Latest news with #000-12
Time of India
10-07-2025
- Business
- Time of India
Proximity to Metro corridor pushes up real estate demand and prices in Pune city areas
1 2 Pune: With the connectivity of Metro services improving in several parts of the city, real estate prices along the corridor have seen a significant boost. Micro-markets such as Hinjewadi, Wakad, Baner, Balewadi, Tathawade, and Aundh — which are aligned with the under-construction Hinjewadi-Shivajinagar Metro line — have seen a surge in premium home sales, with units priced from Rs1-2 crore growing by over 300% since 2021, according to the Confederation of Real Estate Developers' Associations of India (Credai) Pune. Similarly, it adds that proposed Metro-connected zones in Pimpri Chinchwad, including Punawale, Ravet, Moshi, and Pimple Saudagar, have recorded strong growth in affordable and mid-segment housing. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "Property rates in Pune have risen by approximately 25-30% on a per square foot basis, driven by strong demand, larger unit sizes, and infrastructure improvements like the Pune Metro. Premium areas such as Baner, Aundh, Kalyani Nagar, and Bavdhan have witnessed sharper increases of up to 35-40%, while emerging micro-markets like Moshi, Wagholi, and Ravet have seen steady appreciation in the range of 20-25%," Manish Jain, president of Credai Pune, told TOI. Metro proximity has become a strong value driver. Properties located within approximately 500m of Metro stations have recorded annual price appreciation ranging from 10-25%, said Aakash Agarwal, managing director of Krisala Developers. "Cumulatively, this translates to a substantial compound increase between 25% and 80% over the last three years, depending on the specific location and stage of Metro development in that area," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 새로 나온 "실비보험" 최적가 가입추천! "月 보험료 낮추고, 보장은 실속있게"... 굿리치 [등록번호:제2006038313호] Undo "We have seen areas like Hadapsar, Hinjewadi, Vanaz, and Wagholi develop impressively in terms of real estate value," said Sachin Bhandari, executive director and CEO of VTP Realty, adding, "Years before Metro connectivity was a reality, we had developed the Mahalunge area with a world-class township. Metro expansion has further maximised the real estate value of this region. We are exploring further projects around the route. " Ritesh Mehta, senior director and head of west, north and east residential services and developer initiatives at JLL, echoed that several key locations along Metro routes have witnessed a spike in end-user and investor interest, especially where connectivity has improved or is expected to soon. Data from JLL shows that average prices per square foot in Kharadi have risen from Rs6,000-7,000 per sq ft to Rs8,000-9,500 per sq ft; in Shivajinagar, prices per sq ft have shot up from Rs11,000-12,000 per sq ft to Rs13,500-15,000 per sq ft. Buyers also see this development as an investment opportunity, with property prices expected to appreciate in value by 20-25% over the next three to five years. Areas with good proximity to Metro routes, including Hinjewadi, Kharadi, Pimpri Chinchwad and Shivajinagar, have seen a strong increase in buyer interest, said market observers. "I was looking to invest actively in real estate two or three years ago, and someone suggested that I should purchase property close to the upcoming Metro corridor in Pimpri Chinchwad. In just one year, prices of my property appreciated by 15-20%," Mumbai resident Dushyant Singh told TOI. Kedar Shirke, a resident of Undri, purchased a property in Kharadi in 2023 and rented it out. "Rentals have already started zooming, and I am getting much higher rents this year than I did two years ago," he said. According to data from online real estate platform NoBroker, properties in areas such as Bhosari, Dapodi, Bopodi, Vanaz, Kalyaninagar, and Ramwadi have seen a spike in demand. "Property prices have risen by 28-35% since 2021-22. Rents have spiked by 30% in the same period," said Saurabh Garg, co-founder and chief business officer of NoBroker. As new Metro lines come up, places such as Hinjewadi are slated to see higher interest. Hinjewadi is also the cheapest market on the Metro line right now, Rohit Gera, MD of Gera Developments, told TOI. "We have acquired land next to the proposed Balewadi Metro station and are in the process of designing a mixed-use project of a million square feet, with mid-size apartments, retail, and co-living spaces. We will cater to the rising demand from people working in the IT, automobile, and hospitality industries, with a large chunk of sales to young professionals in the 25-35 age group," said Kapil Gandhi, MD, Sigma One Universal.
