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THE REALTY MARKET IN MUMBAI SEEMS TO BE GROWING UP OWING TO THE RISING DEMAND FOR AFFORDABLE HOUSING THIS FESTIVE SEASON

 

The real estate industry has undergone several changes over the last two years and all the amendments were directed towards the benefit of homebuyers. The implementation of RERA has made the industry buyer-friendly, hence motivating them to make the property purchase. At present, the realty market in Mumbai is witnessing the signs of recovery in the residential property, especially the affordable housing segment. The government’s Pradhan Mantri Awas Yojana (PMAY) scheme has encouraged many homebuyers to fulfill the dream of owning a property.

After the announcement of demonetisation, most buyers shirked to put their hard-earned money into real estate, and preferred to wait till the market streamlines. However, with the positive developments taking place in the industry, followed by the centre’s decision of approving 33 per cent increase in the carpet area of houses eligible for interest subsidy, under the affordable housing scheme, there is a sudden boost in the demand for newlylaunched one-BHK homes in Mumbai. “This decision is a huge step towards providing a boost to the construction sector which contributes to the increasing activity on the supply side. Lower home loan interest and necessary impetus given by the government to affordable housing is playing a key role in pushing the sales volume with the market seeing investments being done by actual end-users,” says Manju Yagnik, one of the leading developers.

 

>> FAVOURABLE TIME FOR END-USERS

According to experts, the city developers have witnessed a rise in demand for affordable housing as well as ready-to-move-in homes. The current real estate market in Mumbai is favourable for property buyers as the segment will offer good returns in the coming years.

Furthermore, the residential launches too have made a comeback. Mumbai residential market witnessed 128 per cent YoY growth in residential launches in the first half of 2018. This was primarily driven by dumping ground reprieve in Mumbai city and also mega project launches in peripheral suburbs. However, most developers have reduced the apartment sizes in the new constructed buildings. “Most developers focussed on reducing apartment sizes of their new launches. There is shrinkage of 12 per cent in apartment sizes across MMR, with some premium markets witnessing reduction of as high as 31 per cent,” informs Dr Samantak Das, chief economist and national director – research, of a leading property consultancy firm. He further adds, “The office market has been steady with rentals growing across business districts; however, the growth in transactions was restrained by lack of supply.”

The drop in price rates has also been successful in attracting homebuyers to consider property purchase. In addition to reduction in prices, developers are offering bouquet of sops including 24-month rent assurance, stamp duty waivers and no floor rise charges among others. However, according to the experts, the investor market has been little sluggish since the last year mainly due to rental policies, taxation and higher stamp duty.

>> ADVICE TO HOMEBUYERS

Buying a house is a long-term commitment, hence every individual needs to be careful before making any final decision. One should remember that the home-buying process should be smooth rather than a financial burden. “The key factor that young homebuyers should keep in mind is to evaluate their assets and liabilities to get the clarity on how much they can afford to spend on a house. This will make it easy for them to shortlist the options available in the market as per their choice of location, amenities, configuration and various other factors keeping budget in mind. In the process of exploring the properties, credibility of developer plays a major role in decision making,” explains Yagnik.

After in-depth home inspections, it is crucial to do a thorough research on mortgage options and down payment of home loan. Today, for buyers, it is possible to avail of a loan with the offer of zero down payments as well if credit score of a buyer is above par, but this convenience also comes with its own terms and conditions. “For first time homebuyers, having a good credit score are of utmost importance as this is one of the key factors taken into account by banks when they issue loans. Major mistake that ends up young homebuyers into trouble is negligence to factor the total cost of the property. Other major factor which every homebuyer should be aware of is to “know their rights”, introduction of RERA has created the legal groundwork to make the sector consumercentric by providing transparency and improve disclosures, and hence the end user has easy access to property-related data and information, creating a transparent interface,” concludes Yagnik.

Be the first to comment - What do you think?  Posted by admin - September 8, 2018 at 6:30 pm

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Soorma has one of the most inspiring stories ever told: Chitrangda Singh

Chitrangda Singh

Chitrangda Singh

 

She is one of the most beautiful women in showbiz, but her career at the movies has transcended her looks and made an impact with the measured roles and movies that she’s chosen over the years. And, with her characteristic elan, Chitrangda Singh has now found a new role in life. She’s the producer of Soorma, which releases tomorrow. The biopic on India’s hockey star Sandeep Singh, features Diljit Dosanjh and Taapsee Pannu in the lead. About her new role, she says, “Producing Soorma has been a two-and-a-half-year journey. If I were to divide my life into chapters, this would be the fattest and most important one.”

