New Apartments Getting Smaller As Developers Make Their Offerings More Affordable

By Accommodation Times Bureau GURUGRAM: The size of the new apartments offered by developers has come down in the range of 15-17 per cent on an average in the last couple of years across the top cities in the country, according to data released today by Square Yards. “The saleable area for new

RBI reduces repo rate by 25 basis points to 6.25%

By Rohit Sharma NEW DELHI: The Reserve Bank of India’s Monetary Policy Committee (MPC) Thursday reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent. The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Repo

Smartworks leases space in Delhi NCR to expand operations

By Accommodation Times Bureau NEW DELHI: Smartworks, a workspaces provider, today announced the leasing of two new facilities in Delhi NCR; one on Delhi-Noida Expressway and the other in Gurugram. The two new centres span more than 3 lakh sq.ft. in total with a combined seating capacity of 6500 seats, providing impetus

MPC needs to back over average Interim Budget with measures to infuse liquidity

The real estate industry has been facing rough weather given the hardening demand environment which got aggravated further with the recent liquidity crisis in the NBFC sector. There are limited signals of any demand revival in the horizon, apart from the one observed in the affordable housing segment. Unless the real