Yamuna Expressway Authority has launched residential plots near Noida Airport.
The Yamuna Expressway Industrial Development Authority (YEIDA) has rolled out a scheme offering 451 residential plots near the upcoming Noida International Airport, responding to increasing demand for housing in the area.
This follows the success of a similar scheme earlier this year, which saw significant interest.The new residential plots come in five categories, targeting mid-income buyers.
Registrations for the scheme will close on November 30, with allotments determined by a lucky draw scheduled for December 27.
An official of the YEIDA noted that the imminent opening of the Noida International Airport in Jewar has spurred interest in nearby housing options. “There is a growing demand for residential and commercial plots as people seek to invest and live close to the airport,” the official stated.
In October 2024, the YEIDA conducted a draw for 361 residential plots in four sectors, attracting nearly 200,000 applications for those plots located in YEIDA Sectors 16, 18, 20, and 22D. The plots are conveniently located near the upcoming airport, the proposed Film City in Sector 21, and the Eastern Peripheral Expressway (EPE).
DLF to invest ₹8,000 cr to build super-luxury project in Gurugram
Realty major DLF will invest around ₹8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes.
Last month, DLF did a pre-launch of its 17-acre super-luxury housing project ‘The Dahlias’ at DLF 5, Gurugram, after obtaining all regulatory approvals and has received a good response from customers.
The company will develop around 420 apartments in this project, which is the second ultra-luxury offering from DLF after the successful delivery of ‘The Camellias’. DLF will invest around ₹8,000 crore over 4-5 years for a new project of nearly 50 lakh square feet.
Finance
Sensex and Nifty 50 crash, with ₹6 lakh crore lost; 5 factors for today’s fall.
The Indian stock market witnessed an across-theboard selloff on Monday, November 4, with the benchmarks- the Sensex and the Nifty 50—crashing over 1 per cent each and the mid-and small-cap segments plunging up to 2 per cent.
The Sensex opened at 79,713.14 against a previous close of 79,724.12 and crashed nearly 2 per cent to the level of 78,232.60. The Nifty 50 opened at 24,315.75 against its previous close of 24,304.35 and fell 2 per cent to the level of 23,816.15. The BSE Midcap and Smallcap indices fell 1.31 per cent and 1.65 per cent, respectively.
Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus
The Indian rupee reached an all-time low on Monday, November 4, as the continuous outflow from local stocks eased the impact of a weaker dollar. The news agency Reuters reported that it also helped lift the dollar’s regional peers ahead of the U.S. presidential elections.
According to the report, the Indian rupee closed at 84.1150 against the U.S. dollar after touching the forever low of 84.1225 earlier in the market session.
The Indian domestic stock market indices, BSE Sensex and Nifty 50, also fell more than 1 per cent on Monday.
The news agency reported that the indices are down nearly 8 per cent from their individual record highs in late September 2024 due to the withdrawal of foreign investors amid a flat earnings season.
Swiggy vs Zomato: Should you invest in Swiggy’s IPO or buy Zomato shares? Analysts weigh in.
The highly anticipated initial public offering (IPO) of online food and grocery delivery giant Swiggy is set to debut on Dalal Street on November 6, aiming to raise approximately ₹11,327.43 crore from the primary market. Swiggy IPO comprises a fresh issue of 11.54 crore equity shares worth ₹4,499 crore and an offer-for-sale (OFS) component of 17.51 crore shares valued at ₹6,828.43 crore.
At the upper-end of the price band of ₹371 to ₹390 per share, Swiggy IPO will value the Softbank-backed company at $11.3 billion, slightly higher than its valuation during the last funding round in 2022.
Govt invites applications for RBI deputy governor’s post, last date Nov 30
The government has invited applications for the post of deputy governor of Reserve Bank of India from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025.
One of the deputy governors, Michael Patra’s current term will end on January 15.
Administration, including experience at the level of secretary or equivalent in the Government of India, or persons who have at least 25 years of work experience in an Indian or International Public Financial Institutions; or persons of exceptional merit and track record at the national or international level in the relevant field.
Disclaimer: The information in this newsletter has been compiled from various public domain sources and is presented as asummary for general informational purposes. Our research team verifies all content, but we do not claim originality of the research or images included.
International news
International mutual funds top returns with up to 3% last week.
ICICI Pru Strategic Metal and Energy Equity FoF, an international fund, led the returns with approximately 3.29% last week. Following closely, PGIM India Global Select Real Estate Securities FoF delivered a return of 2.13%. Edelweiss ASEAN Equity Off-Shore Fund provided a return of 1.35%, while Invesco India – Invesco Global Equity Income FoF generated 1.02%. Lastly, DSP World Mining FoF recorded a return of 0.89% in the same period.
