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Livspace makes $180 mn in a funding round by KKR, becomes unicorn
Homebuying may soar as gross rental yield climbs to 3.62%
The Indian rental market is witnessing a surge as the average gross rental yield across 13 prime cities reaches an impressive 3.62%, according to Magicbricks' latest report. The report highlights significant growth in cities like Chennai and Delhi, which have outperformed the national average. Chennai reported a remarkable 21.3% QoQ increase in rental yields, while Delhi saw an 8.8% rise.Prasun Kumar, Chief Marketing Officer, Magicbricks, commented on the evolving investment landscape “For decades, homebuyers primarily sought properties for personal use or as a primary residence. However, to..
Rs. 70 Lakh Crore Investment in Odisha's Ports
Investment Plans for Ports: Odisha is planning to attract an investment of Rs 70 lakh crore in its ports sector by 2047. This ambitious plan will enhance the state’s maritime infrastructure, improving port facilities and making them more efficient for global trade.Economic Growth and Trade: The state government’s vision focuses on increasing Odisha's role in India’s maritime sector. By upgrading port infrastructure, Odisha aims to boost trade, create economic opportunities, and strengthen its position as a crucial player in global shipping.World-Class Port Facilities: The investment will..
Port delays and red tape strain India’s 10,000 steel user units
Over 10,000 steel user units in India are grappling with operational and financial difficulties due to significant port delays and complicated regulatory hurdles, according to the Global Trade Research Initiative (GTRI). These challenges have started to take a toll on the production and export capabilities of several industries reliant on imported steel. GTRI has called on the Indian government to streamline import processes and digitize systems to provide much-needed relief to the sector. The think tank highlighted that policies aimed at protecting domestic steelmakers, such as import restri..
