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Residential sales hit 15-year July high, premium homes dominate: HSBC Report
Economic Times
·
1d ago
Medial
India's residential real estate market is recovering after a FY25 decline, with recent growth highlighted in an HSBC report. July 2025 marked a 15-year high in sales, driven by premium homes, particularly 3-4 BHK units. Despite a slight inventory increase, demand remains robust, with NCR and Bangalore showing notable growth. Premium and larger apartments are driving the market's rebound, suggesting a new growth phase for Indian residential real estate.
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Sustained demand, infra revamp drive Mumbai property market to best-ever H1
Economic Times
·
2m ago
Medial
In the first half of 2025, Mumbai's property market achieved its strongest-ever performance due to sustained demand, lower home loan rates, and infrastructure upgrades. The city saw over 75,933 property deals, a 5% year-on-year increase, generating Rs 6,727 crore in stamp duty. Despite rising property prices, demand for large, high-value homes remains strong. Reduced home loan rates and significant infrastructure projects like metro expansions are expected to keep housing sales robust. Compact homes dominate transactions.
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New order! Factory activity touches 16-month high in July
Economic Times
·
1m ago
Medial
India's manufacturing activity reached a 16-month high in July, with the HSBC Purchasing Managers' Index (PMI) rising to 59.1. Growth was driven by robust increases in new orders, output, and stock purchases. Sales surged at a five-year high pace, fueling production growth. However, business confidence dipped to a three-year low amid concerns over competition and inflation. Hiring slowed despite ongoing recruitment efforts, while inflationary pressures persisted due to rising raw material costs.
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Properties worth Rs 1.17 lakh crore sold by 18 listed realty firms in FY24; Godrej properties at top
Money Control
·
1y ago
Medial
Major listed real estate developers in India have reported higher sales bookings in the 2023-24 fiscal year compared to the previous year. Godrej Properties emerged as the leader with sales bookings amounting to Rs 22,527 crore, followed by Prestige Estates Projects at Rs 21,040 crore. The surge in sales can be attributed to increased housing demand post-COVID-19 and a preference for established developers. The residential segment contributed significantly to overall sales. The trend showcases the recovery and growth of the Indian real estate market and the demand for luxury homes.
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Shriram Properties aims to double sales to ₹5,000 crore by FY27, led by mid-income housing | Mint
Livemint
·
1y ago
Medial
Shriram Properties Ltd aims to double its sales to ₹5,000 crore by 2026-27, driven by robust mid-income housing sales and consolidation in the real estate sector. The Bengaluru-based developer plans to deliver around 15-16 million sq ft of residential projects with annual sales of ₹5,000 crore by FY27. It is venturing into Pune, in addition to its existing operations in Bengaluru, Chennai, and Kolkata. Shriram Properties unveiled a new brand identity, 'SPLNxT', focusing on mid-market and mid-premium projects.
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Startups dominate the list of Karnataka based companies in 2023: Hurun India Report
Thehindubusinessline
·
1y ago
Medial
According to the '2023 Burgundy Private Hurun India 500' report, startups dominate the list of Karnataka-based companies, with 61 companies in total, 35 of which are startups. The cumulative value of companies from Karnataka is ₹22 lakh crore, with Infosys being the most valuable company at ₹5.7 lakh crore. Swiggy, Zerodha, and Razorpay are among the top startups in Karnataka. The report highlights Bengaluru as a magnet for investment and a hub for high-growth potential. The total sales of Karnataka companies on the list increased by 32% compared to last year.
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Mumbai property market hits 13-year high in April sales
Inshorts
·
4m ago
Medial
Mumbai's real estate market hit a 13-year April high with 12,142 property registrations, driven by strong residential demand and a surge in luxury home purchases. Knight Frank India credited favourable RBI rates and rising lifestyle aspirations. Western suburbs lead, but growth in South-Central Mumbai also surged, signalling a robust outlook for 2025.
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Young Indians are driving credit growth by riding premium, living swanky. But there’s a catch
Internet
·
1y ago
Medial
India's credit boom is driven by young consumers seeking premium goods, leading to growth in luxury real estate and automobile industries. Personal loans, accounting for 30% of non-food credit, primarily fund homes and vehicles. This trend reflects a shift from industrial to personal credit growth, with high-end real estate sales reaching record levels. Professionals are adapting to meet these new consumer demands.
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DLF aims Rs 2,500 cr sales from new housing project in Mumbai; launch within 2 weeks
Economic Times
·
2m ago
Medial
DLF Ltd, India's largest real estate firm, plans to enter the Mumbai housing market with a luxury project in Andheri, expected to generate sales of Rs 2,500 crore. The project will feature over 400 homes in its first phase, offered at Rs 5-7 crore each. Having received necessary regulatory approvals, DLF is set to launch this project within two weeks, marking its entry into Mumbai’s residential property market.
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Kia India sales up 8 pc in July
Economic Times
·
1m ago
Medial
Kia India reported an 8% increase in total sales for July, with 22,135 units sold compared to 20,507 units the previous year. This growth was bolstered by the newly launched Carens Clavis and its EV variant. Additionally, the company exported 2,590 units in July. The steady sales performance reflects customer trust and Kia's commitment to delivering high-quality, feature-rich vehicles that meet evolving customer needs, stated Kia India Chief Sales Officer Joonso Cho.
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Smartphone brands shift focus to offline sales in smaller towns
Economic Times
·
2m ago
Medial
Smartphone brands in India are shifting focus from online sales to offline channels, especially in smaller towns, to boost premium handset sales. This is due to a decline in online sales and a realization that physical stores still dominate distribution in many areas. Brands like Xiaomi and Motorola are adopting an omnichannel strategy, reducing reliance on e-commerce and expanding offline presence with financing options and price parity, anticipating sustained demand through these channels.
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