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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 […]

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 […]