Nifty slips and shaved most of the previous week's gain on the first trading day of the week. The negative global cues and selling pressure at higher levels marked the previous upswing as a probable retest of resistance post breakdown and hence the downward momentum continued.
Along with the resale homes market, luxury housing took the hardest hit after demonetization. The Government’s continued focus on affordable housing coupled with the surgical strike on high-value currency denominations in November 2016 took the sheen off luxury housing for two years in a row. As a result, developers restricted new supply in the luxury category across the top 7 cities.
However, ANAROCK's most recent research indicates that while the affordable and mid-segment housing sectors continued to dominate the overall supply in H1 2019, luxury and ultra-luxury housing also saw a resurgence.
Mumbai, Apr 30 : Vice Admiral Sanjeev Bhasin on Thursday took over as the Flag Officer Commanding-in-Chief of the Western Naval Command from Vice Admiral Jagjit Singh Bedi.
Bedi retired on Thursday after serving 40 years in the navy.
An alumnus of the National Defence Academy, Vice Admiral Bhasin was commissioned into the executive branch of the Indian Navy in January 1972 and obtained expertise in navigation and aircraft direction.
He has served as the commanding officer of the INS Khukri, INS Mumbai and INS Ranjit.