State Bank of India Chairman Rajnish Kumar on Saturday exhorted real estate firms to keep their bank account standard, clear inventory as soon as possible and improve perception about the business. While plain-speaking to the real estate players, Kumar said course correction has to be undertaken by the industry if they want […]
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 […]
How Are Landlords And Tenants Dealing With The Menace Of Corona Virus?
With the entire country in a state of lockdown and relocation becoming an impossibility in these COVID-19 times, tenants, co-living and student housing firms are all in negotiation mode with landlords, trying to arrive at a consensus on extending existing rental agreements until the time the pandemic ends. Recently, the […]
New Leasing Of Office Retail Space May Face A Slump Temporarily Due To The Lock Down
New Delhi: India’s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and retail spaces, besides pressure on rentals values. Corporates and […]
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 […]