Track2Realty: It is going to be quite a hard sell for the real estate developers this festive season as a huge increase of 30% quarter–on–quarter in 2014-15 in new launches in the residential segment met with inventory further going up by 6.7% in the same period, according to an ASSOCHAM recent paper.
Track2Realty-Agencies: The Delhi High Court on Friday, Oct 10, dismissed DLF Home Developers Ltd’s plea questioning whether CCI had the jurisdiction to probe allegations of anti- competitive practices against it in respect of its residential projects in Gurgaon.
Track2Realty: A few years back, Hyderabad was offering the likes of Bangalore stiff competition for attracting office space investments. Today, the formation of a new state, a new government and a stabilized political environment are yet to instill the confidence that is needed to revive Hyderabad’s real estate fortunes.
Track2Realty: CBRE’s India Office Market View for Q3 2014 reports on the status of Grade A office space in the country’s leading cities. The third quarter observed strong demand for prime office space with around 8 million sq. ft. of office space getting absorbed.
Track2Realty Exclusive: At a time when the buzz word across the country has been the inevitable reality of urbanisation and the need to create smart cities the urban planners are wondering which are the Indian cities that can claim to be close to the desired smart index. More importantly, which are the cities that have managed urban development along with the pace of business and economy to emerge as the truly developed cities with self sustaining physical and social infrastructure that could be a magnet for big ticket investment?
Track2Realty Exclusive: While in many other property markets across the country the developers are planning freebies & discounts to attract the buyers, in Gurgaon the demand and supply cycle of the property market is showing a different trend altogether. With very few inventory hangover of ready-to-move stocks available and the macro-economic outlook reviving, the buyers are back in the market and even though a price rise is on the cards the festive spirit is yet driving the home buyers to the market.
Track2Realty Exclusive: A stable property market otherwise, Pune like any other city has also been witness to the slow sales in the last few years. The overall macro-economic slowdown had taken its on the psyche of the home buyers who were sceptical about the fortunes of the city property market. Even the buyers who had no affordability issue were also not unaffected by the bearish sentiments.
Track2Realty: US-based realty firm Hines has announced a tie-up with a global fund to invest US$ 250 million (over Rs 1,500 crore) in various housing projects in India.
Track2Realty: It is increasingly being observed that standalone luxury hotels are becoming unviable in the country, especially in the case of owned, built projects where the land is acquired, and typically comes at a high cost exceeding 40% of the total development cost.
Track2Realty Exclusive: The real estate has by and large welcomed the move to bring the slum redevelopment and rehabilitation projects under the ambit of Corporate Social Responsibility (CSR). It has been a wish that hat was granted even before the sector could get vocal with the wish list. It is hence no surprise that some of the adjectives that the Finance Minister’s announcement could earn have been ‘a game changer’ or ‘a corporate catalyst’ and ‘investment magnet’.