General Trading Chat

This is what is bad about the "mistakes" committed by the authorities.

https://www.thequint.com/news/india...velkhana-startup-with-rupees-zero#gs.M7NYIXjc

‘Angel Tax’ Wipes Out Bank Account, Leaves Top Start-Up With Rs 0

How to trust those in high positions ??

I have a problem these days with my debit card. It works ok online, in card swipe machines, but not in ATMs !!! The ATM software has been upgraded recently across all the banks and now this RuPay debit card doesn't work, can't withdraw cash from it, can use it for bill payment only.

Thank God I have another debit card (VISA) from another bank, but still, this is not the first time a debit card accident is happening with me.
 

siddhant4u

Well-Unknown Member
https://www.business-standard.com/a...ed-towards-risks-reserves-119021000109_1.html

The finance ministry has sought from the Reserve Bank of India (RBI) Rs 27,380 crore that was withheld by the central bank towards risks and reserves in the previous years, said sources.
The RBI had retained Rs 13,190 crore towards risks and reserves during 2016-17. It increased to Rs 14,190 crore in 2017-18. Together, retained amount is Rs 27,380 crore.

The ministry has requested the RBI to provide an interim surplus for the current fiscal on the analogy of the previous financial year and transfer the amount withheld from the surplus of 2016-17 and 2017-18, sources said.
 
Real estate sector is going through a lean patch, despite the incentives in the budget. Maybe this is a good time for putting some money in it. The article below makes a lot of sense, considering the boom of Oyo rooms around.

https://www.moneycontrol.com/news/b...th-93-billion-per-year-proptiger-3507881.html

Co-living space in demand, offers biz potential worth $93 billion per year: PropTiger

PTI@moneycontrolcom



After decent growth of co-working segment in last few years, it's now co-living space which is creating buzz in India and has potential to become USD 93 billion market annually on rising demand from students and professionals, according to a study.

News Corp and Softbank-backed realty portal PropTiger has termed the co-living space as "real estate goldmine" that remains largely untapped.

"This is evident from the fact that the supply by organised players in co-living is currently limited to over one lakh beds. Assuming they earn Rs 1.44 lakh per annum per bed, organised players in this segment are currently USD 206 million).

"If the existing demand-supply mismatch is fixed, this segment has the potentially to grow into a USD 93-billion market," PropTiger said in a report.

The report further found out that the co-living sector has total untapped demand of about 46.3 million beds, out of which 8.9 million is from student housing.

As per its survey, total occupancy recorded in hostels within college campuses across India was only 3.4 million students, leading to a demand-supply mismatch of 8.9 million students. This deficit for co-living spaces is currently being met by the unorganised sector, which includes PG accommodation and rental houses, etc.

On the current status, PropTiger said that entrepreneurs are launching co-living portals and tying-up with real estate developers to build project specifically meant for the co-living segment, especially for students and working professional.

Packed with modern amenities, these spaces are designed keeping in mind the needs of the targeted segment.

Co-living space meant for students are generally equipped with basic facilities such as housekeeping, laundry services, security and meals, apart from additional facilities such as gaming consoles, libraries, gyms, pools and high-speed Wi-Fi.

Among the existing players in the segment are RentMyStay, Rentroomi, SimplyGuest and Flathood. Other players such as NestAway, Stanza Living, Zolo, Placio and CoLive have recently entered this sector and raised funds to spread the business.

Lately, OYO Living has also entered the segment, with more than 2,000 beds in Noida, Gurugram, Bengaluru and Pune, the report said.

Proptiger suggested real estate developers, who are focusing only on commercial office spaces to expand their rent-generating portfolio, to seriously think about building spaces for co-living.

"Rental yield in this segment is higher as compared to traditional ways of renting a property," the study said.

Citing an example, it said that a property for students in Sector 125, Noida, is expected to give about 8–9 per cent rental yield whereas housing for professionals is expected to provide 5–7 per cent rental yield.

Investors also get tax rebate on housing loan if they take a loan for buying a residential property. The investor can enjoy the benefit of tax rebate, along with rental income, something not possible in case of commercial property.

PropTiger is part of Elara Technologies, Singapore-based technology services company that also owns two other portals - Housing.com and Makaan.com. The group provides digital real estate marketing and transactions services.
 

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