NEW DELHI: The government will soon issue guidelines and regulatory measures to help the real estate sector in dealing with the crisis triggered by the Covid-19 outbreak, Housing and Urban affairs secretary Durga Shanker Mishra said on Wednesday. With construction work on projects suspended because of the nationwide lockdown, he asked builders to help the […]
New Delhi: Facing delays due to the lockdown and migrant crisis, real estate developers are looking at tech companies, who are offering upto 50% reduction in the timing of construction. With ready to move property are in more demand than under construction one, developers looking for ways to complete construction as soon as possible. The […]
Noida: Though the government has allowed the resumption of construction activities at non-Covid hotspots of the district, developers say nothing has actually moved on the ground as only about 30 projects have managed to commence work and that too with a thin labour force.In the 250 real estate projects in progress in Noida, Greater Noida […]
NEW DELHI: All real estate projects that had a scheduled completion date on or after March 25 will get six months extension and real estate regulators (RERA) will have the discretion of allowing another three months leeway considering local conditions.This would save most ongoing projects from going into default due to delay in completion because […]
MUMBAI: Mortgage lender IndiabullsNSE 4.99 % Housing Finance has exited three realty projects of its investee companies across Mumbai, the National Capital Region (NCR) and Hyderabad, worth nearly Rs 450 crore, said two persons with direct knowledge of the development. In the largest of these three transactions, realty developer M3M has repaid Rs 225 crore […]
Will property prices fall? In the wake of the coronavirus pandemic, the question for most home-buyers is whether property prices will fall to merit purchase even in these difficult times. But even though demand is almost stagnant and inventory of unsold homes continues to pile up, there seems to be no significant correction in prices. […]
The SBICAP Ventures managed last-mile fund for stressed real estate projects has received over 100 new applications from realty developers in the last one month, said two persons with direct knowledge of the development. A significant part of these applications seeking financial support have been made during the last 15 days after the fund has […]
NEW DELHI: Unable to reduce property price directly due to high circle rates, leading real estate developers in NCR are offering benefits upto 25% of the property value to serious homebuyers in a bid to offload piled up inventory and tide over the liquidity crunch many are facing after the Covid-19 induced nationwide lockdown. Property […]
This week’s realty hot spot series features a locality in the national capital of Delhi. Mayur Vihar is a residential area in east Delhi that comprises both govt and privately built apartment blocks. It enjoys close proximity to office hubs and SEZs in Noida, while also being well connected with business centres in Delhi and […]
MUMBAI: Home buyers’ wait for delivery of their homes is getting longer as nearly 4.66 lakh apartments that were scheduled for completion and delivery this year are expected to miss their deadline now with labour shortage and liquidity squeeze caused by the outbreak of Covid19 pandemic. Prior to COVID-19, the top 7 cities were to […]
NEW DELHI: Many developers are looking at Common Area Maintenance (CAM) charges discount or waivers, according to a recent report by JLL India. This has emerged as a significant trend where landlords/developers are either agreeing or reviewing the same with occupiers, said the report. In Chennai, Kolkata, NCR and Mumbai, developers are open to discuss […]
India’s real estate sector –both the residential as well as the commercial segment – has been impacted by the Covid-19 pandemic. The industry will need to reconsider pre-crisis priorities and accelerate new strategic initiatives to adapt to a “next normal”, according to a report by global realty firm JLL. “Real estate as an asset class […]
