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

Will HNIs and NRIs quit realty market because of demonetisation?

Their priorities might change, but only for the short term
Demonetisation is likely to adversely impact the high-end market.(Getty Images/iStockphoto)
Demonetisation is likely to adversely impact the high-end market.(Getty Images/iStockphoto)
Published on Nov 18, 2016 06:09 PM IST
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Exit from benami properties to be tough after demonetisation drive

The benamindars would keep original documents in person and execute a power of attorney that allows them to sell whenever the price appreciates
The Prohibition of Benami Property Transactions Act (PBPT Act) that came into effect this month will make it difficult for people to park their unaccounted wealth in real estate.(Getty Images/iStockphoto)
The Prohibition of Benami Property Transactions Act (PBPT Act) that came into effect this month will make it difficult for people to park their unaccounted wealth in real estate.(Getty Images/iStockphoto)
Updated on Nov 14, 2016 05:59 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Realty markets to face pain for later gain following demonetisation

Measures to curb unaccounted wealth will impact cash flows in the market, putting pressure on property prices in Delhi-NCR, but homebuyers will benefit
Measures to curb unaccounted wealth will impact cash flows in the market, putting pressure on property prices in Delhi-NCR.(Getty Images/iStockphoto)
Measures to curb unaccounted wealth will impact cash flows in the market, putting pressure on property prices in Delhi-NCR.(Getty Images/iStockphoto)
Updated on Nov 14, 2016 11:42 AM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Demonetisation to impact some high-end areas in Delhi

Delhi’s high-end market will be affected by the government’s move to demonetise Rs 500 and Rs 1000, especially in areas where the circle rate is more than the market rate
Delhi’s high-end market will be affected by the government’s move to demonetise Rs 500 and Rs 1000, especially in areas where the circle rate is more than the market rate.(Saumya Khandelwal/HT PHOTO)
Delhi’s high-end market will be affected by the government’s move to demonetise Rs 500 and Rs 1000, especially in areas where the circle rate is more than the market rate.(Saumya Khandelwal/HT PHOTO)
Updated on Nov 12, 2016 06:06 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Demonetisation to briefly pause real estate markets

Resale market to see further correction due to financial stress. Banks may be forced to reduce interest rates in the short to mid-term
Resale market to see further correction due to financial stress. Banks may be forced to reduce interest rates in the short to mid-term.(Parveen Kumar Picture for representational purpose only)
Resale market to see further correction due to financial stress. Banks may be forced to reduce interest rates in the short to mid-term.(Parveen Kumar Picture for representational purpose only)
Updated on Nov 11, 2016 02:01 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Real estate registrations to feel the pinch of Modi move

It is mostly the secondary market – where properties are bought on resale – that will be impacted through this move, going a long way in cutting the cash element.
Scrapping of Rs1000 and Rs500 notes is expected to curb black money transactions in the resale real estate market.(Getty Images/iStockphoto)
Scrapping of Rs1000 and Rs500 notes is expected to curb black money transactions in the resale real estate market.(Getty Images/iStockphoto)
Updated on Nov 09, 2016 02:06 PM IST
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Real estate stocks down by 10% to 20%

Shares of leading realty companies like DLF, Unitech, Godrej Properties, Indiabulls Real Estate, Sobha, Oberoi, HDIL and Unitech were down by 10% to 20%
Real estate stocks felt the heat with the government deciding to phase out Rs 500 and Rs 1000 notes.(HT. Picture for representational purpose only.)
Real estate stocks felt the heat with the government deciding to phase out Rs 500 and Rs 1000 notes.(HT. Picture for representational purpose only.)
Updated on Nov 09, 2016 01:59 PM IST
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ByVandana Ramnani and Nachiket Kelkar

Developers pitch for increased benefits for affordable housing; reasonable GST rate

