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Co-living is millennials new love | Weekly Roundup | RealtyMyths

Welcome back to the weekly news roundup! Let’s see what’s in the bulletin for this week. Looks like co-living has become a perfect choice for many millennials. In a recent report titled ‘Insights on Co-living – An Asia-Pacific Perspective’ by Knight Frank, Mumbai occupies the fifth position in Asia Pacific Co-living Index while New Delhi is ranked 11th and Bengaluru 19th. Greater Noida Industrial Development Authority (GNIDA) issued a notice to GaursonsHitech Infrastructure for fitting artificial carpet in the mandatory ‘green’ area of its housing project. This marks the third notice which has been sent to the company in the past two years with the first being sent in December 2017. According to the property consultant Anarock, South Mumbai’s Tardeo has become India’s mos...

Air Quality in Delhi: Is it improving?

– by Shefali Gautam Surprisingly, the sources which are freely available and are pre-requisite for our survival are the most polluted today. Yes, you heard it right, Soil, Water and Air the three essential requirements for human beings’ existence are pernicious. Believe me, the current situation is grisly and it demands immediate on-ground action, mere dialogues won’t solve the prevailing crisis. Current Air Quality in Delhi is blood-curdling. One of the biggest problems Delhi is facing today is dangerously high levels of toxic smog. As winter is coming, the problem of smog will again rise. Last year pollution levels hit its worst, the level rose to 500 in some parts of Delhi. In some parts of Delhi, pollution levels even hit 654. This happened during the last year’s Christmas Eve.  ...

2,646 trees at Aarey forest to be chopped for Metro car shed | Weekly Roundup | RealtyMyths

Hi Guys! Welcome back to the weekly news round up. Let’s see what’s brewing in the bulletin today!  CII-Indian Green Building Council (IGBC) has announced its plans to promote the ‘Net-Zero Energy Building Movement’ in India, which is intended to encouraging energy efficiency. The Noida Authority has warned realtor Unitech to clear its Rs 2,743.29 crore dues against the land allocated to it for group housing projects within 15 days or face cancellation of the allotments. New Delhi registered the biggest decline in Asia, as the capital dropped by 6 places to 118th spot on the world’s most liveable cities list, due to a rise in cases of crimes and poor air quality. Environment experts cautioned that if the target of attaining land degradation neutrality (LDN) by 2030 is not completed then t...

Do You Know How to Register a Complaint Under RERA

by Arti Chaudhary We all know that in every sector there is an act of law to protect human rights and one can file a complaint under that particular act if something goes wrong. After the execution of the Real Estate (Regulation and Development) Act, or RERA as it is commonly called, there was a sign of hope among homebuyers that this new act will finally secure their interests. And rightly so, slowly, people started getting updates about their projects from RERA website. However, the customers are still confused about how to file their complaint under RERA. A complaint under the RERA is required to be in the structure endorsed under the individual state’s guidelines. Before filing a complaint one should keep few things in mind such as the project should be enrolled under RERA, the c...

Why and Why Not Hire An Interior Designer

by Santosh Sinha Real estate, going by its face value, appears to be a very technical, monotonic and labor-intensive field where you would seldom expect sophistication. And why not, you would always encounter a cloud of dust engulfing the project site, with a pile of concrete, bricks, steel, and cement welcoming you from distance. Indeed, it is this characteristic of the real estate industry that makes it one of the least lucrative career options.  You would hardly find any management institute having a specialized course on real estate. Isn’t it! Well, having said that, this industry too has got a heart that beats. This industry too has a softer side which actually puts life into the structure made of bricks and mortar. Yes, you guessed it right. It is the architecture and interior ...

Why India’s Public Healthcare is still a failure?

– by Ankana Mitra The population is India‘s one of the biggest strengths. But do we have enough facilities to cater to this huge population? In spite of being one of the largest economies, why India’s public healthcare system is rotting? Why government hospitals in the country still lack basic facilities? Why people have to wait to get treated in public hospitals? On the contrary, private hospitals are blooming with innovative technology and modern equipment. Ironically, more than half of India’s population falls in the poor or lower-middle-class category, which means they cannot afford these private hospitals. The only option they have is to deal with the pitiable condition of the public health centers. Along with the scarcity of doctors and the nursing staff, their security h...

