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Ministry of Housing and Urban Affairs launches India's first housing e-commerce portal for home buying - Express Computer

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In a bid to resurrect from a continuous decline in the housing sales and revive the demand amid the worst hit Covid pandemic, the country's real estate developers will soon offer over 2.70 lakh'ready – to – move – in' houses for online sales to the homebuyers in a first and biggest ever housing festival, which will begin soon. Initiated by National Real Estate Development Council (NAREDCO), in this festival, the developers from all over India will list their housing properties for sale on an exclusively created E-commerce marketplace'NAREDCO Housing For All' developed in guidance with the Ministry of Housing and Urban Affairs. This festival is expected to unlock the affordable housing properties worth over Rs 1.21 lakh crore and offer a great opportunity to the national and international homebuyers to buy RERA registered properties at the right prices anywhere in India. Hardeep Singh Puri, Minister, Housing and Urban Affairs, Government of India announced the launch of the e-commerce portal and also unveiled the recently approved'Affordable Rental Housing Policy' knowledge pack to support a huge influx of people in urban India find affordable rental housing. Niranjan Hiranandani, National President, NAREDCO and President, ASSOCHAM, Rajan Bandelkar, Convenor, NAREDCO Housing For All Portal and President – West, Rajeev Talwar, Chairman, NAREDCO, Shri Praveen Jain, Vice Chairman, NAREDCO and other industry delegates were present at the Web-based event.


Top 10 AI Companies Redefining the World of Retail

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Nowadays, retail industry is in a constant state of transformation. The sector highly depends on data from its own operations and customer analysis as a whole to make crucial decisions. The retailers are attempting to survive the fierce competition on the market and fast-changing customer shopping habits using technology. Artificial intelligence in retail industry comes with several benefits such as predictive merchandising, programmatic advertising, market forecasting, in-store visual monitoring & surveillance, and location-based marketing. The implementation of technology has impacted constant changes in CRM and sales, manufacturing, logistics and customer service.


Indian firms struggle to lure migrant workers back after virus woes

The Japan Times

Mumbai – Spurning free air tickets, accommodation and higher pay, millions of migrant workers who fled India's cities when coronavirus hit are too scared to return, with grim implications for the already crumbling economy. Migrant laborers form the backbone of Asia's third-biggest economy toiling in every sector from making consumer goods and stitching garments to driving cabs. But when India went into lockdown in late March, vast numbers lost their jobs, prompting a huge heart-rending exodus back to their home villages, sometimes on foot, their children in their arms. Some died on the way. Mumbai's swanky high-rises, for example, were built and largely staffed by people from poorer states such as Uttar Pradesh, Bihar and Odisha, who worked as security guards, cooks and cleaners.


Indian firms try to lure workers as coronavirus keeps them away

Al Jazeera

Spurning free air tickets, accommodation and higher pay, millions of migrant workers who fled India's cities when the new coronavirus hit are too scared to return, with grim implications for the already crumbling economy. Migrant labourers form the backbone of Asia's third-biggest economy toiling in every sector - from making consumer goods and stitching garments to driving cabs. But when India went into lockdown in late March, vast numbers of them lost their jobs, prompting a heart-rending exodus back to their home villages, sometimes on foot, their children in their arms. Nearly 200 migrant workers died on the way, according to data compiled by a road safety NGO. Mumbai's swanky highrises, for example, were built and largely staffed by people from poorer states such as Uttar Pradesh, Bihar and Odisha, who worked as security guards, cooks and cleaners.


Evergrande Fuels Concerns Over China's Housing Bubble

International Business Times

A state crackdown on China's colossal property market has helped send one of its biggest developers to the brink of collapse, and analysts warn the fallout could lead to the bursting of a bubble that has been building for more than two decades. China's property market has been a critical part of the economy, as Beijing's promise to improve people's living standards translated into new homes that in turn fuelled massive construction. Hundreds of millions of middle-class Chinese see property as a key family asset and status symbol. A state crackdown on China's colossal property market has helped send Evergrande to the brink of collapse Photo: AFP / JADE GAO China's housing scene took off after key 1998 market reforms that boosted the private market from employer-designated homes -- rocketing in a breathtaking building boom on the back of rapid urbanisation and wealth accumulation. But, as prices soared, an anxious Beijing fretted about wealth disparity and the potential for social instability.