Covid-19 will 'derail' growth momentum of affordable housing in 2020: Report

By Our Representative
The coronavirus crisis and the ongoing lockdown in India is likely to severely affect the country's affordable housing sector, according to a report by Anarock Property Consultants. It notes that around 6.1 lakh affordable housing units were under construction across seven major cities when the 21-day nationwide lockdown was announced (on March 24 midnight), which are now stalled.
"The COVID-19 pandemic is all set to derail the growth momentum of affordable housing in 2020. This will be one of the worst-affected segments. As many as 6.1 lakh affordable units were under construction across top 7 cities when the lockdown was announced. This is over 39 per cent of the total 15.62 lakh under-construction units in the top 7 cities -- the highest share of all budget categories," the report says.
It states that while the overall unsold housing inventory is likely to shrink by 1-3 per cent in 2020, the unsold affordable stock may actually increase by 1-2 per cent during this period.
This is in sharp contrast to the trend in the past few years when the demand for the affordable housing units has been higher than the higher-end properties.

Comments

India’s climate tech ecosystem in dire need of both early, growth-stage funding: Report

By Our Representative India’s climate tech ecosystem, which boasts over 800 startups, is in dire need of both early and growth-stage funding to leverage its full potential, according to a report by Indian Institute of Management-Ahmedabad (Ventures) and MUFG Bank , Japan. Despite a robust initial funding landscape, with approximately two-thirds of climate tech startups receiving seed capital, growth-stage investments remain critically lacking.

'Flawed' argument: Gandhi had minimal role, naval mutinies alone led to Independence

Counterview Desk Reacting to a Counterview story , "Rewiring history? Bose, not Gandhi, was real Father of Nation: British PM Attlee 'cited'" (January 26, 2016), an avid reader has forwarded reaction in the form of a link , which carries the article "Did Atlee say Gandhi had minimal role in Independence? #FactCheck", published in the site satyagrahis.in. The satyagraha.in article seeks to debunk the view, reported in the Counterview story, taken by retired army officer GD Bakshi in his book, “Bose: An Indian Samurai”, which claims that Gandhiji had a minimal role to play in India's freedom struggle, and that it was Netaji who played the crucial role. We reproduce the satyagraha.in article here. Text: Nowadays it is said by many MK Gandhi critics that Clement Atlee made a statement in which he said Gandhi has ‘minimal’ role in India's independence and gave credit to naval mutinies and with this statement, they concluded the whole freedom struggle.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah* The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual.

UNEP report on how climate crisis is impacting displacement, global conflicts, declining health

By Shankar Sharma* A recent report by the United Nations Environment Programme (UNEP), titled "A Global Foresight Report on Planetary Health and Human Wellbeing," warrants urgent attention from our country’s developmental perspective. The findings, detailed in the report, should be a source of significant concern not only globally but especially for our nation, which has a vast population and limited natural resources.

Industries fueling climate crisis draining public funds in Global South: ActionAid

By Our Representative A new ActionAid report has exposed the alarming financial drain on the Global South, as climate-wrecking industries like fossil fuels and industrial agriculture receive over US$600 billion annually in public subsidies. The report, "How the Finance Flows: Corporate Capture of Public Finance Fuelling the Climate Crisis in the Global South", reveals that an average of US$677 billion in public finance is directed toward climate-destructive sectors each year, depriving crucial social sectors such as education.

75 years of revolution: How China moved away from ideals of struggle for human liberation

By Harsh Thakor* On October 1st, we celebrate the 75th anniversary of the Chinese Revolution, a pivotal moment in the struggle for human liberation. From 1949 to 1976, China achieved remarkable social equality and revolutionary democracy, outpacing other developing nations in literacy, health care, agricultural output, and industrial production.

Will Bangladesh go Egypt way, where military ruler is in power for a decade?

By Vijay Prashad* The day after former Bangladeshi Prime Minister Sheikh Hasina left Dhaka, I was on the phone with a friend who had spent some time on the streets that day. He told me about the atmosphere in Dhaka, how people with little previous political experience had joined in the large protests alongside the students—who seemed to be leading the agitation. I asked him about the political infrastructure of the students and about their political orientation. He said that the protests seemed well-organized and that the students had escalated their demands from an end to certain quotas for government jobs to an end to the government of Sheikh Hasina. Even hours before she left the country, it did not seem that this would be the outcome.

Overcoming extreme backwardness 75 yrs ago, China has 'risen to 2nd largest economy of the world'

By Bhabani Shankar Nayak* On October 1, 1949, the revolutionary people of China established the People’s Republic of China (PRC) under the leadership of the Communist Party of China (CPC) by defeating Western imperialism, Japanese colonialism, and Chinese feudal warlords who unleashed a ‘white terror’ on Chinese people, communists and revolutionaries.

Search This Blog