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Business Standard
14 minutes ago
- Business Standard
₹2.4 trn worth of housing plots launched in last 3.5 years: PropEquity
Housing plots worth ₹2.44 trillion have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 470,000 residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities. These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately ₹2.44 trillion," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots in these 10 cities fell 23 per cent annually in 2024 to 1,26,556 plots from 1,63,529 plots in the preceding year. PropEquity said 45,591 residential plots have been launched during the the first five months of 2025. "For developers, plots generate quick cash flow as they involve faster sales and less upfront investment as compared to apartments," the company said. The weighted average launch price of residential plots in these 10 cities rose 27 per cent annually in 2024 to ₹3,679 per sq ft, which translates to ₹33,111 per square yard and Rs 39,586 per square metre. Commenting on the report, Kirthi Chilukuri, Founder and MD of Stonecraft Group, said, "The surge in plotted development across India's cities reflects a growing desire among people for ownership and personalisation." Yashank Wason, Managing Director, Royal Green Realty, said, "Indore's rise among the top three plotted development markets is a testament to its evolution into a dynamic real estate destination." Sam Chopra, President and Country Head, eXp Realty India, said the launch of 470,000 plots in these 10 cities in just over three years reflects a decisive shift in buyer behaviour, from built-up units to land ownership.
The Print
22 minutes ago
- The Print
Bihar Cabinet approves proposal of one crore jobs, employment opportunities
The CM on Sunday had announced that 'For the next five years (2025 to 2030), we are setting a target to double the 2020-25 goal by providing government jobs and employment opportunities to one crore youth. To achieve this, new job and employment opportunities will also be created in the private sector, particularly in industrial areas. For this purpose, a high-level committee is being constituted. The Cabinet meeting on Tuesday, chaired by Chief Minister Nitish Kumar, approved the proposal of the Labour department in this regard and also decided to constitute a 12-member committee headed by the Development Commissioner to explore the possibilities and take decisions in this effect. Patna, Jul 15 (PTI) The Bihar Cabinet on Tuesday cleared a proposal of 'one crore jobs and employment opportunities' in the next five years. Soon after the Cabinet meeting, Additional Chief Secretary (Cabinet Secretariat) S Siddhartha told reporters, 'The state Cabinet on Tuesday approved the Labour department proposal to provide one crore jobs and employment opportunities to youth in the state in the next five years (from 2025-2030). The government has also decided to constitute a 12-member committee, headed by the chief secretary, for the same.' The cabinet also approved 30 proposals of different departments on Tuesday. The decision assumes significance ahead of the assembly polls due later this year. 'I am delighted to share that, so far, 10 lakh youth in the state have been provided with government jobs, and approximately 39 lakh people have been given employment, and the target of providing government jobs/employment to over 50 lakh youth will certainly be achieved. 'Currently, under the Saat Nischay programme, the youth of the state are being provided with skill development training to connect them with self-employment opportunities. In the next five years, the ongoing programme under Saat Nischay for youth skill development will be expanded,' the CM wrote on X on Sunday. The cabinet also approved more than Rs 179 crore for the maintenance of the priority corridor of metro rail which will become operational from August 15, 2025, in Patna. A proposal of sanctioning of more than 179 crore for the maintenance of the priority corridor of metro rail and Rs 21.15 crore for hiring three metro car single sets on rent were also approved by the cabinet. The three-coach train set will run on a 6.49-km elevated section between Malahi Pakri and the New ISBT, a priority corridor designed to serve one of the busiest traffic zones in the city. PTI PKD RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
23 minutes ago
- News18
Trump Encouraged Zelenskyy To Strike Deeper Into Russia, Asks If Ukraine Could Hit Moscow: Report
US President Trump urged Ukrainian President Zelenskyy to strike Russia with US weapons, warning Russia to end its war in Ukraine within 50 days or face severe sanctions. Russia-Ukraine War: US President Donald Trump has privately encouraged his Ukrainian counterpart Volodymyr Zelenskyy to launch deep strikes on Russia and asked him if Kyiv could target Moscow with the help of US-provided long-range weapons, Financial Times reported, citing people who were briefed on the discussions. The conversation took place between the two leaders on July 4, marking a dramatic shift from Trump's previous stance on Russia's war and his campaign promise to end US involvement in foreign conflicts. Earlier on Monday, Trump told Russia to end its war in Ukraine within 50 days or face massive new economic sanctions, as he laid out plans for infusions of weaponry for Kyiv via NATO. Trump said he was 'very, very unhappy" with Vladimir Putin, underlining his insistence that his patience had finally snapped with the Russian leader's refusal to end the deadly conflict. 'We're going to be doing very severe tariffs if we don't have a deal in 50 days, tariffs at about 100 percent," Trump said during an Oval Office meeting with NATO Secretary General Mark Rutte. The Republican added that they would be 'secondary tariffs" that target Russia's remaining trade partners — seeking to impede Moscow's ability to survive already sweeping Western sanctions. Russia's top trading partner last year was China, accounting for about 34 percent, followed distantly by India, Turkey and Belarus, according to the Russian Federal Customs Service. Trump and Rutte also unveiled a deal under which the NATO military alliance would buy billions of dollars of arms from the United States — including Patriot anti-missile batteries — and send them to Ukraine. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
