Real estate equity investments saw a strong 46% year-on-year (YoY) growth, reaching $8.9 billion in January-September 2024. This marks the highest level since CY 2018, surpassing the total equity investments for CY 2023, which amounted to $7.4 billion, CBRE said in a report. “Investment activity in India’s real estate market scaled a new peak in […]
Retail Sales Pick Up in Last 2 Weeks After Rough Patch Mumbai | New Delhi: Clothing and lifestyle retailers and shopping malls said the re’s a pick-up in entry-level demand for clothes and accessories in the past two weeks, after a bad spell of nearly six quarters, lifting the overall sales of discretionary category. And […]
Underperformance amid lofty projections When actor Rajesh Khanna purchased Rajendra Kumar’s bungalow in Mumbai for 3.5 lakh in 1969. Kumar’s wife reportedly chided her husband for selling it cheap. After Khanna’s death in 2012, the bungalow was reportedly sold for ₹90 crore. Real estate returns since the pandemic have been less spectacular. Despite pockets of […]
Leasing in the commercial office sector is expected to touch an all-time high this year–a sharp rebound from the pandemic years. This is partly led by demand from global capability centres (GCC) and flexible office operators. What does it signify for the economy? 1. What’s the leasing momentum like? The recovery of the office sector […]
New Delhi: Delhi Pollution Control Committee conducted a public hearing on Thursday on the draft proposal from the National Highways Authority of India to construct an underground road tunnel from Shiv Murti interchange in southwest Delhi to Nelson Mandela Marg. The 4.9km project, meant to ease traffic movement, is planned to pass through the Southern […]
The Delhi segment of Najafgarh Road is set to undergo significant expansion, with plans to widen it to a six-lane road. The land acquisition process for this project is estimated to cost around ₹53 crore, involving the acquisition of approximately 25 acres of land. Key Developments Official Orders Delhi’s Chief Secretary Naresh Kumar has issued […]
Amid growing return-to-office calls, several companies are giving employees the leeway for extended and expanded flexibility on a “need basis”. Requests for flexibility are being considered on grounds such as caregiving responsibilities (children, parents, in-laws), personal health issues, challenges in relocating and for employees with disabilities. In the post-Covid era, there is no going back […]
In a significant development aimed at alleviating traffic congestion, the road from Gwal Pahari village to Andheria More in Delhi on the Gurugram-Faridabad route will be expanded to six lanes. Currently, this road is only two lanes wide. The widening of this road will greatly ease the movement of vehicles between Gurugram and Delhi, preventing […]
According to industry experts, the investment boom along the corridor has already started and is slated to offer beneficial investment returns as the development flourishes. Dwarka Expressway, the 18-km-long infrastructure marvel, is promptly emerging as a growth corridor boasting immense potential. Other than its 16-lane surface, Dwarka Expressway stands as a marvellous infrastructure project with […]
Commercial real estate players are looking to expand their footprint in the retail segment, driven by India’s increasing consumption and income levels. The domestic consumption market in India is likely to rise considerably in the coming decade, supported by rising income levels and an increase in spending capacity, especially among the burgeoning young aspirational population, […]
