Noida: Buyers protest non-delivery of Amrapali flats

Amrapali buyers protest

Hundreds of buyers of Amrapali housing on Sunday took to the streets in Noida to protest against the non-delivery of flats by the builder.

Amrapali buyers have been waiting for their flats, having invested their lifelong savings, for almost 10 years.

The buyers now want the prime minister to interfere in the matter and have also written a letter to Finance Minister Arun Jaitley. They have requested Jaitley to create stress fund under some mechanism relevant to housing finance institutions like the Last-in First-Out Model so that construction by the NBCC can be started immediately.

India Today TV accessed the copy of the letter in which Amrapali home buyers urged the finance minister to direct RBI to issue specific guidelines for the real estate and construction sector so that the RBI circular related to ‘Revised framework for resolution of stressed assets’ dated February 12, 2018, does not create a challenge to additional funding to projects under implementation.

The buyers demanded that the government should provide funds to the NBCC to complete unfinished projects and should also provide reliefs from their bank loan, which they took to buy flats. The demand to send the directors of Amrapali group to jail was also put forward and they suggested that the authorities should take over charge on incomplete buildings.

Kaushal, a buyer said, “We have been hoping that the government would take over the project or provide funds to the NBCC to complete it but as we are left with no option other than protests, we will intensify our fight for right and will stage a protest outside the Parliament after 15 days.”

The Supreme Court has already ordered the Debts Recovery Tribunal to auction the unencumbered properties of the Amrapali group to arrange funds to start the construction.


Real Estate Math: How To Tell If An Investment Property Is A Good Buy

Photocredit: GettyGetty

The question on every new investor’s mind is simple: how do you know if an investment property will be profitable? Lucily, there are two easy formulas you can use to determine if an investment property is a good buy, financially. We’ve laid them out below. Read them over and take them to heart so that you have them at your disposal when you’re ready to make a move.

The One-Percent Rule

When you start looking at investment properties, you’ll likely have plenty of options to choose from. Rather than being a complicated equation, the one-percent rule is simply a rule of thumb that investors use to help them narrow down their options quickly and efficiently. It’s a tool that you can use to determine if a property deserves a closer look.

All the one-percent rule says is that a property should rent for one-percent or more of its total upfront cost.

For example:

  • A property that costs $100,000 should rent for at least $1,000 per month
  • A property that costs $200,000 should rent for at least $2,000 per month
  • A property that costs $300,000 should rent for at least $3,000 per month

Keep in mind that this rule looks at a property’s total upfront cost, meaning that you’ll have to add together the purchase price, plus closing costs, and an estimate of the total repair costs necessary to make it rentable.


Samsung Notebook 9 Pen (2019) With Improved S Pen, Bigger Battery Launched: Price, Specifications, Features

Samsung Notebook 9 Pen (2019) With Improved S Pen, Bigger Battery Launched: Price, Specifications, Features

Samsung on Thursday announced the launch of its latest Notebook 9 Pen range of convertible laptops. The 13-inch Samsung Notebook 9 Pen (2019) model has been refreshed with an improved S Pen and slightly tweaked specifications including a significantly bigger battery cell. The range gets a new, larger 15-inch model for users who prefer more real estate. Let’s check out the specifications, features, and availability details of the new Samsung Notebook 9 Pen (2019). Both variants in the range run Windows 10 out-of-the-box.

Samsung Notebook 9 Pen (2019) price, availability

Samsung Notebook 9 Pen (2019) pricing has not been revealed by the South Korean manufacturer yet. Both models will be available in South Korea from December 14. Availability will expand to Brazil, China, Hong Kong, and the US starting in “early 2019”.

Samsung Notebook 9 Pen (2019) features

The new Notebook 9 Pen sports an all-metal aluminium frame, and has been launched in Ocean Blue and Platinum White colour variants. The improved S Pen is claimed to offer reduced latency up to 2x that of the older model, launched about a year ago. Users can download the Myscript Nebo app for a free three-month trial when purchasing the Samsung Notebook 9 Pen (2019).

