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water crisis

Housing Minister to regularize unauthorized colonies in Delhi | Weekly Round Up | RealtyMyths

Welcome back to the Weekly News Round up! Let’s see what’s in the bulletin for this week.  According to ANAROCK Property Consultants data, where banks and NBFCs turning their back on real estate, private equity funds pump $3.8 billion into the Indian real estate sector. PE funds have invested $3.8 billion in the first nine months of the calendar year, 19% higher than the $3.2 billion invested during the same period a year ago. A Trump Tower developer in Mumbai, Macrotech Developers, (earlier known as Lodha Developers) is shifting their focus to provide affordable apartments and office space as demand for posh properties have been squeezed down. The developers will cut the share of premium housing from its portfolio to about 17% from 30%, said Managing Director Abhishek Lodha. As elections...

Real Estate Unsold inventory is on rise in FY19 | Weekly RoundUp | RealtyMyths

Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week.  The unsold inventory is increasing at a high rate. As per the report the available audited finances of the top 25 developers for FY19, they were sitting on unsold inventory worth nearly Rs 1.4 trillion at the end of March this year, up 19 percent year-on-year (YoY). In comparison, the industry’s combined revenues were down 7.2 percent in the last fiscal year, while net profits rose 7.7 percent. As the election is around the corner, the Maharashtra government fuelling up Mumbai’s real estate industry. After providing a Rs 2,200-crore fiscal package for the city’s realty industry last month, the Government has uncovered another stimulus package for the sector. The Government has also lowered the intere...

Article 370: Removal of ‘special status’ for J&K will improve infrastructure | Weekly Roundup | RealtyMyths

Hi guys, welcome back to weekly news roundup. Let’s get started!  On 6th August 2019, The Gautam Buddh Nagar administration acquired the first tranche of (80-hectare) farmland, for the proposed Jewar International Airport and passed it over to the Yamuna Expressway Industrial Development Authority (YEIDA). The Reserve Bank of India (RBI) cut the key interest rate for the fourth time in a row, as it reduced the repo rate by 35 basis points (0.35%) to 5.40%, to boost the slowing economy. According to the World Resources Institute’s Aqueduct Water Risk Atlas report, India is at the 13th spot among 17 countries, on the list of ‘extremely high’ water-stressed countries, close to ‘Day Zero’ conditions when the taps run dry. On August 5, 2019, the government, revoked the ‘special status’ granted...

Independent since 73 years and still dependent on Monsoon

– by Neeti Raina The recent Chennai water crisis was an eye-opener that brought home the enormity of how real the eventuality of running out of water is – and how other cities in India might eventually face the same situation sooner or a tad bit later. The day when Chennai was left with almost no water, officials declared that all the four reservoirs – supplying water to the city—had dried up. The reason—monsoon rainfall since late 2017 and much of 2018 were way below normal. Chennai’s rainfall deficit in 2018 was recorded at 55%. A similar fate could befall other smart cities — New Delhi, Hyderabad. Groundwater could completely run out of the water if conservation and management are not adopted. Though it’s 2019 and it has been 73 years since independence, India, Asia’s third-...

Delhi on the verge of water crisis

by Anushree Ghosh It is summer without water, once again! The scorching summer has brought drought-like situations in the capital city Delhi. The unpredictable rains and increasing population have depleted groundwater resources.  The serious water crisis is artificially created due to the maladministration and water wastage. Several areas of Delhi like Devli, Badarpur, Kanjhawala, Dwarka, Narela, Sangam Vihar, Burari, Khanpur, Bawana, and Mohan Garden are struggling because of acute water shortage. The public taps of these areas either have no water supply for days or are dispersing water that is not adequate for the people living in the locality, resulting in long queues and chaos, access to drinking water has also become difficult. According to the Composite Water Management Index (CWMI)...

Why Rain Water Harvesting is the need of the hour?

With every passing day, the level of groundwater is deteriorating. This is causing a situation of severe drought. One may take up any means or methods to avoid drought, it will happen until we rejuvenate our groundwater cycle. And, the best and the simplest way to refill the groundwater is rainwater harvesting.  To promote the culture of rainwater harvesting, the Municipal Corporation of Aurangabad has come up with a lucrative offer. It is giving a 10% discount in the Property Tax to all those who have installed the rainwater harvesting mechanism in their houses. This is just a small step but a very important one for the region that has been dealing with the draught since last 5-6 years. Rainwater harvesting can be and should be promoted everywhere. We hope the other municipal corporati...

Happy-Responsible Independence Day

Being a citizen of a country with such heritage and culture makes us proud, yet not responsible. People round the globe respect our culture, people, traditions, but the reality is harsh when they step it. The art and architecture is depreciating with our irresponsible attitude. We are turning the white to yellow, further to black. Roads getting dirtier, drains still are water clogged, air getting polluted, are we waiting for the d day to come? Nothing can change, if you don’t. So let’s pledge for a change this 70th Independence, let’s give back some to nature.

Rainwater Harvesting should be mandatory for builders

– Kishor Pate, CMD – Amit Enterprises Housing Ltd. Rainwater is the cleanest source of freely available potable water. Practiced in urban residential projects, rainwater harvesting will be able to meet almost 50% of the city’s water needs. Households as well as commercial buildings can save a lot on their water bills. Harvesting rainwater is not just about maximum utilization of a freely available resource but also about minimizing the impact of urban development on our natural surroundings. In fact, failure to harvest rainwater results not only in the obvious loss of a precious resource but also in heavy soil erosion. 5 Importance of Rainwater Harvesting that can save the world Reduced Demand for Ground Water The water supply in urban homes comes from reservoirs that are fed b...

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