Repo Rate Pause, Growth Outlook to Keep Housing Sales Momentum Steady
Analysts predict a potential rate cut later in the year, further boosting housing demand across segments. Mumbai: The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 6.5% for the seventh straight review mee- ting and expansive economic growth outlook, is expected to support stable growth momentum in the housing property market. […]
Outer Ring Road; Work will start in 2 months, 11 flyovers will be built, will pass through 4 rivers, traffic load of ring road and bypass will reduce.
The work on the 140 kilometer long and 80 meter wide six lane outer ring road will start in two months. NHAI (National Highway Authority of India) will build it. According to the detailed survey, land from villages of Indore, Dhar and Dewas districts will be acquired. Outer Ring Road will prove to be very […]
Swamih, Nisus Fin Infuse ₹465 cr into Hyderabad Projects
Mumbai: The Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH) and realty credit fund Nisus Fi- nance have together invested a total over 465 crore across two Hyderabad projects of Aliens Developers. SWAMIH, the state-backed and SBICAP Ventures-managed last- mile financing platform created to give traction to stalled hou- sing. […]
Development gained momentum – 255 elevators and escalators will be installed at metro stations.
The metro project is being implemented rapidly. For this, work is also being handed over to the concerned contractor firms. Recently, tenders related to drawing, design, security and other works including fare collection system were approved. Similarly, elevators and escalators are to be installed at metro stations. For this, the contract has been given to […]
We Work India Leases 1.3L sq ft Space in Chennai
Coworking major We Work India on Tuesday said it has entered Chennai market and has taken on lease 1.3 lakh square feet of office space in Chennai to open a new Centre with a capacity of 2,000 desks. In a statement, Bengaluru-based We Work India said, it has taken on lease over 1,30,000 square feet […]
MNCs’ India-facing Ops and GCCs Drive Office Demand
OFFICE SPACE RENTAL GROWTH Mumbai: India-facing businesses of multinational companies and global capability centres (GCCs) have driven the demand and absorption of office spaces, helping rental growth and reducing vacancies of commercial properties across the country in the first quarter of 2024. Building upon the robust performance observed throughout 2023, the market has sustained the […]
Co-working Space Operators Emerge 2nd-largest in Office Leasing for First Time in Q4
New Delhi: Flexible space operators have emerged as the second- largest sector in the office space leasing for the first time during the January-March quarter as large operators continue to take up space the fulfill the growing demand from global corporates. According to CBRE data, of the total 14.4 million sq ft leased in the […]
Tech in property: Customers of online property deals increased by 43%, companies will invest Rs 1000 crore on AI, machine learning, blockchain.
Bhaskar Swas • Startups will change the face of real estate market, business will be worth Rs 8 lakh crore in 6 years. Under special contract with Dainik Bhaskar Bengaluru The trend of online property deals in India will increase rapidly in the next few years. With the help of technologies like AI, machine learning […]
‘Accor Should have IK Hotels in India’
French hotel chain to open more luxe hotels in country, target no.1 position, says exec. New Delhi: India should expect to see more luxury hotels of brands such as Fairmont, Raffles and Sofitel in the years ahead besides hotels of other brands from Accor’s luxury and lifestyle division, said Sébastien Bazin, group chairman and CEO […]
EPIC Designers Buys Land in Odisha to Set Up *220-cr Mfg Unit
Bengaluru: EPIC Designers, a sustainable fashion company based in Hong Kong, has recently ac quired 40 acres of land to set up ita manufacturing unit in Bhubanes war, Odisha, valued at around 220 crore. The proposed manufacturing unit will come up at the IDCO Industrial Estate and aims to sup port the company’s future business […]
