Demand for office space to increase to 30 mn sq ft this year: DTZ
Track2Realty: The demand for office space is likely to increase to 30.5 million sq ft this year, global real estate advisor DTZ said.
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Realty debates as Union Housing Minister sets tone on FSI issue in Mumbai
Track2Realty Exclusive: For quite some time the developers in Mumbai were making pitch for the review of FSI in the city which they termed as archaic. Their grouse has not been lacking the merit also. Facts speak for themselves. In 1964, FSI was introduced and set at 4.5 in Mumbai.
CREDAI hails Rahul Gandhi’s inclusive growth idea
Track2Realty: Appreciating Congress vice president Rahul Gandhi’s vision of inclusive growth, realtors’ apex body CREDAI on Thursday, April 4, expressed the hope that the idea translates into action in the years to come.
UAE developer to launch 1 bn dollar property project in India
Track2Relty-Agencies: Dubai-based private developer DAMAC Properties has said it is launching phase two of a $1 billion project of luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
Indian expatriates drive Dubai’s realty sector growth
Track2Realty-Agencies: Indian expatriates are among the top investors in Dubai’s property market, which is expected to grow 10-12 percent this year, company officials and analysts say.
Cabinet defers decision on real estate regulator Bill
Track2Realty-Agencies: The Union Cabinet today deferred considering a draft law to set up a regulator for the real estate sector with provisions for jail term for the developer for putting out misleading advertisements about projects.
Emerging financial capital of India attracting office occupiers-III
Track2Realty Exclusive: The Knight Frank Research finds overall fall in office absorption when compared to the corresponding quarter last. Approximately 1.35mn.sq.ft was transacted in Q3 FY 13, showing a 39% fall compared to the same quarter last year and 4% compared to the preceding quarter.
Godrej Properties enters new joint venture project in Pune
Track2Realty: Godrej Properties will develop a residential housing project at Undri (near NIBM) in Pune. The project, spread over 31 acres, will offer approximately 1.5 mn sq. ft of saleable area and will comprise of 1, 2 and 3 BHK apartments.
Bill to regulate real estate will not clip wings of players’
Track2Realty-Agencies: The proposed bill to regulate the real estate sector seeks to establish a transparent system of delivery and would not hamper the growth of the sector, a top government official has said.
CREDAI elects new body; vows new agenda
Track2Realty: The newly elected leadership of realtors apex body CREDAI has embarked on a multi-pronged agenda to work closely with the various governments with focus on affordable housing, green buildings and water harvesting and skill development among construction workers.