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.
Pranay Vakil: No but the same developer used to rent out commercial office space, but he won’t rent out the residence because of the return. So, according to Gaurav funding is the issue and according to Atul return on investment is the issue.
Track2Realty: Oberoi Realty has announced its results for the fourth quarter of FY13 and full year FY13. The Company has recorded Consolidated Revenue of Rs. 1,147.52 crore for FY13 as against Rs. 974.79 crore for FY12. The Consolidated Revenue is Rs. 325.99 crore for Q4FY13 as against Rs. 308.03 crore for Q3FY13 and Rs. 285.50 crore for Q4FY12.
Track2Realty-Agencies: After weeks of hectic negotiations, the government on Thursday, April 19, has managed consensus on the crucial Land Acquisition and Rehabilitation and Resettlement Bill, paving the way for its consideration and passage in the second half of the budget session of Parliament beginning April 22.
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.
Gaurav Gupta: I think you will have to take into account the historical background of real estate industry. All of us know historically real estate was never a professional industry in the country before FDI came in 2005. The industry was really fragmented and the industry was with small developers and it was more like a family business.
Track2Realty: The NCR residential market witnessed a dip in project launches in H2 FY13 compared to H2 FY12. Greater Noida witnessed the highest number of launches in H2 FY13. Majority of these projects are located on the Yamuna Expressway and fall in the affordable segment.
Track2Realty-Agencies: Chennai-based real estate firm Real Value Promoters Private Limited plans to raise Rs 100-200 crore from private equity (PE) players for its projects.
Track2Realty Exclusive: Integrated township in the Indian context is a baby that everyone was expecting with their own set of expectations. And hence, within a decade the term was so over-used that it lost its relevance. Any and every mixed land use was projected as an integrated township and it often lacked the basic DNA of affordability, convenience, lifestyle and walk-to-work. As a matter of fact, Trck2Realty noted township projects were also conceptualized by many as safe investments in India at a time when funds were on the look out to deploy and developers needed more projects in the kitty to bag that.
Jhumur Ghosh: I am a little curious. In 2008, all the funds of the world were lining up for real estate and signing and today we are having this discussion, in just four years. How does that happen?