43-54 billion REIT eligible commercial property in India
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Innovative funding may work in Indian realty
Pranay Vakil: Kruti can you give some examples of innovative funding for the benefit of the panel? It is just to prove a point about how innovative that funding has been.
India recommits to building a sustainable future
The annual campaign has been supported by over 75 Green Building Councils (GBCs), plus partners, hosting over 100 events around the world to spotlight solutions to industry stakeholders for a resilient and decarbonised built environment. By REDUCE, it aims at improving energy efficiency and minimise energy use; by ELECTRIFY, it aims at shifting to electricity for essential functions and ensuring electricity generation is from low-carbon sources such as renewables; and, by ADAPT, it aims to ensure the built environment is capable of withstanding the impacts of climate change.
Maharashtra RERA judgment has potential to change housing market
Maharashtra RERA has recently given a landmark judgment that every State RERA should follow. MahaRERA makes it mandatory for real estate developers to mention delivery date of amenities and occupation certificate. Track2Realty finds that amenities delivery has been a bone of contention between builders and home buyers across the country. MahaRERA has said that now onwards real estate developers must specify the proposed date by which project amenities and Occupancy Certificate (OC) will be delivered.
Is there any custodian of due diligence in Indian housing?
Housing project is approved by the government agency; RERA; and banks & financial institutions! Shouldn’t this be enough to instil confidence of the home buyers that the housing project is safe to invest? How could otherwise a builder with poor execution capabilities or fiscal imbalance cross the three eyes of scrutiny and dodge the bullet at each and every level of checks & balances? Track2Realty questions as to who is the custodian of due diligence in the housing market?
Experion Developers launches ‘Experion Elements’ in Noida
The project comprises two towers that symbolize the fusion of past and future. Experion Elements claims to incorporate advanced smart building technology and sustainable practices, such as a low-density design to minimize its ecological footprint. The project aims to balance sustainable geography with cutting-edge architecture, offering a tranquil living environment with diverse plant life, intricate raindrop patterns, and serene water features.
7 years of RERA; 7 unaddressed questions
It was conceptualised to clean the opaque ecosystem of Indian real estate; was touted to be the biggest reform of the sector; and expected to enhance the home buyers’ confidence index. But seven long years after the enactment of the Real Estate Regulatory Authority (RERA), it has still not evolved as a stamp of trust for the harassed home buyers. RERA’s tryst with trial & error has not only dented the confidence of the home buyers but also lent credence to the perception that complaint with RERA rather gives an edge to the builders. After all, RERA has been relegated to be the balancing act for both the builder and the buyer. A Track2Realty analysis.
Labour shortage a perennial problem of Indian real estate
Ram Kirpal is a construction worker in Noida. However, this daily wage earner is not a regular employee or even contractual worker with any real estate company or contractor. He goes back to his native place, Purnea in Bihar, on each harvest season and agriculture continues to be his main occupation. He works on construction sites in Noida only when there is no agricultural work back home. He is part of the bigger problem that the Indian real estate faces – labour shortage! A Track2Realty report.
Provident launches Manchester townhouse-style residences – Deansgate – in Bengaluru
In a highly competitive property market of North Bengaluru, Provident Housing in its quest to raise the bar has experimented with Deansgate, a Manchester townhouse-style residences. Track2Realty reviews as to whether this theme-based project could make a market differentiator.
Sector parroting old demands; Union Budget expected to make political statement
The Union Budget this time would be the last full budget ahead of the General Elections due next year. The real estate sector is yet again parroting the old demands, with the only difference being that the concerns of the home buyers too finds a place in their wish list. The developers have come to realise that the home buyers can no longer be ignored as they are the most necessary in the real estate business cycle.