Vandana Ramnani

Vandana Ramnani

Vandana Ramnani was part of Hindustan Times’ nationwide network of correspondents that brings news, analysis and information to its readers.She no longer works with the Hindustan Times.

Articles by Vandana Ramnani

At last! Green shoots of recovery in the real estate market

Reduction in interest rates, a 10% to 20% correction in property prices and the fast approaching deadline for states to implement the Real Estate Regulatory Act is encouraging homebuyers to invest in real estate
End-users who were on a lookout for properties are taking advantage of corrective valuations and the real estate market is gradually picking up.(Sanjeev Verma/HT PHOTO)
End-users who were on a lookout for properties are taking advantage of corrective valuations and the real estate market is gradually picking up.(Sanjeev Verma/HT PHOTO)
Published on Mar 28, 2017 02:47 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

PMAY provides only 2%-10% benefit on property purchase

Higher benefit at lower ticket sizes. More builders to launch homes of up to 60 sq m carpet area
Initiatives such as the Pradhan Mantri Awas Yojana will provide limited benefits to MIG housing and more to LIG housing.(Getty Images/iStockphoto)
Initiatives such as the Pradhan Mantri Awas Yojana will provide limited benefits to MIG housing and more to LIG housing.(Getty Images/iStockphoto)
Published on Mar 28, 2017 02:15 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Builders in a hurry to give possession to homebuyers to avoid RERA penalty for late delivery of apartments

Developers are getting part completion certificates to deliver apartments in incomplete projects to skip late delivery penalty
Developers are getting part completion certificates to deliver apartments in incomplete projects to skip late delivery penalty.(Getty Images/iStockphoto)
Developers are getting part completion certificates to deliver apartments in incomplete projects to skip late delivery penalty.(Getty Images/iStockphoto)
Updated on May 06, 2017 09:13 PM IST
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Builders reducing size of housing units to improve affordability for homebuyers

The ticket size of new residential launches across top eight cities has seen an average decline of 14% year – on – year.
In most cities developers have sought to rationalise ticket sizes of apartments to make them more affordable.(HT Photo)
In most cities developers have sought to rationalise ticket sizes of apartments to make them more affordable.(HT Photo)
Updated on May 06, 2017 09:13 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Litigation to be now ‘affordable’ for homebuyers

Property buyers can now take their legal battles against builders to the Supreme Court for as little as Rs 500 through the Middle Income Group Legal Aid Society
Homebuyers generally spend over Rs 30 lakh to purchase property and over Rs 7 lakh to defend the matter in courts if they fail to get delivery of their homes on time.(Getty Images/iStockphoto)
Homebuyers generally spend over Rs 30 lakh to purchase property and over Rs 7 lakh to defend the matter in courts if they fail to get delivery of their homes on time.(Getty Images/iStockphoto)
Published on Mar 11, 2017 06:06 PM IST
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Hindustan Times, New Delhi | ByVandana Ramnani, Hindustan Times

60 Credai members expelled

As many as 2,767 cases have been resolved since the customer grievance redressal forum was set up by Credai in 2012
Credai NCR has brought together builders and buyers at an informal forum to settle long-pending disputes with homebuyers which are related to late delivery of units to developers abandoning housing schemes and not refunding the amount paid by buyers.(HT Photo)
Credai NCR has brought together builders and buyers at an informal forum to settle long-pending disputes with homebuyers which are related to late delivery of units to developers abandoning housing schemes and not refunding the amount paid by buyers.(HT Photo)
Published on Mar 11, 2017 05:59 PM IST
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Hindustan Times, New Delhi | ByVandana Ramnani, Hindustan Times

Stick to what’s promised in advertisements and deliver projects on time, Venkaiah Naidu advises builders

