Day: May 8, 2020

Rescuing Real Estate: Corona Shock Can Only Be Tackled If The Developers Undertake Bold And Agile Action

India’s residential real estate market has been battling multiple headwinds recently. The government-backed system clean-up through RERA, GST, demonetisation and the Benami Transaction (Prohibition) Act significantly impacted the housing sector. According to Knight Frank data, sales volume dropped by 10–15%, and new launches nosedived by 25-35% between 2014 and 2019, […]

India Revival Mission: Vikas Oberoi Opines That It Is A Myth That Large Inventories Will Bring Down The Prices Of Real Estate

The ongoing coronavirus outbreak and its impact on the economy have pushed sentiment in real estate to its all-time low. Both residential and commercial real estate sectors are expected to be hit in terms of launches, sales, and prices. The sector has not only taken a hit due to the lockdown to […]