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Bubblenomics: After gold, it may be the realty market next
Bubbles at first are built with a genuine foundation that then expands to levels where the foundations turn shaky and then, on some trigger, the foundation collapses. The beginning of the 21st century saw many such bubbles being built and then bursting. The first of the bubbles was the rise #Gold #Real estate #Smart Money
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No sales: 1.4 lakh unsold NCR houses; Mumbai property show a flop
A Mint report yesterday said acute labour shortage in the real estate industry due to social schemes such as MGNREGA which impact availability of migrant workers, is resulting in inordinate project delays and hampering the growth of the sector. "The labour shortage is prompting developers to delay new launches by nine #builders #InMyOpinion #Labour Shortage #NREGA #project delays
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Physical auctions are dead: expect 1 lakh realty e-auctions this year
India's commercial banks are expected to conduct over one lakh e-auctions to sell properties of non-performing assets ( If any borrower fails to re-pay the loan installments continuously over a period of time then that particular account and the asset relating to that account becomes a non-performing asset) during FY13-14 #Bank auction #Foreclosure #homes #NewsTracker #properties
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How dearth of cheap housing has forced poor into a death trap
Aslamkhan Bhikankha sold his wife's jewellery and used all his savings to buy a flat in a Mumbai suburb which he now fears will soon be razed, leaving his family homeless. The flat is in one of numerous illegal buildings in Mumbra that house poor migrant workers and face demolition by #HowThisWorks
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Why property is the biggest con-job on investors
A real estate exhibition underway right now in Mumbai dubs itself as "India's biggest property expo" and promises "properties across all budgets". It will flop, as many of the previous ones did, for the reality is that property in Mumbai has completely detached itself from the fundamentals of affordability and #property prices #Realty Bites #Smart Money
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Sahara’s Nine Jewels – as disclosed to the SC
The Sahara group’s affidavit dated 4 January 2012 asserts that it had "in course of its dealings deployed its funds (Rs 24,000 crore raised from optionally fully convertible debentures) inter alia for acquisition of assets.” These are the “nine jewels,” or properties, it has disclosed to the Supreme Court. (1) Sahara’s #Aamby Valley #Gurgaon #Sahara #Sahara Capers #SIREC #Subrata Roy
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Rs 62 cr to 1,436 cr: How Sahara inflated land value 23 times
The Subrata Roy-led Sahara Group, which is fighting Sebi over returning Rs 24,000-and-odd crore to nearly 30 million investors in optionally fully convertible debentures (OFCDs) issued by two of its group companies, has probably been less than truthful in its statements to the Supreme Court. In an affidavit filed with the #Real estate #Sahara Capers #SIREC #Subrata Roy
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Mumbra collapse: Politics is at the heart of this rubble
The dramatic collapse of Mumbra's Lucky Compound Building which claimed 74 lives, is a gut-wrenching reminder of the deep nexus between builders, politicians and officials. This horrific event brings to focus, yet again, those who made it possible for incomplete flats to be sold and occupied — private architects, brokers, civil engineers #Building collapse #ConnectTheDots #Mumbra #Thane
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Poor planning by Haryana govt aided pvt builders in Gurgaon: CAG
Chandigarh: Nearly 360 acres of prime land in Gurgaon has landed in the hands of private colonizers and developers, thanks to "poor planning" of the Haryana government. This has happened at the cost of the state government's own development agency, Haryana Urban Development Authority (HUDA), which has failed to develop the #CAG #developers #Gurgaon #Haryana #HUDA #Land #TheySaidIt
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From land to lending: Policy changes key to affordable housing
By Vinod Behl, IANS Affordable housing is the key to India's realty industry being able to change lanes to the fast track but cost escalations due to delayed permissions, lack of access to cheap credit and shortage of building material are proving to be major hurdles. The solution: Policy changes covering #Affordable housing #banking institutions #developers #liquidity crunch #policies #Real estate
