Around 78,000 ready-to-move-in housing units, valued at 65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants. It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked ready-to-move-in properties can leverage the COVID-19 period to their […]
COVID-19 Crisis: Virtual Project Leading Real Estate Business In The Midst Of Lull Celebrations
The current COVID 19 pandemic has affected every sector across India, and real estate is no exception. Due to the lockdown situation, festivals like Gudi Padwa/Ugadi, Chaitra Navratri and Akshaya Tritiya, which are generally considered auspicious to invest into real estate, have witnessed a gloomy mood amongst buyers this time […]
Corona Virus Lock Down: Lessons That Indian Real Estate Sector Can Learn From China
As China emerges from the coronavirus lockdown, there is increased demand for home offices and commercial buildings that focus on health and safety. The Indian real estate market is expected to mirror these trends going forward, a real estate expert has said. “As activity returns, we anticipate the residential sector […]
The Value Of Owning A House In The Aftermath of COVID-19
Opportunities don’t come knocking on your door very often. However, when they do, you’ve got to be ready to optimise it to the fullest. The aftermath of the Covid-19 pandemic situation has established the fact that owning an apartment is way better than dealing with the uncertainties of living in […]
RBI Offers Space To NBFCs To Cling To Realty Hopes
The Reserve Bank of India (RBI) has let non-banking financial companies (NBFCs) extend by a year the date for starting operations for loans to real estate projects delayed for reasons beyond the control of promoters. This won’t be treated as restructuring. Mint takes a look. Where did NBFCs get the […]