Author Archives: Loknath Das

Real estate market sentiment drops to demonetisation-period levels: Survey

Despite a slew of measures to arrest the slump by the government and the Reserve Bank of India (RBI) to boost liquidity and revive demand, current sentiments of the real estate stakeholders in India has plummeted to a level earlier seen during the 2014 pre-elections and demonetisation in 2016, a survey has said. According to the latest survey by industry Read More


Stock Market: Sensex, Nifty trade tepid on negative FIIs; IRCTC IPO settles at Rs 626

The stock market of India was sideways on negative foreign institutional investors (FIIs). The BSE Sensex went down 30 points to 30,096 levels while the 50-stock Nifty 1 point down at 11,303 levels. The Bank Nifty index was 22 points up at 28,064 levels. Speaking on the current market scenario Sumeet Bagadia, Vice President at Choice Broking said, “Market is Read More


Uttar Pradesh builders and real estate authorities stare at Rs 200 crore in penalties for failing compliance

Builders who failed to comply with an Uttar Pradesh Real Estate Regulatory Authority (UP RERA) order to handover possession of units may now have to cough up a cumulative Rs 200 crore as penalty. Presently, more than 15 developers, the Ghaziabad Development Authority and Greater Noida Industrial Development Authority have been issued notices for the non-compliance. UP RERA identified 397 such projects in Ghaziabad, Read More


Indiabulls Real Estate locked in upper circuit after board nod to share buyback

Shares of Indiabulls Real Estate were locked in 5 percent upper circuit at Rs 43.40 intraday after its board on October 11 approved a Rs 500-crore share buyback proposal. On the BSE, there were pending buy orders of 285,309 shares, with no sellers available at 1338 hours. The real estate company informed exchanges that its board of directors had approved a proposal Read More


Govt’s fiscal stimulus to do little help to real estate sector; tough time likely to continue

GST Council, headed by Finance Minister Nirmala Sitharaman, held its 37th meeting in Goa on 20th September 2019. With India’s Gross Domestic Product (GDP) touching a six-year low of 5 per cent, and various sectors facing a severe downturn, the government was under huge pressure to take new measures to boost consumption and demand by reducing the GST. Despite the real Read More


Indians More Optimistic About Technology Than Rest of The World, Says World Economic Forum

Rumblings of economic slowdown may have shaken some, but it hasn’t stopped the technology industry and startups from exploring innovations to solve the problems on the ground. According to an opinion poll by the World Economic Forum (WEF), people from India are among the world’s most optimistic about technology. The opinion poll was prepared and commissioned by SAP and Qualtrics Read More


WeWork Skepticism From 300 Real Estate Conference Calls

WeWork’s unsuccessful IPO attempt has generated a lot of media attention over the last two months. In Forbes, we ran a comparison of the disclosed related party transactions versus recent high profile IPOs. Our head of research was interviewed extensively at IPO Edge regarding the governance, valuation and business model considerations surrounding the offering. The same outlet also wrote about the disappearing references to cash Read More


Most investors prefer real estate, says survey. Really?

The turmoil in the equity markets and the decline in interest rates may have pushed investors towards real estate. An online survey shows that 57% of people prefer to invest in real estate. The survey was conducted by Anarock Property Consultant in the first quarter of 2019 and received 2,797 responses from across income levels, age groups and geographies. Respondents from Bengaluru were the most bullish Read More


Some Unique Gifting Ideas For This Diwali

    During শুভ দীপাবলি celebrations, one regularly winds up considering what will be the best present for friends and family. Chocolates and blooms are sentimental; you could go for certain cakes and baked goods on the off chance that you intend to drop down to a friend or family member’s place for festivity. At that point, the decision of Read More


Humans Can Improve Technology without Really Understanding It

Participants in a study on how technology evolves adjusted the position of four weights attached to the spokes of a wheel in an effort to increase its speed down a sloping track. Credit: Maxime Derex Did early human inventions—bows and arrows, houses, kayaks—result from innate smarts that bested the intelligence of chimps, lions and other species? Or did these artifacts arise Read More