Track2Realty Exclusive: While the Vijay Kelkar Committee has strongly advocated in its recommendation to the Central Government that monetisation of the government land can finance the basic urban infrastructure needs, a move in that direction has set the tone for a fresh debate in Maharashtra.
Track2Realty: In terms of planned urban growth, the evidence for real estate development being backed by the creation of associated physical infrastructure is higher in Noida and Greater Noida. Gurgaon and Faridabad are at the opposite spectrum, where infrastructure is developed after the real estate potential of an area has been nearly fully exploited. In other words, infrastructure projects in these areas is largely taken up only after an area is already primed for real estate growth. Even so, Gurgaon has seen the maximum capital appreciation for investors and end users.
Track2Realty: DLF on rejected activist-turned-politician Arvind Kejriwal’s allegations of corruption in the business dealings with Robert Vadra, saying the Sonia Gandhi’s son-in-law bought flats from the company at prevailing market rates. The company also clarified that no unsecured loans were given to Vadra.
Track2Realty: The Confederation of All India Traders (CAIT) has strongly objected to the reported statement of Ashok Chawla, Chairman, Competition Commission of India (CCI) who has openly favored FDI in Retail.
Track2Realty: Stung by allegations of corruption from social activist Arvind Kejriwal, real estate major DLF on Saturday, Oct 6, vehemently denied it had advanced any unsecured loan to Congress chief Sonia Gandhi’s son-in-law Robert Vadra.
Track2Realty-Agencies: Two more entities have received market regulator SEBI’s approval to set-up Alternative Investment Funds (AIFs), a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds.
Track2Realty-Agencies: The Centre is ready with an ambitious plan to sell surplus government land to generate cash to ease financial pressures, as suggested by the Vijay Kelkar Committee on fiscal consolidation. A Cabinet note prepared by the Finance Ministry within days of the Kelkar Panel submitting its recommendations says that proceeds from the sale or lease of surplus land, seen as a non-performing asset, would be used only to repay loans or create capital assets that will generate recurring revenue.
Track2Realty: Everstone has tied-up with Jones Lang LaSalle India (JLLI) for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad.
Track2Realty-C&W: NCR registered absorption of 1.2 msf in Q3, 2012 and which was 14% lower when compared to the previous quarter due to cautious approach by the companies. IT/ITeS and consulting firms continue to be among the largest occupiers taking up spaces in excess of 200,000 sf each across Gurgaon and Noida, says office market report from real estate consultancy Cushman & Wakefield.
Track2Realty-Agencies: Delhi Government on Wednesday, Sep 26, issued directions to allow sale, purchase and registration of property in 312 unauthorised colonies built on private land. These were among the 895 colonies regularized early this month.