The real estate body Naredco has estimated that the sector would incur losses of Rs 1 lakh crore on account of COVID-19 and the subsequent lockdown and sought a $200-billion package from the government to kick-start the economy. It also demanded that the ban on construction sites be lifted 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 […]
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 […]
Real Estate Developers Brace To Keep Residents Protected During Lockdown
Leading real estate developers in the NCR have started disinfecting the society amid the COVID19 scare in high rises in Delhi, Noida and Gurgaon. While realty develops Supertech is offering the service to other societies as well, developers of senior housing are also doing it voluntarily to stop spread of […]