Construction sector to contribute 15% to Indian GDP  by 2030

By Accommodation Times Bureau MUMBAI: Recently, Global NICMARians hosted Construction Leadership Conclave where more than 400 construction and real estate professional participated in it. During the event Raghvendra Singh Bisen – Vice President (EPC) Head Project Controls and Project Management, Oberoi Realty said, the share of the construction sector to GDP is

GDP growth will robust in 2018-19: NITI Aayog

By Accommodation Times Bureau NEW DELHI The Vice Chairman of NITI Aayog, Dr. Rajiv Kumar has said that the GDP growth will become more robust in 2018-19. Reacting on the growth estimates released today, he said that the Second half GDP growth in 2017-18 has risen to 7% bringing the annual growth

UAE Ministry of Economy: “UAE’s GDP is now less reliant on oil, thanks to diversification and higher investment inflows”

By Accommodation Times News Services Annual Investment Meeting 2015 to highlight the importance of industrial Dubai, UAE, 21 February 2015: The UAE Ministry of Economy, the organizing body of the Annual Investment Meeting (AIM), has announced that the industrial investments would be one of the key topics at the 2015 edition to be held

Realty Sector will be adding 6.3% contribution in country’s GDP in 2013

By Accommodation Times News Service In the inaugural session of Natcon 2013, one of the CREDAI’s flagship real estate event happened in Moscow on 27 Housing and Urban Poverty Alleviation, Government of India released a joint report by CBRE & CREDAI titled “Assessing the Economic Impact of India’s Real Estate Sector’. This very special

PM says GDP growth can bounce back, Japan Inc to invest in infra projects

By Accommodation Times News Service Prime Minister Manmohan Singh, expressed confidence that the economy will return to the growth path of 8%. Inviting Japanese investments in the infrastructure sector, he told captains of the industry here that a target of $ 1 trillion has been set for the sector in the

Realty sector contributed over 30k cr. to Delhi’s GDP

By Accommodation Times Bureau New Delhi: In the fiscal year 2011-12 the real estate sector has contributed more than Rs.30,000 crore to the Delhi’s GDP of 3.13 lakh crore. This move has brought strong position for city’s economy. In the latest Delhi Government report cited that, the realty sector contributed Rs

Maharashtra Government – Infrastructure Pace Vs. GDP Growth

By Mahesh Mudda Early in 2007 India joined the select ranks of 12 countries to have a Trillion Dollar GDP (in nominal terms). Predictions by various expert groups indicate that for the next two decades GDP growth in real terms would be in the region of 6 to 9 %

RBI lowers repo rate by 25 bps to 6%

By Rohit Sharma NEW DELHI: Reserve Bank of India’s Monetary Policy Committee (MPC) today decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0 per cent from 6.25 per cent. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and

New Development Bank plans to double loan book this year by $16 billion

By Accommodation Times Bureau CAPE TOWN: The New Development Bank (NDB), plans to almost double its loan book to $16 billion this year and increase its impact, as the Bank seeks to broaden its global development partnerships and mobilise more institutional and private capital. NDB is a multilateral finance institution established by Brazil,