• Mon, Mar 25, 2019
  • ‘Housing prices up 7 per cent, sales down 28 per cent’

    Published On: Mar, 25, 201912:30 AM

    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
    Published On: Mar, 25, 201912:30 AM

    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
    Published On: Mar, 25, 201912:30 AM

    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
    Published On: Mar, 25, 201912:30 AM

    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
    Published On: Mar, 25, 201912:30 AM

    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
    Published On: Mar, 24, 201911:55 PM

    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
    Published On: Mar, 24, 201911:55 PM

    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
    Published On: Mar, 24, 201911:55 PM

    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
    Published On: Mar, 23, 201910:09 AM

    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
    Published On: Mar, 23, 201907:30 AM

    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...