ARDutta's blog

All you needed to know about buying a home in India after Budget 2011. Home buyers will not find this an unfavourable budget. The Finance Minister's budget 2011 presentation has predicted of a 9% growth for the economy next year. This puts the growth trajectory back on track after the slowdown even as many large economies grapple with the aftermath of the 2008 crisis.

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Despite significant risks remarkable investment opportunities remain driven by unlisted property funds and companies, which added around millions to the market and by private individuals.

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Spanish Property Sector: Real estate stocks were down in Spain last month and it has affected property markets worldwide. Some believe that Spain's decade old construction boom is finally over. There are some obvious spots that will face the reality soon..

Property costs has risen in cities such as Mumbai, Bangalore and New Delhi over the past two years and even the richest NRI find themselves struggling to invest.

In some areas of Mumbai, property prices are equalling London/New York levels, although middle class salaries are rising fast with wage costs at top private companies, incomes remain a tiny fraction of those in the UK or US.

India, even after 61 years of Independence is still grappling with unmet basic housing needs of millions. This despite being the world's largest democracy with a truly remarkable Constitution. Many are still living in sub-human conditions on pavements, in squatter settlements, bastis, jhuggies or unauthorized slums and are under constant threat of being evicted. Though we have placed great emphasis on guaranteeing housing rights as part of our larger goal to achieve social and economic equality, implementation is far from political rhetoric.