SECOND TIER CITIES
Housing sales in top 30 Tier II cities up 11% in FY24 to nearly 2.08 lakh units: PropEquity
Housing demand in India has increased by 11% last fiscal, reaching nearly 2.08 lakh units across 30 Tier II towns, according to PropEquity's report. The top 10 Tier II cities contributed 80% to the total sales in these small towns, with sales of 1,68,998 units in 2023-24. The other 20 Tier II cities include Bhopal, Lucknow, Goa, Coimbatore, Raipur, Vijayawada, Indore, Kochi, Trivandrum, Mangalore, Guntur, Bhiwadi, Dehradun, Ludhiana, Chandigarh, Agra, Mysore, Sonepat, Panipat and Amritsar.
Corporates embrace more flexibility amidst the hybrid work model
About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
Focus and execution will increase on affordable housing: Prashant Thakur
Now, the definition of affordable needs to be increased. There were certain incentive that have been rolled back. So, these are the demands which were unmet and I strongly believe that with this government coming back in power the focus will be there and we will see an overall spurt in affordable housing which was lagging significantly.
As work-from-home trend declines, flexible office spaces work for employees and companies
Providing convenience and flexibility for employees on one hand, cost-effectiveness, and asset-light models for employers on the other, coworking/managed spaces are booming. Demand for such spaces is soaring in large metros and Tier-2 cities alike as companies tighten return-to-office rules.
Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha
Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.
Ecommerce fails to click for firms in Q4 as sales dip across segments
Online consumption lagged in the March quarter across segments like electronics, wearables and beauty. Delhivery said ecommerce delivery volumes declined 13% sequentially in the March quarter to 176 million, while on a year-on-year basis they were down 2%. Cofounder and CEO Sahil Barua indicated this slowdown comes after a strong December quarter.
- Go To Page 1
Ten Hag faces Man Utd judgement day as Man City eye history in FA Cup final
For the second successive season, Wembley will stage a Manchester derby in the showpiece fixture. Last year, City beat United 2-1 in the final on route to an incredible treble-winning campaign that included Premier League and Champions League glory. City remain England's pre-eminent force, as they showed by clinching an unprecedented fourth successive Premier League title last weekend.
Man City bids to make history and Jurgen Klopp bids farewell as Premier League heads toward dramatic finale
Manchester City is bidding to make history. Jurgen Klopp is bidding farewell. The English Premier League is heading toward a dramatic and emotional finale on Sunday, with the title race between Man City - seeking an unprecedented fourth straight top-flight championship - and Arsenal going to the wire and taking centre stage on an afternoon when goals and tears usually flow.
Will try to grow better than last year without taking any price hikes: Shankha Banerjee, Dr Lal Pathlabs
We have been consistently saying that our EBITDA margin level would be around what we even see in our delivery in quarter four in the range of 26-27% kind of EBITDA margins, I think that is something which we continue to state is something which we are working towards.
Title, relegation and European spots in the balance as Premier League heads for exciting finale
The Premier League title race is down to Arsenal and Manchester City, with Arsenal leading by one point. European qualification spots are almost settled, with Aston Villa likely joining Arsenal, City, and Liverpool in the Champions League. The race for Europa Conference League spots is tight, with Manchester United, Newcastle, and Chelsea vying for sixth and seventh places. The relegation battle involves Nottingham Forest, Luton, and Burnley, with two spots to avoid.
GIFTwrap for golden return visa
Golden visa offers citizenship to wealthy Indians. Concerns over exploitation led to restrictions in EU countries. GIFT City in Gujarat provides an 'anti-golden visa' alternative. Mumbai branch proposal aims to attract businessmen back.
MG Motor India looks to expand network in tier III, IV to drive next phase of growth
MG Motor India aims to expand its presence in tier III and IV cities by establishing 100 new touchpoints by the fiscal year end. With plans to increase touchpoints to 520 across 270 cities by 2024-25, MG Motor embarks on its growth phase 'MG 2.0', focusing on production capacity enhancement and introducing new models.
Dollar firms after hot retail sales, yen languishes; China data awaited
The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales.
Sops, tier-2 cities top focus in tech’s Karnataka GCC Policy wishlist
Karnataka's GCC policy targets industry growth through infrastructure investment, employment incentives, single window approvals, fast issue resolution, industry-specific curriculum, flat rate markup, transportation solutions, digital engineering services, and the Karnataka Digital Economy Mission.
ETPWLA 2024: Fuelling funding for female entrepreneurship and enabling women-led ventures in Tier I and Tier II cities
Dr. Srimathy Kesan, Seema Chaturvedi, and Mitali Nikore dived into the funding landscape of Indian women entrepreneurs, with an emphasis on those outside metropolitan cities and in challenging sectors such as deep tech, at a panel discussion as part of the ETPWLA 2024 International Women’s Day summit. Discover how inherent biases, structural barriers, and a lack of confidence in women’s capabilities continue to hinder access to funding despite progressive schemes.
