The document was handed over to me and I put my signature firmly under Vikas. After the time we had both signed on the marriage certificate, and the birth of our children, no other moment had filled me with as much joy – possession of our home document. Vikas being in finance and me in software meant work opportunities galore. It was probably a reason why my parents thought it was a match made in heaven. A stint abroad was a foregone conclusion; it stretched to nine years - first 2 years in Singapore and then 7 years in the US. We both earned well; paying rent for large condos was never a problem. And even after the kids came, we never quite planned to settle there for good and hence never bought a home anywhere.
The buy vs. rent debate is gaining momentum, especially with the younger generation or Millennials veering towards a preference for renting. A number of factors influence this traction, the foremost being a need for flexibility, be it in career or life, the need to having more disposable income in hand, and preference of diversifying risks and investments through various portfolios, to name a few. This is a complete contrast to the older generation, who believe in stability and with their very first job had started putting aside a certain amount towards buying a house and settling down.
Every game has a referee to ensure fair play. A regulator's job is similar to referee's i.e. not only to manage and normalize the situation but also to ensure that all the players play according to the rules. With Real Estate Regulation and Development Act 2016 (RERA), real estate got its referee. In effect from May 1, 2017, RERA has changed the whole dynamics of the real estate industry in India. With every passing day, the state is getting more active, the sector is getting more regulated, and the buyers are getting more confidence.
Barso re megha megha …..After a long and scorching summer, the first glimpse of dark clouds is enough to get anybody into a song and dance. The North Indian summer is particularly harsh with temperatures hitting the high 40s for extended periods of time. With the advent of rains, everything changes – the terrain transforms from brown to green, the cooler weather makes people calmer, the attire, the food…even the economy of the country changes.
Recently Economic Times got in touch with Mr J C Sharma, our VC & MD. In this lengthy interview, Mr Sharma informed shared how Sobha is ready for RERA and how it is approaching GST. Here are the edited excerpts from the interview.
The summers in NCR need no introduction; with temperatures hovering in the high 40s, one either heads for the hills or dips in the nearest pool to cool off. Kids need no extra push to high dive into the blues; they can spend hours frolicking around till they turn into prunes. It’s not exercise for them, yet the innumerable medical benefits on kids cannot be negated.
For us, Mr and Mrs Kataria (name changed), having our son Amit and his family come down from Minnesota for our 40th anniversary was special enough. Ever since Amit had got promoted to VP at Intel, 3 years ago, he had been so busy at work that they had not come down to visit. On the morning of our anniversary, Amit said they had a surprise gift planned for us and drove us down to Gurgaon. We were expecting a fancy lunch at a resort but were confused when we were taken to one of the upcoming luxury residential townships on the Dwarka Expressway and introduced to the sales manager of the project for a site visit. Is Amit investing into property here or is he planning to come back soon? Either way, we were happy for him.
In the last two years, India has witnessed a change. We saw India emerge as the fastest growing major economy in the world with a growth rate of 7.6% in 2015-16. The government has been pushing for reforms in every sector and the economy is responding well to that.
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