Cement Industry Surge: IndiaMART’s Report Highlights Major Growth Trends and Future Projections

IndiaMART’s latest report, “Cementing Growth: An Indian Perspective on the Cement Industry,” highlights significant trends and future projections for the cement sector. Unveiled ahead of National Concrete Day, the report reveals the industry’s growth trajectory, its economic impact, and the rising demand driven by infrastructure and housing. With 15.5 million enquiries registered in the past five years, the report underscores the pivotal role of cement in India’s economic development.

Worli Flat Sold for ₹115 Crore

Ashley Nagpal, promoter of Ebco Pvt Ltd, and his wife Bianca have acquired a 7,139 sq ft luxury apartment in Mumbai’s Worli for ₹115 crore. The property, situated in Three Sixty West, saw a final stamp duty of ₹4,55,02,000 after a rebate. The transaction highlights the continued demand for high-end real estate in Mumbai.

Know How Much your Housing Price will Increase?

A Reuters poll forecasts a 7.8% rise in India’s house prices for 2024, primarily driven by luxury real estate demand. The CREDAI Housing Price Tracker reveals substantial price hikes in Bengaluru, Hyderabad, and Delhi NCR, while Mumbai’s prices remain stable.

NRI Asks: Is ₹1.25 Crore Enough to Settle in India? Reddit Responses Highlight Affordable Cities and Challenges

An NRI planning to return to India with ₹1.25 crore asked Reddit if this amount is enough to settle comfortably, especially in tier-2 cities like Noida, Lucknow, and Patna. Responses from the Reddit community provided valuable insights on affordable cities and adjustment challenges, confirming that tier-2 cities offer a viable and economical alternative to expensive metropolitan areas.

For the First Time India Achieved Top 10 Global Rank for Real Estate Transparency

India has made history by entering the top 10 in JLL’s Global Real Estate Transparency Index (GRETI) 2024. This achievement reflects the country’s progress in financial regulation, climate risk disclosure, and streamlined building regulations. Despite notable improvements, India faces challenges in dispute resolution and data access.