Demands were made by Confederation of Real Estate Developers Associations of India (Credai) at a pre-budget meeting with finance ministry officials
Credai members want increased benefits for affordable housing and say the rate of GST should not be more than 5%.(Burhaan Kinu/Hindustan Times)
Credai members want increased benefits for affordable housing and say the rate of GST should not be more than 5%.(Burhaan Kinu/Hindustan Times)
Published on Nov 08, 2016 09:15 PM IST
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Buyers can stop payment to builders if construction milestones are not met

To ensure that realty projects are completed on time, the Real Estate (Regulation & Development) Agreement for Sale Rules, 2016, lay down rights and obligations for both builders and buyers
The new RERA rules clearly state that if the allottee stops making payment, the builder will have to “correct the situation by completing the construction milestones and only thereafter the allottee be required to make the next payment without any interest.”(HT)
The new RERA rules clearly state that if the allottee stops making payment, the builder will have to “correct the situation by completing the construction milestones and only thereafter the allottee be required to make the next payment without any interest.”(HT)
Updated on Nov 07, 2016 06:24 PM IST
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ByVandana Ramnani, Hindustan Times, New Delhi

Regulatory rules need more teeth to really protect homebuyers

If the UP Apartment Act had not been amended, it would have, combined with RERA, made the state the safest place for buyers investing in real estate
buildings and cranes. construction concept. flat design elements. vector illustration(Istock)
buildings and cranes. construction concept. flat design elements. vector illustration(Istock)
Published on Nov 05, 2016 07:54 PM IST
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Affordable projects in Mumbai, NCR lead growth in festive season sales

Residential units in the range of Rs 25 lakh to Rs 50 lakh across eight major cities in India helped drive sales this festive season
Residential units in the range of Rs 25 lakh to Rs 50 lakh across eight major cities in India helped drive up sales this festive season.(Hindustan Times)
Residential units in the range of Rs 25 lakh to Rs 50 lakh across eight major cities in India helped drive up sales this festive season.(Hindustan Times)
Updated on Nov 02, 2016 07:34 PM IST
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Celebrating Diwali in a new home: Find out how a south Delhi couple are finally settling in

Pawan and Tanu Abbott have just moved into their park-facing 5,000 sq ft apartment in south Delhi, which has a mix of neutral hues and colourful accent pieces of furniture
Entrepreneur Pawan Abbott and his wife Tanu celebrating Diwali at their new house in South Delhi.(Ravi Choudhary/HT PHOTO)
Entrepreneur Pawan Abbott and his wife Tanu celebrating Diwali at their new house in South Delhi.(Ravi Choudhary/HT PHOTO)
Published on Oct 29, 2016 06:26 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Online property sales up by 10% this festive season; target set at 20%

The fastest moving properties online this season were the ready-to-move-in apartments priced between Rs 40 lakh to Rs 55 lakh
(Getty Images/iStockphoto)
(Getty Images/iStockphoto)
Updated on Oct 29, 2016 10:32 AM IST
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ByVandana Ramnani, HIndustan Times, New Delhi

Log on for free parking, discounts and lucky draws this festive season

Online platforms are offering 3% to 5% discount on the basic sales price, free parking and club memberships to homebuyers this festive season
Online platforms are offering 3% to 5% discount on the basic sales price, free parking and free club memberships to homebuyers this festive season.(iStock)
Online platforms are offering 3% to 5% discount on the basic sales price, free parking and free club memberships to homebuyers this festive season.(iStock)
Updated on Oct 28, 2016 02:49 PM IST
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ByVandana Ramnani, Hindustan Times, New Delhi

New builder floors hot buys in posh Delhi this festive season

Rise in demand for newly built stilted properties in Delhi versus those that are over six years old and without stilts
There is more demand for newly built stilted properties in South Delhi versus those that are over six years old and without stilts this festive season.(Picture for representational purpose only)
There is more demand for newly built stilted properties in South Delhi versus those that are over six years old and without stilts this festive season.(Picture for representational purpose only)
Published on Oct 25, 2016 08:21 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Do buildings have souls? This architect seeks to find them

