As evidenced by ANAROCK’s recent COVID-19 edition of its consumer sentiment survey, homebuying sentiment is on a distinct rise. The world we live in has suddenly been sharply redefined. In times of unprecedented job insecurity, rent is a burdening expense, property ownership is a vastly more attractive investment rationale than […]
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, […]
Real Estate Projects Crawl Back To Action
Though the government has allowed the resumption of construction activities at non-Covid hotspots of the district, developers say nothing has actually moved on the ground as only about 30 projects have managed to commence work and that too with a thin labour force. In the 250 real estate projects in […]
COVID – 19 Effect – Second Half Of 2020 Might Witness The Stabilising Of Residential Market
Globally, no industry has remained unscathed from the onslaught of the COVID-19 outbreak. India is no exception, considering that the country was placed in what will be known in history as the world’s largest lockdown. However, as with every serious situation, there is light at the end of the tunnel. […]
Lockdown 3.0: Noida, Greater Noida Witness The Resumption Of Real Estate Construction
Real Estate projects in Noida, Greater Noida and Yamuna Expressway on Monday resumed construction activities with limited available manpower. The construction work resumed after district authorities gave approval for the same according to the guidelines for coronavirus lockdown 3.0. The central and state governments on Sunday issued fresh guidelines permitting […]