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October 11, 2012

Delhi retail rentals rise, South Extension up by 20% and Karol Bagh by 7%: Report

Track2Realty: In NCR’s retail market, the high street of South Extention (I&II) registered a growth of approximately 21% increase in rental values over the previous quarter, followed by Karol Bagh which registered a growth of 7% in the same period. Khan Market, remained India’s most expensive retail destination with a rental value of INR 1,250/ sf/mth which was higher by 2% over the last quarter. These are the findings of the latest report released by Cushman & Wakefield.

Analysis

October 10, 2012

Need for differentiated strategy in design and innovation

Track2Realty: A home is the costliest purchase that an Indian makes. Hence selling a residential property is not an easy task since the Indian customer by nature is very discerning and price conscious.

Company News

RICS, Smart City, Kamal Nath, Urban Development Minister, Ravi Sinha, Track2Media, Track2Realty, Track2Infra India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management

October 9, 2012

Kamal Nath promises collaboration with UK to improve urban infrastructure

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?

Commercial

October 9, 2012

CAIT alleges CCI Chairman has breached sanctity of CCI by favouring FDI in retail

Track2Realty: The Confederation of All India Traders (CAIT) has strongly objected to the reported statement of Ashok Chawla, Chairman, Competition Commission of India (CCI) who has openly favored FDI in Retail.

Company News

October 4, 2012

RICS and CREDAI join hands to promote professional skills in sector

Track2Realty: RICS and CREDAI have joined hands to promote professional skills in real estate and construction. At the 12th National Convention of CREDAI at Barcelona, a joint initiative called “RICS-CREDAI Skills Development Initiative” was announced to address the education and training needs of professionals engaged in the real estate and construction sector in the country.

Reports

October 4, 2012

Report estimates 180 million sq feet of office demand across 8 cities in next 4 years

Track2Realty: Cushman & Wakefield estimates commercial office space demand of over 180 million square feet (msf) in the next five years (2012 – 16) in the top 8 cities of the country. This was released in the annual publication entitled “Evolving Paradigm – Future of Indian Real Estate” in association with Global Real Estate Institute (GRI) at their India Summit 2012. The report also estimates the total expected supply for the next five years in these eight cities as 219. 6 million sqft, basis announced projects and current pace of construction; indicating a condition of excess supply in the coming few years.

Company News

October 4, 2012

Citi Property, JPMorgan initiate arbitration BPTP after time-bound exit failed

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.

Reports

October 3, 2012

Report estimates 2.1 million additional housing demand across key cities in next 4 years

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).

Finance

October 2, 2012

India launches Rs 1,300 crore housing project in Sri Lanka for Tamils

Track2Realty-Agencies: India has launched an ambitious Rs 1,300 crore housing project in northern Sri Lanka to build brand new homes for about 43,000 ethnic Tamil families displaced due to the civil war in the country.

Commercial

October 1, 2012

Everstone ties up with JLLI for retail asset management

Track2Realty: Everstone has tied-up with Jones Lang LaSalle India (JLLI) for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.

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