Track2Realty-Agencies: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Track2Realty Exclusive: While the concept is being touted as the next big thing for the realty industry, there are both pros and cons to be weighed with integrated townships. There, of course, is the flip side too. Long gestation periods for these projects to take off and reluctance on the part of people to move to an isolated location are challenging from the developers perspective.
US-based investment firm Xander Group will invest Rs.240 crore in construction and civil engineering major HCC Infrastructure.
Riding on the realty upswing in Pune Puranik Builders has launched Aldea Espanola (phase II), a housing complex conceptualized in completely Spanish style of architecture and interiors.
With the government planning to invest a trillion dollars in the infrastructure space during the 12th Plan period, leading Japanese mutual fund house Daiwa is betting on the sector with a long-term view in mind.
The government Friday said it is committed to providing affordable housing to all and that work is underway on a real estate regulation bill.
Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or heavyweight HNIs could invest in.
In view of the farmers agitation in Greater Noida, the surface transport ministry is learnt to have taken a u-turn from its earlier stand of facilitating land acquisition for both infrastructure development and real estate projects.
Nearly four years back when the real estate market was at its peak all the developers tried to diversify into other greener pastures.
The Confederation of Real Developers Association of India has said the Government could consider a scheme along the lines of the First-Time Home Buyer Tax Credit allowed in the US with the benefits going directly to the consumer.