Track2Realty Exclusive: In Mumbai Kohinoor City has a club house with wide range of international standard gymnasium equipments, rubberized jogging track, badminton court with herculean flooring, squash & table tennis court with wooden flooring, lawn tennis, swimming pool with Jacuzzi, steam rooms, yoga room, carom & pool room, cricket ground and even amphitheatre.
Track2Realty: Kolte-Patil Developers Ltd. has reported a jump of 115% in its net profit to Rs.26.40 crore for the first quarter ended June 30, 2013, compared to Rs.12.26 crore for the first quarter last fiscal. During the same period its revenue increased by 112% to Rs.219.43 crore from Rs.103.29 crore.
Track2Realty Exclusive: As humans, our primary need is to stay connected and clubs are one place where we can meet like-minded people and exchange thoughts and ideas while having a good time. Track2Realty explores how this change of taste is giving conventional need of housing a new paradigm shift where a club is not just important, but essential component of a housing project.
Track2Realty: India Ratings & Research (Ind-Ra) maintains a negative outlook on the infrastructure sector for H213, largely due to unfavourable macro-economic variables and project level stresses.
Track2Realty: DLF Ltd has signed definitive agreements to sell its 74% equity stake in its the Life Insurance Joint Venture – DLF Pramerica Life Insurance Company Ltd, a joint venture with Prudential International Insurance Holdings Ltd (“PIIHL”), a subsidiary of Prudential Financial, Inc USA “PFI” to Dewan Housing Finance Corporation Ltd (“DHFL”) & its group entities.
Track2Realty: Antriksh Ideal Zeal Group has launched Antriksh Golf city, a golf residency with the green building concept in sector 150, Expressway, Noida. The project is spread over 25 acres of area which offers a blend of modern & world-class amenities with classical Indian living environment.
Track2Realty Exclusive: As corrective steps we need to form a regularized official body to maintain consistency and transparency. There were only two cities in the world which were over populated and this has gone up to 29 cities with dense population in past one decade.
Track2Realty Exclusive: Some of the companies are using online media for generating sales lead; while others are focused on customer relations. With the medium new and realty more or less reluctant in the initial stages, there are very few who are actually understanding the medium and adapting themselves to what others think as a necessary evil. Tata Housing believes in using the medium for engaging with the customers more than just generating sales leads. Brotin Banerjee, MD & CEO of Tata Housing shares with Track2Realty how they strategise their social media usage. Excerpts of the interview:
Track2Realty Exclusive: There are analysts who believe the retail investors need to be exposed to this asset class through an institutionalized vehicle, which would be regulated. REITS is the ideal solution.
Track2Realty: Office markets in India registered a downward trend in absorption in the first half of the year (Jan–June 2013), according to the latest report by Cushman & Wakefield. The total net absorption across top eight cities in H1 2013 was noted at 10.9 million square feet (msf) which denoted a decline of 15% compared to the same period last year.