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Indian Real Estate News : Mumbai
With a population of around 19 million people, Mumbai and its suburbs encompasses one of the biggest urban agglomerates in the world, which is only second to Tokyo. The population of Mumbai is increasing at a massive rate ... more
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Column: Reckoning with inequality
Source: The Financial Express Mar 29, 2016
When it comes to the rise in economic inequality since the 1970's in the United States and some other advanced economies, it doesn’t really matter which measure of income distribution we choose: They all show the increase. And, while many competing explanations have been proposed, we do not need to agree about causes to concur on sensible policies to address the problem. There are many ways to measure inequality. Each can tell us something different. Many Asian countries’ recent economic success has reduced inequality by some measures (for example, a big fall in the poverty rate), but not by others (the high-low range has increased). In the US, however, all measures of inequality have pointed in the same direction since the turn of the century, reflecting the fact that the benefits of economic growth have gone almost exclusively to those at the top. The share of income received by the top 0.5% has reached 14%, where it was in the 1920's. Normally, one would think that diagnosing the cause of such a fundamental shift would be a necessary step in prescribing a cure. In that case, one might be discouraged by the over-abundance of plausible explanations that have been offered and the difficulty in choosing among them. ... more
Rising cost of land a major roadblock in national highway expansion
Source: The Economic Times Mar 29, 2016
Land acquisition cost for national highway projects has shot up sharply in the current financial year on account of the new land acquisition law that came into force in 2015, dealing a blow to the government's ambitious plan to crisscross the country with top quality roads. The government paid Rs 1.35 crore per hectare in 2014-15, which has gone up 65% to Rs 2.22 crore per hectare in the current financial year. ... more
Planning for homecoming
Source: Business Standard Mar 28, 2016
Venkat Naishadham, 43, working for Citibank in Mexico City, plans to shift back to India this summer. After 17 years abroad, he is excited about being back in the country and hopes to devote more time to philanthropic activities (he has adopted a village near Hyderabad). But, he is also worried about whether his children will be able to cope with the heat, the crowds, and the challenges of day-to-day living in India. Non-resident Indians (NRIs) like Naishadham should also give a lot of thought to the financial aspects of shifting back to India and the challenges that arise in its wake. ... more
Industry cheers as parliament gives nod to RERA
Source: The Times of India Mar 17, 2016
Real Estate Bill finally gets a go ahead. Read on to know how the real estate fraternity reacts- S K Sayal, MD & CEO, Bharti Reality Ltd. ... more
Decor tips for gardening in smaller homes
Source: The Times of India Mar 17, 2016
The concept of terrace garden is very old. Apart from the decorative aspect, a terrace garden is also gaining popularity as most people live in apartments and pent house which are the only luxuries which they can afford and it is not possible for all of them to live in bungalows. ... more
Know the advantages of ready to move in homes
Source: The Times of India Mar 17, 2016
A new home is a dream many cherish. It is never a daunting task if planned well. A home always entails a large budget and loan. Invariably, the repayment stretches across most of one's working years. ... more
Taxable income from property
Source: The Times of India Mar 17, 2016
Income from a property is taxable only when the property is either used or capable of being used for renting out in case an individual or Hindu Undivided Family. ... more
Projects worth Rs 6.72 lakh crore get environmental nod in 20 months
Source: Livemint Mar 09, 2016
As many as 943 projects entailing investments worth Rs 6.72 lakh crore received environmental clearance in the last 20 months, government said today. ... more
Projects worth Rs 6.72 lakh crore get environmental nod in 20 months
Source: Livemint Mar 09, 2016
As many as 943 projects entailing investments worth Rs 6.72 lakh crore received environmental clearance in the last 20 months, government said today. ... more
CREDAI shares recommendations on ‘Housing for All'
Source: The Times of India Mar 09, 2016