Builders must change their outlook and come out with new business principles and models. They must also adopt digital transactions for greater transparency
Builders must change their outlook and come out with new business principles and models. They must also adopt digital transactions for greater transparency, union minister M Venkaiah Naidu told builders at the Credai Conclave.
Builders must change their outlook and come out with new business principles and models. They must also adopt digital transactions for greater transparency, union minister M Venkaiah Naidu told builders at the Credai Conclave.
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Launching affordable housing not as easy as it seems

Cheap land and good location with proper connectivity essential to attract homebuyers likely to be difficult
Cheap land and good location with proper connectivity essential to attract homebuyers likely to be difficult.(Getty Images/iStockphoto)
Cheap land and good location with proper connectivity essential to attract homebuyers likely to be difficult.(Getty Images/iStockphoto)
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Housing slump to continue, realty sector gets negative rating

India Ratings and Research has maintained a negative outlook on the real estate sector for the financial year 2018 and expects a continued slump in the sale of residential units
For the property sector to do well, it needs to undergo a structural change in the way it does business and move towards a model of unit sales after completion of projects.(HT Photo)
For the property sector to do well, it needs to undergo a structural change in the way it does business and move towards a model of unit sales after completion of projects.(HT Photo)
Updated on Mar 11, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Homebuyer interest in property market picks up

Consumers being lured by developers with big discounts on completed, affordable projects and low EMI schemes
Homebuyers are being lured by developers with big discounts on completed, affordable projects and low EMI schemes.(HT Photo)
Homebuyers are being lured by developers with big discounts on completed, affordable projects and low EMI schemes.(HT Photo)
Updated on Mar 28, 2017 02:47 PM IST
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ByVandana Ramnani, HIndustan Times, Delhi

Impose penalty on property investors holding vacant housing stock to curb speculation

Heavy holding taxes and other penalties on real estate investors will help rationalise property prices, says a new report
Heavy holding taxes and other penalties on property investors will help rationalise real estate prices.(HT Photo)
Heavy holding taxes and other penalties on property investors will help rationalise real estate prices.(HT Photo)
Published on Mar 02, 2017 03:36 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Train interviews, volunteering with NGOs: life’s getting to be exciting for millennials

Organisations are wooing gen next by offering them an individualised work experience
Organisations are wooing gen next by offering them an individualised work experience.(Imagesbazaar)
Organisations are wooing gen next by offering them an individualised work experience.(Imagesbazaar)
Updated on Feb 22, 2017 05:26 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Designing playgrounds for special needs kids and greening terrace space: meet youngsters who want to change the world

From designing sensory play swings, helping people without access to online banking pay bills and growing organic vegetables atop city terraces, these youngsters have serious goals to accomplish
Two National Institute of Design graduates, Anjali Menon and Aditi Agarwal, are designing playgrounds for differently-abled children.(Handout image)
Two National Institute of Design graduates, Anjali Menon and Aditi Agarwal, are designing playgrounds for differently-abled children.(Handout image)
Updated on Feb 22, 2017 10:27 AM IST
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Hindustan Times, New Delhi | ByVandana Ramnani

Not a single affordable housing proposal received from private developers: Naidu

Affordable housing a huge opportunity for developers at the ‘bottom and middle of the pyramid
Addressing a conference on Real Estate Sector Post Remonetisation and RERA under the aegis of PHD Chamber of Commerce and Industry, urban poverty alleviation (HUPA) minister M Venkaiah Naidu said that not a single proposal has come from private builders for the affordable housing scheme till date.
Addressing a conference on Real Estate Sector Post Remonetisation and RERA under the aegis of PHD Chamber of Commerce and Industry, urban poverty alleviation (HUPA) minister M Venkaiah Naidu said that not a single proposal has come from private builders for the affordable housing scheme till date.
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Developers scramble for Real Estate Act compliance, but buyers remain sceptical

Most builders are incorporating RERA provisions in the sale agreement with buyers and ensuring timely delivery of projects
Builders are incorporating RERA provisions in the sale agreement with buyers and ensuring timely delivery of projects.(Hindustan Times, Devinder Tiwari)
Builders are incorporating RERA provisions in the sale agreement with buyers and ensuring timely delivery of projects.(Hindustan Times, Devinder Tiwari)
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Real Estate Regulatory Act: grey areas still persist and need to be plugged

