Chief minister Chouhan inaugurated 426 houses constructed under the Mukhyamantri Flood Relief Housing scheme in 40 villages of Budhni tehsil from village Somalwada and conducted a virtual ‘grih pravesh’ of the beneficiaries.
Under proposed new rules, rental housing will focus on the development of homes no larger than 70 square metres in area for new residents and young people.
Mortgage lender Nationwide said house prices rose by 0.7% in monthly terms in October after a 0.2% rise in September. A Reuters poll of economists had pointed to another 0.2% increase.
The commercial building is a special economic zone (SEZ) which came into Brookfield’s commercial portfolio following the Canada-based investor’s acquisition of Hiranandani Group’s offices and retail space in Mumbai’s Powai suburb for about $1 billion in 2016.
LRD is a globally popular credit instrument offered against rental receipts. This will likely ease the funds crunch in the real estate sector, hit hard by the pandemic. The bank will be setting up a separate team and infrastructure for this service line.