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Check FAQAbout Ashish
ashish mishra is a journalist based in Uttarkashi, India.
News Gathering
Fact Checking
Portfolio
DLF confident to achieve sale guidance despite a drop in sales bookings in Q2FY25, says CEO
DLF Limited remains optimistic about meeting its sales guidance for the fiscal year 2024-25, despite a significant drop in sales bookings in Q2FY25. CEO Ashok Tyagi highlighted a strong pipeline and new product launches, particularly in the residential sector. The company aims to achieve Rs 17,000 crore in sales, with approvals for key projects like The Dahlias in Gurugram already in place. DLF's net profit and revenue have seen substantial year-on-year growth, reinforcing its positive outlook. The Dahlias project is anticipated to contribute significantly to sales in the upcoming quarter.
Realty firms Eldeco, Purvanchal Projects, Arihant Buildwell buy group housing plots near Noida airport
The Yamuna Expressway Industrial Development Authority (YEIDA) has successfully auctioned nine group housing plots for over Rs 1,000 crore, driven by the increasing demand for residential properties near the upcoming Noida International Airport. Prominent real estate developers, including Eldeco, Purvanchal Projects, and Arihant Buildwell, secured plots in sectors 18 and 22D along the Yamuna Expressway. The auction marks YEIDA's first large-scale allotment since 2014, with plots expected to be developed into luxury housing projects. The reserve prices for these plots ranged from Rs 32,375 to Rs 35,612 per square meter, depending on size and location.
Developer Elan Group secures Rs 1,200-cr investment from Kotak Real Estate Fund
Elan Group, a real estate developer based in Delhi NCR, has secured a Rs 1,200 crore investment from Kotak Real Estate Fund to fuel its expansion plans. The investment will help Elan Group strengthen its presence in Gurugram's real estate market, focusing on residential, retail, commercial, and hospitality projects. The company aims to fast-track ongoing projects and explore new developments, with a commitment to exceeding customer expectations. Kotak Real Estate Fund, part of Kotak Alternate Asset Managers, has been a significant player in the real estate investment sector since 2005.
QIP issuances by real estate developers hit Rs 12,801 crore in Jan-Sept 2024, second highest after renewable energy
In the first nine months of 2024, the real estate sector in India raised Rs 12,801 crore through Qualified Institutional Placements (QIPs), making it the second-highest sector after renewable energy. This surge reflects the sector's significant role in capital markets and growing investor confidence. Factors such as robust housing sales growth, post-pandemic recovery, and increased transparency have driven this trend. Developers are also leveraging Initial Public Offerings (IPOs) to fund new projects, with several firms raising substantial amounts since 2021. The strong sales and capital inflow are expected to continue, further boosting investor sentiment.
Rahul Gandhi camp 'systematically marginalising' Priyanka Gandhi, Robert Vadra, says BJP
The BJP, through leader Amit Malviya, has accused Rahul Gandhi's camp of systematically marginalising Priyanka Gandhi Vadra and Robert Vadra in the Congress party. Robert Vadra has shown interest in joining politics and contesting from Amethi, a seat previously held by Rahul Gandhi. Despite this, Rahul Gandhi has filed his nomination from Rae Bareli and is also contesting from Wayanad in Kerala.
Unsold housing stock down 16% YoY in Q1CY24 in Tier-1 cities, sales up 8%: PropEquity
The unsold housing stock in Tier 1 cities in India decreased by 16% year-on-year in Q1 2024, with the current inventory standing at 4,81,566 units. Delhi-NCR saw the largest decline at 37%, followed by Mumbai at 31%. Housing sales in these cities increased by 8% despite a 19% decrease in new supply. Thane, Pune, and Hyderabad led in quarterly sales, with Navi Mumbai experiencing the highest growth in sales at 55%. Samir Jasuja, Founder and Managing Director at PropEquity, highlighted the healthy demand in the market, noting that sales are surpassing new launches.
Yamuna Expressway Authority to develop five industrial parks near Noida International Airport
The Yamuna Expressway Authority is set to develop five industrial parks near Noida International Airport, including parks for electric vehicles, plastic processing, footwear, handicrafts, and a transport hub. The project will involve acquiring 600 acres of land.
Lok Sabha Election 2024: Chhindwara MP Nakul Nath files nomination papers with father Kamal Nath
Chhindwara MP Nakul Nath, accompanied by his father Kamal Nath, is set to file his nomination papers for the upcoming Lok Sabha elections. Kamal Nath expressed confidence in the support of Chhindwara's people, emphasizing a familial bond rather than a political one. The event follows Deepak Saxena's resignation from Congress and his son Ajay Saxena's shift to BJP. Kamal Nath met with Deepak Saxena, who later joined the rally. The nomination rally and public meeting are organized by the District Congress Committee.
Nonaxisymmetric modes of magnetorotational and possible hydrodynamical instabilities in the upcoming DRESDYN
The study investigates the linear and nonlinear dynamics of nonaxisymmetric magnetorotational instability (MRI) in a magnetized Taylor-Couette flow of liquid sodium, as part of the DRESDYN project. It demonstrates that the highest achievable Lundquist and magnetic Reynolds numbers in the experiment are sufficient for the linear instability of nonaxisymmetric modes, although these numbers are typically higher than those for the axisymmetric mode. The research also analyzes the structure and scaling properties of the ensuing nonlinear saturated state, revealing that nonaxisymmetric MRI modes decay for lower Reynolds numbers but grow and saturate for higher Reynolds numbers, forming a turbulent boundary layer near the inner cylinder wall. The saturation amplitude of these nonaxisymmetric modes is significantly smaller than that of the axisymmetric MRI mode.
Sunderlal Patwa set up camp and broke into Kamal Nath’s stronghold
Sunderlal Patwa of the BJP campaigned vigorously in Chhindwara, targeting the issue of women's insult following Alka Nath's resignation, which was instructed by Kamal Nath. Despite the Congress government's efforts to secure Kamal Nath's victory, Patwa won the by-election by 38,000 votes, amidst tight security and restrictions on vehicle movement.
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