survey finds no takers for new launches
Track2Realty Impact: When Track2Realty pan-India survey said it in May this year that Indians prefer to pay more for ready-to-move property and find new launches risky, the sector was obviously not amused. CREDAI President Lalit Kumar Jain had differed with the Track2Realty survey findings in an interview with Tehelka and said that “ready-to-move-in flats comes at a premium rate and the availability of such in the country is currently just 5 per cent.”
IT raids 10 real estate firms in Indore
Track2Realty-Agencies: The Income Tax (I-T) department has raided on 45 premises of Indore-based 10 real estate firms on Saturday, Sep 22. A team of 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. The raids are expected to continue on Sunday as well.
Face-to-face office interaction can’t be substituted by work-from-home
A question that is doing the rounds is, if it is wise to build such large and high-end office spaces, considering the fact that working pattern is tilting towards flexible working hours and many employers are encouraging work from home. This would cut down the need for spending on office staff, expenditures on overheads, maintenance and large office space.
Impetus on PPP models to fast track the infrastructure projects: Jitin Prasada
Track2Realty: Government is coming out with new PPP models to fast track infrastructure projects, said Jitin Prasada, Union Minister of State for Road Transport and Highways, while inaugurating the Conference on Infrastructure Project Management, organised by Confederation of Indian Industry in New Delhi on Thursday, Sep 20.