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UK seniors boost South African property

first_img11 May 2012Some of the most expensive properties in South Africa have been bought by foreigners, it’s true. It is also true that the Western Cape especially is home to small colonies of Germans, French and British expats. You can even buy proper Austrian meatloaf and German magazines in Constantia in Cape Town.Currently there is a small, but notable, trend establishing itself: British retirees are increasingly looking to South Africa in their golden years. It turns out that it’s not just due to the fantastic climate or amazing scenery – it’s about saving their pensions.‘Solvency-II for pensions’Due to the worldwide economic crisis, there have recently been a number of proposals – dubbed the “Solvency-II for pensions” – made by the EU that directly affect pensioner’s pockets. The Telegraph reports that the country’s biggest companies (6 850 companies with final salary pension schemes) could see their liabilities skyrocketing to more than double what they are now, and analysts warn that this could force them to close.The bad news continues; according to the Alexander Forbs National Pension Index, retirement incomes in the UK have fallen by £13 000 since 2000. Richard Evans illustrates the real term implications of this in The Telegraph with the analogy that a 30-year-old could expect two-thirds of his or her final salary in 2000. That number has gone down to 39 percent.SA one of seven ‘places to retire’What does any of this have to do with the South African property market?Quite a bit in fact; due to the weak local currency, a British retiree can live well in South Africa – even on a diminished pension. Shelter Offshore, an international expatriate advisory website, indicates that South Africa is currently rated among the seven places to retire for an affordable lifestyle, along with Argentina, Northern Cyprus and Slovenia.Importantly, foreign pensions are not taxed here, whereas a tax-free income limit of £9 205 only will apply as of 2013, after which a tax of 20 percent to 45 percent will take effect in the UK.Craig Featherby, Cape Town-based regional manager of deVere Group, a UK financial advisory firm, recently revealed that “over-55s have lost faith in the UK’s economy, tax and pension system; last year 252 000 people left the UK, and 24 000 of them came to SA.“Certain fears may remain as far as currency fluctuations are concerned, but retiring here must be an attractive option, I think interest might well increase,” believes Jan le Roux, CEO of Leapfrog Property Group.It is safe to assume that many of these retirees will invest in the local property market in their favoured areas: Cape Town, the KwaZulu-Natal coast and, occasionally, in Sandton, Johannesburg.Local market to benefitIt is true that foreign investment makes a small contribution to the local property market.According to the FNB Property Barometer, the impact remains unchanged at four percent. The report does look back at the heydays of 2008, where these investments comprised 20 percent of the market. It is safe to say that such peaks will not soon be repeated.“That being said, four percent may sound low but, one must keep the domino effect in mind; today’s sellers are often tomorrow’s buyers,” says le Roux.As such, South Africa isn’t set to become another Mallorca, where over 60 percent of properties are not owned by local Spaniards but by other nationalities. But it does seem that the local property market could benefit from British pensioners moving here.Sapalast_img read more

