Phase 3 of the Bengaluru Metro has received approval from government

Property Investment in China Falls 10.4% -On-Year

Property investment in China fell 10.4per cent in the first eleven months of 2024 from a year earlier, after dropping 10.3per cent in January-October, National Bureau of Statistics (NBS) data showed on Monday. Property sales by floor area in January-November fell 14.3per cent from a year earlier, versus a 15.8per cent drop in January-October. New construction starts measured by floor area declined 23.0per cent on year, after a 22.6per cent drop in the first 10 months. Funds raised by China's property developers were down 18.0per cent from a year earlier after a 19.2per cent fall in Jan..

Air Quality Panel For Delhi-NCR Invokes Anti-Pollution Measures

The Centre's air quality panel for Delhi-NCR Monday invoked restrictive measures under stage three of the air pollution control plan amid a sharp dip in air quality due to unfavourable meteorological conditions. Delhi's AQI stood at 367 at 2 pm. Poor air quality, caused by unfavourable weather conditions, often persists from November to January. "Considering the highly unfavourable meteorological conditions including calm winds and very low mixing height leading the AQI of Delhi into the higher end of the very poor category, the panel's sub-committee on Graded Response Action Plan decides to i..

Gross Leasing Of Office Space Set To Rise 14%

Gross leasing of office space across eight major cities is likely to rise 14 per cent to touch a record 85 million sq ft this calendar year, according to Cushman & Wakefield. The gross leasing of office space stood at 74.6 million sq ft in 2023 across eight cities -- Bengaluru, Hyderabad, Mumbai, Delhi-NCR, Chennai, Pune, Kolkata and Ahmedabad. "India's office real estate has consistently been witnessing more than 70 million sq ft of gross leasing volume (GLV) since 2022 across the top 8 cities. The current year 2024 is likely to register a historic high volume of 83-85 million sq ft of GLV," ..