Knight Frank stated in a press release that this estimated real estate output value will contribute 15,5% of the total economic output in 2047, up from its current contribution of 7.3%. Tomorrow, M Venkaiah Naidu, Former Vice President, along with other dignitaries attending the event, will disclose the report at NAREDCO’s Silver Jubilee Celebration in Hyderabad. By 2047, when India celebrates 100 years of independence, the size of India’s economy is projected to be approximately USD 33 trillion, and for the purposes of this study, Knight Frank has estimated the average growth of the Indian economy to be USD 36,4 trillion.

Rajan Bandelkar, President of NAREDCO India, commented on the occasion as follows: Vision 2047, not only for NAREDCO but also for Indian Real Estate, is about the road map for India’s economic development and the role of real estate as one of the leading engines of this growth story. By 2047, real estate will be a major driver of India’s economic expansion. He went on to say that a multiplicative economic expansion would increase demand across all asset classes — residential, commercial, warehousing, industrial land developments, etc. — at a multiplier rate to accommodate the growing requirements of the economy and the consumption needs of individuals.

Knight Frank India estimates that India will require a total of 230 million housing units over the next 25 years. In terms of market value, the residential market could generate an output equivalent to $3.5 trillion in 2047. Shishir Baijal, chairman and managing director of Knight Frank India, predicted that the Indian economy and real estate market will undergo a significant transformation over the next quarter-century. India’s economic expansion will be strongly supported by demographic advantages, improving business and investment sentiments, and government policy drive towards high-value output sectors including manufacturing, infrastructure, etc.

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For sustainable growth, it is essential that India’s real estate sector adapt to economic and technological changes, maximising the use of expanding resources, particularly human capital, he added. By 2047, according to estimates by Knight Frank, 69 percent of the working population will be formally employed to support an economic expansion of USD 36 trillion.

In terms of market value, the estimated office stock will presumably generate a potential output equivalent to $473 billion in 2047. The office stock has grown considerably from 278 million sq ft in 2008 to 898 million sq ft across the top eight cities in India by 2022, according to the report.

The post India’s real estate sector expected to expand to $ 5.8 trillion by 2047: Knight Frank-NAREDCO report appeared first on Republic Aeon.

The hospital will offer state-of-the-art care in over 20 different medical sub-disciplines, such as cardiology, neurology, orthopaedics, transplantation (kidney, liver, lung, and heart), gastrointestinal, thoracic, and thoracic surgery. According to the firm, the hospital will also have a Comprehensive Cancer Care centre, providing patients with access to a full spectrum of cancer services.

Medanta’s footprint in the Delhi Metropolitan Area would be bolstered by this new building. Medanta’s 1,391-bed flagship hospital in Gurugram, its soon-to-be-built 550-bed facility in Noida, and the future hospital in South Delhi will all function as one unified entity under the company’s management.

“Medanta’s new hospital will deliver the highest standard of clinical excellence and compassionate care to the people of Delhi. It will house state-of-the-art surgical procedures for a wide range of medical conditions under one roof, according to the same high standards for patient quality and safety that have made Medanta famous. According to Dr. Naresh Trehan, Chairman and Managing Director of Global Health Limited, “it will also become a one-stop solution for all types of cancer treatments, and will benefit a large swath of patients not only in Delhi, but across Uttar Pradesh, Haryana, Rajasthan, and other neighbouring states.”

We’re thrilled to be a part of building a top-tier hospital in South Delhi, a neighbourhood with deep ties to the company’s history. Rajiv Singh, Chairman of DLF Ltd., claimed that the new hospital would “strengthen the medical infrastructure in Delhi and further strengthen DLF’s deep commitment to improving the quality of life for NCR residents.”

Global Health Limited is one of the major private multi-specialty tertiary care providers in the North and East areas of India. It was founded by Dr. Naresh Trehan, a world-renowned cardiovascular and cardiothoracic surgeon. The organisation operates a chain of hospitals known as Medanta in five cities across India: Gurugram, Indore, Ranchi, Lucknow, and Patna. As of June 30, 2023, its hospitals will have 2,725 operating beds spread across a total space of 4.7 million square feet. There is currently one hospital being built in Noida.