Productivity Most Pressing Development Issue – Minister Kellier

first_imgMinister of Labour and Social Security, Hon. Derrick Kellier, says productivity is the most pressing development issue at present, and there is need for the country to revolutionize its approach to the matter.“Productivity happens to be at the heart of any strategic action we will contemplate for the future, whether at the level of the enterprise or of the country. If we do not seek to put drastic improvements in productivity at the centre of our concerns to energize for action, in respect of the opportunities before us, then success for growth and the full development of our potential will continue to elude us,” the Minister argued.Mr. Kellier was delivering the keynote address at the opening of the 31st Jamaica Employers Federation (JEF) annual three-day Business and Workplace Convention and Expo, at the Sunset Jamaica Grande Resort, in Ocho Rios, St. Ann, on May 2.The Minister said he is aware that some business enterprises have been laying the groundwork in preparation for the opportunities that may arise when the present economic recession would have passed, and unless the issue of improvement in productivity is given keen attention, the expected benefits will not materialize.Presenting data to support his point, he stated that research done by the Jamaica Productivity Centre (JPC) within the Ministry of Labour and Social Security, is showing that between 1972 and 2007 the country’s labour productivity has been declining at an average annual rate of 1.5 per cent.He also noted that productivity involving labour, capital, energy and other inputs, has declined by an average annual rate of 1.74 per cent over the same period.“The upshot of this has been slow and low growth in the Gross Domestic Product (GDP), and literal stagnation in the GDP per capita, or the standard of living for most Jamaicans,” the Minister said.He emphasized that it is important to note that Jamaica is not the only country in the region that is so affected.The Minister said that the tri-partite movement of Labour, Management and Government have a crucial role to play regionally in going forward, in reversing productivity decline and accelerating economic growth. Mr. Kellier added that as globalization deepens, improvements in productivity will become increasingly important to competitiveness and integration into the global economy.Meanwhile, President of the JEF, David Wan, said the Convention and Expo come at a very opportune time for the government, private sector and the country as a whole.He expressed the view that against the background of the recently signed deal between the International Monetary Fund (IMF) and the government, both private and public sectors will have to become much more efficient.“We will have to do more with less, and a large part of this is optimizing the human talent we have in place,” Mr. Wan said.The three-day event is being held under the theme: ‘Energize for action….our cause…our call’.By Bryan Miller, JIS Reporterlast_img read more

Kings Of Leon And Pearl Jam Give Back To Sandy Hook

first_imgAlmost one year ago, a horrific shooting rampage in Newtown, CT took the lives of 20 first-graders and six educators at Sandy Hook Elementary School.This week, Kings Of Leon, Pearl Jam, Tim McGraw, Nick Offerman, Zachary Quinto and more have united with online charity auction site Charitybuzz to raise funds and awareness for Sandy Hook Promise, an organization founded by parents and spouses who lost loved ones in the tragic mass shooting.The national nonprofit led by community members works to honor all victims of Sandy Hook by preventing the causes of gun violence and helping the local community cope with the lasting effects of the tragedy. Find out more about the charity here.The Sandy Hook Promise online auction is open for bidding through Tuesday, December 17th at www.Charitybuzz.com/SandyHook.Auction highlights include: • Lunch with Nick Offerman on the set of Parks and Recreation in Los Angeles • A Fender Guitar signed by Pearl Jam and a copy of their set list from the concert • Meet Kings of Leon at their concert at Mohegan Sun Arena in Uncasville, CT • Enjoy a set visit to Modern Family in Los Angeles • Meet Zachary Quinto at a performance of The Glass Menagerie on Broadway, with two premium seats • Enjoy an exclusive tour of the Facebook Silicon Valley Campus • Enjoy a taping and cocktails at Bravo’s Watch What Happens Live! with Andy Cohen in NYC • A round of golf with Joe LaCava, caddy for Tiger Woods, at Newtown Country Club • Tickets to a taping of NBC’s The Voice season 6 in Los Angeles • A Taylor Guitar signed by Tim McGraw • and more!last_img read more

