Browsing: Track2Realty Newsletter

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Headlines China Real Estate, China Property Market, China Property Crisis, Mortgage Ban, Mortgage Boycott, Housing EMI

Does China’s ‘Mortgage Boycott’ have any lessons for India?

Buy a house with mortgage and then get so frustrated with the delays that you just stop paying the EMIs. This sounds funny, illegal and outrageous, but has already started trending in the world’s largest property market of China. The global property markets in general and susceptible markets like India in particular are watching the developments in the neighbourhood with a hope & prayer that such unpleasant events should not confront them. A Track2Realty analysis.

Editorial PNC Menon, Sobha Limited, Sobha Dubai, Dubai Real Estate, Best brands. Real Estate Brands, Legends of Real Estate, Real Estate Veterans

Quality & legal compliances key for global brand success: PNC Menon

While other developers aspiring to go global are tying up with international brands, PNC Menon, founder and Chairman Emeritus of Sobha Group believes in organic growth of the brand. In an exclusive interview with Ravi Sinha at his Dubai office, he explains how Sobha has the inherent resilience to succeed anywhere in the global market. Focus on quality & don’t break the law is his mantra of global brand leadership. 

Consumer Connect Home Buyers Trapped, Supertech, Supertech Twin Towers, Supertech Demolition, RK Arora, Mohit Arora, Noida Real Estate Market, Indian Property Market, India Real Estate News

Supertech or no Supertech – housing market a systematic trap for buyers

News reports of real estate nowadays is making me religious. The reports about Supertech Twin Tower demolition is giving me “SPIRITUAL” feeling. If these media reports are to be believed, henceforth all the government officials will be careful in sanctioning the building plans, builders will be fearful with the law and the judiciary will be trusted as more pro-active than reactive. Isn’t it a proverbial “Ram Rajya” for the home buyers?

Finance GST Tax, GST Real Estate, India Real Estate News, Indian Property News, Real Estate Taxes, Under Construction GST

GST to dampen rental housing market

Ramneek Patel, an MNC executive in Gurugram is on a company leased accommodation and the HR is deducting INR 40,000 per month for his rented apartment. Now that the Goods & Service Tax (GST) has been imposed for rental residential units to companies, he has been told by the company that the said liability will be passed on to the employees living in company leased apartments. They can otherwise find an apartment on their own.

Commercial Demand Drivers of Commercial Real Estate, Commercial Real Estate, Commercial Property Market, Retail Spaces, Office Spaces, Commercial Property Investments

Emerging demand drivers of commercial real estate

Real estate in general and its future growth in particular is defined by its demand drivers. It is relatively easier to forecast the demand drivers in the residential sector. Reason being that the economic activities indicate the migration of the workforce and hence inherent need for housing. However, to forecast the emerging economic activity, both sector wise and region wise, is more often than not guesstimate, finds Track2Realty.

Consumer Connect Independence Day, India at 75, Freedom From FSI, FSI, FAR, FSI & Density Norms, FSI Free Cities

Will freedom from FSI lead to affordable housing for all?

Freedom is a luxury and it means different things to different set of people. The stakeholders within the built environment of the Indian real estate too have their own set of definition when it comes to what defines their freedom. While for a home buyer, freedom is to have a rent-free house of one’s own at an affordable price, for the developers the quest has been freedom from multiple bottlenecks – single window clearance, industry status, easy funding and, most importantly, FSI free developments. Track2Realty investigates whether ‘Freedom From FSI’ would be boon or bane. 

Policy Indian Flag, Indian Independence, Independence Day, Freedom At 75, India's Urban Policies, India's Housing Policies, Indian Urbanisation

India’s tryst with urban housing since independence

India’s urban housing today could at best be described as a soda bottle syndrome where the constant rural push to the select few urban centers could explode at any given point of time. It is not that the policy makers are unaware with the growing population and its dependence over the metro cities. As a matter of fact, when the country’s first planned city, Chandigarh, came into existence as a horizontal city that could cater as the capital of both the Punjab and Haryana State, it seemed to be independent India’s first tryst with organized urban planning in general and its housing solution in particular.

Editorial Abhishek Kapoor, Puravanakara, Provident Housing, Ashish Puravanakara, Puravankara Share Price, Puravankara Stocks

Corporate governance fundamental framework to guide Puravanakara: Abhishek Kapoor, CEO, Puravankara Limited

Corporate governance is a core principle that cuts through the entire value chain of Puravankara, claims Abhishek Kapoor, CEO of Bengaluru-based company. In an exclusive interview with Track2Realty, he shares how transparency, integrity and respect are central to the company’s internal and external stakeholder relationships. Puravanakara has also established a strong ESG framework that guides the decisions as a business and a responsible corporate citizen. Excerpts of the interview:

Company News Ashish Puravankara, Puravankara, Purva Asset management, Purvankara AIF, Puravankara Alternative Investment Fund, Real Estate Funding Gap

Puravankara announces first close of INR 750 crore Alternative Investment Fund

Puravankara has closed its targeted AIF (Alternative Investment Fund) of INR 750 crore (including a green shoe option of INR 250 crore). The company targets the final close of the Fund by September 2022. The Fund will invest in a mix of plotted developments and mid-sized mass housing projects under the ‘Purva Land’ and ‘Provident Housing’ brands.

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