Realtors build hopes on new cities, more launches after tepid H1
Financial Express Hyderabad|December 13, 2024
REAL ESTATE COMPANIES are looking to increase the number of project launches and add new cities to boost bookings in the second half of FY25, following a muted first half due to elections and other factors.
RAGHAVENDRA KAMATH

Most developers are banking on geographical expansion, while others plan to augment the supply of mid-income housing projects for higher bookings.

Prestige Estates Projects has lined up launches across its key markets such as Bengaluru, Hyderabad, Mumbai, Goa, and Chennai, in addition to a large project in Delhi-NCR, said Irfan Razack, its chairman and MD. These projects are worth almost ₹30,000 crore of gross development value (GDV) and these will drive the sales for the next four months, he said.

"The demand remains very strong and all we need to do is get the right product to the market at the right price," Razack said. Another 4-5 launches are in the works for February and March which will also add to the inventory available for sale in the rest of FY25, he said.

هذه القصة مأخوذة من طبعة December 13, 2024 من Financial Express Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 13, 2024 من Financial Express Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Financial Express Hyderabad

Porsche billionaires are in a tight spot, again

PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.

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3 mins  |
December 18, 2024
More Indians looking to fly biz class this holiday season
Financial Express Hyderabad

More Indians looking to fly biz class this holiday season

The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.

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2 mins  |
December 18, 2024
Q2 a blip, growth to pick up again: FM
Financial Express Hyderabad

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

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1 min  |
December 18, 2024
Markets slump over 1%
Financial Express Hyderabad

Markets slump over 1%

● Investors' wealth down ₹4.92 lakh cr

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2 mins  |
December 18, 2024
EPFO weighs higher equity investments
Financial Express Hyderabad

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

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2 mins  |
December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Hyderabad

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

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2 mins  |
December 18, 2024
Financial Express Hyderabad

IIT-Madras to offer fine arts, culture courses

In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

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1 min  |
December 18, 2024
Financial Express Hyderabad

The world's busiest airline routes in 2024 are largely in Asia

Leisure continues to outshine corporate trips

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1 min  |
December 18, 2024
Financial Express Hyderabad

Not even 2% work-linked higher education courses yet: Report

EVEN AS ASSORTED government schemes are a national skill mission aiming to make India's workforce more employable, the latest TeamLease EdTech survey has revealed that barely 2% of the higher education institutions (HEIs) in the country are offering degrees that are work-linked.

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1 min  |
December 18, 2024
Financial Express Hyderabad

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

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1 min  |
December 18, 2024