Developers who have projects in states that are yet to adopt draft rules face a big challenge
many developers are signing RERA-compliant agreements with homebuyers but this exercise is more of a housekeeping and a better business practice being put in place before RERA becomes operational. (Picture for representational purpose only)(Burhaan Kinu, Hindustan Times)
many developers are signing RERA-compliant agreements with homebuyers but this exercise is more of a housekeeping and a better business practice being put in place before RERA becomes operational. (Picture for representational purpose only)(Burhaan Kinu, Hindustan Times)
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Parking space, common areas to find separate mention in ‘RERA compliant’ agreements

Builders will now have to specify common as well as carpet areas in property sale documents
Some newly formatted agreements to sale being readied by developers clearly state that the garage/closed parking shall be treated as a single indivisible unit for all purposes.(Getty Images)
Some newly formatted agreements to sale being readied by developers clearly state that the garage/closed parking shall be treated as a single indivisible unit for all purposes.(Getty Images)
Updated on Mar 22, 2017 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

New project launches under joint development model soon

Joint development agreements are expected to improve land transactions, bring in more supply of land into the property market and encourage more private additional land owners to partner with branded developers
Joint development agreements are expected to improve land transactions, bring in more supply of land into the property market and encourage more private additional land owners to partner with branded developers. (Picture for representational purpose only)(Parveen Kumar)
Joint development agreements are expected to improve land transactions, bring in more supply of land into the property market and encourage more private additional land owners to partner with branded developers. (Picture for representational purpose only)(Parveen Kumar)
Published on Feb 13, 2017 04:35 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Joint development a boon for housing sector

The budget proposal to pay capital gains tax for joint development projects after their completion is likely to bring in more supply of land into the property market
Budget 2017 has proposed changing the capital gains tax liability for joint development agreement (JDA) to develop real estate projects.(Getty Images)
Budget 2017 has proposed changing the capital gains tax liability for joint development agreement (JDA) to develop real estate projects.(Getty Images)
Updated on Feb 13, 2017 04:35 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017: Here’s how homebuyers will benefit from government’s thrust on affordability

Infrastructure status for affordable housing will make homes cheaper and give buyers more options as new launches increase
Even big real estate brands will now be encouraged to get into the affordable housing segment.
Even big real estate brands will now be encouraged to get into the affordable housing segment.
Updated on Feb 13, 2017 04:35 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017: A ‘surgical strike’ on investors?

Budget 2017 seems to be discouraging investors from building a residential portfolio for long-term wealth creation by giving limited incentive for continuing to give their house on rent
Budget 2017 seems to be discouraging investors from building a residential portfolio for long-term wealth creation by giving limited incentive for continuing to give their house on rent.
Budget 2017 seems to be discouraging investors from building a residential portfolio for long-term wealth creation by giving limited incentive for continuing to give their house on rent.
Updated on Feb 13, 2017 04:35 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017: Infrastructure status to affordable housing to boost real estate markets

Budget 2017 has proposed infrastructure status for affordable housing, a long-standing demand of developers, and also increased the allocation for the Prime Minister Awas Yojana from Rs 15,000 crore to Rs 23,000 crore
The residential sector is likely to get relief from the pain of demonetisation with Budget 2017 proposing infrastructure status for affordable housing.
The residential sector is likely to get relief from the pain of demonetisation with Budget 2017 proposing infrastructure status for affordable housing.
Updated on Feb 04, 2017 05:03 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Clarity on Pradhan Mantri Awas Yojana, more tax benefits for homebuyers likely in today’s Budget

