Track2Realty: Raising an alarm against rampant unauthorized construction in Raigad district, developers’ body MCHI-CREDAI’s unit has appealed to the authorities to take immediate action against errant people and save gullible home buyers from falling into a trap.
Track2Realty: The demand for office space is likely to increase to 30.5 million sq ft this year, global real estate advisor DTZ said.
Track2Realty Exclusive: The concept of city-states is centuries old. Ancient Greek cities of Athens, Sparta and Thebes were known to be poleis (singular polis) and what set them apart from their ‘non-poleis’ neighbors was these were self-governed and autonomous city-states. Relevant examples in today’s modern world are Singapore, Vatican City and Monaco.
Track2Realty-Agencies: 45 people have died, over 50 are injured, and 20 people are still missing as rescue workers continue to cut through the mangled steel and concrete remains of a seven-storey building which collapsed on Thursday evening, April 4, in Mumbai suburb Thane.
Track2Realty: Godrej Properties through its wholly owned subsidiary, Godrej Projects Development Private Limited (GPDPL), has signed a Development Agreement to redevelop a private society, Sunder Sangam Cooperative Housing Society Limited, situated at Malad West, Mumbai.
Track2Realty: Godrej Properties has through its wholly owned subsidiary, Godrej Redevelopers Mumbai Pvt. Ltd. (GRMPL), entered into a development agreement with the Sahakar Nagar Vibhag- II Federation, to undertake a residential redevelopment project, of 200 tenements, in Sahakar Nagar – II, Chembur, Mumbai.
Track2Realty-Agencies: While the promoters of realty firms in India are wary of selling stake and instead choosing institutional placement programme (IPP) over share auction to bring down holding to comply with regulatory norms, Bangalore-based Puravankara Projects has also plans to raise around Rs 450 through IPP route.
Track2Realty Exclusive: It has been whispered in the real estate circle for quite some time, something that made the Delhi-NCR developers of office space smiling and their Mumbai counterparts worried. Amidst these MNCs and corporate looking forward to set-up their offices in India were wondering whether to go with the conventional wisdom of opting for the financial market of India or innovate with the new emerging financial centres in Delhi-NCR in general and Gurgaon in particular.
Track2Realty: The February 2013 ComScore report released recently has declared MagicBricks.com as emerged as the No 1 Property Portal on all traffic metrics of audience measurement in its report. ComScore is the internationally recognized media metric tracker for internet portals.
Track2Realty: Heralding the entry of super specialty Nova Hospital into Pune, Kumar Urban development Limited (KUL) has signed an agreement with the former for a Build-to-Suit (BTS) project.