Track2Realty: Pune’s rapid growth as a city is constantly pushing the envelope for real estate development. Suburbs that were considered ‘upcoming’ less than two years ago are now established destinations, with increased property price appreciation creating a challenge for budget home seekers.
Track2Realty Exclusive: Real estate development along highways and expressways is an established reality of India’s urban growth, yet a few have been trend setters. These are the territories which have been investment magnet much before being fully developed. National Highway 24, popularly known as NH 24 that connects the national capital Delhi to Uttar Pradesh capital Lucknow running 438 kilo meter in length is one such highway which is being seen as the new growth corridor of north India in general and Delhi-NCR in particular.
Track2Realty: The tremendous rate of real estate development across the globe, and especially young, emerging nations, is imposing immense pressure on the environment and its natural resources. With such a rapid development, there is a lot at stake when we look at important factors such as energy availability and environmental sustainability.
Track2Realty Exclusive: While most of the metro cities are crumbling under the burden of increasing urbanisation and the load on the land and infrastructure has led the life miserable there are cities like Pune which seem to be learning from the mistakes of these metro cities and the late movers’ advantage seem to be helping the city grow holistically in terms of its real estate developments and infrastructure issues. What makes the case of Pune even more unique, reasons why it is rated as the best city out of the four established metros is the fact that the social infrastructure has gradually been shaping up well in the city to compliment the physical infrastructure.
Track2Realty: The National Real Estate Development Council (NAREDCO) has requested the government to extend the computation period for availing itself of income tax benefits by one more year. This period is going to end on March 31, 2013.
Track2Realty: Tata Housing Development Company Limited, India’s fastest growing real estate Development Company today announced that it has raised Rs. 300 crore by issuing Non-Convertible Debentures (NCDs). The issue was subscribed by IDFC and a top Mutual Fund. The issuance is for the maturity periods ranging from 3-5 years.
Track2Realty: President of India Pranab Mukerjee on Friday, Dec 7, urged the private sector to come forward to meet the housing shortage in the country. He was inaugurating the two day convention on Sustainable Housing For Masses organised by National Real Estate Development Council (NAREDCO).
Track2Realty: After endorsing a car, watch and DTH brand, among others, Bollywood superstar Shah Rukh Khan has now been roped in as the brand ambassador of real estate development company Mahagun.
Track2Realty: Regardless of the state of the economy, associated market sentiments and on-going funding trends, developers need to generate initial capital to successfully launch and complete their projects. Only by doing so can they maintain the kind of churn that makes the real estate development business profitable.
Track2Realty: In terms of planned urban growth, the evidence for real estate development being backed by the creation of associated physical infrastructure is higher in Noida and Greater Noida. Gurgaon and Faridabad are at the opposite spectrum, where infrastructure is developed after the real estate potential of an area has been nearly fully exploited. In other words, infrastructure projects in these areas is largely taken up only after an area is already primed for real estate growth. Even so, Gurgaon has seen the maximum capital appreciation for investors and end users.