CAG reports incomplete projects of MMRDA

          By Accommodation Times News Service The Comptroller and Auditor General (CAG) of India have strongly shown the disappoint towards MMRDA and the principal secretary and the state urban development department for their incomplete projects. MMRDA has completed only 38 projects out of the city’s proposed 157 infrastructure. The total cost of the

CAG questioning the unsafe building in Mumbai

By Accommodation Times News Service The Comptroller and Auditor General (CAG) has questioned the mechanism adopted by the Mumbai Building Repair and Reconstruction Board (MBRRB) for identifying old and dilapidated cessed buildings in Mumbai. The report states that there are many difficulties to measure the efficacy of survey methodology adopted

Demand across six key cities to increase at a CAGR of 7% during 2012-14 : CRISIL

Accommodation Times News Services CRISIL Research expects real estate developers’ earnings and return on equity (RoEs) to improve next year. Sustained growth in demand, expected to improve on interest rate cuts likely next year, will be a key determinant for the improvement in industry’s profitability and RoEs. Over the past two

Chicago: What’s in it for Indian Cities? A Dialogue (CII Event)

India is in the midst of a massive economic, technological and social transformation. Key among India’s challenges is how it will deal with its extraordinarily rapid population growth, increasing urbanization, housing, urban planning, transportation, pollution and global warming, among others. These are challenges that all emerging 21st century economies must

Indian Hospitality expected investment of USD 2.8 billion by 2022: Report

By Accommodation Times Bureau The Indian Hospitality Sector is likely to expect an investment of USD 2.8 billion by 2022 and is set to witness the addition of 30,000 rooms by 2022 to the existing inventory of 128,000 rooms, according to Meraqi report. Indian Hospitality Sector has been witnessing considerable signs of recovery since 2016, primarily

Building materials industry to grow by 10% in 2019 backed by massive infra developments

By Ashwin Reddy, Managing Director, Aparna Enterprises Ltd The building material industry is the second largest employer in the country after agriculture, providing a significant contribution to the nation’s economy and employing a large number of people. Currently, it is valued at approximately $126 billion and is accounting for around 8% of India’s

Mid-Market Housing touches 42% of total transactions in second half 2018-19: Report

By Rohit Sharma MUMBAI: The share of mid-market houses costing Rs 20-50 lakh in the overall residential sales in the country has been progressively rising, touching an all-time high of 42 per cent of total transactions in the second half of the current financial year 2018-19, according to data released by Square Yards. The mid-market houses

Boost to Real Estate: Rise of e-commerce increases rates of Logistic & Warehouse

  By Rohit Sharma MUMBAI: The logistics and warehouse sector has rapidly seen the transformation in quality and quantity. It is been seen that as many as companies are investing in logistics and warehouse industry. Due to the rapid growth of E-commerce industry, it has automatically increased the demand for logistics and warehousing.