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The IT sector slowdown: A blessing in disguise for Indian real estate?
Tech companies slashing the workforce in the US has been making headlines for quite some time. The trend is being witnessed even in companies like Amazon ideally considered to be relatively stable than other players in the Silicon Valley. IT companies have played a key role in the sales of premium office spaces as also residential spaces hence a slowdown implies a volatile period ahead for the real estate sector. Real estate investors in India are losing sleep over this development and are worried about the cascading impact it will have on the Indian real estate sector. However it is reassurin..
Monetary Policy Committee plans repo rates hike by 4.40%
The Monetary Policy Committee has decided to increase the repurchasing option (repo) rate by 40 basis points.
The real estate developers told the media that they believe in the repo rate hike to 4.40%. It will effectively end the low home loan interest rates that the homebuyers have been enjoying for the past 18 months. Chairman of Anarock Property Consultants, Anuj Puri, said that the price hike would end all-time low home loan interest rates, which have been driving demand for housing sales during the Covid-19 pandemic. He added that the rising interest rates and in..
Stronger tall buildings built using technology-driven design options
Time and again, rapidly expanding cities put vertical growth in the spotlight. Vertical growth keeps cities smaller, lowering commute times for city dwellers and improving quality of life.
“Vertical growth is necessitated by limited land availability, rapidly growing population and increasing land prices,” says Rahul Maroo, CEO, Omkar Realtors & Developers. “While there is a fear that higher FAR [floor-area ratio] would destroy the urban fabric, lower FAR implies higher horizontal growth, w..
Bentley Systems organises Innovation Day in Gujarat
Bentley Systems, the infrastructure engineering software company, organised an exclusive Innovation Day at ITC Narmada, Ahmedabad. The event showcased the power of digital twins and digital delivery in transforming infrastructure projects across various industries.
The company hosted the day in the presence of important government bodies, design consultants, construction contractors and project management consultants, who explored the company’s industry-leading software solutions for the transportation, construction, energy, and water sectors.
Kamalakannan Thiruvadi, Regional ..
Celebrating Two Years: Jindal Aluminium
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