Track2Realty-Agencies: Reliance Communications will spin off its real estate business into a separately listed unit, a move the country’s third largest mobile phone carrier by customers said was to focus on its core business.
Track2Realty Exclusive: Green building is something that is being over marketed in the Indian real estate. However, while the serious developers have realized its benefits, including fast return on investments, consumers’ literacy on the benefits of paying extra for long term low-maintenance is relatively low.
Track2Realty Exclusive: Social activist Medha Patkar has rather questioned the need of SEZs and acquisition of such huge tracts of land. Referring SEZs as “pervert corporate projects” Patkar points out that the Maharashtra Industrial Development Corporation (MIDC) had about 80,000 acres of unutilised land – information unearthed through the Right to Information Act.
Track2Realty Exclusive: Several factors such as multinational entrepreneurship, robust capital markets, strong economic fundamentals and changing demographics have collectively resulted in India finding its place on the world map.
Track2Realty Exclusive: Many within the sector admit it is more often the case of lacking USP of the project added with the faulty communication and branding. This is being compensated by frivolous features which may bring the footfall but hardly translates into buying.
Track2Realty Exclusive: The problem remains that many SEZs are seen as real estate scams. Lack of clarity on the country’s land acquisition policy is also a major stumbling block for SEZ projects. EAS Sarma, former Secretary to the Government of India has alleged that most of the SEZs in the country have become real estate ventures lined to money laundering.
Track2Realty Exclusive: Catering to the rapidly urbanizing consumers and emerging economies will hit the demand pressure for natural and capital resources. In cities, one billion people will enter the global “consuming class” by 2025, with incomes high enough to become significant consumers of goods and services.
Track2Realty-Agencies: BOP Group bagged the Bangalore franchise Banga Beats of the $1 million Indian Badminton League (IBL) on Wednesday, July 3.
Track2Realty: Omaxe and The Intercontinental Hotel Group (IHG) are bringing to the city of New Chandigarh (formerly Mullanpur), a five star hotel “Holiday Inn”. In an exclusive tie-up for a hotel in Omaxe’s integrated township Omaxe New Chandigarh, the company will undertake the construction of the 150-room hotel which will be managed by IHG.
Track2Realty-Agencies: Real estate seems to be the hottest investment instrument for urban youth in India, with a whopping 85 per cent of those surveyed inclined to put their money into immoveables on hopes of higher and guaranteed returns.