Group President, Group Managing Director & Editor In Chief: Dr.Shelly Ahmed
Showing posts sorted by date for query real estate. Sort by relevance Show all posts
Showing posts sorted by date for query real estate. Sort by relevance Show all posts

Thursday, August 03, 2017

Straight Talk: Why It's 'Plain Stupid' To Buy A House In India?

The crash of the Indian housing market is imminent. Two incidents gave me pause for thought recently.

Firstly: Just as I was about to tee off at the Milpitas golf course in California this September I heard a "fore" and was fascinated to see a fellow golfer tee off from the backyard of his home. I thought, "What a life/luxury!"

I realised that this 7200 yard golf course is inhabited by a mere 50 families and Zillow (an app that dispenses info on real estate prices) indicated the price of each bungalow was in the range of US$1.1-1.3 million (approx ₹7.5 crore).

'Yes, we do sell affordable homes, if you happen to be Donald Trump.'
One cannot ignore that the US of A was built on the premise that infrastructure (rail, road, bridges etc) are the bedrock of economic activity and the growth of any nation. And the USA has by far the best infrastructure in the world.

Thursday, June 15, 2017

Mother of all land scams has blown in the face of KCR government in Telangana

The illegal deal is reported to have caused a loss of Rs 587 crore to the state exchequer.

Just a week after K Chandrasekhar Rao claimed no government land in Telangana had passed on to private hands, the chief minister is on the back foot. It has now come to light that Telangana Rashtra Samiti senior leader and Rajya Sabha MP Kesava Rao's family purchased 50 acres of land in Hafeezpur village in Ibrahimpatnam mandal near Hyderabad.

Friday, June 09, 2017

The Great Jobs Fear-Mongering: Are job cuts really happening?

India is in the grip of the great jobs fear-mongering. At the core of this is the mis-informed impression that jobs in India have shrunk/are shrinking. That's far from truth. Yes, there's a neighbour here and a cousin there who has either lost her job or hasn't found a suitable job for a prolonged period of time but the truth is that the job scenario-though challenging--isn't as gloomy as it is being made out of be.

Comprehensive data on jobs is notoriously patchy. But anything that is available points to the fact that India is still producing jobs, even though at a slower pace than 2 years ago. That effectively means that the overall job market in the country continues to grow, rather than shrink.

A cafe chain is giving Indians exactly what they want: the perfect cup of chai

Inside a bright green and yellow outlet of Chaayos in Delhi’s Connaught Place neighbourhood, Swati Singh is taking some respite from the heat. But the Delhi University student isn’t sipping the usual cold coffee or lime soda; instead, she’s savouring a cup of saunf (fennel seed) chai, one of the many varieties offered by a chain that has made India’s unofficial national beverage its flagship product.

“…mostly we end up going to the coffee places like Starbucks or Cafe Coffee Day, (but) this place seems worth trying,” the 22-year-old said, adding that she liked the idea of experimenting with all the different tea flavours.

Thursday, May 11, 2017

India’s economy is set for a $1.3 trillion bonanza from 60 million new homes

Prime minister Narendra Modi’s ambitious plan to build homes for all Indians by 2022 could spark an economic revolution worth $1.3 trillion, which is a little more than Mexico’s GDP.

Between 2018 and 2024, some 60 million new homes are set to be built, mostly under the government’s affordable housing programme, as Asia’s third-largest economy looks to upgrade its people’s quality of life.

Wednesday, May 03, 2017

Is the U.S. Stock Market Headed Higher — or for a Crash?

A groundswell of concern is building on Wall Street that the U.S. stock market is in dangerously high territory. 
This week, the Nasdaq Composite hit a new high as the Dow Jones Industrial Average and S&P 500 remained in record territory — and they are up 28%, 18% and 16% respectively from a year ago. Meanwhile, the S&P 500 is trading at 25 times trailing 12-month earnings compared with a historical average of 16. The value of the stock market is nearly 150% higher than the nation’s GDP, a level last seen around the dot-com bust in 2000, according to the World Bank. And a BofA Merrill Lynch survey showed that 81% of fund managers think U.S. stocks are overvalued. 

Monday, May 01, 2017

RERA Myths Busted: No Big Relief For Stuck Home Buyers, House Prices Won't Rise

The dust has finally settled on RERA or the Real Estate Regulation & Development Act. From Monday (1 May 2017) it comes into force across India, and the day will be remembered as a special day for home buyers who have been committing the largest chunk of their life savings to an industry which has been free for all.

A press release from the Housing Ministry stated how this day marks the end of a 9-year-long wait; and for the first time 76,000 companies engaged in building and construction activities across the country will become accountable for quality and delivery. Union Minister for Housing Venkaiah Naidu in his tweets called it the beginning of a new era making buyer the king, while the developers benefit from the confidence of a King in the regulated environment.

Saturday, August 13, 2016

Political Vultures, Real Estate Sharks And Criminals Ganged Up To Ruin Bengaluru


India's tech capital Bengaluru is falling apart - well, almost. A city, whose infrastructure can support just about 30 to 40 lakh people, is now home for more than double that number. In the first of a two-part series, INNLIVE traces the origins of Bengaluru's destruction which began even before the city was swamped by IT professionals.

Sunday, August 07, 2016

Why Bangalore Is Losing Its Shine For IT Companies?


India’s homegrown Silicon Valley is facing stiff competition from unexpected quarters as the country’s hottest IT destination.

