affordable indulgences prevail as inflation bites the average Indian
The shift towards affordable indulgences can be seen in various sectors. For example, during a slowdown, consumers gravitate towards affordable packaged foods like instant noodles, biscuits and chips instead of expensive gourmet items. Key Points
Economic TimesWhat is the deal with India's affordable housing market?
With the pool of affordable homes shrinking rapidly, mid-segment buyers in metros like Hyderabad, Bengaluru, Pune and Chennai are pushed to the fringes. As houses in the Rs 50 lakh-60 lakh bracket are at least 30-40 km away from city centres, the middle class is left with two choices: commute for hours both ways or pay a fortune towards rent to stay in the city. Key Points
Economic TimesThere's one sector Gurugram isn't competing with Noida—Affordable real estate
Steep rise in Gurugram’s land acquisition cost hurt affordable housing. But luxury is booming. Key Points
ThePrintRBI’s status quo on Repo Rate likely to support low income, affordable housing
Through six successive hikes since May, the central bank had raised policy rates by a cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive. Key Points
Economic TimesKotak Bank to grow affordable housing portfolio
As on March 31, unsecured retail advances stood at 10% of overall advances. The bank intends to take the unsecured retail loan mix to 15% of overall advances. Key Points
Financialexpress
Mumbai most expensive city to live in India, guess which one is most affordable
Mumbai, known for its bustling streets, diverse culture, and economic vibrancy, has earned a distinction as the most expensive city to live in, as per the recently released Knight Frank Affordability Index for 2023. Ahemdabad is ranked as India's most affordable city to live in. Key Points
The Tribune IndiaOla gears up to widen e-scooter portfolio for market share gains
Ola Electric, Indias leading e-scooter manufacturer, plans to introduce four to five new models by the end of the current fiscal year. As per the firm, Olas scooters are now the most affordable among the top five brands in India due to an increase in market prices. The firm's new product range aims to span multiple price points, with the launch of the S1 Air in July now expected to retail for INR109,999. Key Points
Economic TimesRBI's Repo-Rate Pause May Not Boost affordable Housing Just Yet
Home sales rose 14% over a year earlier to 1.13 lakh in the three months ended March. Key Points
BQ PrimeBudget 2024: Realtors seek tax benefits for homebuyers, affordable housing limit revamp
Real estate developers seek an increase in deduction of principal repayment of home loans and the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for middle-income group. They also suggest reduced stamp duty as part of their recommendations to the Finance Ministry for the upcoming Union Budget. Key Points
Economic TimesHow Greaves aims to capture a bigger share of the electric two-wheeler market
Greaves plans to launch affordable two-wheelers with advanced features and connected technology to address range anxiety. Predictive maintenance and alerts for aggressive driving patterns ensure reliability and inform user decisions. Key Points
Economic Times
Drug pricing regulator looking to make vital health supplements more affordable
The National Pharmaceutical Pricing Authority (NPPA) proposes to invoke extraordinary powers in public interest, under para 19 of Drugs Prices Control Order (DPCO) 2013, for an indefinite period to make them more affordable to patients, it has said. The NPPA has been invoking para 19 in certain cases in the public interest to make drugs affordable with indefinite period, said the minutes of the authority meeting. ET has seen the minutes of the meeting. Key Points
Economic TimesGoal is to provide affordable green hydrogen as alternative to traditional fuels; Jio Financial Services t
Reliance is among the largest global producers of grey hydrogen. The company has partnered with Denmarks Stiesdal A/S to reduce costs and commercialise their Pressurised Alkaline Electrolyser technology. Meanwhile, Jio Financial, has been valued at around $20 billion after its shares were spun off last month. Key Points
Economic TimesIndia home prices to rise 7% this year and next
Average home prices in India are set to rise 7% this year and next, driven by purchases of luxury properties. The housing market has powered along with Asia's No. 3 economy, facing challenges of stagnant wages, poverty, and a gap between demand and supply of affordable homes. Expectations of interest rate cuts should improve affordability. Key Points
Economic TimesWhere to buy a budget house? Here are 5 most affordable cities in India in 2023
