The UK economy will grow faster than expected this year as it recovers from the Covid pandemic, the International Monetary Fund (IMF) has said. "Economic prospects for rich and poor nations have diverged more due to differing access to Covid vaccines," it said. In a new assessment, the IMF said t... Read more...
The 29th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q2 2021 (April - June 2021) Survey cited that the future sentiments of real estate sector stakeholders remained optimistic in Q2 2021 despite the second COVID wave that struck during this period. Further, the stakeholder... Read more...
THE THREE BIG DRIVERS — BACKLOG, REAL ESTATE & INFRASTRUCTURE DEMAND AND DISRUPTED PRODUCTION AMIDST WORKFORCE SHORTAGE ARE CONSISTENTLY RAISING THE COST OF CONSTRUCTION RAW MATERIALS A.K.A. STEEL AND CEMENT. THE SOLUTION STILL EVADES. Real estate governing bodies CREDAI and NAREDCO have ur... Read more...
Fitch Solutions What is the key view and forecast? We forecast real household spending in India to return to growth in 2021, growing by a projected 9.1% y-o-y. However, we note that the economic impact of the Covid-19 pandemic has created a significantly low base from which to grow. We estimat... Read more...
Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown. But the impact has been less severe on the real estate sector in Mysuru, where the... Read more...
Pakistan is set for its first real estate investment trust in more than six years as Prime Minister Imran Khan seeks to stimulate the economy through a construction boom.Arif Habib Dolmen REIT Management Pvt plans to raise 8 billion rupees ($51 million) via private placements in two REITs for a hous... Read more...
Gen VK Singh, MoS, MoRTH Gen (Dr) VK Singh (Retd), Minister of State for Road Transport & Highways, Govt of India addressing the second edition of Roads and Highways Summit organized by FICCI said that infrastructure in India is improving with the advent of new technologies and building of be... Read more...
Lockdowns imposed by the states in April and May to contain the second wave of the deadly Covid-19 pandemic has likely led to the economy contracting 12 per cent in the June quarter as against 23.9 per cent contraction in the same quarter in 2020, says Swiss brokerage UBS Securities India. This 1... Read more...
India’s gross domestic product (GDP) grew 1.6 per cent in the fourth quarter of 2021, marking two quarters of consecutive growth after it exited a rare recession. The Q4FY21 GDP data released by the National Statistics Office (NSO) is in line with estimates released by multiple ratings agencies ea... Read more...
UN forecasts India's economy to grow by 7.5 percent this calendar year and rebound to 10.5 percent next year with the caveat that the outlook is "highly fragile" because of the brutal COVID-19 second wave. The mid-year World Economic Situation and Prospects report said that for a global recover... Read more...