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 […]
Corona Virus Might Lead to a Steep Fall in Property Prices in India
India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even […]
Housing Sales Between January And March Slide To 42% Year – On – Year Till Now Due To Corona Effect
The novel coronavirus (Covid-19) outbreak has further aggravated the stress in the beleaguered real estate sector, with apartment sales declining 42% year-on-year and 24% on a quarterly basis so far in the January-March 2020 quarter. Sales are largely concentrated in big cities like Delhi, Mumbai, Bengaluru and Pune. According to […]
ICRA Opines That Corona Virus Lock Down Will Come Down Hard On NBFCs
The 21-day lockdown across the country is set to hit non-banking financial companies (NBFCs) hard as small business owners and low-income households find it hard to service their loans. NBFC loans in the affordable housing, small and medium enterprises (SMEs), loan against property (LAP), real estate and microfinance (MFI) segments […]