INFRA

Bitcoin and other crypto-currencies have been in the news a lot if recent times, often for the wrong reasons but also because of the massive appreciation Bitcoin has been clocking up. To top it off, real estate has now been dragged into the bitcoin controversy, with a handful of projects in some parts of the US and Dubai actually inviting investments via the Bitcoin route. With the ongoing slump in sales, is it possible that developers in India will offer such an option to prospective buyers as well? Let us take a closer look at this.

That which does not kill us, makes us stronger" - Friedrich Nietzsche

Over the past one year, demonetization has been a buzzword across all Indian industries, but much more so in real estate. The radical move of banning high-value currency notes, seen as the Government’s surgical strike on black money, has become a landmark event in the history of the Indian economy. Looking back on Year 1 AD (After Demonetization), it is plain to see that it has brought significant disruptions into the overall economy – and particularly the real estate sector.

Noida: Commuters will soon be able to transit through around 30 km long elevated metro corridor between twin cities of Noida and Greater Noida over a period of next six months as the DMRC (Delhi metro rail corporation) is near about completion of the project. It erected the last girder on Tuesday in Sector-143 in Noida to mark the completion of civil work.   

AlokTondan, Managing Director of Noida Metro Rail Corporation (NMRC), said, “The civil work is completed and now are in process of starting the trial on the corridor from January next year.”

The real estate market of Gurugram - previously called Gurgaon - is primarily known for its glitzy office buildings and luxury housing projects which accommodate the C Suite and upper management category buyers who work in these buildings. A fact that is not so often talked about is that Gurugram, like any other modern city, depends on the services of blue collar and even EWS category citizens to stay viable. Unfortunately, Gurugram's performance in terms of providing housing which is affordable to such people has been less than stellar in the past.

Noida: Almost over a decade after the concept of Transport Nagar was tabled during one of the board meeting and was given go green single, Noida officials are now considering bringing out an allotment scheme for transporters and bus operators in the city.

AlokTandon, Chief Executive Officer cum Chairman of Noida, last week assured joint association of transporters and bus operators that his officers will work out to bring out a new scheme for allotments of developed plots to eligible applicants through draw of lots. He sought time of two weeks for finalizing the scheme after which it will be launched.