Alok Saraf, Associate Partner, Grant Thornton Bharat LLP The real-estate industry, passing through protracted recession even before the pandemic which worsened it manifold, pins its hope on the Budget for swift revival. The sector expects a two-pronged approach from the Budget — a just GST regi... Read more...
The renowned real estate developer Karda Constructions Limited has reported a strong growth momentum in new bookings (pre-sales) in the third quarter of the current financial year (Q3 FY20-21), indicating a turnaround in India’s housing sector. The company reported a healthy 22.34% year-on-year... 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...
As per the National Statistics Office, the estimated H2FY21 recovery in overall growth will likely be driven by services sector contracting around 1.1 percent in H2FY21 as against 15.9 percent in H1, led by real estate services among others. The National Statistics Office (NSO) on January 7 relea... Read more...
Shrugging off the Covid pandemic-induced slowdown, the country’s construction sector is poised for good times in FY2022 due to strong pipeline of projects and various government measures aiding growth. Rating agency ICRA has projected a ‘stable’ outlook for the construction sector stating t... Read more...
The seasonal uptick in demand is playing out as expected, with volumes bouncing back in the last few weeks from the weakness seen in November (due to festive holidays). Cement industry volumes have remained strong on the back of rural housing and a pickup in government spending (particularly in... Read more...
The government has identified investment prospects worth Rs 1.02 lakh crore across sectors overseen by 23 key ministries and departments, as it seeks to fast rekindle growth impulses through a virtuous cycle of investments and soften the Covid blows to the economy. It has identified a total of 80... Read more...
Dr Niranjan Hiranandani, National President, NAREDCO and Managing Director, Hiranandani Group stated that, “The snowball effect of fiscal impetus has resulted in a positive forecast of India’s GDP growth. Indian real estate remains a predominant driver for employment after agriculture and has a... Read more...
Ashwin Reddy, Managing Director Aparna Enterprises Ltd Over the last decade, there have been many events that have impacted the global economy and industries at large, however, COVID 19 has been different. It has caused a spiral effect on all industries, especially the manufacturing segment. The ou... Read more...
South Korea’s housing market is strengthening after several years of lacklustre performance. House prices rose by 4.73% during the year to Q3 2020, sharply up from the previous year’s 0.83% growth and its highest growth in 13 years. During the latest quarter, house prices increased 1.57% from th... Read more...