It was by chance that she met Sandeep Singh a few years ago, through a common friend. At that time, Chitrangda was writing another film, but when she heard Sandeep’s story, she was floored. She adds, “I’ve met sportsmen and women all my life — cricketers, golfers, tennis players… but this was my first tryst with hockey. And I was surprised to know how dramatic and incredible Sandeep’s journey had been. A spine injury had left him wheelchair-bound, but he picked up the pieces of his life and made an incredible comeback. He became the captain of the Indian hockey team and led the team to multiple international titles.”

Sandeep’s personal achievements also inspired Chitrangda a lot. “He won an Arjuna Award for his professional success, but the achievements in his personal life are untold. That’s why it was important to tell his story. That he made an incredible comeback is just one aspect of it, he faced so many adversities while attempting to do so. He even had to sell his house to pay the hospital bills, but he remained incredibly focussed,” she says.

She is hopeful that Sandeep’s story will strike a chord with the viewers. “Soorma has one of the most inspiring stories ever told. It’s a tale of true grit and perseverance. I am sure that people will appreciate the fact that one man fought so hard for his passion and survival,” she sums up.

Be the first to comment - What do you think?  Posted by admin - July 13, 2018 at 11:28 am

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Cardi B counter-sues her former manager Shaft for $15mn

American rapper Cardi B has counter-sued her former manager for $15 million (approx `103crore), claiming he exploited her and was trying to take a full control over her life. The 25-year-old rapper retaliated as her manager Klenord Raphael aka Shaft, filed a $10 million (approx `68 crore) lawsuit against her, alleging a breach of contract, unjust enrichment, declaratory judgment and defamation.

On Thursday, Cardi hit back, counter-suing Shaft and alleging he gained her trust, cut her off from other friends and advisers, and then signed her on to contracts that were variously described in the suit as “grossly unfair”, “highly one-sided” and “highly favourable to himself ”, reports a daily.

The suit claims that Shaft used money that belonged to Cardi for his “personal travel, entertainment and expenses”.

Be the first to comment - What do you think?  Posted by admin - July 8, 2018 at 4:48 pm

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ASHLEY GREENE GETS MARRIED TO PAUL KHOURY IN SAN JOSE

Ashley Greene and Paul Khoury are officially married. The Twilight actress, 31, and Australian TV personality got married on Friday in San Jose, California. Greene and Khoury wed in front of guests and friends including Liam Hemsworth, Zac Efron, Rob Pattinson, Brittany Snow, Lauren and Aaron Paul, and Evan and Ashlee Simpson-Ross, as reported by a daily. The bride wore a custom back-bearing dress for the ceremony, and later changed into a statement reception gown.

The couple exchanged the vows they’d written themselves during the nuptials. In December 2016, Khoury proposed to Greene during a vacation in Australia and New Zealand.

To announce the engagement, Greene shared footage of the exact moment Khoury got down on bended knee on her Instagram. “This is the most beautiful moment I could have ever hoped for,” Greene captioned the video, adding, “You’ve successfully made me the happiest, luckiest woman alive. I can’t wait to show you my unfaltering immeasurable love for the rest of our lives. #engaged #loveofmylife #futurehusband.”

Greene and Khoury have been dating since 2013.

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Amit Chaturvedi, ‘After completing Ironman triathlon I broke down’

Amit Chaturvedi, a businessman from Jaipur, participated in the recently held Ironman Triathlon in Karnten, Austria. He completed the full triathlon on July 1 in 14.23.51 hrs. Amit tells us, “I feel incredible as I achieved this after a lot of persistence, training and hard work. I had to make a lot of sacrifices, including my sleep, comfort and family time. It’s definitely a very satisfying feeling, which is hard to explain in words.”

‘COLLAPSED AND BROKE DOWN AFTER FINISHING THE RACE’

The moment he crossed the finished line, Amit says that he collapsed and broke down. “The realisation of finishing the race, and that too with an unexpectedly good timing was so overwhelming that I broke down. Even when I was driving back from the race venue to where I was putting up in Austria, my mind was groggy and numb. The maximum session during my training had been eight to nine hours, with rest breaks in between. This was 14-and-a-half hours non-stop. I started at 7.05am and completed at 9.25pm,” he says.

‘PARTICIPATED IN SEVERAL HALF MARATHONS IN JAIPUR, DELHI AND MUMBAI’

Talking about his stint with running and swimming, Amit tells us, “I was never active in any sports. Just to stay fit, I started running alone at the beginning of 2011. After a friend’s suggestion, I registered for Delhi Half Marathon in November 2011, and without any technical knowledge or training, just landed up at the start line of the marathon and managed to finish in 2.19 hrs. This is when I got hooked on running. I participated in several half marathons thereafter, including in Delhi, Mumbai, Hyderabad and Jaipur and slowly graduated to full marathons. I also did a lot of endurance cycling, including a couple of 250km ride events and cycling from Manali to Leh over 8 days in July 2014. In spite of being a complete non-swimmer, in February 2015, I tried Olympic Distance Triathlon in Goa with a bunch of friends. I had never learned about swimming the right way and had an aquaphobia. I could not swim 100 meters at a stretch.

