PUNE MARKET PRICES
NITCO shares rise 2% after securing Rs 105 crore order from Prestige Group
Shares of tiles maker NITCO rose 2% on Thursday following the company¡¯s announcement of a Rs 105 crore order from Bengaluru-based real estate firm Prestige Group. NITCO will supply tiles and marble for several Prestige Group projects across various cities.
Ventive Hospitality sets price band at Rs 610-630 for Rs 1,600 crore IPO. Check details
Ventive Hospitality is set to launch its Rs 1,600 crore IPO on December 20, with the subscription period running until December 24. The price band is set at Rs 610-630 per share, with a minimum bid of 23 shares.
Blackstone-backed Ventive Hospitality's Rs 1,600-cr IPO to open on December 20
Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, is launching a Rs 1,600-crore IPO. The offer opens on December 20 and closes on December 24, with the anchor book opening on December 19. Proceeds will be used to repay borrowings. Ventive's portfolio includes 11 luxury hospitality assets in India and the Maldives.
Pune sees 11 pc drop in property registration during Nov: Report
Pune saw an 11% year-on-year drop in property registrations this November, totaling 13,371 units and generating Rs 475 crore in revenue. Experts attribute this dip to several factors, including shifting festive season dates, increased property prices and sizes impacting affordability, and a high base effect from last year's record sales.
Newer micro-markets in metro cities witness high price appreciation
Peripheral areas of major Indian cities witnessed substantial residential price growth, outpacing prime locations. Bengaluru's Gunjur saw a 69% increase, while NCR's Noida Expressway and Dwarka Expressway experienced 66% and 93% jumps respectively. Improved connectivity and development fueled this trend, attracting buyers seeking larger spaces and greener environments.
These mid-cap stocks with ¡®Strong Buy¡¯ & ¡®Buy¡¯ recos can rally over 26%, according to analysts
After two months of relentless FII selling, there are signs that things have eased up. That market breadth recovered as soon as the selling abated suggests that even during the correction the undercurrent of the street was bullish. Little wonder that analysts are bullish on select mid-cap stocks. And the common thread that binds them? All these mid-cap stocks have been in existence as businesses for quite some time. Also, their managements have experience of handling many ups and downs.ET Screener, powered by Refinitiv¡¯s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of ¡°Buy¡± or "Strong Buy". This predefined screener is only available to ET Prime users.
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Housing prices in India's top eight markets increased by 11% in Q3 2024
Housing prices in India's top 8 markets rose by 11% in Q3 2024, continuing a 15-quarter growth streak. Delhi NCR led with a 32% increase, driven by luxury projects. Unsold inventory dropped for the third consecutive quarter, with Pune seeing a 13% annual decline. Developers are focusing on luxury and larger homes.
India gold premiums steady as price fluctuations stabilise demand
Physical gold premiums in India remained steady despite a price correction, with strong demand early in the week waning as prices increased. Premiums were stable at up to $3 an ounce. Demand in China and other major Asian hubs was subdued, with discounts offered. International gold prices were influenced by geopolitical tensions and U.S. policy changes.
Rate cuts likely to optimise home affordability in next 12 months, Kolkata most affordable: Report
A JLL India study projects improved housing affordability in India by 2025, driven by potential interest rate cuts. Mumbai and Pune are expected to reach near-peak affordability, while Kolkata will likely remain the most affordable. Sales are predicted to continue rising, reaching new highs by 2025, despite affordability challenges in Delhi NCR and Bengaluru.
Buy Kolte-Patil Developers, target price Rs 480: HDFC Securities
HDFC Securities recommends buying shares of Kolte-Patil Developers. The target price is Rs 480. The current market price is Rs 368.6. Kolte-Patil Developers is expected to achieve its booking value guidance of Rs 80 billion for FY25. The company has strong cash flows and is a net cash positive company. HDFC Securities maintains a buy rating.
India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
India's top 26 listed real estate companies recorded nearly Rs 35,000 crore in property sales during the September quarter, fueled largely by residential sales. Godrej Properties led the pack with Rs 5,198 crore in sales bookings, followed by Macrotech Developers and Max Estates.
Hyundai Motor India bets big on CNG models, sees growing demand across rural & urban markets
Hyundai Motor India is witnessing a surge in demand for its CNG vehicles. The company attributes this growth to the expanding CNG infra and its innovative 'Hy-CNG Duo' technology. This technology offers enhanced boot space and fuel efficiency. Hyundai's CNG sales are increasing in both urban and rural markets.
Great Goaing: Goa is struggling to cope with the aftereffects of overtourism, but you cannot write it off
Goa's tourism industry is witnessing a resurgence, with domestic arrivals projected to reach record highs. Despite concerns about overtourism and its impact on infrastructure and the environment, the state remains a popular destination, attracting both domestic and international travelers.
