Track2Realty: The Punjab Deputy Chief Minister Sukhbir Singh Badal showcased on Saturday, Nov 17, prime urban land under the possession of Punjab Government to 137 international and national Real Estate Developers, who assembled in Mumbai under the aegis of Confederation of Real Estate Developers’ Association of India (CREDAI) in a convention organized by them, Punjab land of opportunities.
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.
Track2Realty: Gurdeep Singh Chadha alias Ponty Chadha, who was killed along with his brother after they fired at each other inside a farmhouse in Delhi’s Chhattarpur area on Saturday, Nov 17, was the sole liquor distributor in Uttar Pradesh. His other business interests included real estate, sugar mills and film production, which he used to look after along with his two brothers – Hardeep and Rajinder. The business empire was reportedly worth Rs 6,000 crore.
Track2Realty Exclusive: The best part is that the banks are now a party to revive the property drive in the city. They are also hosting property exhibitions, introducing combo products that offer further interest rate reduction on a car loan if a customer has already taken a home loan and are sugar coating home loan products, besides cutting interest rates and waiving processing fees to pep up demand for home loans.
Track2Realty-Agencies: Buyers flooded the bedecked and glittering markets and shopping malls since early morning on the auspicious occasion of Dhanteras. Hectic buying continued till late evening and pushed overall sale turnover beyond Rs 250 crore on Sunday, Nov 11, according to a market estimate.
Track2Realty Exclusive: Mumbai real estate is on its way to bounce back to normalcy this Diwali after a couple of years of turmoil where many economists were clueless as to how a demand-supply product can challenge the conventional wisdom of economics where prices are going northwards and transaction the other way.
Track2Realty-Agencies: Billionaire Indo-Canadian landlord Bob Dhillon, who is on the Canadian Prime Minister’s entourage currently visiting India, said India can be a developer’s dream because of so many factors. The Japan-born, India-educated businessman also said he “will be the first person to invest in India,” if the country “now goes for the kind of reforms it has just announced for FDI in retail.”
Track2Realty-Agencies: The Union Government will push the states to give bankable property rights to urban slum dwellers and is in the process of creating a legislation for the same, said the newly-appointed Minister of Housing and Urban Poverty Alleviation Ajay Maken.
Track2Realty-Agencies: Realty firms and property consultants have expressed disappointment over RBI’s decision to keep key policy rate unchanged and said it was the right time to bring down the borrowing cost for home buyers as well as developers.
Track2Realty-Agencies: Jones Lang La-Salle (JLL) India has set up a new entity, JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market.