Last Update: April 3, 2022
India’s unreal estate: Why you still can’t afford to buy
With the passage of the Real Estate (Regulation and Development) Act, 2016, real estate companies need to have all approvals in place before the launch, unlike previously, where they used to launch projects with barely any preparation. Hence, real estate companies need to have all the approvals in place before they start selling the project.
Actived: 2 days ago
Real Estate Fraud
(1 days ago) Real Estate Fraud. Report. Builder fraud, police inaction: Why buying a home in Pune is a nightmare. Prateek Goyal. 07 Mar, 2020. Report. Builder fraud, police inaction: Why buying a home in Pune is a nightmare. Prateek Goyal. 07 Mar, 2020. Trending. Election results LIVE: Capturing the sound and fury on TV news.
‘I have waited 11 years’: Covid delays the urban Indian’s
(2 days ago) Real estate strong army of the economy. The real estate sector is one of the key drivers of the Indian economy, contributing between six and eight percent to the gross domestic product. It’s also among the largest employment generators, providing income to a workforce of over six crore, both directly and indirectly across the supply chain.
Why isn’t Assam mainstream media reporting on the …
(2 days ago) On December 8, the Wire reported on an alleged land scam in Assam involving the family of chief minister Himanta Biswa Sarma. Published in collaboration with Assam-based news portal Crosscurrent, the report claimed that a real estate company founded by Sarma’s wife occupies “around 18 acres of government land intended for landless individuals and …
Why buying a flat in Pune is a nightmare because of
(9 days ago) 1. Utilising the funds of one real estate project for another, thereby hampering the progress of the first project. 2. The space between the floor and ceiling of a flat is usually 10 feet. Some builders reduce it to 9.25 feet. This allows them to construct extra floors in the building to earn more money. 3.
Who owns your media: The Hindu ‘divided’ family is …
(6 days ago) It owned real estate in prime localities in cities across the country. Post demerger, KSL continued to be a holding company with four subsidiaries: THG Publishing (which publishes the Hindu, Business Line, Frontline and Sportstar), KSL Media (which runs the Tamil daily Hindu Tamil Thisai), KSL Digital Ventures (which hosts a real estate portal
Media wheeling-dealing: Black as coal
(6 days ago) Obviously investing in real estate isn’t as high a priority as in media channels. The only person who was in the shared premises when we visited, claimed that he was not employed with Worship Impex Private Limited. When we requested for a meeting with the new directors of the company, we were told that the “only other lady” who worked in
Dainik Bhaskar: A story of Big Media, Big Business and Big
(1 days ago) One reason for the inconsistency, the journalists argue, is that the Agarwal family that owns Bhaskar is invested in a range of businesses – mining, real estate, hospitality, power, education, construction, advertising, publishing, food processing – which the authorities can, and allegedly do, use as leverage over the newspaper.
India's newspaper industry is dying
(3 days ago) India’s fourth estate is staring at imminent danger. Several newspapers across the country are gasping for breath. Shrinking readership and ad revenues, rising costs, waning credibility, and an onslaught of digital and social media …
The Making Of The Great Indian News Panel
(Just Now) While you can pay experts and entertainers for their appearance you can earn from selling at least 25 per cent of the real estate on our 32-inch, flat-screen TVs. The one with the most windows will have the fattest revenue pipeline, which is only fair since they are credited with changing news as we know it in the first place.
Will Tamil Nadu’s proposed organised crime law help crack
(8 days ago) Areas prone to gang violence in Pulianthope include Vyasarpadi Goods Shed, BV Colony and Sathyamurthy Nagar. The area’s gangs also depend on fast-developing real estate markets in neighbouring places like Red Hills and Sriperumbudur to expand their business. Rowdyism also comes with an air of glamour: of rags to riches, of pride and honour.
With increasing human encroachment, wild animals have
(5 days ago) More and more projects were developed both by the government and private real estate companies in the Aravalli forest covers. “There used to be a large lake near Badkal in Faridabad. When the Surajkund Badkal road was being developed, it cut through the Aravallis and the lake was dried out so that the road could go over it,” says Dr Madan.
