Track2Realty: CREDAI has urged lawmakers to consider reforms in the real estate sector to boost growth. In an open letter to MPs, Confederation of Real Estate Developers’ Association of India (CREDAI) National President Lalit Kumar Jain said, “Though the government is moving in right direction with bold reforms agenda, much more can be achieved without any controversy or incurring additional cost just by focusing on the housing sector.”
Track2Realty: The acceptance of FDI in multi-brand retail is likely to accelerate building of shopping centres in the country, says Cushman & Wakefield.
Track2Realty: Responding to Finance Minister P Chidambaram’s suggestion for reducing the price of housing stock, Confederation of Real Estate developers’ Associations of India (CREDAI) has asked its 8,000 plus members across the country to seriously consider the proposal to sell in maximum numbers.
Track2Realty Exclusive: The social media is a huge enabler. Even though in India its reach is hampered by three factors: Low PC numbers, lack of electricity and low literacy, it is making its presence felt. How does it affect the real estate sector? Or in other words, how its reach is different to realty vis-a-vis other sectors?
Track2Realty-Agencies: Real estate developer DB Realty today said its subsidiary DB Hospitality is looking to sell stake in proposed hotel project at the Delhi International Airport and discussions are undergoing with potential buyers.
Track2Realty: Dismissing the proposed RERA (Real Estate Regulatory Act) as anti-people, developers’ apex body said the sweeping powers sought to be vested with the Regulatory authority will only increase corruption by manifold, instead of checking the social malady.
Track2Realty: Transparency is the new buzzword now. We would like see transparency in all deals–be it with the authorities and the Governments or at the customer end. As a strategy going forward, we as developers would like to maintain the highest standards of transparency and trust. This is where the MCHI Code of Conduct comes into picture.
Track2Realty: Despite aggressive marketing and great offers made by developers on the eve of Diwali festival, the investment in the property have remained lukewarm due to high prices of houses in and around the NCR region. Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement, labour etc., says the ASSOCHAM survey.
Track2Realty Exclusive: Print advertising, television commercials, outdoors and, of course, events….real estate has done all that it takes to reach to the customers. However, what matters the most has been neglected the most, observes Track2Realty. It is the social power of the buyers and the online reputation management of the developers that will be the game changer in the year ahead.
Track2Realty: You have specialization over energy efficient buildings. What are some of the best practices adopted globally?