Good morning, it's mid week and thus, time to quickly evaluate our job satisfaction levels.
Sri Lanka just cleared the air around it's commitment to pay the interest due on USD51 billion of global debt by suspending all payments till an IMF bailout arrives.
China's economy is refusing to go easy on the brake pedal.
Pakistan's brand new PM is making populist moves based on imaginary forex reserves.
We are in an interesting neighbourhood and this is a very exciting time to write a weekday newsletter.
Job satisfaction level - 💯
🏃♀️🍎
5 Top Real Estate Tech Trends
No point rehashing the whole COVID-19 impact on global real estate. We all know the last-minute hustle, restrictions and innumerable deals stuck in limbo.
Yet, if you look at it another way, the pandemic forced real estate to transform digitally as a whole and today, the sector is recovering steadily and even booming in several regions.
Biggest tech trends worth noting
🔼 Hyper-automation will cover contracts, leases, invoices and other complex workflows without human intervention, errors and operational hassles.
🔼 Artificial Intelligence will help managers input high data volumes and get outputs instantly, enabling better decision-making. From estimations and forecasting to AI-based voice assistants/chat-bots, and personalized marketing, this one’s here to stay.
🔼 Blockchain tech will help managers streamline operations, enabling newer investment avenues along with stringent transaction verification. In fact, the middleman could soon be elbowed out of the transaction game by e-signatures, smart contacts and virtual payments.
🔼 VR & AR- These technologies are enabling 3D walkthroughs, virtual experiences and more already.
🔼 Metaverse- Last but not the least, this one will become the global real estate platform with new technologies, transactions and virtual properties.
In one sip
Tech is the backbone of innovation in the global realty space. No two ways about it. Watch out for smarter buildings, self-service portals, and better analytics soon.
Realty Blooms In The Valley Again
The Jammu and Kashmir Housing and Urban Development Department (HUDD) is about to implement the eagerly-awaited 50% stamp duty remission for first-time homebuyers.
What we know so far
The Finance Department has received the final modalities for the notification and approval, as confirmed by HUDD Principal Secretary, Dheeraj Gupta.
The attractive rebate was earlier confirmed by the Government in J&K for boosting the realty market, led by Lieutenant Governor Manoj Sinha and his Administrative Council.
What is expected to happen?
The pioneering decision on 25th February and the eventual stamp duty cut for two years should greatly boost the Valley’s realty sector. It will draw newer buyers and enhance overall housing affordability.
Wednesday Map Quest
Lopsided Housing Market Is Making Australia Pay
Neglecting problems can lead to severe consequences, aka a stitch in time saves nine, and it seems Australia’s housing market owns this statement.
The lack of affordable housing options is reportedly costing the country hundreds of millions of dollars per year.
What is it about, mate?
A report by Dr. Andy Nygaard of the Swinburne University of Technology states how lack of investments in this space is costing the world's biggest island AUD676.5 million annually in lost economic and social benefits.
Who’s paying the price?
The Australian economy, which mostly means the taxpayers.
How much will it spiral to?
A whopping AUD1.286 billion by 2036.
Biggest Losers
Sydney, Gold Coast, Melbourne, Parramatta, Sunshine Coast, Northern Territory, Tweed, etc.
Solution anyone?
Something like the Everybody’s Home campaign started by various organisations.
What about the Government?
The Home Guarantee Scheme for 5% deposits and the First Home Super Saver Scheme are being touted. The question of their effectiveness however remains unanswered. Guesses?
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🌏 Wednesday Map Quest: That's how fish see the world. 🙈
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Guess what the Supertech twin towers in Noida's Sector 93A are soon turning into.
35,000 tonne of debris.
Please note that most of the debris collected so far after breaking the shear walls would be used to fill the gigantic basement of the building to cushion the shock of the ka-boom.
Now, pressing that button is job satisfaction on a whole new level.
See you tomorrow. 💚
☕ The Crew@Ginger Chai