Indian Economy

[Azaad]

'1 in 3 homes sold in Mumbai comes from redevelopment but at what cost...': Expert's reality check on real estate

Redevelopment in Mumbai follows a simple pattern: "old buildings are demolished, and new, taller structures replace them"

www.businesstoday.in

Indian especially Mumbai Real Estate Sector operates in complete variance to market norms principally coz the money invested doesn't come from official channels viz banks & other financial institutions but is essentially unaccounted money mostly from politicians .

To add to the contents of the article , the annual maintenance charges of these apartments costs a bomb . You're looking at a bare minimum of 1,00,000 per annum & these would be for apartment blocks with the bare minimum of facilities or amenities .

As you climb up the value chain & these apartments come with a swimming pool to a gym to you name it , the charges goes up . I know of apartment blocks where the occupant pays as much as ~ 6 lakh per annum .

And that block isn't even in the toniest part of Mumbai nor are the amenities provided something out of the world. It's a damn racket.

 

[Nutcracker]

IT minister to TCS, Infosys, Wipro: Yes, you have been doing very well, time has come when we must ... - The Times of India

Union Minister Ashwini Vaishnaw urges major Indian tech firms TCS, Infosys, and Wipro to develop a mobile operating system for India. Emphasizing Indi

timesofindia.indiatimes.com

Union Information and Technology Minister Ashwini Vaishnaw has called on major Indian tech companies like TCS, Infosys, and Wipro to take on the challenge of developing a mobile operating system tailored for India.

 

[ezsasa]

Four Facts on Inclusive Growth in India

This paper analyzes data from recently released household expenditure data for 2022-23 and 2023-24. Data from these surveys indicate a substantial decline in po

papers.ssrn.com

Pretty great paper, India saw good improvement in inequality and poverty even without mind-blowing growth in last decades.

there are quite a few papers that have been written on various topics, which goes against marxist economist's narratives.

here's a presentation on some of them.


View: https://youtu.be/vflKoiO-P18

 

[vin pahadi (kumauni)]

- cost of the construction depends on the area, depending on the size of the plot it should cost 10-15k USD for these simple structures. govt gives 2-2.5 k USD subsidy to build their house. rest is subsidised loan.
- goal of this scheme is making sure those who used to live in huts/tiled houses(kacha) , giving them a RCC house(pucca)
- since these are RCC houses, they are no mould, earthquake and fire proof issues. if it was a flood prone area, their previous house wouldn't be standing, so we have to assume flooding is taken care of.
- modi govt has a policy of "saturation of services", so they will get cooking gas, electricity and water. rest of the utilities is upto the family.
- since the idea is to house the unhoused, they are checking if the beneficiary already has a RCC property or not. if the family wants to build more houses, they can do so with their own money and unsubsidized loan.

look at it from UN SDG goals perspective.

in villages....if government provide bamboo houses (like north east tribal make) to poor. that is still cost effective nd better solution than villager's mud houses etc.

bomboo houses with tin roof is good option. i see some tourist houses in uttarakhand. even in badrinath like harsh cold weather.

 

[ezsasa]

in villages....if government provide bamboo houses (like north east tribal make) to poor. that is still cost effective nd better solution than villager's mud houses etc.
View attachment 27142
bomboo houses with tin roof is good option. i see some tourist houses in uttarakhand. even in badrinath like harsh cold weather.
View attachment 27143
View attachment 27144

are these houses classified as kacha houses in local govt records?

 

[vin pahadi (kumauni)]

are these houses classified as kacha houses in local govt records?

sry...i dont know.

 

[eastern_bhartiya]

in villages....if government provide bamboo houses (like north east tribal make) to poor. that is still cost effective nd better solution than villager's mud houses etc.
View attachment 27142
bomboo houses with tin roof is good option. i see some tourist houses in uttarakhand. even in badrinath like harsh cold weather.
View attachment 27143
View attachment 27144

those bamboo houses looks like huge fire hazard, that too in remote villages in NE, plus they look suspectable to flooding, good for aesthetics but not practical in big numbers

 

[vin pahadi (kumauni)]

those bamboo houses looks like huge fire hazard, that too in remote villages in NE, plus they look suspectable to flooding, good for aesthetics but not practical in big numbers

if u see any north east travel videos...these home centre hv fire pit. but yeah they r prone to fire. but most time kitchen hv to seprate from main house.

not all places in india r flood zones. these r flood zone areas in india.

yeah...not good for big numbers in a place. but very useful for mountains nd less population plane areas. but definitely they r not aesthetics only. yeah but u hv to be careful to live. they r very good in earthquake zone as well.

