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Movements

Seven years and still moving – Mr. Jitendra Reddy, Marketing Manager, Nyati Group

A value driven company, Niyati Group is one of the most trusted home-makers in Pune’s real estate market. Passionate about their buyers’ aspirations, the group strives to help them realise their dreams, beginning with building futuristic landmarks. One of the driving forces behind Group’s success, Mr. Jitendra Reddy, Marketing Manager – Nyati Group, has been a dedicated resource with seven years of experience in sales, marketing and customer relationships. In a candid conversation with Team RealtyMyths, Mr. Reddy talks about the current real estate scenario, his personal and professional life. Here’s a glimpse of the interaction. – What is your new role at Nyati Group and how do you look forward to use your expertise to help the brand grow? I have been associated with The...

In conversation with Mr. Sachin Singh, Head-Media & Communications, Morpheus Group

Morpheus Group is today a well known name in the real estate segment. The group is currently developing Morpheus Pratiksha, & Morpheus Bluebell projects in Greater Noida and Noida. One of the guiding forces behind Morpheus Group is Mr. Sachin Singh, Head-Media & Communications. RealtyMyths spoke with him to know about the group and his personal life. Below are the excerpts from the detailed discussion: – What is your new role at Morpheus Group and how do you look forward to use your expertise to help the brand grow? I am heading the communication department of Morpheus Group and trying to add value to the brand with different tools of communication. It’s a great experience to nurture a great brand and share the right communication to the target audience – What challenge...

New role for Mr. Amrit Pal Singh joining Aprameya Group as an Executive Director

Congratulations Mr. Amrit Pal Singh for joining Aprameya Group as an Executive Director and setting up another goal in life to flourish yet another brand in the market. Tell us something about your real estate journey so far Having begun my journey as a marketer with my stint in international marketing in 1996, I gathered a lot of insight into the intricacies of business and built proficiency in handling clients from varied business and cultural backgrounds. This experience of global marketing paved my way into Real Estate. The vision and acumen gathered in my first foray as a marketer providing solutions for printing requirements of clients of a global stature and my subsequent assignments into the field of printing and advertising were a key component of my ingress to real estate. Having...

New Role for Mr. Ritesh Mathur, AGM Brand Communications, Signature Global

Congratulations Mr. Ritesh Mathur for Joining Signature Global (Joined as AGM – Brand Communications) as a key person to create a wholesome new brand identity for the company. How does it feel to join a complete new set-up? Joining a new organization is an phenomenal feeling. New opportunities, new learning, new market and new strategies. Moreover, joining a new setup is incredible since, one learns a lot and you start from the scratch to take your organization to the top. What all are the planning for the company for next one or two years? Signature Global has big plans to expand and we are aggressively looking forward to the opportunities coming our way. Our initial couple of projects are on the similar lines to each other but simultaneously very much different from the current real esta...

Mr. Raj Bhatt – Joins CBS International as AVP Sales and Marketing

Many congratulations Raj for joining CBS International as AVP Sales and Marketing. As we know that so far you have been in marketing field for education sector, how do you think this real estate going to be different for you? Answer: Both the domains are quite different in nature. Education is like a staple diet and we majorly focus on students and their aspiration values where as real estate is a kind of field where we showcase dreams and work towards fulfilling them. It’s basically an augmentation of your educational and personal life where you move ahead for a better cumulative future. Earlier I used to sale dreams where one can empower people to get right jobs and today I advice them to invest in the dreams best suited for him and his family. In real estate, selling a project is not wh...

‘Launch of new homes falls 12% in 8 cities this year’

Launch of new homes dropped by 12 per cent to over 1.72 lakh units so far during this calendar year in the eight major cities due to cautious approach by developers in view of slowdown in demand, according to global property consultant Cushman & Wakefield. National capital region (NCR) saw a decline of 33 per cent in new launches this year at 38,411 units compared with 57,098 flats in the year-ago period. “There has been a drop of 12 per cent in new residential project launches in 2013 as over last year. Total estimated unit launches were recorded at 1,72,500 units across major eight cities of India,” C&W said in a statement. In 2012, these eight cities — Bengaluru, NCR, Chennai, Mumbai, Kolkata, Ahmedabad, Hyderabad and Pune — witnessed 196,846 units of n...

Qatar fund in talks to invest USD 200 mn in Indian property

Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich Gulf emirate, is in talks to invest $200 million in residential property in India, a source with direct knowledge of the matter told Reuters. QIA is holding “conversations” with Kotak Realty Fund, run by Kotak Mahindra Bank, which would manage the investments on behalf of the fund, said the source, who asked not to be named because the deal has not been finalised. Kotak would also make a small investment and plans to focus on residential property developments in major cities across Asia’s third-largest economy for QIA, the source said. Kotak declined to comment. QIA did not respond to emails or telephone calls. Vikram Gandhi, founder of Delhi-based VSG Capital Advisers, which has been retained by ...

Prices May Not Come Down

The Indian real estate sector continues to be a favoured destination for global investors. The urban population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space. Urbanisation has been rapid in the past few years, with ‘upwardly-mobile’ buyers keen to invest and reap dividends from the real estate market growth. Increasing migration to the cities will drive this demand. Also anticipate a rise in sales of housing property following the recent stock market rally and a slew of optimistic RBI rules to allow foreign banks into the country’s protected banking ecosystem. Steady housing demand will be a big constant for the Indian economy this year, and the industry will f...

RBI rate hike to hit property market: Credai

The Reserve Bank of India (RBI) hiking the key policy rate will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move. RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate. Realty firms and consultants hoped, however, that this would be the last round of monetary tightening by the central bank. “We are very very disappointed. This will bring more suffering to developers community,” Confederation of Real Estate Developers Association of India (Credai) Chairman Lalit Kumar Jain told PTI. “It seems that market will see its bottom in terms of sales and liquidity, and t...

London house prices jump by £50,000 in a month

London’s booming housing market is rising at an unsustainable rate, the UK’s largest property website warned on Monday, with the average asking price of a home in the capital surging by more than £50,000 last month. Such is the acceleration in the capital’s property market, according to Rightmove, that many buyers will need help from deep-pocketed parents despite the expansion of George Osborne’s Help to Buy scheme. Rightmove said the average asking price in London rose to £544,232 in October from £493,748 the previous month – an increase of more than 10%. Across England and Wales, the rise over the month was a more modest 2.8% to £252,418. Describing the London increases as unsustainable, Rightmove said Help to Buy would mainly benefit buyers in the rest of England...

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