Track2Realty: Godrej Properties has launched affordable housing scheme in their township project Godrej Garden City (GGC) in Ahmedabad. Five new towers, each ground plus 12 storeys tall, will offer affordable 1 BHK apartments each measuring 600 sq. ft. at prices starting from Rs. 16.5 lacs. Each tower will be equipped with 2 lifts and all apartments are open from two sides with no two apartments overlooking each other.
Track2Realty: India was ranked 20th among the top 20 real estate investment markets globally with investment volume of Rs 19,000 crore recorded in 2012.
Track2Realty-Agencies: Government plans to set up a tough regulator for the real estate sector with provisions for even jail term for the developer for putting out misleading advertisements about projects.
Track2Realty Exclusive: It has been whispered in the real estate circle for quite some time, something that made the Delhi-NCR developers of office space smiling and their Mumbai counterparts worried. Amidst these MNCs and corporate looking forward to set-up their offices in India were wondering whether to go with the conventional wisdom of opting for the financial market of India or innovate with the new emerging financial centres in Delhi-NCR in general and Gurgaon in particular.
Track2Realty Exclusive: East Zone (Kolkata) The overall retail market in the city continued to display sluggish trend with only a few major retailers expanding their operations in large format standalone stores in established high street locations.
Track2Realty Exclusive: With the number of approval-oriented steps adding up to more than 50, the process can stretch over a year and a half to two years. A system that is so obviously fraught with hurdles and red tape will naturally deter potential builders of integrity.
Track2Realty Exclusive: Analysis of South Zone (Bangalore)
Retail leasing activity in Bangalore remained active through 2012 due to the opening of a few malls particularly in the Whitefield micro-market. Apart from the stable leasing activity seen through the year, space enquiries from retailers during the period point to the fact that a number of them remained bullish on their medium to long term prospects due to the increasing affluence of the growing middle class.
Track2Realty Exclusive: Compared to other countries in Asia, India still lags behind on the transparency parameter. But we are increasingly scaling up with the data availability for the retail and residential sectors improving across all tiers led by the fast-paced development of the residential sector and modern retail formats.
Track2Realty: Heralding the entry of super specialty Nova Hospital into Pune, Kumar Urban development Limited (KUL) has signed an agreement with the former for a Build-to-Suit (BTS) project.
Track2Realty Exclusive: Analysis of West Zone (Mumbai)
The retail landscape across the western zone of the country has remained active through 2012. The sector performance was characterized by buoyant leasing activity from both Indian and international brands. As a result, in addition to expansion of Indian brands, many international retailers also set up their new outlets in the city. Moreover, the recent policy reforms, allowing FDI in multi-brand retail has improved overall sentiments in the sector.