In India, it is an age-old question: What is preferable, ready-to-move (RTM) homes or under-construction properties? As is the case with most things in life, both have advantages and disadvantages. Nowadays, many Indian homebuyers prefer to buy ready-to-move flats in Pune and other major cities, mainly because they worry about whether under-construction projects will get
Of total 1,178 projects launched across the top 7 cities in 2021, 614 were high-rises (G+10 floors or more) In 2019, of 960 projects launched, 603 projects (63%) were high-rises; 60% in 2020 NCR saw the maximum decline of 32% in total share of high-rises in 2021 against the pre-Covid-19 year of 2019, followed by
According to MSME Minister Narayan Rane, the SRI fund will benefit 5,000 MSMEs. In May 2020, Finance Minister Nirmala Sitharaman announced it would make equity investments in MSMEs growth once the fund is operational. Furthermore, the SRI fund Fund will operate under the mother-fund and daughter-fund structure. It will also be listed on stock markets
India’s Finance Minister Nirmala Sitharaman announced to impose a 30% tax on cryptocurrency. Partner at IndusLaw, Ritesh Kumar, told Business Insider, “The 30% rate of tax and restriction to set-off losses is a very bold move in discouraging transactions in crypto.” Nirmala Sitharaman, Finance Minister of India, said during the Union Budget 2022-23, “Cryptocurrencies will
Providing a broad-spectrum booster shot to the economy, Union Budget 2022-23 is progressive – especially with its emphasis on building the infrastructure of the country. The FM clearly emphasised the top priorities of the government – PM Gati Shakti for sustainable growth, inclusive development, productivity enhancement, and financing of investments. Notably, the government also expanded
The Commerce Division on Thursday introduced that the U.S. economy surged by 1.7% in the 4th quarter. Despite the pandemic and severe inflation, the financial growth soared to 5.7% — deemed the most important since 1984. A surge in the U.S. Economy The Commerce Division said, “primarily mirrored a rise in companies, led by well-being
As of 24th January 2022, Maharashtra reported 92,055 property registration in the first month of 2022. Though this is 33% lower compared to the previous month, a few working days are still left for the month to end. Anuj Puri, Chairman – ANAROCK Group said, “The revenue from property registration in Maharashtra has also declined
The smartphone market in India bounced back strongly in 2021. According to a report by research firm Canalys, Indian smartphone market registered 12 percent growth in 2021 compared to 2020. The reports states that smartphone manufacturers shipped 162 million devices in 2021 despite the chaos brought on of the pandemic. “Following a strong comeback in
India’s unemployment crisis has increased due to Covid-19. According to the Centre for Monitoring Indian Economy and International Labour Organisation, the unemployment crisis has existed for six years. Furthermore, India’s youth is frustrated with the job crisis and opting to migrate to Canada. Last month India’s unemployment rate slumped to 7.9% from a 23.5% peak
Integrated Townships – Luxury or Necessity?
According to the World Bank Group, India retains its place as the fastest-growing emerging economies. While India already has the world’s biggest rural population at 857 million people, this is expected to reduce significantly. By 2050, almost 50% of India’s overall population will be living in urban areas. This is mainly due to the expansion