Track2Realty-Agencies: Two private equity funds, Citi Property Investors and JPMorgan Chase, have initiated separate arbitration proceedings against BPTP on the grounds that it has failed to provide a time-bound exit for their respective investments in the company.
Track2Realty-Agencies: With an aim to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik the Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a mega realty expo called ‘Shelter’ in the city from December 20-23.
Track2Realty-Agencies: DLF has filed for five patents for inventions that relate to fire safety of its buildings. The company has installed these systems in its commercial buildings, comprising 30 million sq ft, across the country and would do so in future projects as well.
Track2Realty: The total new demand that could be generated for residential dwellings in the period 2012 – 16 will be 11.8 million units across India, says a new report by Cushman & Wakefield. Of the total additional demand, the top 8 cities will be constituting 18% or 2.1 million units across categories. The annual report “Evolving Paradigm – Future Of Indian Real Estate” is in association with Global Real Estate Institute (GRI).
Track2Realty: Lack of infrastructure in Ghaziabad has forced common residents to file PIL against new housing projects. Residents of a housing society in Ghaziabad have approached the Allahabad High Court seeking a clampdown on the Ghaziabad Development Authority (GDA) from approving any new residential project till civic infrastructure works in the city are upgraded to meet the requirements of the population.
Track2Realty-Agencies: The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds.
Track2Realty-C&W: NCR registered absorption of 1.2 msf in Q3, 2012 and which was 14% lower when compared to the previous quarter due to cautious approach by the companies. IT/ITeS and consulting firms continue to be among the largest occupiers taking up spaces in excess of 200,000 sf each across Gurgaon and Noida, says office market report from real estate consultancy Cushman & Wakefield.
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
Track2Realty-Agencies: Over 20 realtors from India will participate in a property exhibition “India U Realty show: Unlock the potential of India real estate” which will bring together high net worth non-resident Indians (NRI) and persons of Indian Origins (PIO) in London to explore investment opportunities in India.
Track2Realty: In most Indian metros, people have reached a point where the word “nature” has become a distant dream which they hope to enjoy on a vacation. All they get to see are tall scrapers coupled with a massive amount of pollution. Children in these cities do not know what it means to wake up to the chirping of birds, or even the view of sunrise. Most of India experiences such encounters with nature. However, people in metro cities are missing out on this special experience.