Author: FWM

Average housing prices surged 11% YoY, 15th consecutive quarter of price increase starting 2021 With more than 30% rise, Delhi NCR saw the highest YoY growth, followed by Bengaluru at 24% Unsold inventory continued to drop on a quarterly basis, albeit still at high levels India, 02 December 2024: Average housing prices across the top eight markets in India rose 11% YoY at INR 11,000 per sq ft during Q3 2024, led by sturdy demand and positive market sentiments. Interestingly, average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices with Delhi NCR witnessing the highest rise at 32% YoY, followed by Bengaluru at 24% YoY rise during the quarter. After registering record high sales over the ...

New Delhi, 3rd December 2024: Vestian's latest report on ‘REITs: Reshaping India’s Commercial Space’ states that 60% of India’s total Grade-A office space qualifies as REIT-worthy, highlighting the upside potential of REITs to transform the commercial real estate investment landscape. However, India’s REIT market is currently at a nascent stage compared to major global economies with only four listed REITs, covering an area of 125 Mn sq ft across the retail and office markets. Gradually, REITs are becoming popular among foreign and domestic investors owing to attractive returns in the form of dividends. Since their inception, REITs have distributed INR 16,800 crore, more in dividends compared to the entire NIFTY Realty Index. Despite producing better returns compared to the NIFTY Realty...

Bangalore, 28 November 2024: MotoHaus, a venture of KAW Veloce Motors Pvt Ltd (KVMPL), India’s premier bike emporium, launched its first dealership in Bangalore today with Infini Energy Motors as their official Dealer Partner. This milestone marks MotoHaus’ commitment to expanding its footprint in India, offering an exciting range of iconic motorcycles and eco-friendly scooters tailored to meet the diverse needs of the city’s riders. The new dealership features a premium selection of vehicles, including recently launched, Austrian Brand Brixton Motorcycles: Crossfire 500X, Crossfire 500XC, Cromwell 1200, Cromwell 1200X along with Italian brand VLF Tennis Electric Scooter. These globally renowned bikes, recently launched by MotoHaus, bring exceptional craftsmanship to Indian riders. B...

Bengaluru: November 27: In order to redress the grievances of the public in all the wards of BBMP, Chief Commissioner Mr. Tushar Giri Nath has issued a circular appointing one officer as a nodal officer for the ward. On the instructions of  Deputy Chief Ministers and Bangalore Urban Development Minister, one officer has been appointed as Nodal Officer for each ward in all zones. It has been directed that the said officers must be present in the wards assigned to them every Wednesday during the office hours from morning to evening, hold meetings with the public, listen to their complaints and solve the problems in collaboration with other ward level officers. Necessary steps should be taken to give appropriate publicity to the public about the public meeting held every Wednesday...