It is an interesting reality that most developers will not consider a purchase inquiry as legitimate unless the lady of the house in attendance. This fact speaks volumes, and deserves in-depth analysis. The plain fact is – when it comes to choosing and buying a home, the ‘male prerogative’ – in any case a rapidly dying concept in today’s world – takes the back seat.
Following a particularly strong fourth quarter of 2014, the first quarter of 2015 reported comparatively slow activity on the office market front across leading cities. This apparent demand drop was largely because most corporate space occupiers were still strategizing their real estate plans for the year during the period, with fewer transaction decisions being implemented in the first quarter.
The Royal Institution of Chartered Surveyors (RICS) has appointed Devina Ghildial as Managing Director – South Asia with effect from March 9th, 2015. In this role, Devina has been entrusted with leading the RICS in the South Asia region with a focus on growing the professional qualification, driving commercial growth, influencing policy, growing the training business and promoting professionalism and standards in the sector.
Supertech Limited has launched a township project, Hill Town at Sector 2, Sohna Road, Gurgaon. The company is investing Rs. 1,000 crores in this township project and Rs. 4,000 crores in all its projects in Gurgaon.
Viewed dispassionately, the current government’s ‘Housing for all by 2022’ promise seems a bit unrealistic at the moment, as the modalities and concrete steps needed to be undertaken to achieve this goal have not been spelled out. Making 2 crore urban houses and 4 crore rural houses available is a huge undertaking in itself, and will require not only sustained government interest and investment but also substantial private sector investment and involvement.
Track2Realty Exclusive: The property markets of the financial capital Mumbai and the political capital Delhi has always been exposed to the reality that it is the expat Indians, the working class professionals, who are the key demand drivers of property. However, in the last over a decade or so this outlook on the migrant work force has become a pan-India phenomenon.
Track2Realty: RICS, along with 61 professional bodies from around the world, has called for setting uniform measurement standards for residential sector globally (including India) to bring clarity on measuring various aspects of property measurement such as super built up area, built up area and carpet area.
Track2Realty Exclusive: The time of transition for the Indian real estate and construction sector has finally arrived. Since last few years, a number of regulations pertaining to the real estate market were put on hold. A number of them are now at the draft stage waiting for Parliament’s approvals.
Track2Realty: The Central Government managed to get the amended Land Acquisition Bill passed in Lok Sabha. The ruling dispensation enjoys brute majority in the Lok Sabha and hence had no problem getting the Bill passed through it. This Bill is an amended version of the original Bill introduced and passed in 2013 by the previous government.
Track2Realty: Bangalore has consistently remained the preferred destination for corporate real estate occupiers in the country over the last couple of years. More recently though, our IT City outperformed itself by catapulting into the league of the top performing office markets of the Asia Pacific region during 2014—in the company of Tokyo and Shanghai.