Samsung Notebook 9 Pen (2019) specifications

The Notebook 9 Pen (2019) has been launched in 13.3-inch and 15-inch display variants, both with a full-HD resolution. The new 2-in-1 notebook is powered by Intel’s 8th-generation Core i7 processor, coupled with Intel UHD graphics/ Nvidia GeForce MX150 (2GB), 16GB LPDDR3 RAM, and 512GB PCIe NVMe SSD.

Connectivity ports on the Notebook 9 Pen (2019) include 2x Thunderbolt 3 ports, 1x USB Type-C port, a headphone/mic combo jack, and a UFS/microSD card combo jack. Other connectivity options include gigabit 2X2 Wi-Fi 802.11ac, facial recognition, fingerprint recognition, and an HD IR front-facing camera. The AKG stereo speakers are tuned with ThunderAmp audio technology. Other features include a backlit keyboard and built-in S Pen.

Dimensions of the Notebook 9 Pen (2019) 13.3-inch variant are 307.9×206.2×14.9-15.9mm and those of the 15-inch model are 347.9×229.x16.9 mm. The former weighs 1.12kg and the latter weighs in at 1.56kg. Both get a aluminium shell, with a 54Wh battery cell under the hood (fast charging support).


2019 BMW X7 Unveiled

2019 BMW X7 Unveiled View Photos

“It’s massive,” is the first thing you will say when you look at the 2019 BMW X7 SUV, the new flagship crossover from the German automaker. The new BMW X7 is about 9 inches longer than the X6 and just three inches shorter than the standard wheelbase 7 Series. It is also the first SUV in the BMW line-up to get three rows of seats, making it the most practical offering yet from the company. Keeping up with the big theme, the new X7 gets the largest kidney grille yet on a BMW model, and boy is it big! The X7 will be competing with the likes of the Mercedes-Benz GLS, Range Rover, Toyota Land Cruiser, Audi Q7 and the likes.


Priyanka Chopra changes name to Priyanka Chopra Jonas on social media

Priyanka Chopra has changed her name on Instagram to Priyanka Chopra Jonas.

Priyanka Chopra has changed her name on Instagram to Priyanka Chopra Jonas.

Priyanka Chopra and Nick Jonas continue to melt millions of hearts around the globe with their adorable photos from their dreamy Jodhpur wedding. The stunning couple married on December 1 and 2, and solemnised their relationship with two ceremonies, keeping in mind each other’s faiths.

Priyanka has now changed her name on her Instagram handle, to Priyanka Chopra Jonas. There were several hints that she might, as before her wedding, Sky is Pink crew had surprised her with a cake, that had PCJ on it.


Jerod Smith: Health care crisis? There’s an APP for that

Dr. Gene Battistella ( “Pending bills could impact patient care in Pa.,” Oct. 3, TribLIVE) maintains that the number of clinical training hours for nurse practitioners and physician assistants directly influences a patient’s outcome. This is not true. Studies have compared the practice patterns of nurse practitioners with those of physicians and determined that nurse practitioners performed as well as physicians in all areas of primary care delivery and patient outcomes.

The Federal Trade Commission states that “a growing body of evidence suggests that APRNs (nurses with at least a master’s degree in nursing) can, based on their education and training, safely perform many of the same procedures and services provided by physicians.” I have personally observed that quality education and superior mentors produce excellent professionals in the field.

Battistella anticipates an increase in opioid prescriptions if nurse practitioners and physician assistants gain independent full-practice authority. He forgets that all providers must follow prescription guidelines or risk both losing professional licensing status and facing criminal charges.

He urged lawmakers to “take a step back and consider the unintended consequences that these proposals would have on their constituents.” In response, I say, “I’ve got an APP for that.”

Unfortunately, the current health care environment fails to recognize the value of advanced practice providers (APPs), and this results in underutilization. For our health care system to become not only efficient but also effective, it needs to be intellectually honest concerning the benefits that such providers offer.

American life has adapted to the changing health care environment and, were it not for the polarized fight over health care, the use of APPs would have kept pace as well. Throughout the national debate, two situations have remained constant: the shortage of primary care physicians and an underutilization of APPs.

The United States has nearly 250,000 licensed nurse practitioners and almost 125,000 licensed physician assistants. If properly utilized, the solution to the health care crisis already exists.

