Author Archives: Loknath Das

Raymond forays into real estate business with Rs 1.5 crore flats and adjoining school in Thane

Picture used for representational purpose only THANE: The Raymond group has announced its foray into the real estate sector and launched its debut project, a residential complex spread over 14 acres of its vast industrial land at Pokhran in Thane on Wednesday. Gautam Singhania, chairman and managing director of Raymond Ltd, said the project will house 3,000 residential units across 10 towers of Read More

Axis AMC raises ₹400 crore maiden real estate fund

Bengaluru: Axis Asset Management Company (AMC), a unit of Axis Bank, has concluded raising its maiden real estate fund — Axis RERA Opportunities Fund-I — with commitments of over₹400 crore, the company said on Tuesday. Investors include domestic institutions, high networth individuals and the sponsor, Axis AMC. The fund is targeting investments through the structured debt route in top eight cities, Read More

RBI repo rate cut to revive consumer spending, boost real estate market: Experts

After a cut in GST rates for real estate, the repo rate cut of 25 basis points is a big boost to the sector, experts said. “The real estate sector has been looking forward to such stimuli to boost sales velocity,” Shishir Baijal, Chairman & Managing Director, Knight Frank India told Moneycontrol. The Reserve Bank of India has also formed Read More

How much tax do you need to pay for your gold and real estate investments?

The two physical asset classes of real estate and gold have for long been considered safe havens by Indian investors, and are usually a very large chunk of portfolios. But over the past few years, returns from them have been poor to negative. While financial products are gaining ground with investors, real estate and gold continue to hold strong. In Read More

This Software Simplifies Building and Sticking to a Business Plan

To create a killer business, you need a killer business plan. A compelling business plan not only piques the interest of investors, but it’s also a must-have tool for understanding the nuts and bolts of how your company will get from point A to point B. Your plan will give you a bird’s eye view of how your business may perform Read More

The Culture Behind Technology

London, UK – 04 12 2014: Red double-decker bus taxi cab in London city center street traffic. The red double-decker buses in London have become a national symbol of England and United Kingdom. GETTY Most every bit of technology throughout history is informed by cultural norms and social conventions. We are currently seeing how culture and technology can conflict where driverless Read More

Share market update: Realty shares fall; Indiabulls Real Estate slumps 3%

NEW DELHI: Realty shares were trading with losses in Monday’s morning session. Shares of Indiabulls Real Estate (down 3.06 per cent) , Prestige Estates Projects (down 2.81 per cent) , Godrej Properties (down 2.17 per cent) and Oberoi Realty (down 1.97 per cent) were trading in the red. Brigade Enterprises (down 1.51 per cent) , DLFNSE -0.64 %(down 1.30 per cent) Read More

PEs ditch residential projects for commercial real estate

PE inflows in residential projects down 82% at $266 mn in 2018, commercial sector draws $2.8 bn Commercial real estate investments from institutional investors are at a four-year high in India as investments in residential projects have dropped to a four-year low, according to a new report from Anarock Consultants. The commercial office segment saw the highest inflows, accounting for Read More

How Barneys Is Giving the Marijuana Lifestyle the Luxury Treatment

BEVERLY HILLS, United States — High-end department store Barneys New York has given the marijuana lifestyle the luxury treatment, launching a range of pot-themed products this week in the latest sign a drug once associated with bohemians and deadbeats is moving up the social ladder. Customers at the upscale retailer’s Beverly Hills store on Friday perused a new section with hand-blown glass bongs, Gucci ashtrays, Read More

Cars are regulated for safety – why not information technology?

As the computing industry grapples with its role in society, many people, both in the fieldand outside it, are talking about a crisis of ethics. There is a massive rush to hire chief ethics officers, retool codes of professional ethics and teach ethics to students. But as a scholar of computing – and a teacher of a course on computing, ethics and society at Rice University – I am skeptical of the assumptions Read More