Track2Realty Exclusive: Analysts have been wondering in the last couple of years that when the property market across the country had been witness to slowdown, how come Coimbatore market kept its momentum up with no visible signs of stress. As a matter of fact, the property prices in the city across the asset class noticed upward movement in the range of 10-15 per cent, thus bucking the trend of slowdown.
Track2Realty: Globally, as project delays, cost overruns and liquidity constraints continue to trouble the real estate and construction sectors, Building Information Modelling (BIM) has emerged as one of the most reliable tools to eliminate challenges and reduce the capital cost and carbon footprint by over 20 per cent.
Track2Realty Exclusive: A report released by BNP Paribas earlier this year on realty firms found that each of them performed poorly on one or more of the parameters. Some of the assessment parameters include compensation structure, ability to retain key personnel, financial stability, pending litigation and trading in own stock.
Track2Realty: The Housing Sentiment Index (IIMB MB HIS) assessed by IIM Bangalore and Magicbricks forecasts that homebuyers across 8 of the 10 cities surveyed expect real estate prices to rise over the next six months. The aggregate Housing Sentiment Index (HSI) measured across 10 cities this quarter stood at 108. (An HSI score of 100 suggests the prices would remain static).
Track2Realty: Tata Housing, has announced the launch of its mixed use township at Colombo in Sri Lanka. The project in partnership with UDA (Urban Development Authority) of Sri Lanka will commence its operations with starting construction of residences for rehabilitation of the current tenants in the phase one and also launch a mix use development project at slave Island in Colombo. The company will invest over $ 400 million for the project.
Track2Realty: CBRE received 11 national awards and the peak regional award for Best Property Consultancy for the second year running at the prestigious Asia Pacific Property Awards 2014. CBRE India received the Highly Commended award in the Property Consultancy category for the second year in a row.
Track2Realty: Oberoi Realty has announced its results for the fourth quarter of FY14 and full year FY14. The company has recorded consolidated revenue of Rs. 855.51 crore for FY14 as against Rs. 1,147.52 crore for FY13. The consolidated revenue is Rs. 228.49 crore for Q4FY14 as against Rs. 185.95 crore for Q3FY14 and Rs. 325.99 crore for Q4FY13.
Track2Realty Exclusive: With a vision to make India a housing surplus nation from being the housing shortage country, CREDAI has been campaigning to make the business environment congenial for growth. But the realty bill, in its current form and shape, stifles the honest developer and scares away new entrepreneurs from entering the sector.
Track2Realty: Tata Housing Development Company has strengthened its presence in Kolkata by launching Avenida in the Central Business District area of New Town, Rajarhat, Kolkata. Avenida is a luxury residential gated community with sleek 29 storied towers designed to balance a sweeping curvilinear boulevard with magnificent views of the green landscape.
Track2Realty: Investment-grade office space demand slowed down in the first quarter of 2014, with around 6.3 million sq. ft. of Grade A office space getting absorbed across the leading cities of the country. Transaction activity was dominated by the National Capital Region (NCR), Bangalore and Chennai.