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In Pandemic “Yeh Public Hai Yeh Sab Janti Hai”

4/28/2021 2:07:00 PM

Oxygen, Proper Hydration means Water, Healthy lifestyle & healthy food are trending aggressively these days. As a literate generation, we accumulated enough knowledge about body and soul before Pandemic but realize this profoundly now. 24x7 rushing for work,compromising with health, eat Junk food to save seconds to compete daily stuff and much more but why not Since childhood we are poured with competition from head to toe. From neighbours to relatives, we are compared with each other, so Ladies and Gentlemen don’t worry, it's not our fault I think we will have to start R & D to determine what is the root cause. Anyhow, let us not divert attention and just focus on immunity and health-related things. Newspapers, Radio, Tv Channels, and even almost every advertisement are talking about simple things immunity, proper hydration, exercise, good food, and of course vaccination is being seen as hope. It is seen nobody is talking about money in corona days to some extent. Politicians, Actors, Famous personalities, and the common man are being treated unbiasedly by monster corona and meanwhile, backbenchers and average school and college students are happy about the comeback of covid-19 although they don’t believe to express their happiness, viral messages, memes, and trending videos are not hidden from mobile users and social sites subscribers. On the other hand, the labour class, low-income group, small business, and even big ones are hit by the second wave it is like between the devil and the deep sea like circumstances in the pandemic. It is said, worse condition can be tackled only with attitude, means it is your attitude that can change the things positively. In Corona, the economy is jolted by the second wave where some are in between the devil and the deep sea like situation, some big personalities are busy in Twitter handle to only for emotional Tweets, begging with a loud voice, no donations and with Big Public Relation Team, somewhere, volunteers for their upcoming project promotions by giving stuff till their project profits. Another one working like helping hands in a worse situation. Free food Services, Free oxygen for needy and poor, Free Ambulance Services, oxygen langar, Services for covid victim’s body to Crematorium, Doctors, frontline Workers, army, Police, and many untold Anti Covid Heros are balancing the worse situation silently, they don’t have Public Relation services who will handle their brand value or name. One more thing is noticed “They are Silent, but Their Work is Loud”. In this condition “Yeh Jo Public Hai Yeah Sab Janti Hai” is fitted perfectly. In this time, we should help each other honestly, if we cannot, at least we can take care of ourselves from covid-19 so that others can be facilitated with medical services and other things which we would have if we were infected. Chandigarh

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Sophia Emotions, Technology and Japan virtual tour over less time frame

