Track2Realty: Omaxe and The Intercontinental Hotel Group (IHG) are bringing to the city of New Chandigarh (formerly Mullanpur), a five star hotel “Holiday Inn”. In an exclusive tie-up for a hotel in Omaxe’s integrated township Omaxe New Chandigarh, the company will undertake the construction of the 150-room hotel which will be managed by IHG.
Track2Realty Exclusive: A recent commerce ministry discussion paper highlighted that there is a perception that many developers do not set up the proposed SEZ and continue to hold on to large parcels of land with the intention of benefiting from its alternative usage and land price escalation.
Track2Realty Exclusive: South India has emerged as the hub of IT sector and the main arm of outsourcing business for the US and the UK. With more and more foreign investors looking forward to establish their back offices through the prime locations of South India, the scope of corporate real estate has become immensely high.
Track2Realty: India has been ranked as the second most risk prone location for hosting Datacentre Operations according to the annual ‘Datacenter Risk Index 2013’ survey released by international consultants Cushman & Wakefield in association with hurleypalmerflatt and Source8. The ‘Data Centre Risk Index 2013’ identifies risks likely to affect the successful operation of data centre facilities in the 30 most important global markets.
By: Brotin Banerjee, MD & CEO, Tata Housing Track2Realty Exclusive:…
Track2Realty: Tata Housing has launched the second phase of its residential development – Inora Park. Phase II of the project comprises approximately 100, 3 BHK units, 1400 square feet and are priced starting at Rs. 68 lakhs onwards. Apartments are also available in 2 and 2.5 BHK.
Track2Realty Exclusive: Puniet Singh, CEO, Sherwoods Independent Property Consultants says the latest trend of moving to the outskirts in the vicinity of IT companies benefits individual and professionals to have their comfort nearby with office and home in the same areas. This will expand the horizon of modern living as well. Further the distance from the city allows its residents to stay away from traffic, pollution and congestion.
Track2Realty Exclusive: Many urban planners maintain the genesis of the model integrated township in India lies in Jamshedpur, developed by the TATA Group. However, modern realty analysts maintain no one understands the grandeur of an integrated township better than Jaypee Group due to its locational vantage point and large tract of land bank. The infrastructure major has to its credit state-of-the-art township along the Yamuna Expressway.
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: 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.