Bahamas Rake n Scrape group set to steal the show in Folklore

first_img Bahamian heads up Sister Cities International for Bahamas and Caribbean Related Items:#700partnersbahamas, #folkfairwisconsin, #GingerMoxey Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppWisconsin, Milwaukee, USA – November 16, 2017 – HAPPENING NOWis rehearsal for Rake n Scrape group which is set to perform during the Holiday Folk Fair in Wisconsin at the Wisconsin Exposition Center located at the city’s State Fair Park.Thousands attend the fair each year, it is a five day event aimed at encouraging peace and is billed as the largest indoor multicultural festival in America. The Bahamas Rake n Scrape group is largely made up of Cat Islanders, in fact six of the group’s members hail from Cat Island and Cleophas Webb, of Grand Bahama is leader. The Rake n Scrape group boasts four dancers and three musicians.Ginger Moxey, founder of 700 Partners Non-Profit Organization and Bahamas Representative for the International Council of Organization of Folklore Festival and Folk Arts told us the group will give 15 performances over three days.Today, Wisconsin media were thrilled at hearing and meeting the group. The Bahamas reportedly stole the spotlight as journalists enjoyed their hands on experience with instruments that make up the distinctive Rake n Scrape sound, and learned a few steps of authentic Rake n Scrape dancing.Among the sponsors of the expedition are MP for Cat Island, Phillip Davis who chartered a flight for the Cat Island participants into Nassau; the Grand Bahama Port Authority, Investment Facility & Financing Ltd and Immerse Bahamas Ltd which together supported travel arrangements for the Grand Bahama delegation and the International Institute of Milwaukee which ‘graciously sponsored tickets for the Cat Island delegation from Nassau to Milwaukee.’Ginger Moxey said the Holiday Folk Fair provides ample exposure and interaction with other cultures from around the world; ideal for The Bahamas.  Ms. Moxey also explained that the Bahamas’ delegation is excited and eager, despite the 20° and 30° temperatures, to give a show stopping performance, reflecting the richness of our culture.center_img Recommended for you Grand Bahamian among those on PLP Constitutional Committee, new leader readying for 2022 Electionslast_img read more

Calabria Higuain is AC Milans Ronaldo

first_imgAC Milan full-back Davide Calabria has risen to Gonzalo Higuain’s defence following his recent struggles by claiming that he’s “our Cristiano Ronaldo”The Argentine striker joined Milan last summer on a season-long loan deal after finding himself surplus to requirements at Juventus due to Ronaldo’s blockbuster arrival from Real Madrid.But things at the San Siro haven’t got off to the smoothest of starts for Higuain with just six goals in 15 Serie A games this term.This has led to reports of a move to Chelsea in this month’s transfer window with Milan allegedly unwilling to continue paying Higuain’s salary and the €40m buy option for next season.Calabria, on the other hand though, is convinced Higuain remains a key part for Milan and described what he brings to the team.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“I told my agent that I’d never seen a striker like Higuain. He’s very good and always done well wherever he’s played,” Calabria told GazzaNet.“Is there a problem with him? No, there isn’t. He’s having a tough time, which can happen, but he’s our Cristiano Ronaldo, given us prestige and something more to the team in general terms.“He’s won a lot and he has so much experience.”Milan will take on Higuain’s parent club Juventus in the Supercoppa Italiana next Wednesday.last_img read more

Wedding dress exhibit coming to Womens Museum of California

first_img Ginger Jeffries Posted: May 19, 2018 Wedding dress exhibit coming to Women’s Museum of California Categories: Good Morning San Diego, Local San Diego News FacebookTwitter May 19, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsGinger Jeffries sat down in studio with Diane Peabody Straw from Women’s Museum of California. They discussed the museum’s upcoming exhibit, The Big White Dress Exhibit, which features wedding gowns from different time periods and their history. Ginger Jeffries, last_img read more

Mega Millions jackpot reaches 1 billion as drawing nears

first_img DES MOINES, Iowa (AP) – The Mega Millions jackpot has soared to $1 billion, as the second-largest lottery prize in U.S. lottery history gets even bigger.Lottery officials increased the grand prize just hours ahead of the Friday night drawing. The prize climbed from $970 million.Although the jackpot keeps increasing , the odds of winning remain stuck at a miserable one in 302.5 million.The prize has grown so large because no one has hit the jackpot since July 24, when a group in California won $543 million.The $1 billion prize refers to the annuity option. Most winners opt for cash, which for Friday night’s drawing would be $565 million.Officials say that if there isn’t a winner, the prize for Tuesday night’s drawing would be $1.6 billion, tying the largest U.S. lottery prize. KUSI Newsroom October 19, 2018 Posted: October 19, 2018 KUSI Newsroom, Mega Millions jackpot reaches $1 billion as drawing nears Categories: Local San Diego News, Trending FacebookTwitterlast_img read more

