Work from home (WFH) may have a big negative impact on India’s commercial real estate, with perhaps half-a-million sq ft of office space getting vacated. This will likely be a big blow to a sector that had seen substantial investment activity in pre-pandemic months. Some of India’s top professional services […]
CBRE Points Out That Real Estate Will Take Time To Revive. It Also Points That It Is Set For Consolidation
The country’s real estate market is set for a slow recovery but the long-term prospects remain extremely positive, says Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE. In an exclusive interaction with BusinessLine, Magazine said, “The sector will see some consolidation, structural changes, and the […]
Know How The Govt’s Relief To The Real Estate Developers Will Impact Home Buyers
In order to provide relief to the real estate industry, the government on Wednesday (May 13) extended the deadline for registration and completion of projects for six months. This comes as a relief to developers who are struggling due to the COVID-19 pandemic. Finance Minister Nirmala Sitharaman said: “The Urban […]
Virtual Tours Are Inconclusive For Purchasing A House
Real estate is among the worst-hit sectors due to lockdown, with both construction and sales of property coming to a complete halt. While the government has allowed commencing of construction work in some non-containment zones, the real challenge for developers and consultants is to motivate homebuyers to buy property in such uncertain […]