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India’s office space absorption at an all-time high of 43 million sq. ft in 2016

Commercial office market remains a bright spot for the real estate sector in the country. Steady rental growth, high absorption levels and global occupier interest continue to bring life into India’s commercial real estate sector. The year 2016 was a landmark year for the commercial real estate market in the country, witnessing record absorption levels of over 43 million sq. ft. and registering a growth of 9% on a year-on-year basis [...]

Below Poverty Line vs Universal Basic Income: Let’s move to enhance gross national happiness

In the year man landed on Moon, as a fresher in hostel, I witnessed staging of the play ‘Waiting for Godot’ in the annual function. It got enacted to an envious applause, and my childlike anticipation was duly redeemed. Come 65th financial year of my life, I am waiting with equal fascination for removal of poverty [...]

Flat owners can join hands for faster remedies

In an interesting judgement, the Supreme Court of India in Amrapali Sapphire Flat Buyers Welfare Association vs Amrapali Sapphire Developers Pvt Ltd (Civil Appeal No 10882/2016) has settled a crucial question of jurisdiction by approving that flat owners can join hands to directly approach the National Consumer Disputes Redressal Commission (NCDRC) against realtors without first approaching the State or the District Fora. To better understand the repercussions of this SC order, we have set out below the basics of jurisdictions in matters of this nature [...]

Govt’s ‘Power for All’ promise

Union finance minister Arun Jaitley made a commitment to provide the nation with round the clock electricity in his budgetary proposal for financial year 2017–18. He stated that India will achieve 100% village electrification by 1 May 2018, and also proposed an allocation of Rs.4,814 crore under the Deendayal Upadhyaya Gram Jyoti Yojana in 2017–18 [...]

Mining talent for future of mining

In the last week of December 2016, the Telangana state chapter of Institution of Engineers (India) organised a one-day seminar on need for suitable mining education for future of mining industry in India. The seminar raised real concerns with regard to availability of human resources for mining industry and the role education and training institutions should play in preparing human resources for this critical industry for future [...]

Chinese steel faces a hostile world

Steel production worldwide has increased, prices everywhere are stable and rather strong, iron ore prices have risen, coking coal prices have fallen and ocean freight has been at one of its lowest points. These are neither matters of any analytical significance nor are they developments to shape the long term future of the industry [...]