Author Archives: Loknath Das

Real estate slump continues, March sees 43% fall in home launches

The residential real estate market across the country saw a 43% year-on-year decline in launches in March. However, sales during the month saw a 10% y-o-y increase. The launches saw a staggering decline in March amid the uncertainty over GST (goods and services tax) rates as well as the liquidity crisis. This led to an overall fall of 6% y-o-y Read More


Africa’s Technology Hub Rises in a Congested Lagos Neighborhood

The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google. The Yaba area, home to the Yaba College of Technology and the University of Lagos, is an emerging technology ecosystem — from fewer than 10 startups in 2013 to more than 60 today, Read More


Fraud, diversion of funds: Real estate giant Ansal API under the scanner in UP

Lucknow: Real estate giant Ansal API, entrusted with around 90 projects in Uttar Pradesh, now finds itself under the scanner for alleged fraud, criminal breach of trust and diversion of funds.  The latest blow came last week when a Lucknow court issued a non-bailable warrant (NBW) against the firm’s top management, including chairman Sushil Ansal and his son Pranav Ansal. “Two Read More


Dubai’s real estate transactions value tops $9.25bln

The value of the total real estate transactions in Dubai surged to more than Dh34 billion ( ) during the first five months of 2019, up 33 per cent from Dh24 billion last year, according to Dubai Land Department (DLD). The value of residential and commercial apartments’ deals topped Dh17 billion, while land purchasing transactions amounted to Dh14 billion and villas deals Read More


The Trifecta: How Art, Data And Technology Drive Creativity At WE Communications

In 2017, when he was executive creative director at the digital agency POSSIBLE in Seattle, Ray Page led his team on a campaign that changed the way he thought of creativity, technology and the power of data. WeCounterHate is a social media tool that leverages machine learning and deep human expertise to confront hate speech on Twitter. The success of this platform (a 50% Read More


Indiabulls Real Estate shares surge for second straight day

New Delhi: Shares of the Indiabulls Real Estate (IBREL) surged as much as 17% in two days on buzz of US-based Blackstone acquiring a part of the promoters stake in the company. Indiabulls Real Estate in a statement to stock exchanges said its promoters intend to dispose of up to 14% of the fully paid-up share capital of the company (out of the Read More


Now, real estate developers file cases against homebuyers in UPRERA

Real estate developers are now taking recourse to RERA and lodging complaints against homebuyers for non-payment of dues. As many as 50 such cases have so far been filed with UPRERA, sources told Moneycontrol. Some builders have also filed complaints with UPRERA against development authorities for not issuing completion certificate on time, they said. As many as 43 cases have been Read More


G-Technology ArmorATD 2TB ruggedised hard drive review

OUR VERDICT The ArmorATD from G-Technology is a distinctly average ruggedised external hard disk drive with a premium price tag that makes it hard to justify and even harder to recommend. FOR Three year warranty Nice design AGAINST Expensive for what it offers No true compelling selling points Average performance Rugged storage, as a market, has had something of a Read More


What It Takes To Broker Eight- And Nine-Figure Real Estate Deals

In the age of the $238 million penthouse sale, as well as one of the slowest luxury markets in years, it takes much more than an online listing and a few glossy ads to move eight- and nine-figure properties. I spoke to two ultra-high-end New York City real estate brokers to find out how they cater to the world’s wealthiest buyers. Zachary Vichinsky Read More


World No Tobacco Day: How To Quit Tobacco For Good? Top 5 Tips By Our Expert

May 31 is observed as World No Tobacco Day. The theme for World No Tobacco Day 2019 is “tobacco and lung health”, focusing on the negative impact that tobacco has on people’s lung health and overall well-being. For ages, people have been using tobacco in our country in different forms. Some use it for smoking – cigarette, beedi, chillum, hooka, cigars and Read More