Metro Financial News

The real estate market in Bangalore has witnessed a significant boom in recent times. Among the several pockets of development, certain areas have outperformed over others, in terms of development and ensuing price increase. Among all the outliers, Sarjapur, nestled in the eastern part of the city, is emerging as a focal point of exponential growth over the past five years.

Motilal Oswal, which has increased its weightage on the sector while effecting notable tweaks in energy and industrials. The changes have been made in view of Q3FY24 earnings, with rate cuts by global central banks, political continuity and institutional inflows providing the undercurrent.

Cost of Living LIVE Updates January 08: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

U-girder, has been successfully cast for the first time in India for Bengaluru Suburban Rail Project on Saturday night at Casting Yard, Devanahalli. It is an important milestone in construction of Bengaluru suburban Rail Project, the BSRP said in a statement.

Bengaluru, there's a discussion about extending the Namma Metro rail network to suburban areas, and not everyone is excited about it. Many people are asking, «Why go outside the city when the main parts are still not connected?» The deputy chief minister, DK Shivakumar, recently talked to Union Finance Minister Nirmala Sitharaman to get permission for this extension. The plan is to reach places like Bidadi, Hoskote, Harohalli, and Nelamangala. However, some are not happy with this idea.

metro ridership as daily ridership across metro systems in the country has already crossed the 10 million mark, and is expected to exceed 12.5 million in a year or two, according to Ministry of Housing and Urban Affairs. This comes after UK-based publication, The Economist claimed that India's metro rail systems are failing to attract enough passengers in its year-ending 'Christmas Double' issue, dated December 23 last year. According to a press release by the Ministry of Housing and Urban Affairs highlights the significant growth of metro rail in the country, emphasizing that daily ridership across all metro rail systems has surpassed 10 million, reflecting the evolving aspirations of a rapidly urbanizing young India. The UK publication was criticized by the Ministry of Housing and Urban Affairs for factual inaccuracies and lacking necessary context, contending that none of India's metro rail systems have achieved even half of their projected ridership. The ministry rebutted claims made by UK publications, emphasizing that over three-fourths of India's current metro rail network has been conceptualized, constructed, and operationalized in less than a decade. In 2023, India's metro rail ridership increased three times from 2019. This can be attributed to traffic congestion and a preference for faster transit options.

Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.

A top federal transportation safety official is harshly criticizing Washington's regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service

Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.

Cost of Living LIVE Updates January 05: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Union Budget 2024: Gita is your average software professional with a keen interest in following the daily trends of Indian economy to understand its impact – be it in the rise in prices of fruits or that of the stock market. She tends to connect the trends with RBI rates or FDI announcements. With upcoming year-end holidays, she is all geared up to appreciate the changes impacting her salary and plan for her new home in the next financial year.

Januhairy', an initiative that challenges women to not use their razors for the month. Despite its name, the message is everlasting and the official Instagram account of the campaign, with more than 40,000 followers, has pictures of women, who are celebrating their body hair throughout the year for normalizing it.

personal income tax, particularly in the New Tax Regime, Gupta added. The deduction limit under Section 80D for medical insurance premiums should be increased from ₹25,000 to ₹50,000 for individuals and ₹50,000 to ₹75,000 for senior citizens, reflecting rising healthcare costs.

Hansoge Enterprises has sold a hotel asset spread over 1.5lakh sft in the city in a deal estimated to be around Rs 150 crore to an ultra-high net worth individual. The midscale boutique 175-room property is located near Bangalore International Airport and is expected to be completed by the end of 2024.

Cost of Living LIVE Updates January 04: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

₹1 crore, then the maximum loan amount is capped at ₹80 lakh. It is important to note that the loan amount will be disbursed as monthly payments. In case of a medical emergency or other such cases, most banks offer lump sum payments of up to 50% (capped at ₹15 lakh) of the total loan amount.

REC Ltd has entered into an MoU with Rail Vikas Nigam Ltd (RVNL) to extend loans up to ₹35,000 crore to finance multi-modal infrastructure projectsto be executed by RVNL over the next 5 years. These projects constitute multi-modal logistics hub projects, rail infrastructure projects, road, port, and metro projects bring developed by RVNL, a power ministry statement said.

Omron Healthcare, the world's largest maker of home blood pressure monitoring (BPM) devices, is betting big on India where the number of people suffering from hypertension is on rise as the population ages and lifestyles change. In an interview to ET, Tetsuya Yamada, managing director of Omron Healthcare India, said the device maker plans to expand its footprint in India and go beyond metro cities, roll out new products, strengthen online distribution, and partner local pharmaceutical companies and startups to raise awareness. «India has just 2% penetration of home BPM; when compared to BRICS it is very low.

In 2023, the real estate sector witnessed dynamic shifts with distinct performances in the residential and commercial segments. Residential markets across cities experienced robust growth, driven by the increased demand and new supply additions.

housing demand in India. The affordable housing segment, by virtue of being in the smaller ticket segment, is relatively less rate-sensitive than the mid and luxury segments. Rate hikes of 250 bps in a short period of less than a year have had some impact on the consumer's psyche and we did see some degree of postponement in purchase when the cycle was underway.

Thereal estate market, a key driver of the country's economy, has been undergoing rapid evolution and growth in recent years. Fueled by increasing urbanisation and rising incomes, the housing sector has become a significant contributor to India's economic landscape. With a surge in demand for homes, major builders have made strategic adjustments to pricing, fostering expectations of a positive trajectory for house prices in the coming years.