Workers at a construction site of a residential building in Mumbai, India.
Indian real estate attracted nearly $14 billion of foreign private equity (PE) between 2015 and the third quarter (Q3) of 2019, according to latest Anarock data.
With the global impact of Covid-19 on multiple sectors, Indian realty sector is by no means an exception. It is said that there may be fewer residential project launches in the coming months.
The Real Estate Regulatory Authority’s (RERA) implementation of new guidance was a significant regulatory step to address the trust deficit in consumers’ minds and instil confidence in wary end-users in realty market.
At a time when lockdowns are impacting the normal activity across cities in India, a number of developers are protecting the migrant workers from leaving the construction sites by ensuring availability of basic facilities for their safety.
The NATO summit at Madrid has revealed a new resolve to strengthen the Western military alliance in the face of Russian invasion of Ukraine.
“There is a gaping hole in the governing of Britain where new ideas should be. Above all, we need to make our economy highly competitive, attract world-class talent and make our independence from the EU a platform for economic growth. But this needs a plan, with policy detail and strategic analysis. At present, there isn’t one.”
The urgent setup of a field hospital for earthquake victims in Afghanistan southeastern province of Khost to treat the affected people under the directives of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE is highly appreciable (“UAE sets up field hospital for quake victims in Afghan province,” June 30, Gulf Today website).