Old urban cities’ date with destiny for makeover-IV
Track2Realty Exclusive: Some analysts maintain that the government needs to understand that in order to meet the infra needs we are left with no option but to transform the city.
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Old urban cities’ date with destiny for makeover-II
Track2Realty Exclusive: What are the challenges for redevelopment of a project in the urban centres? Ram Makhecha, Director, Vakratunda Group believes 80 per cent of the buildings in a city like Mumbai are dilapidated. Most of the other 20 per cent new buildings are better because that got constructed under the redevelopment scheme in recent years.
New Delhi moves up from 9TH to 5TH position in the list of world’s mosr expensive office markets
Track2Realty: India continued to feature in the list of World’s most expensive office markets, with New Delhi (Connaught Place – CBD) moving up from 9th position to 5th position (with an overall occupancy cost of US$ 183.30)according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs survey.
Green buildings are not necessarily expensive: Jennifer Layke
Track2Realty: When you look at the developing market, where the cost of construction is a huge issue and most of the realtors are mid sized developers. What are the suggestions you would like to give them so that they can adopt more and more energy efficient buildings?
US group Portman Holdings invests in Tata Housing project
Track2Realty: Tata Housing has got an investment by Portman Holdings into its luxury housing project “The Promont” in Bengaluru. This is the first private equity funding for a Tata Housing project.
Equinox launches ‘Villas in the Sky’
Track2Realty: Equinox Realty, the real estate arm of Essar Group, has launched apartments in its 40-storey Waters Edge residential tower project in Hebbal, Bangalore. Named ‘Villas in the Sky,’ these residences are luxury four-bedroom apartments sold on invitation only, equipped with a private pool, jacuzzi and premium interior specifications.
Cushman & Wakefield opens office in Philippines
Track2Realty: Cushman & Wakefield has expanded into the Philippines with a new office in Manila, its 5th new office in Asia Pacific so far in 2012.
Rajesh Jaggi joins Everstone as head of real estate business
Track2Realty: Everstone Capital has appointed Rajesh Jaggi as the Managing Partner for its real estate business.
Need for differentiated strategy in design and innovation
Track2Realty: A home is the costliest purchase that an Indian makes. Hence selling a residential property is not an easy task since the Indian customer by nature is very discerning and price conscious.
Jones Lang LaSalle to raise first realty fund in India
Track2Realty: Jones Lang LaSalle (JLL) recently got the green signal from SEBI to launch its first residential focused fund in India. It plans to raise $57 Mn.