6/6/2021 4:26:00 PM

“Two minutes noodles” can understand better, how time is precious. As human is being busy, things have been transformed accordingly. Since sunrise to moon arrival, we try to make things easy so that time could be contained. We are not alone in life long drive, but we help each other to reach our destination. It is observed, the human being is curious since his birth and wants to know each and everything that is happening around. To save time, the news channels have started news hundred countdown, where you at least could grab entire news under “ho jao intelligent minto mai” idea. Subsequently, it also helps to sharp your rhyming couplet skill. “ho Jao intelligent minto mai” is one of among inspired rhyming couplet skill. Unlike news headlines, we got to know about our kid's adventures with explanation by our neighbors, as detail news after headlines, I agree with neighbors, some things should be presented in a terrible sprinkling manner. Neighbors are very good source of surveillance for kids as well as your entire family by their right “pair of binoculars”, their services are lifetime and absolute free. Even, without giving instructions, they look forward to provide their services. Apart from neighbors, whatsapp status, facebook and instagram post will let you know about their adventures. And in extreme cases hidden cameras will unfold their apocryphal tales made by them. There was a time where wives were spying on their beloved spouse by making frequent calls. Eavesdropping was also a trustworthy tool for them. It is sheer truth, Problems are the only source of Invention. Now vidio call helps your "Better Half" to be stressed out. But technology doing its work in an unbiased manner, and I hope a virtual reality and augmented reality will do justice equally. It is a very common thing in every element of technology, you can catch up on your target by sitting on well padded couch. In the previous year, some countries banned vedio calls over security reasons, however, later, govt had to permit VoIP apps with guidelines to be used. As a “ho jao intelligent minto mai” volunteer, instead of nicotine beverages, I believe to stir “Vita” powder in whole milk so that entire day I can do intelligent activities. Calling, pop out messages for clients, vedio calls and conferencing are among which we have to do frequently. And in Pandemic lockdown these digital tools proved that importance. Every person is always connected with their dreams emotionally. Where Sites visits for “ Dream Home” was done physically, it is done virtually now, It shows business intelligence. Although the final site visit has to be done by own over emotional perspective. Personally, I believe, all tasks should not be done digitally, for instance, home warming party is done by “Artificial Intelligence”. While written artificial intelligence, I remembered “Sophia” a social humanoid robot developed by Hong Kong-based company Hanson Robotics. Sophia was first turned on on February 14, 2016, and made her first public appearance at the South by Southwest Festival in mid-March 2016 in Austin, Texas, United States. Sophia is powered to display more than 50 facial expressions. Joy, grief, curiosity, confusion, contemplation, sorrow, frustration, among other feelings. The kind humanoid robot visited India for the first time in December 2017. She graced the stage at IIT- Bombay for about 20 minutes where it spoke about the growing intolerance in the world and advised the human race to be "kind" to fellow creatures. It is highly appreciable “Humanoid Robot” has emotions and her advise let me force to think we should express our emotions too with huge intelligence. As we Indians often give a sign of emotions once in a while. India is a culture enriched country. As a sign of respect, we reach down to touch the elder’s feet. “Namaste” is also the Indian form of greeting, to greet someone with a namaste, bring your hands together with palms touching in front of your chest gracefully. On the festival side, we ignite ghee lamp on “DIWALI” with gratitude and try to distribute self-made sweets instead of well-packed chocolates. However, to save our time, we cook “Two-minute noodles”, boiled or scrambled eggs, but in festivals, we believe to cook food by spending many hours to display mouth-watering traditional colorful culinary. In the technology era we love to click photos before eat and promptly post in various digital platforms to lure likes. And with in seconds inundated thumps up are on posted clicks. In some cases we call many to like post and sometimes we show anger to not give thumps up into post, vedio calls are often made too. During my “Virtual Japan Tour”, I preferred “Green Tea” not as a substitute for “Vita milk”. But, in order to feel a foreign tour in “Actual”. Green tea is undoubtedly the most popular tea in Japan. In my close inspection, I found, Japanese are quite shy and conservative as sort of Indians. Japanese greet each other by bowing. A deeper and longer bow indicates respect and while handshake, they practice to avoid eye contact as it is considered rude. It is good to exchange gifts with each other with both hands showing respect. One should be refuse a gift up to three times before finally accepting. On tour, meanwhile, some “Pop-Ups” made me laugh. I had to make sure, I tried to cover my mouth while laughing, as In Japan, covering mouth while laughing means not showing your exact reactions. Moreover, it helps to keep your emotions subtle and shy. This is also considered graceful for ladies in Japan. I will have to make sure, during my next virtual tour, I need to sit on an acupressure active chair instead of a well padded couch for not forgetting, I am not to “Actual” but to “Virtual tour". INDIA

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Adventure of Tenants Around Planet