The Star
09-07-2025
- Business
- The Star
Prices of fruits in Vietnam drop despite bumper harvest
Many fruits are currently sold at only VND20,000-30,000/kg at Xuan Khanh Market, Can Tho City. - HCM CITY: Prices of fruits such as lychees, durians and rambutans have dropped sharply across Vietnam due to low market demand. Nguyen Ngoc Nga, a vendor at Thi Nghe Market (HCM City), said although the lychee season was nearing its end, supplies remained abundant and prices hit their lowest levels in years. Last year, lychees were sold for VND60,000-70,000/kg, but now the price dropped to just only around VND25,000/kg. In Northern Vietnam, Tru Huu Commercial Service Cooperative in Bac Ninh Province, said that despite a bumper harvest, lychee's profits had dropped significantly. The basic-grade lychees at Luc Ngan gardens were selling for VND7,000-12,000/kg, while top-grade lychees fetched only VND15,000-30,000/kg. In HCM City, retail durian prices have fallen by 30-35 per cent year-on-year. Ri6 durians are selling for as low as VND40,000-65,000/kg, while Thai varieties range from VND65,000-80,000/kg, and the prices in the Mekong Delta are even lower. Other fruits in HCM City such as rambutans (VND15,000-25,000/kg), 034 avocados (VND20,000-25,000/kg) and king oranges (VND5,000-7,000/kg) are also seeing sharp declines, causing concern among farmers. The Vietnam Fruit and Vegetable Association said major fruits such as durians, lychees and rambutans had a good season, with lychee output estimated at over 300,000 tonnes. However, domestic demand was low and durian exports to China were not as good as expected, causing prices to decrease. The association also said that from May to July, many fruits hit peak harvest at the same time. China remained the key buyer, accounting for over 90 per cent of Vietnam's durian exports, but export value so far this year was only 30–35 per cent of last year. - Vietnam News/ANN
Express Tribune
05-07-2025
- General
- Express Tribune
Soaring food prices dampen traditional niyaz preparations in Hyderabad
With the advent of the holy month of Muharram, Azadari (mourning) rituals in the second biggest urban centre of Sindh are in full swing, as processions of zuljinah, alam, tazia and Jhola mark the city's religious landscape. Alongside these commemorations, the preparation and distribution of nazr and niyaz have also reached their peak. However, a steep rise in the prices of essential food items, particularly spices, meat, and firewood, has forced many community members to turn to catering services instead of preparing meals at home. Organisers of large-scale niyaz say runaway prices have made it financially unviable to cook at home. As a result, they are placing orders at local cooking centres for ready-to-serve meals to distribute among mourners. Traditionally, the first 10 days of Muharram witness the highest volume of niyaz distribution in Hyderabad, with a variety of food items, including biryani, haleem, sweets, etc, served across the city. This year, however, people are feeling the pinch. The prices of staple dishes have seen a sharp increase. The cost of a 10kg deg of chicken biryani has jumped from Rs10,000-12,000 to Rs15,000-16,000, while a beef biryani deg of the same quantity now costs between Rs20,000 and Rs22,000 — a significant rise from last year's Rs15,000-16,000. Haleem has also become more expensive. A 100kg haleem deg that used to cost around Rs17,000 is now being sold at Rs22,000 to Rs25,000 by catering services. Meanwhile, some have shifted to distributing simpler food items such as dal-roti, halwas, and channa.
Time of India
19-05-2025
- Time of India
5 affordable holiday destinations in Europe, Asia as vacation alternatives to Turkey, Azerbaijan
If you're looking to make a change, here are five alternative international destinations that offer rich experiences within the same expenditure. As Indians drop Turkey and Azerbaijan from their holiday plans, we bring you five affordable and culturally rich alternatives across Europe and Asia. By Yasmin Hussain. Tired of too many ads? Remove Ads 7 Days in Georgia Tired of too many ads? Remove Ads 7 Days in Serbia Tired of too many ads? Remove Ads 7 Days in Greece 7 Days in Thailand 7 Days in Vietnam With public sentiment turning decisively against Turkey and Azerbaijan over their stance on the India-Pakistan tension, many Indian travellers are reconsidering their travel platforms such as MakeMyTrip, Cleartrip, and Ixigo have reported a significant spike in cancellations for trips booked to Turkey and Azerbaijan. To show solidarity with the national sentiment, travel aggregators have suspended bookings and removed promotional offers for both travellers are now making plans for