South Mumbai property goes northwards in demand
When a property dealer suggested Kartik Shah to set up his office at Navi Mumbai, instead of South Mumbai market, it seemed to be a sound business sense.
When a property dealer suggested Kartik Shah to set up his office at Navi Mumbai, instead of South Mumbai market, it seemed to be a sound business sense.
Ascendas India Development Trust (AIDT), the India-focused real estate fund floated by Singapore-based office space developer, is looking to raise close to $350 million.
On 11 March, a major earthquake and tsunami hit Eastern Japan. According to official statistics, the number of deceased had surpassed 13,000 as at 14 April.
Urbanization rate is on the increase – and while there had been a few setbacks over the past few years, the Indian luxury retail market is firmly back now. The economy once again supports the rationale for spending on luxury goods, and it will continue to do so.
The Fitch Ratings 2011 outlook for the Indian real estate sector seems to contradict itself. While it says the realty market is stable in the year, it also warns of a negative bias. The negative forecast of Fitch Ratings is, however, based more on the sentiments than the emerging market reality.
Jones Lang LaSalle, in conjunction with Blake Dawson, has produced its first Asia Pacific Property Investment Guide. Asia Pacific has a wide range of real estate markets – each with distinctive rules for investors. The guide covers important issues that investors need to consider when investing in real estate around the region.
The news of SEBI crackdown on YouTuber Ravindra Balu Bharti for illegal investment advisory services has come as a reality check for many influencers. These influencers are offering unregistered and more often than not paid investment advice by the vested parties. But financial influencers or Finfluencers, as they say, are not the only influence peddlers that need to be checked. The property influencers, or Propinfluencers, are even greater threat. After all, one invests in stock market with surplus money where amount is much lesser than one’s investment in property that is life’s costliest purchase and mostly with borrowed money. Ravi Sinha questions why there is no regulatory framework for property influencers.
Deepak Rastogi brings over three decades of extensive experience in finance, strategy, and transformation across diverse industries and international markets. He has held leadership positions, including President & Group CFO at Deepak Fertilisers and Petrochemicals Ltd. and President & Group CFO at TATA Autocomp Systems Ltd. His expertise encompasses driving profit and loss, growth strategies, mergers and acquisitions, digitisation, and enterprise risk management.
Are you aware that the Housing Ministry of the Government of India is spending an exorbitant amount of money for your welfare? You may be having many grievances with the ways & means of Indian housing and urban development; how they fail to address the core issues. But when you get to know that the Government of India has many white elephants employed with the ministry at the cost of tax payers’ money, it only adds insult to your injury. After all, PPT presentations and high-flying proposals on paper is not going to change anything for a common man.
On a scale of 0-100, the Housing Sentiment Index has been noted to be just 18; with 82% Indians categorically believing that housing is just not affordable to them. A vast majority of them, as many as 80%, believe it would take no less than 10 years of their gross income to afford a house in any of the leading Indian cities. The global benchmark is 5 years of gross income with not more than 40% of take-home salary. But 78% Indians believe it would take no less than 60% take home salary to buy a house in India.