Luxury brands prefer high streets, lease 600,000 sq ft in 2023
High streets have become the top choice for luxury brands in India, with over 100% year-on-year growth in leasing in 2023, according to CBRE data. Malls remain the second most preferred category, with 300% year-on-year growth. Luxury brands are aggressively seeking new avenues to attract both seasoned and aspiring luxury consumers in India. The surge in leasing has been accompanied by the entry and expansion of various international luxury brands across different locations.
India needs to relax visa rules to lure more tourists, says Agoda CEO
"What's fascinating is that a lot of searches are coming from beyond the usual markets for India like the US and Middle East. A lot of people from Asian countries like Japan are finding India fascinating," he said. Indians are travelling abroad like never before, taking advantage of airfares and hotel rates on a par with domestic travel and free visas offered by many countries. However, inbound travel remains below pre-Covid-19 levels recorded in 2019, despite growing after the pandemic, according to tourism ministry data.
In midcaps, take some money off the table; March second half can be volatile with a downward bias: Sanjiv Bhasin
Bloomberg's inclusion of Indian bonds benefits power lenders like REC, PFC, and NTPC. Bajaj twins face pressure, SEBI observes stringent practices. Midcaps need caution. It is the right time to take some money off the table. The second half of March can be volatile with a downward bias.According to Sanjiv Bhasin, recommended stocks include IRCTC, Indian Hotels, Ashok Leyland, ONGC, and Zomato.
Radisson Hotel Group announces second hotel in Ayodhya with EaseMyTrip, Jeewani Hospitality
Radisson Hotel Group announces the opening of its second hotel in Ayodhya, developed by Jeewani Hospitality. The hotel is expected to open in 2027. The hotel will be located near Maharishi Valmiki International Airport and will offer road connectivity via National Highway-27. Guests can explore nearby religious sites and the partnership with EaseMyTrip is highly regarded.
Price wars help spark $157 billion rout in China consumer stocks
The seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can revive the flagging stock market.
Wayne Rooney fired as manager after 15 games at second-tier Birmingham
The club was taken over last summer by a company owned by American businessman Tom Wagner, and it got rid of popular coach John Eustace, who had been in charge for 15 months and steered the club away from relegation.
ETMarkets AIF Talk: Planning to invest in realty? This real estate AIF has generated 15% IRR
"The real estate investment landscape is shifting with the rise of Category 2 AIFs, providing predictability and attracting investor interest in diverse sectors such as commercial spaces, student housing, senior living, healthcare, and retail. We've witnessed tremendous interest in Tier 1, 2, and 3 cities. At Integrow, our strategic vision spans Mumbai, Pune, Ranchi (in collaboration with Pranami Group), and our inaugural residential AIF have laid a robust foundation."
Realtors cash in on growth opportunity in smaller cities
Homebuyers' interest in plotted developments has spiked, particularly after the outbreak of Covid-19 pandemic. The buoyant demand for warehousing has also pushed finalisation of land deals higher. During the 22-month period from January 2022 to October 2023, real estate developers purchased about 3,294 acres of land. A substantial proportion, or 44.4%, of these land deals was transacted in tiers II and III locations, with 1,461 acres being acquired in 17 land deals, according to a JLL India study.
Tier-2, -3 cities bring in double-digit growth: Sanjeev Sharma, ABB India
"While large orders have seen traction and demand from core sectors is expected to remain strong in the medium term, it is the tier-two and -three cities that are bringing in double-digit growth."
Realtors acquired 1,339 acres in tier II, III cities in 22 months for residential projects
Around 3,294 acres of land parcels were acquired by real estate developers in the country during the 22-month period from January 2022 to October 2023. A substantial proportion or 44.4% of these land deals were transacted in tier II and III, with a total of 1,461 acres being acquired across 17 separate land deals, showed data from JLL India.
ETMarkets AIF Talk- The Dhoni moment! Next wave of startups will come from Tier II and III cities: Vignesh Shankar
The inaugural fund was structured as a proprietary fund, backed by our personal capital, in collaboration with a few friends from our school. The nomenclature "Artha99" derives from our school year of completion, which was 1999.
Why is demand for wealth managers rising in tier-2, tier-3 towns? Feroze Azeez answers
When you start measuring using the same scale like financial instruments are measured under then you get in all that the property which you bought might have quadrupled in two decades from one crore to four crores but the IRR is sub 6-7%.
Tier-2 cities turning into talent powerhouses: Here are 20 cities and 4 job segments
Jaipur, Vadodara, Thane, Coimbatore and Chandigarh among the Tier-2 cities have emerged as the top five talent hotspots across the four industries and experience levels, according to the Randstad report.
Bengaluru tops tier-1 cities in hiring
Bengaluru remains the top tier-1 city for hiring across various industries, but Jaipur, Vadodara, Thane, Coimbatore, and Chandigarh are among the top five talent hotspots in tier-2 cities, according to a report by Randstad Talent Insights. The report analyzed trends across eight tier-1 and 20 tier-2 cities. In terms of fresher and junior-level hiring, it is high in both tier-1 and tier-2 locations. The rise of digital connectivity, remote work capabilities, skilled talent availability, strong educational facilities, and focus on infrastructural development have leveled the playing field for talent from these cities to compete globally.
Load More
