Sobha Limited has launched Sobha Halcyon in Whitefield (East Bengaluru). The 3 acre project will have just 1 tower of Ground+21 floors consisting of 175 exclusive luxurious apartments, divided into 2 wings. The project will have 3 BHK units in the range of 1,536 to 1,865 sq. ft. Even though the project is located in one of the busiest areas in the city, it is designed to provide peace and tranquillity throughout the day.
Track2Realty: Satra Group has announced an initial investment of Rs 1000 crore towards developing real estate in Mumbai. Praful Satra, CMD of Satra Group says the expansion plan for the next 5 years includes developing of a total of 4 mn sqft, delivering more than 1,000 residential units of residential and commercial space.
Track2Realty: Real estate buyers are often warned that they must conduct a thorough due diligence before investing in any property, and that they should not reply solely on the verification process done by banks while they are processing a home loan request. This is sound advice, especially in the current times when many buyers have found themselves in troubled waters after making property purchase decisions without doing their homework.
Track2Realty: Prabhat Ranjan, co-founder of Brick Eagle, a financial services platform for the affordable housing industry, has forayed into real estate development, incorporating a new venture Olympeo Infrastructure. The company has launched its first project Olympeo Riverside, an integrated township spread across 25 acres on the banks of Ulhas River, in the Neral-Karjat belt, an extended Mumbai suburb.
Track2Realty Exclusive: It has indeed been a busy year and 2014 can well be described as the year of roller coaster emotions where the business confidence index was exposed to two extreme ends of swing. In an otherwise flat year, the real estate sector may not have been witness to transactions on ground but the poetic engagement has definitely been at the emotional level.
Track2Realty: We are currently witnessing a market scenario wherein inflation and interest rates will taper down even as the GDP growth rate picks up, and selective asset classes are becoming increasingly attractive for investment. International market dynamics suggests that gold and crude oil will continue to weaken, and commodities as an overall asset class will continue to display weakness because of easing inflation.
Track2Realty: The investment vehicle called REITs is once again in the news, and the Indian real estate sector eagerly anticipates this internationally tried and tested platform for smaller investors to invest in larger real estate portfolios.
Track2Realty: International property consultancy JLL India has structured an agreement for the development of a Senior Living project in Chennai between Ashiana Housing Limited and Escapade Real Estate. These two firms will enter in Joint Venture development for this project.
Track2Realty: The answer to the question whether it is preferable to invest in a flat or in a plot of land depends on many factors, including the maturity of the investor. The investor’s overall objectives, ability to leverage, risk appetite and period of time he is able to hold on to the property before selling it again must be considered.
Track2Realty Exclusive: Prayag Damodar returned to the home town Ahmedabad after having spent 14 long years in the Gulf region where the only option of living has been high rises and skyscrapers. He had developed the liking for such vertical living so much that he had a feeling of missing that sky high living back home as the prevailing housing culture has been standalone residential units when he left the city.