How Sterling Biotech’s Sandesaras cried religious
(9 days ago) Neighbours and a real estate agent confirmed he had lived in the 140-square-meter luxury apartment since September 2018. Edi Rama said in his asset declaration for 2019 that he paid 1,50,000 leke in rent for his son for the last five months of that year, the equivalent of 243 euros per month, well below the market rate of 1,000 euros a month
Jayalalithaa’s ‘nephew’ to king of Tihar jail: The many
(1 days ago) Kothari is a real estate agent who helped Chandrashekhar and Paul buy the bungalow in Chennai. Matthews is described as Paul’s manager and Muthu helped the couple buy luxury cars. Mohanraj, a lawyer by profession, has known Chandrashekhar since 2014 and has represented him in a number of cases.
10 things you need to know about Indian real estate in the
(2 days ago) As real estate companies get into trouble, they will find it difficult to repay these loans, meaning some trouble for banks. Chattopadhyay believes: “This may in turn have a cascading effect wherein highly leveraged developers are unable to service loans”. 6) Other than lending to real estate companies, banks also lend to people buying homes.
Budget 2021: Five things government can do to revive real
(2 days ago) 3) A key gap in the real estate sector in India is the lack of good publicly available data. In the United States, housing starts is a key economic indicator which points out the number of privately owned new homes where construction has started during a particular month. With every state having a real estate regulator now, it is possible to
As people act in their self-interest, India is getting
(9 days ago) Many businesses, malls, cinemas, automobile companies, hotels, airlines, electronics and other retailers, publishing companies and bookstores, real estate companies, online platforms, and even restaurants are going to earn zero sales revenue during April.
Should the RBI print money to revive the economy
(8 days ago) They can sell out of the stock market, the bond market, the real estate market, and so on. When they do this, they will want to convert Indian rupees into foreign currency (particularly the US dollar). This will increase the demand for the dollar against the Indian rupee and lead to a depreciation in the value of the rupee against the dollar.
The Alchemy Of An IT Raid
(4 days ago) Aijaz Ilmi’s estranged wife, Kajal Aijaz, is a Group Director at Alchemist Private Limited. According to the company’s website, Kajal works on behalf of the Chairman’s (KD Singh) office and oversees the real estate business of the group. She is also in charge of all government and media relations.
Meet the three ex-billionaires who said 'yes' to one bank
(9 days ago) Sectors like commercial real estate (lending to builders), construction, tourism, services, and personal loans reported an unusual jump, according to sector-wise advances and non-performing assets for 2018-19.
How the closely-held Times Group is caught in a whirlwind
(6 days ago) Its enablement platforms serve users across personal finance (ETMoney), real estate (Magicbricks), education (Gradeup), food (Dineout), and more. The big question is, when will the group encash its investments in the online space? The pandemic seems to have hijacked two consecutive financial years (FY20 and FY21) from BCCL’s growth calendar.
The ghosts of politicians past: With chaos on the ground
(2 days ago) “Palekar may be a lawyer,” Gracias fumes, “but he is a well-known real estate fixer with people like Antonio Fernandes, the BJP’s candidate here, and Rohan Khaunte, the BJP’s candidate in Porvorim. They all have vested interests in the Kadamba belt near here.” Gracias says the time has come for a new kind of politics.
Meet the five richest candidates contesting the Delhi
(2 days ago) The richest candidate of any party in the fray. His assets are mostly immovable, that’s land and real estate. Lakra, a businessman, is fighting his first election, from Mundka. He has a criminal case against him of abetment to corruption. It is being investigated by the Central Bureau of Investigation. Ram Singh Netaji, AAP. Net worth Rs 74 crore
The Jamawar – A Dying Art
(2 days ago) Still, I wasn’t interested in real estate; what I was interested in were the artisans and the dying art they practiced within these dusty walls. I walked up a narrow flight of stairs and found myself in a corridor lined on both sides with small rooms. Hesitantly, I glanced into the first room and was elated by what I saw – there, in a tiny
Why is an obscure company offering to invest $500 billion
(3 days ago) It describes the company as being involved in "real estate activities with own or leased properties". Data on Zoom Info says that Landomus Realty Ventures has 19 employees, a revenue of $5 million, and was formed with the purpose of "acquiring land parcels and creating land banks in India".
