Citi Financial News

The co-working space has evolved in India since its inception and has been growing at a swift pace. According to research by Mordor Intelligence, the co-working space market size in India will be USD 1.78 billion in 2023. The market is fuelled owing to the healthy and collaborative work environment it provides for clients across the spectrum, including large organisations, startups, and even small businesses.

As the real estate sector continues to witness unprecedented growth and innovation, the niche of Senior Living is emerging as a vital and undetectable sub-asset, catering to the unique needs of an ageing population. The ageing demographic is a global phenomenon, and with longer life expectancies, there is an increasing demand for housing and facilities tailored to the needs of seniors. This surge in demand has given rise to a new dimension within the real estate market, where developers and investors are recognizing the potential and long-term sustainability of Senior Living projects.

Despite property prices rising up to ~40% across the top seven cities of India over the last 24 months and higher mortgage rates, demand for luxury real estate remains high, and as much as 71% of UHNIs and HNIs in India wish to buy luxury real estate in the next 12-24 months, compared to 61% last year, according to a survey conducted by India Sotheby’s International Realty.

Gurugram, the bustling city in the National Capital Region (NCR), has witnessed a paradigm shift in its real estate landscape. According to recent survey data, Gurugram has been leading the residential real estate market, with over 13% more sales overall in NCR—particularly in the luxury segment. This illustrates the region’s increasing appeal to investors, especially in light of the notable increases in property values and rental yields, as well as the excellent connections the area provides.

Ahead of the Interim Budget to be presented next month, property developers are hoping for lower interest rates on affordable housing loans and lower taxes on such properties to boost demand in the segment.

Property registration in Pune during 2023 rose by 9.6% from its previous peak last year and reached a total of 1,52,323 registrations. According to Knight Frank India, the upsurge has led to a rise in total stamp duty collection, which was Rs 5,352 crore in 2023, up 10.5% year-on-year.

The unstoppable increase in homebuyers’ appetite for luxury residences firmly indicates that the demand for different categories of luxury properties has kept growing, showing no signs of tail-off. Unlike affordable housing, luxury housing has not witnessed a dry spell and enjoyed a phenomenal consumer demand in pre- and post-pandemic periods.

jeemain.nta.ac.in. The paper 1 exams will be held on 27, 29, 30,31 and 1 February. The exams will be held in two shift.

land deals for over 2707 acres closed in 2023 across the country up from 82 deals for 2508 acre a year ago. Backed by strong residential sales momentum across cities, at least 72% of the total land area closed in 2023 is slated to be used for residential development. “In terms of transaction size, Ahmedabad was the front-runner with the biggest land transaction in 2023.

PM Modi shares Bhajans devoted to Lord Ram 9.20 am: 'Why didn't Nehru then seize opportunity?': Member of Ram Janmbhoomi Teertha Kshetra slams Rahul Gandhi Kameshwar Chaupal, a member of the Shri Ram Janmbhoomi Teerth Kshetra Trust, lashed out at Congress for calling the January 22 Ram Temple event a "BJP event," reminding the Congress leader Rahul Gandhi that why the then Prime Minister Pandit Jawaharlal Nehru "did not seize the opportunity" when the Ram Lalla idol surfaced in 1949. Speaking with ANI, he said, "When an opportunity came 75 years ago, why did Prime Minister Jawaharlal Nehru not take advantage of it when the Ram Lalla idol surfaced in 1949?" "If they had built the Ram Temple, the BJP would not have needed to say anything about it," he added.

News18. Recently, low-cost carrier SpiceJet announced that it is set to launch non-stop flights connecting Ayodhya with three Indian cities from February 2024. Spicejet flights will connect Ayodhya with Mumbai, Bengaluru, and Chennai from 1st February.

Ayodhya has emerged as the new branding hotspot for India Inc with companies like Coca-Cola, Reliance, ITC, Dabur, Adani Wilmar, Emami, and Parle Products rushing to get the maximum visibility for their products to capitalise on an anticipated influx in devotees to the holy city. Shops and dhabas or roadside restaurants in the city as well as on highways connecting the major Uttar Pradesh cities of Lucknow, Gorakhpur and Varanasi with Ayodhya are witness to coolers, signboards and vending machines being set up by these firms sporting their branded products. In addition, parks, branded gates, changing rooms for devotees, activity zones, stalls, incense paths, and experience centres are also being opened, executives at these companies said. Coca-Cola said it has swapped its trademark red colour branding with brown colours to go with the "temple theme".

Trichy district administration has banned the flying of drones ahead of Prime Minister Narendra Modi's visit to Trichy Srirangam Sri Ranganathasamy Temple on January 20th, an official statement issued on Wednesday said. «The use of drones is banned in Trichy City from January 17 to January 20. Trichy District Collector Pradeep Kumar also warned of severe action against those flying drones and other objects during the Prime Minister's visit,» read the statement Prime Minister Narendra Modi will visit Maharashtra, Karnataka and Tamil Nadu on January 19 and launch multiple development projects in the three states, according to an official release on Wednesday.

Colliers International Group Inc., which says prime office values tumbled about 30% from their pre-Covid high in some of the nation’s major cities. “Given how deep prices have corrected, there are lots of bargain-hunting opportunities," said Jimmy Gu, a deputy managing director and co-head of capital markets and investment services at Colliers. “It all depends on buyers’ outlook for the economy." Grade-A offices in Shanghai and Beijing used to be sought after by global real estate funds, making them more attractive than those in New York and London.

₹5,000 crore, two people directly familiar with the development said. Shriram Housing Finance is a midsize housing finance company with assets of over ₹10,000 crore. The sale is part of the Chennai-headquartered conglomerate’s plan to redesign its growth strategy.

MEXICO CITY (Reuters) -Mexico's Grupo Financiero Banorte reported on Wednesday a 13% increase in its net profit for the final three months of last year, driven by loan growth and lower costs, and predicted its revenue would grow around 10% in 2024.

By Tatiana Bautzer

There is both good news and bad news for Atlantic City's casinos and racetracks that took sports bets in 2023

The return of a struggling newspaper from an investment firm to a local owner would normally be cause for celebration in the troubled news industry

The manufacturer of the helmet that Chiefs quarterback Patrick Mahomes shattered during their AFC wild-card game with Miami says it “did its job” by protecting him on a helmet-to-helmet collision Saturday night

Nigerian authorities say two people have died and 77 others have been injured in a massive blast that rocked more than a dozen buildings in one of the country's largest cities