Articles

 

BUY LAND, THEY DON’T MAKE IT ANYMORE!!

When Mark twain said so, he couldn’t have been more ‘spot-on’ about the investment opportunities in India, today, and more specifically, about India’s biggest real estate opportunity, the Delhi Master plan MPD 2021. Read More…

 

COUNTRY HOMES IN DELHI – THE MULTIPLE OF ‘X’ 

The First weekend of August 2012 beset a tizzy of activity in the Farm House & country homes segment in Delhi, with every newspaper, with or without valid knowledge, publishing news that the farm house policy of Delhi has been approved by the Lieutenant Governor, Delhi, and sent to the Urban development ministry,  Read More…

 

LAND ACQUISITION & URBANIZATION – How 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”. Read More….

 

Article published in GIREM Magazine

 

 

BUY LAND! THEY DONT MAKE IT ANYMORE !!! – reason & advantages

Mark Twain very famously remarked once – “Buy land, they are not making it anymore.”
Personally, I feel, never has any real estate investments been better advised than above. When I returned from the USA in 2004, and I huddled with my friend Ramesh Menon to identify the areas where we could invest our hard earned money. The brief was clearly to focus on three factors, on which to scale the investment strategy.  Read More….

 

Delhi to the power of FIVE – The mega cities saga unfolding

In a casual dinner evening with a few ‘intellectual type’ friends, I popped the question of ethnic branding for modern habitation hubs. I didn’t realize that the cat was being let amongst the pigeons. Everybody latched on and debated – surprising, most were pro-ethnic branding. Names like ‘creek wood ridge’, ‘Ridgewood creek’, and ‘wood creek ridge’ (pun intended) were rejected outright.  Read More…

 

Delhi Master Plan- The Lal dora Opportunity

One of the most exciting opportunities of investment under the MPD 2021 is arising in the Extended Lal Dora areas of Kanjhawla, under ZONE “N” of the Delhi master plan 2021.This is the most organized Lal Dora land, under pre defined plotted developments, in both Residential & Industrial zoning & usage. There is clear cut connectivity, today and the future, with highways, roads, Metro & Mono rail projects. Read More….

 

DO HOME-BUYERS ACTUALLY LEVERAGE THEIR COLLECTIVE BUYING ABILITY?

Let me make this outrageous statement at the beginning of this post – “Most…… (Please note that I am not generalizing) Most consumers or retail investors in the residential realty segment don’t have an idea on what they look for, what they are bargaining for and what exactly to expect. They pretend to be experts with their source of knowledge or expertise being another one of them”.  Read More…

 

THE SEVEN Ps OF INVESTMENT SELECTION

The past four years of my experience in the real estate sector have been fairly eventful. We have been privy to three sales cycles in the project marketing. I call these the “realization cycle of the components”.

Let us have a look at all the three stages that we have seen in the past few years.  Read More…

 

CREATING WEALTH IN REAL ESTATE (INDIA)– THE CERTES APPROACH

Sam Joseph, the CEO of a large MNC organization in Gurgaon, on his return from the USA, was introduced to me, at a social function. When we exchanged cards, the inevitable topic of Realty Investments came up. As is wont to happen with most of us from the corporate backgrounds, “pretentious ignorance” took over, and the discussion veered over to oblivion.  Read More…

 

THE AGENT YOU DESIRE IS THE AGENT YOU DESERVE!

Ramesh Menon, the head of business development of Certes Realty Limited has a small plaque on his table which reads as “The agent you desire is the agent you deserve!”

Have you noticed on how fast the landscape around us is changing? Haven’t we at various points in time insisted on a particular sales person assist us while shopping; from Groceries to Cars. When it comes to the decision of the lifetime to invest our hard earned money, will anybody do?   Read More…

 

Real Estate regulator in India – A Perspective

I entered the realty industry on a promise, in 2005. As someone with a prolonged stint in the corporate world, I was always impressed with the numbers, esp. the size of the market, the employment & innovation opportunities, the healthy growth rate, the pent-up demand and the investment opportunities.  Read More…

 

“Never mind. Suffer for some more time” – says Supreme court

By Ruchika Bhardwaj

The title of this article is not supposed to scare, but to point out the objectivity with which the highest courts are tackling the many relevant, as well as frivolous cases filed in the Supreme court, related to the Delhi Master Plan MPD 2021.

During last week, a three Judge bench of Justice B Sudershan Reddy, P Sathasivam & G S Singhvi declined to have an early hearing to many a petitions and applications moved before it on the properties which were sealed OR related to unauthorized constructions in Delhi. The Apex court reasoned that the principal issue which they would consider first is the challenge to the validity of the Delhi master plan 2021. It also gave heed to the more than 400 odd applications which are in some way connected with the principal issue of the validity of MPD 2021. Several NGOs and vested interest parties had challenged the validity of the MPD 2021 on grounds that many of the decisions taken under the draft master plan 2021 would lead to chaos in the capital as it is already reeling under shortages of power, water, civic infrastructure, motorable roads etc.

 While some counsel were pushing & pleading that the Apex court take up individual applications relating to sealing, at an earlier date than September 2009, the bench issued a cryptic rejoinder – “Never mind, suffer for some more time. It is just a question of a few days more”. Very rightly so. It  has decided to address the core issue of the validity of the MPD 2021, rather than the individual applications.

 One would recall that the court had said last year that the relief sought by many applicants claiming relief under the latest amendments to the master plan, as well as the various regularization of unauthorized colonies would be subject to the outcome of the matter already under the courts’ scrutiny. Moreover, a high powered committee assisting the courts in assessing the feasibility of de-congesting the city had expressed reservations on the rapidly growing population without a corresponding development of infrastructure.

Senior counsel Ranjit Kumar pointed out during the hearing last week that since most of the arguments & pleadings have been concluded, the court can fix the matter for final hearing.

 We are likely to hear more about this around the 15th of September’ 09. Like they say – “Inshallah, let brevity be injected so that we decisively move forward, rather than sway sideways”.

  

Delhi Master Plan 2021 – NOTIFICATION – How soon?

During the first four months of the current calendar year, a few questions were oft repeated during most of the meetings & seminars that we attended. Most of them obviously had a reference to the revival of the realty sector, and the promises, unfulfilled and yet to be made, by the scrupulous as the not so well meaning.  Read More….

 

N zone of MPD 2021 on the move – Article

From our field officer

Many a things about the Delhi master plan, and the pace at which it is evolving goes unnoticed. In the past week or so, there have been affirmative reports about fast paced developments, on the policy notification, of the MPD 2021.

For those who haven’t travelled on the NH-10 for some time, this is the time to actually go towards Bahadurgarh, from the Peera Garhi chowk, ad take a rain check. As you hit Mundka, from nowhere, a humongous development of the Delhi Metro (DMRC) is visible. We are given to understand that this might be a big MRO centre for the Metro, and that progressively, more than 5000 resources would be working out of the Mundka centre.  Read More….

 

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