7/12/2021 4:53:00 PM

Animatedly grin while unlocking a new door, a new normal phase is about to begin, seems happiness is standing outside specially to welcome just next to the main door as despondency has been thrown before the ride to the arrived destination, history is witness, often, fresher’s have always been special at that moment. The “Warrior” named tenant has rented house cleaned, inculcating, tranquility will be maintained. Unfortunately, some dreams never to be a reality, agree, some obstacles can be less if landowner residing somewhere, but in the month-end these uninvited guest has to appear in your door accompanying do’s and don’t, Meanwhile, other tenants are trying to please uninvited guest to persuade their demands by throwing surprises, But they don’t know these people are not ready to give even concession on rent during corona lockdown period, rather they don’t want to know about “wave-off”, inhumanity, but this is the ground reality about landowners, agree exception could be somewhere but not all lucky to have them. Landlord inhumanity stories have been broadcasting on TV screens since covid-19 lockdown, it is the consequence of supposing rental property is their own. Relationships, that had been flourished before corona, seems were breaking in a pandemic. Bhabhi ji and bhaiya ji are prevailing among others. Culinary exchange ritual, prevailed as a love token, suddenly had been stopped, looking at prospective rental issues nor for corona spread, reflects the split personality of a human being. Tenant aka “warrior” wondered about a situation, irrespective of huge housing hunt and R&D, they invented this suitable one and now, corona became successful to make things worse by breaking their relationship with their matched ones. somewhere, was being seen this situation over astrology perspective. Both Paying guests and tenant seem riders of the same destination, on close inspection we found paying guests are tolerant more than a tenant. They have to share the same space with two and somewhere three. Paying guests have to share a kitchen and even a washroom. The bathing pioneer is seen as a warrior. Since their hunt is started by morning and continue till night napping as they fail to get sound sleep due to roommates whispering. Here, smartphones became a weapon to create clutter around the accommodation. Their domestic fights pop out as Line of Control issues and suddenly that issues become successful to bloom political parties in the same constituency. This means you cannot become contemporary “Arjun”, the divine soul popular for his focus. Calling it hell on earth will not go wrong and who they experienced it, will agree with solidarity. Unlike housing hunt and R&D they comfortable to shift frequently, and end up with their bad stars. Spending life as a tenant is going to be adventures, you have to meet with different issues on a daily basis and sudden rent hike is work like catalyst into it. While coming home from professional chores aunty ji always grabbed, irrespective of tread on toes, “Many are prowling around, and asked me about rent, so much demand”. Remaining talk always on phone, “use water under urgency”. It is the place where maintenance is never ended, deep down, retorting is prohibited on apocryphal tales. Day begins with grabbing wire for drying cloth under the sun to car parking tug, competitions are flourished since sunrise. In extreme cases, the alarm is put down before buzz. If you believe in revital benefits, you should definitely take it, to be active in the whole day. Tolerance, Cold War, and hypocrisy are prevalent tools to be a long-lasting tenant. Living being tenant, life seems untold. In fact, life cannot be dragged, rather to live in our terms. By the September month, festivals are about to begin and enthusiasm is on the peak. In most of the cases, Festivals are inexpressive for tenants. Often, “Apna Ghar” is remembered in festival vibes. Having boundaries, preparations are often rather shallow, and incomplete emotions ruin the celebration to some extent. The Audience is often enjoyed the adventures of stars but fiercely leaps to the next channel on television while feeling irritated. Many banks and National Housing Banks are offering lucrative interest rates towards housing loans and Govt. “Housing For All” component would make the dream home true. CHANDIGARH


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Indian real estate sector to add $800 billion by 2030

7/27/2021 12:05:00 PM

Emphasising the importance of real estate in India’s economy, he pointed out that the sector creates demand for around 270 industries, including cement and steel. India’s real estate sector, which is a $200-billion market, is gradually coming out of the disruptions caused by the Covid-19 pandemic and is on the path to become a $1 trillion industry by 2030, said ministry of housing and urban affairs (MoHUA) secretary, DS Mishra. “The sector is around $200 billion at present, and projections are that it will hit $1 trillion by 2030. In fact, the sector provided employment to 5.5 crore people in 2019, and is expected to provide jobs to 7 crore people in the coming years,” he said at an event organised by industry association, CII. The growth story of real estate is intact, despite the country facing the onslaught of the pandemic, Mishra said, adding that an estimated 88 crore people will be living in urban areas by 2051 as against the current 46 crore, thereby creating huge demand for houses, road, electricity and other infrastructure services. Emphasising the importance of real estate in India’s economy, he pointed out that the sector creates demand for around 270 industries, including cement and steel. The recently introduced Model Tenancy Act would make rent laws more equitable and help unlocking a large number of housing units which could be leased out. Mishra clarified that the law is prospective and would not affect existing rental agreements. K Raheja Group president, Neel Raheja said that despite challenges the sector is on the growth trajectory and new opportunities are emerging from sub-sectors like warehousing, data centres and logistics. He expressed confidence that the industry will reach a size $500 billion within next 3-4 years. Seeking support for the industry, Raheja highlighted the issue of high risk weightage given by RBI to real estate industry which becomes a deterrent in raising affordable finance. There are restrictions on InvITs and REITs financing, land financing, foreign portfolio and ECBs which needs to be looked into to enable the real estate industry to tap-in low cost finance for housing sector. Source: Financial Express India

