Brys Group gives Rs 330 crore construction contract to UAE’s ACC
Track2Realty-Agencies: Brys Group has given a Rs 330-crore contract to UAE-based Arabian Construction Company for the development of 81-storey tower in Noida.
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Brys Group unveils ‘Brys Buzz’ Show Apartment
Track2Realty: Brys Group has unveiled the show apartment of its landmark project ‘Brys Buzz’, North India’s tallest residential tower. UAE’s leading Arabian Construction Company is building the iconic tower which is standing at the highest permissible limit of 292 meters with a towering 81 storey. The project is located at Sector 150, Noida.
Godrej Properties adds a new project in Gurgaon
Track2Realty: Godrej Properties has added a new project in Sector 79, Gurgaon to its development portfolio. The land parcel measures 17.4 acres and the project will be developed as a premium residential housing project. The expected saleable area in the project is .15 million square meters (1.6 million sq. ft.).
How real is generation change in Indian realty-II
Track2Realty Exclusive: Not all stories are such fairy tales in the covert clash of mindset between the second generation and their predecessors. When Ratnesh Shah (name changed on request) joined the real estate business that his father had raised from the scratch after a long stint as broker, he had pretty discomfort, not just with the unorganised and unregulated nature of the business, but even more with the opaque way his own organisation used to operate.
Godrej Properties launches Godrej Gold County in Bengaluru
Track2Realty: Godrej Properties has launched residential villa project, Godrej Gold County, at Tumkur Road, Bengaluru. Spread over approximately 12 acres, this project will comprise of 87 villas built over a total saleable area of 2.8 lac sq. ft. Customers can choose from 4 types of contemporarily designed villas ranging in size from 3,303 sq. ft. to 4,113 sq. ft., at prices starting from Rs. 2 crores.
Cushman & Wakefield appoints Manish Aggarwal as the North India operations lead
Track2Realty: Cushman & Wakefield has appointed Manish Aggarwal, Executive Director, India as the North India operations lead for all service lines. Manish will be responsible for providing strategic direction to Cushman & Wakefield’s Northern India business and facilitate enhanced service delivery.
Time to move from concrete jungles to green jungles
Track2Realty: In most Indian metros, people have reached a point where the word “nature” has become a distant dream which they hope to enjoy on a vacation. All they get to see are tall scrapers coupled with a massive amount of pollution. Children in these cities do not know what it means to wake up to the chirping of birds, or even the view of sunrise. Most of India experiences such encounters with nature. However, people in metro cities are missing out on this special experience.
Investing in gold more profitable than real estate: Assocham
Track2Realty-Agencies: Investments in gold have yielded higher returns compared to those in equity and real estate in India during the last three years, according to a study.
Bangalore luxury homes – a billion dollar market
Bangalore’s luxury residential market seen a major transformation in the recent past, with the Kingfisher Tower setting a new capital values benchmark (northwards of Rs. 30,000/sq.ft) in the super luxury category. The new dynamics being seen now have been referred to as the ‘coming of age’ of Bangalore’s residential market, and I agree with this definition. We are certainly witnessing a remarkable maturing process here.
The Indian real estate market – A view from the top
Interest from international real estate investors in Indian real estate has been limited in 2012. India has witnessed 6% q-o-q growth in direct commercial real estate in Q1 2012, as compared to China which has seen negative growth of -45%, however China performed better in Q2 2012 on the back of one mega deal. In Brazil, investment volumes seem to be reaching a more ‘normalised’, sustainable pace following the supercharged 2010-2011 period.