Everstone ties up with JLLI for retail asset management
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.
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Government may relax lending norms for cash-strapped realty sector
Track2Realty-Agencies: The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds.
Report says NCR office absorption drops over last year
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.
Delhi Government clears property deals in 312 unauthorised colonies
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.
70 Indian realtors to participate in Times Realty India 2012
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
Realtors hope to revive fortunes with property show in London
Track2Realty-Agencies: Over 20 realtors from India will participate in a property exhibition “India U Realty show: Unlock the potential of India real estate” which will bring together high net worth non-resident Indians (NRI) and persons of Indian Origins (PIO) in London to explore investment opportunities in India.
Gopal Raheja approached Court against son’s alleged attempt to usurp business
Track2Realty-Agencies: Gopal L Raheja, the real estate tycoon of Mumbai, has filed a petition in the Bombay High Court, accusing his son of attempting to ‘usurp’ his entire business. This is the second family feud in Indian realty business after ugly public spat in Hiranandani family.
More Indians buying homes abroad, particularly in U.K.
Track2Realty-CRIENGLISH: In a country where majority of the people do not have decent homes and the volume of sales of housing units in Indian markets is under pressure,a growing number of Indians are keen to buy homes abroad, particularly in the United Kingdom.
Using residential property for commercial activity
Track2Realty: In cases where zoning laws and the co-operative housing society in question permit it, there can be cases where running a business from home is viable. Doing so can save on the cost of renting or purchasing a commercial space. It also saves on the cost of commuting to and from work as well as on many operational costs.
Investing in gold more profitable than real estate: Assocham
Track2Realty-Agencies: Investments in gold have yielded higher returns compared to those in equity and real estate in India during the last three years, according to a study.