Landlord mistakes to avoid in India, and more updates

For PropertyGuru’s news roundup, landlords in India must be cautious to avoid common pitfalls in renting out a property. In other updates, Chinese manufacturers, already leaders in the electric car sector, are now setting their sights on the global electric truck market despite the West imposing tariffs to curb trade dominance. Lastly, Mastercard Philippines anticipates significant growth in cashless payments through the adoption of new technology.

Top mistakes landlords should avoid when renting a property in India
Renting out a property can be a profitable venture, but landlords in India must be cautious to avoid common pitfalls. According to Housing.com, mistakes such as not having a detailed rental agreement, skipping tenant background checks, and failing to document property conditions can lead to disputes and financial losses. Properly understanding rent control laws and staying compliant with legal obligations are key to safeguarding investments. The report urges landlords to remain proactive and informed.
Chinese firms expand from electric cars to trucks despite trade tariffs
Chinese manufacturers, already leaders in the electric car sector, are now setting their sights on the global electric truck market. This expansion comes even as the West imposes tariffs to curb trade dominance. HKFP reports that Chinese firms are leveraging their expertise and cost advantages to produce electric trucks that compete with traditional manufacturers. With a focus on innovation and sustainability, these companies are poised to challenge Western automakers amid shifting global trade dynamics.
Mastercard Philippines expects NFC technology to drive cashless payments
Mastercard Philippines anticipates significant growth in cashless payments through the adoption of Near Field Communication (NFC) technology. According to BusinessWorld, NFC-enabled transactions allow for faster, more secure payments using smartphones and contactless cards. The growing preference for digital payments is driven by increasing smartphone penetration and improved infrastructure for contactless systems. Mastercard highlights that NFC technology will play a crucial role in promoting financial inclusion and reducing reliance on cash.
The Property Report editors wrote this article. For more information, email: [email protected].