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» NGT stay order against dump yard in Noida 138A

When Gaurav Choudhury, a journalist by profession, bought an apartment in Noida Sector 137 along Noida-Greater Noida Expressway, he was confident to invest in an organized property market where the master plan being rolled out by the Noida Authority could tell him about the present and future developments.

The post NGT stay order against dump yard in Noida 138A appeared first on Track2Realty.

» Victoryone buyers coerced to pay arbitrary demands

Coercing the buyers at the project Victoryone Central in Noida Extension to pay arbitrary demands, the builder is flouting all business ethics, established market norms and his own one-sided Builder Buyer Agreement (BBA).

The post Victoryone buyers coerced to pay arbitrary demands appeared first on Track2Realty.

» Embassy Group sells most expensive home in South India

The 30th-floor single level unit of the new Four Seasons Private Residences at Embassy ONE has been sold for a record-breaking INR 50 crores, the highest price ever fetched for a branded residence in South India.

The post Embassy Group sells most expensive home in South India appeared first on Track2Realty.

» Supertech facility management a case study in conflict

The residents of a housing society, Supertech Emerald Court, in Noida were taken aback one fine morning when they found the office of facility management locked. The builder had left the maintenance overnight after having tussle with the Residents’ Welfare Association (RWA) for quite some time over the maintenance, or rather the lack of it. The residents alleged that the builder had left them in the lurch as it was not a proper handover of maintenance to the RWA.

The post Supertech facility management a case study in conflict appeared first on Track2Realty.

» Miles to go for best practices in Indian real estate

The developers are by and large living in denial. The deep rooted psyche is that once the market conditions improve the buyers have no choice but to run for an asset class that is not only need-based but also a business where the demand far exceeds the supply. This medieval thought process is in fact the biggest roadblock in the way of best practices gaining ground in the Indian real estate.

The post Miles to go for best practices in Indian real estate appeared first on Track2Realty.

» Policy advocacy contradictory in Indian real estate

During the CREDAI national convention few years back, a miffed real estate seemed to settle scores with the then Union Urban Development Minister Kamal Nath. Displaying stiff opposition to the proposed real estate regulator, the builders’ body went critique to say it is not actually a regulator bill, but builders’ harassment and public amusement bill.

The post Policy advocacy contradictory in Indian real estate appeared first on Track2Realty.

» Shift from product-based to service oriented mindset

Real estate industry in our nation has always been in question due to prevailing autonomous rules and guidelines of every developer. There is an immediate need of a governing body which can address all such concerns of the sector. Government of India at national level has already introduced RERA which will address all these concerns.

The post Shift from product-based to service oriented mindset appeared first on Track2Realty.

» Admitting fault, Noida Authority urges NGT to dump garbage in 138A

In its reply to the National Green Tribunal (NGT) in the case filed by journalist Gaurav Chaudhary & others, the Noida Authority urges the NGT to let it allow unauthorized dumping the garbage in sector 138.

The post Admitting fault, Noida Authority urges NGT to dump garbage in 138A appeared first on Track2Realty.

» NGT snubs Noida Authority; refuse to lift ban on dump yard

The National Green Tribunal (NGT) refused to lift the ban on dumping of garbage at Sector 138A of Noida and asked the Noida Authority to prepare a plan for shifting of the illegal dump yard to the site earmarked for the purpose.

The post NGT snubs Noida Authority; refuse to lift ban on dump yard appeared first on Track2Realty.

» Baggage of trust deficit & best practices

The industry body Confederation of Real Estate Developers' Association of India (CREDAI) has thus far failed to act against the erring builders. They had only been vocal with a resolve to suspend the members who have repeatedly gone back on promises to buyers.

The post Baggage of trust deficit & best practices appeared first on Track2Realty.

» Affordable housing steals the show in 2017

The Central and States governments are now contemplating many ways and means to provide access to housing for all. Affordable housing will not only fill the housing gap but be the next major economic growth driver by creating more than 2 million jobs during the period till 2022.

The post Affordable housing steals the show in 2017 appeared first on Track2Realty.

