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 Malls with a focus
The region is finally waking up to
speciality malls, says Ruchika M. Khanna
The
mall mania cannot get better. In an
effort to outdo competition, mall developers have found a new innovation in the
form of speciality malls. So out are the regular malls offering a plethora of
goods and services, as developers get ready to offer one-stop solution to the
customers in speciality malls.
 Cottages, a casualty of
concrete culture
Rakesh Lohumi notes
how apartments are replacing traditional structures in Shimla
In
the mad race for owning
multi-storeyed buildings, cottage culture, a legacy of the British, has become
a major casualty in the “Queen of Hills”. Many
old buildings have been demolished to pave the way for modern multi-storeyed
structures and those surviving have virtually vanished in the concrete jungle.
Most of the new buildings have come up on the spacious lawns and open spaces
around the old bungalows.
 House through the mouse
Peeyush Agnihotri
Online
property portals have started to
click in India, and matching up with the trend, regional entrepreneurs are
hopping on to the bandwagon. In a bid to
reach out to the lesser-tapped NRI market, Anand Chanana, a 26-year-old student
from Amritsar, launched gharji.com, an online real estate portal, this week.
Chanana, a qualified mechanical engineer, is currently pursuing his BCA from a
college in Jalandhar.
Anand Chanana
 GREEN HOUSE
Competitive lawns
Satish Narula lets
out a few tips on how a home garden can be a winner at flower shows to be held
in the region
No
matter how much you spend on the
construction of the house, it is incomplete unless tastefully decorated with
velvety turf and quality plants. In the houses or flats you do it yourself and
in the societies, the onus is on the management. See any housing ad, and the
first thing to lure the customers is the ‘beautifully landscaped environs’.
 Retail throws up key roles in
bulk
A
career in
real estate was till now limited to brokers, masons and labourers. Not anymore
as the industry opens up limitless scope for investment bankers, marketing
managers, visual merchandisers and supply chain distributors. Many are even
coming armed with foreign degrees.
 Mandi, a haven for the retired
Kuldeep Chauhan notes
that the town is becoming a commercial-cum-educational hub
Known
as Choti Kashi of Himalayas, real
estate prices have sky-rocketed in the Mandi town, which has emerged as a
refuge for retired people, besides an educational hub in the central region of
Himachal Pradesh over the years. The new banks and educational institutes have
resulted in the shrinking availability of land within the Mandi town.
Town planners are of the view that there is scope for expansion in patches.
TAX
tips
No rebate on loan for acquiring
plot
By S.C. Vasudeva
Q. I purchased a plot by taking loan from HDFC. Kindly clarify the following
points:
Am I entitled to take any rebate under the Act on EMI, consisting principal or
the interest or both?
Buzz
on Bourses
NHB inks pact with SPA
New
Delhi: National
Housing Bank (NHB) has said it has signed a memorandum of cooperation (MoC)
with the School of Planning and Architecture (SPA) for collaboration in the
areas of training and research in housing, integrated township development and
low-cost housing. Under the MoC, the two institutions would work to conduct
studies of housing in disaster prone areas, eco and tribal housing, building
material and technology, NHB said in a press note here. NHB Chairman and
Managing Director S. Sridhar and SPA Director Subir Saha signed the MoC, it
said.
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