nations perceived as more friendly and welcoming to Indians. A typical budget trip to Turkey or Azerbaijan costs Rs.1-1.5 lakh per person—including round flights, visa, accommodation, activities, food, and local transport. If you're looking to make a change, here are five alternative international destinations that offer rich experiences within the same for one personRs.30,000 round trip (Delhi/Mumbai to Tbilisi; off-peak, Mar-Apr)Rs.1,800Rs.1,000 per day per head (meals, coffee, snacks)Hotel Rs.2,000- 3,000 a night (Rs.21,000 a week)Car rental Rs.2,000 a day(Rs.10,000-12,000 for 4 days)Georgian Lari (GEL),Rs.1.0.032 GEL (as of May 2025)Rs.2,000Rs.9,000-11,000Tbilisi, Kakheti wine region, Gergeti Trinity, BatumRs.1.1-1.2 lakh for one personRs.60,000 round trip (Delhi/Mumbai to Belgrade; off-peak, Mar-Apr)Rs.2,700Rs.1,700 per day per head (meals, coffee, snacks)Hotel Rs.2,000-3,000 a night (Rs.19,000 a week)Rs.800-1,000 a daySerbian Dinar (RSD), Rs.1.1.22 RSD (as of May 2025)Rs.2,000Belgrade, Novi Sad, SuboticaRs.1.1-1.3 lakh per personRs.45,000 round trip (Delhi/Mumbai to Athens; shoulder season, Mar-Apr)Rs.10,000-12,000Rs.2,500 per day per headHotel Rs.3,000 a night (Rs.21,000 a week)Scooter rental Rs.2,800-3,000 a day, car rental Rs.3,800-5,000 a dayEuro,Rs.1.0.01 Euro (as of May 2025)Rs.2,000Rs.4,000Athens, Paros, Naxos, SantoriniRs.80,000- 1 lakh for one personRs.20,000 round trip (Delhi/Mumbai to Bangkok; off-peak, Apr-May/Jul-Sep)Rs.2,500; visa on arrivalRs.1,200-1,500 per day per headHostel Rs.700-800 a night, hotel Rs.1,500-2,000 a night (Rs.14,000 a week)Taxi Rs.1,500-2,000 a day, ferry Rs.160 a ride per head, internal flights Rs.2,500-4,000 per person (total Rs.13,000-15,000 for a week)Thai Baht (THB), Rs.1.0.39 THB (as of May 2025)Rs.2,000Rs.22,000-25,000Bangkok, Phi Phi Island, Pattaya, PhuketRs.70,000-80,000 for one personRs.20,000 round trip (Delhi/Mumbai to Hanoi/Ho Chi Minh City)Rs.2,100Rs.1,200-1,500 per day per headHotel Rs.1,500-2,000 a night (Rs.10,000-12,000 a week)Scooter rental Rs.500-600 a dayVietnamese dong (VND), Rs.1.302.58 (as of may 2025)Rs.2,000Rs.10,000-12,000Hanoi, Ba Na hills, Ho Chi Minh City
Economic Times
05-05-2025
- Business
- Economic Times
Housing finance firms to raise up to Rs 12,000 crore via RMBS in FY26
Housing finance companies are expected to raise Rs10,000-12,000 crore in the current financial year through listed residential mortgage-backed securities, structured by RMBS Development Company Ltd, a National Housing Bank-promoted entity similar to the likes of Freddie Mac and Fannie Mae. ADVERTISEMENT The fundraising will be done across seven to 10 deals in the current financial year, Sanjay Shukla, managing director of NHB said on Monday. RDCL, which structured one such deal last week, is in talks with a couple of housing finance companies. RDCL, in which NHB holds the largest stake of 39%, started operations in March 2025. In addition to structuring RMBS deals, RDCL's scope of activities involve providing liquidity support and credit enhancement, among others. Shukla was speaking at the sidelines of listing of India's first residential mortgage-backed securities (RMBS). This involved LIC Housing Finance raising Rs1,000 crore last week through pass-through certificates (PTC) maturing in 20 years at a 7.26% coupon, payable monthly. PTCs are debt instruments backed by assets like loans, which in this case was the housing loan portfolio originated by LIC of loan pools is a popular method among non-banking finance companies. But what sets this particular transaction apart is that price discovery was done through the bidding process on National Stock Exchange's electronic bidding platform.'When housing finance companies sell (loan portfolios) to banks at a pre-agreed rate, there is no price discovery. In this structure, there will be price discovery. The bidding will take place on the electronic bidding platform,' Shukla said. ADVERTISEMENT M Nagaraju, secretary – department of financial services, said that under such transactions, the cost of borrowing is expected to come down for housing finance companies, which will be passed on to the end borrower. 'Another major benefit will be to get long-term housing loans at a fixed rate.''Once PTCs are made available to retail investors, investment in this instrument is another option, where they can get monthly inflow,' Nagaraju said. ADVERTISEMENT In LIC Housing Finance's deal, the PTCs were issued through a special purpose vehicle and are rated AAA(SO) by CRISIL and Shukla also said that NHB is planning to raise Rs55,000-Rs60,000 crore through bonds in FY2026 compared with Rs48,000 crore in the previous financial year. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