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REITs and InvITs raise $9.7 billion in India: EY

7/28/2021 10:47:00 PM

InvITs are expected to play a key role in the monetisation of existing projects in some sectors namely roads and highways, conventional power, renewable energy, airports, railways, and digital infrastructure. Real estate investment trusts (REITs) and Infrastructure investment trusts (InvITs) have raised a capital of over $9.7 billion in India, a report by EY titled REITs and InvITs – financing urbanisation and infrastructure in India has said. With favourable government policies and a long-term investment outlook, many marquee investors including sovereign and pension funds are continuing to invest in such vehicles. Investors are benefiting from receiving regular cash distributions, stable yield and provides the opportunity for sponsor(s) to expand their asset base, it said. The National Infrastructure Pipeline announced by the government has estimated a funding requirement of over $1.4 trillion by 2025. The early trends of performance of REITs/InvITs in India are encouraging with the combined market cap of the three listed REITs in India currently at over $7 billion and over $10 billion for InvITs. REITs and InvITs can be used to attract private investments in the infrastructure and real estate sectors by mitigating challenges such as funding requirement, more long term capital, optimal leverage, limited exit options and corporate governance issues. According to the report, InvITs are expected to play a key role in the monetisation of existing projects in some sectors namely roads and highways, conventional power, renewable energy, airports, railways, and digital infrastructure. This is against the backdrop of conducive regulatory frameworks and cash flow profiles with taxation advantages for such vehicles. For REITs, despite the near to medium term headwinds from COVID-19, the long-term drivers for real estate demand are strong and likely to withstand adversities in the sector. “InvITS and REITs will play a significant role in funding the government’s infrastructure plans as well as assist in meeting its asset monetization plans and at the same time enable deleveraging existing balance sheets which would in turn help meet the capitalization requirements of banks,” said Gaurav Karnik, partner and National Leader – Real Estate, EY India. REITs/InvITs are primarily governed by the SEBI Infrastructure Investment Trusts Regulations, 2014 and SEBI Real Estate Investment Trusts Regulations, 2014 and various circulars issued under these regulations. While InvITs can be public listed, private listed or private unlisted, REITs are required to be publicly listed. Under SEBI regulations, three years of audited combined financial information under IndAS need to be presented. Some of the practical challenges that arise include availability of financial information, different auditors of the investment trust and those of SPVs before acquisition, GAAP conversion from Indian GAAP to Ind AS and the need to have uniform accounting policies. In addition, there are other complex areas related to asset acquisition or business combination, classification of unit capital and appropriate accounting for distributions. “Accounting for REIT/InvITs can be complex with multiple legal entities being involved and the interplay of various regulations. Having the relevant structure in place early and evaluating the relevant tax, accounting and other implications would allow sponsor(s) to make the most of this increasingly popular route to funding,” said Sandip Khetan, Partner and National Leader, Financial Accounting Advisory Services (FAAS), EY India. REITs and InvITs are pass-through vehicles under Income tax and hence distributions made by the investment trusts are taxed directly in the hands of investors depending on the nature of such distributions i.e. dividend, interest or capital repayment. There is a beneficial tax regime for dividends received from REITs/ InvITs subject to certain conditions. Source: Money INDIA

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Future of real estate will be pinned on 3Rs – Relief, Restructure and Resilience

