‘Category: Articles’

BUDGET 2014 EXPECTATIONS OF DELHI NCR BUILDERS – How realistic are they?

I am reminded of an incident during the first qtr. of 2014, an event organized by one of the industry bodies of Real estate developers, wherein an Union minister was grilled mercilessly by the builder lobby, with fear of retribution or remorse They actually read out the writing on the wall to the outgoing minister. Read more…

Harnessing Lal Dora land in Delhi could be the key to more affordable housing

While there is a large demand for affordable housing, scarce availability of land, and archaic government norms which were suited to the British era ensure that the available village land in Delhi which falls in Lal Dora can’t be used for building houses for the middle, and lower middle class. There are many villages in Read more…

With realty facing tough times in NCR, demand for domain experts rising

Gurgaon is one of the hottest real estate destination in the country which has seen mushrooming of real estate brokers with  no real knowledge about an industry which plays crucial role in turning the dreams of lakhs of people into reality. Recent estimates suggest that there are about 35000 individuals and firms in Gurgaon engaged Read more…

Invest in Land -Why?

“A funny thing happens in real estate. When it comes back up like gangbusters”- this quote can only be true in current scenario if you are intelligent enough to invest in land property. It has become a cliché now to inculcate this line “Ninety percent of all millionaires become so through owning real estate”, isn’t Read more…

Why invest in MPD 2021, and Where?

Ramesh Menon, Director, Certes Realty ltd. How often have we heard that the prices in Central & South Delhi are either at par, or much higher than the tony areas of Tokyo, London & New York? Chances are that you are amongst 9 of the 10 surveyed.  The ‘Aam Aadmi’ is just a word bereft Read more…

LAND ACQUISITION & URBANIZATION

How the interest of the landowners were periodically undermined by the policy makers With the tabling of the standing committee report on the LARR Bill 2011, the debate has widened whether development of urban areas are considered “A public purpose, or are the private developers engaged in a profit making commercial venture”. Should the government, Read more…

Why is general power of attorney registered?

  FREQUENTLY ASKED QUESTIONS (FAQs) (on the Supreme Court Judgement of 11.10.2011 on GPA)     1. What is a general power of attorney? Ans. A general power of attorney is an instrument that is used by a person (granter) to confer authority on other person (grantee) to act on his behalf. The action done Read more…

SEZ: A vision gone awry

By Ajay DabasFounder Certes Realty ltd. When the current SEZ policy was formulated it was done with the aim to provide a level playing field for domestic enterprises and manufacturers. India already had Export Processing Zone (EPZ) model dating back to 1965 and while formulating the SEZ policy the objective was to learn from the Read more…

 

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