The focus has moved towards premium and luxury projects priced upwards of Rs 5 crore in metros and Rs 3 crore in non-metros. This is driven by sustained demand and stronger margins, said one real estate industry executive.
As of now, the resolution process is undertaken at the level of companies and covers all the projects, stressed or non-stressed
Microsoft-owned GitHub is pursuing a broad strategy to drive adoption of its developer platform in India, targeting students, universities, and companies, COO Kyle Daigle told Moneycontrol.
Residential properties priced between Rs 2-5 crore are fast emerging as the most-active segment in India’s housing market, as buyers look to upgrade from the affordable range and developers pivot toward premium projects.
Collections and sales growth reflect continued buyer demand, steady execution and financial discipline despite a restrained launch pipeline
A Knight Frank India report estimates that by 2030, society redevelopment projects in the Mumbai Municipal Corporation of Greater Mumbai (MCGM) region will deliver 44,277 new homes worth Rs 1,305 billion.
Rising land costs, higher construction costs, higher compliance burdens and thin margins have pushed developers towards mid and premium segments. Developers are also focussing on younger buyers
Homes priced between Rs 80 lakh and Rs 1.5 crore drove record presales and steady cash flows in the June quarter, way ahead of luxury as well as affordable segments
'The waiver of ISTS charges will gradually be phased out until June 2028 for solar and wind projects. It is now time to boost other aspects such as battery energy storage and pumped hydro for which we are now offering 100% waiver in ISTS charges for 25 years,' a senior MNRE official told Moneycontrol.
Vembu predicts that AI will bring exponential productivity gains of 10X to 100X for programmers.
Homebuyers had to wait less for their homes to be completed between 2014 and H1 2024, than they did between 2010 to 2019. Kolkata, however, lagged behind other major markets in that metric
Rising rental incomes have boosted rental yields, attracting investors to the real estate sector.
Experts say primary sales in the Mumbai real estate market have softened in recent months. And the increase in launches over the past two years has led to an oversupply of inventory, prompting developers to push sales via such schemes.
While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says.
Moneycontrol on October 17 reported how Indian solar manufacturers are currently being forced to export as developers prefer imported modules due to the ALMM norm being kept in abeyance till March, 2024.
The five-member committee will submit its report in two months after investigating the allegations.
This new tool helps coders in eliminating mundane tasks, allowing them to focus on app development and other core functions.
While overall registrations dipped in May, the strength in daily sales with over 308 units registered per day and rising revenue clearly reaffirmed the robustness of Mumbai property market.
On February 15, the government issued an order stating that if any renewable energy project is not commissioned by the prescribed date of completion, then the developer will be blacklisted for a period of three to five years after asking him/her to show cause.
India's antitrust body in October fined Google $275 million in two cases, which involved abusing its dominant position in the Android operating system market, and pushing developers to use its in-app payment system.
Developers say they had paid the premiums upfront during the 50 percent waiver on charges announced by the state government in 2021; projects were delayed due to various reasons that were not in the hands of the developers.
In cases where the developer has not transferred ownership of the land and buildings to the housing society, the government is considering issuing deemed conveyance.
The MahaRERA chief said there are 1.6 crore citizens waiting for possession of these houses, which are being built with an investment of Rs 14 lakh crore.
GNIDA is hopeful of a good response from buyers because these plots are ready for allocation and are located in sectors having proximity to the upcoming Noida International Airport and eastern and western dedicated freight corridors.