To boost sentiment and real estate sales , today’s budget announcements are expected to give a push to affordable housing and encourage first-time homebuyers to invest in property
Budget 2017 is expected to provide some cheer to the real estate sector in the form of more tax benefits for first-time homebuyers and clarity on the Pradhan Mantri Awas Yojana.(Sanchit Khanna, HT Photo)
Budget 2017 is expected to provide some cheer to the real estate sector in the form of more tax benefits for first-time homebuyers and clarity on the Pradhan Mantri Awas Yojana.(Sanchit Khanna, HT Photo)
Updated on Feb 01, 2017 11:21 AM IST
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ByVandana Ramnani, Hindustan Times

Property prices fell after note ban, likely to go down further, says economic survey

Real estate prices declined as cash shortages impeded property transactions, says the survey.
Real estate prices have fallen following the demonetisation move and are expected to fall further as investing undeclared income in real estate will become difficult.(Sunil Ghosh, HT Photo)
Real estate prices have fallen following the demonetisation move and are expected to fall further as investing undeclared income in real estate will become difficult.(Sunil Ghosh, HT Photo)
Updated on Jan 31, 2017 05:50 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017 holds key to real estate market revival

Buyers hoping clarity will emerge after Budget 2017
Home buyers waiting in the wings are hoping clarity will emerge after Budget 2017.(HT Photo, Parveen Kumar)
Home buyers waiting in the wings are hoping clarity will emerge after Budget 2017.(HT Photo, Parveen Kumar)
Published on Jan 30, 2017 01:52 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Reviewing circle rates can curb black money use

Circle rates should be at par with market values of properties
In most markets today, circle rates are not at par with market values, resulting in evasion of stamp duties and thereby generation of black money.(Getty Images/iStockphoto)
In most markets today, circle rates are not at par with market values, resulting in evasion of stamp duties and thereby generation of black money.(Getty Images/iStockphoto)
Updated on Jan 28, 2017 05:39 PM IST
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Hindustan Times, New Delhi | ByVandana Ramnani

Demonetisation alone cannot suck out black money from property market

Rationalising tax structure, stamp duties can be permanent solutions
The note ban is a futuristic step rather than a retrospective measure, say experts.(Getty Images/iStockphoto)
The note ban is a futuristic step rather than a retrospective measure, say experts.(Getty Images/iStockphoto)
Updated on Feb 02, 2017 09:33 PM IST
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Hindustan Times, New Delhi | ByVandana Ramnani

NRIs back to their investing ways, expected to put in Rs 1150 crore in realty market in 2017

Demonetisation and RERA to boost NRI interest in India real estate market
Demonetisation, RERA and GST is expected to improve transparency and boost NRI interest in Indian real estate market in 2017.(HT Photo)
Demonetisation, RERA and GST is expected to improve transparency and boost NRI interest in Indian real estate market in 2017.(HT Photo)
Updated on Jan 24, 2017 11:38 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017: Here’s what Arun Jaitley can do to boost real estate

As Arun Jaitley prepares to present his third budget the key focus is likely to be on affordable housing, Pradhan Mantri Awas Yojana and tax breaks to boost real estate sales.
As Arun Jaitley prepares to present his third budget the key focus is likely to be on affordable housing, Pradhan Mantri Awas Yojana and tax breaks to boost real estate sales.(HT Archive)
As Arun Jaitley prepares to present his third budget the key focus is likely to be on affordable housing, Pradhan Mantri Awas Yojana and tax breaks to boost real estate sales.(HT Archive)
Updated on Jan 23, 2017 08:22 PM IST
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Hindustan Times | ByVandana Ramnani, New Delhi

Uttar Pradesh polls: Disgruntled buyers start ‘no house, no vote’ Twitter campaign

Buyers upset with delays in possession hope to use the NOTA option while voting to convince politicians to resolve their problems when in power
Of the 3 lakh units in Greater Noida West, only about 25,000 units have been given possession.(Sunil Ghosh, Hindustan Times)
Of the 3 lakh units in Greater Noida West, only about 25,000 units have been given possession.(Sunil Ghosh, Hindustan Times)
Updated on Jan 21, 2017 10:51 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi
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