'How does one square up the fact that despite the infusion of money at election time there was no price rise?' 'It is time the new government ordered an external audit of the RBI to find out the truth,' says Col Anil Athale.
India's limited-overs skipper Mahendra Singh Dhoni has offered his support to Amrapali residents protesting in wake of the company's failure to complete the project, saying that promises made to the people should be met, irrespective of the problems being faced by the real estate group. The first phase of project 'Sapphire', launched in 2009, at Noida Sector 45 has been completed, but civil and electrical work in many towers is yet to be done. Amidst the chaos, Dhoni received outbursts among the Amrapali residents, who took to social media asking the skipper to disassociate himself as its brand ambassador. "At times you have situation where the expectation levels are not met. It is something that keeps on happening. So we will see what can be done. We will get in touch with Amrapali people and see what exactly is happening. If you see the economy rate, it is quite tough for the builders as of now. But at the same time, whatever is promised irrespective of where they stand, I think it needs to be met," Dhoni, who is the brand ambassador of Amrapali, told the media here.
According to the survey by Robert Half International and CareerBuilder, around 53 per cent of employers surveyed expect to hire full-time employees over the next 12 months, while 40 per cent would hire contract, temporary or project professionals and 39 per cent would add part-time employees.
Infrastructure associations such as the National Highway Builders' Association say that interest rates on loans for road projects need to fall to 8-9 per cent for projects to become viable. Currently interest rates are hovering between 13 per cent and 16 per cent. The NHBA's Director General M Murli said that traffic projections made by the National Highways Authority of India should be a realistic figure.
With the global meltdown badly affecting the real estate industry in the state, especially in Chennai, builders and potential consumers are adopting a 'wait and watch' strategy before purchasing property, according to industry experts. Chief marketing officer of www.indiaproperty.com a portal which gives a platform for builders and customers), K Gopalakrishnan said, "the meltdown has made potential customers postpone purchases."
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
Banks are now asking developers to lower prices to clear their piled-up inventory. In fact, clearing of inventories is a key pre-condition for loan restructuring when the realtors approach lenders, executives at various banks said. Public sector banks, in particular, are asking the builders to justify the offer price of projects as there are apprehensions that real estate companies are holding on to stocks after the payment of instalments is rescheduled.
The Supreme Court on Tuesday asked the unauthorised flats owners at the Campa Cola Society in Mumbai to vacate the premises by May 31, 2014, as no specific proposal could be worked out to provide them space in the compound for new construction.
The ease with which city-level master plans are altered and land-use patterns changed without considering carrying capacities or the overall environmental footprint of urbanisation in different states has already created water and air pollution crises in several emerging and existing cities.
Facing acute liquidity crunch and poor buyer sentiments, the country's biggest property developer, DLF, has stopped work at two of its biggest mid-income housing projects. The move comes after the developer stalled at least a quarter of its commercial projects.
External Affairs Minister Sushma Swaraj said the bodies of Abis Hasan Rizvi and Khushi Shah from Gujarat will be brought back by Turkish Airlines flight from Istanbul on Tuesday night and reach Mumbai on Wednesday morning.
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
The chairman of the country's largest private sector bank felt 80 per cent of the consumer loans were back, the remaining 20 per cent mostly unsecured loans had taken a back seat.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Both Raju and Gelli symbolised the so-called 'Telugu pride' in the corporate world and were considered visionaries in their respective fields of operation. They were heralded as institution-builders, but in the end their fall too was equally swift due to a set of financial frauds. Incidentally, PricewaterhouseCoopers was the auditors of both the institutions.
The Central Bureau of Investigation (CBI) on Tuesday conducted raids on the premises of noted builders Hiranandani brothers, who have been accused of "evasion" of employees provident fund.The raids have been conducted at eight places belonging to Hiranandani brothers in the city.
A cartelisation of Mumbai's real estate, one of the costliest in the world, in the matter of transferable development rights has put upward pressure on prices and has also caused concern in policy circles.In a recent development, just six-odd builders and developers hold 70 per cent of the 2.5-3 million sq ft TDR available. The price of TDR has also surged to Rs 2,500-Rs 3,000 per sq ft from Rs 800-1,000 sq ft in the past six months.
DLF, Unitech and other real estate developers may lower prices up to 30 per cent by mid-2009 to nudge buyers out of their "wait and watch" stance, according to experts.
Investors, at a recent property exhibition concluded by magicbricks.com, were seen selling flats at 30 per cent discount to the market rate compared with the builders' offer of 15-20 per cent, according to reports. Investors normally comprise about 30 per cent of the property markets.
This is Rabi Rashmi Abasan, India's first "solar housing complex". Piloted by the West Bengal Renewable Energy Development Authority (WBREDA), the 26 villas in this complex are a showcase for the exciting possibilities that BIPV - building integrated photovoltaic - technology offers for residential projects of a similar nature.
A self-employed builder from Cornwall in south-west England hit 311 runs from 40 overs to help his club to a regional record scoreline on Tuesday.
"Undue favours" to builders, including Robert Vadra's Skylight Hospitality, by the Haryana government during the Congress regime has come under attack from the Comptroller and Auditor General.
The shrinking sales of residential apartments have forced real estate developers in Pune to even pay the monthly home loan installments of their customers who have lost jobs due to the economic slowdown.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
India's second-largest private ship builder, Bharati Shipyard, which already holds 14.9 per cent stake Great Offshore, has said it will make an open offer to buy an additional 20 per cent. While P C Kapoor, MD, Bharati Shipyard, ruled out any possibility of a hostile takeover bid for Great Offshore, he had earlier said competitors such as Punj Lloyd and ABG Shipyard had shown an interest in buying Great Offshore shares from the open market.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
Roads account for the second largest amount of bad loans.
The National Highways Authority of India has decided to slow down the process of awarding contracts for new highway projects. This would further delay the process of modernisation and expansion of the national highways by a few months.
'If they do not have this minimum self-respect, I can only feel sympathy for them. I was quoting President Bush about the Hyde Act, the Leader of the Opposition was quoting the under secretary of the US administration. What can I do?' External Affairs Minister Pranab Mukherjee on the NSG waiver, the Chinese stand and the domestic opposition to the nuclear deal.
Bankers say loan demand was more muted this festival season than last year.
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