Deep Impressions

      Real Estate : A New Approach to Legislation     While Developers should definitely be made responsible for defaults but at the same time, one should also introspect why so many Developers are defaulting. Is there a systemic flaw ? - - - - - - - - - - - - - - - -  - - - - - - - -  - - - - - - - -     - - - - - - - -  - - - - - - - - - - - - - - - -  - - - - - - - -   A typical story of delayed real estate project comprises :   ·        Developer running away    from authorities ·        Banks filing insolvency proceedings in NCLT ·        Customers pressurising the Developer for possession.     But this is a unusual story of a developer in NCR who did exactly the opposite :   The Developer himself  ·        went to the authorities ·        f...

  2023 : A path breaking year for Redevelopment  Since its inception in the late 90s,  it has  been the incentives to Developers that drove the redevelopment story. Incentives have now reached their natural limit. Where does it go next in Mumbai? And will the redevelopment story move to other cities in India ?        -------  -------  -------  -------  -------  -------  -------    -------  -------  -------  -------  -------  -------  ------- In most industries, a year becomes path-breaking due to the activities that begin in that particular year. Real Estate is an industry with a lag and therefore a year would be path-breaking due to the activities that happened in the previous one or two years. Now, before you think that this blog on redevelopment is only about Mumbai, hold on.    2021 & 2022 saw big fillip being given to redevelopment in Mumbai thr...

  100 years of Salim Anarkali  : Love, Legend and Longevity There are certain faces that make certain stories legends. Besides other factors, adaptations and the reward system too play a key role in the process Also published in The Quint                - - - - - - - - - - - - - -          - - - - - - - - - - - - - -         - - - - - - - - - - - - - -  Yes. You are reading it correct, the story of Salim Anarkali is only 100 years old. The legendary story was penned by the eminent playwright Syed Imitiaz Ali Taj in 1922. And since then, this story has been experienced by audiences in multiple formats - Radio Play, Theatrical play, Silent film, B&W film, Colour film, Book and Broadway style musical.   As a legendary story, its uniqueness lies in it actually being just 100 years old. Most legendary stories that have survived the time are actually several centuries old ...

      The Survival of Bollywood….How & Why ?      The problems with Bollywood are far more structural than cost management. And survival of Hindi cinema and cinema halls is not for their employment potential, but for more strategic causes                     - - - - - - -    - - - - - - -   - - - - - - -   - - - - - - -    - - - - - - -   - - - - - - -    Lot of discussions have been around the disastrous numbers reflected in Box Office collection of Bollywood. Initially, it was believed that the Bollywood is under attack from South films. The state of Bollywood then was like that of the high cost American car manufacturers of 1970s when they, for the first time, felt competition from the cost-efficient Japanese cars and did not know how to react. But now with Telugu film industry also feeling the cost pressures, it is clear that the problems of Bollywood are not just...

   Co-op Housing Society….A game changing act  Also published in Times Realty Besides creation of housing for middle class, cooperative housing societies  have had a much bigger achievement. They have ensured a resilient and sustainable democratic framework for the nation.                                                     *           *           *          *           * It is AGM times for many Co-op Housing societies. The functioning of cooperative housing societies more often than not gets attention due to the disputes among the members. However, amidst this cacophony what gets lost is the big impact that the various Cooperative Housing Societies Acts (CHSA) and other regulations like the Apartment...