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 Urban

President Murmu Boosts Gorakhpur University Projects

President Droupadi Murmu today inaugurated key facilities at Mahayogi Gorakhnath University in Gorakhpur, Uttar Pradesh, including a new auditorium, an academic block and a Panchkarma Kendra, and laid the foundation stone for an additional girls’ hostel. Commending the institution’s dual focus on allopathy and Ayurveda, she welcomed plans for an 1 800 bed Shri Gorakshanath Medical College Hospital and Research Centre.Praising private, philanthropic institutions under the National Education Policy 2020, the President noted that Mahayogi Gorakhnath is the first private univ..

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Infrastructure Transport

Cabinet OKs Rs 18.5 Bn Four Lane NH 87 in Tamil Nadu

The Union Cabinet has cleared a Rs 18.53 billion plan to upgrade 46.7 kilometres of National Highway 87 between Paramakudi and Ramanathapuram to four lanes. At present, this section is a two lane bottleneck that links Madurai, Rameshwaram and Dhanushkodi, and regularly suffers jams and accidents.Scheduled to be built under the Hybrid Annuity Mode, the new highway will intersect five other national highways (NH 38, 85, 36, 536 and 32) and three state highways (SH 47, 29 and 34). It will also strengthen multi modal links to Madurai and Rameshwaram railway stations, Madurai Airport, a..

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Infrastructure Transport

Pune Metro to Add 15 Trains, Cut Wait Time to 3 Minutes

In a bid to enhance commuter convenience and prepare for two newly approved corridors, Pune Metro has announced plans to add 15 new trains — totalling 45 coaches — to its existing fleet. This will increase the total number of trains from 34 to 49 and coaches from 102 to 147.Currently, Pune Metro serves over 1.7 lakh passengers daily using 34 trains, of which 31 are operational. The new trains, each consisting of three coaches, will be deployed once construction on the new Swargate–Katraj and PCMC–Nigdi lines is complete. These projects were approved in August 2024 and October 2023 resp..

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