With Omicron throwing a shadow of doubt across the world and in India, the RBI has decided to keep the repo rates unchanged at 4% and reverse repo rate at 3.35%. This was expected, and is the ninth consecutive time that the RBI maintained status quo amid current uncertainties. The unchanged repo rates will help
Approx. 28 separate land deals for over 1,205 acres proposed for residential development in the top 7 cities; MMR has a 64% share (over 768 acres), NCR a distant 2nd with a 12% share (approx. 150 acres) Total residential development potential at least 45-50 Mn sq. ft. area At least six land deals for over
Currently, approx. 35 Mn sq. ft. flexible office stock available across India of which approx. 71% (25 Mn sq. ft.) is by large operators Approx. 3.7 lakh flexi seats available across major Tier I & Tier II cities Both existing & new coworking players set to expand extensively In ANAROCK LinkedIn survey, 46% of respondents
It’s finally December and winter is most definitely on its way for most of us! The heating system has been switched on and Christmas songs have already started playing in the stores. If you’re like the thousands of Americans this year who will be working from home, keeping your home (and your workspace) warm and
Uttar Pradesh (UP) & Haryana lead in disposing cases, comprise 61% share of the total disposed cases; UP disposed 30,990 cases, Haryana 16,864 Maharashtra, Gujarat & Karnataka see highest project registrations till date – 31,664, 9,272 & 4,497 projects respectively In last two years (2019 -end), a rise of 49% in project registrations and 128%
The foundation-laying ceremony of the Jewar International Airport by the Prime Minister heralds significant future economic activity in and around the airport. With an estimated cost of INR 34,000 Cr, the airport, once completed, will ease traffic at the IGI Airport, create a massive number of jobs for the local population, and give a major
Indian Real Estate market is set to grow to $650 billion from current $200 billion, by 2025 & $1 trillion by 2030. Mumbai realty market trends repudiate national trends, with significant decrease in office space leasing and reduced purchasing power for residential units. Mumbai, November 23, 2021: After being hit hard by COVID due to
The total investments for 2021 are likely to surpass the 2019 levels and in fact reach the pre-COVID 19 levels of 2017 and 2018. The commercial segment has experienced reasonably higher share in investment from 25% to 62% during 2015-2020. The residential segment has seen a decline in its investment share from 61% to 2%
With cumulative revenue bookings of approx. INR 14,883 Cr in H1 FY22 against INR 9,483 Cr in H1 FY21, listed players performed well despite 2nd COVID-19 wave 18.46 Mn sq. ft. of residential area sold by these players in H1 FY22 against 13.28 mn sq. ft. in the year-ago period – yearly growth of 39%
Recently, the apex realtor’s body CREDAI made a startling announcement – that housing prices will probably go up by as much as 15% soon. At first glance, this announcement appeared to put homebuyers on notice. At the very outset here, I would like to clarify that this is not the case at all. This was