It is important for someone working with buildings to think about their purpose and their legacy for the planet, says Vidur Bharadwaj
Published on Oct 22, 2016 08:50 PM IST
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Positive start to festive season as property sales go up by 10%-15%

Better pricing and timely possession has ensured a 10% to 15% rise in property sales during this festive season. Experts expect momentum to continue
Homebuyers are shifting focus to ready-to-move homes from under-construction properties this festive season.(Imagesbazaar)
Homebuyers are shifting focus to ready-to-move homes from under-construction properties this festive season.(Imagesbazaar)
Updated on Oct 22, 2016 11:21 PM IST
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Just a refund not enough, say Parsvnath, Unitech buyers

The announcement of refund in two cases concerning homebuyers in Gurgaon and Ghaziabad have left them relieved but merely getting the amount back is not enough for them to purchase another house
The announcement of refund in a case concerning homebuyers in Gurgaon has left them relieved but merely getting the amount back is not enough for them to purchase another house in the same locality.(Manoj Kumar (Picture for representational purpose only))
The announcement of refund in a case concerning homebuyers in Gurgaon has left them relieved but merely getting the amount back is not enough for them to purchase another house in the same locality.(Manoj Kumar (Picture for representational purpose only))
Updated on Oct 20, 2016 01:22 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Karnataka’s Badriya Jum’a Masjid, Siddhivinayak temple go green for earth’s sake

The 80-year-old Badriya Jum’a Masjid in Kundapur, 100km north of the Karnataka temple town of Mangaluru, and Mumbai’s popular Siddhivinayak Ganapati temple were officially acknowledged recently as the country’s first environment-friendly religious places.
The Siddhivinayak temple, which is two centuries old and covers 20,745 square feet of prime Mumbai real estate, has adopted traditional rainwater harvesting methods.(HT file photo)
The Siddhivinayak temple, which is two centuries old and covers 20,745 square feet of prime Mumbai real estate, has adopted traditional rainwater harvesting methods.(HT file photo)
Updated on Oct 19, 2016 07:50 PM IST
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Hindustan Times | By, New Delhi

Class action lawsuits to ensure quick relief for homebuyers

All owners in a housing project with ‘common’ grievances to be made party to proceedings against builder; to be awarded compensation too
The National Consumer Disputes Redressal Commission (NCDRC) clarification that all homebuyers in a housing project who may or may not have filed cases against developers, are eligible for compensation or benefits, comes as good news for buyers.(Sunil Ghosh)
The National Consumer Disputes Redressal Commission (NCDRC) clarification that all homebuyers in a housing project who may or may not have filed cases against developers, are eligible for compensation or benefits, comes as good news for buyers.(Sunil Ghosh)
Published on Oct 17, 2016 03:10 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

NCRDC order conforms to Real Estate Act norms

With consumer activism going up immensely, the NCRDC order could not have come at a better time as the penalty provision is only available under RERA
The National Consumer Disputes Redressal Commission (NCRDC) Bench interpreting Section 12 (1) ( c) of the Consumer Protection Act conforms to certain provisions of the Real Estate (Regulation and Development) Act 2016.(Getty Images)
The National Consumer Disputes Redressal Commission (NCRDC) Bench interpreting Section 12 (1) ( c) of the Consumer Protection Act conforms to certain provisions of the Real Estate (Regulation and Development) Act 2016.(Getty Images)
Updated on Oct 17, 2016 01:39 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Economic planning a must for smart cities

If cities have to transform, they need leadership and governance at the city level
cities have to transform, they need leadership and governance at the city level.(IStock)
cities have to transform, they need leadership and governance at the city level.(IStock)
Published on Oct 13, 2016 04:07 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

Builders giving away gold coins, cars to lure buyers in this festive season

From giving discounts of Rs 2 to Rs 5 lakh to sops such as gold coins, cars and even white goods, developers are going all out to woo customers this festive season
There is a lot of online activity as well on ecommerce websites this festive season.(Shutterstock)
There is a lot of online activity as well on ecommerce websites this festive season.(Shutterstock)
Published on Oct 08, 2016 07:27 PM IST
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Hindustan Times, New Delhi | By

