Magicbricks’ Propindex Report Q2 reveals road to recovery for real estate
Real Estate

Magicbricks’ Propindex Report Q2 reveals road to recovery for real estate

As India’s economy has started getting back to a ‘new normal’ following the COVID-19 outbreak and the nationwide lockdown, the real estate sector has also started to witness some green shoots as home buyers are back in the market, though in lower numbers, across Tier-1 cities, reveals the...

As India’s economy has started getting back to a ‘new normal’ following the COVID-19 outbreak and the nationwide lockdown, the real estate sector has also started to witness some green shoots as home buyers are back in the market, though in lower numbers, across Tier-1 cities, reveals the Magicbricks’ Propindex Report Q2 2020. The report suggests that property buyer market sentiments are on the path to recovery, with the buyer searches on the Magicbricks property portal set to surpass the pre-COVID levels, indicating robust underlying fundamentals on the demand side.Real estate prices in the top eight cities saw a 2-9 per cent decline in April 2020. However, prices recovered in the April-June quarter to just 1-5 per cent decrease across Tier-1 cities.

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Infrastructure Energy

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

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Real Estate

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

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Infrastructure Urban

Hindalco unveils Eternia experience centre for high-performance aluminium windows

Hindalco Industries, the metals flagship of the Aditya Birla Group, has launched its Eternia experience centre in Lajpat Nagar, New Delhi, highlighting its high-performance aluminium window systems designed for India’s evolving construction sector. The company is also expanding its manufacturing footprint in North India with a new Bilaspur facility.Eternia has emerged as one of the fastest-growing brands in system aluminium windows, registering nearly 65 per cent CAGR over the last three years. With a nationwide network of 170+ channel partners across 100+ cities, the brand serves homeowners..

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