News in Infographics: India's coal production rises, real estate sector bounces back & more

India’s coal production has witnessed a record growth of 36.23 per cent to 33.94 million tonnes in the first half of May 2022. The country’s domestic coal production was at 24.91 million tonnes during the same period last year, as per the data released by the Ministry of Coal.

Also Read: India's coal production up 36% in first half of May; CIL's output rises 34.44%

India’s financial capital Mumbai, touted to be one of the most lucrative cities for job seekers when it comes to chasing their dream jobs, has recorded a 41 per cent growth in Q4 FY22 against Q4 FY21 in hiring activity, according to job portal Naukri.com’s report.

Also Read: Mumbai sees 41% growth in hiring; demand for freshers at all-time high: Naukri report

Fresh college graduates and mid-senior professionals remained in great demand throughout the year due to the positive hiring trend in Mumbai. In Q4 FY22, the city saw an upsurge in the hiring for freshers with up to 1 year of experience and recorded 50 per cent y-o-y growth compared to Q4 FY21. Similarly, mid-senior professionals, with 10-15 years of experience, witnessed a y-o-y growth of 50 per cent in the hiring activity.

Also Read: Mumbai sees 41% growth in hiring; demand for freshers at all-time high: Naukri report

After touching the nadir in mid-2020, following the Covid-19 pandemic and the stringent lockdowns, the country’s real estate sector has bounced back in 2022, in spite of global uncertainties. Data from leading industry researchers show, with demand for residential homes continuing to remain steady, unsold inventory in the housing market is declining fast.

Also Read: As Covid-19 cases dip, real estate sector shows signs of bouncing back in 2022

From 234,600 unsold units at the end of March, 2020 that were available for homebuyers, the number has fallen to 186,150 units by March this year. According to Anuj Puri, Chairman, Anarock Group, “This is the highest supply reduction among all budget categories – clearly reflecting an enduring demand for affordable homes.”

Also Read: As Covid-19 cases dip, real estate sector shows signs of bouncing back in 2022

Realtors are in concurrence. Leading players like Raheja Developers, Hiranandani Group, Gulshan Group and Signature Global, among others, are witnessing steady surge in demand for residential homes for the past few quarters.

Also Read: As Covid-19 cases dip, real estate sector shows signs of bouncing back in 2022