Track2Realty: On the occasion of Akshaya Tritiya, Lavasa announced the launch of a new set of elegantly designed apartment blocks at Dasve & Mugaon, the first & second towns in the planned hill city of Lavasa.
Track2Realty Exclusive: In its quest for getting professional and have a facelift, the real estate hired professionals from very many other industries. When the going was good some of these companies even shifted management control at the operational level to these professionals. And just when it seemed that the Indian realty is fast maturing from promoter-driven to professional-driven, the downturn in the last few years exposed the sector to an altogether new reality. Track2Realty noted that churn out at the top of these realty companies has been very high and professional-driven management is not a panacea to the woes of the sector.
Track2Realty: Ramprastha Group has launched much awaited premium residential project- PRIMERA in Sector 37D, Dwarka Expressway. Built to match one’s aspiration, the premium residential project comprises of air-conditioned 3 BHK apartments in two size options.
Track2Realty: Parsvnath Developers has attempted an image makeover with a marketing scheme and new corporate identity which symbolizes transformation, freshness and simplicity. It also announced its strategy and plan for today’s dynamic business environment.
Track2Realty: Tata Housing has made it to the Limca Book of Records 2013 for ‘Mumbai Wallbook’, the lengthiest wall painting activity held in Mumbai on May 20th, 2012. This first of its kind initiative on the theme ‘Design Your Dream City’ witnessed 556 artists coming together, on one platform, to design their dream for the city. Over 15,000 likes and conversations were generated on Tata Housing’s Facebook page a week prior to the event, and other social media platforms successfully engaged enthusiasts that ensured high footfalls at the venue.
Track2Realty: West Indian cricketer Chris Gayle was on Wednesday, May 8, named brand ambassador of Patna-based real estate company, Agrani Homes.
Track2Realty Exclusive: Consumer rights advocate Lakhendra Singh is even more forthright when he says if CCI has to establish its credibility in the collective conscience; it must make its economic analysis more scientific and full-proof. There can’t be different parameters of defining relevant geographic market and product category for different real estate companies. According to him, CCI instead of being seen as an anti-monopoly watchdog and inspiring confidence has, of late, been in the news for consumer activism.
The Indian realty sector is facing an acute scarcity of labour as on today. The fast emerging problem will soon drive the realty sector to take to large scale mechanization and what is often referred to as project management. The propensity can be clearly understood based on the premise that the shortage of labour is projected to rise to about 65% mark by the next decade.
Track2Realty Exclusive: Urban Planning, experts suggest, is based on the three-tier concept of engineering, architecture and social concerns. Each is incomplete without the other. While a city needs its share of road networks, it also needs space for, say drainage and it needs hospitals and schools and blood banks et al. although each city has separate agencies to deal with these needs, a central agency is needed to provide a holistic approach to crisis management and to contain chaos.
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%.