With the COVID-19 crisis playing havoc on the economy and real estate sector, the current sentiment of the real estate stakeholders has dropped to an all-time low of 31 in the first quarter (January – March) 2020. The ‘future sentiment score’ outlining the market expectations has also dipped well into […]
The Outbreak Of Corona Virus Has Led To The Disappearing Of Migrants That Has Affected Affordable Housing Big Time
Among the many sectors hit with the COVID-19 health crisis, affordable housing too will see a major dip in 2020. Around 6.1 lakh affordable units (priced below R40 lakh) were under construction across seven cities until the lockdown was announced, a real estate report mentioned. This is over 39 per […]
Coronavirus Lockdown 2.0 Guidelines Is All About Conditions That Are Important For Restarting Construction Activity
Offering some relief to the construction sector, the government on April 15 relaxed guidelines for lockdown 2.0 permitting some construction activity in the non-COVID-19 hotspots starting April 20. However, this is only provided strict social distancing guidelines are followed and construction workers are locally available on the site. Real estate […]
Uttar Pradesh RERA Gives Extension Of 3 Months To The Under Construction Projects
Agreeing to the request of the Confederation of Real Estate Developers Association of India (Credai) and National Real Estate Development Council (NAREDCO), Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has extended completion deadlines for under-construction projects registered in the state by three months. “The authority appreciated that there has […]
Deepak Parekh Opines That Real Estate Prices May Face A Down Fall Of Up To 20% Post Covid 19
Deepak Parekh, Chairman of mortgage lender Housing Development Finance Corporation (HDFC), on Tuesday said the real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown. “Prices of real estate have to come down, and will come […]
Corona Virus Effect Will Most Likely See The Funding For The Real Estate Sector Go Up As The Risk Increases
The cost of institutional funding for real estate projects during and post COVID-19 is likely to become expensive with financial institutions having to factor in risks of completion, construction timelines, supply chain disruption, zero absorption, not to mention the high cost of forex hedging, say transaction experts. Despite the government […]