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Luxury homes priced between ₹10–12 crore saw the highest demand, offering the ideal mix of value and exclusivity. Hebbal led the pack as the top-performing market with 22% of total sales value for apartments above ₹10 crore. Apartments sized between 5,000–7,000 sq. ft. have emerged as the most in demand, signalling a clear preference for spacious, upscale living. Bengaluru, April 16, 2025: For the first time ever, Bengaluru’s ₹10 and above, luxury real estate market has crossed the ₹1,000 crore mark in annual sales, marking a new benchmark for the city’s premium housing sector, according to a report by India Sotheby’s International Realty and CRE Matrix. A striking 42% of Bengaluru’s total ₹10 crore+ luxury home sales over the last four years came in FY25 alone — a clear sign...

Rules mandates gas meters to undergo testing, verification and stamping prior use in trade and commerce 14 APR 2025 12:40PM by PIB Delhi The Department of Consumer Affairs, Government of India, has taken a significant step towards strengthening consumer protection, promoting fair trade practices and ensuring accurate measurement in gas usage by framing draft rules for Gas Meters under the Legal Metrology (General) Rules, 2011. These rules make it mandatory for all gas meters used for domestic, commercial, and industrial purposes, to undergo testing, verification and stamping prior to their use in trade and commerce.  The re-verification of these gas meters is also prescribed under the rules to ensure their correctness when these are in use. The primary objective of these new rules i...

Mumbai, March 29, 2025: According to Knight Frank’s Asia-Pacific Logistics Highlight H2 2024 the Asia-Pacific (APAC) logistics market saw marginal rental growth of 0.2% in year-on-year (YoY) terms marking a significant slowdown. The study noted that Delhi – NCR at 2.8%, Mumbai at 2.3% and Bengaluru at 1.5% recorded YoY rental growth higher than regional average. Though 14 of 17 tracked cities observed rent increases in H2 2024, overall rental growth slowed due to challenging conditions in Chinese Mainland, especially in Beijing and Shanghai.  Rents for logistics spaces in the region registered an average of 0.2% growth in 2024, a considerable deceleration from the 7.0% clocked in 2023, and down from the 2.0% increase from six months ago. Melbourne’s market led the region in terms of ren...