While there was a sharp drop in footfalls in malls in H1FY21, there was reasonable recovery in H2. However, the second wave derailed the recovery.
Several teams have been formed to trace the offending vehicle and its driver.
Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said.
The doctor who treated the Mumbai girl, Shraddha Walkar, for acute shoulder and back pain in the year 2020, on Friday said that the accused Aaftab Poonawala accompanied her when she was brought to hospital.
Ace investor Rakesh Jhunjhunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjhunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the volumes which they can deliver. It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses. Jhunjhunwala cited the case of DLF, saying the stock price plummeted to Rs 80 from Rs 1,300 per piece to illustrate the risks associated.
These eight sites include Bengali Basti in Sector 49, V Block of DLF Phase-3, Surat Nagar Phase-1, outskirts of Kherki Majra village, outskirts of Daulatabad village near Dwarka Expressway, near Ramgarh village in Sector 68, near DLF Square Tower and from Rampur village to Nakhrola Road.
Most of the local residents expressed fear that redevelopment will kill the small businesses in Dharavi that it is known for and that they are content with the way things are at present.
Among the options being weighed are discounts on existing rentals, short-term deferrals, and 50 per cent waivers.
Sources said a questionnaire has been prepared for the polygraph test so that the sequence of events in the gruesome killing can be ascertained.
A Delhi Police team searched for the murder weapon at a forest in Gurugram using a metal detector on Saturday, but returned empty-handed after one-and-a-half-hours, sources said.
Global trends, WPI inflation data for April and the ongoing quarterly earnings of corporates would be the major driving factors for the stock markets, analysts said. Investors would also keep a tab on the movement of foreign institutional investors who are on a selling spree in the domestic equity market for the past many days. "Inflation concern and monetary tightening across the globe are key concerns for the equity markets. "Equity markets are under the strong grip of bears however they look extremely oversold and due for a pullback rally.
The company, backed by China's Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO. This will make this India's third-largest offering after Reliance Power and DLF.
Oberoi Realty has hit the top slot in Mumbai's ranking of the top-20 developers in terms of sales in 2021, evicting the Runwal group which was number one last year. The Lodha group which had occupied the top slot three out of five times since 2017 slipped to second place in 2020 and continues to be in the same position in 2021. The Oberoi group was in fifth place in 2019 and fourth place in 2020. This is the first time that it has occupied the number one position. The Runwal group which took the top slot in 2020 is down to third place in 2021.
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
Black Friday sales in India received a good response as brands dropped their prices making customers queue up outside stores where discounts were steeper. Discounts were offered both online and offline. Most of the international brands in India offered discounts under the Black Friday Sale banner. The Black Friday Sale started in the US on the Friday after Thanksgiving Thursday. The day typically marks the beginning of the Christmas shopping season ahead of the festival.
Taking to Twitter, Chief Minister Arvind Kejrjiwal said that cinema halls will be allowed to reopen from October 15 and they will have to follow all guidelines issued by the central government.
Distribution yields could rise, but risk of Covid, higher interest rates remain.
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
Food delivery company Zomato's Rs 9,375-crore initial public offering (IPO) will open for subscription on July 14, said investment banking sources on Wednesday. The company initially was looking to raise Rs 7,500 crore through the offering. Investment banking sources said the issue size has been increased because of the robust demand from investors.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
The BJP had made the land deals a major poll issue in 2014, alleging that Vadra benefited through questionable land use permissions granted by the earlier Congress government in the state.
With the arrival of the second Covid wave in April, the numbers fell by almost 50 per cent.
The actor made a showstopping entry unveiling the latest collection.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
A statement from Gandhi's office came after a media house purportedly made a query to Robert Vadra asking whether a portion of the money he had received from the DLF was used by his wife to buy properties in Faridabad in Haryana.
The NSE Nifty ended at 2,776, gaining 6 points. The market breadth was negative - out of 2,493 stocks traded, 1,385 declined, 1,002 advanced and the rest were unchanged on Wednesday.
It has been a difficult year for Singh, whose fate from the start has been closely tied to that of the Gandhi family.
The NSE Nifty ended at 3142, up 98 points. The market breadth was fairly positive - out of 2,655 stocks traded, 1,809 advanced, 777 declined and the rest were unchanged on Tuesday.
Senior IAS officer Ashok Khemka who had cancelled the mutation of a land deal between a firm owned by Robert Vadra and realty major DLF, was promoted as Principal Secretary.
Nearly 30 Indian firms that have imported aircraft for charter use are under the scanner of the Customs authorities for allegedly flouting import norms in order to evade taxes.
Stock market expert Pranav Sanghavi answers some of your queries.
With relaxations in the nationwide coronavirus-induced lockdown, locals were seen strolling and jogging at roads and beaches of Mumbai and other cities on Sunday.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Donations received in form of electoral bonds were not included in the filing.
Many across Corporate India seem to have taken a leaf out of Modi's endorsement of healthy living through yoga.
The NSE Nifty ended at 2,935, up 15 points. The market breadth was positive - out of 2,574 stocks traded, 1,374 advanced, 1,092 declined and 108 were unchanged on Tuesday.
Lodha Developers on Thursday said it has completed the acquisition of 17-acre prime land in Mumbai from realty major DLF for Rs 2,725 crore (Rs 27.25 billion) -- the largest realty deal so far this year.
Militant labour policies compounded a poor security environment for capital in West Bengal and encouraged the business community to relocate. constraining the private sector's right to hire freely could well be the coup de grace. As with Calcutta/Kolkata, it will probably take a decade for Gurgaon/Gurugram to feel the difference, says Kanika Datta.
The NSE Nifty ended with a loss of 45 points at 4,292. The market breadth was negative - out of 2,702 stocks traded, 1,568 declined, 1,035 advanced and 99 were unchanged on Wednesday.
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