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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Anuj Puri, JLLM, Jones Lang LaSalle Meghraj

July 19, 2012

Partnering Ahmedabad for fast track growth

In the past, Ahmedabad – the largest city of Gujarat – was largely thought of as a trading hub with localized market drivers. Today, we can confidently state that nothing could be more further from the truth. Jones Lang LaSalle India made a well-researched move when it launched operations in Ahmedabad in 2009. The decision to enter the city was based on its unmatched promise as a potential real estate investment destination, which factored in the city’s healthy local demand, as well as its outstanding industrial story.

Policy

July 8, 2012

Reforms at what cost and for whose benefit

We are all talking about reforms in the Indian real estate. However, while a structural reform is the need of the hour, it is equally important to understand that efforts to regulate the sector by almost all possible players in the ring are actually detrimental for the overall growth of the sector. This also raises the fundamental question as to reforms at what cost and for whose benefit.

Headlines

July 3, 2012

Rising aspirations & value consciousness driving luxury housing-III

Some developers believe in the age when everybody is constantly looking forward to upgrade, luxury residences should not be seen just in the premium super category. As a matter of fact, Purvankara has successfully initiated the concept of luxury affordable as well. According to him there is no dearth of buyers; rather the challenge is for the developers to execute a luxe living.

Analysis

June 26, 2012

Infrastructure deficit – bane of the far suburbs

It is a latter-day fact that project development on the outskirts of Indian metros begins before the necessary infrastructure has been put down. This happens because demand for developed spaces in cities like Mumbai, Delhi, Bangalore and Chennai is high enough to make even hastily established projects financially feasible for developers.

Company News

June 21, 2012

CCI issues order against cement manufacturers, imposes penalty of more than six thousand crores on 11 cement companies

The Competition Commission of India has found cement manufacturers in violation of the provisions of the Competition Act, 2002 which deals with anticompetitive agreements including Cartels. The order was passed pursuant to investigation carried out by the Director General upon information filed by Builders Association of India.

Headlines

June 18, 2012

Assam developers call for rationalisation of rules

Terming the current building rules as cumbersome, realty developers of Assam have called for simplification and rationalisation of norms and reduction in duties. “The real estate players are in a bind over high spiralling taxes and registration duties which are the highest in Guwahati,” Assam Real Estate and Infrastructure Developers Association President P K Sharma told reporters in Guwahati.

Headlines

June 15, 2012

Government to focus on low cost rental housing

In view of the ever increasing housing shortage in cities and towns, the Union Ministry for Housing & Poverty Alleviation has decided to set up a high-level committee to recommend policy interventions to facilitate creation of rental housing stocks to cater to those who cannot afford to buy houses. The decision comes after several rounds of representation by the industry bodies, CREDAI & NAREDCO.

Headlines

June 11, 2012

SEZs have failed to take off in India-IV

SEZ was originally conceived on the premises that it will be like an “Island of Excellence” with world class infrastructure available to the user at globally competitive prices. It was aimed to assist both Indian entrepreneurs as well as global investors wanting to set up their manufacturing and services bases inIndia.

Company News

June 4, 2012

Supertech’s pre-launch offer raises many questions

“Supertech invites you to invest in a pre-launch project at an attractive discount,” this SMS has been sent at least 5 times within a week. The bulk SMS, however, fails to acknowledge that many of these unsolicited messages are being delivered to the wrong recipients, including media, in front of whom most of the developers deny to pre-launch the projects any more. As a matter of fact, ever since Supreme Court came down heavily on the pre-launch offer of the developers, various states including Haryana have banned such offers.

Headlines

May 28, 2012

SEZs have failed to take off in India-I

Once seen as very powerful economic tool for catalyzing the growth process during restructure and liberalization of economy, Special Economic Zones (SEZs) in India could not replicate the Chinese success story, as assumed. Track2Realty takes a look on the future of SEZs in India as realtors make a beeline to exit or extend the tax haven, and the Government groping for fresh ideas.

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