Search Results: goa (281)

Policy Indian Flag, Indian Independence, Independence Day, Freedom At 75, India's Urban Policies, India's Housing Policies, Indian Urbanisation

India’s tryst with urban housing since independence

India’s urban housing today could at best be described as a soda bottle syndrome where the constant rural push to the select few urban centers could explode at any given point of time. It is not that the policy makers are unaware with the growing population and its dependence over the metro cities. As a matter of fact, when the country’s first planned city, Chandigarh, came into existence as a horizontal city that could cater as the capital of both the Punjab and Haryana State, it seemed to be independent India’s first tryst with organized urban planning in general and its housing solution in particular.

Editorial Abhishek Kapoor, Puravanakara, Provident Housing, Ashish Puravanakara, Puravankara Share Price, Puravankara Stocks

Corporate governance fundamental framework to guide Puravanakara: Abhishek Kapoor, CEO, Puravankara Limited

Corporate governance is a core principle that cuts through the entire value chain of Puravankara, claims Abhishek Kapoor, CEO of Bengaluru-based company. In an exclusive interview with Track2Realty, he shares how transparency, integrity and respect are central to the company’s internal and external stakeholder relationships. Puravanakara has also established a strong ESG framework that guides the decisions as a business and a responsible corporate citizen. Excerpts of the interview:

Company News Ashish Puravankara, Puravankara, Purva Asset management, Purvankara AIF, Puravankara Alternative Investment Fund, Real Estate Funding Gap

Puravankara announces first close of INR 750 crore Alternative Investment Fund

Puravankara has closed its targeted AIF (Alternative Investment Fund) of INR 750 crore (including a green shoe option of INR 250 crore). The company targets the final close of the Fund by September 2022. The Fund will invest in a mix of plotted developments and mid-sized mass housing projects under the ‘Purva Land’ and ‘Provident Housing’ brands.

Consumer Connect Real Estate Price Escalation, Real Estate Price Hike, Input Cost Hike, Real Estate Caramelisation, Cement Caramelisation, Steel Caramelisation, Raw Material Caramelisation, CREDAI, NAREDCO

Sustaining public posturing on construction halt a tricky affair

Just when the real estate industry bodies had firmed up their public posturing to halt construction with allegation of cartelisation by the cement & steel producers, there was uneasiness at the developers’ end. Many of them had their back of the envelope calculation as to whether the construction strike would actually help or hurt the business. Track2Realty tries to get into the depth of the issue.

Consumer Connect Strategy Trap, Narrative Trap, Real Estate Narrative, Union Budget, Union Budget 2022-23, Finance Minister, Nirmala Sitharaman

Has real estate fallen into its own “All is Well” trap?

A TV debate after the Union Budget 2022-23 caught one of the IPCs (Independent Property Consultant) off guard when the anchor categorically blamed him for real estate not getting its due with the budget. In his defence he could only argue that it is not about one specific report but all the industry reports are guilty of creating such a goodwill for the sector. The satisfactory voices were so profound that the policy makers too found the business capable of self-sustaining without any fiscal incentives.

Consumer Connect Real Estate 2022, Property Market 2022, Home Buyers 2022, Housing Market 2022, Real Estate Trends, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News

“What if” buzz word of home buyers in 2022

2022 won’t be an easy year for the average Indian home buyer in terms of making a conscious decision of buying a house. The fundamentals of the market and macroeconomic outlook indicates 2022 could be even more challenging than 2021 for more than one reason. The rising input cost of construction has put a serious question mark over the feasibility of the business in a price sensitive market. Many of the developers with thin profit margins are facing a catch-22 where the input cost hike is compelling for escalation but the demand side is not ready to absorb the hike.

Reports Wellness & Housing, Housing & Wellness, Green Homes, Green Buildings, Housing & Mental Health

India an emerging market for wellness real estate

This raises a fundamental question as to whether wellness is possible only with the luxury housing or affordable housing too can incorporate it. Within the built environment of the Indian real estate it is generally accepted that wellness is an aspiration concept but it can be incorporated into affordable housing as well. This would require focusing on some of the key elements right from the planning stage. Some of the real estate companies with international exposure are now working towards cutting down their carbon footprint apart from focusing on the other aspects of wellness.

Policy Supertech Emerald Court, Supertech Twin Towers, Supreme Court Orders Demolition of Supertech, Supertech Fraud, Supertech Cheating, Noida Property Market, RK Arora, Mohit Arora

Supreme Court demolition order against Supertech twin towers won’t change market realities

A closer look at the way the sector operates indicates that the ground realities are different than what is being anticipated post this historic judgment. The Supreme Court order has hence raised more questions than settled the answers that could goad the sector to best practices in the business. The court order touches upon some of the grey areas like “long & expensive legal battle” that the buyers have to go through. It nevertheless doesn’t offer any solution for the same. The fact remains that the long & expensive legal battle is the primary cause of home buyers’ suffering in silence at the hands of the builders.

Network Axis Lake City, Axis Corp, Aditya Kushwaha, Goa Real Estate, Goa Property Market, Goa Luxury Property

Axis Ecorp forays into commercial plots segment with Axis Lake City

Located in Dodamarg, Axis Lake City is barely 35 KMs away from Panjim city centre. It is also just 18KMS away from the prestigious MOPA airport, which is expected to be operational by 2022. Spread across 12 acres, the project offers commercial plots in the size of 150 square meters, with state-of-the-art infrastructure and facilities. The size of the project is INR 40 crore and it is expected to be completed by 2023.

Headlines Real Estate in 2021, Real Estate in Tier II & III Cities, Property Market in Covid Times, Price Crash After Covid, Work From Home, Holiday Homes After Corona

Will Covid-hit 2021 lead real estate into Tier II cities?

The cost of doing business per square feet has always been challenging in the top 10 cities of India. The ever increasing migration for jobs in these cities have made the housing affordability even bigger challenge. Critics are not cynical when they question as to what extent and till when these cities will continue to be filled up like a soda bottle. Aren’t our metro cities on the verge of a population blast? Come 2021 and Track2Realty analysis believes the infamous Coronavirus in a strange way has shown the way forward.

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