However, I managed to swim 1,500 meters in Goa Triathlon in 2015 and the triathlon bug bit me then. I did another Goa Triathlon in 2016 before attempting my first half Ironman in Phuket, Thailand in November 2016. I did that comfortably.”

‘HEARD ABOUT IRONMAN TRIATHLON FOR THE FIRST TIME DURING A BUSINESS TRIP IN FRANCE IN 2013’

Amit says, “I was in Nice, France for a business trip in June 201. Before my meeting. I was strolling on a nearby beach and coincidentally, the Ironman Nice was going on and finish line was just there. At that time, I had no clue what Ironman was. Strolling around the finish line wideeyed, reading and asking people, I understood and was astounded by the distances involved in a full Ironman — 3.8km swim, 180km cycling and 42.2km run back-to-back. I spent the entire evening just absorbing the atmosphere in complete amazement and admiring the super-fit athletes finishing the race. Those were like ‘gods’ for me. But I could never dream of attempting anything like this. It was way beyond my imagination.

However, that got me into the Olympic distance (1,500m swim, 40 km bike and 10km run) triathlon and slowly into half Iron distance (1,900m swim, 90km bike and 21km run). Finally, having completed half Ironman in November 2014, the next step was a full Ironman. I was mentally and physically prepared for the same.”

‘NOT VERY KEEN ON ULTRAMAN YET’

Having decided to go for the full Ironman Triathlon, Amit hired an Ironman coach for structured training in February 2018. “I followed a rigorous diet and training plan for five months starting from February and was training six days a week, two to three hours on weekdays and four-eight hours on weekends. The normal training week consisted of at least two swims, two cycling rides and three runs per week, weekends being the longest. The volume and intensity grew till mid-June and tapered down post-mid-June,” he tells us.

Amit recalls the moment when he reached the finishing line and saw his family cheering for him. “There were hoards of people screaming and cheering at the finish line and also along the entire run route and many parts of the bike route. My family was there with friends at the finish line cheering, waving and shouting out my name. It was an incredible feeling of accomplishment after months of hard work,” he says.

So, is Ultraman next on his list? He says, “I am not very keen on Ultraman yet. I will most probably pursue my favourite sport — running. I will look at some good full marathons in the next year or two.”

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Michael Buble, wife expecting daughter

Singer Michael Buble has revealed that he and his wife are expecting a baby girl. “I got my first little girl coming in three weeks, and I’ve actually never said that before in public. I’ve got a daughter coming,” the singer said on The Ian Dempsey Breakfast Show.

The 42-year-old singer is married to actor Luisana Lopilato, 31. The couple already has two sons, Noah, four, and Elias, two.

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Kylie Jenner talks about baby Stormi’s personality

Kylie Jenner took to Twitter on Thursday to answer questions from fans. “Hi @KylieJenner, I just wanna know how Stormi’s doing,” one user wrote. Jenner, 20, retweeted the message, adding, “Changing almost every week now it seems like. She has the cutest personality.”

The new mother revealed in June that she wasn’t going to be posting photos of her daughter “right now”, but has since seemingly changed her tune. Last Sunday, she took to Snapchat to post multiple photos of her daughter – one of her lying in bed and another of them cuddling. On July 3, she also revealed her five-month-old daughter’s massive shoe collection, which included famous brands. “Stormi can finally fit into some of her sneakers,” Jenner said in a video, adding that Stormi’s dad, Travis Scott, “gave her a bunch of vintage shoes.”

Jenner welcomed Stormi with the rapper on February

1. Three days after the birth, she shared the news on Instagram.

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Kaley undergoes shoulder surgery days after wedding

Less than a week after Kaley Cuoco and Karl Cook tied the knot, the newlyweds found themselves not on the beach in Hawaii or Turks and Caicos, but recovering from Kaley’s shoulder surgery. The Big Bang Theory star revealed on Thursday that she underwent a procedure to correct an undisclosed medical issue, but was in great spirits as she joked the lovebirds were enjoying every minute of their “#shouldersurgeryhoneymoon”.

The actress took to social media with a selfie, which Karl snapped after her anaesthesia wore off, writing, “When your ‘honeymoon’ is shoulder surgery and your husband looks just as happy lol on the road to recovery — thank you for all the love and support! knowing @mrtankcook I’m sure he will be posting tons of hilarious gems.”

