Around 90 per cent of prospective homebuyers expect prices to fall due to adverse impact of COVID-19 outbreak, according to a survey by real estate classified platform 99acres.com. According to the survey, 40 per cent of the total prospective homebuyers, who were searching flats for purchase before lockdown, have postponed […]
UP RERA To Start Grading Realty Projects And Developers Soon
Homebuyers who are planning to buy a house in Uttar Pradesh will soon be able to factor in grades of developers and projects before choosing one. Uttar Pradesh Real Estate Regulatory Authority (UP Rera) will soon start grading projects and developers based on various parameters such as financial quality, organizational […]
Experts Opine That Affordable housing Will Be Worst Affected By COVID-19 Lock down That Has Led To The Suspension Of Work. Moreover, Cut Down Of The Property Rate Will Not Let The Demands Soar
Affordable housing will be the most affected due to countrywide lockdown imposed to arrest the spread of COVID-19, a cross-section of industry experts said on Thursday. Khushru Jijina, managing director of Piramal Capital and Housing Finance, said blue-collar workers will be the most impacted section. “Only if all of us […]
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 […]
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 […]