Track2Realty-Agencies: Overcoming sharp differences, a Group of Ministers (GoM) today cleared the long-delayed controversial Land Acquisition Bill, paving the way for its introduction in Parliament in the forthcoming Winter Session.
Track2Realty Exclusive: Group buying is emerging as a win-win situation for both the buyers and the developers.Track2Realty talks to all the concerned parties in the deal to find that while it saves the marketing cost of the developers and increases the bargain of the buyers, in no way it cuts the role of the intermediaries as well, thus making it the most lucrative marketing model for all in the future.
Track2Realty: Regardless of the state of the economy, associated market sentiments and on-going funding trends, developers need to generate initial capital to successfully launch and complete their projects. Only by doing so can they maintain the kind of churn that makes the real estate development business profitable.
Track2Realty: Jennifer Layke is the Director of Johnson Controls’ Institute for Building Efficiency, a global initiative to provide information and analysis of technologies, policies, and practices in high performance buildings and smart energy systems from a practitioner’s perspective. She leads the Institute’s research agenda and collaborations with a network of global experts on topical areas including commercial building efficiency, smart buildings & the smart grid, green building design, and renewable energy technologies.
Track2Realty Exclusive: While the Vijay Kelkar Committee has strongly advocated in its recommendation to the Central Government that monetisation of the government land can finance the basic urban infrastructure needs, a move in that direction has set the tone for a fresh debate in Maharashtra.
Track2Realty-Agencies: The preferred asset for Indian investors is real estate sector, followed by gold and silver, a survey today said. “The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver,” the survey of PHDCCI said.
Track2Realty-Agencies: Mumbai-based real estate firm Kamla Landmarc Construction is the new owner of the Hyderabad-based IPL team Deccan Chargers. The deal was finalised by Jitendra Jain-promoted Kamla Landmarc and T Venkattram Reddy’s Deccan Chronicle Holdings (DCHL) over the last few days. The size of the deal is yet to be confirmed.
Track2Realty: In wake of stiff resistance from the states over the proposed regulator to safeguards the consumer interest against shady realty deals & delays, the Centre has reportedly decided to allow the states to set up their own grievance redressal mechanism.
Track2Realty-Agencies: Azure Capital, the promoters of India Realty Fund I, launched its India Realty Fund-II (IRF2), a rental yield fund that focuses on commercial properties across the top seven cities of India. The size of the fund is Rs 250 crores with an additional Green shoe option of Rs 250 crores aggregating to Rs 500 crores.
Track2Realty-Agencies: Nearly five years after venturing into telecom and investing over Rs 600 crore, Unitech decided to part ways with Telenor, its Norwegian partner in the mobile venture, paying a nominal Rs 25 crore to settle its messy dispute.