News Letter

After China, Actis planning to set up data centres in India

February 15, 2019 Ref - livemint.com

Actis is building the world’s largest non-governmental data centre outside Beijing and is eyeing similar opportunity in India amid implementation of RBI norms on data localization

Hero Realty has forayed into the Delhi-NCR property market and will invest about Rs 900 crore over the next four years to develop a premium housing project in Gurugram, a top company official said

February 15, 2019 Ref - thehindubusinessline.com

Hero Realty, the real estate arm of Sunil Kant Munjal-led Hero Enterprise, has completed many projects in Haridwar and is currently developing projects in Mohali and Ludhiana. It builds and markets projects under the brand Hero Homes. “We are coming up with a 9-acre housing project in Sector 104 on Dwarka Expressway named ‘Hero Homes - World of Wellness’ This is our first project in Delhi-NCR,” Hero Realty CEO Nagaraju Routhu told PTI. He said the company would develop about 1,000 flats in this project, of which 300 units have been launched in the first phase. It is selling flats at a starting price of Rs 68 lakh. “We have achieved best carpet area efficiency and effective space utilisation in this project without compromising on the green area which is 85 per cent,” he said. The apartment sizes vary from 1,100 sq ft to nearly 1,700 sq ft. On investment, he said the total project cost is estimated at over Rs 900 crore. The construction work would commence soon and the project would be completed in four years.

It’s the worst time to make money in markets since 1972

February 15, 2019 Ref - livemint.com

Nothing’s working, not large or small-cap stocks in the US, not international or emerging equities, not Treasuries, bonds, commodities or real estate. Most of them are down, and the ones that are up are doing so by percentages in the low single-digits

Commercial real estate in India: Adapting to the changing trends and preferences

February 15, 2019 Ref - housing.com

Over the last decade, the commercial real estate market has transformed and matured, in the backdrop of policy reforms, institutional investments, foreign partnerships and growth in the services sector.

Griha Pravesh in 2018-2019: A shubh muhurat guide

February 15, 2019 Ref - housing.com

A Griha Pravesh ceremony is believed to bring in positivity and good fortune, for the people who live in the house. We look at the auspicious dates and how home owners can plan in advance, for a perfect Griha Pravesh in 2019 A ‘Griha Pravesh’ or a house warming ceremony is a one-time ritual that is performed, when one enters a new home for the first time, for living in it. Experts recommend that the entire Griha Pravesh ceremony should be performed smoothly, as this ceremony marks the beginning of one’s residence in the property. Hence, it is especially important to ensure that there is no mistake, while deciding the Griha Pravesh date and the timing for entering the home and timing of the puja.

Sale of flats after issue of completion certificate not to attract GST: FinMin

February 15, 2019 Ref - economictimes.indiatimes.com

However, Goods and Services Tax (GST) is applicable on sale of under-construction property or ready to move in flats where completion certificate is not issued at the time of sale, it said.

Realty hot spot series: What makes this residential area a sought-after address in Mumbai

February 15, 2019 Ref - economictimes.indiatimes.com

This sought-after Mumbai address has a good connectivity through Western Express Highway, JVLR, SV Road and Goregaon Railway Station.

US markets climb 1% on trade optimism.

February 15, 2019 Ref - livemint.com

US stocks rose 1%, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fuelled by Trump’s upbeat comments on trade

Noida: Online bidding of 442 residential plots to begin today

February 15, 2019 Ref - economictimes.indiatimes.com

According to officials, 505 people have applied for the 442 plots. The e-bidding will be held from December 13 to 21, where each plot will be auctioned separately.

Opinion | The bubble is losing air. Get ready for a crisis

February 15, 2019 Ref - livemint.com

The shift to tighter monetary policies in the West is weakening credit markets. Over-indebted emerging markets face headwinds from rising borrowing costs and dollar shortages