Sheriffs deputy sentenced for groping teenage girl

first_img Posted: October 31, 2018 Ashlie Rodriguez 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsVISTA (KUSI) — A 33-year-old sheriff’s deputy who groped a teenage girl while standing behind her in a Vista fast-food restaurant line was sentenced Wednesday to a year in jail and ordered to register as a sex offender for life.Timothy Nathaniel Wilson Jr., who was also placed on five years probation and ordered to stay away from the victim for 10 years, pleaded guilty earlier this month to committing a lewd act with a 14-year-old child and unlawfully taking computer data.Vista Superior Court Judge Daniel Goldstein imposed the sentence called for under the plea deal. But he indicated the defendant’s act of using his unique username and password to log into a sheriff’s department database to access information on the investigation was an egregious offense that warranted a prison commitment, according to the District Attorney’s Office.Wilson, a 10-year department veteran assigned to detentions enforcement at the Vista Jail, was arrested at work on May 18.Authorities said Wilson fondled the 14-year-old’s buttocks about 7 p.m. March 21 while in line at Panda Express on Main Street, near South Santa Fe Avenue.A surveillance system at the restaurant captured video of the perpetrator, who hurried out of the business and fled in a black sedan.In early May, another sheriff’s department employee reported that Wilson possibly was the man in the security camera images, which was subsequently confirmed. Ashlie Rodriguez, Sheriff’s deputy sentenced for groping teenage girl October 31, 2018 Categories: Local San Diego News FacebookTwitterlast_img read more

