The current nationwide lockdown imposed in view of the Covid-19 crisis has adversely impacted the real estate sector, including proptech companies. Sales have been badly impacted in the past one month. As regards to queries, with most of the people remaining confined to their homes, they are searching online, which […]
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 […]
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 […]
High Inventory Of Affordable Homes Anarock’s Blame Real Estate Developers: Anuj Puri
Poor quality and lack of infrastructure deterred buyers of affordable homes, which contribute the most to the unsold inventory, according to Anarock Property Consultants Pvt. Ltd. “Most of the unsold supply is at the periphery of the cities, built assuming people will move in despite absence of any social or […]