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Even as the sales in the housing sector have witnessed growth in the first quarter of the current year, emerging headwinds could pose a challenge in the short-term. Nearly 1,13,770 units sold in Q1 2023 across the top 7 cities, said the latest ANAROCK Research data. This is a 14 per cent yearly rise against approximately 99,550 units sold back in Q1 2022. The two leading western markets -- Mumbai Metropolitan Region and Pune accounted for over 48 per cent of the total sales in the to...
Emerging headwinds could pose challenge in short-term for housing sector
Maharashtra has announced a boost to various big and small infrastructure projects including a web of Metro Rail network for the Mumbai Metropolitan Region (MMR), Deputy Chief Minister and Finance Minister Devendra Fadnavis said, tabling the state Budget 2023-2024. Putting the state onto the national $5 trillion economy ambition with a contribution of $1 trillion, and boosting the state share from 14.2 per cent to 20 per cent in the national GDP, Fadnavis announced major infrastructure dev...
Maharashtra plans mega boost to infra projects for all-round progress
Prime Minister Narendra Modi will inaugurate the Phase-I of the Mumbai-Nagpur Samruddhi Mahamarg (Super Communication Expressway) and take a tour of the new thoroughfare on Sunday, officials said here on Saturday. The 520 km-long Phase I is part of the total 701 km Super Expressway project linking the state capital Mumbai with Nagpur, passing through 10 districts. Being constructed at a cost of around Rs 55,000 crore, it is among the country's longest greenfield six-lane expressway ...
Prime Minister Narendra Modi to inaugurate 1st phase of Mumbai-Nagpur Super Expressway on Sunday
While sales of affordable housing have recorded a dip during the first half of the year, Indian luxury housing has performed remarkably well post the pandemic, with overall sales rising steeply across the top seven cities. Latest ANAROCK Research data finds that of nearly 1.84 lakh units sold in these cities in H1 2022, about 14 per cent (approx. 25,700 units) were in luxury homes. Contrastingly, of 2.61 lakh units sold in the whole of 2019, just 7 per cent (approx. 17,740 units) were in t...
Affordable Housing sales dip, luxury segment up
Key News Construction firm J Kumar Infraprojects bags Rs 1,307.8 cr order from MMRDA Civil engineering and construction company J Kumar Infraprojects Ltd on Monday said it has bagged an order worth Rs 1,307.88 crore from the Mumbai Metropolitan Region Development Authority. In a regulatory filing the company said the order is for part design and construction of balance works of Mumbai Metro Rail project Carlyle Group to acquire controlling stake in PNB Housing Finance Pr...
Key News - Mumbai Metropolitan Region Development Authority, Carlyle Group, Cipla Ltd, CRISIL, NBFC by ARETE Securities
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