Integrated townships can reduce the burden on infrastructure and provide a fulfilling lifestyle for buyers, at a much reduced cost all round. Gulam Zia, National Director – Research & Advisory Services, Knight Frank India points out, “Of late, the planning authorities and Government bodies have realised the importance of integrated townships and are giving special concessions for creation of such townships.
Sahara India today announced it would develop a new city near Dhaka called Notun Dhaka and has signed agreement with the Bangladesh government to invest in housing sector of neighbouring nation.
Chennai real estate has suffered a major jolt as three of its leading builders, DLF, Hirco and Hiranandani, have been removed from the builders’ body, the Confederation of Real Estate Developers’ Association of India (CREDAI ). Yet another major builder, Vijay Shanthi, has opted out of CREDAI membership on its own. Trouble is brewing in CREDAI’s Karnataka unit too, where four builders have been expelled.
The Royal Institution of Chartered Surveyors (RICS) and Vestian Global Workplace Services have released a PAN India in-depth study ’Assessment of IT campus environments’.
It is no more portfolio diversification that is driving the real estate developers into medical realty, it is rather a serious business as Track2Realty observes. After all, no other vertical of realty is as resilient to macro economic conditions as healthcare realty and it also needs more space than retail in the year ahead.
SARE Homes (South Asian Real Estate) has launched ‘Petioles’, privacy apartments with Gurgaon’s first luxury private Sky Deck in Gurgaon, Sector 92. Developed on a sprawling 48-acre integrated township, Petioles claims to be Gurgaon’s first luxury private ‘Sky Deck’ consisting of a viewing deck, yoga and meditation zone, viewing deck, water wall and putting green.
Manesar was envisaged as a model township encompassing residential real estate as well as commercial office and industrial establishments. Hence, it was appropriately christened as IMT (Integrated Manesar Township).
One of the main features of the real estate ecosystem is transparency. However, on the contrary, the market is considered as an information-inefficient market, where seller tends to provide less information to the buyer.
DLF now extends its footprints further by launching a plotted development, Hyde Park Estate at DLF New Chandigarh and Park Place, a luxury apartment complex in Jalandhar.
Pragnya Advisors, the private equity (PE) fund focussed on real estate, has entered into two deals in Colombo and Rajahmundry, Andhra Pradesh for an investment of $100 million second fund.