» Focus on end users driving Bangalore: JC Sharma, Sobha Ltd

JC Sharma has been witness to the emergence of Bangalore as the ‘Destination Indian Realty’. He feels it is not just the business potential of the city that makes it an investment magnet. Rather, there are real estate related catalytic factors, like the developers’ focus on end-users, innovation with the product and adoption of advanced technology that makes Bangalore numero uno of Indian real estate.

The post Focus on end users driving Bangalore: JC Sharma, Sobha Ltd appeared first on Track2Realty.

» Noida Authority CEO transferred amidst controversy

Amit Mohan Prasad has been alleged to ask for personal favours from a builder, Grih Pravesh Buildteck. Though Track2Realty does not either endorse or deny the allegations, the documents shown by the builder has clearly established clash of interest on part of the Noida Authority CEO, Amit Mohan Prasad.

The post Noida Authority CEO transferred amidst controversy appeared first on Track2Realty.

» Greater potential of Greater Faridabad

HUDA (Haryana Urban Development Auhtority) is making all efforts to project the market as investment destination and once operational the KMP (Kindly-Manesar-Palwal) Expressway will connect the Neharpar area with Delhi and Gurgaon. A three-km flyover between Delhi and Faridabad which will ease traffic bottlenecks at the Badarpur border has already cleared the traffic bottlenecks in the area. Six-laning of the existing bypass road starting from Badarpur, parallel to the Agra and Gurgaon canals is further adding to its connectivity.

The post Greater potential of Greater Faridabad appeared first on Track2Realty.

» Measures to make REIT a game changer

How relevant is the introduction of REITs when it comes to providing a new opportunity to get funds for the Indian real estate industry? Consider first, that India’s real estate has struggled to reduce debt, given that interest rates are among the highest in Asia. And, also consider that REITs will provide investors an opportunity to buy into India’s real estate market – these two aspects are just the basics.

The post Measures to make REIT a game changer appeared first on Track2Realty.

» Upgrading lifestyle actual luxury across all categories

When you offer a good quality 1 BHK apartment, with a well-planned society, to a slum dweller, you are offering sheer luxury to that person/family. Moving into a proper apartment, in a semi high-rise, for urban-challenged citizens in Mumbai not only means luxury but a life-transforming development.

The post Upgrading lifestyle actual luxury across all categories appeared first on Track2Realty.

» Ritesh Sachdev joins Colliers as Sr Executive Director

Ritesh has over 17 years of experience in the real estate and construction industry in India, both with International property consulting and development companies. Ritesh joins Colliers International from Cushman & Wakefield (C&W), where he held the position of Managing Director, South India and led key occupier and developer relationships across the region.

The post Ritesh Sachdev joins Colliers as Sr Executive Director appeared first on Track2Realty.

» Godrej Properties adds a new project in Thane with Nirmal Ventures

This project will be developed under a development management agreement. Spread over 14 acres, the project will offer approximately 1,95,000 square metres (2.1 million square feet) of saleable area and will be developed as a residential development comprising of modern residential apartments of various configurations along with a small retail component to support this residential development.

The post Godrej Properties adds a new project in Thane with Nirmal Ventures appeared first on Track2Realty.

» Smart buyers driving smart homes

Smart Home is a concept which is gaining acceptance with the Indian consumers these days as many residential developers are incorporating this concept in their luxury projects. Essentially, a smart home integrates state of the art technology in the electrical devices that enhances the experience as well as makes life easier. With a busy lifestyle, the affluent consumers nowadays demand integrated houses which can be controlled remotely.

The post Smart buyers driving smart homes appeared first on Track2Realty.

» Affordable luxury demand driver in periphery locations

The satellite towns and periphery locations of major cities across the country has been stigmatised as the last refuge of the struggling home buyers. The collective consciousness looks at these locations meant for buyers who have no choice but to compromise with their wants and needs. These locations often have not helped their cause with poor infrastructure and connectivity, thus lending credence to the critics’ aspersions as down market locations.

The post Affordable luxury demand driver in periphery locations appeared first on Track2Realty.

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