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

Demonetisation: Rs 22,600 crore loss for real estate sector

Mumbai market was the worst hit and incurred notional losses worth Rs 9,100 crore, followed by Bengaluru (Rs 4,800 crore) and NCR (Rs 3,700 crore)
The real estate sector in NCR suffered a revenue loss worth Rs 3,700 crore on account of demonetisation.(HT Photo)
The real estate sector in NCR suffered a revenue loss worth Rs 3,700 crore on account of demonetisation.(HT Photo)
Published on Jan 19, 2017 05:40 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Will developers now focus on budget homes?

Affordable could be the new mantra for realty sector in the coming months
Affordable could be the new mantra for realty sector.
Affordable could be the new mantra for realty sector.
Updated on Jan 17, 2017 04:09 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Budget 2017 wish list: Should ‘priority’ housing be redefined?

To achieve the target of 2 crore housing for all by 2020, the government must provide infrastructure status to low cost housing to facilitate easy access to institutional finance and redefine priority housing to include first time home buyers aspiring to buy property in urban cities
To achieve the target of 2 crore housing for all by 2020, the government must provide infrastructure status to low cost housing to facilitate easy access to institutional finance.(HT Photo)
To achieve the target of 2 crore housing for all by 2020, the government must provide infrastructure status to low cost housing to facilitate easy access to institutional finance.(HT Photo)
Updated on Jan 31, 2017 08:59 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Real estate markets to make gradual recovery after demonetisation

Low mortgage rates this time will play a big role in the real estate sector’s path to recovery – a U-turn recovery instead of a V-shaped one as the trough is deeper now than that of 2008
Low mortgage rates this time will play a big role in the real estate sector’s path to recovery.(HT)
Low mortgage rates this time will play a big role in the real estate sector’s path to recovery.(HT)
Updated on Jan 14, 2017 07:40 PM IST
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ByVandana Ramnani, HIndustan Times, Delhi

Demonetisation impact on real estate worse than 2008 Lehman crisis?

Property markets had recorded a sharp fall then, but had recovered quickly after rate cuts.
Property markets had recorded a sharp fall in 2008, but had recovered quickly after rate cuts.(Istock)
Property markets had recorded a sharp fall in 2008, but had recovered quickly after rate cuts.(Istock)
Updated on Jan 14, 2017 06:08 PM IST
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Hindustan Times | By, New Delhi

Bengaluru and Delhi NCR dominate office leasing market with 47% share

IT/ITeS lead office transaction activity accounting for 50% of the transaction activity followed by BFSI, engineering and manufacturing
IT/ITeS lead office transaction activity accounting for 50% of the deals followed by BFSI, engineering and manufacturing.(HT Photo)
IT/ITeS lead office transaction activity accounting for 50% of the deals followed by BFSI, engineering and manufacturing.(HT Photo)
Published on Jan 12, 2017 08:13 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Rejected flats in DDA’s 2014 lottery are part of new 2017 housing scheme

As many as 11,000 flats up for grabs in the 2017 housing scheme were returned by allottees in 2014 on due to their small size and five-year holding period
Barely 50 people reside in this Rohini housing complex that has over 2000 apartments. Most of winners of the 2014 housing lottery had returned the houses allotted to them on account of the small size.(Sushil Kumar)
Barely 50 people reside in this Rohini housing complex that has over 2000 apartments. Most of winners of the 2014 housing lottery had returned the houses allotted to them on account of the small size.(Sushil Kumar)
Updated on Jan 17, 2017 05:40 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Rejected flats in DDA’s 2014 lottery are part of new 2017 housing scheme

As many as 11,000 flats up for grabs in the 2017 housing scheme were returned by allottees in 2014 on due to their small size and five-year holding period
Barely 50 people reside in this Rohini housing complex that has over 2000 apartments. Most of winners of the 2014 housing lottery had returned the houses allotted to them on account of the small size.(Sushil Kumar)
Barely 50 people reside in this Rohini housing complex that has over 2000 apartments. Most of winners of the 2014 housing lottery had returned the houses allotted to them on account of the small size.(Sushil Kumar)
Updated on Jan 11, 2017 12:53 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Demonetisation havoc: property sales drop by 44%, launches by 61%

Residential sales volume drop by 44% and new launches by 61% year-on-year, the worst since 2010
Residential sales volume dropped by 44% year-on-year and new launches fell by a massive 61% year-on-year, says a new Knight Frank report.(HT Photo)
Residential sales volume dropped by 44% year-on-year and new launches fell by a massive 61% year-on-year, says a new Knight Frank report.(HT Photo)
Updated on Jan 10, 2017 06:10 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Pradhan Mantri Awas Yojana: affordable homes could finally be within your reach

Will changes announced by the prime minister in the Awas Yojana finally make housing affordable for people who can now only dream of a home of their own?
Will changes announced by the prime minister in the Awas Yojana finally make housing affordable for people who can now only dream of a home of their own?
Will changes announced by the prime minister in the Awas Yojana finally make housing affordable for people who can now only dream of a home of their own?
Updated on Jan 13, 2017 07:38 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Vehicle-free Connaught Place likely to boost ­footfalls by 25% to 30%

