Rituparna now brand ambassador of Vibgyor Real Estate
Track2Realty-Agencies: Vibgyor Real Estate, a part of the Rs. 800 crore Vibgyor Group, has signed in leading Bengali actress Rituparna Sengupta as its brand ambassador, a company official said.
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DTZ-Track2Realty study on commercial real estate-VII
Track2Realty Exclusive: Analysis of North zone (Delhi NCR)
Owing to sluggish global and domestic economic growth, high inflation and steep depreciation in rupee value, market sentiment remained subdued during the first three quarters of 2012. International brands are still positive about the Indian growth story.
Realty firms opting for IPP route to meet shareholding norms
Track2Realty-Agencies: Real estate firms, including market leader DLF, are taking a contrarian view on preferred route for selling promoter shares, as they are opting for Institutional Placement Programme (IPP) as against the much sought-after Offer For Sale (OFS) mechanism.
Buyers’ market in Mumbai turning to be a reality-I
Track2Realty Exclusive: The costliest property market of the country, Mumbai has for long defied all the conventional wisdom of economics of demand and supply. It has been a market where a substantial dip in demand had no co-relation with the skyrocketing of prices.
Track2Realty Roundtable—Looking In and Looking Ahead-VII
Track2Realty Roundtable
Panelists—Dr Anil Sharma, CMD, Amrapali Group
Sunil Dahiya—Sr Vice President, NAREDCO & MD Vigneshwara Developers
Harmit Chawla—MD, HCorp Realty
PK Tripathi—President, Unitech
Moderator—Ravi Sinha, CEO & Managing Editor, Track2Realty
Ravi Sinha: Many of the developers have realised that focus on execution and not the land bank is the key. Companies which overleveraged their balance sheets or branched out into non-core areas have failed. Developers have also learnt it the hard way that real estate is a micro market business and fancy expectations of going pan-India can boomerang. Are not these tough lessons?
Track2Realty Roundtable—Looking In and Looking Ahead-VI
Ravi Sinha: In 2013 when most of the PE Funds are maturing, they may not be investing again in the real estate. So, from where will you generate the funds?
DTZ-Track2Realty study on commercial real estate-V
Track2Realty Exclusive: Analysis of East Zone
The transaction activity registered in Kolkata in 2012 was down by 42% during Q1-Q3 2012 compared to the year ago period. The subdued demand is the result of the uncertainty prevailing in both the global as well as domestic markets. Most of the corporates have trimmed their expansion plans and instead looking at consolidation to optimize their real estate usage and bring down the costs.
Track2Realty Roundtable—Looking In and Looking Ahead-V
Ravi Sinha: I have a question here, and I will be very frank with Mr Tripathi. Any journalist who writes on real estate finds it very amusing that the sector has always tried to put the ball in the government’s court. Since you have been part of the government, how far will you agree to this?
Why the real estate is still sulking with Union Budget 2013-14
Track2Realty: Walking on a tight rope of fiscal management, the Union Finance Minister P Chidambaram did his best to bring smiles on the faces of home buyers. Something that should cheer up the real estate sector looking left, right and centre for buyers with piling inventory. Still, a section of real estate is sulking. Why so? Track2Realty tries to understand the grey zones where for the realtors it was a case of “ye did maange more.”
Realty evokes mixed response to budget; by and large optimistic
Track2Realty Exclusive: The Indian real sector has evoked mixed response to the Union Budget 2013-14, though by and large there is optimism within the sector. Here are some of the responses—