India-based JSW Cement has entered into definitive agreements to raise up to INR15.000bn from two global private equity investors, Apollo Global Management Inc (through its managed funds) and Synergy Metals Investments Holding Ltd. The transaction is a structured private equity deal wherein c... Read more...
Sydney’s runaway prestige housing market is expected to continue its bull run for the rest of the year. The luxury residential market is tipped to rise 10 per cent this year, making it the world’s leading city for luxury property growth, according to global property consultancy Knight Frank’s ... Read more...
The Asian Development Bank (ADB) has downgraded India’s economic growth forecast for the current financial year to 10 percent on 20th July, from 11 percent projected earlier this year, mainly on account of the adverse impact of the coronavirus pandemic. India’s GDP growth recovered to 1.6 p... Read more...
The average price of a luxury property in Sydney, Australia, is set to rise 10% this year, the biggest jump of any city included in Knight Frank’s prime residential price forecast, released on 21st July in the U.K. Next year, Sydney is on track to share the top spot with London. Average price... Read more...
The closure of Sweden's biggest cement factory on environmental grounds could cause up to 400,000 job losses and wipe out the country's GDP growth, according to an alliance of construction bodies. Cement plant license rejected on environmental grounds. Byggföretagen based its figures on an imp... Read more...
Realty developer Sunteck Realty has reported 74% on-year rise in bookings at Rs 176 crore for the quarter ended June led by the performance of its mid-income and affordable housing projects. Collections for the quarter also grew 165% from a year ago to Rs 172 crore, the company said in its regula... Read more...
Brick&Bolt’s strategic entry in the Hyderabad market will complement its existing presence in Bengaluru and Mysore. Powered by state-of-the-art technologies, Brick&Bolt simplifies the construction process for the inexperienced by making it transparent, ensures zero overhead costs and enabl... 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...
Wavin, an innovative pipes and fittings solution provider for the building and infrastructure industry, has announced the acquisition of the Dura-Line manufacturing facility in Hyderabad, India. With this takeover, the company reinforces its commitment to the government initiatives such as “Make i... Read more...
Gera Developments on 7th July released the July 2021 edition of their bi-annual report, titled ‘The Gera Pune Residential Realty Report’. The report is an outcome of the longest-running, census-based study of the residential realty market of Pune. It is based on primary and proprietary research ... Read more...