Studio Ghibli theme park coming to Japan reports say

first_img See It Read Google Home Hub review Galaxy’s Edge from every angle: We take you along for… Rylo 5.8K 360 Video Camera: $250 (save $250) $59 at eBay Mentioned Above Apple iPhone XS (64GB, space gray) Post a comment Other Labor Day sales you should check out Best Buy: In addition to some pretty solid MacBook deals that have been running for about a week already, Best Buy is offering up to 40% off major appliances like washers, dryers and stoves. There are also gift cards available with the purchase of select appliances. See it at Best BuyDell: Through Aug. 28, Dell is offering an extra 12% off various laptops, desktops and electronics. And check back starting Aug. 29 for a big batch of Labor Day doorbusters. See it at DellGlassesUSA: Aug. 29 – Sept. 3 only, you can save 65% on all frames with promo code labor65. See it at GlassesUSALenovo: The tech company is offering a large assortment of deals and doorbusters through Labor Day, with the promise of up to 56% off certain items — including, at this writing, the IdeaPad 730S laptop for $700 (save $300).See it at LenovoLensabl: Want to keep the frames you already love and paid for? Lensabl lets you mail them in for new lenses, based on your prescription. From now through Sept. 2 only, you can save 20% on the blue light-blocking lens option with promo code BLOCKBLUE. See it at LensablSears: Between now and Sept. 7, you can save up to 40% on appliances (plus an additional 10% if you shop online), up to 60% on mattresses, up to 50% on Craftsman products and more. The store is also offering some fairly hefty cashback bonuses. See it at SearsNote: This post was published previously and is continuously updated with new information.CNET’s Cheapskate scours the web for great deals on tech products and much more. For the latest deals and updates, follow the Cheapskate on Facebook and Twitter. Questions about the Cheapskate blog? Find the answers on our FAQ page, and find more great buys on the CNET Deals page. Amazon Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. Rylo $520 at HP Tidal 3-month family subscription: $5.99 (save $54) 0 The Cheapskate $999 Sarah Tew/CNET $999 Share your voice Spotify and most other streaming services rely on compressed audio, which robs the listener of full fidelity. Enter Tidal, the only “major” service that delivers lossless audio — meaning at least on par with CD quality, if not better. Want to see (er, hear) the difference for yourself? Grab this excellent extended trial while you can. It’s just $6 for three months, and it’s good for up to six listeners. $155 at Google Express I thought this might be a mistake, but, no, the weirdly named HP Laptop 15t Value is indeed quite the value at this price. Specs include an Intel Core i7 processor, 12GB of RAM, a 256GB solid-state drive and a 15.6-inch display. However, I strongly recommend paying an extra $50 to upgrade that display to FHD (1,920×1,080), because you’re not likely to be happy with the native 1,366×768 resolution. Studio Ghibli’s Totoro and The Catbus at MCM London Comic Con. Ollie Millington/WireImage/Getty A Studio Ghibli theme park is being built in Japan, reports say.The park, based on the Tokyo anime studio’s films, will be in Expo 2005 Aichi Commemorative Park near Nagoya, according to Variety, and will open in fall 2022.It’s expected to have five themed areas, including Princess Mononoke and Howl’s Moving Castle. My Neighbor Totoro will also be featured in the park, IGN reported. Academy Award-winning film Spirited Away was not mentioned in either report.During a press conference Friday, Studio Ghibli producer Toshio Suzuki reportedly said film creator Hayao Miyazaki is working on the park’s creative side.”[Miyazaki] can’t leave anything up to other people. He’s a meddlesome old man,” Variety reported Suzuki as saying. “[He] is not the type to look on supportively from a distance. He starts in right away with ‘do this’ and ‘don’t do that.'” $261 at Daily Steals via Google Express Read DJI Osmo Action preview The problem with most entry-level laptops: They come with mechanical hard drives. That makes for a mighty slow Windows experience. This Lenovo model features a 128GB solid-state drive, so it should be pretty quick to boot and load software, even with its basic processor. Plus, it has a DVD-burner! That’s not something you see in many modern laptops, especially at this price. Read Lenovo Smart Clock review Culture TV and Movies,I’m shocked — shocked! — to learn that stores are turning Labor Day into an excuse to sell stuff. Wait — no, I’m not. As much as I respect the original intent of the holiday (which became official back in 1894), to most of us, it’s just a bonus day off — one that’s blissfully tacked onto a weekend. So, yeah, stores; go ahead, run