Central business district Connaught Place must have adequate parking spaces close by to ensure that retail footfalls and rentals don’t fall due to inconvenience caused to shoppers
Connaught Place should have adequate provision for parking spaces to ensure that retail footfalls and rentals don’t fall due to inconvenience caused to shoppers.
Connaught Place should have adequate provision for parking spaces to ensure that retail footfalls and rentals don’t fall due to inconvenience caused to shoppers.
Updated on Jan 05, 2017 09:25 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Government now eyes profits from increased value of land around big projects

Centre likely to introduce value capture financing model for all infrastructure projects in 2017-2018, including smart cities, railway, roadway, power and industrial corridor projects.
Funds for value capture financing are raised through tools such as land value tax, development charges and ­transfer of development rights.(Parveen Kumar)
Funds for value capture financing are raised through tools such as land value tax, development charges and ­transfer of development rights.(Parveen Kumar)
Updated on Jan 03, 2017 12:46 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Prediction 2017: expect transparency in property market; normalisation after 6 months

Increased buyer confidence will also be good for the real estate sector
In the long run the storm called demonetisation unleashed upon the real estate sector will bring about greater transparency and buyer confidence.(HT Photo)
In the long run the storm called demonetisation unleashed upon the real estate sector will bring about greater transparency and buyer confidence.(HT Photo)
Updated on Jan 17, 2017 10:51 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Possibility of price cuts reviving buyer interest in high-end properties

Queries increasing from parties buying homes for own use and investors seeking discounts
(Vipin Kumar. Picture for representational purpose only.)
(Vipin Kumar. Picture for representational purpose only.)
Updated on Dec 25, 2016 08:46 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Homes delivered, but cash crunch stops buyers from moving in

Builders too say shortage of funds has led to delay in possession
Homebuyers say they do not have enough money to pay movers or do up the interiors of their new homes(Burhaan Kinu/Photo for representational purposes only)
Homebuyers say they do not have enough money to pay movers or do up the interiors of their new homes(Burhaan Kinu/Photo for representational purposes only)
Updated on Dec 17, 2016 11:56 PM IST
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Getting buyers back: builders want them to book properties online, pay later

Online bookings and payment schemes are part of builders’ efforts to dispose of their inventory
Developers are also ready to give compensation should prices correct in the near future to lure buyers to invest in their projects(Getty Images)
Developers are also ready to give compensation should prices correct in the near future to lure buyers to invest in their projects(Getty Images)
Updated on Dec 17, 2016 09:13 PM IST
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Top 10 policy initiatives that have impacted the real estate sector in India

The most widely discussed initiative by the government that has impacted both home buyers, builders and property agents alike is the demonetisation of Rs 500 and Rs 1000 notes, majorly used for real estate transactions
The realty sector was in the news all through the year with the government announcing several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016 and the amendment to the Benami Transactions Act.(HT Photo)
The realty sector was in the news all through the year with the government announcing several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016 and the amendment to the Benami Transactions Act.(HT Photo)
Published on Dec 12, 2016 03:12 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Mumbai HC wants noise pollution controlled. Is Delhi listening?

Noise mapping recommended for Maharashtra cities and included in development plans
There’s a need to install noise meters at stadiums, near highways.(IStock)
There’s a need to install noise meters at stadiums, near highways.(IStock)
Published on Dec 10, 2016 06:26 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

MPD 2021 advocates green barriers and no horn zones

Delhi Master Plan 2021 (MPD) lays emphasis on constructing buffer zones using ‘thin leaved trees’ to provide effective barriers to transmission of noise and notifying certain areas as ‘no horn zones’
Delhi Master Plan 2021 has an entire section on protecting the city against sound pollution.(iStock)
Delhi Master Plan 2021 has an entire section on protecting the city against sound pollution.(iStock)
Published on Dec 10, 2016 06:24 PM IST
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ByVandana Ramnani, HIndustan Times, Delhi

Does noise pollution impact property values

The valuation of a property is dictated by its location
The premium attached to a house depends on the view provided for by that property.(iStock)
The premium attached to a house depends on the view provided for by that property.(iStock)
Updated on Jan 05, 2017 10:35 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Rental rates to go up after demonetisation

In the backdrop of demonetisation of Rs 500 and Rs 1000 notes, property rentals are expected to increase over the next 12 to 18 months, says a report
In the backdrop of demonetisation of Rs 500 and Rs 1000 notes, property rentals are expected to increase over the next 12 to 18 months(HT Photo)
In the backdrop of demonetisation of Rs 500 and Rs 1000 notes, property rentals are expected to increase over the next 12 to 18 months(HT Photo)
Published on Dec 06, 2016 07:08 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

50% fall in queries by homebuyers, sales slow after demonetisation

Substantial decrease in enquiries and walk-ins for property purchase and sales after demonetisation as both buyers and sellers choose to wait and watch
Substantial decrease in enquiries and walk-ins for property purchase and sales after demonetisation as both buyers and sellers choose to wait and watch .(HT Photo)
Substantial decrease in enquiries and walk-ins for property purchase and sales after demonetisation as both buyers and sellers choose to wait and watch .(HT Photo)
Published on Dec 05, 2016 06:36 PM IST
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No clarity on land pooling: have homebuyers been duped of Rs 1000 crore?

