As I write this, the novel Coronavirus has infected lakhs of people with the death toll of over 1.30 lakh. As the CEO and Co-founder of a real estate investment platform, I often get asked the question ‘How does this affect real estate investing?’ As most of the world goes […]
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 […]
Uttar Pradesh RERA Gives Extension Of 3 Months To The Under Construction Projects
Agreeing to the request of the Confederation of Real Estate Developers Association of India (Credai) and National Real Estate Development Council (NAREDCO), Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has extended completion deadlines for under-construction projects registered in the state by three months. “The authority appreciated that there has […]
A report Suggests That Luxury Home Sales Has Hit A Wall As Builders Could only Sell 45% Of 13000 Units Launched In The Last 3 Years
Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data. Housing brokerage firm PropTiger, which […]
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 […]
A Difficult Procedure
The affordable category has been the saviour of the housing sector, which is experiencing its worst phase in the past five years. One major hurdle faced by lower middle class and EWS citizens is the cumbersome procedure in getting construction plan approved by local authorities. Since it is mandatory to […]