Be the first to comment - What do you think?  Posted by admin - July 7, 2018 at 8:43 pm

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Album: Soorma

REVIEWS
Album: Soorma

Genre: Bollywood

Shaad Ali’s Soorma, a biographical film based on the life of hockey player Sandeep Singh, stars actor-singer Diljit Dosanjh, Taapsee Pannu and Angad Bedi in pivotal roles. The album of five tracks created by the phenomenal combo of lyricist Gulzar and composers Shankar Mahadevan, Ehsaan Noorani and Loy Mendonsa, is undoubtedly one among the best this year. Each song has its own strengths, and are distinct — whether it is the rich lyrical content or the fresh soundcapes — and will urge music lovers to press replay.

Sukhwinder Singh and Sunidhi Chauhan own the first track, Good Man Di Laaltain. The fun bhangra number has a happy vibe to it and its foot-tapping beats will invariably make get up and your break into a jig. It is a pleasing amalgamation of EDM, drums and some traditional tabla taals — an unbeatable signature SEL. The singers do complete justice to all the musical nuances.

Soorma Anthem is a witness to Shankar’s prowess as a seasoned singer. Gulzar’s inspiring lyrics make this one a go-to track for everyone who has a fighter inside.

That Diljit is not just a talented actor but a good singer as well, is proved in the way he renders Ishq Di Baajiyaan. Right from the high-pitched beginning to the slow melodious mukhda, to the antara – this Sufiqawali is one of those romantic compositions that will steal your heart and stay with you for a long time. Shankar’s supporting vocals add to all the various layers this composition has, in terms of arrangements. The track debuts at the Mirchi Top 20 Charts this week.

Pardesia has a slow, mellow 90s vibe, with generous use of classical traditional instruments and an ensemble singer-cast including Shankar, Ehsaan, Hemant Brijwasi, Sahil and Shehnaz Akhtar.

The last song in the album, Flicker Singh, is the longest track at over six minutes. A motivational Punjabi number Flicker Singh with its hookline — sadda hockey da woh king, has fun beats, and a peppy ring to it.

In a world of remixes and OTT EDM, this is one album you should not miss.

 

Album: Nasir

Artist: Nas Genre: Rap

N as is undoubtedly one of the finest rappers alive, and one who has enriched the genre by introducing complex rhyme schemes, estqablishing new production techniques and forcing rappers to up their game when it came to talking about issues. His debut album Illmatic is unparalleled, and some would even divide the history of rap as pre-Nas and post-Nas. Since he has released 11 studio albums before this one may wonder if there’s anything he still has to say? If you listen to Nasir, you realise that until there will be injustice in society, rappers like Nasir will always have something to say.

The very first point the rapper makes, as always, is through album art. A black and white picture of little boys with their hands up holding semi-automatic weapons tells you what the politics in the album is about. And Nas does not hold anything back. The very first one, Not For Radio, talks about the historical mistreatment of African Americans and how they are still being undermined and denied justice. The depth of historical knowledge on it will definitely expand your view of slavery. The second track starts in the most unusual way— with a joke by the late Richard Pryor. Kanye West does need to be given credit for his top-notch production on the album. It seems like Kanye put all his creativity in making this album good instead of his own which also released earlier this month. Listeners will also be pleasantly surprised to find that RD Burman’s music has also been sampled on Bonjour, an absolutely delightful track that is sexually charged and is very high on style. Tony Williams singing on it is a stroke of genius. Big props to Kanye for introducing a brilliant array of sounds to the album. At 26 minutes, it’s a very small album, but the tracks on it are pure fire. Some of the best ones include White Label, Adam & Eve And Everything. The tight rhymes and Nas’ dangerously addictive flow are the strongest points, while Kanye singing on Everything is the weakest. One would not listen to a Nas album to hear Kanye West sing! While its length may give a case to complain, the content never does.

— Reza.Noorani@timesgroup.com

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Femina Miss India 2018

It’s been a stunning five years since fbb joined hands with Miss India to celebrate the women of India. Growing up, these girls nurtured the dream of becoming Miss India, preparing their winning speech and wearing a paper crown. And starting with the auditions held at fbb stores, they’ve got to live that moment in real life. Here’s celebrating the three winners of fbb Colors Femina Miss India 2018. They’ve waited for this feeling. Now, they get to celebrate it with fbb.

It’s been a stunning five years since fbb joined hands with Miss India to celebrate the women of India. Growing up, these girls nurtured the dream of becoming Miss India, preparing their winning speech and wearing a paper crown. And starting with the auditions held at fbb stores, they’ve got to live that moment in real life. Here’s celebrating the three winners of fbb Colors Femina Miss India 2018. They’ve waited for this feeling. Now, they get to celebrate it with fbb.

Be the first to comment - What do you think?  Posted by admin - at 8:32 pm

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