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Rising construction costs increase home buying costs: CREDAI

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Rising construction costs increase home buying costs: CREDAI

Credai, a real estate brokerage agency, said on Thursday that due to the sharp rise in cement and steel prices, construction costs have risen by 10% to 20%, so housing prices may rise in the medium and long term. At a virtual press conference, Credai Chairman Satish Magar stated that due to the impact of the second wave of the COVID-19 pandemic, home sales have fallen “precipitously” since April. However, he did not give the magnitude of the decline in home sales expected from April to June compared with the previous quarter.

In terms of housing prices, Credai President Harsh Vardhan Patodia said that cement and steel prices have risen sharply in the past year. “In the medium to long term, real estate prices are bound to rise,” he told reporters. Patodia said that developers will be forced to raise prices because they cannot absorb the rising cost of construction materials. Patodia said that it will not increase the price of existing customers, but the price of new sales may increase.

The association has written to the government several times to control steel and cement prices. It also filed a complaint with the fair trade regulator CCI (Competition Commission of India). In the presidential election of Credai, Boman Irani said that due to the sharp increase in cement and steel prices, construction costs have risen by about 15%. However, he said that rising property prices do not mean that developers’ profit margins will increase. “Our profits are being squeezed,” he said. Ilani said that the second wave of COVID’s impact on real estate is even more pronounced because everyone has been affected to some extent. He said: “The second wave came very fast, heavy, and hit home.” Chairman Credai said that the government needs to step in and announce measures to rescue this industry that is vital to overall economic growth.

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He suggested that the government should allow the restructuring of developer loans and suspend loans to increase the liquidity of the industry. Last month, Credai stated that cement and steel prices have risen by 40% to 50% in the past few weeks and are suspected of price cartelization and unfair trade practices by manufacturers. The association has sent a letter to the Minister of Housing and Urban Affairs, Hardeep Singh Puri, seeking his intervention in the matter.

News Source : Financial Express

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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