71% ultra-rich wish to invest in luxury real estate for capital appreciation
The main reason people buy in real estate now (44%) has emerged to be capital appreciation rather than lifestyle modifications.
The main reason people buy in real estate now (44%) has emerged to be capital appreciation rather than lifestyle modifications.
Rate-sensitive stocks slipped in red as the central bank raised the repo rate for the sixth time in a row, which is likely to impact consumption and demand for loans.
Trump Tower’s licensee in India, Tribeca Developers, is looking to build 3 to 5 residential luxury properties in 12 months
The BSE bankex index was the top performer with a 2% gain, led by Bank of Baroda, Federal Bank, Kotak Mahindra Bank, HDFC Bank, and SBI.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement
The property market is back on the radar as homebuyers are on a shopping spree thanks to limited supply, ample liquidity and rock bottom interest rates.
The BSE bankex, realty, and auto index gained up to 1.2% after the RBI kept the policy repo rate unchanged and retained an accommodative stance.
The startup expanded beyond real estate listing by adding payments, services, and society management to its roster to increase revenue.
A cut in personal tax rates to spur consumption could lift shares of auto, consumer durables, and FMCG companies.
Finance minister Nirmala Sitharaman says the government and the RBI are working together on measures to address the sluggishness in the sector.