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Industry News

  • UP Govt likely to lay foundation stone of film city project soon after Lok Sabha elections Housing.com

    The Uttar Pradesh government is likely to lay the foundation stone of its ambitious International Film City project soon after the Lok Sabha elections. According to sources, the foundation stone of the project is likely to be laid by the end of June 2024 after the general elections. Lok Sabha elections are commencing countrywide from April 19 and will go on till June 1. The results of the election will be announced on June 4, 2024.

  • Navy Chief Hari Kumar inaugurates naval pier, residential accommodation at Karwar base devdiscourse.com

    Chief of Naval Staff, Admiral R Hari Kumar inaugurated a major pier and residential accommodation at Karwar Naval Base in Karnataka on Tuesday, the Ministry of Defence informed in a press release. The Pier 3 Offshore Patrol Vessel Pier is 350m long, capable of berthing OPVs, large survey vessels and Mine Counter Measure Vessels. The pier would also provide various shore-based services, such as electrical power, potable water, chilled water for air conditioning, 30-tonne mobile cranes and other domestic services to the ships.

  • Finolex Industries sells leasehold rights of 25 acres of land in Pune for ₹470 crore Hindustan Times

    Finolex Industries has sold its leasehold rights of 25 acres for ₹470 crore to Terra Vista Developer in Pimpri, Waghere, Pune, documents accessed by CRE Matrix showed. This concerns all the pieces and parcels of MIDC leasehold land … and structures on it situated in Pimpri Industrial Area, Pimpri Waghe, Takula Haveli, Pune, according to the Deed of Assignment that was registered on April 3, 2024. The land parcel was leased to the PVC pipes manufacturer by Maharashtra Industrial Development Corporation (MIDC), the documents showed.

  • Developers bank on new year for increase in home sale momentum The Times of India

    Real estate players are banking on Gudi Padwa to further push home sales in the city, following significant improvement in housing sales between Jan and March this year. Two industry estimates suggest that around 12,000-19,000 units were sold in the city in the Jan-March period. “Gudi Padwa is one of the auspicious occasions, which is why homebuyers scurry to finalise their deals on this day,” Sachin Bhandari, chairman and CEO of VTP Realty, said.

  • These Tier 2 Cities are Leading the Charge in Property Search Volume: Here are Our Insights Housing.com

    The growth in the Indian real estate sector today involves transcending the traditional dominance of major urban centres. Tier 2 cities are now emerging as significant players in driving overall development in the industry. They are rising as key catalysts of growth, propelled by a combination of factors including policy advancements, improved connectivity, and the establishment of both domestic and international corporations.

     

  • Real estate market gears up for Gudi Padwa 2024 Housing.com

    Gudi Padwa, the first day of the New Year, is one of the most important and widely celebrated festivals in Maharashtra. This festival, which falls on April 9, 2024, is celebrated as Ugadi, Yugadi, Cheti Chand, Samvatsar Padvo, etc., in Karnataka, Andhra Pradesh, Telangana and Goa. Why is Gudi Padwa important for the real estate segment? As it is an auspicious day that symbolises new beginnings, experts traditionally see a positive upswing in India’s real estate market.

  • Is south Bengaluru catching up with the realty boom in the eastern IT corridor? Moneycontrol.com

    While real estate in the eastern IT corridor of Bengaluru's Whitefield has skyrocketed over the past two years, experts say the southern parts of the city are now slowly catching up.

    Parts of south Bengaluru like Kanakapura Road, Electronic City, Bannerghatta Road, JP Nagar, and BTM Layout have seen a 10-15 percent rise in real estate prices since December 2023, local brokers say.

    Experts point out that real estate rates in north and east Bengaluru have jumped every quarter over the past couple of years, while the southern parts of the city have appreciated slowly.

  • From renting to buying homes: What’s driving the shift in Mumbai? Financial Express

    In recent years, Mumbai’s real estate market has witnessed a notable shift from renting to buying homes. This transformation reflects changing demographics, evolving economic dynamics, and shifting consumer preferences, all of which are reshaping the city’s housing landscape. Post 2020, the way people perceived homeownership has evolved massively, thus redefining the approach of the masses towards owning a house rather than renting one.

  • 10 tips for designing a budget-friendly luxury home Housing.com

    Making your home look fancy does not have to be expensive. There are cost-effective ways to make it feel luxurious. In this article, we will share 10 simple design tips. These suggestions will help you make your home stylish and comfortable without breaking the bank. Whether you’re redecorating a room or starting from scratch, these tips will help you create a luxurious atmosphere without breaking the bank. Plan and prioritise Take a moment to plan and decide what is most important. Pause for a moment before beginning to decorate.

  • Delhi's Resident Welfare Associations give charter of demands for Lok Sabha polls Hindustan Times

    A broader focus on sustainable growth, stronger laws against air pollution the transparent use of public funds, increased public participation and a more proactive feedback process – these are among a raft of 24 demands that a conglomerate of Delhi’s resident welfare associations (RWAs) have placed before political parties in the run-up to the general elections, to ensure a “breathable, liveable” Capital.