NAREDCO Champions Affordable Housing Amidst Real Estate Boom
Amidst the current surge in the real estate sector, the National Real Estate Development Council (NAREDCO) is taking a proactive stance in advancing the affordable housing agenda. Focusing on sustainable construction practices and labour welfare, NAREDCO aims to balance the real estate boom with inclusive development measures.
As the real estate graph witnesses an upswing, NAREDCO is championing initiatives to ensure that the momentum translates into accessible and affordable housing solutions. The emphasis on affordable housing aligns with broader national goals and addresses the nee..
Urbanisation: 70 per cent of India's GDP by 2030
ACC and Ambuja Cement focus on green and sustainable construction
Ambuja Cements Limited and ACC Limited are committed to make a concrete difference in the areas of carbon footprint reduction, circular economy, protection of natural resources and welfare of the communities. Aligned with ‘Net Zero’ target for 2050 with intermediate SBTs for 2030 of parent company Holcim, Ambuja Cement and ACC have undertaken an industry-first approach - leveraging sustainable construction through green products, to reduce CO2 emissions in India.
Through innovation and R&D, the companies have developed a range of green and responsible products for high-per..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rs.50 Mn Budget No Guarantee for Luxury Housing in NCR
Despite a budget of ?50 million , luxury housing in the National Capital Region (NCR) may not be easily attainable as prices continue to soar to new highs. The real estate market in the NCR region is witnessing unprecedented price escalations, making luxury accommodations increasingly out of reach for many prospective buyers.
The surge in prices is attributed to various factors, including increasing land costs, construction expenses, and high demand for premium properties in prime locations. Developers are capitalising on the growing demand for luxury housing, leading to a significant u..