South Korea’s Capital Seoul Paralyzed by Once-in-a-Generation Snowfall Freezing Travel and Shutting Down the City – Travel And Tour World

South Korea’s capital, Seoul, faces a rare snowstorm, freezing travel, grounding flights, halting ferries, and disrupting daily life with record-breaking snowfall.

The storm led to the cancellation of over 220 flights, the suspension of 90 ferries nationwide, and the closure of hiking trails. In Hongcheon, icy roads triggered a tragic five-vehicle accident, leaving one person dead and four injured. The heavy snowfall also caused trees and signboards to collapse, prompting urgent safety measures by authorities.

Snowfall is forecasted to persist until Thursday afternoon, with central, eastern, and southwestern regions bracing for further disruptions.

India’s Real Estate Market Signals Improved Affordability as Rate Cuts Loom

India’s residential real estate market is gearing up for enhanced affordability, driven by anticipated interest rate reductions by the Reserve Bank of India.

A report from JLL predicts a cumulative rate cut of 50 basis points, potentially easing financial burdens for homebuyers after years of stagnant rates and rising property prices. The JLL Home Purchase Affordability Index suggests most cities will see improved affordability by 2025, with Kolkata remaining the most affordable market, while Mumbai and Pune approach optimal levels.

With evolving homeownership trends driving record-breaking sales, the residential market is projected to reach 305,000–310,000 units in 2024 and 340,000–350,000 units by 2025. According to Dr. Samantak Das of JLL, income growth combined with lower borrowing costs will energize both buyers and developers.

Sunteck Realty Earns Global Recognition for Sustainability Excellence

Mumbai-based Sunteck Realty Limited secured a prestigious GRESB score of 96 for FY2024, positioning itself among the global top 20% in real estate sustainability.

The company received the Sector Leader award for its commitment to ESG principles and sustainable luxury development, aligning with EDGE standards. Chairman Kamal Khetan reiterated Sunteck’s dedication to innovation that balances luxury and sustainability to serve present and future communities.

Quick Action Saves Lives in Mumbai Apartment Fire

A potential tragedy was averted in Mumbai’s Andheri area when a fire broke out on the sixth floor of a residential building on Wednesday morning.

The blaze, which erupted at 8:42 a.m. in the Chinchan building, was swiftly brought under control by firefighters within 18 minutes. Fortunately, no casualties were reported. Authorities have launched an investigation to determine the cause of the fire as cooling operations continue.