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Home loan demand is moving away from core metropolitan markets, with Tier-2 and Tier-3 cities emerging as the dominant contributors to growth in 2025, a report said. Tier-2 and Tier-3 cities recorded an 81 per cent year-on-year growth in home loan volumes in 2025, significantly higher than the 52 per cent growth seen in Tier-1 cities, fintech-led mortgage distribution platforms Urban Money said in a report. "This sharp expansion has increased the contribution of Tier-2 and Tier-3 markets to 64 per cent of total home loan volumes in 2025, compared to 60 per cent in 2024, highlighting a structurally broader and more distributed housing finance cycle," it said. The findings indicate that housing demand growth is no longer concentrated within a few large metros or premium price segments, it said. Instead, it said, improving infrastructure connectivity, expansion of employment hubs and sustained availability of mid-income housing are driving stronger homeownership demand across emerging
Metro services on a stretch of the Yellow Line from Vishwavidyalya to Central Secretariat were disrupted on Friday morning during peak office and school hours, causing inconvenience to thousands of commuters. According to officials, trains were running with delays between Vishwavidyalaya and Central Secretariat stations, while normal services were maintained across all other corridors of the network. Several passengers complained that the travel time from Vishwavidyalaya to GTB Nagar, which usually takes only a few minutes, stretched to nearly 50 minutes because of the disruption. Many said the delays left them struggling to reach offices and schools on time. DMRC said services were being gradually normalised and efforts were underway to restore smooth operations on the affected section.
High-end and premium brands are making a big geographical pivot from metros to smaller towns in India, according to a Tata CLiQ Luxury compilation that reviews India's evolving luxury landscape. It also found that luxury buyers - led by a woke Gen Z - are increasingly conscious of responsible consumption with an eye on sustainability quotient. Fuelled by the purchasing power of mature millennials and the rising Gen-Z demographic, the digital economy is reshaping consumption patterns and values, thus transforming how, when, and why consumers connect with brands and businesses, said Tata CLiQ Luxury's latest compilation - Thinking Beyond the Cart: Elevating Luxury E-commerce,' that deep dives into the luxury trends in 2025 and beyond. Listing out the broad trends, it noted that high-end and premium brands are making a big geographical pivot from metros to smaller-town India and that the new luxury consumer is educated, and well-wired. A growing quest for behind-the-scenes intel has m
Net absorption of office space rose 14 per cent annually during July-September period across seven major cities on better demand, according to JLL. Real estate consultant JLL's latest data showed that the net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period. Net absorption is calculated as the new floor space occupied less floor space vacated. According to the data, the net absorption of office space in Bengaluru increased to 4.14 million square feet during July-September from 2.38 million square feet in the corresponding period of the previous year. The net demand in Chennai grew to 1.05 million square feet from 0.90 million square feet. Delhi saw net absorption of 1.92 million square feet as against 1.7 million square feet. Net absorption of office space rose to 1.85 million square feet from 1.53 million square feet. In Pune, the net office demand increased to 1.8
Services between the Shahdara and Dilshad Garden stations on Delhi Metro's Red Line are delayed due to an "attempted cable theft" in the early hours on Saturday, the DMRC said. The Red Line connects Rithala in Delhi to New Bus Adda in Ghaziabad, Uttar Pradesh. "Delay in services between Shahdara and Dilshad Garden. Normal service on all other lines," the Delhi Metro Rail Corporation (DMRC) said in a post on X. Services are running at a restricted speed of 25 kilometres per hour between the two stations from the start of service due to a case of attempted cable theft on this section in the early hours, causing damage to signalling cables, said the DMRC's principal executive director (corporate communications) Anuj Dayal. Since undertaking repairs during service hours would have resulted in stopping operations in the affected section, it was decided that trains would be run at a restricted speed between the Dilshad Garden and Shahdara stations during the day to avoid inconveniencing
Delhi Environment Minister Gopal Rai said on Friday the national capital has the largest green belt at 23.6 per cent among big metro cities, and asserted that pollution levels in the city have reduced since 2014 through sustained efforts. Rai responded to a query by an MLA about the number of trees planted and the decrease in pollution levels in the last five years in Delhi during the ongoing Winter Session of Delhi Assembly. "Delhi Chief Minister Arvind Kejriwal had made a resolve and promised the people during last polls that in five years two crore new trees will be planted. And in four years that target has been met," Rai informed the Delhi Assembly. Rai added that the plantation drive will be intensified in the remaining one year. On the issue of pollution, Rai shared the data on PM10 and PM2.5 levels, saying on average there has been a 31 per cent reduction in pollution levels since the formation of the AAP government. In 2014 , the yearly average of PM10 stood at 324 and st
Green-certified office space stock have increased 36 per cent to 342 million square feet across six major cities in the last three and half years, according to a CBRE-CII report. Real estate consultant CBRE and industry body CII on Wednesday released its report titled, 'Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook' at CII Realty conference here. According to the report, green-certified office stock stood at 251 million square feet in 2019. Enhanced focus on global and domestic Environmental, Social and Governance (ESG) regulations are driving occupiers' flight-to-quality wave towards modern, premium and sustainable spaces in the medium to long-term, the report said. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "As the economy gains momentum and the real estate sector thrives, there is a growing emphasis on ESG and its compliance. We anticipate accelerated demand in modern, tech-enabled, and green-compliant ...