December 2023

Gold prices soar past $2,000 as US yields tumble on back of Fed hinting at rate cuts 2024 onwards Investor enthusiasm over the US Federal Reserve's dovish position sets the stage for a multi-year upswing in gold. Bullion saw a surge in response to the Fed's indication of three rate cuts in 2024. On the home...

The Central government’s decision to allow partial and floor-wise denotification of special economic zones through a key amendment to SEZ Rules, 2006, recently has the potential to unlock almost half, which is around 15 to 18 mn sq ft of operational SEZ space, for IT/ITeS occupiers, a report by JLL has said. Relaxed SEZ norms may unlock up to 50 percent of the vacant SEZ space, translating to...

Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards, according to an analysis by Cushman & Wakefield. Demand for Grade A offices is forecast to return to pre-pandemic levels in 2024, but record levels of new supply will cause vacancy rates to also tick upwards,(Pixabay) Also Read:...

The rental income for mall operators is expected to grow by 9-10% YoY in FY2024 and 8-9% in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations, according to an analysis by ICRA. The total grade A retail mall supply for the top six markets stood at around 105 million square feet (msf) as on September 30, 2023, and is expected to increase to...

Delhi-NCR based real estate developer M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana, and is targeting ₹5000 crore in revenue from it. M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana The company said that it has received...

Mumbai-based realtor Suraj Estate Developers Limited’s will launch its maiden Initial Public Offering on December 18 at a price band between ₹340 to ₹360 per equity share. The issue will close on December 20. Suraj Estate Developers on Wednesday said it has fixed the price band of ₹340 to ₹360 per share for its initial public offering (IPO). The initial share sale will open for public...

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LIVE: Nifty below 20,800 Ahead Of Fed; Axis Falls Post Block Deal| IT Top Loser| Mid-day Mood Check Nifty bank below 47,000 on a weekly expiry day. Nifty Gainers include NTPC,Hero Moto, Power Grid & Eicher. While the Nifty losers are TCS, Infosys, Tech Mah & HDFC Life. Catch this mid-day market mood...

Mumbai-based real estate developer, The House of Abhinandan Lodha (HOABL), has invested close to ₹300 crore for acquiring a 25-acre land parcel in Ayodhya and plans to launch a plotted development project in January 2024, a top official of the company told HT Digital. Ram ki Paidi on the banks of the Saryu River in Ayodhya.(HOABL) "The project is located around 12 to 15 minutes away from...

Adar Poonawalla, CEO of Serum Institute of India that manufactures the Covishield vaccine, has closed a deal to buy London’s most expensive house of the year worth approximately ₹1446 crore, according to a report in Financial Times. Adar Poonawalla, chief executive officer of Serum Institute of India (SII). (HT Photo) He has agreed to pay the amount for a 25,000 square foot Mayfair...