‘₹80k for 2BHK now reasonable’: Asset manager says India’s middle class is getting squeezed

‘₹80k for 2BHK now reasonable’: Asset manager says India’s middle class is getting squeezed

A construction boom is reshaping India’s big cities but not in the way renters had hoped. New towers are rising fast across Mumbai, Delhi-NCR, Bengaluru, and Hyderabad. Yet rents are only getting steeper. “Normally, you’d expect that if there’s more supply in the market, prices should go down, right?” asks Bengaluru-based asset manager Rohit Sansanwal … Read more

BRS terms payment of salaries on 1st of every month as false claim

BRS terms payment of salaries on 1st of every month as false claim

BRS leaders visiting a tribal welfare residential school student undergoing treatment in NIMS Hospital in Hyderabad on Saturday, following her illness due to food poisoning on December 10. HYDERABAD Senior leader of Bharat Rashtra Samithi (BRS) T. Harish Rao has stated that the State government has not been paying rents of Anganwadi Centres, wherever they … Read more

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

Will home buying affordability rise to a three-year high in 2024? Here's what experts say

In the ever-changing landscape of real estate, the potential for acquiring a home may reach a better level, compared with the last three years, by 2024. Looking at market dynamics, price, affordability, and economic indicators, analysts say the prospect of homeownership appears increasingly within reach for many in the coming year. Let us further explore … Read more

Small traders to get new shops at old fish market in Vellore at lesser rent

Small traders to get new shops at old fish market in Vellore at lesser rent

Small traders and hawkers will get new shops at the old fish market opposite to the fort complex in Vellore soon. | Photo Credit: C. Venkatachalapathy Small traders, including hawkers, will soon get permanent space to sell their products as the Vellore Corporation has decided to reduce the daily rent for new shops at the … Read more

Manufacturing investments rose in FY18 as rent, profits fell

Manufacturing investments rose in FY18 as rent, profits fell

Manufacturing sector investments grew 10.24% in 2018-19 over the previous fiscal even as the rent payout and profits fell while the interest paid increased. As per the final Annual Survey of Industries (ASI) for 2018-19, that ET has reviewed, gross fixed capital formation (GFCF), was Rs 3.44 lakh crore compared to Rs 3.12 lakh crore … Read more