Despite more than a 20 per cent fall in prices of houses in new projects, a majority of home buyers are looking for a further price reduction, a survey by an international brokerage shows.
A joint forum of Air India unions on Friday sought the labour department's 'urgent' intervention and initiation of conciliation proceedings in the matter of their passage policy and service conditions. On December 24, the forum comprising IPG, ACEU, AIEU and AICCA, in its demand notice to Air India managing director and chief executive officer Campbell Wilson, had protested against the changes in their service conditions. Tata Group took control of the then government-led Air India in January this year.
Leading British cafe chain Costa Coffee, a part of the £1.8 billion Whitbread Plc, has entered into a joint venture with the RKJ Group for opening 300 outlets in India over the next six years with an investment of Rs 150 crore
Genpact opens offices in Kolkata on 700,000 sq.ft of land and plans to employ 7000 people.
A bench of Justices SK Kaul and AS Oka was told by Solicitor General Tushar Mehta that he has to put some documents on record in the matter.
RFRL Group President A N Sethuraman on September 3 filed three separate applications with the Petroleum and Natural Gas Regulatory Board for licences to sell CNG to automobiles and piped gas to households in Mumbai, Delhi, Gurgaon, Faridabad etc.
If the sale of over 600,000 application forms for the 5,020 apartments on offer by the Delhi Development Authority is any indication, private developers in the national capital region are in for tougher times ahead, as investors are betting on their chances for higher returns from the cheaper DDA flats. On an average, a DDA flat is on offer at half the price of apartments being developed by private developers.
The men asked her for directions towards a location. As she was responding, they pulled her into the car and drove away.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Reliance Retail, the subsidiary of petrochemicals giant Reliance Industries, will soon launch its own label of consumer electronics goods to complement its retail appliance stores.
India's plan to produce ethanol from second-generation (2G) sources -- mainly farm waste -- is taking time to materialise even as the government is set to dedicate to the nation on Wednesday a Rs 900-crore plant set up by Indian Oil Corporation (IOC) in Panipat. Though state-run oil companies had decided to set up at least 12 plants in 2016-17 with an investment of around Rs 10,000 crore, this will be the first unit coming on track while others are stuck in various stages owing to issues like capital expenditure, lack of feedstock, and high rates of finished products compared to traditional ethanol units. According to industry sources, three more second-generation plants are coming up.
A forecast by this international real estate consultancy suggests that 'in Mumbai, rentals will fall for some more months and bottom out in the second half of next year, while in the national capital region, rents may bottom out in the second half of the current financial year in most areas.' In both metros, the correction in rents would be between 40 to 60 per cent by the first half of next year of their peaks in 2007-08.
The booming real estate markets in the National Capital Region, Mumbai and Bangalore registered the highest global yields in 2003, according to the latest updates by Chesterton Meghraj, a global real estate consulting group.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
A quarterly study of PE investment activity based on data provided by Venture Intelligence, such funds in the third quarter of this year totalled $3.01 billion through 103 deals, according to the PwC MoneyTree India report.
They realised that the Portuguese were better prepared to defend Daman than Dadra and Nagar Haveli. If reinforcements from Daman were to reach Silvassa, there was no chance of defeating the Portuguese. They decided that cutting Daman's communication lines would have to be their top priority before attacking Silvassa. A fascinating excerpt from Neelesh Kulkarni's new book, Uprising-The Liberation of Dadra and Nagar Haveli.
Enthused by rave reviews that its Rs 100,000-car Nano got at the auto fair recently, the country's largest automobile company Tata Motors is embarking on a dealership network expansion drive.
'The scheme excludes tractors, light commercial vehicles, and medium and heavy commercial vehicles.'
Farmers from Punjab clashed with Haryana police at two border points between the states on Tuesday, facing tear gas and water cannons as they tried to break past barricades blocking their protest march to the national capital. The police lobbed tear gas shells -- some of them dropped from a drone -- and tried to disperse groups of stone-pelting protesters in the face-off that last several hours at Shambhu border near Ambala in Haryana.
Encouraging results for the fourth quarter of the 2022-23 financial year (Q4FY23) have led to a big surge in the share price of DLF. The realty major closed FY23 with Rs 15,000 crore (up 107 per cent year-on-year or YoY) of pre-sales, leading to cash generation of Rs 2,500 crore (up 14 per cent YoY) and reduced net debt by Rs 1,960 crore YoY. The launch of The Arbour project in Q4FY23 alone drove sales of Rs 8,000 crore in the quarter.
The city's 24-hour average AQI was recorded in the 'poor' category at 265 on Saturday as residents flouted the ban on firecrackers in parts of the national capital ahead of Diwali, according to Central Pollution Control Board's (CPCB) data.
He said his government's goal is to make Delhi a grand city equipped with all the facilities as expected of the capital of the country.
The Reliance apparel stores will stock all kinds of apparel, about 4,000 products across as many as 94 brands, manufactured exclusively for the company.
If you plan to take an auto loan, Priyadarshini Maji lists 5 points you need to consider.
IGL's share price has taken a beating at the stock exchanges.
Bhalla's account was echoed by a cross-section of residents of Delhi-NCR after a 6.6 magnitude temblor on Tuesday night was felt across large swathes of northern India as the earthquake struck the Hindukush region in Afghanistan.
The D-Company has established a special unit to strike terror in people of India by attacking eminent personalities, including political leaders and businesspersons, the probe agency further claimed.
Maharashtra Chief Secretary Sitaram Kunte in an order issued on Sunday declared Kerala, Goa, Gujarat, Delhi and the National Capital Region, Rajasthan and Uttarakhand as places of "sensitive origin".
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
Real estate developer BPTP Group has won the right to develop 94 acres of commercial land at Noida for Rs 5,006 crore. Country's largest realty company DLF and Omaxe were the other contenders. BPTP's winning bid was nearly 70 per cent more than the reserve price of Rs 2960 crore for the land parcel. The commercial complex at Noida will cater to the shoppers living along and commuting via the expressway. BPTP recently bought a 30 acres plot at Hyderabad for about Rs 666 crore.
Reliance Retail on Monday ushered in a new retail culture in the national capital region by opening nine western-style food stores as it hopes to become the preferred supplier of push-cart vendors and kirana stores.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
DLF, Unitech, Emaar-MGF and the Ambience Group are in race to build the largest mall.Delhi and its suburbs are witnessing a race without a finishing line - the rush to build India's largest shopping mall. The players are the top names in the real estate business - DLF, Unitech and Emaar-MGF.
Political observers lauded the SP's choices in fielding several non-Yadav and Scheduled Caste candidates, the party's alliance with the Congress, and Rahul Gandhi's campaign around the danger to the Constitution if the BJP won a big majority.
Income-Tax authorities on Thursday conducted "survey" at the premises of Escorts Group of Hospitals, in the national capital region and Chandigarh, for alleged illegal appropriation of assets to the tune of crores of rupees.
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.
The best-case scenario is that the BJP will top out at around 50 seats in UP -- a drop of 12 from the 62 it had won in 2019. Taken in tandem with Maharashtra and Karnataka, this is what is likely to put paid to the BJP's ambitions of a third term for Modi, argues Prem Panicker.
The productivity of the Budget session was abysmal. The Lok Sabha functioned for 33% of its scheduled time (46 hours); the Rajya Sabha 24% (32 hours).
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