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Silk industry, a victim to rampant realty growth

Posted On Friday, August 27, 2010

From 2.70 lakh hectare in 1998-99, mulberry acreage in India plummeted to 1.78 lakh hectare in 2008-09 Once a booming industry in Karnataka employing thousands of people, sericulture has now slipped several positions due to declining mulberry acreage. Not only Karnataka, the national picture of mulberry cultivation is also grim, sounding the death knell for the industry. From 2.70 lakh hectare i....

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Indian sanitaryware shines on realty boom

Posted On Friday, August 13, 2010

Currently valued at Rs 1,500 crore, the Indian bath and sanitaryware market has emerged the second largest by volume in the Asia-Pacific region A careful reading of various ancient civilisations would help you conclude that the concept of toilet came into being only when man learnt to have an established abode. Therefore, it can be said that developments in civilisation and sanitation have been co....

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Govt approves RFID technology for ETC on NHs

Posted On Friday, July 23, 2010

The proposed electronic toll collection system will ensure seamless travel across national highways and reduce revenue leakages, opines Road Ministry as well as general public Electronic toll collection or ETC has been a hot topic of discussion for the Ministry of Road Transport and Highways (MORTH) in recent times. The benefits: Helps to save fuel and reduces emissions from idling and repeate....

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Focus on property valuation gets a clarion call

Posted On Friday, July 09, 2010

Currently, property valuation methods in the country are as diverse as the property laws in different states It seems that India has finally woken up and understood the requirement of property valuation. Consider this: In a recent poll conducted by ConstructionBiz360, the e-portal of Times Journal of Construction and Design (TJCD), record 100% voters voiced in favour of bringing in some regulation....

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Much achieved, but miles remain

Posted On Friday, June 25, 2010

The finance minister sanctioned Rs 66,100 crore for rural development for 2010-11 Going by Mahatma Gandhis golden words, Just as the universe is contained in the self, so is India contained in the villages, it becomes imperative for the Indian government to develop rural infrastructure for the overall economic growth of the country. Statistics show around 71% of the countrys one billion-plus popul....

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Euphoria for affordable housing settles down

Posted On Friday, June 11, 2010

According to a recent report by PropEquity, absorption levels for affordable houses have shown a decline, while there has been a demand surge for mid-segment apartments Affordable housing, which remained the thrust in 2009 and helped developers (including SMEs and prominent players) tide over the real estate slump, is currently witnessing a slowdown in absorption levels. As the markets started ma....

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Realty revival boosting glass industry

Posted On Monday, May 31, 2010

The glass industry reported 10-12% growth in January-April 2010, says R Subhramanian, chairman of Glazing Society of India Growth in the real estate sector has always proved fruitful for several ancillary industries such as building materials (including cement, brick and others), glass, steel and timber, among others. In this regard, consider the Indian glass industry, which is currently valued at....

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Proposed realty indices to benefit sector immensely

Posted On Thursday, May 13, 2010

The Reserve Bank of India is planning to introduce two real estate indices, one exclusively focusing on the movements in commercial realty prices and the other devoted to residential property rates Lack of transparency, limited availability of property price information and absence of a centralised regulator are the three key impediments for property investors. A recent report published by the Res....

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Recent policy-rate hike may hit residential realty

Posted On Thursday, April 15, 2010

The 25 basis points hike in repo and reverse rates by the Reserve Bank of India is likely to impact home loan rates, which eventually would dampen the demand for residential property Of late, the Reserve Bank of India (RBI) has increased the repo and reverse repo rates by 25 basis points and has further hinted to hike rates as a part of its tight monetary policy. This decision to raise policy rate....

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Developers spot NCD mechanism to raise foreign funds

Posted On Thursday, April 01, 2010

Four realty firms in India have raised more than Rs 1,000 crore through the non-convertible debenture route over the last few months External commercial borrowings (ECBs) or foreign loans, which are banned in the Indian real estate sector, are sneaking into the housing sector at present. Foreign direct investment (FDI) worth billions of dollars come into the real estate sector, without directly i....

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Property to get costlier soon

Posted On Friday, March 19, 2010

Planning to buy a house? Purchase it before July or be prepared to cough up more. This is because once the 3.3% service tax, as announced in the Union Budget 2010-11, comes into effect on the housing sector from July onwards homes prices are likely to become dearer. Industry leaders opine that cost of property is expected to go up by 5-7%. General public, too, feel that the finance ministers pr....

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Proper planning: A critical aspect for low-cost housing

Posted On Thursday, March 04, 2010

In a bid to properly plan and successfully implement the low-cost housing programme, the government is encouraging research activities in this field Increasing population, coupled with large-scale urbanisation is taking the housing deficit in India to a higher magnitude. At present, the country requires around 24.71 million houses, of which 21.78 million is required for the economically weaker sec....

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Indian interior designing industry set to rock

Posted On Friday, February 19, 2010

Diverse scope of interior designing has led to the emergence of several specialised micro-disciplines such as residential design, corporate design, retail design and hospitality design Gone are the days when interior designing in India would usually point to the traditional dcor of an average Indian home, comprising marble or mosaic flooring, coloured walls adorned with local crafts and colonial ....

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