Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
Hiring demand for the month of October 2021, witnessed a dip of 3 per cent, as compared to September 2021. However, job demand grew 9 per cent sequentially in the past six months showing an optimistic outlook to recovery, said the Monster Employment Index. There has also been a strong year-on-year recovery with a 9 per cent uptick in October 2021 (Oct 2021 vs Oct 2020).
Heavy rains that lashed the national capital on Wednesday morning led to waterlogging and traffic snarls in many parts of the city, including the Minto Road railway underpass, while several low-lying areas were submerged.
Housing prices have risen the most in the Delhi-NCR market during January-March quarter at an average 20 per cent among the seven major cities.
These unicorns, or startups valued at over USD 1 billion, are across industries, beyond technology and tech-enabled sectors as well, like pharmaceuticals, and consumer goods, Credit Suisse India equity strategist Neelkanth Mishra told reporters in Mumbai.
The Supreme Court on Friday directed the Centre and the states in the National Capital Region (NCR) to implement the orders of the panel on air quality management to curb air pollution while ruing that some sections of the media have 'portrayed' it as a 'villain' which wants to close down schools in New Delhi.
Most of the students, PTI spoke to soon after their arrival, said they had followed the advisory issued by the Indian embassy in the Ukrainian capital Kyiv.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
Passengers complained that they had to wait a long time for Ola and Uber cabs, and added that those were available at inflated rates.
The top court also asked the state governments of Punjab and Haryana to pursue the farmers for two weeks not to do stubble burning.
The 24-metre-high air purifier recorded a PM2.5 concentration of 642 micrograms per cubic metre at the inlet and 453 micrograms per cubic metre at the outlet.
India added three 'unicorns' per month in 2021 to nearly double the overall number of startups valued at over USD 1 billion to 51 as of end-August, a report said on Thursday. Even as, cumbersome regulations are forcing startups to leave India and settle in other countries where they enjoy better treatment, as per the Hurun India, which prepared the list. It can be noted that over the last few years, dedicated efforts have been undertaken to hone the startups ecosystem by the government through flagship initiatives like 'Startup India'.
The chief minister raised these issues when Modi called him up to discuss the state's COVID-19 situation and the measures being taken to tackle the crisis, according to an official statement issued here.
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
Average apartment size in residential projects launched in 2020 increased by 10 per cent to 1,150 sq ft, as builders expected demand for bigger flats to rise after the COVID-19 pandemic, according to property consultant Anarock. Average apartment sizes in seven major cities have risen by 10 per cent on a yearly basis to 1,150 sq ft in 2020 from 1,050 sq ft in 2019, it said in a report. The consultant said the average apartment sizes were reducing year-on-year since 2016 but the trend has reversed last year.
Report by Greenpeace also presented a grim picture of India's pollution level.
The UFTA is an umbrella body representing 41 associations and unions of goods and passenger segments, including trucks, buses, autos, tempos, maxi-cabs and taxis plying in the Delhi-NCR region.
Carlos Brathwaite coming in to bat at number eight, who turned out to be the hero of the evening. He stunned England by smashing Ben Stokes for four maximums.
French IT firm Atos is planning to hire 15,000 people in the next 12-18 months in India, including climate experts, as it moves towards decarbonisation by 2028, chief operating officer (COO) Nourdine Bihmane said. "India is a strategic market for Atos. "We have been present here for the last 30 years, and we have grown organically since. "People and innovation are our two key drivers to build momentum. "India represents one-third of our total workforce," Bihmane said. Atos has around 40,000 employees in India.
Leasing of office spaces witnessed a sharp uptick in the July-September period at 12.5 million square feet across top eight cities on better demand, especially from the IT sector, with economy coming back to normalcy and corporate workforces slowly returning to work from office, according to Knight Frank India. The gross absorption of office space stood at 4.7 million square feet in the corresponding period of the previous year and 3.6 million square feet in the previous quarter, according to Knight Frank's India Real Estate Update - Q3 2021 that was released on Monday through a video conference. The consultant noted that the total office transactions of the eight India markets in Q3 2021 have improved and reached 83 per cent of the 2019 quarterly average level.
