While the Indian real estate sector exhibited resilience during the COVID-19 pandemic, strong consumer demand and rising incomes have resulted in major housing markets within the country growing by 40% in the first nine months of 2022. According to independent property consultant Knight Frank India, cities like Mumbai, Bengaluru, and the National Capital Region (NCR) … Read more
Los Angeles CNN — At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out. “We are human beings with the right … Read more
Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more
Mumbai: Godrej Properties, the real estate development arm of the Godrej Group, is likely to surpass its own guidance of adding projects with total revenue potential of over Rs 15,000 crore to its development portfolio in the current financial year, Pirojsha Godrej, executive chairman, , told ET. The company has added six new projects with … Read more
CNN — A Russian SU-34 fighter jet crashed into a residential building in the western city of Yeysk, which lies on the Sea of Azov, during a training flight Monday, according to Russian state media. The incident was due to one of the engines catching fire, reported RIA Novosti, which cited Russia’s defense ministry. “According … Read more
After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to Freddie Mac. Mortgage rates have more than doubled since the start of this year as the Federal Reserve continues its unprecedented campaign … Read more
The pandemic might be waning, but its lessons will linger on. Excerpts from Lockdown or Economic Destruction? throw light on how some sectors will change Automobiles This is another segment which will witness cross currents which can affect the final outcome. Let us see what works in the favour of the industry. With social distancing … Read more
(This story originally appeared in on Jan 05, 2022) NEW DELHI: Indian equities emerged as the best-performing market among not only its regional peers in Asia in 2021, but it also beat the developed market even though the market has witnessed some correction in the last one month. The year 2021 was a dream run … Read more
The real estate sector plays a multiplier effect in the development of the economy and is expected to reach a market size of USD 1 trillion by 2030, accounting for 18-20 per cent of India’s GDP, Niti Aayog CEO Amitabh Kant said on Friday. Virtually addressing an event organised by industry body CII, Kant further … Read more
By Shen Hong, Enda Curran and Sofia Horta e Costa Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors. Construction of unfinished properties with enough floor space to cover three-fourths of Manhattan grinds to a halt, leaving more than a million … Read more