RBI rate cut: Your home loan EMIs are likely to get cheaper

Implementation of RERA must to instill confidence among homebuyers
RBI’s surprise repo rate cut by 25 basis points to may help improve homebuyers confidence this festive season.(HT FIle photo)
RBI’s surprise repo rate cut by 25 basis points to may help improve homebuyers confidence this festive season.(HT FIle photo)
Updated on Oct 04, 2016 06:10 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

RERA forcing builders to focus on timely delivery this festive season

Developers this year are focusing on completion of projects and luring homebuyers with special schemes to dispose of housing stock
Developers this festive season are focusing on completion of projects and luring homebuyers with special schemes to dispose of housing stock.(Getty Images/iStockphoto)
Developers this festive season are focusing on completion of projects and luring homebuyers with special schemes to dispose of housing stock.(Getty Images/iStockphoto)
Updated on Oct 03, 2016 02:46 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

No house, no vote campaign by Greater Noida homebuyers trends on twitter

Homebuyers awaiting possession of their apartments in Noida Extension hope to attract the attention of government authorities through social media to get possession of their homes
Homebuyers who are still waiting to get their homes in Greater Noida West pose with the NoHouseNoVote slogan which they have tweeted.(\)
Homebuyers who are still waiting to get their homes in Greater Noida West pose with the NoHouseNoVote slogan which they have tweeted.(\)
Published on Sep 30, 2016 06:48 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi

How well can DU students balance sports with studies?

National champs at Delhi University have been balancing sports and studies with help from colleges and classmates, but do they need more support?
Arshpreet Bhullar, national basketball champion, Hindu College, Delhi University, participating in a tournament.
Arshpreet Bhullar, national basketball champion, Hindu College, Delhi University, participating in a tournament.
Published on Sep 28, 2016 02:05 PM IST
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Hindustan Times, New Delhi | By

SC directing Parsvnath to deposit Rs 12 crore in line with RERA norms

Apex court’s order in line with rules of the Real Estate Regulatory Act (RERA) and an attempt to win back homebuyers’ trust and confidence in the housing market
The Supreme Court has ordered Parsvnath Developers to refund Rs 12 crore as compensation to 70 homebuyers who had invested in Ghaziabad project named Exotica launched in 2007.
The Supreme Court has ordered Parsvnath Developers to refund Rs 12 crore as compensation to 70 homebuyers who had invested in Ghaziabad project named Exotica launched in 2007.
Updated on Sep 15, 2016 05:18 PM IST
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Hindustan Times | By, New Delhi

You’re invited to attend an art residency at 5,500 ft above sea level in Bhimtal

Artists can consider buying one of the 11 villas nestled in the hills of Bhimtal, overlooking the river or simply renting them
The Brooks Arthaus project in Bhimtal has 11 villas spread across 3 acres in Bhimtal, Uttarakhand, that have been constructed using local material, reducing carbon footprint.(HT Photo)
The Brooks Arthaus project in Bhimtal has 11 villas spread across 3 acres in Bhimtal, Uttarakhand, that have been constructed using local material, reducing carbon footprint.(HT Photo)
Published on Sep 14, 2016 08:57 AM IST
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ByVandana Ramnani, New Delhi

Do changes in UP Apartment Act compromise homebuyers’ interests?

Recent amendments to the UP Apartment Act 2010 do away with the 24-month project completion deadline. Homebuyer approvals for changes in project will also not be required
A unique provision for completion of housing projects within 24 months has now been done away with in the recently amended UP Apartment Act.(Burhaan Kinu)
A unique provision for completion of housing projects within 24 months has now been done away with in the recently amended UP Apartment Act.(Burhaan Kinu)
Published on Sep 12, 2016 12:01 PM IST
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ByVandana Ramnani, Hindustan Times, Delhi
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