Author Archives: Loknath Das

Indian real estate will power Indian economy into the ‘big league’

Globally, real estate development is an important parameter to measure economic growth. If one just looks at the demand for homes in India, the growth potential is huge. Initiatives by the government, including ‘Housing for All by 2022’ offer major growth potential not just for the sector, but also for economic development and GDP growth. Indian real estate is the engine Read More


GST rate cut will be good for real estate, homebuyers: Developers

The GST rate cuts are proposed to be accompanied by denial of input tax credit to builders. A group of ministers (GoM), led by Gujarat Deputy CM Nitinbhai Patel, has recently recommended 5% GST (goods and services tax) for under construction properties and 3% GST for affordable housing, which has been welcomed by both industry experts as well as property Read More


AI: The Technology Penicillin Of The 21st Century

Ginni Rometty, chief executive officer of International Business Machines Corp. (IBM), speaks during the IBM Think Conference in San Francisco, California, U.S. Photographer: David Paul Morris/Bloomberg photo credit: © 2019 Bloomberg Finance LP© 2019 BLOOMBERG FINANCE LP The title of this article comes from one of many memorable (and tweetable) lines I heard from one of the speakers at IBM’s Read More


How the big divorce will impact Indian investments in UK real estate

v The doomsayers are having a field day with predicting that Brexit will cause the UK real estate market to dry up and blow away. In India, we are quite used to gleeful prophecies of doom regarding real estate and take them with a healthy pinch of salt. No doubt, every change involves disruption and confusion in the beginning. In Read More


Apple Health VP talks Heart Study results and more during event at San Francisco Apple Store

Apple is holding a string of heart health-related events at its retail stores this month in honor of Heart Month. Last night, such an event was held at Apple’s Union Square store in San Francisco, and the company’s health vice president Sumbul Desai was in attendance. Desai talked about the Apple Heart Study and more. As outlined by CNBC, the event started with Read More


News Daily: Tougher taxi rules and US shutdown deal

. Those are two of the ideas from the Department for Transport which thinks vulnerable passengers need more protection. A national licensing database could also be created to stop a driver banned from operating in one area of the country simply moving to another where checks are more lenient. Fears around taxi travel have often focused on unlicensed drivers, but the case of Read More


How This Millionaire Mom Turned A Health Tragedy Into Triumph

Meet Monique Rodriguez, CEO of Mielle Organics, one of the fastest growing natural hair care companies in the United States. In 2014, Rodriguez started Mielle Organics in her garage, fast forward to 2019 and Mielle has come from the garage to the shelf and grown to become a multi-million-dollar company sold in over 100,000 major retailers. However, this family business was Read More


Suicide rates decline globally

The World Health Organization lists suicide as a critical public health issue and estimates at least 800,000 people kill themselves every year. Global suicide rate is falling  |  Photo Credit: AFP Suicides have fallen globally by more than a third since 1990, according to a far-reaching analysis released Thursday that highlighted profound differences in the number of men and women taking Read More


Now NBFCs are dreading bankruptcies in the real estate sector

Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious. Just a year ago, India’s third-largest mortgage lender was bragging about how it had shrunk its financing costs by replacing bank loans with market borrowings. Now, Dewan Housing Finance Corp. is confronting the fallout of that Read More


Real estate firm penalised for breaking pact

The District Consumer Redressal forum has asked Nature Farms and Real Estates Private Limited to refund Rs 3,16,924 along with 12 per cent interest and pay Rs 3,962 per month from August 20, 2015, to July 20, 2019, as lease amount and Rs 30,000 as compensation and litigation expenses to a city-based resident for failing to give timely possession of Read More