Post the coronavirus pandemic, real estate developers should focus on a mix of affordable and mid income segment housing to ensure sustained cashflows, as these are the categories that would bounce back first, Gopal Sarda, Group CEO, Kolte-Patil Developers Ltd told Moneycontrol. The listed Pune-based realty firm has projects spread […]
Reports Suggest That 78000 Ready To Move Homes are Unsold Across Prominent Cities
Around 78,000 ready-to-move-in housing units, valued at 65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants. It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked ready-to-move-in properties can leverage the COVID-19 period to their […]
COVID-19 Crisis: Virtual Project Leading Real Estate Business In The Midst Of Lull Celebrations
The current COVID 19 pandemic has affected every sector across India, and real estate is no exception. Due to the lockdown situation, festivals like Gudi Padwa/Ugadi, Chaitra Navratri and Akshaya Tritiya, which are generally considered auspicious to invest into real estate, have witnessed a gloomy mood amongst buyers this time […]
UP RERA To Start Grading Realty Projects And Developers Soon
Homebuyers who are planning to buy a house in Uttar Pradesh will soon be able to factor in grades of developers and projects before choosing one. Uttar Pradesh Real Estate Regulatory Authority (UP Rera) will soon start grading projects and developers based on various parameters such as financial quality, organizational […]