E Jayashree Kurup (for Info only, not official)

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E Jayashree Kurup

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    ...This is the best time to regroup and get your developer to complete the project too. Firstly, join the pressure group that buyers have created. Most developments have buyer groups so that you can act as a group rather than an individual. Join the consumer activist groups such as NEWOFA (Noida Extension Flat Owners Welfare Association) where citizen groups are speaking to political and RERA authorities as also the development authorities to get stuck projects moving. This gives a better chance of getting your project moving towards completion. This is also very important if your project is going into insolvency. As unsecured individual buyer you will find it difficult to fight. But the action groups have sought legal recourse and you too can be protected. There is a real crunch on capital currently. This is for many reasons. World over developers raise money from banks or funds to finance the completion of a project. ...

    TOI on Dec. 6, 2017, 11:47 a.m.

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    ...Policies have made a sea change in the way the business is done. Consumers are verging on belligerent if their project is impacted. Some have turned associates with builders to ensure that held up projects can go through to conclusion. In this scenario, I decided to come back to you with a series through December 2017, on a cheat code to buying a house in India. The principles are the same but there is slight re-alignment. Even as you read this, if you want a copy of the book ‘How to buy a House’ published by Harper Collins, please send your address to jayashree.kurup@magicbricks.com and we will be happy to send you a Free copy of the book. Indicate your shirt size (S, M, L, XL) and you can flaunt your tee shirt as well. So, the first question that people are asking today is whether you need to buy a house at all. There is a whole generation that believes in leasing not buying. This pertains to cars, houses, furniture, white goods, just about anything. ...

    TOI on Dec. 1, 2017, 5:26 p.m.

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    ...The issue was subscribed three times on Day 2. Retail investors have shown great interest in the IPO. So should you quickly buy into this today? This offer is significant for two reasons: 1) With the bevy of policies on housing and urban infrastructure, including RERA, affordable and Smart Cities Mission, the prospects of the company are on the upswing 2) At a time when most financial institutions are struggling with rising Non Performing Assets (NPA), HUDCO’s NPA stands at 6.86% and net NPA 1.5%. This is the result of a policy decision HUDCO took in 2013, when bank NPAs started rising, to concentrate on lending to state governments for housing and urban infrastructure projects. ...

    TOI on May 11, 2017, 12:34 p.m.