Housing prices stay flat at 2.7%, growth to be in same range in FY22

24 Jun 2021 CW Team

Housing prices appeared to be recovering in the Q4 of FY21 as the economy emerged gradually from the pandemic. Growth of 2.7% in the RBI HPI looked like a stepping-stone in the upward direction as it rose from 1.1% in Q2 to 2.2% in Q3 of the year, according to a report by CARE Ratings. However, the second wave in April has disrupted the sector as it has affected livelihoods and spending power as well as diverted attention to health for majority of households. While there can be some pent-up demand emerging during the year, the impact on prices in FY22 would tend to be moderated. A concern here is the spike in global commodity prices which has been witnessed even in India.

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Infrastructure Urban

06 Aug 2026

Odisha Orders Upload Of Project Data To PM GatiShakti

The Odisha government has directed major infrastructure departments to upload existing project data on the Prime Minister GatiShakti National Master Plan (PMGS-NMP) portal by the end of July. The Planning and Convergence department (P&C department) will act as nodal department and the Odisha Industrial Infrastructure Development Corporation (IDCO) will continue as nodal agency for coordination and technical support. The move is intended to expedite integrated infrastructure planning. The revised framework, approved after high-level meetings with the concurrence of Chief Minister Mohan Charan M..

CCI Clears Brookfield, Approves Go Digit Merger

The Competition Commission of India has approved Brookfield Asset Management's proposed acquisition of certain entities of the Oaktree group. The regulator said the approval covers acquisition of Oaktree Capital Group Holdings and the Oaktree Equity Plan. Brookfield Asset Management, controlled by Brookfield Corporation, oversees more than US dollar one tn in assets under management. The CCI published its decisions after standard review of market overlaps and relevant competitive effects across the affected sectors. In a separate clearance, the CCI approved the amalgamation of Go Digit Infowor..

SAIL And Krakatau Steel Plan US$350 Mn Indonesia Stainless Slab Plant

Steel Authority of India Limited (SAIL) and Indonesia's Krakatau Steel plan to invest up to US$350 million (US$350 mn) in a stainless steel slab plant in Indonesia, sources said. The proposed facility will have an annual capacity of 500,000 metric tonnes (t) and is expected to be operational within three to four years. The investment and capacity figures were disclosed by two Indian sources familiar with the matter and follow a preliminary agreement reached earlier this month. The companies intend the arrangement to secure slab supply for downstream processing in India. The firms signed a prel..