Realty News Roundup: News Corp Integrates PropTiger's Luxury Real Estate Listings With Mansion Global; Puducherry Applies For Smart City Tag

July 23 2015   |   Proptiger

As demand for homes would be more stable in affordable markets, developers in such markets would fare better in the next one year, says Moody's. (Wikimedia)

Realty News Roundup is PropGuide's selection of top stories from the real estate sector 

Top News  

Media giant News Corp announced that it will display the high-end luxury homes listed by PropTiger.com on its luxury real estate website, MansionGlobal.com. Industry analysts expect News Corporation to engage more in such global integration in the near future. Read here. 

 

An India Ratings report estimates that the Centre's scheme to build homes for all by 2022 will boost India's GDP by Rs 15 lakh crore over the next seven years. The report expects the scheme to generate employment opportunities and help the services sector grow. Read more.

 

Puducherry emerged as the first Indian city to send its nomination for the Smart City project to the Union Urban Development Ministry. Read here.

 

Reports suggest that Gurgaon is paying the price for its civic mess and poor local governance because two other cities in Haryana, Karnal and Faridabad are out-competing Gurgaon in the Smart City Challenge . Read here. 

 

In a ranking of countries that made great strides in sustainable building design, India was ranked third. The ranking was published in the second annual report of the US Green Building Council. Canada and China were ranked ahead of India, in first and second positions respectively. Read here.

 

According to reports, two Singaporean developers are likely to bid for the development of a new capital city in Andhra Pradesh. The state has created a master plan for its new capital city, Amaravati. Read more.

 

Off the front page

 

Bollywood stars still see real estate as a safe and secure investment. Actor Govinda, according to reports, has bought land in Uttar Pradesh. Earlier, Amitabh Bachan had invested in similar assets. Read here.

 

The finance arm of truck maker Ashok Leyland announced that it would form a housing finance company that focuses on affordable homes for people in the unorganised sector. Read more.

 

The Chennai Real Estate Agents Association (CREAA), will now be known as NAR (National Association of Realtors) India and will institute greater self-regulation and accountability. Read here.

 

Opinion

 

Raju Narisetti, Senior Vice President, Strategy, News Corp, who has been instrumental in steering the world's fourth largest media group's recent investments in India, explains the company's plans for India and the scope of digital media in the country in an interview published by The Indian Express, here. News Corporation owns 30% of the stakes in PropTiger.com. In another conversation, Narisetti elaborates on this. Read here.

 

Read Vivek Kaul's column, which was written as a part of a series on real estate in FirstPost.com. Vivek Kaul is the author of the 'Easy Money' trilogy. Click here.

Tags:
Buyers Luxury homes Smart city build home for all NewsCorp