Better eco system needed to check delays
Track2Realty view on project delays The lack of regulations is…
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Right answer to funding missing
“How long can a sector survive which is borrowing at 48 per cent from private lenders to serve the interest of previous debt raised at much lower rate,” asks a banker. His concern is not without valid reasons. Developers experimented with all funding options but still many of them are now being forced to seek other sources of funding which not only comes at a significantly higher cost but also where the source of fund is unregulated.
Why Investment Magnet Report?
In the last five years of our editorial journey our constant endeavor has been to establish Track2Realty as a constructive critic of Indian real estate. In the process we have also succeeded in setting up a few benchmark along the way where Track2Realty has been accepted as the milestone of high quality journalism.
Tokyo and Singapore lead world’s hottest retail markets
Tokyo is the world’s hottest city for new retailer expansion, attracting 63 new retail brands, according to the latest report by global property advisor CBRE, How Global is the Business of Retail?. Space in core areas of Tokyo remain highly sought after despite the mixed signals in the economy and an increase in sales tax of 8% introduced in April 2014.
Common regrets of new home owners
How satisfied are you with the property you’ve bought? There are both satisfied and unsatisfied home owners at large. Sometimes a purchase is made without proper planning and thought – the result is regret.
Realty friendly Land Acquisition Ordinance fails to address larger concerns
Track2Realty Exclusive: Not that Hitender Tyagi of Noida was a prosperous landlord, yet he felt like the one with his small piece of 12 acre of agricultural land. Today this ailing farmer feels like a pauper who was forced to do away with his source of bread and butter as his land was forcibly acquired by the Noida Authority.
Satra Group to invest Rs.1,000 crore in Mumbai in the next 5 years
Track2Realty: Satra Group has announced an initial investment of Rs 1000 crore towards developing real estate in Mumbai. Praful Satra, CMD of Satra Group says the expansion plan for the next 5 years includes developing of a total of 4 mn sqft, delivering more than 1,000 residential units of residential and commercial space.
Government passes Land Acquisition Bill in Lok Sabha
Track2Realty: The Central Government managed to get the amended Land Acquisition Bill passed in Lok Sabha. The ruling dispensation enjoys brute majority in the Lok Sabha and hence had no problem getting the Bill passed through it. This Bill is an amended version of the original Bill introduced and passed in 2013 by the previous government.
Policy ambiguity responsible for keeping environmental concerns and development at loggerheads
Track2Realty Exclusive: In the last few years a perception has gained ground within the built environment of Indian real estate that the environmental concerns are at loggerheads with the development. The collective consciousness seems to have believed that the real estate and infrastructure projects often compromise with the environmental concerns and to make a balance between the inevitable urbanisation and avoiding the natural erosion is not that easy.
Pre-budget expectations of Indian realty sector
Track2Realty: As we move closer to the Union Budget 2015–16, India’s real estate sector is hoping for certain key expectations to get implemented. Following the Government’s announcements of building SMART Cities in the Budget last year, the industry seeks more clarity on the exact definition of one in the Indian context, fund allocations for, and city/Greenfield location identification of such development. The implementation of such ambitions would ultimately result in national wealth creation—to help our cities become sustainable and livable urban centers of growth.