your sales. I’m listening. Perhaps unsurprisingly, Labor Day doesn’t bring out bargains to compete with the likes of Black Friday (which will be here before you know it), but there are definitely some sales worth your time.For example:We’ve rounded up the best Labor Day mattress deals.We’ve also gathered the best Labor Day laptop deals at Best Buy.The 2019 Vizio P Series Quantum is back under $999.Be sure to check out Amazon’s roughly three dozen Labor Day deals on TVs and audio. Google Express is having a big sale as well, one that includes deals on game consoles, AirPods, iPhones, laptops and more.Below I’ve rounded up a handful of individual items I consider to be the cream of the crop, followed by a handy reference guide to other Labor Day sales. Keep in mind, of course, that products may sell out at any time, even if the sale itself is still running. Note that CNET may get a share of revenue from the sale of the products featured on this page. Sprint $999 Angela Lang/CNET Formerly known as the Google Home Hub, Google’s Nest Hub packs a wealth of Google Assistant goodness into a 7-inch screen. At $59, this is within a buck of the best price we’ve seen. It lists for $129 and sells elsewhere in the $89-to-$99 range.This is one item of many available as part of eBay’s Labor Day Sale (which, at this writing, doesn’t specifically mention Labor Day, but that’s how it was pitched to us). See at Turo Preview • iPhone XS is the new $1,000 iPhone X Best Buy Sarah Tew/CNET Comments Now playing: Watch this: What’s cooler: A snapshot of a firework exploding in front of you, or full 360-degree video of all the fireworks and all the reactions to seeing them? Oooh, ahhh, indeed. At $250, the compact Rylo dual-lens camera is selling for its lowest price yet. And for an extra $50, you can get the bundle that includes the waterproof housing.This deal runs through Sept. 3; it usually costs $500. 15:04 Turo: Save $30 on any car rentalcenter_img Share your voice Free Echo Dot with an Insignia or Toshiba TV (save $50) See It Lenovo Smart Clock: $59.99 (save $20) Lenovo 130-15AST 15.6-inch laptop: $210 (save $90) Apple iPhone XS Tags $90 at Daily Steals via Google Express Tags Chris Monroe/CNET An Echo Dot makes a fine match for any Fire edition TV, because you can use the latter to say things like, “Alexa, turn on the TV.” Right now, the 24-inch Insignia Fire TV Edition starts at just $100, while the 32-inch Toshiba Fire TV Editions is on sale for $130. Just add any Fire TV Edition to your cart, then add a third-gen Echo Dot, and presto: The latter is free. Turo Turo is kind of like Uber meets Airbnb: You borrow someone’s car, but you do all the driving. I’ve used it many times and found it a great alternative to traditional car-rental services — in part because you get to choose exactly the vehicle you want (not just, say, “midsize”) and in part because you can often do pickup and dropoff right outside baggage claim.Between now and Sept. 1, the first 300 people to check out can get $30 off any Turo rental with promo code LDW30. Read the AirPods review DJI’s answer to GoPro’s action cameras is rugged little model that’s shockproof, dustproof and waterproof down to 11 meters. It normally runs $350, but this deal drops it to $261 when you apply promo code 19LABOR10 at checkout. $299 at Amazon $999 Google Nest Hub: $59 (save $70) See it JBL Soundgear wearable speaker: $90 (save $160) Use promo code 19LABOR10 to get an unusually good deal on JBL’s interesting hybrid product — not quite headphones, and not quite a traditional speaker, but something you wear like neckphones to listen to music on the go. See at Amazon 7 See It $210 at Best Buy Review • iPhone XS review, updated: A few luxury upgrades over the XR DJI Osmo Action camera: $261 (save $89) TVs Speakers Mobile Accessories Cameras Laptops Automobiles Smart Speakers & Displays Sarah Tew/CNET Sarah Tew/CNET Boost Mobile $60 at Best Buy Apple AirPods with Wireless Charging Case: $155 (save $45) CNET may get a commission from retail offers. Though not technically a Labor Day sale, it’s happening during Labor Day sale season — and it’s too good not to share. Nationwide Distributors, via Google Express, has just about the best AirPods deal we’ve seen (when you apply promo code ZBEDWZ at checkout). This is for the second-gen AirPods with the wireless charging case. Can’t imagine these will last long at this price, so if you’re interested, act fast. Read the Rylo camera preview $6 at Tidal HP Laptop 15t Value: $520 (save $780) Recently updated to include digital-photo-frame capabilities, the Lenovo Smart Clock brings Google Assistant goodness to your nightstand. It’s a little smaller than the Amazon Echo Show 5, but also a full $30 less (and tied with Prime Day pricing) during this Best Buy Labor Day sale.last_img read more

