In this week's edition of?Open House, I share my thoughts on bank-auctioned properties. To read the full editions in your inbox every Wednesday,?subscribe for free?on my website (https://ashwinderrsingh.com/).
With politics taking center-stage again this week, a lot of data coming out of real estate may have missed your news feed. Here are my top 5 reads from last week:
- G20 Boosts Real Estate – India's hosting of the G20 meetings in 2023 has boosted the country's real estate sector. The event has helped to raise India's profile on the global stage and is likely to have an impact on FDI and property values. (Read more)
- Credit to Real Estate Grows – Credit outstanding to the real estate sector in India grew by 38% in July 2023 from a year ago, according to data from the Reserve Bank of India (RBI). This is the highest growth rate in the sector since March 2021. The increase in credit is being driven by a number of factors, including low interest rates, rising demand for housing, and government initiatives to boost the sector. (Read more)
- MahaRERA Grades Projects – The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to grade real estate projects based on their compliance with the regulatory norms. The grading will be done on a scale of A to D, with A being the highest grade. The move is aimed at improving transparency and accountability in the real estate sector. (Read more)
- Congress Shutdown Deadline – The US Congress is facing a deadline of September 30 to avoid a government shutdown. The shutdown would occur if Congress does not pass a funding bill by that date. Republicans and Democrats are deadlocked over funding for President Joe Biden's social spending agenda, which is a major sticking point in the negotiations. (Read more)
- Airbnb's de facto ban in NYC – A New York court has upheld a ban on short-term rentals of apartments through Airbnb and other platforms. The ban was put in place in 2016, and it has been challenged by Airbnb and other companies. The court ruled that the ban is legal and that it is necessary to protect tenants' rights and prevent the displacement of residents. (Read more)
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1 年Unlocking Geopolitical Shifts: The India – Middle East – Europe Economic Corridor (IMEC) In a historic development with far-reaching geopolitical implications, several nations spanning continents have come together to announce the creation of the India – Middle East – Europe Economic Corridor (IMEC). This Memorandum of Understanding (MOU) was unveiled on the sidelines of the G20 summit in New Delhi by the government of India, Middle Eastern countries, Europe, and the United States, marking a significant milestone in global economic and political dynamics. To read more... https://vichaardhara.co.in/index.php/2023/09/21/unlocking-geopolitical-shifts-the-india-middle-east-europe-economic-corridor-imec/