Exchange rates favor NRI investments in real estate

With the rupee-dollar exchange rate hitting an all-time low, the Indian diaspora is pumping in money through NRI deposits as the central bank has also liberalized the interest rates offered on these deposits earlier. For those who are planning to invest in real estate, the timing is just right to enter the market and derive maximum benefits.

Rupee value

The rupee has been depreciating since last August and has provided an opportunity for NRIs to increase the remittances for varied purposes. In fact, between January last year and now, the rupee has depreciated by 22 percent from Rs 44.67 to a dollar to Rs 54.51. The immediate beneficiaries are NRIs and persons of Indian origin (PIOs) earning in dollars or currencies linked to the US dollar.

Read more: The Times of India

Ireo Uptown, Sector 66, Gurgaon. For more information, contact the Ireo team

Property buying needs a long-term perspective: Ananta Singh Raghuvanshi

Property buying needs to be looked at with a long-term perspective in mind. Typically, an exit from the property investment after 4 years yields great returns, said Ananta Singh Raghuvanshi of DLF India Ltd. It is important for infrastructure development to keep pace with the swanky townships being planned in most cities, she added.

“If water supply, electricity, safety or security, law and order, road infrastructure etc are also progressive, we can only expect appreciation in the land value,” said Ananta Singh Raghuvanshi, Director – Sales and Marketing of DLF India Ltd. Answering over 40 queries, Ananta offered property advice to users on Gurutalk chat forum of MagicBricks.com on May 29. Prospective buyers posed queries ranging from investment potential in National Capital Region (NCR) and other emerging cities, charges to be aware of before investing in property, future potential in Ludhiana market, affordable project versus luxury project, among others.

Read more: The Times of India

Infrastructure

Haryana government to buy power from private firms

Under fire for plunging the Millennium City into darkness, the Haryana government on Monday said it would sign short-term purchase agreements to arrange for additional electricity of 250MW to bring down the demand-supply gap.

Shrugging off an in-principle ban on spot buying, the Haryana government has now decided to buy power on the open market in view of the current situation.

Read more: The Times of India

Haryana cuts water to city

South, southwest and New Delhi areas are likely to face water shortage for a couple of days as Haryana has curtailed the raw water supply to the capital. According to DJB spokesperson, the neighboring state has reduced water supply to the Haiderpur treatment plant resulting in shortage of nearly 15-20 million gallon.

The plant itself produces 210 million gallons per day but the reduction will lead to water shortage, Delhi Jal Board has said. DJB has begun dialogues with Haryana to sort out the issue and ensure that the city doesn’t face any more water crisis.

In the past, Delhi had accused Haryana of reducing raw water supply to the capital while Haryana had defended its steps, claiming it had adhered to the norms.

Read more: The Times of India

Economy

India to be 3rd biggest market for us in 15 years: Dunkin’ Donuts

Betting big on India over the long haul, US’ leading baked food and coffee chain Dunkin’ Donuts today said the country could become its third biggest market in the next decade and a half.

“In the next 15 years, when Dunkin’ Donuts opens the planned 500 stores in India, it is likely to be one of the top three markets for us globally both in terms of store count and revenues,” Dunkin’ Donuts CEO Nigel Travis told PTI. Elaborating reasons behind the confidence in the Indian market, he said: “It has the fastest growing middle class and people here prefer western brands like Dunkin’ Donuts.”

Read more: The Economic Times

IT Sector

High internet penetration leading to addiction in Gurgaon

Gurgaon, with 20.9% household internet penetration, scored better than IT hubs like Bangalore and Hyderabad in Census 2011. But high internet use is leading to increase in the number of internet addicts in the city. Addictions have always been associated with substance abuse that alters the chemical balance of the brain.

Recent research shows that one can even experience a high, from excessive use of the internet. Internet addicts experience a rush even when they boot their computers. Pradeep Rai (name changed to protect privacy) was studying for his post-graduate entrance examinations two years ago, when he developed an interest in medical technology. He’d browse the web for hours at a time, reading about the subject. Soon there came a point, where he could no longer account for the time that he spent online. While initially, he justified his internet usage as a passion for state of the art technology in his field, eventually he realized that he took away very little from these sessions. His web hobby was taking over both his personal and professional life. It was only after professional psychological help that he is once again able to lead a balanced life.

Read more: The Times of India

Education

AIIMS Jhajjar to have bigger OPD than Delhi

The upcoming campus of All India Institute of Medical Sciences (AIIMS) in Jhajjar will have a bigger outdoor patient department (OPD) than the one in Delhi. The foundation stone for OPD will be laid on Wednesday by the Union health minister, Ghulam Nabi Azad.

The fully air-conditioned facility will handle about 1,000 outdoor patients per day till the full-fledged AIIMS campus gets ready. The total estimated area of the OPD is about 4,500 square meters, where departments including general medicine, orthopedics, obstetrics and gynecology, pediatrics, ophthalmology, ENT, psychiatry, dermatology, dietetics, general surgery besides diagnostic facilities, immunization and laboratories would be set up. Once completed, the AIIMS-II campus would house National Cancer Institute, OPD complex, Centre for Geriatrics, 500-bed general hospital and a number of other specialty centers.

Read more: The Times of India

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