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Bengaluru Reigns Supreme: India’s Hub for Global Capability Centres

Bengaluru: The GCC PowerhouseBengaluru has established itself as India’s premier destination for Global Capability Centres (GCCs), capturing a remarkable 36% of the GCC workforce in the first two quarters of FY25. A report from TeamLease Digital highlights the city’s dominance, driven by a thriving high-tech sector that constitutes 37% of the workforce. Professional services, particularly […]

Mumbai's 2024 Housing Lottery Draws Unprecedented Interest: Over 1.34 Lakh Applications Received

Mumbai’s 2024 Housing Lottery Draws Unprecedented Interest: Over 1.34 Lakh Applications Received

Massive Engagement Signals Strong Demand for Affordable Housing Mumbai, September 25, 2024: The Mumbai Housing and Area Development Board (MHADA) has reported an extraordinary response to its 2024 housing lottery, attracting 1,34,350 applications for just 2,030 available flats. With 1,13,811 applicants confirming their participation through the submission of the Earnest Money Deposit (EMD), this year’s […]

Flex Spaces Surge as Corporations Embrace Flexible Work Environments

Occupancy Levels Soar Above 80% Across Major Markets Mumbai, September 25, 2024: A new report from Knight Frank India, titled Flexing the Future: Assessing the Readiness of Flex Spaces for Evolving Commercial Real Estate Demands, reveals that flex workspaces are experiencing exceptional demand, with occupancy rates exceeding 80% in all major office markets. Notable cities […]

Festive Surge: Housing.com Reports 10% Spike in Online Home Searches for August 2024

Delhi-NCR Leads the Pack, Indore Shines in Tier-2 City Category National, September 25, 2024 – Housing.com, India’s premier proptech platform, has unveiled its latest findings from the IRIS (Indian Residential Index for Online Search) Index, revealing a notable 10% month-on-month increase in online property search activity for August 2024. This surge propels the index to […]

Demand for Housing Sees Strong Growth in Q3 2024, Residential Demand Surges by 12.3% Amidst Rising Property Prices: Magicbricks Report

The Indian real estate market continues to experience a significant surge in residential demand, with a 12.3% increase quarter-on-quarter (QoQ) between July and September 2024, according to Magicbricks’ latest PropIndex Report. The rise in demand comes alongside an 8.3% increase in residential prices across major cities. Price Hikes in Key Markets The report highlights notable […]

Indian Startup Funding Sees Marginal Decline in 2024, Funding Drops 7% in the First Nine Months

Indian startups witnessed a slight dip in funding during the first nine months of 2024. According to data from Tracxn’s India Tech 9M 2024 report, total funding fell by 7% to $7.6 billion, compared to $8.2 billion during the same period last year. Additionally, the number of funding rounds decreased significantly, from 1,579 in 2023 […]

India’s Economic Outlook Brightens: Moody’s Boosts Growth Forecast to 7.1% for 2024

Forecast Revision Signals Positive Trends in Domestic Demand and Investment Moody’s has raised its growth forecast for India in calendar year 2024 to 7.1%, an increase from its previous estimate of 6.8% made in June. This upward revision highlights India’s potential to outpace the global economy and reflects a broader trend in the Asia-Pacific region. […]

Interest Rates Set to Drop Next Month: A Boon for Home Loan Borrowers

As October 9 approaches, home loan borrowers may receive a significant relief with a potential reduction in EMI payments. According to a recent report from S&P Global Ratings, the Reserve Bank of India (RBI) is expected to cut the repo rate, benefiting not only individuals but also the real estate sector. Economic Growth Projections Remain […]

93% of F&O Traders Are Losing Money: The Hidden Dangers of Futures and Options Trading

The Growing Trend Despite Losses Despite the inherent risks, the number of investors engaging in futures and options (F&O) trading continues to rise. This segment, often perceived as a quick way to make money, is reportedly causing significant losses for ordinary investors. A recent report from the Securities and Exchange Board of India (SEBI) reveals […]

Haryana’s New FAR Rate Hike: A Game Changer for Property Development

Rising Construction Costs Set to Reshape Urban Landscape Construction costs for large properties in Haryana are on the rise, following a significant increase in Floor Area Ratio (FAR) rates announced by the Department of Town and Country Planning (DTCP). This adjustment marks the first hike since 2016 and reflects the escalating demand for land in […]