Its never been better for home buyers but Budget 2018 can literally

first_imgAnuj Puri is Chairman of ANAROCK Property Consultants. Views are personal. The above graph confirms that a large chunk (67 percent) of unsold inventory to be completed in 2018 will be added in National Capital Region (NCR), Mumbai Metropolitan Region (MMR) and Bangalore.· Over the past few years, NCR – largely an investor-driven market – has been a front-runner a mong the top 7 cities in terms of churning out new residential launches. However, developers’ focus on completions has been minimal. Now, the entire new launch activity seems to have shifted to a slow track due to the combined effect of demonetization, RERA and GST. Among NCR’s many developers, those that had been relying of deceit and misinformation are now having a rough time as the real estate business as a whole re-orients itself to the rebooted market conditions where focus on project execution has become a paramount consideration.· MMR’s real estate market is driven by a good mix of investors and end-users, and has also been flooded with new launches over the past few years. While the many structural changes and policy reforms in the recent past have taken the sheen off the high-end and luxury real estate segment, mid-range and affordable housing projects will remain in focus in MMR for the foreseeable future. With massive growth potential and huge latent demand in the suburbs and peripheral areas, housing requirements in these regions will make a comeback sooner than in other parts of the city.· Bangalore, largely an end-user driven market, has always adjusted as per market guiding circumstances and developers have accordingly restricted new launches to align with realistic absorption potential in such a market. This time around too, Bangalore’s developers are concentrating on completing existing projects rather than adding new ones to the market.In terms of affordability, buyers scouting for ready-to-move-in homes priced below Rs 80 lakh will have a bracing spread of options across the top 7 cities. Overall, buying ready-to-move-in properties in a buyer-favouring markets is always beneficial:· No execution delay· Attractive pricing· Buyers can relocate immediately to save on additional rentals· WYSIWYG (what you see is what you get)The major disruptive structural changes and policy reforms are now behind us. As 2018 begins on the right note of transparency and the right approach by developers, ready-to-move-in homes are indeed the flavour of the season. If Union Budget 2018-19 takes the right direction for the Great Indian Middle-Class, the sales uptick of these properties could be very significant indeed.Anuj Puri Real estate [Representational Image]A whopping 7 lakh residential units had remained unsold across top 7 cities of India at the end of December 2017. Add to this around 1.7 lakh unsold apartments that will be completed in 2018. Does that invoke grim concerns for the Indian real estate sector? Or, is there light at the end of the tunnel? Is the return of a bullish buyer market round the corner? More importantly, how will the upcoming Union Budget 2018 help the expected realty resurgence?  The Indian real estate market is waiting with bated breath to see how it can benefit as the year 2018 unfolds. In fact, it has never been a better time for aspiring homebuyers, as there is a more than generous stock of ready-to-move housing options across most Indian cities.Ready properties are the pièce de résistance of 2018, not least of all because they are the most de-risked purchase proposition, do not attract GST and offer instant gratification. After all, owning a house is the culmination of almost every Indian’s lifetime efforts and aspirations.The sense of security, achievement and social stature linked to home ownership is what has for long been driving the demand for – and supply of – residential developments across India. All major roads, railway stations and airports are flanked by hoardings that advertise real estate projects.With a massive urbanization rate of more than 30 percent (estimated to reach 40 percent by 2030), the demand for homes in India is an assured long-term story in which chapters will continue to unfold. However, due to wavering economic growth, an uncertain job market and rising property prices, residential real estate demand has remained largely subdued over the last few years.Paradoxically, developers continued their protracted project launch spree – leading to a huge unsold inventory pile-up.Due to the structural changes and policy reforms such as demonetization, Real Estate Regulatory Authority (RERA) Bill and Goods and Services Tax (GST), the new launch activity slowed down in 2017. Nevertheless, December 2017 saw more than 7 lakh units remaining unsold across top 7 cities of India.Under the RERA regime, stringent guidelines and financial discipline have now been force-fed into the systems and processes governing the real estate business in India. Unsurprisingly, developers are now focusing on completing existing projects to avoid being entrapped in compliance hassles.This sharp focus on project completion is a blessing for homebuyers. The mammoth unsold inventory has already turned the Indian real estate arena into a strongly buyer-favouring market.Now, at the beginning of 2018, there is a huge opportunity to cherry-pick ready-to-move-in house as around 1.7 lakh unsold units are likely to get completed in this year. With the right kind of boosts to the Indian consumption story, we could see a massive return of buyers who are hoping to snap up ready-to-move homes but need that last decisive ‘last-mile’ incentive push.last_img read more