7/29/2021 12:40:00 PM

Broadly based on themes of the 3Rs, it is high time that the industry and the governing agencies work together for the betterment of real estate as well as the economy. The Indian real estate constitutes around ~ 8% of the national GDP. In 2017, the housing market alone was estimated at $180 billion and is expected to reach $650 billion by 2025. In another 5 years, the industry will reach $1 trillion. The importance of the industry is further outlined by the fact that a large workforce (roughly sized ~ 40 million) is directly or indirectly dependent on the sector and around 250 ancillary industries are linked to it. Amid an enormous and wide-reaching role that the industry plays, it is natural that strains in Indian real estate will have a cascading effect on the economy, which is already floundering in the face of the 2nd lockdown. The Indian real estate is both stressed and strained at the moment. While piles of unsold inventories over the years have affected the morale of many developers, the whiplash from the lockdown has created a momentary halt in sales. Although the silver lining in the current circumstances lies in the fact that cases have plunged in most of India and economic revival should follow soon. Rating agencies are bullish on the prospect of India in FY 22, despite a softening stand on the economic growth. Meanwhile, the government and industry bodies must work in tandem and chalk out a sustainable plan. Broadly based on themes of the 3Rs – Relief, Restructure, and Resilience — a term originally coined by the World Bank, it is high time that the industry and the governing agencies work together for the betterment of real estate as well as the economy. Relief to the Industry A relief plan should be formulated for the industry, which should not just have policy impetus but also windows for loan restructuring in stressed and stuck projects. By lowering bad debts, not only breathing space will be given to developers but also financial institutions will be unburdened. GOI should also look for direct policy support such as stamp duty reduction and levy in income tax returns to accelerate sales. The industry has seen how stamp duty cuts in certain states such as Maharashtra and Karnataka have resulted in a jump in sales last year. Similar direct incentives can be a real game-changer. Meanwhile, the industry should take care of their employees, vendors and offer them financial safety. Another important step would be to take initiative and offer vaccine packages to employees. At 360 Realtors, we have taken such steps in a few of our offices. Nothing can be prudent than to be careful of employees’ health, amid a medical crisis of this magnitude. Restructure the Value Chain In the middle to long run, it is essential to restructure the industry value chain with the help of technologies. After remaining demure for the past few years, the Indian real estate started embracing the online medium last year, as the pandemic in its first instalment has driven wider behavioral changes. Now the time has come to move to the next level. The government and industry body should work jointly to not just develop technological innovation but also to scale them fast. Through subsidies, discounts, and other policy incentives, the latest technologies should be developed and deployed – both in construction management as well as transaction cycles. This will help in cohesive backward and forward integration, strengthen unit economics, shorter construction cycles, and optimize the overall operational flow. Likewise, academic institutions should also be roped into Research & Development (R&D). Besides, the industry needs to relook at its product strategy and understand transformations in consumer preferences. Demands are expected to pick up in product categories such as rental homes, plotted developments, affordable units, co-living spaces, and second homes. Industry players should fine-tune their strategy based on emerging product categories. The government should also support these efforts through policies. Finally, Resilience will be the Winning Mantra While relief measures will give breathing space and restructuring will help in adjusting to the new normal, the victory saga will be pinned mainly on one thing – how much resilience do we show in the face of the current crisis. Despite the pandemic-induced fatigue, we have to stay ahead in our game and work with a mindset of continuous evolution. There is no dearth of housing demand in the country. Favorable socio-economic conditions, a young demographic, an unprecedented rate of urbanization & infrastructure enhancement, and the overall rise in household income will help the industry to move on an upward trajectory. However, to tap into the market, we would require extra efforts at all levels – government, organization, and individual. Aggressive sales & marketing planning without incurring incremental costs is the need of the hour. New business strategies have to be deployed that can push the run rate but simultaneously contain CAPEX & OPEX. In this regard, franchises are a good option as they offer a profitable platform for the optimal sharing of resources. Both the parent and franchises can enter new market segments and earn more profits without overheads. Source: Financial Express INDIA

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