At the onset of the pro-housing Union Budget announced recently, CREDAI members today met Shri. M. Venkaiah Naidu Hon’ble Minister of Urban Development, to thank him for his stewardship of real estate sector which has made possible for CREDAI to contribute to the national goal of 'Housing for All by 2022'. CREDAI delegation led by Mr. Getamber Anand, Mr. Jaxay Shah, Mr. Boman Irani and Mr. Shekhar Patel today called upon Shri. M. Venkaiah Naidu, Hon’ble Minister for Urban Development and Housing and Urban Poverty Alleviation, Govt. of India. ... more
CREDAI shares recommendations on ‘Housing for All'
Source: The Times of India Mar 09, 2016
At the onset of the pro-housing Union Budget announced recently, CREDAI members today met Shri. M. Venkaiah Naidu Hon’ble Minister of Urban Development, to thank him for his stewardship of real estate sector which has made possible for CREDAI to contribute to the national goal of 'Housing for All by 2022'. CREDAI delegation led by Mr. Getamber Anand, Mr. Jaxay Shah, Mr. Boman Irani and Mr. Shekhar Patel today called upon Shri. M. Venkaiah Naidu, Hon’ble Minister for Urban Development and Housing and Urban Poverty Alleviation, Govt. of India. ... more
Tata Housing & SBI team up, special interest rate for women
Source: The Times of India Mar 09, 2016
The first thing that comes to mind when we say TATA Housing and State Bank of India is trust, values, scale , credibility and a long legacy. Both the institutions have been instrumental in the progress of the nation in a large way. The most trusted brands of India are collaborating on this International Women’s Day to celebrate the ‘Power to Women’ from 8th – 13th March 2016. ... more
'Gender equality should translate into reality'
Source: The Times of India Mar 09, 2016
"A woman with a voice is by definition a strong woman. But the search to find that voice can be remarkably difficult." - Melinda Gates . ... more
An affordable budget for the RE sector
Source: The Times of India Mar 09, 2016
The Union Budget 2016-17 has been a healthy mix of hit and misses for the real estate sector. ... more
How to foster better relationship with your landlord
Source: The Times of India Mar 09, 2016
Tenant-landlord relationship is as old as history pages. This relationship arises from an agreement by which one individual occupies the other's property with legal permission. ... more
Eclectic mix of furniture in style
Source: The Times of India Mar 09, 2016
Matching is no longer the keyword in de sign lexicon. With mix and match experiments taking over, mixed furniture is now adding glamour to homes. From living rooms to bedrooms or even the dining room, furniture trends are now a blend of the old with the new, the contemporary with the classic, which add a touch of class and speak volumes about the personality of the owner. ... more
Budget implications on real estate sector
Source: The Times of India Mar 09, 2016
This year's Union budget brings forth clarity on the DDT exemption on REITs, while the housing sector gets few sops as well. ... more
How 'affordable' is affordable housing?
Source: The Times of India Mar 09, 2016
In the last decade, there has clearly been a shift on the part of the real estate builders and developers towards the soaring middle class population. Increasing bank loans have aided the situation. To help change the scenario, in the Union Budget 2016, we all know that the government announced a 100 percent deduction for profits to housing projects building homes upto 30 sq mts in the four metros and 60 sq mts in other cities. The sentiments have been upbeat since its announcement a few days ago. ... more
Food courts, dispensaries & malls to dot National Highways soon
Source: The Economic Times Mar 08, 2016
National highways across the country will soon offer wayside amenities such as shopping malls, food courts, dispensaries as well as car servicing centres after every 50 kilometres. ... more
CRISP to offer consulting services to Smart City
Source: The Times of India Mar 08, 2016
Smart city is a huge project that aims at the improvement of the city and renewal by redevelopment as a strategy. The entire management of this Smart city requires a master plan. This plan assesses various opportunities, strengths and weakness of that plan. While in all of this CRISP will play a pivotal role of supporting and anchoring the entire plan by providing the management tools. CRISP has the capability of skilling the required manpower and provide necessary consulting services for smooth functioning of the operations and management works ... more
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