After Mumbai and Gurgaon, six more Trump Towers to be built in Noida, Hyderabad, and Bengaluru, the most outside the US
India is set to become the country with the most Trump Towers outside the US. The number of Trump Towers in India will increase from four to ten in the next six years. The new projects will include office buildings, golf courses, and villas. Trump's Indian business partner, Kalpesh Mehta, believes that a Trump presidency will strengthen India-US relations.
November inflation figures may bear imprint of rise in onion prices
Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November.
Shriram Properties shares zoom 7% on signing agreement for 6-acre land in Pune
Shriram Properties' shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.
Panchshil Realty subsidiary sells 4.8-acre land parcel in Pune¡¯s Wagholi
Panchshil Realty's subsidiary Wagholi Estates has sold a 4.8-acre land parcel in Pune's Wagholi to Vilas Javdekar Infinitee Developers for over Rs 103 crore. This sale is part of a larger mixed-use project, combining IT park and residential spaces, reflecting strong demand for prime land in high-growth urban centers.
How the city of Pune became the ¡®Detroit of the East¡¯
Pune is the next destination of the ET Make in India SME Regional Summit, which kicks off today (October 18).
PNC Infratech shares rise 6% on receiving Rs 4,630 projects from Maharashtra govt
PNC Infratech Share Price: PNC Infratech shares increased by 5.5% after the company announced it received two letters of acceptance from Maharashtra State Road Development Corporation. The road projects are worth Rs 4,630 crore. These projects include the construction of roads in Pune and from Jalna to Nanded. The shares of PNC Infratech have seen significant movement in the last year.
Housing price of new projects jumps over 145% in two Delhi-NCR areas in 5 years; check property price rise in your city
Housing price rise in Delhi-NCR area: Indian real estate prices have skyrocketed in recent years. These two regions in Delhi-NCR saw the most significant increases, with prices rising over 140% since 2019. Between 2019 and 2024, approximately 15,000 projects, including apartments, floors, and villas, were launched in these top 10 cities, which include Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Thane, Navi Mumbai, Pune, Noida, and Gurugram.
J Kumar Infra shares in focus after Rs 298-crore order win
J Kumar Infrastructure shares are expected to attract attention on Tuesday following the company's acquisition of a work order valued at ?297.8 crore from the Pune Municipal Corporation. The project, scheduled for completion within 36 months.
Mercedes-Benz E-Class LWB hits Indian market at Rs 78.5 lakh: Key features, engine specs, design and more
Mercedes-Benz has launched the 2024 E-Class Long Wheelbase (LWB) in India, priced from Rs 78.5 lakh (ex-showroom). The luxury sedan includes new design elements, advanced tech such as the MBUX Superscreen, and a refreshed engine lineup. Produced at Mercedes¡¯ Pune plant, it remains the only RHD LWB model built worldwide. Available in three variants, including the top-spec E 450 4MATIC, the 2024 model offers enhanced rear-seat comfort and safety features like adaptive cruise control and lane departure warning.
Rental values in top 7 cities increases by 72% in three years
Rental values in key micro-markets of India's top 7 cities have increased by up to 72% between the end of 2021 and the first half of 2024. Capital values saw lower growth, with trends varying across cities. Factors like financial stability, job prospects, and personal preferences influence the decision to rent or buy a property.
M&M looks to drive into South East Asia market, ramp up in South Africa
Mahindra & Mahindra, holding a 51% share in India's pick-up truck market, plans to introduce its Veero range in Southeast Asia and expand in South Africa. Initially focusing on the domestic market, the Veero targets intracity applications and competes with Tata Motors' Intra and Ashok Leyland's Dost models.
Pune¡¯s PN Gadgil Jewellers may shine brighter as time passes
PN Gadgil Jewellers, Maharashtra's second-largest organised jewellery retailer, is launching an IPO to raise ?1,100 crore. The funds will be used for new stores and debt repayment. With a strong revenue growth and solid financials, the company aims to expand its footprint in the Indian jewellery market.
Average housing price up 12% annually in Apr-Jun; NCR sees maximum 30% appreciation: Report
Prices in Chennai remained flat at Rs 7,690 per square feet. Delhi-NCR saw a maximum 30 % price rise to Rs 11,279 per square feet from Rs 8,652 per square feet. Housing prices in Hyderabad grew 7 % to Rs 11,290 per square feet from Rs 10,530 per square feet.
Property price rise expectations dip: 63% of Q2 respondents forecast higher residential prices, down from 82% in Q1
According to the Knight Frank ¨C NAREDCO Real Estate Sentiment Index Q2 2024 (April ¨C June 2024) report, 63% of respondents in Q2 2024 predict an increase in residential property prices in the next six months. This is a notable decrease from the 82% who held a similar view in Q1 2024.
Ahmedabad, Pune, Kolkata most affordable housing markets in India
House purchase affordability in India's top eight property markets remained stable in the first half of 2024, according to Knight Frank India¡¯s Affordability Index. This stability is attributed to steady interest rates since the end of 2023. Ahmedabad was the most affordable city with an Equated Monthly Instalment (EMI) to income ratio of 21% for an average household.
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