German Housing Crisis Worsens

German Builders to Strike Amid Construction Woes

In Germany, builders are set to go on strike, adding to the challenges faced by the troubled construction sector. This move comes amidst ongoing issues within the industry, highlighting concerns about working conditions, wages, and overall stability.

The planned strike by builders in Germany underscores the deep-seated problems plaguing the construction sector. Issues such as inadequate wages, poor working conditions, and lack of job security have fueled discontent among workers, prompting them to take collective action to demand better treatment and fair compensation.

The cons..

Germany Sees 2.5% Rise in New Home Prices

In the fiscal year 2023-24, Germany experienced a 2.5% increase in new home prices, signalling positive growth in the country's real estate market. This uptick reflects the resilience and stability of the German property sector amid economic fluctuations and global uncertainties.

The rise in new home prices demonstrates sustained demand for residential properties in Germany, driven by factors such as urbanisation, population growth, and low mortgage rates. Despite challenges posed by the COVID-19 pandemic and other economic factors, the German housing market has remained robust, attract..

Germany Sees 2.5% Rise in New Home Prices

In the fiscal year 2023-24, Germany experienced a 2.5% increase in new home prices, signalling positive growth in the country's real estate market. This uptick reflects the resilience and stability of the German property sector amid economic fluctuations and global uncertainties.

The rise in new home prices demonstrates sustained demand for residential properties in Germany, driven by factors such as urbanisation, population growth, and low mortgage rates. Despite challenges posed by the COVID-19 pandemic and other economic factors, the German housing market has remained robust, attract..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..