Property registrations in Mumbai hit the 100,000-mark till November, marking a 10-year high as "demand enablers" like low prices and cheaper interest rates lure people to buy homes in India's financial capital. The previous 10-year high was 80,746 units in 2018. November 2021 recorded property sale registrations of 7,582 units: an 18 per-cent decline compared to same month last year (YoY) when stamp duty rate was at its lowest level of two per cent, said property consultant Knight Frank India, quoting data from the Maharashtra government's Department of Registrations and Stamps. Compared to October or a month-on-month (MoM) basis, registrations are lower by 12 per cent.
Housing sales across top eight cities rose 51 per cent last year, even as the office market continued to slump due to the Covid pandemic with gross leasing witnessing a 3 per cent fall, according to Knight Frank India. Housing sales increased to 232,903 units during last year, from 154,534 units in 2020, but demand was down 5 per cent from the 2019 pre-pandemic levels and 37 per cent lower than the 2011 peak numbers. In the office segment, the gross leasing of office space fell to 38.1 million square feet in 2021, from 39.4 million square feet in the previous year, due to the adverse impact of the second wave of the Covid pandemic.
A roundup of the Vijay Hazare Trophy one-day matches played on Wednesday
Opinion polls by a section of the media channels have stated that Harish Rawat is the most liked politician for the post of chief minister, way ahead of Chief Minister Pushkar Singh Dhami.
There exists a curious link between Advocate Niteen Pradhan's client Milind Ekbote and Harshali Potdar: Both have blamed each other for the Bhima Koregaon violence, notes Jyoti Punwani.
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.
the simmering discontent deep in the two parties is likely to mar the prospects of some candidates, making the contest keen, reports Shishir Prashant.
The BJP is beating the development drum this time more loudly to overcome many other hurdles besides anti-incumbency. While the party is claiming it is looking for a much bigger victory than in 2017, BJP observers are not too sure about it, reports Shishir Prashant.
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.
Silence... Can You Hear It is definitely a recommended watch of the week, assures Joginder Tuteja.
Indie stars flock to see High Jack.
Roiled by the pandemic, home prices in India fell 3.6 per cent in December quarter 2020, pushing down its global ranking to the lowest 56th as compared to 43rd in the year-ago period, while Turkey continued to lead the tally, says a report. According to international property consultancy Knight Frank, India was the weakest-performing housing market in October-December last year with a decline of 3.6 per cent year-on-year in prices. The Knight Frank global house price index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.
'It doesn't help to transpose the Hindi heartland model on Bengal. Bengalis don't understand its dynamics. They won't comprehend the impact of Modi's dip in the Ganga because Bengal's political culture is different. Even in the Ramakrishna Mission Ashrams, Christ is worshipped on Christmas. It's difficult to polarise Bengal religiously'
The sordid details of the FIR filed against these companies for issuing fake certificates only reconfirm why the second Covid-19 wave in India came like a storm in the midst of the Kumbh Mela.
The average housing prices declined by 2-7 per cent year-on-year during July-September in Delhi-NCR, Mumbai, Chennai, Pune, Kolkata, and Ahmedabad on lower demand amid COVID-19 pandemic, according to Knight Frank India. Prices, however, increased in Bengaluru and Hyderabad by 3 per cent and 4 per cent, respectively, during July-September 2020 compared with the year-ago period. Chennai saw the maximum fall of 7 per cent, followed by Delhi-NCR and Pune at 5 per cent. Rates dipped 3 per cent each in Kolkata and Ahmedabad, while Mumbai witnessed 2 per cent price correction.
Former Broadcast Audience Research Council (BARC) CEO Partho Dasgupta is the 'mastermind' of the Television Rating Points manipulation scam and there seemed more to the case than mere rigging of TRPs, as per the sessions court that had rejected his bail plea last month.
From Congress to BJP and back to Congress, Yashpal Arya, who was Uttarakhand's transport and excise minister in the Dhami government till the other day, has resigned and returned to his womb. But he is not the only one in the Land of the Gods to do so, reports Shishir Prashant.
'Not giving the Commission space in Mumbai is an insult to Maharashtra's Dalits who are waiting for the inquiry report.'
After signing the agreement documents on Tuesday night, the Shishir and Rahul Bajaj factions submitted the consent terms of the settlement to the Company Law Board on Wednesday and withdrew the petition.
Friends and colleagues console Vishal Bhardwaj who lost his mother on Sunday.
'We want the Commission to finish its work; the issue it is investigating is too crucial for its work to be left incomplete.'
Signalling the end of a six-year long dispute, the warring Bajaj brothers have reached an agreement wherein family patriarch Rahul Bajaj has agreed to give control of Bajaj Hindusthan to younger brother Shishir.
Check out the Royal Challengers Bangalore squad for the eighth edition of the Indian Premier League.
Wednesday's expansion shows that Modi still has a keen eye on Bengal. The BJP is gearing up for the panchayat elections in Bengal next May and the Lok Sabha elections in 2024.
Reader Shishir Saxena sends us this photograph of Naseeruddin Shah.
No report of the violence was sent by Mumbai's police commissioner to the government. Why was the violence then considered serious enough to be included in the Terms of Reference? Was it a balancing act to counter the accusations that were then being made against Hindutva leaders Sambhaji Bhide and Milind Ekbote?
The sentiment in the real estate industry turned optimistic during October-December 2020 and the outlook for the next six months is positive on the back of revival in demand for both residential and office properties, according to a survey by Knight Frank India-FICCI-Naredco. The 27th edition of 'Real Estate Sentiment Index Q4 2020 survey' of developers, banks, financial institutions and private equity players operating in the sector was released on Monday in a video-conference. As per the report, the 'Current Sentiments Score', for the first time in 2020, entered the optimistic zone at 54 points in Q4 (October-December) 2020, a significant jump of 14 points over the previous quarter.
The warring Bajaj brothers, Rahul and Shishir, have finally decided to terminate a family settlement agreement after prolonged peace talks for which they had also sought additional time from Company Law Board.
An out-of-court settlement for division of the Bajaj empire appears unlikely anytime soon, with patriarch Rahul Bajaj accusing younger brother Shishir on Thursday of raising additional demands that cannot be met.
The task for RS Rawat to enter the assembly might not be easy, especially with the ongoing situation arising out of Covid-19, lack of vaccines and allegations of poor hospital facilities, reports Shishir Prashant.
Even as the Bajaj imbroglio comes up for hearing before the Company Law Board (CLB) on October 23, there is every indication that this might turn out to be the longest-running family feud of all times.
Shishir, Rahul factions dissent over all-important chairmanship.
Debutant medium pacer Murli Prasidh Krishna hogged the limelight on his first-class debut, claiming five wickets for 49 runs, as Ranji Trophy champions Karnataka dismissed star-studded Bangladesh 'A' for a paltry 158 on Tuesday, the opening day of their three-day game in Mysuru.
Differences still persist between Rahul Bajaj, his brother Shishir Bajaj and others on the issue of transfer of shares for finalisng the split of the Bajaj group, the Company Law Board has been informed by the lawyers.
'If the chief minister says there are areas in her home state where she cannot enter, where has she driven the state to!'
The plea, filed by advocates Shishir Chaturvedi and Karunesh Kumar Shukla, said that apart from private individuals and members of state Sunni Board, the presence of central and state government representatives was essential to ensure proper management of the funds.
Shah also rejected West Bengal Chief Minister Mamata Banerjee's charge that Prime Minister Narendra Modi's visit to a temple of the Matua community -- which is in sizeable number in the state -- during his trip to Bangladesh violated the poll code.
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