Rishi Ranjan Kala

Articles By Rishi Ranjan Kala

348 Articles

Freebies, discounts, payment plans driving homebuyer interest: Kolte Developer CEO

Group CEO Gopal Sarda tells Rishi Ranjan Kala that as customer walk-ins are rising, KPDL has already reached 65-70% of its quarterly sales run rate. Excerpts from the interview:

Kolte Patil lines up launches in FY21 second half as market shows signs of revival

Most of the branded developers with better access to liquidity, strong execution capabilities and digital capabilities have been progressively reporting improved performance.

Customers who have stable jobs and financial closures are looking forward to buy a house.

‘Omaxe sets target to become debt-free by second quarter of FY23’

In terms of financials, we have sold enough space to cover the entire project cost, which is Rs 1,200 crore. We have not taken any debt for this. It has started to give surplus.

Long-term fears: Commercial real estate at a crossroads as WFH here to stay

Emphasising on innovative concepts like short-term leases, Khattar said, “This can become a regular feature. We have to show flexibility and understanding of tenant partners’ business needs. Customer centricity will now b

The industry is working with start-ups and tech firms to offer safety solutions like state-of-the-art filters for AC plants, contactless parking, entry and exit.

Want to buy your dream home? RBI makes high-value home loans possible at lower rates

With Friday's rationalisation, the risk weight for all home loans with an LTV of 80% or less has been set to 35% and the risk weight for all home loans with an LTV between 80% and 90% has been set to 50%.

Earlier, all loans above Rs 75 lakh carried the same risk weight, irrespective of LTV.

PayTM has a long way to go before weaning users off Google’s platform

A key factor is that stakeholders like users, OEMs, developers, and government have to come together to create such a store.

PayTM has since been able to convince 300 creators to list their apps.

Big unlisted firms: MCA may ask for more frequent filing of financial statements

“XBRL has not been as effective in early fraud detection as was expected. Intention was that as income tax and sales tax officials scrutinise tax fillings/data, the MCA will have a similar facility to track companies,” a

“The move does allow the companies regulator to keep a timely check on movement of financial assertions of large unlisted companies. The amendment will further strengthen\early fraud detection capabilities of the companies regulator,” he added.

India-US working group on ICT discusses investment climate, data governance

Among the contentious issues being discussed were seven ICT products, including premium smartphones and smart watches, on which America wants India to scrap duties.

A senior government official said, “Such forums help in ironing out differences and handle complex issues of trade and policy,” he added. (Representative image)

‘Upbeat on commercial real estate; to invest Rs 7,000 crore for developing 12 million sq ft’: Purvankara MD Ashish

The realty space has been very encouraging of technology, the rate of tech-penetration has especially accelerated in last five years.

For our commercial real estate portfolio we have planned investments of Rs 7,000 crore over the next 7 years to build assets across 12 msf.

Newschecker, MyGate join hands to fact-check info on coronavirus for RWAs

Ranjit Behera, head of marketing at MyGate, said during Covid a lot of fake news started flowing on social media platforms.

Fake and misleading information is a big problem in India, more so with the growing penetration of internet and proliferation of social media platforms.

‘Our long-term vision is to replace old assets with new & better ones’

The whole idea is that when a churn happens, it should be beneficial for the company as it can become zero debt and cash-rich and use the money to create new assets.

Irfan Razack, Chairman and Managing Director of Prestige Group,

‘Demand for quality housing rising steadily in tier II & III cities’

Emami Realty’s managing director & CEO Nitesh Kumar, in an interview with Rishi Ranjan Kala, said the company will focus on tier II and III cities and is exploring opportunities in Bhubaneswar. Edited excerpts:

Emami Realty, Emami Group, Covid-19 impact, Nitesh Kumar, Emami Realty manging director, enami realty projects

Covid-19 impact: NCR housing market in a downward spiral

Residential property prices down by 10-15%, hit sector harder

In NCR, primary sales are higher because of new and higher inventory.

