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Noida Authority has started putting up notices on premises of housing societies warning that unsold units will be attached if dues are not cleared by this month. Developers of 30 projects have paid initial 25% of total dues, amounting to over Rs 250 crore. 12 group housing projects owe Noida Rs 1,697 crore and have not accepted govt's relief package yet.
Haryana: The house owners are advised to restore all such unauthorized construction to the original position and ensure that no sale/purchase of said units on the 4th floor is undertaken by them.
Aadhar Housing Finance: Aadhar, a leading lender to the economically weaker section, saw its assets under management grow 23% year-on-year to Rs 21121 crore at the end of March. Its average loan size is Rs 10 lakh.
Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.
QSR Cos Growth: Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that's nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.