Indonesia News
Soaring rents and record-high house values along with excessive interest rates have combined to create the worst buying and renting conditions in more than 20 years according to ANZ. There’s a $222 billion gap between how firms value their real estate on their books, versus what those self same properties would fetch within the current market. UP police hooked up properties worth Rs 113 crore of jailed politician Vijay Mishra, together with real estate in Delhi and Prayagraj acquired via criminal activities. The properties were seized beneath the Gangsters Act, totaling Rs 243 crore. The firm is in talks to amass 1 million sq. ft of mall area; outlines the strategic shift towards buying brownfield projects, while emphasising preparedness to swiftly integrate acquired malls into its structure. Two weeks back, regulator had revoked all of the five affordable housing projects of the developer because it didn’t adjust to the provisions of Rera Act and full the projects.
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