Friday, December 31, 2010

DDA Scheme Brings Home Prices Down


DDA Housing scheme has come as a boon for aspiring home buyers as it has forced even small developers in the National Capital Region (NCR) to dole out hefty discounts and freebies like cars, LCD TVs and international holiday packages to woo buyers. Most of the potential buyers who have applied for DDA flats are not looking for options till the results are out and this has led developers to offer freebies. One developer, Supertech, which had started the ` 10 lakhflat scheme, is now offering a free car with every booking in the EcoVillage, Noida Extension. Similarly, another developer, RG Builder, is offering a lucky draw with every booking of its luxury apartments, where any buyer stands to win a car or a bike.Rishab Developers of Indirapuram is offering discounts up to 15 per cent for its two- BHK flats. 
23 Dec 2010 Indiatoday.com 

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Office Space Rentals Up 15%, Occupancy Rise 23% In 2010


After several quarters of tepid growth, the office space absorption has grown 23 per cent in 2010, while the rentals in the micro markets grew by 15 per cent as the overall demand for commercial space increased due to better macro economic indicators. The total commercial space absorption grew to 32.65 million sq ft from the last year’s absorption of 27 million sq ft in the major Indian cities, according to the annual report by real estate consultants, Cushman & Wakefield. Most micro markets in the country witnessed about 5 –15 per cent rental appreciation over last year, but currently rentals have stabilized across locations. However, select locations in Hyderabad and national capital region (NCR) have seen rental growing at a slower pace. In Mumbai, the moderation in demand led to stabilization in rental values which otherwise witnessed an annual appreciation of 5-10 per cent. Rentals in Bangalore recorded an annual appreciation in the range of 5-16 per cent, while the NCR rentals grew in the range of just 2 – 10 per cent over the year across most of the micro markets. 
20 Dec 2010 Financial Chronicle

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Changes In Building Bylaws Okayed

 
To curb unauthorized construction in regularized colonies in the Capital, the central government on Tuesday gave a green signal to legalise subdivision of plots and notify changes in the building bylaws. This means in the 567 regularized colonies, some of the special areas and urban villages, people can build houses with layouts sanctioned by the Municipal Corporation of Delhi (MCD) after due checks on regarding structural safety and illegal construction. All subdivisions of plots carried out since February 8, 2007 will be eligible for approval. Once legalized, the plans and designs for subdivided plots will have to be sent for approval and vetted by the civic body, which will be able to enforce the various structural safety riders.
22 Dec 2010 Hindustan Times

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Bangalore Closes In On Shanghai In Office Space


Bangalore is closing in on Shanghai, China’s booming commercial and industrial metropolis, in terms of Grade-A office space. The city’s office stock has grown over five-and-a-half times in the past four years. The surprise doesn’t end here. India’s Silicon Valley has already overtaken Singapore in this regard, says global property consultant C B Richard Ellis (CBRE). Grade-A offices mean centrally air-conditioned, well maintained, efficient buildings. Bangalore’s office stock has grown over five and a half times in the past four years, to 80 million sq ft. That has meant Grade-A office space there is now just 14 per cent less than Shanghai’s.

22 Dec 2010 Business Standard


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'Realty a worry, NBFCs need more regulation'

MUMBAI: The Indian financial system is stress-free but there are some soft spots in the economy which are the cause for concern. And external factors like growth inequalities in an increasingly correlated financial world could also be a point of bother for the Indian economy, the second financial stability report by the Reserve Bank of India (RBI) pointed out. 

On the domestic front, the report pointed out that the real estate sector and the rising delinquencies in the home loan sector could be cause for concern, and the central bank has already taken some steps that could mitigate the rising risks. "The developments in the housing sector are emerging as a concern due to sharp rise in prices in some centres and in some segments of the housing sector," the report noted. "There was significant increase in the delinquencies in housing loans though gross NPA ratio remained moderate at around 2.5%. This was largely a result of adverse credit selection during the periods of aggressive lending prior to the crisis," it added. 

Overall, the RBI pointed out that there had been some improvement in the quality of the retail loan portfolio of banks, of which the housing loan has the largest share, and as the economy grows, this is expected to improve. 

The report also pointed out that one of the key focus areas for policymakers would be to strengthen the regulations of large NBFCs and to look more closely and take appropriate measures into the regulatory gaps that exist in the non-banking space. 