DLF has constructed over 340,000,000 square feet of real estate over more than 158 separate projects. DLF Group is sitting on about 215 msf of untapped potential across the residential and commercial markets. They have an annuity portfolio of over 42 msf.

Also Read : RBI’s worry on inflation can impact debt funds. Here is what investors should do

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The Mumbai-based property film had originally submitted its IPO paperwork draught in March of 2022.

According to the new draught red herring prospectus (DRHP) submitted on Monday, the IPO will consist completely of a fresh issue of equity shares valued at up to Rs 400 crore, with no offer for sale (OFS) component.

While up to Rs 35 crore would be utilised for land purchase, the remaining funds will be used for general corporate purposes and to repay debt taken on by the firm and its subsidiaries Accord Estates and Iconic Property Developers.

As of May 2023, the company had finished 42 residential and commercial real estate projects totaling over 1.05 million square feet in Mumbai. It also includes 21 future initiatives in addition to the 11 currently underway.

Revenue increased to Rs 306 crore in FY23 from Rs 273 crore in FY22, an increase of 12 percent, and net income increased to Rs 32 crore from Rs 26.50 crore, a 21 percent increase.

The issue’s book-running lead managers are ITI Capital Ltd and Anand Rathi Advisors Ltd.

Also Read : Tomato price shock hits Indian restaurants, cheaper puree sales boom

The post Suraj Estate Developers refiles draft papers for Rs 400-crore IPO appeared first on Republic Aeon.

The channel reported that the renovation of Kejriwal’s official residence cost tax payers Rs 44,78.

According to the documents obtained by the channel, each curtain at Arvind Kejriwal’s residence costs approximately Rs 5-8 lakh.

The documents revealed that 23 draperies with a total cost of Rs 97 lakhs were approved for the residence of the Delhi chief minister and national AAP convenor.

Vietnamese Marble Is Imported For Kejriwal’s Official Residence

The renovation of Delhi Chief Minister Arvind Kejriwal’s residence required the importation of Vietnamese marble at a cost of Rs 3 crores.

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The floors were renovated with ‘Deor Pearl Marble’ of exceptional quality. In addition, Rs 21,60,000 was spent on a chemical to repair the marble.

Rs 40 crore spent on Almirahs at Kejriwal’s residence

The documents revealed that the six almirahs installed at the official residence of Delhi Chief Minister Arvind Kejriwal cost Rs 40 lakhs.

Approximately Rs 63 lakhs were spent on the renovation of two kitchens at the official residence of Arvind Kejriwal.

Six carpets were purchased for Rs 1,989,000 for use in the chief minister’s official residence.

In an interview with Times Now, BJP leader Nalin Kohli criticized AAP chief Arvind Kejriwal, claiming that he is a pathological liar who says one thing today and does the exact contrary tomorrow.

Recall that in 2013, Arvind Kejriwal proclaimed that neither he nor any of his AAP ministers would move into the government-provided bungalows and insisted that they be assigned smaller government apartments.

#OperationSheeshMahal: देश की सियासत में सबसे बड़ा खुलासा..

केजरीवाल पर सबसे बड़ा खुलासा..

देखिए, भारतीय राजनीति का सबसे बड़ा ऑपरेशन.. 'ऑपरेशन शीशमहल' @SushantBSinha के साथ LIVE https://t.co/wzvhzQhbCi

— Times Now Navbharat (@TNNavbharat) April 25, 2023

#OperationSheeshMahal: दिल्ली के CM #ArvindKejriwal पर सबसे बड़ा खुलासा

👉दिल्ली के सीएम आवास में 23 पर्दे लगाने के ऑर्डर दिए

👉 शुरुआत में 8 पर्दे लगे जिसकी कीमत 45 लाख रुपये

👉दूसरे फेज में 51 लाख रुपये के 15 पर्दे लगाए गए@SushantBSinha #AAP #DelhiPolitics pic.twitter.com/x6BRygip0Z

— Times Now Navbharat (@TNNavbharat) April 25, 2023

The post Operation SheeshMahal: Delhi CM Arvind Kejriwal’s Official Residence Renovated for 45 Crore. appeared first on Republic Aeon.