Track2Realty-Agencies: News Corp has acquired a major stake in an Indian digital real estate company, continuing the company’s aggressive expansion into attractive early stage markets around the world.
Track2Realty: A high-rise is a tall or multi-storied building equipped with elevators, but various bodies have defined the term ‘high-rise differently. For instance, the International Conference on Fire Safety in High-Rise Buildings pessimistically defined a high-rise as a structure where height can seriously impact evacuation, while the Shorter Oxford English Dictionary merely refers to high-rises as buildings having many stories.
Track2Realty: Technically speaking, retirement home projects are developed keeping in mind certain age groups, and should ideally be designed with special facilities to make life more comfortable for senior citizens. However, the on-ground interpretation in India has for the longest time been that any project and location that fits a certain budget and requirements is potentially a suitable ‘retirement home’.
Track2Realty: Chief Minister Devendra Fadnavis’ announcement of his intention to make Pune the IT capital of India has brought mixed reactions. However, this is not a Utopian dream but in fact becoming a reality even as we speak. Pune and information technology are already inseparable concepts today, and all it will take is a decisive push by the BJP government to establish it as the country’s foremost IT hub.
Track2Realty: The completion of several large transactions—including a couple of deals worth overUS$ 500 million each—pushed up the total real estate investment volume in the Asia Pacific region in the June–September period to US$ 35 billion, a quarter-on-quarter increase of about 40% (as per the CBRE APAC Capital Markets MarketView Q3 2014 report).
Track2Realty: The daily papers are replete with complaints by buyers who had been led astray or otherwise victimized by fly-by-night developers who specialize in launching small one-off projects and then wash their hands off the project. In a market environment where the exists a high degree of customer awareness with regards to most products, how can this continue to happen?
Track2Realty-Agencies: Bollywood actress Priyanka Chopra has been roped in to endorse Unnati Fortune Group. She will be seen in marketing and promotional campaigns that would be rolled out shortly by the company.
Track2Realty: Ahuja Constructions’ Prasadam, a residential township at Ambernath (East) has launched its new phase,‘Vrindavan’. It is an integrated township sprawled over 40 acres, aimed at promoting the concept of community living. It has over 5 lakh sqft of landscaped gardens and caters to the varying needs of buyers, offering 1, 2 and 3 BHK apartments.
Track2Realty: The month of October saw the government easing Foreign Direct Investment (FDI) norms to boost India’s construction sector. The announcement is expected to widen the sector’s investor-base by allowing FDI in smaller projects of 20,000 sq. m. instead of 50,000 sq. m. from firms with capitalization of US$5 million instead of US$10 million.
Track2Realty-Agencies: The Centre is in the advance stage of finalising the contours of its ambitious 100 smart cities’ project and has sought comments and suggestions from the private sector including the academia and the industry, a top Urban Development Ministry official said at an ASSOCHAM event held in New Delhi on Nov 12, Wednesday.