FLAT
Delhi sees luxury housing boom as developers bet on high-rise gated communities
The luxury real estate sector in Delhi is witnessing a notable uptick as homebuyers show heightened interest in upscale flats and secure communities. Recently, the NBCC achieved remarkable sales of luxury units in Chanakyapuri, surpassing their initial price expectations. Meanwhile, major developers such as DLF and TARC are set to unveil innovative residential projects, maximizing redevelopment opportunities in key urban areas.
Kalpataru confident of achieving ₹6,500 crore pre-sales target in FY27, says CFO
With a pre-sales target of ₹6,500 crore for this fiscal year, Kalpataru is navigating through the current market landscape. Although sales bookings remained stable at around ₹2,600 crore in the initial half, the housing demand shows resilience against global uncertainties. The CFO is confident about a strong second half, anticipating a surge in sales due to festive season activities, having recorded ₹5,280 crore in the last fiscal year.
Nine rescued after ceiling slab collapses in Thane building
On Sunday morning in Thane, a ceiling slab of a flat collapsed, trapping residents inside. Rescue operations involving the fire brigade and local police quickly followed, ensuring safety for all trapped individuals. Nine residents, including an elderly couple, were successfully brought out unharmed after the incident. The collapse occurred in a four-storey building known as Ganraj Society located in Vartak Nagar.
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Malayalam actress Athulya Chandra, 2 others arrested in Kerala: Doctor alleges being lured to Kochi flat, beaten up; gadgets worth Rs 3.25 lakh stolen
Malayalam actress Athulya Chandra and two others have been arrested in Kerala after a doctor accused them of luring him to a Kochi flat and assaulting him. He alleged that the group stole gadgets worth Rs 3.25 lakh. Twelve people have been named in the case, while police investigate the motive and possible honey-trap angle.
How to save money on gold jewellery making charges: Understand these basics to get the best deal this Dhanteras
Jewellers calculate gold jewellery costs based on the purity and making charges that vary greatly. Flat-rate and percentage making charges can lead to significantly different total costs. This is why you should compare the complete pricing that includes gold value and applicable charges. Promotional offers such as discounted making charges need careful evaluation to ensure value. Know how you can to save on making charges this Dhanteras.
Dollar holds, yen gains as equity rout saps risk appetite ahead of payrolls
The dollar maintained its ground against key currencies as traders flocked to safe havens following a volatile market downturn. Concerns mounted over a potential Democratic majority in Congress, raising alarms about stricter regulations on the artificial intelligence sector. Meanwhile, the yield on 10-year Treasury bonds declined, signaling shifts in Federal Reserve interest rate outlooks. The euro remained stable against the dollar, with the yen and Swiss franc making gains.
Is a home loan a guarantee of a clear title to the property? The answer may surprise you; here is what you need to know
Prospective homebuyers should exercise caution by thoroughly examining property titles prior to their purchases. Legal professionals warn that banks' verification methods often fall short when it comes to uncovering potential disputes related to property titles. Since India lacks an implied warranty law, the onus of title verification rests solely on the buyers. It’s advisable for homebuyers to seek independent legal advice to ensure the property title is unambiguous.
US midterm elections: Gems & jewellery industry keeps its fingers crossed
India's gems and jewellery industry is optimistic about a potential trade agreement with the United States. Industry leaders believe that a trade deal could enhance export competitiveness and safeguard jobs. The anticipated agreement follows the Democrats' recent success in the US midterm elections. Concerns remain regarding job losses in Surat if tariffs and trade uncertainties persist. Revenue for India's natural diamond industry is projected to remain flat this financial year.
Gold price correction to lift Dhanteras sentiment, but sales volumes likely to remain flat: Jewellers
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
Gold price prediction: Will gold bounce back on Wednesday? Check outlook for November 4
On the MCX, gold prices ended flat, while silver gained momentum to close higher. As for international prices, spot gold dipped 0.3% to $3,948.75 per ounce, while US gold futures for December delivery gained 0.1% to $3,943.20. Spot silver fell 0.2% to $49.67 per ounce.
Rs 9,000 crore land assets monetised so far in FY27
The NLMC, which is working under the aegis of the Department of Public Enterprises under the finance ministry, also has land assets worth another Rs 4,000-5,000 crore belonging to public sector undertakings (PSUs) in the pipeline. These are at various stages of processing, providing an additional pipeline of potential transactions.
Dollar under pressure as oil prices slump, Australia rate decision awaited
The dollar experienced fluctuations as oil prices dropped amid potential US-Iran diplomatic developments. Meanwhile, the Reserve Bank of Australia is expected to announce an interest rate hike this week. Central banks in Britain, Norway, and Sweden are also set to provide policy statements. The Australian dollar remains steady as economic indicators suggest mixed growth. Market sentiment is influenced by ongoing AI-related stock market concerns and upcoming US midterm elections.
Rupee ends flat at 94.90 despite fall in oil prices
The Indian rupee closed at 94.90, witnessing a range from 95.03 to 94.69. Market participants remained on edge with the US midterm elections looming, impacting overall sentiment. Despite falling oil prices and a weaker dollar, there was an uptick in dollar demand. Notably, Foreign Portfolio Investors turned net buyers, purchasing ₹3,114 crore, lending slight support to the rupee.
J Estates partners with Emoha for senior living project in Gurugram
Gurugram-based J Estates is collaborating with Emoha to develop J 36, a senior living project in Sohna. This initiative aims to integrate residential design with elder-care services for residents and their families. The project will feature 190 units with various apartment configurations and an estimated sales potential of Rs 525 crore. Emoha will contribute its expertise to enhance the resident experience through community support and wellness programs.
Before directing Heat, Michael Mann worked as a taxi driver, cook and construction worker. Hollywood legend injured after gun range accident
On October 31, filmmaker Michael Mann, best known for Heat (1995), sustained an accidental gunshot wound at a Los Angeles shooting range during a training exercise. At 83, he was promptly hospitalised; however, it was confirmed that his injury was superficial. Mann is known for his diverse odd jobs like a janitor, construction worker and taxi driver. His next project is a sequel to his iconic film, Heat.
85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest
Allahabad High Court has ordered the demolition of two illegal 10-storey towers at Ghaziabad's Gulmohar Greens and extra floors in four other towers. It directed an FIR against Friends Land Developers, imposed a Rs 25 lakh penalty and ordered refunds to 85 ground-floor residents for common areas sold illegally, with 10% interest.
₹25 lakh flat in ₹100-crore DLF Camellias? Gurgaon agent explains how to do it legally
DLF Camellias in Gurugram offers a unique blend of luxury living and affordability with its upscale apartments and Economically Weaker Section flats. Many buyers are drawn to the investment potential of these affordable units, bolstered by their prime location. Eligibility for EWS flats is aimed at families earning below ₹1.8 lakh annually.
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