TUESDAY, 31 AUGUST 2021 03 LIVEMINT.COM CORPORATE NEW DELHI Biz activity Big builders tap demand for Adopting crypto now above assets as currency pre-covid level: report plotted projects after covid is a risky bet: IMF PTI Staff writer
[email protected] [email protected] Preference for own homes over apartments is prompting builders to redraw their strategies NEW DELHI usiness resumption activity continued its he International Mone- B northward journey and Madhurima Nandy tary Fund (IMF) has said reached a new high, much
[email protected] T that direct adoption of above the pre-pandemic levels BENGALURU crypto assets, such as bitcoin, for the week ended 29 August, as a national currency could according to the Nomura India op property developers are impact a country’s macroeco- Business Resumption Index planning launches of plots nomic stability. (Nibri). Nibri rose to 102.7 for close to major cities as they IMF’s warning comes days the week ending 29 August seek to exploit a surge in before El Salvador adopts the from 101.3 in the prior week, as demand in this segment dur- most popular decentralized per the brokerage. Ting the pandemic. digital currency, bitcoin, as a The index, which compared The plots will be offered either as legal tender on 7 September. business activity with the pre- standalone properties or as part of a In a historic move on 9 June, pandemic levels of March larger township or residential project, the central American nation IMF’s warning comes days 2020, had fallen steeply during said industry executives.