 

[GaudaNaresh]

if u see any north east travel videos...these home centre hv fire pit. but yeah they r prone to fire. but most time kitchen hv to seprate from main house.
View attachment 27171
not all places in india r flood zones. these r flood zone areas in india.
View attachment 27172
yeah...not good for big numbers in a place. but very useful for mountains nd less population plane areas. but definitely they r not aesthetics only. yeah but u hv to be careful to live. they r very good in earthquake zone as well.
View attachment 27174

What India shouldnt forget amidst all this development, is the silent motherload of trade, water security and flood safety : river linkages & barrage projects.

One thing people don't know, is how insane USA is in in terms of ITS OWN river linkages and barrages, fyi.
I once personally met a few people who ae kayak enthusiasts and have spent a whole summer kayaking across entire north america. Yes. from pacific coast to atlantic coast through the US. How you ask ? how u kayak ur way across the rockies ? well u can - river linkages, canals and barrages galore. THATS how insane the USA is in its connectivity and water management.

We should turn Rajasthan into Hariyalisthan by taking water from Floodihar. Maybe India needs a 'make the Rann into a shallow sea and katch into an island again' campaign.

Imagine one day India getting to the point where a dude can kayak from Jammu to Kanyakumari if he got detailed maps and knew exactly where canals and river bypasses are and paid all the boat toll and bookings and whatever it is u need to do to move through lock-gates.

That is what a yankee can do if they wish to and have been able to do so for at least 50 years, fyi.

 

[vin pahadi (kumauni)]

What India shouldnt forget amidst all this development, is the silent motherload of trade, water security and flood safety : river linkages & barrage projects.

One thing people don't know, is how insane USA is in in terms of ITS OWN river linkages and barrages, fyi.
I once personally met a few people who ae kayak enthusiasts and have spent a whole summer kayaking across entire north america. Yes. from pacific coast to atlantic coast through the US. How you ask ? how u kayak ur way across the rockies ? well u can - river linkages, canals and barrages galore. THATS how insane the USA is in its connectivity and water management.

We should turn Rajasthan into Hariyalisthan by taking water from Floodihar. Maybe India needs a 'make the Rann into a shallow sea and katch into an island again' campaign.

Imagine one day India getting to the point where a dude can kayak from Jammu to Kanyakumari if he got detailed maps and knew exactly where canals and river bypasses are and paid all the boat toll and bookings and whatever it is u need to do to move through lock-gates.

That is what a yankee can do if they wish to and have been able to do so for at least 50 years, fyi.

we r working in river linkage programs....nd we join two rivers recently..ken nd betwa river in madhya pradesh. other river linkage programs r work in progress.

 

[GaudaNaresh]

we r working in river linkage programs....nd we join two rivers recently (forgot their name). its work in progress.

I know we are, but it is a project that doesnt get nearly enuogh attention/media scope, except when media wants to whine and oppose it by whining about some bullshit biodiversity issue and its by far the most expensive infra project India is building, as dams +canals cost a helluva lot more than actual bullet trains lol.
Its a project that is critical to India, will take at least 20-25 years and quite easy to forget given how expensive it is as well. The congoons will defo defund it the day it comes to power and without proper media and good public management from bjp/hinduvta peoples, this issue will never get 5% of the attention it deserves to get.

Indians are total GOBET as society when it comes to understanding HOW CRITICAL it is for a nation of big size to be able to move significant volumes of water around its own damn country to progress to modern world. We do not undestand as society, the ECONOMIC benefit of how being able to chuck ganga water into Kutch or somewhere deep in Karnatak basically means no more economic losses from flood+drought for the WHOLE DAMN NATION and the cost benefit of that is incalculable.

 

[TopWatcher]

we r working in river linkage programs....nd we join two rivers recently..ken nd betwa river in madhya pradesh. other river linkage programs r work in progress.

Rather we can create water pipe grid across country rivers.

 

[Anants]

River linking is going to be issue in future as many places are increasingly getting rain deficit overall inspite of more flash floods.

 

[londonparistokyo]

I think government is trying but there is or was a lot of opposition which slowed it down