70 Indian realtors to participate in Times Realty India 2012
Track2Realty-Agencies: More than 70 builders across India will showcase their properties at Times Realty India-2012 event to be held on Septmber 28-29 at J W Marriott Hotel, Deira.
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Realtors hope to revive fortunes with property show in London
Track2Realty-Agencies: Over 20 realtors from India will participate in a property exhibition “India U Realty show: Unlock the potential of India real estate” which will bring together high net worth non-resident Indians (NRI) and persons of Indian Origins (PIO) in London to explore investment opportunities in India.
Gopal Raheja approached Court against son’s alleged attempt to usurp business
Track2Realty-Agencies: Gopal L Raheja, the real estate tycoon of Mumbai, has filed a petition in the Bombay High Court, accusing his son of attempting to ‘usurp’ his entire business. This is the second family feud in Indian realty business after ugly public spat in Hiranandani family.
More Indians buying homes abroad, particularly in U.K.
Track2Realty-CRIENGLISH: In a country where majority of the people do not have decent homes and the volume of sales of housing units in Indian markets is under pressure,a growing number of Indians are keen to buy homes abroad, particularly in the United Kingdom.
20 entities seek SEBI nod to set up AIFs
Track2Realty-Agencies: As many as 20 entities have sought SEBI’s approval to set up Alternative Investment Funds (AIFs), a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds.
Using residential property for commercial activity
Track2Realty: In cases where zoning laws and the co-operative housing society in question permit it, there can be cases where running a business from home is viable. Doing so can save on the cost of renting or purchasing a commercial space. It also saves on the cost of commuting to and from work as well as on many operational costs.
Realty takes corrective measures ahead of festive season after Track2Realty survey finds no takers for new launches
Track2Realty Impact: When Track2Realty pan-India survey said it in May this year that Indians prefer to pay more for ready-to-move property and find new launches risky, the sector was obviously not amused. CREDAI President Lalit Kumar Jain had differed with the Track2Realty survey findings in an interview with Tehelka and said that “ready-to-move-in flats comes at a premium rate and the availability of such in the country is currently just 5 per cent.”
IT raids 10 real estate firms in Indore
Track2Realty-Agencies: The Income Tax (I-T) department has raided on 45 premises of Indore-based 10 real estate firms on Saturday, Sep 22. A team of 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. The raids are expected to continue on Sunday as well.
Face-to-face office interaction can’t be substituted by work-from-home
A question that is doing the rounds is, if it is wise to build such large and high-end office spaces, considering the fact that working pattern is tilting towards flexible working hours and many employers are encouraging work from home. This would cut down the need for spending on office staff, expenditures on overheads, maintenance and large office space.
Manish Arora to design for real estate firm
Track2Realty-Agencies: After marking his presence in the Indian and international fashion world, ace designer Manish Arora has tied up with real estate firm AMR Group, and will design for their forthcoming presidential suites and luxury residential projects.