Track2Realty: The month of October saw the government easing Foreign Direct Investment (FDI) norms to boost India’s construction sector. The announcement is expected to widen the sector’s investor-base by allowing FDI in smaller projects of 20,000 sq. m. instead of 50,000 sq. m. from firms with capitalization of US$5 million instead of US$10 million.
Track2Realty: Poddar Developers has launched their new project ‘Poddar Aspire’. ‘Poddar Aspire’ is located in Teesgaon, Haji Malang Road, Kalyan East, 2km away from Kalyan railway station and well-connected to the metro junction mall, schools and hospital.
Track2Realty: Neemrana is one of the fastest growing industrial centres in North India. This area is advantageously located on NH-8 in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan and part of Delhi NCR, Neemrana has attracted a lot of heavy industrial investments from Japanese manufacturing firms such as Nippon, Daikin, Nissan, NYK Logistics and Mitsui Chemicals.
Track2Realty Exclusive: Noida real estate market seems to be marching ahead of the ‘built to suffice’ format and the discerning buyers in this part of the world are increasingly leading the developers to customise the projects and even the individual apartments as per their needs and fancy. What has been the prerogative of only the handful of the buyers in the luxury segment is today a reality across the residential segments of Noida market.
Track2Realty Exclusive: Navratra is all about nine days of festivities with 10th day being celebrated as Dussehra, which means end of 10 evils. In terms of its significance for real estate market which has weathered many challenges borne out of bearish macro-economic sentiments leading to slow sales, squeezed funding and inventory hangover, this Navratra seems to be the turnaround time.
Track2Realty Exclusive: Though, a strong branding strategy could help deliver significant economic gains to developers, too much branding must be avoided as it doesn’t add any value. Developers should avoid excessive branding such as branding every single building or every single aspect of a project.
Track2Realty: India’s economy grew 5.7% y-o-y in Q1 2014–15 (April–June) belying market forecasts of 5.3%, and showing signs of recovery following annual growth numbers of between 4.4% and 5.2% in each quarter between Q1 2012–13 and Q4 2013–14.
Track2Realty Exclusive: An assessment of business confidence index of Pune real estate post the formation of a stable Government at the Centre is not as easy as gauging the mood of the developers across any other city. The precursor to the very assessment is fraught with a question mark that why will the business sentiment change overnight with the change of Government at the Centre.
Track2Realty Exclusive: Now that some progress towards bringing in real estate investment trusts (REITs) has been made it paves way for a positive investment climate in the country. The decision to allow listings of REITs in India as an investment product will boost the liquidity situation of cash starved developers, who are struggling to find funds for their construction activities.
Track2Realty-Agencies: A meeting of all stakeholders has been convened on Friday, Sep 19, to seek their views on a key bill that seeks to pave the way for construction of a large number of affordable houses. The Real Estate (Regulation and Development) Bill, 2013 is likely to be taken up for consideration in the Winter Session of Parliament.