Real Estate

Real Estate news section.
17.May.24 11:06 AM

A Town Where Hope and Despair Collide in the Shadow of Migration

Kantabanji, a town in western Odisha known for its annual migration of workers, is buzzing with hope this year as Chief Minister Naveen Patnaik contests from the seat, raising expectations for development and an end to the exodus. Despite the Lower Suktel irrigation project and promises from political parties, locals remain skeptical and demand concrete action to create jobs and improve their lives.
17.May.24 10:25 AM

L&T Buildings & Factories Secures Orders, Including Medical College Project in Kolkata

Larsen & Toubro (L&T), a leading engineering and construction conglomerate, has announced that its buildings and factories business vertical has secured multiple orders. These orders include a significant project to construct a medical college and hospital campus in Kolkata for the Institute of Neurosciences Kolkata.
17.May.24 9:40 AM

China's Housing Market Slumps Despite Rising Factory Output

China's housing market continues to struggle, with prices falling 9.8% in the first four months of 2023 despite rising factory output and government efforts to revitalize the industry. The government remains optimistic about a rebound in demand, but the continued weakness in the housing market raises concerns about the overall health of the Chinese economy.
16.May.24 7:27 PM

Supreme Court Issues Contempt Notice to DDA Vice Chairman Over Felling of Trees in Delhi

The Supreme Court issued a criminal contempt of court notice to the Vice Chairman of the Delhi Development Authority (DDA) for violating court orders related to the felling of trees in Delhi's Ridge Forest area. The court expressed displeasure over the misleading affidavit filed by the vice chairman and the continuous tree felling despite knowing it required court permission.
16.May.24 5:39 PM

Reserve Bank Warns of Prolonged Housing Affordability Challenge

The Reserve Bank of Australia (RBA) acknowledges the ongoing struggles with housing affordability, indicating that there is no quick solution in sight. Despite challenges, there are some positive signs of a potential improvement in the housing supply market, with developers predicting increased new supply in response to underlying demand.