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Record High in EPFO Membership: July 2024 Sees Unprecedented Growth

Significant Surge in Organized Workforce as Nearly 20 Lakh Members Join The latest provisional data from the Employees’ Provident Fund Organisation (EPFO) has revealed a historic milestone, with the addition of 19.94 lakh net members in July 2024. This marks the highest increase in the organized workforce since the payroll tracking began in April 2018. […]

India’s $7-Trillion Dream: JPMorgan’s Dimon Optimistic About Growth Under Modi

A Vision for the Future India is on track to become a $7-trillion economy by the end of the decade, driven by robust infrastructure initiatives under Prime Minister Narendra Modi, according to Jamie Dimon, chairman and CEO of JPMorgan. Multinational Confidence in India As Per Economic Times Dimon said that JPMorgan banks 850 multinational companies […]

India’s Outward Remittances Surge to Record High Amidst Travel Boom

July Sees $2.8 Billion in Remittances as Leisure Travel and Weddings Drive Spending India has experienced a significant increase in outward remittances, reaching a remarkable $2.8 billion in July 2024, marking the highest level in the past ten months. This surge raises questions about the underlying reasons for such a spike. While many may assume […]

Indian Real Estate Set for a Quantum Leap: Projected 16% Annual Growth to Reach $10 Trillion by 2047

Indian Real Estate Set for a Quantum Leap: Projected 16% Annual Growth to Reach $10 Trillion by 2047

Urbanization and Demographics Drive Robust Market Expansion India’s real estate sector is poised for significant transformation, with projections indicating a remarkable 16% annual growth rate that could propel the market to a staggering USD 10 trillion by 2047. This optimistic forecast is detailed in a comprehensive report by Colliers in collaboration with the Confederation of […]

Breakthrough for Homebuyers: Greater Noida Authority Approves Registry of 800 Apartments After 27-Year Delay

A Long-Awaited Resolution for Senior Citizens In a significant development for homebuyers, the Greater Noida Authority has finally granted permission for the registry of approximately 800 apartments, ending a 27-year legal stalemate. This decision comes as part of a broader initiative to streamline ownership processes and protect the rights of residents, particularly those in the […]

Tier 2 Cities: The New Frontier in India’s Real Estate Boom

Tier 2 Cities: The New Frontier in India’s Real Estate Boom

A Shift in the Urban Landscape India’s real estate market is witnessing a significant transformation as Tier 2 cities emerge as the new engines of development and investment. Traditionally dominated by Tier 1 cities like Mumbai, Bangalore, and Delhi-NCR, the real estate focus is now shifting towards smaller cities, fueled by affordability, growth potential, and […]

Luxury Real Estate Developers Turn to Interior Design to Captivate Homebuyer

Luxury Real Estate Developers Turn to Interior Design to Captivate Homebuyers

As the luxury real estate market flourishes, developers are increasingly integrating interior design to enhance the appeal of their properties, responding to the desires of discerning homebuyers. Tapping into a $32 Billion Market India’s home decor market is currently valued at over $32 billion, yet less than 10% is controlled by organized players. Recent years […]

Indian Investors Rush to Secure Greek Properties Before Golden Visa Changes

Surge in Real Estate Purchases Ahead of New Investment Thresholds As Greece prepares to revamp its Golden Visa Programme on September 1, Indian investors have been quick to capitalize on the current investment landscape, leading to a remarkable 37 percent increase in property purchases between July and August. This influx is largely driven by a […]

Revolutionizing Real Estate: CareEdge Analytics Launches REITsInfraEdge Platform

New Portal Promises Enhanced Data Access for Investors in Indian REIT Market Mumbai, September 18, 2024 – In a significant advancement for the real estate and infrastructure sectors, CareEdge Analytics has unveiled REITsInfraEdge, a cutting-edge data benchmarking platform aimed at transforming how investors engage with Real Estate Investment Trusts (REITs) in India. Launched with encouragement […]

NCR Office Space Transactions Surge: Large Leases Dominate Market in 2024

Knight Frank India Reports 61% of H1 Transactions in Spaces Over 50,000 sq. ft. New Delhi, September 19, 2024 – The National Capital Region (NCR) is witnessing a significant transformation in its office space market, as new data from Knight Frank India reveals that 61% of all office transactions in the first half of 2024 […]