Top 5 Mistakes to Avoid While Investing in Commercial Property

by Arti Chaudhary In a world where things move so fast, it’s not uncommon that we react quickly and sometimes make rash decisions. Though generally, these miscalculated steps don’t cost much, when it comes to investment decisions, such adventures may cost dearly. Real Estate, especially commercial real estate, is one such segment which offers great investment opportunities. But, here too, caution is very much required. Investing in commercial property brings lots of financial rewards but at the same time many risks. To keep yourself safe from these risks it is important to learn from other’s experiences and know which commercial real estate mistakes you should steer clear of. The best way to avoid these mistakes is to have a keen understanding of your subject matter. Here are t...

Govt eases FDI norms for single-brand retail – Weekly News Round Up

Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week. The East Delhi Municipal Corporation (EDMC) has approved a proposal under which the Cooperative Group Housing Societies (CGHS) under the jurisdiction of the civic body will be allowed a property tax rebate of 5%, only if they install rainwater harvesting system in the societies’ premises. Recently Bombay High Court ordered to demolish all structures constructed in the Mumbra-Diva area, in order to protect the mangroves in the coastal area of Mumbai. HC also issued instructions to fine the violators under the Forest Conservation Act. Leh which is the headquarters of the recently formed Ladakh Union Territory is soon expected to be counted in the list of the Government’s Smart Cities Mission. The governm...

Can India’s Coworking Market Double Its Growth By 2021!

by Santosh Sinha The culture of the coworking space market has started getting more acceptance in the Indian market. Recently, coworking firm Oneculture has taken 1.06 lakh sq ft of office space from realty firm Bhutani Infra in its ‘Alphathum’ commercial project in Noida to open its fourth center comprising 1,600 seats. The co-working firm currently has two centers in Gurugram, Haryana with a total capacity of 1,300 seats and will open the third center in the city in November having 700 seats. It offers space in the range of Rs 12,000-22,000 per seat per month, a senior company official said. In this week itself, in an effort to encourage the business environment for MSMEs and startups, Small Industries Development Bank of India (SIDBI) formed a partnership with Incuspaze Solu...

Do you know parents can take the gifted property back if they are ill-treated!

by Arti Chaudhary Property gifting is a tradition that has been going on for years. The majority of parents gift their property to children out of generosity. And then there some do so anticipating that their kids will look after them in their old age. Technically, these practices keep the joint family culture alive. However, on the contrary, with numerous youngsters picking to relocate abroad for work, and many others getting into the nuclear family setup, the joint family system is slowly getting extinct. In such circumstances, the parents find themselves in the ‘no man’s land’. So the question is what should be done in such circumstances, where parents are ill-treated by their kids, once the property is transferred to the children? Is it possible to get back their prop...

Challenges Electric Vehicle Infrastructure is Facing in India

– by Anushree Ghosh Urbanization and population explosion have been a major cause of concern over the last few years in India. The drastic change in technology has transformed the mobility of Indian citizens. Also, in a country like India that is a power deficit and struggling to cope with pollution issues, electric-vehicles space has a huge potential to grow. India’s transport demand has grown by 8 times since 1980 (as cited in the World Bank data), as a result of which, we have witnessed huge demand in the auto industry; with more consciousness towards the environment, can we expect a surge in the demand of the electric vehicles? Even if the answer is yes, there is a long way to go before India becomes e-vehicle friendly. The two options available for charging e-vehicles are: charg...

Delhi world’s 10th fastest growing prime residential market | Weekly Roundup | RealtyMyths

Hey guys! Welcome to another weekly news roundup. Let’s see what’s brewing in the real estate sector!  According to the report by Anarock, in the last two years the unsold housing inventory in Gurugram rose over 10%, i.e., from 51,220 units in the second quarter of 2017 to 56,550), whereas there has been a decline in stocks in other parts of the NCR. With an annual capital value growth of 4.4% in the second quarter of 2019, New Delhi became the 10th fastest growing prime market in the world. Bengaluru and Mumbai ranked 15th and 30th on the list, respectively as per Knight Frank’s Prime Global Cities Index. The pan-India homebuyers’ body Forum for People’s Collective Efforts has approached the PM’s office to order forensic audits of all the housing projects that have been delayed for more ...

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