Track2Realty Exclusive: Developers have also been trying to get the government to introduce the concept of single window clearance. It is common knowledge that time taken to grant approvals directly affects property prices. It has been found that delays in approval processes alone increase sale value of houses by 40%.
Track2Realty: Godrej Properties signs a development management agreement for a project on Whitefield Main Road. The agreement is with United Oxygen Company Private Limited to develop their property situated near Hoody.
Track2Realty: When the Reserve Bank of India made the announcement of allowing External Commercial Borrowing (ECB) in affordable housing, including slum redevelopment, there was an optimism and euphoria that cheaper money coming into the much-needed segment of real estate would redefine the property market in general and in the process help the country meet the housing shortage.
Track2Realty Exclusive: While the concept is being touted as the next big thing for the realty industry, there are both pros and cons to be weighed with integrated townships. There, of course, is the flip side too. Long gestation periods for these projects to take off and reluctance on the part of people to move to an isolated location are challenging from the developers perspective.
Track2Realty-Agencies: Government has said on Friday, April 26, that complaints were received against 27 real estate firms across the country for alleged forgeries and dubious investment schemes, out of which 18 are being probed by different regulatory and enforcement agencies for further action.
Track2Realty Exclusive: Realtors rue that in spite of all the scrutiny, even today realty does not have the right formula. The issue is not to go public or whether the people who have already gone public are right or wrong. The issue now is if while going public, there is a solution where the actual value is derived on the basis of how other industries value themselves? Only then it makes financial sense to go public as the sector has seen successful IPOs also.
Track2Realty Exclusive: The realty market has been pretty exposed to the greedy investors and vulture funding, not venture funding. In desperation the developers often lost track of what kind of funding was required and met with the disaster. Amidst the cyclic very high and very low there has been off balance debt-equity ratio as well. Of late, some developers tried within the box and some outside it. The needs and solutions are different for listed and unlisted companies. Still the sector is in search of right funding mechanism and as Track2Realty finds, are guinea pigs in the funding market.
Track2Realty Exclusive: Mumbai, while being known for its ability to provide a livelihood for one and all, is infamous for having the highest population density in the world: close to 30,000 people per square kilometer, about three times that of Delhi.
Track2Realty-Agencies: After weeks of hectic negotiations, the government on Thursday, April 19, has managed consensus on the crucial Land Acquisition and Rehabilitation and Resettlement Bill, paving the way for its consideration and passage in the second half of the budget session of Parliament beginning April 22.
Track2Realty: The NCR residential market witnessed a dip in project launches in H2 FY13 compared to H2 FY12. Greater Noida witnessed the highest number of launches in H2 FY13. Majority of these projects are located on the Yamuna Expressway and fall in the affordable segment.