Hi guys! Welcome back to the weekly news update, where we inform you about the latest happenings of the real estate sector. Let’s get started.
Beginning with an update on budget-friendly apartments. According to a study, over the last 5 years, the average size of budget-friendly apartments in the major cities is shrinking 17% to match affordability.
Update on Swachh Survekshan 2019. The Centre for Science and Environment (CSE) has claimed that there were many loopholes in the Swachh Survekshan 2019 survey and ranking of cities as the on-ground assessment for this was completed in just 28 days.
Next update on Aqua Line metro. Noida Metro Rail Corporation (NMRC) is going to introduce 50 low-floor, air-conditioned, and disabled-friendly feeder buses through 16 new routes in Noida and Gr. Noida for last-mile connectivity.
Update on the impact of demonetisation. The Reserve Bank of India (RBI) board had said that there will be a short-term negative impact of demonetisation on the country’s economic growth and detected that the exceptional move will not have any solid impact on tackling the black money menace
And last but not the least, the centre has permitted state governments to exclusively put the properties that were left behind by people who migrated to Pakistan and to China, i.e., enemy properties, to ‘public use.’
That was all for this week, we’ll be back next week with a new set on weekly news roundup until then stay updated and stay away from fake news.