Qatar takes UAE to UN rights court over boycott

first_imgWoman shops in a supermarket in Doha. Photo: ReutersThe government of Qatar took the United Arab Emirates to the United Nations’ International Court of Justice (ICJ) on Monday, accusing it of human rights violations as a result of a boycott enacted last year.The UAE, Saudi Arabia, Bahrain and Egypt imposed a boycott on Qatar in June 2017, severing diplomatic and transport ties with the tiny, rich state, accusing it of supporting terrorism.Doha denies that and says the pressure is aimed at stripping it of its sovereignty.“As set forth in detail in Qatar’s application to the International Court, the UAE led these actions, which have had a devastating effect on the human rights of Qataris and residents of Qatar,” the government said in a statement.UAE’s minister of state for foreign affairs, Anwar Gargash, in a post on Twitter, dismissed the claims as another of Doha’s “lies.”The Qatari government said the UAE enacted a series of measures that discriminate against Qataris, including expelling them from the UAE, prohibiting them from entering or passing through the UAE, ordering UAE nationals to leave Qatar, and closing UAE airspace and seaports to Qatar.Qatar said it believed the actions were in violation of the International Convention on the Elimination of All Forms of Racial Discrimination (CERD) – including discrimination on the basis of nationality – of which the UAE and Qatar are both signatories.Saudi Arabia, Bahrain and Egypt are not signatories of the CERD convention.The complaint filed by Qatar late on Monday, accuses the United Arab Emirates of discriminating against Qataris in UAE by limiting their freedom of speech and movement, inciting hatred against them, shutting down local offices of Qatar’s state-funded Al Jazeera television station and blocking transmission of Qatari media outlets.Qatar is asking the court to order the UAE to take steps to comply with its obligations under the CERD, ceasing and revoking the measures and restoring the rights of Qataris.It also requested that the UAE make reparations, including compensation, but provided no details of the amount it might be seeking.The court’s registry confirmed late on Monday it received the complaint, the first step in a dispute which the court may hear. The court typically solicits opinions from both sides as to whether it has jurisdiction before considering the merits of a case, a process that often takes years.last_img read more

Chancel Choir 74th Anniversary Celebration

first_imgOn March 20 at 3:30 p.m., the Chancel Choir will celebrate its 74th Anniversary at Bethel A.M.E. Church at 623 Pine Street in Cambridge, Maryland. New Revelations Baptist Church of Cambridge will be in concert with their youth, mass choirs, male chorus and praise dancers. A light dinner will be served and a good will offering appreciated. For more information please contact Jacquelyn Hull at 410.222.8737.last_img

Lorenz Glatz Former Kabel Deutschland chief techno

first_imgLorenz GlatzFormer Kabel Deutschland chief technology officer Lorenz Glatz has joined the board of data analytics specialist Guavus.The company said that Glatz’s appointment is part of its on-going commitment to advance progress for the cable industry, following its strategic investment injection from Liberty Global and the launch of the latest version of Guavus Service Reflex 3, its analytics engine that combines network operations, care operations and field operations.Guavus has also joined the SCTE Standards Programme, where it will collaborate and help shape the future of industry-wide standards for the deployment of network maintenance, service assurance and customer experience management solutions. The company will work with SCTE to ensure that big data analytics products and data assets are available to further initiatives such as the Energy 2020 programme, the Network Operations Subcommittee (NOS) and the Special Working Group on Readiness for DOCSIS 3.1.“I see tremendous promise in Guavus’ products. They have pioneered a new category of service operations analytics that allow enterprises to not only correlate the impact network events have on service quality, but to take action in real-time to positively affect customer experience. This holistic approach, which can be applied to virtually any industry, is exactly what businesses need to compete, grow and succeed in today’s rapidly changing market,” said Glatz.“We are fortunate to have a Board of Industry Advisors that are so effective and engaged and are now privileged to welcome Lorenz to the team,” said Anukool Lakhina, CEO and founder of Guavus.“His expertise and guidance will be instrumental as we continue to extend into new markets around the world and to pioneer new products that allow the cable industry to exceed customer expectations across multiple channels, increase profits and rapidly bring new offerings to market.”last_img read more