NEW DELHI: Housing sales are estimated to rise by mere 4 per cent to 2.58 lakh units across seven major cities during this calendar year on subdued demand because of liquidity crunch and overall economic slowdown, according to property brokerage firm Anarock. "Indian real estate was devoid of any appreciable forward momentum in 2019. Dwindling consumption, lacklustre investment appetite and the global slowdown overshadowed all possibilities for growth," Anarock Property Consultants Chairman Anuj Puri said. India's GDP growth rate slumped to a six-year low of 4.5 per cent in Q2 FY20. In its yearly round-up for the real estate sector, Anarock said that collectively, all four quarters of 2019 are likely to see housing sales of 2,58,410 units (assuming 56,200 units in Q4 2019) as against 2,48,300 units sold in entire 2018. Sales were better in the first half of this year but demand fell in the third quarter. Anarock tracks seven major cities -- Mumbai Metropolitan Region (MMR), … [Read more...] about Housing sales may rise marginally by 4% in 2019: Report
Investors buying up houses
NEW DELHI: Housing sales of nine major real estate companies, which are listed on stock exchanges, increased marginally 2 per cent to Rs 5,520 crore during the second quarter of 2019-20, according to a research report. The sales booking data for July-September of nine companies -- DLF, Godrej Properties, Mahindra Lifespace, Oberoi Realty, Prestige, Sobha, Puravankara, Brigade and Kolte-Patil -- has been compiled by property consultant Anarock. In the organised housing brokerage business, Noida-based Investors Clinic, Anarock, New Corp-backed PropTiger, Anil Ambani led Reliance group-backed Square Yards, Quikr Realty and Gurugram-based 360 Realtors are the leading players. "While housing sales in overall residential market recorded a decline in Q2 FY20, the housing sales value of India's top 9 listed developers remained steady during the quarter," said Anuj Puri, Chairman, Anarock. On quarterly basis, their housing sales value increased 5 per cent from Rs 5,250 crore in the first … [Read more...] about Housing sales of 9 listed players up 2% at Rs 5,520 crore in July-Sep: Report
Ratan Tata and his team faced "humiliation" when they went to sell the group's fledgling car business to Ford in 1999, but came back to "do a big favour" just nine years later by taking over the American giant's marquee brands Jaguar and Land Rover."They told us 'you do not know anything, why did you start the passenger car division at all'. They said they will do us a favour by buying our car division," a Tata Group veteran said while recalling a meeting of Ratan Tata and other top executives with Ford officials in Detroit in 1999.The Tata Motors team decided to return to New York the same evening and Ratan Tata, then the group chairman, was sombre throughout the 90-minute flight, said Pravin Kadle, who was part of the team at that time and now heads Tata Capital. "This was in 1999 and come 2008, the same Ford's JLR was bought by us. Ford chairman Bill Ford thanked Tata, saying 'you are doing us a big favour by buying JLR'," Kadle said, to a thunderous applause at an awards function … [Read more...] about When ‘humiliated’ Tata did ‘favour’ to Ford with JLR buyout!
Aries: In the starting of the week, you will become impatient and in the hurry, which will affect your way of speaking, areadvised to control your harsh speaking, otherwise you will likely to have some problems in professional and domestic life. From 16 th December late evening, situations will be under control. you will increase your intellectual assets by studying some literature or short term courses. you will be busy in kids issues, you will likely to be upset in kids performance in academics, but somehow things will be under control. Singles will be blessed by moon, they might find their soul mate. Mid of the week, will be mixed. Your kids health will make you upset. you will not be able to focus towards goals. You are advised to postpone to start new business for a while. Natives who are in the job, will plan for some short term course or higher education to enhance their career. Investors are advised to avoid make new investments in risky assets. Try to avoid risk, gamble and … [Read more...] about Weekly Horoscope, December 15-21: Check predictions for all zodiac signs
Video PlayerClose Traders work at the New York Stock Exchange in New York, the United States, on Dec. 13, 2019. U.S. stocks ended higher on Friday as investors digested updates about U.S.-China trade and a slew of economic data. (Xinhua/Wang Ying) "That gives us some comfort that what's been announced is fairly substantial. The phase-one deal is fairly credible in terms of this is a clear path towards de-escalation," said Draho. NEW YORK, Dec. 15 (Xinhua) -- The phase-one economic and trade deal between United States and China will be beneficial to business sentiment and economic growth in multiple countries around the world, an expert with Swiss financial institution UBS said on Friday. It's truly positive that China and the United States have agreed on the text of a phase-one economic and trade agreement, Jason Draho, head of Americas asset allocation at UBS Global Wealth Management, told Xinhua in an interview. Draho said another positive thing is that the substantial phase-one … [Read more...] about China-U.S. phase-one trade deal positive to business sentiment, growth: UBS expert