The Third Slip: Issue 91 – For whom the bellwether tolls
(2 days ago) Prime real estate: Looks like New York doesn’t want Amazon’s shiny new HQ in their city, though a “goodwill tour” seems to be paying off. Issue of lies: And here are tech’s biggest lies from 2018 (lol crypto). Trickle down economics: AKA what happens when you care about making more money than about leaks.
Morning Show Ep 5 ft Vivek Menezes: What's destroying Goa
(3 days ago) In this episode, author and photographer Vivek Menezes takes us through the changes seen at Miramar beach over the past year, telling us the story of rampant real estate construction that's destroying heritage sites. The big headline of the day is the reelection of António Costa, who is of Goan origin, as the prime minister of Portugal.
The Indian Express ad wants us to believe it is the only
(Just Now) Also, while the look and feel of the Indian Express ad was eye-catching, much like MF Hussain’s Meenaxi, it would have helped if the content was gripping as well and based ever so slightly on fact. Especially, if you’re a newspaper for the Indian Intelligent. Ever since satellite television entered India, readers with access to television, don’t read newspapers for real-time …
In Haryana’s Aravallis, BJP and Congress netas bulldoze
(Just Now) Aside from the encroachment of forest land, Goel’s actions point to a serious conflict of interest. In February 2019, when Goel had the environment portfolio, Haryana’s BJP government amended the PLPA, opening up nearly 30,000 hectares of protected land – including swathes of Aravallis – for real estate and mining. The following month, the apex court stayed …
Apologise or face Rs 100 cr defamation case: Nawab Malik
(1 days ago) Issuing a legal notice to the Times of India, NCP leader Nawab Malik has threatened a Rs 100 crore defamation suit against the paper over a report which claimed that the ED’s probe against Maharashtra’s minority affairs minister has expanded to include the dealings of a Gujarat-based firm which “exported CNG cylinders to Pakistan and West Asia”.
Grouse Questionnaire: Liberal darling or Hindutva’s
(4 days ago) Rashmi’s younger brother, Shridhar Patankar, is in the real estate business. But has Uddhav really become non-parochial and secular, much to the delight of the libs? Uddhav reacts, not acts, as has been seen so far. But he has been on the lib side in many issues. The Sena went into a slanging match with a Bollywood actor, who’s now a mascot
Looks like a report, reads like an advertorial: It’s ET’s
(Just Now) Besides an overview "story," the package featured stories about roads, IT and electronics, food processing, real estate and tourism. In edited excerpts of the "conversation" with UPEIDA CEO Awanish Awasthi featured on page 20, the reporter's "questions" were merely prompts to speak about expressways and e-ways.
Even Times of India's front page finds no space for Times
(7 days ago) Instead, its front page real estate was devoted to the ongoing conflict between India and China, how Narendra Modi's Twitter account was hacked, Facebook's ban on BJP's T Raja Singh, and even a snippet under the masthead of Dwayne "The Rock" Johnson testing positive for Covid.
Hafta letters: Jaggi Vasudev series, owning land in hill
(6 days ago) Far too many want real estate in Uttarakhand, Himachal Pradesh, or Kashmir because they “belong to the mountains”, and the abstract, vacuous, travel-brochure notion of “my India, my land” conveniently glosses over the lives of pahadis who, working in restaurants and hotels, have already lost their livelihoods while appeasing people and
Hafta letters: Land ownership, podcast on Indian cinema
(Just Now) No one is entitled to real estate. If you can't make a living where you are, move. Humanity has been doing that since time began. Regulate land development, plan it well – those are both fair gripes. Don't encourage tribalism-based exclusion as there will never be a true Scotsman. Regards, Eldrich Rebello.
Hafta letters: Pegasus, population control, rants and
(4 days ago) On the past Hafta, he spent about 10 minutes talking with Vivek Kaul about the real estate business. As he says in the end, it’s his advice to people who are looking to invest. Why should all podcast listeners be exposed to this? If he wants validation of his opinion, let him do it on his personal time and cost.