Track2Realty-Agencies: 45 people have died, over 50 are injured, and 20 people are still missing as rescue workers continue to cut through the mangled steel and concrete remains of a seven-storey building which collapsed on Thursday evening, April 4, in Mumbai suburb Thane.
Track2Realty: Godrej Properties will develop a residential housing project at Undri (near NIBM) in Pune. The project, spread over 31 acres, will offer approximately 1.5 mn sq. ft of saleable area and will comprise of 1, 2 and 3 BHK apartments.
Track2Realty: Godrej Properties has through its wholly owned subsidiary, Godrej Redevelopers Mumbai Pvt. Ltd. (GRMPL), entered into a development agreement with the Sahakar Nagar Vibhag- II Federation, to undertake a residential redevelopment project, of 200 tenements, in Sahakar Nagar – II, Chembur, Mumbai.
Track2Realty-Agencies: While the promoters of realty firms in India are wary of selling stake and instead choosing institutional placement programme (IPP) over share auction to bring down holding to comply with regulatory norms, Bangalore-based Puravankara Projects has also plans to raise around Rs 450 through IPP route.
Track2Realty Exclusive: Urban renewal has led to economic rejuvenation of various countries and we shall have to find our own unique solutions while learning from best global practices. While Singapore and Malaysia’s transformation was led by sagacious leadership, Hong Kong, Shanghai, Chicago, Birmingham and New York effectively used their political process to drastically improve quality of life, economic output and employment opportunities.
Track2Realty: The February 2013 ComScore report released recently has declared MagicBricks.com as emerged as the No 1 Property Portal on all traffic metrics of audience measurement in its report. ComScore is the internationally recognized media metric tracker for internet portals.
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Track2Realty: Godrej Properties has launched its commercial development, Godrej BKC. Godrej BKC occupies a corner plot in the middle of India’s most prestigious and desirable commercial address, the Bandra-Kurla Complex.
Track2Realty: Tata Housing has launched the second phase of its luxury residential development – Amantra. Amantra – Phase II comprises of 565, two and three BHK units, starting at Rs. 5800/- per square feet.
Track2Realty-Agencies: Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during the October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).