Track2Realty-Agencies: The proposed bill to regulate the real estate sector would make it mandatory for the development authorities to clear the building plan on the basis of carpet area, a top government official said on Saturday, May 4.
Track2Realty: When the Reserve Bank of India made the announcement of allowing External Commercial Borrowing (ECB) in affordable housing, including slum redevelopment, there was an optimism and euphoria that cheaper money coming into the much-needed segment of real estate would redefine the property market in general and in the process help the country meet the housing shortage.
Track2Realty Exclusive: Puniet Singh, CEO, Sherwoods Independent Property Consultants says the latest trend of moving to the outskirts in the vicinity of IT companies benefits individual and professionals to have their comfort nearby with office and home in the same areas. This will expand the horizon of modern living as well. Further the distance from the city allows its residents to stay away from traffic, pollution and congestion.
Track2Realty Exclusive: Neeraj Bansal, Partner-Real Estate & Construction at KPMG India says although more and more developers are rooting for integrated township projects, the project execution has been disappointing owing to multiple factors. The primary among them is delays in obtaining approvals from various departments.
Track2Realty Exclusive: The case of Japan is one of the most inspiring and creative as conviction of betterment leads the policy and practical solution formulations. Gate Tower Building is a 16-story office building in Fukushima-ku, Osaka, Japan. And what makes it notable is the highway that passes through the 5th-7th floors of this building. The highway is part of the Hanshin Expressway, a network (239.3 km) of expressways surrounding Osaka, Kobe and Kyoto, Japan. The Gate Tower Building is Japan’s first building to have a highway pass through it. And it had been nicknamed “beehive” referring to its appearance as a “bustling place”.
Track2Realty Exclusive: Kruti Jain, Director, Kumar Urban Development, believes any funding available in real estate is gap funding. It is not about only the gap which is there in funding for real estate because what happens for other industries is that they have this reserve capital which is not their land or raw material, but is the actual capital they put in to manufacture xyz product and then they replenish the funds with whatever returns are accrued.
Track2Realty Exclusive: Mumbai, while being known for its ability to provide a livelihood for one and all, is infamous for having the highest population density in the world: close to 30,000 people per square kilometer, about three times that of Delhi.
Track2Realty Exclusive: Not all large developments can however, be called townships. A development comprising only budget apartments is an incomplete township. So is one that has only luxury housing. It is essential for a township to have an inclusive character.
Track2Realty Exclusive: Conceptually across the world integrated townships have gone beyond a well-planned housing complex that meets daily needs of its residents to a functioning city that aims at self reliance. The townships being built today have a balanced configuration of residential and commercial spaces intermingled with well-developed infrastructure and recreational amenities besides the green and open spaces.
Track2Realty Exclusive: What Indian realty needs is holistic reforms and for that what is needed is change in mindset. We wonder why every person in office doesn’t realise that his indecisiveness hurts interest of the country. Why authorities are trying to take a pro-publicity and anti-development stand whereby nobody gains?