Across India. from Bengaluru’s tech corridors to Delhi’s power hubs, Worli alone accounts for nearly half of all residential transactions above ₹40 crore. The neighbourhood’s concentration of wealth is evident: in just two years, more than 30 homes priced above ₹40 crore each were sold, totalling over ₹5,500 crore and resetting India’s luxury real estate […]
Everyone is gloomy about America’s jobs market. Investors talk of a “K-shaped” economy, in which growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish. Job creation and overall economic growth, which usually move in tandem, have diverged. The Federal Reserve has cut interest rates at its two most recent meetings. […]
Moody’s Ratings on Friday said with a 7 per cent GDP expansion in 2025 and 6.4 per cent in the next year, India will lead growth among emerging markets and across the Asia Pacific region. Moody’s also said that India’s domestic growth drivers underpin its economic resilience amid global uncertainty. (Bloomberg) Moody’s also said that […]
New Delhi, Nov 28 (PTI) Market regulator Sebi on November 28 reclassified Real Estate Investment Trusts (REITs) as equity-related instruments to promote higher participation by mutual funds and specialised investment funds (SIFs). Sebi on November 28 reclassified Real Estate Investment Trusts (REITs) as equity-related instruments to promote higher participation by mutual funds and specialised investment […]
SOBHA Limited announced on November 24 the launch of its first project in the Mumbai real estate market, named SOBHA Inizio. The project, spanning over 1 acre, will feature 310 residences, according to the company’s announcement. Mumbai real estate launch: SOBHA Limited announced on November 24 the launch of its first project in the Mumbai […]
(Bloomberg) — Saudi Arabia said it’s progressing as planned with reforms that will allow foreigners to own a wide range of real estate — including in the holy cities — starting in January. Saudi Arabia real estate update: Non-Saudis will be able to buy residential, commercial, agricultural and industrial properties, in addition to acquiring land […]
Once regarded as ‘pensioners’ paradise,’ Coimbatore in Tamil Nadu and Pune in Maharashtra were long seen as two of India’s most attractive senior living destinations, thanks to their salubrious climate, affordability, and established retirement communities. However, real estate experts say that both cities are now facing growing competition from Chennai, which is rapidly emerging as […]
I worry when prices run without pause, when ₹6,500-psf pockets jump up 300% in 4 years, and sell at ₹25,000 per sq. ft. I worry when end-users are priced out and investors line up for second and third homes. And I worry most when buyers cut cheques on a broker’s pitch without ever seeing the […]
Delhi’s Khan Market slipped one spot in global rankings this year, from 23rd to 24th, but retained its position as India’s most expensive high-street retail location, with rents rising 3% year-on-year to around ₹22,000 per sq ft per year ($223 per sq ft), according to Cushman & Wakefield’s flagship retail report, Main Streets Across the […]
Volkswagen AG is slashing costs of developing electric vehicles in India by a third and scouting for a local partner to help boost its tiny market share, according to people familiar with the matter. Skoda Auto Volkswagen India Pvt. Ltd. has cut costs to about $700 million from $1 billion for a platform it is […]
