Day: 8 August 2023

Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%

Vijay Raman

  Avg. prices of homes priced >INR 1.5 Cr in top 7 cities saw highest price appreciation b/w 2018 & 2023 among all 3 budget categories – from INR 12,400/sq. ft in 2018 to approx. INR 15,350/sq. ft. today At 42%, Hyderabad records the highest avg. price appreciation in the luxury category – from INR 7,450 per sq. ft. in 2018 to INR 10,580 per sq. ft. today MMR & Bengaluru each see 27% rise in avg. prices for homes priced >INR 1.5 Cr in the same period Affordable homes…

Read More

Impact of High Interest Rates on Home Buyers Across Segments

Vijay Raman

 – By Akash Pharande, Managing Director – Pharande Spaces As we await the RBI’s monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market. There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the money supply, weakening of the Indian rupee, global economic factors such as a significant increase in international crude oil prices or global market instability, inflation expectations, and overall financial stability concerns.…

Read More

Successful launch of GSAT-24

Vijay Raman

NewSpace India Limited (NSIL) has collaborated with Tata Play and launched GSAT-24 satellite in June 2022, aligned to ‘Make in India’ vision of the Government of Prime Minister Shri Narendra Modi. Tata Play commenced the use of this satellite, now in its orbital position, starting today.   The inauguration ceremony was held at Tata Play’s Broadcast Centre in New Delhi. On the occasion, Information & Broadcasting Secretary Shri Apurva Chandra expressed his happiness and said, “Congratulations to Department of Space (DoS) and Tata Play for successfully commissioning GSAT-24.  This event…

Read More

TDB signs pact to recover precious metals from waste

Vijay Raman

The Technology Development Board today signed the second agreement under the initiative “Technology intervention towards ‘Garbage Free Cities’”. TDB signed an agreement with M/s Alchemy Recyclers Private Limited, Gujarat, for the development of an Integrated Plant for the Recovery of Precious Metals from E-waste, Jewellers Waste, and Automobile Catalyst Waste’. The board has agreed to provide a support of ₹1.14 Crores out of the total project cost of ₹1.90 crores.   The Technology intervention call is aimed at encouraging proposals that will not only eliminate waste from Indian cities but…

Read More

Shilp Bhandar portal of Indian textiles and crafts launched

Vijay Raman

The Prime Minister, Shri Narendra Modi, presided over the 9th National Handloom Day celebrations at Bharat Mandapam, Pragati Maidan, Delhi today and launched the e-portal ‘Bhartiya Vastra evam Shilpa Kosh – A Repository of Textiles & Crafts’ developed by the National Institute of Fashion Technology. The Prime Minister also visited the exhibition showcased on the occasion and interacted with the weavers.   Addressing the gathering of over 3000 weavers and artisans from across the country, the Prime Minister highlighted the contribution of the handloom industry of India and said that…

Read More