MCHI-CREDAI calls for cut on Stamp Duty
Track2Realty: MCHI CREDAI has appealed to the Maharashtra Government to slash the ready reckoner rates that form basis for stamp duty.
Search Results: real estate (4010)
New Delhi moves up from 9TH to 5TH position in the list of world’s mosr expensive office markets
Track2Realty: India continued to feature in the list of World’s most expensive office markets, with New Delhi (Connaught Place – CBD) moving up from 9th position to 5th position (with an overall occupancy cost of US$ 183.30)according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs survey.
Old urban cities’ date with destiny for makeover-I
Track2Realty Exclusive: With most of the urban centres across the country having depleted buildings in prime localities, redevelopment is the only way forward. However, policy hurdles added with resistance by some vested interests causing developers’ reluctance comes in the way of an urban makeover. Track2Realty noted that the collective consciousness of the policy makers, developers and majority of residents is increasingly shaping up for redevelopment and that spells a new business opportunity for realtors across the country.
Infrastructure major challenge for redevelopment in western suburbs of Mumbai: Lalit Kumar Jain
Track2Realty: Western suburbs of Mumbai are set for a facelift through redevelopment post the new Development Control Rule (DCR). Ravi Sinha speaks to Lalit Kumar Jain, CMD, Kumar Urban Development and CREDAI President to understand whether it would add more pressure on the existing crumbling infrastructure of the suburbs. Excerpts of the interview:
Office take-up dropped by 23% in 2012: DTZ
Track2Realty: Subdued economic growth on the domestic front and persistent concerns about the economic outlook in USA and Euro Zone moderated business confidence among office space occupiers in 2012. As a result, the major seven cities in India witnessed restrained office space take-up in 2012.
Puravankara claims to go pan-India
Track2Realty: Provident Housing Limited, a wholly owned subsidiary of Puravankara Projects Limited, is set to launch India’s largest residential township project. This gargantuan project, ‘Provident Sunworth’, is a 6 million square feet project spread over 60 acres , strategically located off Mysore Road near the NICE ring road junction in Bengaluru, within driving distance from Electronics city, Industrial hubs and the IT corridor.
DTZ brokers sale of US Consulate’s Washington House to Lodha Group
Track2Realty: DTZ has brokered the sale of US Consulate’s Washington House in Alta Mount Road in South Mumbai to Lodha Developers at the rate of approximately Rs. 140,000 per sq meter or USD 28,000 per sq meter.
Retired judge to head inquiry into Wal-Mart lobbying
Track2Realty-Agencies: A retired judge will head an inquiry to determine whether government officials were bribed to help retail giant Wal-Mart gain access to Indian markets.
HUPA for inclusion of affordable housing in infrastructure list
Track2Realty-Agencies: To provide cheaper houses for lower income groups, the Ministry of Housing and Urban Poverty Alleviation (HUPA) is working for the inclusion of affordable housing in the infrastructure list.
High rise buildings need sustainability beyond architecture
Track2Realty Exclusive: The last few years have seen a complete transformation in the design of residential apartment complexes all over the country. It is virtually impossible for people to afford single storey or double storey bungalows. Land being very expensive, only a select few can have this luxury.