The challenge is for APPs to clarify the quality of the care and recognize the scope of the specialties within the profession, thus optimizing the value that an APP provides. By implementing reliable standard measurements, APPs can be a beneficial part of the solution.

The midterm elections made it clear that health care is a major concern. There is general agreement that a successful health care system must have universality, quality and affordability. Properly utilized, advanced practice providers can be the key to having all three. Allow APP programs to grow through clinical experience, mentorship and increased collaboration with physicians, as well as increased autonomy, and what will emerge will be step one in neutralizing the primary care physician shortage.


Retail outlets using telehealth pose significant privacy, policy concerns for health care

A significant shift in the health care market is well underway, with various insurers, medical groups, vendors and supply chains pursuing acquisitions and mergers to expand their services, and retail outlets, from Walmart and Amazon to Rite-Aid and Albertsons, delivering health care services, including telehealth.

But do current policies adequately protect patient privacy and anticipate the capabilities of artificial intelligence and other rapidly advancing technologies? And do retailers who are rapidly expanding into traditional health care markets have significant advantages in terms of access to data over current health care organizations?

Telehealth leaders at UC Davis School of Medicine and Harvard Medical School say more needs to be done and that HIPAA, net neutrality and other policies need to be re-evaluated and updated to offer the appropriate guidance.

The researchers explore these and other policy issues in a study published in the December issue of Health Affairs. They also will present the findings at a news briefing/webcast at the National Press Club in Washington, D.C., Dec. 4, 2018 at 10:30 a.m.

“Retail outlets using telehealth have unique advantages and opportunities for delivering convenient care to consumers,” said Keisuke (pronounced kes-kay) Nakagawa, a postdoctoral scholar in the Department of Psychiatry and Behavioral Sciences at UC Davis Health and first author of the study. “But it is important to monitor developments and consolidations in the health care market to ensure our policies are well-designed, relevant and anticipate future applications of telehealth.”

While Nakagawa is in support of innovative technologies in health care, a new world is emerging with smartphones, wireless internet and smart-home devices improving access, and collecting and storing unique data, from video and audio to text and biological measurements.

With the majority of telehealth consultations occurring in the home, sessions offered through smart home devices could create a channel where both consumer and health care data flow seamlessly through one device back to a commercial retailer.

Peter Yellowlees, professor of psychiatry and senior author on the study, raises concerns about the lack of policies to guide the health care industry and the general public about the potential convergence of personal health information (PHI) with non-PHI data.

“Retail outlets have access to a wealth of consumer data, and health care organizations have access to medical data,” Yellowlees said. “While some convergence is already happening through data brokers selling consumer data to health care organizations, the precision, granularity and flexibility to analyze the data could be much more significant when retail organizations have access to both health care and retail-data sources directly.”

The study has no external funding. Researchers conducted the study as leaders in academic medicine and telehealth. Joseph Kvedar, vice president for connected health, Partners HealthCare and a professor of dermatology at Harvard Medical School is a co-author of the study.


3 directors of real estate firm arrested for cheating

Representative image

Three directors of a real estate firm were arrested for allegedly diverting Rs 191 crore invested by homes buyers into its other projects and not delivering houses, an official said on December 1.  They were arrested by the by the Delhi Police’s Economic Offences Wing (EOW).

Hacienda Projects Pvt Ltd directors Surpreet Singh Suri, Vidur Bhardwaj and Nirmal Singh have been booked for cheating, criminal conspiracy and criminal breach of trust. They have been arrested, police said.

Based on a complaint, a case has been registered against the accused persons for not delivering the flats in a housing project named Lotus 300 in Noida 107, a senior police officer said.

Complainants in the case had alleged that the project that was to be developed by Hacienda Projects, the official said.

The project was supposed to be delivered within 39 months from the date of allotment letter. However, the houses were not delivered, the senior officer said.

Police said the firm had allegedly represented and warranted that the project will only have 300 apartments, but on a later date got plan changes from the Noida authority with mala fide intentions.

The number of apartment was increased from 300 to 336 in this project which is a violation of the terms of the Uttar Pradesh Apartment (Promotion of Construction, Ownership and Maintenance Act 2010), the senior police officer said.