In September, mutual funds had a cash balance of ₹1.86 lakh crore, or 5.02% of total Assets Under Management (AUM). Six mutual funds held over ₹10,000 crore in cash, with ICICI Prudential Mutual Fund leading at ₹31,976 crore (7.85% of its AUM). SBI Mutual Fund, the largest by assets, had ₹27,126 crore in cash, making up 3.71% of its AUM.
The fund house held ₹23,701 crore in cash, accounting for 6.22% of its total Assets Under Management (AUM). Another fund house maintained ₹5,673 crore in cash, which constituted 18.06% of its total AUM. Additionally, Quant Mutual Fund reported a cash portfolio of ₹12,614 crore, representing 13.74% of its total AUM.
With under two days to polling, ‘dead heat’ continues in U.S. presidential election
NYT-Siena poll shows Vice-President Kamala Harris leading Republican candidate Donald Trump in four out of seven ‘swing States’ but just within error margins. With less than two days to go for the pivotal presidential election in the U.S., reputable pollsters in the country have called the race a “dead heat”. But the margins were even closer in the seven “battleground” States that could decide the winner of the electoral college and therefore the next President.
The two things US needs from the Federal Reserve right now
As Federal Reserve officials prepare for the start on Wednesday of their two-day policy meeting, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management policy measures to “fine tune” the economy.
The lesson learned on more than one occasion is that – apart from threats of high inflation at the one end and recessions or balance sheet implosions at the other end – it is better to maintain a steady policy steer rather than react to every data point. The time has come for the Fed to internalize, albeit belatedly, this lesson.
Blackstone in advanced talks to acquire shopping center owner Retail Opportunity
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp , which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter.
If the talks are successful, a deal could be finalized in the coming weeks, the sources said, requesting anonymity as the matter is confidential.
Blackstone is likely to prevail in the auction for ROIC that has also attracted interest from other private equity firms, including Bain Capital, the sources said.
Delhi NCR analysis
Delhi’s air quality remains ‘very poor,’ posing significant health risks.
Delhi’s air quality hit a new low, with AQI levels soaring to 433 in areas like Anand Vihar on Monday. In Noida, air quality deteriorated to the ‘very poor’ category, reaching an AQI of 313 on Sunday. Meanwhile, the RG Kar Medical College rape-murder trial against Sanjay Roy is set to begin on Monday in a Kolkata sessions court.
Delhi’s air quality sharply worsened on Sunday as calm winds and low mercury impacted the dispersion of pollutants. Within 24 hours, the Air Quality Index (AQI) rose from 316 on Saturday to 382, placing it in the higher end of the ‘very poor’ category. IMD has predicted that mist or smog conditions during the early hours of Monday to Wednesday
Sohna emerges as a new micromarket in Delhi-NCR, set to add over 16,000 residential units in 3 years.
Real Estate News, Haryana Real Estate, Sohna Road Real Estate Market: Haryana’s Sohna is emerging as a new micro-market in the National Capital Region (NCR). The town has experienced a remarkable rise in residential supply post-pandemic, becoming the third-largest market in Gurugram after Dwarka Expressway and New Gurgaon.
According to Square Yards, the surge in real estate is due to the improved infrastructure and increased developer activity. It stated that the total new supply in Sohna (since 2020) already surpassed the cumulative supply of the previous decade (2010– 2020), signalling an inventory with an average age of less than four years. It noted that the market is mainly dominated by 2BHK units, which account for 65 per cent of supply, followed by 3BHK units at 26 per cent.
Co-working firm Innov8 to double capacity to 100 centres in 2025 across Mumbai, Delhi-NCR and Bengaluru, among others
New Delhi-based co-working space operator Innov8 on November 4 said that it plans to double its capacity to 100 centres in the coming year across the 10 major markets it is currently present in.
According to the company statement, the premium flexible office space provider presently operates over 45 centres with a capacity of approximately 17,000 seats across 10 cities including Delhi, Gurugram, Noida, Mumbai, Navi Mumbai, Pune, Chennai, Bengaluru, Ahmedabad and Hyderabad.
Innov8 is now shifting towards bigger centres with the seat capacity expected to expand to over 50,000, a 3x increase, while the number of centres doubles, the statement said.
Overall Market Overview
The Delhi NCR real estate market is experiencing robust expansion across commercial, retail, and housing segments. In the office sector, demand for co-working and flexible spaces is growing steadily, especially in Gurugram and Noida, as businesses adapt to hybrid work models. The retail sector has bounced back strongly, with increased consumer visits and brands focusing on seamless online-to-offline experiences