Mumbai, 15 May 2023: All eyes are on India as it emerges as the world’s most populous country and the fastest-growing nation amidst a global economic slowdown. Even as India’s consumption-driven economy lures businesses of all stripes, the country’s housing market is now the primary growth driver for its real estate sector. “India’s residential real
Financial tools like credit cards are creating a buzz, and why wouldn’t they? Today, credit cards are a popular and convenient way to purchase without carrying cash. In addition to its convenience, customers can save money on their purchases by taking advantage of various benefits such as 5X rewards on your top spends, no joining
So far in 2023, asset management companies listed on Indian stock exchanges have lost 20-32% of their value as several stricter regulatory norms affect their profit margins. A change in the tax structure for debt funds, increased competition and stricter tax expense ratios (TER) are some of the factors affecting mutual fund companies. Among the
In April, foreign portfolio investors (FPIs) observed strong inflows into financial services and auto stocks, which together accounted for #9,677 crore of inflows. In April, foreign institutional investors purchased Indian equities net, continuing their purchases from last month. In total, 16 out of 24 sectors experienced inflows during the month, whereas five sectors experienced outflows
Mumbai, 8 May 2023: Indian real estate developers’ post-Covid focus on land acquisition shows no signs of slowing down, with prime land parcels being targeted across India for various types of developments. ANAROCK data indicates that in fiscal year 2022-23, approx. 87 separate land deals were sealed cumulatively accounting for over 1,862 acres. In contrast, the previous FY-2021-22 saw
In April, BharatPe Group acquired a majority stake in Mumbai-based NBFC Trillion Loans. Consumers can also borrow from Trillion Loans for auto, gold, and education loans. The NBFC offers secured and unsecured loans to SMEs. The acquisition of Trillion Loans is aligned with the BharatPe Group’s larger purpose and will enable us to facilitate access
Pune is renowned for its rich history, culture, and tradition, and is often referred to as the cultural capital of Maharashtra because of the multitude of cultural activities and events taking place throughout the year. As every Puneri will vouchsafe, living here offers a unique cultural experience that is difficult to find in other parts
Mumbai, 2 May 2023: Demand for flexible office spaces has hit a new high after the pandemic, with major companies and businesses including start-ups now increasingly opting for coworking spaces. Latest ANAROCK data reveals that out of a net absorption of approx. 8.2 Mn sq. ft. across the top 7 cities in Q1 2023, coworking spaces
Due to higher rates and tighter financial conditions, two of the market’s largest players are experiencing pressures in the commercial real estate market. Since the demand for commercial real estate properties faltered over the past year, Blackstone’s distributable earnings have declined significantly. According to the asset manager’s latest financials, profits from the sale of assets
Mumbai, 20 April 2023: Residential rental demand has soared in most cities ever since offices and schools reopened after the 3rd Covid-19 wave in 2022, especially in the past one year and particularly in the country’s IT/ITeS capital Bengaluru – which has seen skyrocketing rental values. ANAROCK’s analysis of monthly housing rents across prominent areas of the
