Merlin Group to invest Rs.20 bn in Pune

Global Gains

With luxury homes mushrooming across the country and a legion of aspirational home buyers seeking global standards of living, many major developers are turning to international architects for project design.

“As the market share of luxury homes is increasing at a steady rate, demand for global architects is on the rise,” affirms Saket Mohta, Managing Director, Merlin Group. “Project design has assumed the role of a decision-maker for buyers who seek an overseas level living experience in India. In fact, the realm of luxury real..

State of the steel sector

India is the world’s second-largest producer of crude steel with an output of 125.32 million tonne (MT) of crude steel and finished steel production of 121.29 mt in FY23. Its finished steel consumption is anticipated to increase to 230 MT by 2030-31. However, domestic steel producers are affected by the surge in imports. According to CRISIL, imports may touch the 6 MT mark (from 1.2 MT) this fiscal.

So, what should be done to navigate a balance between domestic manufacturing fortification and managing the influx of imports? For some answers, and to learn more about measures to reduc..

Union Budget 2024-25: Opinions

Some key highlights related to cement and the building material Industry are:

# Government to launch a scheme to help deserving sections of the middle class living in rented houses or slums or chawls and unauthorised colonies to buy or build their own houses - Likely positive for cement and building material.

# Capex outlay for next year increased by 11.1 per cent to Rs 11.11 tn i.e. 3.4 per cent of GDP – Infrastructure development remains in focus.

# Three major economic railway corridor programmes will be implemented. These are

a) energy, mineral and cement c..

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..