• Mon, Mar 25, 2019
  • Housing prices rose by a modest 7 percent in seven major cities during the past five years, while sales and new supply have declined 28 percent and 64 percent, respectively, according to brokerage...
    ‘Housing prices up 7 per cent, sales down 28 per cent’
    Anarock founder and Chairman Anuj Puri said the prices in primary markets have seen more of a “time correction” rather than a price correction, with average prices across top-seven cities seeing a meagre 7 percent increase in the past five years. “Considering inflation (assuming seven percent a year), all cities will have seen negative price trends in the last five years,” he added. These seven cities are Delhi-NCR, Mumbai Metropolitan Region, Chennai, Kolkata, Bengaluru, Hyderabad and Pune. The supply of new housing units reduced by 64 percent in the past five years – from 5.45 lakh units in 2014 to 1.95 lakh units in 2018. Housing sales were also slow, dropping by 28 percent during the same period – from 3.43 lakh units in 2014 to 2.48 units last year. Puri said the government set the stage for the real estate sector in the long...
  • German mobility firm bets on carpool for India’s pollution issue German mobility firm bets on carpool for India’s pollution issue

    With India home to seven of the top 10 most polluted cities in the world, Germany-based mobility solutions provider Wunder is pitching carpooling as an effective remedy to the alarming levels of...

  • Don’t disconnect power to BSNL installations: DoT to states Don’t disconnect power to BSNL installations: DoT to states

    The Department of Telecom (DoT) has requested the state governments not to disconnect electric connections of BSNL/MTNL telecom installations and more so during the coming general elections.

  • Foreign Portfolio Investors pour in Rs 38,211 crore in March Foreign Portfolio Investors pour in Rs 38,211 crore in March

    Foreign investors have poured in a net amount of Rs 38,211 crore in the domestic capital markets in March so far, mainly owing to improved global liquidity.

  • M and A deal value down to USD 1 billion in February M and A deal value down to USD 1 billion in February

    The value of merger and acquisition deals in February slumped 34 per cent to $ 1.24 billion compared to the year-ago period, according to a report.

  • SoftBank invests Rs 2,767 cr in Delhivery SoftBank invests Rs 2,767 cr in Delhivery

    Logistics company Delhivery on March 24 said it has raised more than $400 million (Rs 2,766.82 crore) in a financing round led by the SoftBank Vision Fund.

  • Rs 3 trillion in private power investments may turn Non-performing assets Rs 3 trillion in private power investments may turn Non-performing assets

    As much as Rs 3 trillion of investment in a dozen power plants of the private sector is at risk of turning into NPA as states buying power have not been making payment for months, official data and...

  • Recovery target for Q4 is Rs 10,000 crore: PNB MD Recovery target for Q4 is Rs 10,000 crore: PNB MD

    After returning to black in the last quarter, public sector bank Punjab National Bank (PNB) has set a recovery target of Rs 10,000 crore for the concluding Q4, said the company’s MD and CEO Sunil...

  • Jet suspends services to 13 international routes till end-April Jet suspends services to 13 international routes till end-April

    Updated On: Mar, 23, 201910:22 AM

    With just one-fourth of operational fleet, Jet suspends services to 13 international routes till end-April

  • Growing demand for green office spaces across Tamil Nadu Growing demand for green office spaces across Tamil Nadu

    Today there is widespread awareness amongst the people around the world about the need for sustainability and ill effects of global warming. Even school children nowadays talk about the necessities...