Real estate market: How to build India's future cities – ECONOMIC TIMES, 3rd Sep 2013 The main reason that the Indian real estate market finds itself in trouble today is that prices have become unaffordable, even for most professionals. The underlying reason for this is an artificial scarcity of land in our cities. http://economictimes.indiatimes.com/opinion/editorial/real-estate-market-how-to-build-indias-futurecities/articleshow/22241847.cms Around 60% of Jabong.com’s revenue comes from small towns – LIVE MINT, 3rd Sep 2013 Arun Chandra Mohan , founder of Jabong.com, said the online fashion retailer is getting more than half of its sales from small towns, where people do not have access to brands such as DKNY and Benetton. The retailer’s sales have increased in “high double digits” in the past three months, Mohan said in an interview, even as the Indian economy grew at 4.4% in the three months ended June, the weakest pace since 2009. http://www.livemint.com/Industry/TIS9zOdqN8OaZRZDkhu26H/Around-60-of-Jabongcoms-revenuecomes-from-small-towns-f.html Developers take freeway route to sell their projects – TIMES OF INDIA, 3rd Sep 2013 Developers launching projects are using the Eastern Freeway as a marketing tool by highlighting the reduced commuting time to South Mumbai. With property prices in areas like Chembur increasing by 25% over the last two years, a report says areas closest to the freeway's entry and exit ramps will emerge as stronger locations. http://timesofindia.indiatimes.com/city/mumbai/Developers-take-freeway-route-to-sell-theirprojects/articleshow/22242193.cms Land Bill to hit project timelines, hike cost estimates – TIMES OF INDIA, 3rd Sep 2013 Rating agency Crisil on August 30 said Land Acquisition Bill, which was passed by Lok Sabha , will lead to an increase in the gestation time of projects and overall costs. http://content.magicbricks.com/land-bill-to-hit-project-timelines-hike-cost-estimates/ Worli: The ultimate destination for luxury – TIMES OF INDIA, 3rd Sep 2013 Worli, situated in the heart of Mumbai city, is witnessing a flush of residential projects that are redefining the meaning of luxury living. Developers in Worli are dishing out projects that are set to change the way people live in Mumbai. With a price tag of Rs 10 crore and above, lavish and magnificent homes is the new mantra in Worli. http://content.magicbricks.com/worli-the-ultimate-destination-for-luxury/ DLF brands ends franchise partnership with Italy’s Alcott – ECONOMIC TIMES, 3rd Sep 2013 DLF Brands, a DLF subsidiary that retails fashion brands in the country, has ended its agreement to sell Italian company Alcott's collection, according to its managing director. http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/dlf-brands-endsfranchise-partnership-with-italys-alcott/articleshow/22241762.cms 'We still have around 90 screens opening up this year' – BUSINESS STANDARD, 2nd Sep 2013 After gobbling multiplex chain Cinemax Ltd, Ajay Bijli, the CMD of multiplex major PVR Ltd has become even more aggressive on increasing the cinema exhibition business in India. http://www.business-standard.com/article/companies/we-still-have-around-90-screens-opening-up-thisyear-113090100258_1.html IHG ties up with Omaxe for 150-room hotel in New Chandigarh – ECONOMIC TIMES, 2nd Sep 2013 Global hospitality major InterContinental Hotels Group (IHG) today said it has entered into an agreement with real estate firm Omaxe to open a 150-room hotel under its brand Holiday Inn in New Chandigarh. http://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/ihg-ties-upwith-omaxe-for-150-room-hotel-in-new-chandigarh/articleshow/22225891.cms The housing market: Pop goes the bubble – LIVE MINT, 2nd Sep 2013 The latest housing price data released by the National Housing Bank (NHB) last week suggests that home prices have begun to correct. India has traditionally suffered from the lack of a proper gauge of housing prices, with most of the public information based on reports by real estate brokers who have few incentives to publicize price decreases. http://www.livemint.com/Opinion/dNavKUl9oQmHN39SX4GZfO/The-housing-market-Pop-goes-thebubble.html Appreciating Locales of Kolkata Real Estate – SILICON INDIA.COM, 2nd Sep 2013 Kolkata city has been an