The past year has been monumental for the Indian real-estate industry. The sector, which was once unorganised, has now emerged as an established and regulated one owing to a series of progressive policy reforms by the government.
The Q2 2014 saw an approximately 26 per cent increase in quarter-on-quarter (q-o-q) total office space absorption across seven leading cities in India, from a little more than 6 million sq ft in Q1 2014 to nearly 8 million sq ft in Q2 2014, according to CBRE’s quarterly office report – India Office Market View – Q2, 2014.
Tamil Nadu has registered a year on year drop of over 75 per cent in attracting investments in the realty sector. New investments in the realty sector in the state dropped from Rs 13,600 crore to just over Rs 3,300 crore between 2011-12 and 2012-13, according to the Associated Chambers of Commerce and Industry of India (Assocham). TN has been ranked third with a share of about eight per cent in the total value of new investments attracted by the real estate sector across India during the last fi
In Odisha, real estate developers have expressed diverse opinions about the proposed bill to regulate realty sector in the country. The bill is likely to come up during the forthcoming Parliament session. While all sections agree there should be a Real Estate Regulatory Authority (RERA) as proposed, they differ on various clauses and liability provisions in the bill.
Firsts come naturally to Bengaluru-based Mantri Developers, who introduced tele-medicine for residential properties and gave customers a bare shell, allowing them to customise their homes as per their desires.