Track2Realty: Supertech has tied up with Disney India for Disney inspired interiors and exteriors at their proposed residential project, Fable Castle, part of an integrated township, Golf Country, located at Yamuna Expressway, Greater Noida.
Track2Realty-Agencies: Chennai-based real estate firm Real Value Promoters Private Limited plans to raise Rs 100-200 crore from private equity (PE) players for its projects.
Track2Realty-Agencies: After making her foray into cricket with IPL Rajasthan team, Shilpa Shetty is once again entering a field dominated by men – real estate development. The actor has launched a company, Groupco Developers, in partnership with her friend and first generation entrepreneur Hem Tejuja, to develop housing projects in collaboration with land owners across the country.
Track2Realty Exclusive: Manoj John, VP, Corporate Planning & Strategy, RNA Corps maintains there is a correlation between cost of FSI and the nature of development that is viable given the high cost of land with limited development potential. If more can be built on the same land, the cost of land attributable to the project, which is as high has 50 to 80 per cent of project cost would come down. Hence, it would be viable for the developer to build residential projects at lower cost and hence make it more affordable.
Track2Realty: The NCR chapter of realtors’ body CREDAI said on Saturday, April 13, it will direct developers to disclose both saleable and carpet area in their brochure and is considering measures to regulate brokers who are engaged in mis-selling projects. It also claimed to put a check on the secondary sell by speculators.
Track2Realty Exclusive: For quite some time the developers in Mumbai were making pitch for the review of FSI in the city which they termed as archaic. Their grouse has not been lacking the merit also.
Track2Realty Exclusive: Objective analysis of all risk factors helps in proper selection of developer which mitigates completion risk and developer risk. Most of the investments involve creation of Special Purpose Vehicles (SPV) and provision of controls to REPE funds at SPV level by virtue of their financial investment.
Track2Realty: Godrej Properties has launched its ultra-luxury residential project, Godrej Platinum, in Alipore, Kolkata. Spread over approximately 1.4 acres, this project will have only 35 luxurious homes. Apartment sizes range between 3,762 sq. ft. per apartment and 5,075 sq. ft. per apartment with an average ticket size of INR 10 crores per home.
Track2Realty: Godrej Properties has launched Phase III of its residential project, Godrej Summit, near Dwarka Expressway, in Sector 104, Gurgaon. The new phase consists of a total saleable area of approximately 2 lakh sq. ft. Customers can choose from 3 BHK, 4 BHK, and penthouse apartments ranging in size from 1,712 sq. ft. to 4,925 sq. ft.
Track2Realty Exclusive: A festive spirit only adds to the buyers’ sentiments in the property market. It can not be catalyst to new sales if the sentiment in general is low, as has been evident in the property market of Mumbai in the last 3-4 years due to general slowdown and other macroeconomic subdued indicators. However, if the sentiments are bullish a festive season can turn out to be catalyst to market revival as well. That is very much expected in the Mumbai property market this time around, thanks to the change in the overall outlook.