Postweek Report (12–16 Mar)
Rapid urbanisation and rising household income are some reasons expected to drive the realty sector
Markets update
The markets ended last week marginally lower amidst political upheaval after the Telugu Desam Party (TDP) formally decided to quit the NDA government. However, the Mid-cap Index closed up for the week. Nifty was down 0.31% at 10,195.2 whereas Sensex closed down 0.39% at 33,176.0.
Foreign institutional investors bought Rs 6,713.73 crore worth of shares last week and industrial production for Jan 2018 increased by 7.5%.
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Steady demand generated through rapid urbanisation, rising household income, the emergence of nuclear family structure, new RERA law and infrastructure status to affordable housing segment all combined will drive growth of the sector according to the report.
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The National Highways Authority of India (NHAI) has bid out 1,500 kms length of road contracts in March 2018. The institution intends to award another 4,000 kms of road contracts before the end of the financial year. If done, the total length of road contracts awarded this year would be 8,000 kms. This is substantially higher than the 4,355 km awarded during the previous financial year.
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