Tier-II
Spencer’s Retail Limited announced that they would open 100 hypermarkets (retail stores) across India by 2017. It is a RP-Sanjiv Goenka group company. The company on Friday opened 32nd hypermarket which is its first in Bhopal. The group plans to open two more hypermarkets before the end of this financial year. The company said it [...] Continue Reading »
Even though the demand in the real estate market remains sluggish, property prices have seen a rise. National Housing Bank (NHB) data shows that in the metros, Delhi and Mumbai have recoded property price appreciation of 33.3 per cent and 22.65 per cent, respectively, through the last two and a half years. Jaipur has topped the list of cities [...] Continue Reading »
To go by the words of Confederation of Real Estate Developers Association of India (Credai), Hyderabad would continue to attract good interest in real estate activity and is very much capable of withstanding and thwarting any competition from Tier II locations in the event of state’s bifurcation. The general secretary of Credai, Mr. Ram Reddy, in his interaction with the [...] Continue Reading »
As per a survey by Housing Start Up Index (HSUI), there has been a significant rise in housing demand in Tier-II cities like Bhopal and Indore, while the Tier-I cities have taken a beating. HSUI is an indicator of volume of construction in the housing sector in certain period covering 27 cities across India. Indore witnessed [...] Continue Reading »
