Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. The three-day bi-monthly monetary policy committee […]
Every year, the festive season emerges as more than a mere celebration, it becomes a period of heightened vibrancy and immense potential. This auspicious time continues till the end of the year and carries the promise of new beginnings and prosperity, traditionally igniting a substantial upswing in real estate sales. Market stakeholders seize this moment […]
At least 3.49 lakh units sold in the top seven cities in the first nine months of 2023, about 24 per cent or 84,400 units were luxury homes priced >INR 1.5 crore. About 84,400 luxury units, priced >INR 1.5 crore were sold in the top seven cities between January-September this year, against approx. 39,300 in […]
India will become the biggest investment market for London’s real estate sector, UK’s top realty developer Barratt London says as it launches its newest project, ‘Sterling Place’ in India. Barratt International’s sales and marketing director, Stuart Leslie, who is in India for the project’s launch, met several investors during the week who have shown keen […]
Luxury brands like Gucci, Cartier, and Louis Vuitton have inked leases for stores in the new Mumbai mall created by Indian tycoon Mukesh Ambani, capitalising on robust economic growth and a surge in the number of millionaires. The Jio World Plaza, set to open this year within Reliance Industries’ USD 1 billion business and cultural […]
India’s real estate sector is expected to expand to USD 5.8 trillion by 2047 when the country celebrates its 100th year of Independence, according to a report. The current real estate is estimated to be about USD 477 billion. The report released by real estate consultant Knight Frank India in association with the National Real […]
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
Kansai Nerolac Paints (KNPL), the paint company in India, on Friday at the Board meeting announced its unaudited results for the first quarter of financial year 2023-24. For the quarter, the company declared Net revenue of Rs. 2071.2 crore, a growth of 6.5 per cent over the corresponding quarter of the previous year. The earnings […]
A total of 3,244 real estate transactions worth over AED 13.6 billion were conducted during the week ending July 7, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 323 plots were sold for AED 3.33 billion, while 2,237 apartments and villas were purchased for AED 5.37 billion. […]
Real estate developer Avighna Group has announced the expansion of its residential portfolio with plans to develop two ultra-luxury residential towers in Mumbai’s Worli. The two towers – a 17-storey and a 35-storey – will collectively have a saleable area of 2,00,000 square feet, the group said in a statement. The two projects will entail […]
