Hi guys, we’re back with another set of weekly news roundup, where we inform you about the current updates of the real estate industry. So, without any further ado let’s get started.
Beginning with the Water issue. To ensure that the area gets clean drinking water, a low-cost, pure drinking water project is launched around West Bengal’s Shantiniketan as the area was badly affected by the high content of fluoride and other chemicals.
Update on RBI Monetary Policy. The Reserve Bank of India kept the repo rate unchanged at 6.5%. The real estate sector applauded this decision and said it will help carry forward the upward trend in demand.
Next update is on CREDAI. Keeping the situation of stalled housing projects in mind, that are faced with liquidity crunch, CREDAI highlighted the issues and demanded the government to lower the GST, dedicate funds and restructure the loans to such projects.
Some light on the co-living spaces now. According to the survey by Knight Frank India, about 56 per cent of millennials are willing to consider co-living spaces in the metro cities, which makes it one of the significant segments in the rental market.
And in the end, the Delhi government launched a common mobility card that will be applicable to metro trains, and buses to make using public transport convenient for the commuters.
So, these were the updates for this week. We’ll come back next week. Till then, do save water and visit our site www.realtymyths.com for more updates.