AGP Executive Report
Last update: 5 hours agoAustralia’s Housing Downturn: Home values fell for a seventh straight month, with capital-city prices down 8.1% in seven months. Westpac forecasts a 10.9% national drop by March 2027 and reported credit impairment charges more than doubling. India’s Property and Lending Risks: The Enforcement Directorate has opened a probe into an alleged ₹1,322-crore LIC Housing Finance loan fraud involving Essel Group chairman Subhash Chandra. Separately, the Bombay High Court ordered MHADA to hand over a Kandivali plot after a 21-year delay, calling the denial a “travesty of justice.” Weak Project Response: Bhubaneswar’s development authority extended applications for its Ekamra Residency project and revised terms to align with RERA, after receiving fewer than 200 applications for 496 flats. Mumbai’s occupation-certificate amnesty scheme has drawn fewer than 10 applications despite thousands of buildings potentially lacking certificates. Property and Dirty Money: An investigation in The Gambia found real estate deals are being used to channel illicit funds, with some firms allegedly failing to follow anti-money-laundering requirements. Housing Protests: Thousands rallied in Lisbon and Porto after police cleared encampments set up to protest the housing crisis.
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