Word: shukla
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...crisis). Now economic activity may shrink as part of a global slowdown. The country's growth estimates of 9% at the beginning of the year have been revised to well below 7%, and the effect is directly visible in the realty sector. "No one's buying anymore," says Ashwani Shukla of New Delhi-based Triveni Associates. "Two years ago, 25-year-olds earning fat pay packets from [multinational corporations] were buying high-end apartments. Now there are no takers for flats selling at 20% markdowns. Estate agents are finding it difficult to even meet daily overheads...
...Shukla himself has branched out of real estate. He started selling insurance six months back "to pay the bills," he says. According to various estimates, sales in cities like Mumbai and Chennai are down 30% to 40%. Hoping to induce buyers during Diwali, realtors are advertising cash discounts of 5% to 10% for down payments, and as much as 25% discounts if buyers are willing to wait two to three years before taking possession of the property. "But there is no liquidity with the end user," says Arvind Nandan, director of consultancy at real estate company Cushman & Wakefield India. "Home...
...Shukla says if the situation does not improve, there could be distress sales within the next six months. The realty sector was heading for a cyclical slowdown even before the current economic slump. Over the past few years, increasing demand had pushed up prices, with speculators jumping in to further inflate the market. Eventually, inventory piled up when buyers refused to pay unrealistically high prices. "So many transactions were taking place between speculators and investors that no one bothered to find out what the end user, the family who would eventually live in the house, would be willing and able...
Indeed, a common thread among a cappella singers is that they participate more for themselves than any audience. “Making the music is more important to me than having the music received,” Shukla explains. “Everyone wants to be able to express themselves—more so than they want to feel the self-actualization of showing up on stage and having people clap for them...
...like it,” says Shukla. “But I don’t think it’s an end-all. I don’t think that a cappella is like, the pinnacle of musicality at Harvard. But I do think it?...