attraction to occupations of different economic streams, over the last decade. This period has also witnessed a recuperated vigor of real estate developers and their operations in all the subsectors of real estate in this city. Known for its cultural and literal significance, Kolkata today has emerged as an invitingly prominent location for growing service sector and subsequently expanding dwellings in the metropolitan area. http://www.siliconindia.com/realestate/news/Appreciating-Locales-of-Kolkata-Real-Estate--nid153445.html Noida set to be a hub of premium properties – TIMES OF INDIA, 2nd Sep 2013 The real estate market in Noida has performed well in the last few years. With its unique selling attribute of being affordable as compared to Delhi and Gurgaon, Noida has been eyed by both investors and end users. Today, with growth in terms of physical and social infrastructure, Noida is gearing towards becoming a premium residential market with maximum availability of properties valued at Rs 1 crore and above. http://content.magicbricks.com/noida-set-to-be-a-hub-of-premium-properties/ Lifestyle International reports strong increase in sales – LIVE MINT, 2nd Sep 2013 Lifestyle International Pvt. Ltd , which owns the eponymous department stores, apparel retailer Max and home furnishings and furniture seller Home Centre , is reporting a strong increase in sales as stable prices, market share gains and an improved product mix drive a recovery in demand. http://www.livemint.com/Industry/Pg1QzUDRKuBgYDAKpekISI/Lifestyle-International-reports-strongincrease-in-sales.html Plan for Rs 2,100-cr push to develop 8 towns around Bangalore – HINDU BUSINESS LINE, 2nd Sep 2013 The Karnataka Government is drawing up a Rs 2,100 crore project with loan assistance from Asian Development Bank, to develop and upgrade eight city clusters around Bangalore to woo investment and ease the load on the State Capital. http://www.thehindubusinessline.com/news/states/plan-for-rs-2100cr-push-to-develop-8-towns-aroundbangalore/article5086408.ece The land Bill is pro-bureaucracy, anti-farmer – BUSINESS STANDARD.COM, 2nd Sep 2013 Fast economic growth in the last two decades has increased demand for land from many sources, such as infrastructure, industry, mining, and urbanisation, including real estate. Even when these activities are funded privately and are driven by profit motive, they serve a social purpose since employment generation per unit of land is higher for non-agricultural uses than for agriculture ones. http://www.business-standard.com/article/opinion/the-land-bill-is-pro-bureaucracy-anti-farmer113090100719_1.html Delhi Master Plan-2021 will unlock a new wave of urbanization – TIMES OF INDIA, 2nd Sep 2013 Delhi may soon see a flurry of real estate activities. A path-breaking policy, which has been incorporated in Delhi Master Plan-2021, will make available around 21,000 hectares of land for residential purposes and around 2,073 hectare for commercial activities in the periphery of the existing city http://content.magicbricks.com/delhi-master-plan-2021-will-unlock-a-new-wave-ofurbanization/?fromSite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-mb-whitelabel Homes in Rs 30-40 lakh budget in Navi Mumbai – TIMES OF INDIA, 2nd Sep 2013 Exorbitant real estate prices in Mumbai, have pushed residential demand towards Navi Mumbai. Today, the urban sprawl into the sub-city, has crossed all limits and has resulted in realty prices shooting up in Navi Mumbai too. However, despite the growing demand and consequent rise in capital values, one can still find a home for oneself in Navi Mumbai, within the affordable range of Rs 30-40 lakhs. http://content.magicbricks.com/homes-in-rs-30-40-lakh-budget-in-navimumbai/?fromSite=toi&utm_source=toi&utm_medium=referral&utm_campaign=toi-mb-whitelabel GATERE Real Estate & Infrastructure Advisory Services Pvt. Ltd. 306 B, Level 3, Naman Mid Town, Elphinstone (West), Senapati Bapat Marg, Mumbai - 400 013 Tel: +91 95822 00797 www.gatere.com To ensure that you continue to receive emails from us, add [email protected] to your address book today. If you do not wish to receive any further communications, please reply to this mail with Subject line “Unsubscribe”.
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