Builders Reduce Prices, Offer Seductive Deals To Push Sales

On June 15, 2020June 15, 2020 By smc

In a sluggish market, property players are dropping prices and sweetening deals in the hope of pushing sales to prospective homebuyers. Developers are hoping demand could pick up in the suburbs and peripheral areas as more people opt to work from home. Even the biggest brands are making off-season offers […]

Wealth Accumulation in Real Estate is More Consistent Than Other Asset Classes: Hiranandani

On June 11, 2020June 11, 2020 By smc

Covid-19 has ensured that paradigms are set to change in the real estate sector with the industry evolving in new ways, according to Niranjan Hiranandani, Co-Founder of realty major Hiranandani Group. The executive says the fundamental assumptions of CEOs and executive teams about markets, customers, supply chains, the workplace, technology […]

Work From Home During Lockdown Will Affect Real Estate, Housing Choices

On June 9, 2020June 9, 2020 By smc

The COVID-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities. With work-from-home a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better lifestyle – at more affordable prices, say reports. […]

Real Estate In India After COVID-19: Developers Oppose Price Cut In Spite of Pressure

On June 5, 2020June 5, 2020 By smc

“Reducing real estate prices is a theoretical proposition as the I-T department will penalise you”, says Niranjan Hiranandani, President, ASSOCHAM & Co-Founder & Managing Director, Hiranandani Group. In a discussion with Tamanna Inamdar on India Development Debate, Hiranandani agreed developers should reduce their prices especially if they have borrowed money. […]

Unlock 1.0: The reasons That Make Homebuyers Wait And Watch

On June 1, 2020June 1, 2020 By smc

The real estate sector, which was already going through a slowdown over the past few years with poor sales and high levels of inventory, is unlikely to see much action, as we head towards the opening up of the lockdown in a phased manner. The sentiment has further soured on […]

COVID-19 Effect: Govt. Asks States, UTs to Enhance Approvals Related To Real Estate Projects By Nine Months

On May 29, 2020May 29, 2020 By smc

In view of the disruptions caused by the coronavirus pandemic, the government has issued an advisory to all states and union territories to extend the timelines of various time-bound permissions, No Objection Certificates (NoCs) and approvals related to real estate construction projects by nine months automatically. “…states may issue necessary […]