Word: indias
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...onus should not fall on the U.S. alone, however. One reason why Pakistan is hesitant to mobilize its army is due to fears of backlash from its bordering country, India. Tensions in Kashmir, simmering for decades, will not be resolved overnight. But considering the urgency of the crisis in Pakistan, a moratorium on troop deployment to the Kashmir region should be an immediate priority. Improbable as it is, the Indian government should supply some foreign aid to Pakistan to aid in its attempts at a change of policy...
...Bargain-basement housing is a departure for Tata, which previously has developed luxury apartments costing upwards of $220,000, along with office complexes and shopping malls. The property company is planning to build 4,000 of the low-cost homes across India over the next four years. Projects near Bangalore in the south and Gurgaon in the north are the next destinations...
...masses, the homes are geared for the hundreds of millions of Indians making less than $5,000 a year who are unable to afford decent dwellings. "We have realized that there is an opportunity at the bottom of the pyramid," says Brotin Banerjee, CEO of Tata Housing Development. (Read "India's Top Automaker, Tata Motors, Hits a Rough Patch...
...Tata officials say they expect demand to be strong, even though India's once-booming real estate market has been deflated by a slowing economy and the global credit crunch. India has a shortage of 24.7 million dwellings in its major cities, according to a recent joint study by McKinsey and the Federation of Indian Chambers of Commerce. Housing shortfalls are exacerbated by migrant workers streaming into many cities who are forced to live in slums made up of shanties lacking basic amenities like sanitation and running water. Roughly 70% of India's 1.2 billion people live on less than...
...With the high end of the property market in a downturn, other developers such as Unitech, Puravankara and Ansals are now eyeing low-income housing. ICICI Ventures, the venture funding arm for India's largest private bank, has a project underway in Pune. The apartments, which come in 450 sq. ft. and 800 sq. ft. versions, are priced...