Slum redevelopment ensures inclusive growth
The business of redevelopment has a long gestation period but the end result is better living for the poor, improved civic amenities and infrastructure of the city and additional housing for the influx.
The business of redevelopment has a long gestation period but the end result is better living for the poor, improved civic amenities and infrastructure of the city and additional housing for the influx.
Anmol Shah, the Gujarati businessman settled in Mumbai, has both the emotional as well as rational reasons to invest in property this time on Akshay Tritiya. His astrologer has suggested that very much like a few years back when he bought his first flat in Mumbai, followed by an office in one of the Central Business Districts (CBD) on Akshay Tritiya, he should yet again buy the second house on the auspicious day this year.
Beyond the debate of front-end cost of the retailers driving new-age innovations into virtual world, the question is whether it is a natural growth progression of the retail and the future of organised retail in India?
While most of the retailers in India blame more to the frontline cost of the real estate than supply chain hurdles, online retailers like MyGrahak project it as a cost competitive advantage.
In addition to professionalism, enacting laws to enforce high standards of disclosure, transparency and corporate governance within the realty sector are also needed in order to minimize investor risk. Specifically with consumer interests in mind, there must be a redressal or complaint handling mechanism that provides much needed recourse against customer grievances.
Godrej Properties has announced that it has entered into an agreement for developing approximately 1.36 acres of land in the posh area of Alipore on Burdwan Road, in Kolkata.
What appears to be the bane of retail, whether organised or neighbourhood, has been spotted by some innovative entrepreneurs, of late. They are the tech savvy smart players in the segment who have realised that instead of getting into “dog eats dog” competition, it is better to spot the gaps that the upwardly mobile discerning consumers are finding and bridge the trust deficit in retailing to cater to this segment.
The absorption of office space continues its slide in the top cities, with exceptions in Mumbai, Kolkata and Ahmedabad, which are the only ones recording a rise in absorption levels, finds the real-estate consultancy firm Cushman and Wakefield.
rom local kirana shop to high street shopping and then malls, Indian consumers gradually got exposed to supermarkets & hypermarkets. And just when it seemed that organised retail in the country is poised for giant leap, the poor user experience of consumers prompted them to shift back to the tried and tested local kirana.
Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers’ 1.18 acre of prime commercial land near Connaught Place in the National Capital.