If you burn your finger in a pot of boiling water, should you blame the water, the pot, the fire or yourself?
REAL ESTATE IN INDIA
Strange as it may sound, to invoke a Tamil slang word while referring to the serious business of Delhi master plans MPD 2021. It is relevant. Read on. ‘Kolaveri’ means Rage, Anger etc. and that is precisely the emotion, which should see the MPD 2021 through. Aren’t we angry that something notified in Feb’ 2007 hasn’t still seen the light […]
Read moreHow often have we heard that the prices in Central & South Delhi are either at par, or much higher than the tony areas of Tokyo, London & New York? Chances are that you are amongst 9 of the 10 surveyed. The ‘Aam Aadmi’ is just a word bereft of the benefits of the free market world. In […]
Read more“Adversity brings out necessities”, said a management guru, at a seminar that I attended a few years back. However, my journey is the real estate sector proved otherwise. Let me explain. During the adverse period for the industry in late 2008 till 2012, everyone connected with the industry experimented with words like “Affordable”, EWS, Mass housing, Green, efficient, productivity […]
Read moreHow the interest of the landowners were periodically undermined by the policy makers With the tabling of the standing committee report on the LARR Bill 2011, the debate has widened whether development of urban areas are considered “A public purpose, or are the private developers engaged in a profit making commercial venture”. Should the government, government agencies & Urban authorities […]
Read moreQ: What are the factors that you think are holding the commercial real estate market in Gurgaon? RM : Gurgaon currently has more than 30 million sq. ft of commercial real estate under various stages of planning / development. The investment plans of most organizations, esp. within the IT & manufacturing domain aren’t really robust & aggressive, owing to the overall […]
Read moreEver since the Urban Development minister Mr. Kamal Nath has raised this question, a whole lot of experts (pseudo included) have jumped into the argument with valid arguments on why Delhi should not go vertical. Here are some misnomers, for the consumption of the common man, which seeks correction. 1. If Delhi has to plan for an additional population of […]
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