Housing demand has breached pre-COVID levels with 92 per cent year-on-year growth in sales during July-September period units across eight major cities, mainly on the back of stable prices, very low mortgage rates, property consultant Knight Frank India said on Monday. Releasing its India Real Estate Update for Q3 (July-September quarter) of the 2021 calendar year, the consultant reported that housing sales increased to 64,010 units from 33,404 units in the same period last year. In the previous April-June quarter, 27,453 residential units were sold. "The total residential sales of the top eight markets under review during Q3 2021, reached 104 per cent of 2019 quarterly average," the consultant said, adding that sales have breached pre-COVID levels.
Hiring for management professionals with greater than 16 years of experience witnessed a spike of 66% compared to last year.
The national capital on Friday recorded a 24-hour average air quality index of 239. On Thursday, it was 315, the worst since February 12 when the AQI was 320.
Skies over Delhi hung heavy with smoke and its air quality inched towards "severe" category on Diwali night as people burst firecrackers in a blatant disregard to the government's ban against it, imposed amid an increase in the contribution from farm fires.
According to a recent survey, 69.25% women stated that wearing a comfortable pair of lingerie helps them focus more on things around them and they feel more confident about themselves.
Hiring activity in the country, which was hit by the second COVID wave, bounced back with a 15 per cent growth in June compared to May, according to a report. The activity was led by the IT-software/software services sector. The latest Naukri JobSpeak report on Thursday said that India's hiring trends grew 15 per cent in June with 2,359 job postings from 2,047 in May.
The leader said he was not violating the Supreme Court's order banning the sale of firecrackers in Delhi-NCR this Diwali.
He said 162 terrorists and Maoists were killed across the country in 2021-22.
Posco ICT is the IT arm of South Korean steel giant Posco, which proposed to set up a 12 million-tonne steel plant near Paradip.
Mid-segment residential units continued to remain favourite amongst developers with a two-third share in total launches.
Set up by three former NDTV executives, the company is targeting premium restaurants in Delhi-NCR
The SARS-CoV-2 sero-positivity rate among children is high and comparable to the adult population and hence, it is unlikely that any future third wave of the prevailing COVID-19 variant would disproportionately affect children aged two years and above, according to the interim findings of an ongoing study conducted in the country.
Besides opening up the possibility of a policy that allows vintage cars retrofitted with electric batteries to ply on roads, this also gives a clue to how cars older than 15 years that are banned can be valued again by a similar conversion to EVs, says Ritwik Sharma.
With hospitals in Delhi scrambling to shore up oxygen supplies, good samaritans and social organisations across Delhi-NCR are giving a new lease of life to COVID-19 patients gasping for breath by opening "oxygen langar" for them and refilling cylinders for free.
Housing sales across seven major cities in the country fell 35 per cent year-on-year to 50,983 units during the July-September period even as the demand recovered post lockdown, according to data analytics firm PropEquity. Sales stood at 78,472 units in the year-ago period in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
Seven-year-old golfer Ojaswini Saraswat, who has won many accolades at a very young age for the country, said her ultimate aim is to win a major championship. Ojaswini, who started playing golf at the age of 3, is the youngest-ever member of the Chandigarh Golf Club and student of the Arjun Awardee Harmeet Kahlon.
India is the fourth worst-hit nation by the pandemic after the United States, Brazil and Russia.
On May 24, the agency had requested the Delhi high court for custodial interrogation of Vadra for questioning him about the source of funds used for the purchase of a London-based property worth 1.9 million and ascertain the role of certain other people, who allegedly helped him launder money.
Moreover, Assocham warned that the phenomenon is likely to hurt Brand India and impact the country's tourism
A medium-intensity earthquake measuring 3.0 magnitude on the Richter scale hit the national capital early on Friday.
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