The 250 basis points increase in policy rates has reduced affordability across markets by 2.5 per cent on average, showed Knight Frank India's Affordability Index for 2023. The mid-and-premium segments in the residential market have been consistently outperforming, the report said. Check affordability index of leading eight cities of India Key Points
Economic TimesThis real estate market is end-user-driven; sales demand momentum likely to continue: ANAROCK
This recovery in real estate is pretty different from what we saw post-Global Financial Crisis. This is based on solid fundamentals. Post RERA, we have a very strong and disciplined market. This is an end-user-driven market, not investor and speculative. That is why we are expecting continued momentum in the sales demand.” Key Points
Economic Times
Sundaram Home Finance plans foray into affordable housing
Sundaram Home Finance Ltd. (SHFL), as part of its expansion programme, is planning to enter into the affordable housing segment during the current fiscal, said a top official. Key Points
The HinduHow a daily budget of Rs 120 helped a Japanese woman buy 3 houses and start a cat café
The woman named Tamogami began her journey towards financial freedom in her early twenties. She adopted a strict budget, meticulously tracking her expenses and cutting back on unnecessary costs. She cooked her meals at home, opting for affordable and nutritious ingredients, and limited her spending on entertainment and leisure activities. Key Points
Business TodayIndia's home prices expected to increase by 7% over the next two years; here’s what experts have to say
India Business News: A 7% increase is likely in the average home prices in India for the current year and the following year. This surge will be primarily driven by the demand for luxury properties, as the supply of affordable housing continues to fall short of the growing demand, states a Reuters survey. Key Points
Times Of IndiaInfinix Smart 8 Plus with 6000mAh battery launched under Rs 7000
Infinix launches Smart 8 Plus, a feature-packed smartphone with a 6000mAh battery, in the Indian market under Rs 7000. The phone offers a perfect blend of innovation and style at an affordable price. Key Points
India TodayNBCC rallies over 100% in just 1 month. Is there more upside left?
National Buildings Construction Corporation (NBCC) shares surged 47% following the government's push for affordable housing in the interim Budget. Finance Minister Nirmala Sitharaman announced plans to build 2 crore more houses for the rural poor and a scheme to help the middle class buy or build their own houses. This announcement has boosted optimism in the real estate and allied sectors. NBCC has already been experiencing positive momentum and the government's emphasis on capex further supported the stock. Key Points
Economic Times
Amazon confirms plans to roll out satcom broadband
Amazon has expressed its interest in bringing affordable broadband to India by entering the country's satcom market. The company's Project Kuiper aims to provide fast and affordable broadband to underserved communities, including rural areas. Amazon is currently in the process of obtaining the necessary approvals from the Indian National Space Promotion and Authorisation Centre and is expected to apply for a GMPCS license from the telecommunications department. Key Points
Economic TimesHow India is preparing for 6G revolution which will transform connectivity as we know it
India is preparing for the arrival of 6G wireless broadband technology, with commercial deployment expected around 2030. 6G networks will offer data speeds up to 100 Gbps, almost 100 times faster than 5G, and improved network connectivity. The International Telecom Union (ITU) has backed India's call for ubiquitous 6G coverage, ensuring that network deployments will be affordable and provide fast broadband connectivity for the masses. Key Points
Economic TimesIndian Railways launches ₹20 economy meal menu for general category passengers
The economy meals will be priced at ₹20 and snacks at ₹50. Water services will also be provided at affordable rates, the Indian Railways said in a statement. Key Points
mintSeeking the perfect home? Explore the Top 10 cities to live in the USA
US News & World Report reveals the best places to live in the US. affordable housing and thriving job markets await in these top cities. | World News Key Points
Hindustan TimesTravelling on a budget? Countries you can visit in under ₹3,000 per day in summer 2023
For Indian travelers, budget concerns often push them to limit their travel options. .However, there are several affordable and beautiful countries that they can explore without breaking the bank. Key Points
mint