February 2024

Urban consumption driving growth of retail malls; office segment faces pressure

Urban consumption driving growth of retail malls; office segment faces pressure

Strong consumption trends are expected to drive the growth for retail mall operators whose rental income is expected to increase by 9-10% YoY in FY2024. However, the office segment, despite being resilient, is facing a slowdown in leasing from technology-based sectors due to global headwinds, a report by ICRA has said. Strong consumption trends are expected to drive the growth for retail mall...

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

The real estate sector has welcomed the Reserve Bank of India’s decision to keep the repo rates unchanged at 6.5%, saying given that housing prices have risen across most cities in the last one year, this breather by the apex bank gives a distinct advantage to homebuyers as it allows them to continue enjoying low interest rates and improves their affordability levels. RBI governor Shaktikanta...

Delhi Metro, parks, housing in focus in DDA budget | Latest News Delhi

Delhi Metro, parks, housing in focus in DDA budget | Latest News Delhi

The Delhi Development Authority (DDA) on Wednesday enhanced allocations to various public infrastructure and housing projects as well as announced aesthetic revamp of buildings and parks in various areas with the agency finalising its budget for the 2024-25, senior officials aware of the matter said. The Delhi Development Authority (DDA) on Wednesday enhanced allocations to various public...

HSVP to develop 11 new sectors in Gurugram dist | Latest News Delhi

HSVP to develop 11 new sectors in Gurugram dist | Latest News Delhi

The Haryana Shahari Vikas Pradhikaran (HSVP), the state’s urban planning agency, is set to develop 11 new residential sectors in Gurugram district, covering Gurugram city, Sohna, Pataudi, and Farrukhnagar, officials aware of the matter said on Wednesday. The Haryana Shahari Vikas Pradhikaran (HSVP), the state’s urban planning agency, is set to develop 11 new residential sectors in Gurugram...

Noida, Greater Noida markets register properties worth ₹3179 cr in Q4 2023

Noida, Greater Noida markets register properties worth ₹3179 cr in Q4 2023

Noida and Greater Noida witnessed an increase in property demand from homebuyers in the fourth quarter of 2023 with as many as 7481 transactions amounting to ₹3179 crores getting recorded, according to data shared by online real estate platform Square Yards. Noida and Greater Noida witnessed an increase in property demand from homebuyers in the fourth quarter of 2023 with as many as 7481...

New supply of retail space expected to increase by 45% by 2028: Report

New supply of retail space expected to increase by 45% by 2028: Report

New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint, a new report by JLL said on February 7. New supply of retail real estate space is expected to increase by 45% from the current 91 mn sq ft across seven major cities by 2028 as developers expand their retail footprint...

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