India negotiating deal to create 1 million homes in Australia, approaches UAE for financial help | AI News Digest
India is in advanced negotiations to construct 1 million homes in Australia, with Union Minister Piyush Goyal highlighting this as a $500 billion opportunity. To support this initiative, India is seeking financial assistance from the UAE, which has shown interest in investing in Indian real estate. The project aims to address the housing demand-supply mismatch in Australia, which has contributed to rising home prices. Indian workers will be trained in Australia to meet local construction standards. This housing deal is part of broader trade negotiations between India and Australia, as well as other countries, to enhance economic ties and explore new markets.
