Any hope for commercial realty with interim budget?
Bottom Line: Come budget and all discussions and debates around…
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Sobha strengthens its best practices, Embassy jumps into top 3
In the second edition of evaluating the best practices being followed in the Indian real estate, Bangalore-based Sobha Limited has yet again maintained its leadership position. As a matter of fact, it has improved its performance, compared to first study with Track2Realty best Practices Report 2017.
Interim budget & feasibility of realty appeasement
With criticism ranging from alleged corruption in the defence deals to slow moving economy, the government that came to the power with these two major planks of fighting corruption and accelerating the economic growth is under pressure. The government is, therefore, left with no option but to present a budget that gives a feel good factor.
Office leasing touches 50 million square feet in 2018: Colliers
Gross leasing activity is recorded at 50 million square feet in 2018, highest in last eight years driven by buoyant leasing in Bengaluru and NCR. Compared to the previous year, gross leasing increased by 17% as occupiers continued to expand and consolidate. The top 3 sectors contributing to gross leasing were IT-ITeS with 43%, flexible workplaces with 14% and BFSI with 12% share.
NAREDCO presents its pre-budget memorandum to the government
National Real Estate Development Council (NAREDCO has requested Government to address the key concerns of the real estate industry and home buyers, offer tax incentives across housing segments and boost buyer’s confidence through a slew of measures in the upcoming interim Union Budget 2019-20.
Growing incidence of fires in Mumbai high-rises
It would be pertinent to note that raging infernos spared no one – be it rich or poor, residents of newly-built high-rises or the squalid slums, all fell victim to the scourge of flames which enveloped their structures, turning their cherished homes into death traps.
Quality talent not attracted to real estate
Young qualified professionals either do not opt for the sector, and even when they do so, they find it hard to continue in a business where the eco system is all about probability and uncertainty; forget about the lack of work culture. And hence, in most of the corporate offices of the developers it is easy to find old and grey-haired people than the vibrancy of the young work force.
Adani forays in Pune with luxury residential project
The project named Atelier Greens, focuses on offering lifestyle beyond the carpet area, drawing inspiration from making spaces where art of living grows naturally.
Are assured returns ponzi schemes?
Track2Realty approached to a number of real estate developers who are offering assured returns. Though all of them refused to speak ‘on record’ but privately they admit that their assured returns have failed due to market dynamics than intentional cheating.
Shapoorji Pallonji’s ‘Joyville’ enters NCR with Gurugram project
The Shapoorji Pallonji Group has announced its entry into National Capital Region (NCR) with the launch of its first residential project under the aspirational housing brand ‘Joyville’ in Gurugram (Sector 102). This is the fourth project under Joyville brand following Kolkata, Virar and Pune, respectively.