With a 21-day countrywide lockdown announced by Prime Minister Narendra Modi on Tuesday evening in the wake of the Corona virus pandemic that has hit the country, the big question now pertains to the impact that it is going to have on the Indian economy in general and the real estate sector […]
Corona Virus Will Actually Succeed In Giving A Body Blow To The Prices Of Mumbai Real Estate. Something Which No One Has Achieved Before
Ebrahim Mukadam purchased a 2BHK flat in an under-construction project called Godrej Central in Mumbai around five years ago. He bought the flat for Rs 2.05 crore. Today, as he looks to sell the ready apartment, the quoted price is roughly Rs 1.80-1.85 crore. The project itself has been shabbily […]
Realtors Opt For Digital Channels For Launches
Realty developers are now marketing their new launches using digital channels even as the outbreak of Covid-19 and the expected lower number of homebuyer visits at their sales offices offer no respite. Some large developers like Godrej Properties, Total Environment Building Systems and Prestige Group have launched digital site tours, email document confirmations and verifications […]
Real Estate Sector Applauds RBI’s Decision Of Bank’s Lending To NBFCs, HFCs
The Reserve Bank of India’s announcement on March 23 that bank credit to registered NBFCs towards agriculture, MSMEs and housing sector up to prescribed limits will be treated as priority sector loans for a year starting April is expected to ease liquidity constraints for the real estate sector, experts said. […]
Real Estate Developers Brace To Keep Residents Protected During Lockdown
Leading real estate developers in the NCR have started disinfecting the society amid the COVID19 scare in high rises in Delhi, Noida and Gurgaon. While realty develops Supertech is offering the service to other societies as well, developers of senior housing are also doing it voluntarily to stop spread of […]