Indian real estate sector is witnessing a recovery and sales in major metro markets suggest that future looks bright for big and medium sized real estate developers.

Real estate investors, builders, end users are concerned about the impact of COVID-19 on the real estate sector in India but a report by ANAROCK suggests that inquiries for real estate have reached

Unitech, the country's second largest realtor by market capitalisation, has finally sold its 200-key Gurgaon Marriott Courtyard hotel property to Roop Madan, a high net worth individual (HNI) based in Delhi.

Roop Madan is the managing director of Sanya Motors, the official dealer of Tata Motors in New Delhi with three car showrooms. Sources said that Madan also owns a small realty venture, Sanya Hospitality, and is one of the investors in the Logix group.

Delhi/Gurgaon, Jan. 7 : Visa and Delhi Gurgaon SuperConnectivity Ltd. (DGSCL) have introduced a Standing Instruction (SI) facility that enables motorists to reload their Smart Tags automatically using their Visa credit cards.

This will be convenient for motorists as the Smart Tags can be programmed to automatically reload when the stored value decreases to a specified level. This amount would be deducted from the customer's Visa credit card and reflected in their monthly statement.

Gurgaon, Dec 11 : In a comprehensive study, the Everest Group has suggested that South Africa is emerging as credible offshore business destination.

Elaborating on the findings of the study, Nikhil Rajpal, Principal, Everest Group, said, "South Africa presents a significant opportunity for global financial services firms looking to expand their offshore footprint. It offers a 50-60 per cent operating cost savings potential over western markets. Further, we observed that the savings gap between Johannesburg and a low-cost offshore destination like Bangalore has decreased from 30 per cent in 2005 to 15 per cent in 2008 and could further decrease to just
8 per cent in 2012."