Track2Realty: The month of October saw the government easing Foreign Direct Investment (FDI) norms to boost India’s construction sector. The announcement is expected to widen the sector’s investor-base by allowing FDI in smaller projects of 20,000 sq. m. instead of 50,000 sq. m. from firms with capitalization of US$5 million instead of US$10 million.
Track2Realty: Maitreya Realtors and Constructions and A.R.C., an association of Real Estate Consultants have entered into an strategic alliance. For Maitreya Realtors, this strategic tie-up with A.R.C. is a significant beginning to maximise the potential of development in Nashik and serve interests of all the stakeholders i.e. real estate players, real estate consultants, business community as well as the masses at large.
Track2Realty: In financial circles, the terms real estate investors and real estate speculators are used to refer to people who are buying property to make a profit, rather than for personal use. Though the two terms are often used interchangeably, they are not exactly the same. Nevertheless, even veteran financial specialists tend to get mixed up between the two.
Track2Realty: A few years back, Hyderabad was offering the likes of Bangalore stiff competition for attracting office space investments. Today, the formation of a new state, a new government and a stabilized political environment are yet to instill the confidence that is needed to revive Hyderabad’s real estate fortunes.
Track2Realty: M3M India has announced its business partnership with Miele, Germany’s premium manufacturer of high-end domestic built-in Kitchen appliances and commercial equipment. Redefining your living experience, this association is exclusively for M3M India’s ultra-luxury project ‘M3M Golf Estate’.
Track2Realty Exclusive: Noida real estate market seems to be marching ahead of the ‘built to suffice’ format and the discerning buyers in this part of the world are increasingly leading the developers to customise the projects and even the individual apartments as per their needs and fancy. What has been the prerogative of only the handful of the buyers in the luxury segment is today a reality across the residential segments of Noida market.
Track2Realty Exclusive: Navratra is all about nine days of festivities with 10th day being celebrated as Dussehra, which means end of 10 evils. In terms of its significance for real estate market which has weathered many challenges borne out of bearish macro-economic sentiments leading to slow sales, squeezed funding and inventory hangover, this Navratra seems to be the turnaround time.
Track2Realty-Agencies: Seeking ‘out of the box’ ideas from the real estate sector for affordable housing, the Government on Wednesday, Oct 1, said it will consider recommendations for investing insurance and pension funds in the sector.
Track2Realty: US-based realty firm Hines has announced a tie-up with a global fund to invest US$ 250 million (over Rs 1,500 crore) in various housing projects in India.
Track2Realty: The draft guidelines for trading in REITs in India have been introduced and allowed. For the very first time, there exists a tool to channel small savings into the Indian real estate sector. Not surprisingly, several owners of income-generating properties are now considering setting up REITs.