Chris Gayle becomes brand ambassador of Agrani Homes
Track2Realty: West Indian cricketer Chris Gayle was on Wednesday, May 8, named brand ambassador of Patna-based real estate company, Agrani Homes.
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Realty regulatory bill to recognise only carpet area
Track2Realty-Agencies: The proposed bill to regulate the real estate sector would make it mandatory for the development authorities to clear the building plan on the basis of carpet area, a top government official said on Saturday, May 4.
Approximately 6.6 million sq ft of space absorbed in Q1, 2013 as compared to 5.6 million in Q1, 2012: CBRE
Track2Realty: The prime office space segment across key cities in India are witnessing an improvement in sentiment from last year. According to CBRE’s latest report, India Office Market View Q1 2013, prime office space absorption across key cities in India witnessed approximately 17% increase in Q1, 2013 as compared to Q1, 2012.
Office space absorption in Q1, 2013 up by 37%: CBRE
Track2Realty: The prime office space segment across key cities in India are witnessing an improvement in sentiment from last year. According to CBRE’s latest report, India Office Market View Q1 2013, prime office space absorption across key cities in India witnessed a 37% increase in Q1, 2013 as compared to Q1, 2012.
IDFC real estate arm buys Rs.250 cr assets in Pune SEZ
Track2Realty-Agencies: IDFC Alternatives, real estate arm of Infrastructure Development Finance Corp. Ltd (IDFC) has bought assets worth about Rs. 250 crore in Pune’s real estate developer Paranjape Schemes (Construction) Ltd’s Hinjewadi Special Economic Zone (SEZ) for information technology (IT) and information technology-enabled services (ITeS) firms and luxury residential space.
Approximately 26% decline in absorption of Prime office space in 2012: CBRE
Track2Realty: Concerns over cost reduction and a cautious approach by occupiers had a negative impact on leasing activity across key markets in India. With major corporates continuing to review expansion plans and focusing on improving existing space utilization to control costs; key markets across India witnessed almost 26% decline in absorption of prime office space during 2012.
Residential market defies all economic indicators-II
Track2Realty Exclusive Yearly Analysis: Experts say there are liquidity concerns…
Residential market defies all economic indicators-I
Track2Realty Exclusive Yearly Analysis: Residential real estate is defying the conventional wisdom of economics where a constant price hike is not benefitting the real estate companies either. Track2Realty finds with pressure on both the demand and supply side, residential real estate has gone into a vicious cycle of ever increasing cost, falling demand, liquidity crunch and last, but not the least, delay in approvals adding to the woes of the developers.
Competition Commission of India expects model agreement in DLF case to serve as benchmark
Track2Realty-Agencies: Competition Commission of India (CCI) is working on a model framework for commercial agreements between real estate developer and the property buyer, which it expects to serve as a benchmark for the industry.
Ponty Chadha killed in shootout following real estate feud
Track2Realty: Police has detained at least 15 people, mostly the security personnel of controversial liquor and real estate baron Ponty Chadha and his younger brother Hardeep who were killed in a shootout between their groups at their farmhouse in south Delhi on Saturday, Nov 17.