Undoubtedly, Bangalore is still the number one IT/ITeS outsourcing location in the world, as noted by an Economic Times article quoting a 2014 survey of the top 100 IT locations. It’s not difficult to see why — the city not only boasts the highest number of startups, but also has an ecosystem that supports the startup culture. It has a large pool of tech talent, mentors, and venture capitalists, as well as accelerators and incubators.

Friday, August 05, 2016

GST Effect: Under-Construction Apartments To Cost More


Prices of under-construction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out . But, prices of completed apartments will not be affected as GST will not be applicable there.

Monday, July 25, 2016

Dying Young Mothers In Assam’s Tea Gardens – At A Rate Higher Than Anywhere In India.


The tea industry and the government joined hands but failed to stem the deaths in the predominantly tribal community.

Babita Jayram has beaten the odds. The 21-year-old sits in one corner of the hospital bed, brushing her hair with the slow, steady strokes of a purple comb. The nine months of pregnancy mostly spent at a tea garden on the eastern fringes of Assam were uneventful. There were no complications during the delivery. A healthy newborn, curled gently on her lap, sleeps quietly.

Tuesday, July 19, 2016

Dubai Gets Early Taste Of Brexit Crisis Impact


Unsurprisingly, the UK has already been feeling the heat of its vote to leave the European Union. London on Monday (July 18)  woke up to the news that the forecasters at EY Item Club have indicated that the UK will have to pay quite a bigger price than predicted or assumed so far by any analyst.

Item Club has cut its growth forecast from 2.3 per cent to 1.9 per cent for 2016, and from 2.6 per cent to just 0.4 per cent for 2017 saying the Brexit will have severe confidence effects on spending and business investment.

Wednesday, July 06, 2016

Spotlight: Telangana IT Corridor Is Brewing Troubles


Many Start-Ups In The Incubator Are Complaining Of Lack Of Space, Absent Mentors And Skewed Support System.

Nearly seven months after the T-Hub threw its doors open amid much expectations and promises, the state government-run incubator is ridden with issues.Steep rates, lack of room to expand teams and a `virtually absent' and inaccessible network of mentors feature in the long list of grievances raised by many who signed up with the facility.

Sunday, July 03, 2016

Is Telangana CM KCR Redrawing New State's District Boundaries To Fix His Political Opponents?

There’s criticism that the state's 14 new districts are being decided on the Telangana chief minister’s whims instead of on a scientific study.

Two years after being carved out of united Andhra Pradesh, Telangana is feeling division pangs once again.

On Friday, a highway blockade that was started by people agitating for a separate district in Telangana got out of hand when the protestors, realising that their demands may not be met, damaged two buses and set one on fire.

Friday, June 24, 2016

AP Govt Is Leaving Hyderabad Capital: Why June 27 Has Become Such A Flashpoint For 13,324 Govr Employees?


What prompted Chandrababu Naidu to order his state government to move lock, stock and barrel from the capital city that it has rights over for eight more years?

June 27 is D-Day, as far as the Andhra Pradesh government is concerned. Chief Minister Chandrababu Naidu has asked 13,324 employees of the state government Secretariat and various heads of department to shift from Hyderabad to the transitional headquarters at Guntur by this date. They are expected to move to and begin functioning from near Amaravati, the ambitious new capital being built near Guntur and Vijayawada.

United Kingdom Leaves European Union: How Is GCC Affected?


The United Kingdom has decided to leave the European Union (EU), after a nation-wide referendum held recently and voted in favour of an exit, which has come to be known as “Brexit”.

Nearly 52 per cent of voters chose to leave, guaranteeing a win for Brexit. The United Kingdom joined the EU in 1973 under a conservative government headed by Prime Minister Edward Heath.

A Glimpse Of 'Middle Eastern Millionaires' Lifestyle


The United Arab Emirates is home to the largest number of high-net-worth-individuals (HNWI) in the Arab world, a newly released report finds.

Produced by New World Wealth, the ranking comes as part of the recently published Middle East 2016 Wealth Report, exploring the regional countries millionaires resided in during 2015.

Thursday, June 16, 2016

Spotlight: A Misplaced Emphasis On Indian Highways?


Why does the government continue with its blind focus on highways and expressways when infrastructure for water supply, waste management and mass transit system is in desperate need of attention? INNLIVE criticises the government's prioritization and says there is more to public infrastructure than just highways and expressways.

Wednesday, June 08, 2016

Drought In India: Women Battle Cruelties Everyday And Exit Isn't An Option


It's a women's drought", declared Avik Saha, my partner in imagining and designing this padyatra, and now my co-passenger. This was the third day of our padyatra in Marathwada. We had just gone past yet another queue of women and girls waiting for water with their pitchers and cans.

It took some time for his formulation to sink in. Avik is always on the lookout for a way to summarize what we have seen. I guess his astonishing range of experience - a high-flying real estate lawyer, a humble organic farmer, the patron of a classic guitar society and a connoisseur of indigenous seeds - accounts for his knack for thinking a step ahead of everyone else. I had learnt not to let his remarks go past me.

Wednesday, May 11, 2016

The Reasons Behind Mumbai’s Ever Increasing, Unaffordable Home Prices


There are many ways to describe Mumbai. India’s financial capital. Maximum city. The city of dreams. The city of seven islands.

And as most who’ve lived there would surely know: India’s most expensive housing market.