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Author: Deep
Owing to global financial crisis, the foreign direct investment (FDI) in the real estate sector between April 2009 and December 2011 (Q1 FY10 and Q3 FY12) declined by a drastic 92 per cent, a recent survey says. According to a survey by consultancy firm Knight Frank, FDI in real estate declined by 92 per cent and its share in total FDI shrunk from 16.83 per cent in April 2009 to 1.94 per cent December 2011. FROM THE MAG:Experts rule out realty price bubble “Since 2005, 21 realty companies have raised Rs 213.06 billion through initial public offer (IPO) and follow…
Buyers jostle by each other, trying their best to get the attention of sellers. Sellers have no time to breathe and can barely entertain the buyers. The scene could be from a bustling local market. But here sellers are smartly-dressed people beaming with confidence. It is a ‘property fair’ where developers and brokers are hardselling their properties and prospective buyers are eager listeners. The Economic Survey 2011-12, struck a note different from the frenzy at the fair. “Greater attention needs to be given to asset price bubbles in real estate and stock markets and their implications for the economy and…
Let’s say you’re casually scrolling through Gmail on your Android phone when a can’t-miss Kodak moment suddenly presents itself. If you didn’t know better, you’d frantically tap the Home button and start swiping home screens until you found the camera app—that is, unless you use Android’s new camera shortcut. Indeed, Android boasts a series of handy shortcuts for everything from taking a screenshot to silencing notifications. Some of the best Android shortcuts have been around for years, while others will only work for those lucky enough to have Marshmallow—the latest version of Android—installed on their devices. Read on for seven…
Residential property prices in Mumbai declined 9.1 per cent last fiscal, recording the first price fall since the 2008 global financial crisis, said a survey by consultancy firm Knight Frank. SPECIAL: Realty tips: Builder floors a good option According to the survey titled ‘Knight Frank Prime Global Cities Index Q1 of 2012’, property prices of global prime cities reported a 1.4 per cent growth during the period, compared to April 2010-March 2011. SPECIAL: How to win a good property deal On year-on-year basis, the prices of properties in prime global cities in the first quarter of 2012 fell 0.4 per…
The long and short of it This week Netflix debuts one of this year’s Oscar-nominated animated short films, though it’s sure to have a life well beyond awards season. Meanwhile, Fandor offers up a classic short film from the 1940s. Who says long movies are better? Certainly Straight Outta Compton (now on Vudu) could have been shorter, although what’s there is still very much worth seeing. Then there’s Red Riding Trilogy, available on Hulu, a film that runs more than six hours and doesn’t seem to waste a moment. Steve Martin’s Dead Men Don’t Wear Plaid (catch it on Crackle)…
The government has rolled back the proposed 1 per cent tax deduction at source (TDS) on transfer of immovable property. Initiating the debate on the Finance Bill for 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said the government had decided to roll back the levy after receiving various representations. “The Finance Bill proposes that every transferee of immovable property(other than agricultural land), at the time of making payment for transfer of the property, shall deduct tax at the rate of 1 per cent of such sum,” Mukherjee said. “I have received a number of representations pointing out the…
German business software maker SAP expects its revenue from cloud subscriptions and support to be higher than its revenue from software licenses in 2018, reflecting an industry trend. This would be a dramatic shift for a company, which earlier had licenses and support of its business software as its mainstay business. There was considerable skepticism whether it would be able to quickly make the transition to the cloud with a new revenue model based on subscriptions rather than one-time payments. The market has moved significantly for SAP and its rivals like Oracle from on-premise software and services to applications delivered…
An Austrian airplane component maker for Boeing and Airbus said earlier this week a cybercrime-related fraud has caused €50 million (US$54 million) in damages. FACC AG said in its third quarter results report that the accounting department of its FACC Operations unit was targeted While many businesses have had brushes with cybercrime in the last few years, FACC’s large damages figure stands out. “The management board has taken immediate structural measures and is evaluating damages and insurance claims,” the document said. It characterized the incident as an “outflow” of €50 million of “liquid funds.” The loss does not pose an economic threat…
Skyscrapers inspire awe and make their creators and occupants proud. But not everyone wants to live in tall buildings. On the other hand, independent villas are expensive. Builder floors offer a middle path. Owners can use the builder floor concept to expand or renovate their houses as well as unlock a part of the capital value of their properties. LIFESTYLE MATTERS A builder floor apartment is a residential unit in a low-rise independent building that has a few other flats. The number of floors is generally two-four. Such a floor can be developed by the builder on its own or…