Tata Housing announces its foray in Odisha
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Tata Housing launches phase II of Amantra
Track2Realty: Tata Housing has launched the second phase of its luxury residential development – Amantra. Amantra – Phase II comprises of 565, two and three BHK units, starting at Rs. 5800/- per square feet.
Housing prices rise by up to 9.6% in 18 major cities: NHB
Track2Realty-Agencies: Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during the October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).
Realty needs to create eco system of sustainable advocacy
Track2Realty Exclusive: These are the logical road to reforms and cutting time on approvals. Such a move will go well with the government and thus reinforce the confidence of the buyers also.
FICCI demands industry status for real estate sector in Budget 2013-14
Track2Realty-Agencies: The Federation of Indian Chambers of Commerce and Industry (FICCI) has demanded industry status to be granted to real estate sector in the upcoming Budget 2013-14.
Cluster redevelopment can be catalyst to western suburbs facelift in Mumbai-II
Trck2Realty Exclusive: Western suburbs of Mumbai are bursting at its seams, and its infrastructure facilities are outdated. Draining systems built in the times of the British era are still prevalent in the city. There is a dire need to overhaul this system.
Realty welcomes infra status; market dynamics defy mass housing
Track2Realty: The real estate sector has welcomed the Union Housing Minister Ajay Maken’s move to accord infrastructure status to affordable housing on expected lines. The industry body CREDAI has nevertheless called for extending similar treatment to the entire housing sector again on expected lines. However, the market dynamics defy any dreams of mass housing or cheap housing even for the economically weaker sections.
Realty hopes RBI rate cut to boost housing demand
Track2Realty-Agencies: Real estate industry and property consultants today hailed the RBI’s decision to cut key policy rates, saying that it is a positive step that would boost housing demand and encourage foreign investment in the sector.
Cluster redevelopment can be catalyst to western suburbs facelift in Mumbai-I
Track2Realty Exclusive: Though redevelopment is the buzz word in Mumbai post the new Development Control Rules (DCR), some of the realty analysts are finding it as a short gap arrangement since the supply will be only marginally increased which can’t even meet the ever increasing demand. And hence short supply of the apartment added to the price appreciation will hardly bring any substantial change in the market dynamics of the island city.
Perils plague serious real estate entrepreneurs
Track2Realty: Today there is no entry barrier in the sector for any fly-by-night operator with black money to back his initial pomp and show to lure customers. But for a serious start-up there are many perils that plague. Problem is all the voices are being raised to ease only a section of the developers with often myopic vision with regard to the future of the sector.