The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
Surpassing Tier I and Tier II cities in cost advantages, five Tier III cities Ahmedabad, Chandigarh, Indore, Kolkata and Nagpur are all set to emerge as major hubs for IT offshoring in next five years, said a global realty consulting firm.
Evergrande Group has begun work on what will be the world's largest purpose-built soccer stadium, with a capacity of 100,000 seats, in the southern city of Guangzhou, the Chinese real estate company has said. Construction of the Guangzhou Evergrande Soccer Stadium, also dubbed "Lotus Flower Stadium" for its design, started on April 16 and would cost around 12 billion yuan ($1.69 billion) to complete, the group said.
We gauge the Pune market and finds that real estate developers are queuing up for a slice of India's next boom town.
The realty run-up in the tier-II cities in north India are outrunning the employment opportunities, says Unitech's MD Sanjay Chandra.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Realty sector is facing a huge slowdown for last 3-4 years, leading to a significant delays in possession of flats to customers.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
Mumbai Metropolitan Region recorded housing sales of nearly 9,200 units in Q3 of calender 2020, against 3,620 units in the preceding quarter, registering a 1.5 times growth which is the highest growth seen any city except Chennai.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Fifteen stations might be taken up in the first stage with an investment of Rs 6,000-7,000 crore.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
Boost to dairy sector will generate jobs
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
Navi Mumbai is emerging as the next big real estate location.
The company will develop residential and commercial real estate on the 17-acre land in the plush area, which it bought from DLF last year.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Commerce and Industry Minister Piyush Goyal that the players in the sector should start lowering prices and, if the worst comes to the worst, write off investment as bad business decisions.
Sahil Vachani fuels Analjit Singh's new business initiatives
Despite the slowdown, property investments can give them good returns over the long term
Income from renting of properties is taxed at a flat rate of 10%.
The founder of the California-based Tri-Valley University, who destroyed the academic careers of several hundred Indian students in the United States, has been sentenced to more than 16 years in prison for running a sham university that served as a front for an immigration scam.
Popular doesn't always mean best. Here's why.
In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
The government on Wednesday said that all urban cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors and prevent repeat of PMC Bank like scams. The President of India will promulgate an ordinance to this effect, Information and Broadcasting Minister Prakash Javadekar told reporters after the meeting of the Union Cabinet.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
The leader should be cautious while accusing the Modi government of cronyism.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.
ASK Wealth Advisors says 5 million, CMIE's estimate is 2 million and Ghosh & Ghosh said it was 7 million!
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