Author: Hrishi Kumar

With the first innings of the festive season concluding with Navratras and Dussehra, sector is keeping its fingers crossed for the remaining month of October. The second phase of the festive season conclude with Diwali, or the first week of November this year. The much awaited time of the year when sales and deliveries take place, realty sector sees the best days during each festive season. But this time, the numbers could not impress the sector as much as last few years, riding with unstable sentiments and much hyped cash crunch in the sector. The developers were seen proactive on…

Considering the political and international turmoil happening all around, the RBI was likely to keep the key rates unchanged but amid varied speculations, the apex bank has finally laid rest to the expectations by cutting the repo rate by 25 basis points in it’s latest policy review. The new repo rate now stands at 6.25 percent from the previous 6.50 percent. Reverse repo rate is now at 5.75 percent; Cash Reserve Ratio (CRR) at 4 percent and Statutory Liquidity Ratio (SLR) at 21.5 percent respectively, remains unchanged. This rate cut coming during the festive season is sure to boost sentiments…

In India, each year during the last quater of the calendar year after Pitrupaksha gets over, from Navratras till Diwali, real estate sector becomes extremely active. Prime reason being the religious sentiments of the public that drives them towards making the most important purchase; property. Buying a property is not an overnight decision and requires a lot of research and allocation of funds. Making the work easier for the buyers, developers across the country come out with various offers, schemes and discounts to lure the customers during the festive season. As this season is crucial from the buyers perspective, even…

The well known ‘Millenium City’ of NCR, Gurgaon or Gurugram, is all set to get its very own development authority that has been anticipated as a junior administrator for the city and will eradicate the mandate of getting all the files approved from Chandigarh. Having a development authority in Gurgaon was a long awaited dream of lakhs of residents and hundreds of developers who have for long now sought removal of multiplicity of agencies in Gurgaon. This will allow quick approvals for the infrastructural work in the city that has been the biggest cause of concern for the inhabitants and…

The much awaited and proposed Jewar International Airport has gone another step ahead in becoming a reality as it recently received a No Objection Certificate (NOC) from the Ministry Of Defence. This development holds a great significance as now there is clarity over this chapter that has been much talked about for several years. History has been a witness to how infrastructure and connectivity helps a region to grow and perform in all possible avenues. And once the infrastructural development gains momentum in a region, real estate becomes prominent. Gurgaon’s case study is a clear example of how presence of…

In a much forecasted move, the apex bank today has decided to keep the rates unchanged on account of high retail inflation being still above RBI’s expectations. This was also the last RBI bi-monthly policy review for the present Governor, Raghuram Rajan, who is to finish his tenure in September. The repo rate at present stands at 6.5 percent with reverse repo rate under the LAF kept unchanged at 6 percent. Cash reserve ratio (CRR) remains at 4 percent with MSF rate and Bank rate at 7 percent respectively, and Statutory liquidity ratio (SLR) at 21.5 percent. This is the…

In a decision that will bring about clarity, transparency and uniformity towards taxation in the country, the much discussed and long pending Goods and Services Tax (GST) bill has been given a go ahead by the upper house of the Parliament. This bill was already passed through the Lok Sabha, and now with the Rajya Sabha passing it, a majority of states will have to approve the constitutional amendments then the Parliament will need to pass another bill to implement the tax, before the Presidential signatures come in and form it into an Act. Finally, a council for GST will…

Gurgaon, more popularly known as the millennium city, has been one of the most prominent regions in NCR’s realty sector. The kind of growth that it had witnessed during the last one decade kept the buyers active. Booming infrastructure and rapid price appreciation kept the investors busy. Although, this case study took a backfire, and for the last couple of years the demand for property has become stagnant and prices hitting a new record low. But the kind of appreciation it had once witnessed, the drop in prices was still not enough to lure the customers back into the market.…

New Delhi : D’art foundation conducted a three day workshop on 17th , 18th and 19th June, 2016 at Sanskriti Kendra, New Delhi. The event had 28 artists shortlisted from a pool of 350 artists from across the nation participating in the workshop by the foundation. The foundation’s vision is to promote the artists from across the nation, who otherwise do not have any platform or exposure to showcase their art forms to the world, this is an initiative under guidance and leadership of Gurusewak Singh, President – A disciple of late S. Sobha Singh ji, who was an eminent…

With the dawn of Affordable Housing, Housing For All and Smart Cities Mission, demand for property is projected to multiply in the course of next few years. There is no denying in the fact that today, the realty sector of India is facing a strong cash crunch and dampened investors’ confidence. The failure of analysing real demand, improper infrastructure, saturation of Tier 1 cities, property price escalation, stringent FDI norms and absence of a regulator in the sector had caused real estate in India to hang by a thread. Thus, the projects that were launched earlier and those that are…