"The Reserve Bank is continuing its efforts to strengthen the prudential framework for banks and non-banking financial institutions . Strengthening the regulation of systemic linkages of large NBFCs and addressing regulatory gaps in the non-banking space would be key focus areas," RBI governor D Subbarao wrote in the foreword to the report. 

It pointed out that the entry bar in the form of net owned fund requirement was low at Rs 2 crore, compared to Rs 300 crore for banks. Besides they are subjected to lighter touch regulation and do not face restrictions on capital market exposure. Further, there are no restrictions on setting up of subsidiaries, which allowed them to set up opaque structures the report said while adding that the structure allowed them to conduct non-financial activities by deploying funds in non-financial assets.


Source: http://timesofindia.indiatimes.com


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RBI’s stability report shows concern over rising inflation

The Reserve Bank of India (RBI) on Thursday reiterated its concern over high inflation, saying it continues to be “at elevated” levels, hinting at a possible rate hike in its January review of monetary policy.

The Indian central bank has hiked its key rates six times so far this year to fight inflation, but left the rates unchanged in its December review. The inflation rate dropped to a 11-month low 7.48% in November but food inflation, a critical component of the overall inflation basket, rose sharply in December.

Food inflation surged to a 10-week high of 14.44% for the week ended 18 December against 12.13% in the previous week, due to high vegetable prices.

“Inflation, particularly food inflation, in India continues to rule at elevated levels reflecting in part the structural demand-supply mismatches resulting from, inter alia, rising incomes and changing consumption patterns,” RBI said in its second financial stability report.

The report, released half yearly, is published by the financial stability unit of RBI to assess the health of financial system to identify and analyze the potential risks to the economy. The first stability report was released in March.

On Thursday, both the finance minister and RBI officials expressed their concerns over high inflation and indicated more steps to check rising prices.

“This is an area of concern... earlier we thought that it is because of the base effect, but it is not merely the base effect. There has been real increase in the prices of certain food items,” finance minister Pranab Mukherjee said earlier in the day.

RBI deputy governor K.C. Chakrabarty, talking to reporters in Bangalore, said the central bank is prepared to take action to curb the high inflation. “RBI has already taken the measure. If the Reserve Bank feels the measure is not adequate, they (RBI) will take more measures.”

Announcing its mid-term policy review in November, RBI had said that the probability of further rate hike till January is relatively low.

Chakrabarty, however, said a pause doesn’t necessarily mean a complete stop. “Pause does not mean halt. You need to distinguish between pause and halt. Pause is not a halt,” Chakrabarty said.

On capital flows, the RBI report said that the dominance of portfolio flows is a “potentially worrying feature” of the flows.

“A potentially worrying feature of capital flows to India has been the dominance of portfolio flows which are prone to sudden stops and reversals,” RBI said.

So far in 2010, foreign investors have bought shares worth $28.8 billion (Rs.

1.3 trillion) in domestic equities.

The apex bank also said the stress tests conducted on credit, market and liquidity risks have indicated “a reasonable degree of resilience” of the banking sector in the country, but the asset quality of banks and their asset-liability management position continue to warrant monitoring.

Indian banks could withstand the shock of the global credit crunch in the wake of the collapse of US investment bank Lehman Brothers Holdings Inc. because of their high capital to assets ratio and low non-performing assets (NPAs). However, the industry’s NPA has been on the rise as many assets, which were restructured in 2009, giving stressed customers more time to pay up, are turning bad now.

The stability report also touched upon the recent crisis in the microfinance sector and said “recent concerns warrant closer examination”.

Microfinance institutions (MFIs) are under pressure in Andhra Pradesh following a state law that restricts their operations. MFIs, in the business of giving tiny loans to poor people, is also under the glare of the finance ministry and the banking regulator for charging high rates to customers.

Source: www.livemint.com


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Thursday, December 9, 2010

रामायण की कुछ तस्वीरें


नीचे जो तस्वीरें हैं वो अब भी लंका में हैं


 
 

 
 
अशोक वाटिका जहाँ रावण ने सीता को रखा था

 
रावण का महल जिसे हनुमान ने जलाया था    
 
                                     सुग्रीव की गुफा 
 
 
 
संजीवनी पर्वत जहाँ अब भी कई असाधारण औसधियाँ मिलती हैं
 
 
रामसेतु का पानी में तैरने वाला पत्थर(जो प्रभु श्रीराम ने वानरसेना से बनवाया था)
 
 
रामसेतु
 
"श्री राम जय राम जय जय     राम !!"
 
   
     
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