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Showing posts from September, 2022

Why Did Maharashtra Lose Out on Vedanta's Chip Project to Gujarat?

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What Is the Vedanta-Foxconn Semiconductor Project? Vedanta had formed a partnership with electronics giant Foxconn in a 60:40 joint venture to manufacture a semiconductor fabrication ecosystem in India. Semiconductor chips, or microchips, are essential pieces of many digital consumer products – from cars and mobile phones to ATM cards. The company had been holding discussions with the Maharashtra government over the last few months to set up the plant. What Subsidies Was the Maharashtra Govt Offering? As per documents of the state's industries department, the Maharashtra government had offered an “extremely lucrative incentive package” to the company, The Indian Express reported. Several other incentives were also announced, such as: ·          A power tariff subsidy of Rs 1/unit ·          Support to Vedanta to manufacture a 750 megawatt solar power plant ·      ...

Why Investing in Property is a Good Idea

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Real estate has the potential to deliver very high returns in the long run. It can provide a steady cash flow and enjoys several tax benefits. Here are some of the many advantages that real estate offers over other investment classes. Steady source of income Demand for rental housing is rising. With offices opening up, Rental Index mirrors this trend in the second quarter of 2022. Rental housing demand has grown 29.4% q-o-q and 84.4% y-o-y, while average rents have risen 8.4% q-o-q in the April-June quarter. This demand is expected to increase in coming years, making rental units a steady income source. Real estate is also an effective tool against capital loss if the purchasing power of the currency depreciates due to inflation or other macroeconomic trends. RBI data shows that property rates increased by an average of 15.1% across the major cities between 2011 and 2021, well above the inflation rates which averaged at 6.15% during this period. Despite hiccups like the global fina...

What was the Idea of Dholera Smart City?

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That is when Modi Ji imagined a high-tech city like Japan or Singapore. As per PM Shri Narendra Modi – Dholera was supposed to be twice the size of Delhi and six times the size of Shanghai – a world-class city that would put India on the map. According to his visions for Dholera SIR , there would be Dholera International Airport and everything will be smart – Road Connectivity and Facilities. It will be a city of the future. Everything will be digital in this 900 Sqkm Smart City Dholera. The business setup would not be a hassle anymore. Smart hotel management, Smart Hospitals, Smart Schools, Etc. These world class facilities will be monitored from ABCD Building, (Administration and Business Centre for Dholera). It will be like omnipresence, and whenever something goes wrong, there will be a help. Plan For Dholera:- The Plan of Dholera SIR was readied for a long time in 2007. Terminologies like smart city, green city, self-sustainable city, world class smart city, etc. Modi ji...

The Ultimate Guide To Dholera Connectivity & Development

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Connectivity Is The Universal Touchstone: When you look for a single, unifying decision driver that remains relevant across the real estate spectrum, only one word comes to mind: connectivity. While identifying the right location for a residence, the first question asked before shortlisting a project, is how quickly it provides access to how many shopping, healthcare, education, and leisure facilities. Similarly, connectivity holds the key even for mega businesses. When this query is posed in the context of finalizing the location for setting up a manufacturing facility, especially one that could have anything to do with exports, perhaps remotely, even possibly in the distant future, it takes on a different significance altogether, but it continues to be the one constant concern and with good reason. Connectivity is a decisive factor that can sway critical negotiations of this nature either way because of the extremely far-reaching implications. It is said that accessibility hold...