Time to address urban challenges with holistic approach-VII
Track2Realty Exclusive: India’s urban population will soar from 340 million in 2008 to 590 million in 2030 as estimated. And this urban expansion will happen at a rapid speed.
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Mumbai’s residential market notes mixed sentiments in H1 2013
Track2Realty: Mumbai’s residential segment witnessed mixed sentiments during the first six months of the year. While the city’s leasing market displayed signs of weakness during the review period, the sales market managed to hold its ground with limited capital appreciation in a few locations. These are the findings of CBRE’s latest research report on the residential sector, ‘India Residential Market View H1 2013’.
Developers against linking of home loans to construction stages
Track2Realty-Agencies: RBI has asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of “innovative” housing financing schemes.
Time to address urban challenges with holistic approach-VI
Track2Realty Exclusive: An affordable housing project should be located within reasonable distances from workplaces and should be connected adequately through public transport.
Time to address urban challenges with holistic approach-V
Track2Realty Exclusive: There are few developers who build integrated townships 100 km away in the outskirts of the city which is acceptable worldwide. For example, the city of Milton Keynes which is beautifully crafted township built 100 km far wide from the city of London.
Time to address urban challenges with holistic approach-IV
Track2Realty Exclusive: There is no clear-cut definition of the term ‘affordable’, as it is a relative concept and could have several indirect meanings in different contexts. In India, private developers primarily target luxury, high-end and upper-mid housing segment, since it fetches a premium over low income housing. This leads to a sustained supply for this segment, increasing market competitiveness for developers.
Godrej Properties adds a new project in NCR
Track2Realty: Godrej Properties has entered into a development agreement with Oasis Buildhome to develop a 13.76 acre property situated on Northern Periphery Road (NPR) in Sector 88A/89A, Gurgaon. The project will be developed as a premium residential group housing project and is expected to offer 1.2 million sq. ft. of saleable area.
Outlook for infrastructure sector remains negative for H2 ’13-India Ratings
Track2Realty: India Ratings & Research (Ind-Ra) maintains a negative outlook on the infrastructure sector for H213, largely due to unfavourable macro-economic variables and project level stresses.
DLF sells its 74% equity stake in its Insurance JV
Track2Realty: DLF Ltd has signed definitive agreements to sell its 74% equity stake in its the Life Insurance Joint Venture – DLF Pramerica Life Insurance Company Ltd, a joint venture with Prudential International Insurance Holdings Ltd (“PIIHL”), a subsidiary of Prudential Financial, Inc USA “PFI” to Dewan Housing Finance Corporation Ltd (“DHFL”) & its group entities.
Time to address urban challenges with holistic approach-III
Track2Realty Exclusive: As corrective steps we need to form a regularized official body to maintain consistency and transparency. There were only two cities in the world which were over populated and this has gone up to 29 cities with dense population in past one decade.