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.
Track2Realty: Despite aggressive marketing and great offers made by developers on the eve of Diwali festival, the investment in the property have remained lukewarm due to high prices of houses in and around the NCR region. Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement, labour etc., says the ASSOCHAM survey.
Track2Realty: The Punjab Deputy Chief Minister Sukhbir Singh Badal showcased on Saturday, Nov 17, prime urban land under the possession of Punjab Government to 137 international and national Real Estate Developers, who assembled in Mumbai under the aegis of Confederation of Real Estate Developers’ Association of India (CREDAI) in a convention organized by them, Punjab land of opportunities.
Track2Realty-Agencies: Canada-based NRI billionaire, Bob Dhillon is considering investing up to $100 million (about Rs 540 crore) in the Indian real estate market and is planning to approach the Haryana Government for developing a township near Chandigarh.
Track2Realty-Agencies: Billionaire Indo-Canadian landlord Bob Dhillon, who is on the Canadian Prime Minister’s entourage currently visiting India, said India can be a developer’s dream because of so many factors. The Japan-born, India-educated businessman also said he “will be the first person to invest in India,” if the country “now goes for the kind of reforms it has just announced for FDI in retail.”
Track2Realty: Bangalore’s metamorphosis from ‘Garden City’ to India’s ‘Silicon Valley’ has been remarkable. The tremendous growth of the IT / ITES Industry has revolutionized the residential real estate and retail markets, and triggered massive infrastructure development. The availability of high quality, large office spaces at sub–dollar rental levels (providing lower operational costs), access to a large skilled workforce, the growth of the retail and residential markets and Bangalore’s cosmopolitan culture have worked in the city’s favour, making it a preferred destination.
Track2Realty-Agencies: Robert Vadra was on Friday, Oct 26, given a clean chit by the Haryana government in the controversial land deals involving him in the state after an official probe concluded that there was no “undervaluation” or loss of revenue to the government.
Track2Realty: Everstone Capital has appointed Rajesh Jaggi as the Managing Partner for its real estate business.
Track2Realty: Former police officer turned activist Y P Singh has alleged that Union Agriculture Minister and Nationalist Congress Party Chief Sharad Pawar was centre of real estate scam. At the same time he criticised Arvind Kejriwal for concealing information about a massive scam in Maharashtra because he was selective about which politicians he targets. He also attacked Kejriwal for his expose against BJP Nitin Gadkari while sparing Pawar.
Track2Realty: Union Minister for Urban Development Kamal Nath has promised to enhance collaboration with UK to improve overall urban infrastructure. He was speaking on Monday, Oct 8, at RICS international conference-Cities 2030: Are we on track?