Garage 270 in Udyog Vihar has the capacity to seat 1800 members and offers multiple F&B options, daycare facility and last mile connectivity, and has received an overwhelming response. This workspace will also feature one of a kind community terrace garden which will be used for urban farming.
ATS PMC along with the Logix group will be in discussion with UP RERA, Noida Authority, financial institutions and other stake-holders including buyers to develop a mechanism so that the construction can be expedited and completed smoothly without any legal or financial liability obstructing this effort.
The company plans to increase its team strength in the Gulf to 500 and is targeting a Gross Transaction Value of $600 mn. from its international business in 2019. It also plans to set up operations in Saudi Arabia in this calendar year.
Tech & IT-BPM sector accounted for the largest share at 38%. Flexible workspaces (co-working) has contributed close to 30% of office leasing. The demand for space was not only led for foreign players, but also home-grown operators who are rushing to capture a pie of this space. The absorption by flexi-operators will pick up pace in the wake of developers jumping onto the bandwagon.
FastFox was valued at just under INR 100 crores at the time of this transaction. With this acquisition, Elara has entered the online-to-offline home rentals space, which has a market opportunity of over INR 20,000 crores. The addition of FastFox.com to its portfolio allows Elara to offer a comprehensive end-to-end service to landlords and tenants, thereby ensuring a significant improvement in consumer experience.
There is a public perception that what has transformed this once non-descript city into thriving metro city is the gulf money since a large number of Kochi residents are working in the gulf region. However, Kochi property market is not being driven by gulf money alone; this could be only a reality in the luxury segment.
Unfortunately, in the name of common cause the cause is seldom common even though prima facie it appears to be. As a matter of fact, every buyer has his own definition and set of interests to get into a fight with the builder. The legitimate fight that should ideally start with the ‘conviction of being upright’ often starts with suspicion, one-upmanship, or even worse, ulterior motive.
At a time when the developers across the cities are struggling to either cope up or align with the emerging regulatory compliances like the RERA, these numbers clearly indicate that Chennai has not only been among the front runners in compliances and best practices but also ahead of the competition curve as far as the launches and absorption are concerned.
DLF has signed its second joint venture with HINES. DLF Home Developers Limited (“DHDL”), a wholly owned subsidiary of DLF Limited (“DLF”), and Green Horizon Trustee (an affiliate of “HINES”) have entered into a Joint Venture for developing a high-end commercial project in Gurugram.
Backward integration definitely helps and my reason for backward integration is that I have total control over quality. I come from that industry where I had been into contracting for the last 40 years. Real estate for me is only for the last 20 years. I have since beginning worked on very high-end contracts, including design. So, I have the knowledge coming from the grassroot level of contracts. Eventually I thought I should do real estate also while doing contracts outside.