‘Looking at opportunities in distressed space; in talks for few Delhi-NCR projects’

MaxVIL’s managing director & CEO, Sahil Vachani, told Rishi Ranjan Kala in an interview that the company is on lookout for more distressed properties and is planning to develop more than 5 million sq ft of leasable office a

Max Ventures and Industries, Sahil Vachani, MaxVIL, Max House, Max Group, NCLT process, DLF, Co-working, max towers

Govt sanctions Rs 10,000 cr for stuck realty projects; but covid hits completion of 71,559 houses

Though a government-backed alternate investment fund (AIF) has sanctioned as much as Rs 10,284 crore to help complete 101 stuck housing projects, only a fraction of the approved fund has been released.

Work from home, e-learning spur tablet demand

“This was primarily fuelled by the Covid-related lockdown and consumer demand for WFH and LFH needs. Shipment of tablets with WiFi capabilities grew a whopping 98% Q-o-Q in Q2 2020,” CMR said.

Going ahead, Kumari said growth prospects continue to remain favourable with the market anticipated to grow 15-20% in July-December 2020.

Branded players will get scope to increase their market share: ZoloStays founder Nikhil Sikri

Going ahead, branded players would have a better chance of survival. This shock has sort of created a differentiation between a reliable partner and a normal accommodation.

It’s tough to comment today on how much more time expansion plans would take.

Building hopes: Home buyers ready to play house again, site visits up despite Covid

According to Anarock Property Consultants, the residential segment is witnessing return of serious enquiries, which are now at 50% of pre-Covid-19 levels in the top cities.

In Gurugram, around 30% demand for affordable housing is from investors, while 70% is from end users.

National Financial Reporting Authority forms panel for fine-tuning audit standards

NFRA rules allow the regulator to constitute advisory committees, study groups and task forces for the effective performance of its roles and responsibilities.

In case there is any conflict of interest on any matter brought before the TAC, the member concerned will have to report the matter to the chairperson, who will decide on the participation of the member.

New work order: Notebook sales hit an all-time high, courtesy work-from-home amid Covid

With most of India under lockdown, IT companies such as TCS, HCL, Infosys and Wipro have all announced arrangements for employees to work from home for the foreseeable future.

Despite the uptick in demand for notebooks, both IDC and Canalys project challenging times ahead for the traditional PC market, which includes desktops, notebooks and workstations.

Samsung pips Vivo to regain number two position in smartphone sales in India

Overall, IDC said the smartphone market witnessed a short 50.6% y-o-y decline in the second quarter to 18.2 million units, as India remained under lockdown through the first half of the quarter.

Chinese handset maker Xiaomi accused of patent infringement by US firm, case filed in Delhi high court

As negotiations fail, InterDigital drags Chinese company to court

Xiaomi India did not offer any responses till the time of the story going to the press.

Lutyens Delhi opens its gates to buyers — unprecedented number of houses up for sale and prices down

Generally, these properties are bought and sold in the name of companies as this helps save stamp duty because the property is showed under asset transfer from one firm to another.

Spread over 2,800 hectares, it has around 3,000 government-owned properties and 600 private bungalows covering a little over 101 hectares.

Data consumption on OTTs surges 947% in March-July

Frankfurt internet exchange is the world’s leading interconnection platform, managing over 9 terabits per second (Tbs) peak traffic. In India, it operates exchanges in Mumbai, Chennai, Delhi and Kolkata.

Ericsson’s mobility report (June 2020) projects average traffic per smartphone to hit 25 GB a month by 2025 with additional 410 million smartphone users expected to be added during the same time.

Housing Sales will be better in July-September: Sobha MD

Bengaluru is under a lockdown, which will hamper customers’ movement in terms of physically visiting the property and it contributes 70% plus of my new space.

Among our peers, we have one of the lowest debt at the size and scale as well as the available land bank.

COVID-19 lockdown boosts data demand: India’s data consumption on OTTs surges 947% between March to July

Ericsson’s mobility report (June 2020) projects average traffic per smartphone to hit 25 GB a month by 2025 with additional 410 million smartphone users expected to be added during the same time.

Registration of companies: Pace recovers smartly in June after hitting multi-year low in April

The ministry of corporate affairs data, however, show that closure of companies too slowed in the April-June this year, to an average of less than 300 in a month, from 5,200 a month in 2019-20.

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