The recent spike in COVID-19 cases in the country and fears of second wave might hamper the recovery in the real estate sector witnessed in the last six months, an analysis by CARE Ratings has said. Even with the Maharashtra government, not extending the window of low stamp duty benefit could pot... Read more...
Nomura’s India Business Resumption Index (NIBRI), a measurement for tracking the extent of normalisation in the economy, has hit 98.1 points during the fortnight ended February 14. The measure may very well hit the 100 mark, which will signify full recovery by the end of this month. “The cont... Read more...
After a predicted slump of 36.5% in demand for construction in Singapore last year owing to the coronavirus pandemic, public sector orders are projected to drive a recovery this year to between S$23bn and S$28bn (US$17-21bn), Singapore’s Building and Construction Authority (BCA) stated. That would... Read more...
A record number of Canadians left major urban centers last year amid the pandemic, led by youth and young families. The nation’s three largest cities – Toronto, Montreal and Vancouver – saw a sharp jump in the number of citizens moving to suburbs, smaller towns and rural areas, according to St... Read more...
JSW Group, a few Tata Group companies and the India unit of a major multinational are among scores of firms that have either initiated or plan to begin talks with vaccine manufacturers in a first step to inoculate employees against COVID-19. The plan is to first vaccinate employees at manufacturi... Read more...
Saraf Furniture is all geared up plans to invest Rs 25 crore for its 20 acres production unit amid this pandemic situation. The company says the aim of expanding the production unit in Sardarshahar is to tackle the high demands and challenges of customers posed in the COVID era. The brand is exp... Read more...
Pradeep Aggarwal, Chairman, National Council on Affordable Housing, ASSOCHAM Despite the lower-than-normal sales traffic in the real estate sector, the affordable segment has emerged as the hot cake for the wannabe homebuyers. Post-Unlock, the segment witnessed improvement in the number of visi... Read more...
CapitaLand has been accorded the British Safety Council’s global benchmarking certification for implementing effective safety measures in all of its 10 operational business parks across India amid COVID-19. The certification was granted following a thorough assessment against the stringent glo... Read more...
Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the shock from coronavirus pandemic but this represents a 1.1 percentage point improvement from its our previous forecast, reflecting a stronger-than-anticipated rebou... Read more...
Cities have borne the maximum brunt of the COVID-19 outbreak but they will also be key to India’s post-pandemic growth as they account for nearly 70 percent of the country’s Gross Domestic Product (GDP) and an average of 25-30 people migrate to cities from rural areas every single minute, a new ... Read more...