Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week.
According to ANAROCK Property Consultants data, where banks and NBFCs turning their back on real estate, private equity funds pump $3.8 billion into Indian real estate sector. PE funds have invested $3.8 billion in the first nine months of the calendar year, 19% higher than the $3.2 billion invested during the same period a year ago.
A Trump Tower developer in Mumbai, Macrotech Developers, (earlier known as Lodha Developers) is shifting their focus to provide affordable apartments and office space as demand for posh properties have been squeezed down. The developers will cut the share of premium housing from its portfolio to about 17% from 30%, said Managing Director Abhishek Lodha.
As elections round the corner, the Union cabinet gave green flag for the regularization of unauthorized colonies in Delhi. This decision will be applicable to 1,797 identified unauthorised colonies, says Hardeep Singh Puri Housing Minister.
Delhi’s air quality worsens ahead of Diwali. According to Center-run System of Air Quality and Weather Forecasting and Research (SAFAR), the air quality index (AQI) of Delhi was docking at 235. The residents are complaining of a rise in respiratory problems and allergies.
Is there any solution to Bengaluru’s water crisis? As the city is rapidly losing its groundwater, the water bodies have shrunk, to give way to buildings and infrastructure projects.
That was all for this week, we’ll be back next week until then stay updated and celebrate the festival of lights with your loved ones and yes say no to noisy crackers. Save your lungs by saving the environment.