Track2Realty: The definition of affordable means different for different people depending on the socio-economic class, income levels etc. In India, the term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership.
Track2Realty Exclusive: If consistent rental market is a tool to analyse the true growth potential of the given property market, then Pune is probably the most resilient market. Rental index is often used to assess the demand and supply indicators as and when there is an affordability issue borne out of macro-economic indicators.
Track2Realty: Sentiment around Indian real estate among both domestic and international investors has improved in recent times, following the election of a new government and also on account of an upturn in consumer demand, says theEmerging Trends in Real Estate® Asia Pacific 2015 report, published jointly by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).
Track2Realty Exclusive: FICCI has recently released Real Estate Sentiment Index for Q3-2014. The report is also supported by sensitive data being put forth by one of the world’s leading independent real estate consultancy, Knight Frank. The index or a very formal survey conducted by the joint efforts of these two independent organizations revealed a lot about Indian realty market.
Track2Realty Exclusive: Prayag Damodar returned to the home town Ahmedabad after having spent 14 long years in the Gulf region where the only option of living has been high rises and skyscrapers. He had developed the liking for such vertical living so much that he had a feeling of missing that sky high living back home as the prevailing housing culture has been standalone residential units when he left the city.
Track2Realty-Agencies: News Corp has acquired a major stake in an Indian digital real estate company, continuing the company’s aggressive expansion into attractive early stage markets around the world.
Track2Realty: A high-rise is a tall or multi-storied building equipped with elevators, but various bodies have defined the term ‘high-rise differently. For instance, the International Conference on Fire Safety in High-Rise Buildings pessimistically defined a high-rise as a structure where height can seriously impact evacuation, while the Shorter Oxford English Dictionary merely refers to high-rises as buildings having many stories.
Track2Realty: Ahuja Constructions’ Prasadam, a residential township at Ambernath (East) has launched its new phase,‘Vrindavan’. It is an integrated township sprawled over 40 acres, aimed at promoting the concept of community living. It has over 5 lakh sqft of landscaped gardens and caters to the varying needs of buyers, offering 1, 2 and 3 BHK apartments.
Track2Realty: Affordable housing is not only essential to the well-being and health of the people but also for the smooth running of economies. Yet all over the globe, in advanced and developing economies alike, a majority of the cities are struggling to give their citizens decent, affordable housing.
Track2Realty-Agencies: The Delhi High Court on Friday, Oct 10, dismissed DLF Home Developers Ltd’s plea questioning whether CCI had the jurisdiction to probe allegations of anti- competitive practices against it in respect of its residential projects in Gurgaon.