INFRA

Affordable housing is not just about providing homes to the lower-income strata of society, though that is what the Modi government's avowed intention behind the 'Housing for All by 2022' doubtlessly is. Affordable housing creation also has a direct and favourable correlation with the nation's economy, as well as most other real estate segments. Housing for lower-income wage earners increases the economic strength of any city or region, as it attracts inward migration which creates a bigger manpower pool.

With job losses looming large for those employed in the IT industry, demand for residential realty across Indian IT hubs of Bangalore, Hyderabad, Pune, as also Navi Mumbai in Mumbai and Noida in NCR could be impacted. Among cities, Bangalore and Pune both rely heavily on IT companies for not only job creation but also to drive office and residential real estate demand. Resultantly, these real estate markets face the maximum risk from an IT meltdown.

Real estate development remains a highly lucrative business line, which is why most builders retain skin in the game even in the face of strong market headwinds. However, real estate development also remains a highly capital intensive business, and among the many new market truths that RERA has brought to the fore, the fact that only well-capitalized players will endure going forward stands out.

Anil Madhav Dave was a perfect gentleman and an erudite politician. We were elected to the Rajya Sabha from Madhya Pradesh together in 2009. We shared a bench in the House and I got to know him well. He was deeply committed to the conservation of River Narmada and ran an efficient NGO called Narmada Samagra. 

0Few people know he could fly a plane and undertook a survey in a two-seater aircraft from the source of the Narmada at Amarkantak to its estuary on the Arabian Sea.

New Delhi: Reema Lagoo, veteran actor of film and TV, known for playing moms to big stars like Salman Khan and Shah Rukh Khan, has died at 59 of a cardiac arrest. She was these days playing the lead-negative character in teleshow Naamkaran to rave reviews.
Quoting a family source, agency reports said that the actor died early Thursday. She was 59.The actor had been admitted to the Kokilaben Hospital in Mumbai shortly after midnight. She had complained of chest pain.