Track2Realty: In a continuation of the company’s global growth plan, Cushman & Wakefield has entered into an agreement to acquire Singapore-based project management specialist company Project Solution Group (PSG).
The Indian realty sector is facing an acute scarcity of labour as on today. The fast emerging problem will soon drive the realty sector to take to large scale mechanization and what is often referred to as project management. The propensity can be clearly understood based on the premise that the shortage of labour is projected to rise to about 65% mark by the next decade.
Track2Realty: MMRF Realty & Infrastructure has announced the launch of its first two residential projects in Chennai, Sai Enclave, located at Arasankazhani near OMR and Vista Oceana, Padur, OMR.
Track2Realty: Tata Housing has announced the outstanding over-subscription of its newly launched project – Gateway Capital, located at sector 112, Gurgaon. The company claims that for the first time in the history of Indian real estate industry, Tata Housing introduced a unique strategy of selling its units through an IPO-styled concept by floating a range of Basic Sales Price in the market, from Rs.9000 psf to Rs.11000 psf.
Track2Relty-Agencies: Dubai-based private developer DAMAC Properties has said it is launching phase two of a $1 billion project of luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
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-Agencies: In a move aimed at providing a major fillip to the construction sector, the Centre is likely to come up with a ‘single window’ system for the country’s real estate sector soon, Union Minister for Housing and Urban Poverty alleviation (HUPA) Ajay Maken said in New Delhi on Sunday, March 24.
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.
Track2Realty: Puravankara Projects is launching a luxury residential apartment project in Rajajinagar, Bangalore. Located in a prime area of Rajajinagar in central west Bengaluru, the project is just 1.4 km from the city railway station and about 2.7 km from the commercial hub, Majestic bus stand.