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MUMBAI: Housing demand declined by 8.7% quarter-on-quarter during Oct-Dec even as supply rebounded by 3.4% across key cities, hinting at a phase of measured moderation in India’s residential real estate market. Residential prices rose by 1.5% QoQ and 16.9% year-on-year during the quarter, the slowest pace of appreciation recorded during the last two years, according…
This is a representative image. NEW DELHI: Manufacturing activity in the country eased in Dec, marking the slowest improvement in the health of the sector in two years as export orders slowed and employment in the sector moderated while business sentiment faded to its lowest in nearly three and half years, a survey showed on…
NEW DELHI: Goods and services tax (GST) collection growth moderated in Nov, following a massive overhaul of the structure, including rate reduction on 375 items, although govt asserted that it had helped boost consumption and the mop-up trends were in line with its estimate.During Nov, based on transactions in Oct, collections (excluding cess) went up…
NEW DELHI: Magicbricks has released the rental Index for the July-Sept quarter, highlighting that the rental market is resetting after three quarters of strong activity. The report showed that average rents continued to strengthen, rising 4.4% quarter-on-quarter and 18.1% year-on-year, even as key metros displayed differing levels of tenant activity during this period.National rental demand…
File photo (Picture credit: ANI) India’s services sector saw its slowest pace of growth in five months during October, as competitive market pressures and heavy rainfall in some regions weighed on business activity.According to the monthly HSBC India Services PMI Business Activity Index, compiled by S&P Global, the seasonally adjusted reading fell to 58.9 in…
NEW DELHI: Industrial output growth moderated in Aug, led by manufacturing, which eased during the month after a robust outcome in July. Meanwhile, mining rebounded after four months, and the electricity sector rose to a five-month high.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an…
