Tier II and III cities have rewarded the first movers-III
Track2Realty Exclusive: With realty being a micro market driven business and land a state subject, dealing with the government machinery has a different challenge in many of these cities.
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Reliance Communications to spin off real estate business
Track2Realty-Agencies: Reliance Communications will spin off its real estate business into a separately listed unit, a move the country’s third largest mobile phone carrier by customers said was to focus on its core business.
All in the name of green building in Indian real estate
Track2Realty Exclusive: Green building is something that is being over marketed in the Indian real estate. However, while the serious developers have realized its benefits, including fast return on investments, consumers’ literacy on the benefits of paying extra for long term low-maintenance is relatively low.
Special Economic Zones or Land Zones
Track2Realty Exclusive: The problem remains that many SEZs are seen as real estate scams. Lack of clarity on the country’s land acquisition policy is also a major stumbling block for SEZ projects. EAS Sarma, former Secretary to the Government of India has alleged that most of the SEZs in the country have become real estate ventures lined to money laundering.
Time to address urban challenges with holistic approach-II
Track2Realty Exclusive: Catering to the rapidly urbanizing consumers and emerging economies will hit the demand pressure for natural and capital resources. In cities, one billion people will enter the global “consuming class” by 2025, with incomes high enough to become significant consumers of goods and services.
Shriram Properties and partners agree to sell Gateway SEZ
Track2Realty-Agencies: Shriram Properties the Bangalore-based realty arm of the Shriram Group, is understood to have up lined up discussions with key global players including Mapletree and Ascendas to sell its Gateway SEZ, a 1.3 million square feet information technology special economic zone in Chennai for $150 million.
Real estate & telecom worst in consumer satisfaction, finds ministry survey
Track2Realty: Telecom and real estate has emerged as the worst industry in terms of quality of service, with over 21% of complaints received by the national consumer helpline in 2012 being related to this sector.
India’s tryst with SEZs fails to address core issues
Track2Realty Exclusive: The remarkable difference in export performance of China vis-à-vis India over the last two decades compelled India to look at its northern neighbour for successful strategies. One of the key strategies leading to the Chinese success was setting up of Special Economic Zones (SEZs) since 1980. SEZs became the drivers of China’s massive export surge and today, the 5 major Chinese SEZs account for a cumulative FDI of approx. $70 billion, generate 20 per cent of China’s total exports and provide direct employment to over 8 million people.
Is resale residential property a better option-II
Track2Realty Exclusive: There are certain precautions one must take in documentation when going for a resale property. Om Ahuja, CEO–Residential Services, Jones Lang LaSalle India says all the documents that are applicable for a primary residential property sale would be required for a clear resale flat transaction, as well. The seller should be able to produce all original documents.
Key challenges to move towards smart cities in India-IV
By: Brotin Banerjee, MD & CEO, Tata Housing Track2Realty Exclusive:…