India’s residential market is witnessing a phenomenon the place the rise in value of homes might presumably crowd out finish customers or actual consumers, with traders coming in and making a bigger play. Sequential slowdown in gross sales is already seen due to value rise placing homes out of attain of consumers. Choose micro-markets like … Read more
The funding within the edtech sector has declined by 87 per cent since 2021, in accordance with a report by market intelligence platform Tracxn, nevertheless, the long-term outlook of the sector stays sturdy. Funding within the sector appears to have bottomed out in 2023 as traders put in $164 million within the first half of … Read more
The Indian Structure recognises Bengaluru, together with Delhi, Mumbai, Kolkata, Pune, Hyderabad, and Chennai, as metro cities. Nevertheless, solely 4 cities—Delhi, Mumbai, Chennai, and Kolkata—qualify for the 50 per cent Home Lease Allowance (HRA) exemption underneath Earnings Tax laws. Bengaluru has lengthy sought to be included on this listing, however the Centre just lately confirmed … Read more
Trade leaders have predicted South Indian cities – Chennai, Bengaluru, and Hyderabad – will expertise substantial development in knowledge centre institution on account of beneficial circumstances. In keeping with a Colliers India report, South India will evolve as a world knowledge centre panorama, with a projected development of 65 per cent in capability by 2030. … Read more
Workspace supplier WeWork India, in a bid to increase its presence in India, launches WeWork 37 Cunningham in Bengaluru and Galaxy Enterprise Park in Noida. The brand new workspaces are set to open in September and October 2024 and plan to cater to the rising demand within the versatile workspace market in India. The brand … Read more
Business leaders have predicted South Indian cities – Chennai, Bengaluru, and Hyderabad – will expertise substantial development in knowledge middle institution because of beneficial situations. Based on a Colliers India report, South India will evolve as a world knowledge middle panorama, with a projected development of 65 per cent in capability by 2030. “Bengaluru, Chennai, … Read more
The true property market within the South is geared for substantial development, pushed by rising leasing actions in Chennai, Bengaluru, Kochi, and Hyderabad. Ram Chandnani, Managing Director, Advisory & Transactions Providers, CBRE India, stated he attributed this development to developments throughout training, infrastructure, price of dwelling, and rental charges. The primary half of 2024 noticed … Read more
Enterprise AI platform Glean Applied sciences has opened a central hub for its operations in India, together with finance, gross sales, analysis and growth, and enterprise operations. The Sequoia Capital-backed firm is trying to triple its headcount to over 450 workers by subsequent yr from the present 150 because it seems to be to develop … Read more
Puravankara Restricted, a realty main headquartered in Bengaluru has introduced the acquisition of a 7.26-acre land parcel in Hebbagodi, Bengaluru. The mission is anticipated to have a saleable space of round 750,000 sq ft, with a possible Gross Improvement Worth (GDV) of greater than ₹900 crores, in accordance with a press launch. Hebbagodi, situated close … Read more
Actual property main Godrej Properties stated it has offered 2,000 houses value over ₹3,150 crore on the launch of its Godrej Woodscapes, in Bengaluru. The corporate introduced that it has achieved over 500% QoQ progress in gross sales in Bengaluru surpassing its full 12 months FY24 gross sales in South India throughout the first quarter. … Read more