Home Sales Surge to a New Record in 2023
Heightened activity in the mid-income, premium and luxury segment despite higher mortgage rates drive the demand. Mumbai: The demand for residential properties and its conversion into into sales across the country’s top eight cities has scaled an all-time high in 2023 led by heightened activity in the mid-income, premium and luxury segment despite higher mortgage […]
Housing Affordability Sees Improvement Across Cities
Rise in income levels and favourable macro-economic indicators key factors. Mumbai: Affordability of housing in India’s major property markets has improved in 2023, thanks to a consistent rise in income levels and favourable macro-economic indicators. Despite mortgage rates staying firm in the past one year, the affordability level- the income proportion needed to cover monthly […]
India Inc Sets Up Transformation Offices to Guide Complex Projects
Move aimed to manage big projects involving multiple consulting cos Jai: Companies are increasingly setting up dedicated in-house transformation offices to effectively manage large-scale trans- formation projects involving multiple consulting firms, given the growing complexity and multifaceted nature of consulting assignments, said industry executives. In 2023, they said, there have been more than two dozen […]
Fifteen overbridges in Indore next year
Indore Special Representative. About 15 new bridges will be built in the city by the end of 2024. Some are being built, some are in the planning. With their construction, the city can get some relief from the traffic problem. Indore Development Authority (IDA), PWD and Madhya Pradesh Road Development Corporation (MPRDC) have taken up […]
Phuti Kothi overbridge worth Rs 55 crore is being built at the fastest speed
However, the authority has decided to construct 11 overbridges in the near future, out of which 4 overbridges have already been started. These days, the work of the overbridge being built at Burti Kothi intersection is going on at the fastest pace. This 625 meter long and 6 lane overbridge is being built by spending […]
Godrej Prop Eyes ₹3kcr Top Line from New Project
NEW DELHI Realty firm Godrej Properties will soon launch a luxury housing project in Gurugram with an estimated revenue potential of around 3,000 crore as it seeks to encash a rise in demand for premium residential properties. The company will develop nearly 750 apartments in a 9.5-acre housing project ‘Godrej Aristocrat located at Sector 49 […]
Property Values in Top Cities See Highest Appreciation in a Decade
Home prices up 10-15% on low inventory, increased buyer interest and rising rental costs, shows report. Bengaluru: Residential property values in the country’s top six cities increased by 10-15% in 2023, mar- king the highest capital appreciation rates in a decade, driven by low inventory increased buyer interest, and rising rental costs, ac- cording to […]
‘Housing Affordability may Improve Next Yr’
Likely 60-80 bps repo cut next year may keep prices at comfortable levels: JLL India study. Mumbai: The affordability for ho me purchases is expected to improve for the better in 2024, based on the expectation of a 60-80 basis point repo rate cut during the year. This is expected to keep buyers’ affordability within […]
Air India Leases Around 6.2 L sq ft in Gurugram for Training Centre
New Delhi: Tata-owned Air India has leased about 6,20,000 square fe- et space in Gurugram’s Sector 75 for its training center. The airline will pay an annual rental of about 60 crore, and it has leased the property for a period of 21 years, said people close to the development. They said the developer will […]
New colonies and townships of Sanchi will also come under the ambit of Sanchi milk in Indore.
Convenience • Outlets will also be opened in the outer areas of the city, 45 retail counters are running. Now new colonies and townships on the outskirts of the city will also come under the ambit of Sanchi Milk. Indore Milk Union is going to appoint super stockists for the next three years for distribution […]
