India's key property market Delhi-NCR has remained buoyant during December quarter, with housing sales and new supply estimated to rise 25% and 59%, respectively, according to PropEquity. RE data analytic firm PropEquity data shows that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this calendar year from 10,354 units in the year-ago period.
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Industry body CII proposes reforms to India's Priority Sector Lending framework, suggesting inclusion of emerging sectors like digital infrastructure, green initiatives, and innovative manufacturing, and setting up a committee to review PSL norms and explore the need for new Development Finance Institutions.
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US stock markets will close early on December 24 and remain shut on December 25 for the Christmas holiday, resuming normal operations until the New Year's holiday on January 1. Meanwhile, Wall Street closed higher on Friday, December 20, with the Dow Jones Industrial Average, Nasdaq Composite Index, and S&P 500 Index all posting gains.
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