Police said the project has six towers and all of it have been erected but the project has not been completed yet.

There are more than 50 victims mentioned in the FIR and the alleged company had received an amount of Rs 100 crore from the complainants, police said.
There are 328 investors and the company had received the amount to a tune of Rs 636 crore, out of which, Rs 191 crore have been diverted by the company into its subsidiary companies, police said.


Former Instagram CEO: Policing social media is important to the future of the world

Instagram CEO Kevin Systrom speaks at Facebook's corporate headquarters during a media event in Menlo Park, California on June 20, 2013, where Facebook announced the introduction of video for Instagram. 

Josh Edelson | AFP | Getty Images
Instagram CEO Kevin Systrom speaks at Facebook’s corporate headquarters during a media event in Menlo Park, California on June 20, 2013, where Facebook announced the introduction of video for Instagram.

Instagram co-founder and former CEO Kevin Systrom said it is important for the future of the world that social media companies be policed well and seriously address the issues of misinformation and harassment on their services.

Systrom said Russian meddling in U.S. elections and the exploitation of Facebook user data by Cambridge Analytica have highlighted just how big social media companies have become and the implications of their reach.

“You start to realize … how important it’s going to be for the future of the world that we police these things well, that we take it very seriously and put real resources against solving the problems now that you’re at this scale,” said Systrom, speaking Tuesday evening at the WSJ Tech D.LIVE conference in Laguna Beach, California.

Systrom, who left his role at Facebook as head of Instagram in September, did not call for the regulation of social services, but he did highlight anti-bullying features built by Instagram under his tenure as examples of the necessary policing. Those features include letting users turn off comments on their posts and using machine learning filters to stop bullying.

“We’re on a steep curve here,” said Systrom, adding that he’s bullish that social media companies will be able to solve these issues. “That’s not to say that it won’t be without its challenges.”

In particular, Systrom highlighted “deepfakes,” which are highly-believable doctored videos that are beginning to make their way onto social services. This emerging type of fake content will be among the next set of problems social media companies will have to contend with, he said.

“It’s getting on the margin of real,” Systrom said. “In an era when you can distribute information widely to the world very, very quickly and amplify it, what happens when you think some political figure said something they didn’t?”

Since leaving Facebook alongside his Instagram Co-founder Mike Krieger, Systrom has not shared many details about his reason for leaving. At another conference in October, Systrom said that “no one ever leaves a job because everything’s awesome.”


Aditya Birla Real Estate Fund’s fund blues

g_111057_real_estate_fund_280x210.jpgIllustration: Sameer Pawar

The year was 2009. Indian real estate was in a shambles, as were real estate private equity funds, especially foreign ones, which provided an opportunity for homegrown firms to launch their funds. One of them was the Aditya Birla Group-backed Aditya Birla Real Estate Fund (ABREF).

In 2010, ABREF raised ₹1,056 crore; but in August 2018, when the fund’s lifecycle came to a close, it was yet to exit most of its investments or return even the principal amount.

ABREF was raised by Aditya Birla Sun Life AMC Ltd, previously known as Birla Sun Life Asset Management Co Ltd. The fund’s documents show that it was primarily raised on the assumption that demand for residential realty would reach 7.5 million units by 2013, led by Mumbai, Bengaluru and Hyderabad.

By 2015, the fund had invested 44 percent of its capital in Mumbai and 28 percent each in the National Capital Region (NCR) and Chennai. It had a mandate to invest in equity, equity-related and debt instruments of companies engaged in construction and development of real estate assets, including residential, commercial, retail and other projects. It, however, invested only in residential projects.

Ironically, though, even as the fund’s private placement document says “residential realty—the juicy bit”, there is no juice for the investors of this fund.

According to documents accessed by Forbes India, ABREF’s life tenure was six years, with two one-year extensions, which ended this August. It was a close-ended fund, meaning the capital had to be returned by the end of its life. In August, ABREF notified its investors that due to the global financial crisis and subdued real estate markets, coupled with a liquidity crunch, the fund had been unable to liquidate its position and return capital to investors. And that they were seeking an extension.