Search Results: NCR (2578)

Editorial Abhishek Kapoor, Puravanakara, Provident Housing, Ashish Puravanakara, Puravankara Share Price, Puravankara Stocks

Corporate governance fundamental framework to guide Puravanakara: Abhishek Kapoor, CEO, Puravankara Limited

Corporate governance is a core principle that cuts through the entire value chain of Puravankara, claims Abhishek Kapoor, CEO of Bengaluru-based company. In an exclusive interview with Track2Realty, he shares how transparency, integrity and respect are central to the company’s internal and external stakeholder relationships. Puravanakara has also established a strong ESG framework that guides the decisions as a business and a responsible corporate citizen. Excerpts of the interview:

Company News Ashish Puravankara, Puravankara, Purva Asset management, Purvankara AIF, Puravankara Alternative Investment Fund, Real Estate Funding Gap

Puravankara announces first close of INR 750 crore Alternative Investment Fund

Puravankara has closed its targeted AIF (Alternative Investment Fund) of INR 750 crore (including a green shoe option of INR 250 crore). The company targets the final close of the Fund by September 2022. The Fund will invest in a mix of plotted developments and mid-sized mass housing projects under the ‘Purva Land’ and ‘Provident Housing’ brands.

Brand Rating CREDAI Image Management, CREDAI, CREDAI NCR, CREDAI Western UP, Amit Modi, Nikhil Hawelia, Real Estate Reputation, Real Estate Perception, Builders' Perception, Builders' Reputation, Track2Realty Newsletter

CREDAI image makeover a self-congratulatory odyssey

CREDAI as a real estate industry body fails miserably time & again to gain public & policy level acceptance. Reason: Shady builders have more often than not been operating as the elected office bearers of CREDAI. The situation is all the more grave with CREDAI NCR team that believes in convince, confuse or corrupt philosophy of public, policy & media engagement. In his diary of a real estate journalist, Ravi Sinha highlights how focus on projection than perception change at the ground has been the nemesis of CREDAI in general and CREDAI NCR in particular. 

Consumer Connect Real Estate Price Escalation, Real Estate Price Hike, Input Cost Hike, Real Estate Caramelisation, Cement Caramelisation, Steel Caramelisation, Raw Material Caramelisation, CREDAI, NAREDCO

Sustaining public posturing on construction halt a tricky affair

Just when the real estate industry bodies had firmed up their public posturing to halt construction with allegation of cartelisation by the cement & steel producers, there was uneasiness at the developers’ end. Many of them had their back of the envelope calculation as to whether the construction strike would actually help or hurt the business. Track2Realty tries to get into the depth of the issue.

Policy Union Budget 2022-23, Budget & Real Estate, Budget & Property Market, Budget & Housing, Budget & Home Buyers, Finance Minister, Nirmala Sitharaman

Union Budget 2022-23: Unanswered questions for real estate

The Union Budget 2022-23 lacked any fresh ideas as far as the real estate in general and the housing market in particular is concerned. Most of the announcements are more or less the extension of the old schemes and roadmaps. The euphoria of the industry stakeholders ahead of the budget turned into a deafening silence in the next few hours of budget speech.

Advocacy Union Budget 2022-23, Budget & Real Estate, Budget & Property Market, Budget & Home Buyers, Budget Wish List, Finance Minister, Nirmala Sitharaman

Union Budget 2022 lacked fresh ideas; “U Turn” by realty players

Tracking the sentiment is not that easy in the business of Indian real estate. There is no ideal predictive model that could assess the sentiments of both the developers as well as the buyers. The leading voices of the sector has never been very consistent with their budget wish list and the post budget customary note. The most important stakeholders, the home buyers, are more often than not completely ignored when it comes to sentiment assessment post the Union Budget.

Policy Union Budget 2022, Budget and Real Estate, Real Estate Budget Wish List, Home Buyers' Budget Wish List, Budget and Housing

Can Budget 2022-23 address home buyers’ job insecurity issues?

The industry data of faster recovery and record home sales conceal more than it intends to reveal. The rosy outlook fails to address the fact that this is a K-shaped recovery where a handful of large developers with sound financials have grown at the cost of the large universe of the developers. More importantly, the sales registration data doesn’t differentiate between primary market sale and distress sale in the secondary market.

Beyond Headlines Real Estate Investment, Real Estate Funding, Property Market Investment, Funding of Indian Real Estate

India property market sees high investors’ interest for alternative assets

Apart from data centers, there is likely to be more focus on greenfield assets in the industrial sector in 2022 led by strong demand from E-commerce companies. The Industrial and warehousing segment saw investments at a five-year high at USD1.1 billion. Green financing through green bonds will also see greater acceptance this year in India as developers, asset owners and investors turn their focus to sustainable development. This trend has further been accelerated by the pandemic across geographies.

Policy Union Budget 2022-23, Real Estate Budget Wish List, Home Buyers' Budget Wish List, Budget & Real Estate

Budget 2022-23 wish list & real pain points of real estate

On the eve of every Union Budget the real estate stakeholders get into a huddle to set the narrative that could influence the fiscal policy. They are conscious of the fact that the business of real estate gets more affected by the fiscal policy than the recurring monetary policy that shapes the outcome of floating interest rates every now and then. A Track2Realty analysis.

Consumer Connect Consumer Protection, Home Buyers' Rights, Real Estate Consumer Cases, Consumer Protection Act, NCDRC, Advocate Devesh Ratan

Will new rules on consumer commissions help home buyers?

Home buyers point out that it is not only lengthy litigation that defeats their cause but also the fact that the builder continues to challenge the orders of the District Commission in higher courts. Over and above that the builder can also file multiple false cases against the harassed home buyers. The home buyers hence demand that the way NCDRC admits the challenged judgment of the State Commissions on a case-to-case basis, the State Commissions should also adopt the same practice.

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