With the urban development ministry finalising realty regulatory rules for Delhi, societies registered under land pooling are likely to face problems
National Capital Territory of Delhi Real Estate (Regulation and Development) (General) Rules, 2016, or RERA, once implemented, will require developers to furnish authenticated copies of the title deed of a property reflecting the title of the promoter to the land on which the project is to be developed, show original sanctioned plans, layout plans and disclosures related to the money collected from allottees.(HT File Photo/For representational purposes only)
National Capital Territory of Delhi Real Estate (Regulation and Development) (General) Rules, 2016, or RERA, once implemented, will require developers to furnish authenticated copies of the title deed of a property reflecting the title of the promoter to the land on which the project is to be developed, show original sanctioned plans, layout plans and disclosures related to the money collected from allottees.(HT File Photo/For representational purposes only)
Published on Dec 03, 2016 07:33 PM IST
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Outlook for real estate revised from stable to negative following demonetisation

Fitch Ratings has warned that residential property sales of most developers are expected to weaken by at least 20% to 30% in 2017 following demonetisation of Rs 500 and Rs 1000 notes
Fitch Ratings has warned that residential property sales of most developers are expected to weaken by at least 20% to 30% in 2017 following demonetisation of Rs 500 and Rs 1000 notes.(HT Photo)
Fitch Ratings has warned that residential property sales of most developers are expected to weaken by at least 20% to 30% in 2017 following demonetisation of Rs 500 and Rs 1000 notes.(HT Photo)
Updated on Dec 01, 2016 06:32 PM IST
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Firms line up measures to ease payday woes for staff

Indians need cash, especially to pay domestic helpers, newspaper vendors and milk-sellers, among others.
Indians need cash, especially to pay domestic helpers, newspaper vendors and milk-sellers, among others.(REUTERS)
Indians need cash, especially to pay domestic helpers, newspaper vendors and milk-sellers, among others.(REUTERS)
Published on Dec 01, 2016 11:07 AM IST
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Hindustan Times | ByHimani Chandna and Vandana Ramnani, New Delhi

Builders have a new mantra: homes for millennials

Developers want to build smaller and compact homes based on the concept that millennials wish to enjoy life and don’t want to commute. Tailor made options are being designed for those who love to travel
Builders are making compact units for millennials who want to live close to their workplaces and avoid long commutes(Source: The Ascott Limited)
Builders are making compact units for millennials who want to live close to their workplaces and avoid long commutes(Source: The Ascott Limited)
Published on Nov 29, 2016 07:30 PM IST
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Price gap to close between resale, primary real estate markets after demonetisation

With demonetisation mopping up black money, price difference in primary and resale markets is reducing
With demonetisation mopping up black money, price difference in primary and resale markets is reducing.(Illustration: Abhimanyu Sinha)
With demonetisation mopping up black money, price difference in primary and resale markets is reducing.(Illustration: Abhimanyu Sinha)
Published on Nov 26, 2016 04:49 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Is it the right time to buy a house after demonetisation?

Homebuyers waiting in the wings to buy a house may consider prolonging their wait for a couple of months as banks may announce a cut in home loan interest rates
Homebuyers waiting in the wings to buy a house may consider prolonging their wait for a couple of months following demonetisation and expected home loan rate cut.(Photo: Burhaan Kinu)
Homebuyers waiting in the wings to buy a house may consider prolonging their wait for a couple of months following demonetisation and expected home loan rate cut.(Photo: Burhaan Kinu)
Published on Nov 26, 2016 04:41 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Online search for property dips by 15% to 20% after demonetisation

Drop in searches for properties worth Rs 50 lakh and above but traffic for rentals goes up by 8% to 10%
Drop in searches for properties worth Rs 50 lakh and above but traffic for rentals goes up by 8% to 10% following demonetisation of Rs 500 and Rs 1000 notes.(Parveen Kumar Picture for representational purpose only)
Drop in searches for properties worth Rs 50 lakh and above but traffic for rentals goes up by 8% to 10% following demonetisation of Rs 500 and Rs 1000 notes.(Parveen Kumar Picture for representational purpose only)
Updated on Nov 21, 2016 07:01 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Demonetisation to bring in more transparency to Delhi’s farmhouse market

The clampdown on black money in real estate and implementation of RERA is expected to encourage institutional funds to enter the land market going forward
High net worth individuals are now likely to shy away from agricultural land deals and this might help soften market prices in the long term.(Imagesbazaar/Used for representational purpose only)
High net worth individuals are now likely to shy away from agricultural land deals and this might help soften market prices in the long term.(Imagesbazaar/Used for representational purpose only)
Published on Nov 19, 2016 07:39 PM IST
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