The property price index has been growing steadily in India in the past few years. The All India House Price Index (HPI) published by the Reserve Bank of India (RBI) grew at an annual rate of 3.5 per cent for the quarter which ended in June (Q1: 2022-23), expanding 1.8 per cent compared with the previous quarter.
Last week, the Chinese government released data which showed that new home prices fell at their fastest rate in over seven years, while property sales measured by floor area fell for a 15th straight month in October.
Hong Kong, September 9 (ANI): China's economy is in bad shape and could stay that way for a while. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's economy.
Beijing [China], July 27 (ANI): China is currently grappling with an economic slowdown along with a housing crisis as numerous Chinese citizens are boycotting mortgages because they are not getting possession of their accommodation units on time.
Mumbai (Maharashtra) [India], July 5 (ANI): The Indian rupee slumped to a new record low of 79.38 against the US dollar on Tuesday amid continued foreign fund outflows and a widening trade deficit.
New Delhi [India], June 6 (ANI/PNN): The company board of Vikas Lifecare Limited has approved the issuance and allotment of 12.50 crore equity shares to eligible, qualified institutional buyers (QIBs). The company has informed the bourses about the same.
Beijing [China], April 21 (ANI): Witnessing a surge in new COVID-19 cases, China on Wednesday reported 2,830 locally transmitted confirmed cases, the National Health Commission said on Thursday.
Beijing [China], April 20 (ANI): Witnessing a surge in new COVID-19 cases, China on Tuesday reported 2,753 locally transmitted confirmed cases, the National Health Commission said on Wednesday.
Shanghai [China], April 17 (ANI): China's economic hub Shanghai reported 3,238 confirmed locally transmitted COVID-19 cases in the last 24 hours, the municipal health commission said on Sunday.