Among the many sectors hit with the COVID-19 health crisis, affordable housing too will see a major dip in 2020. Around 6.1 lakh affordable units (priced below R40 lakh) were under construction across seven cities until the lockdown was announced, a real estate report mentioned. This is over 39 per […]
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 […]
Deepak Parekh Opines That Real Estate Prices May Face A Down Fall Of Up To 20% Post Covid 19
Deepak Parekh, Chairman of mortgage lender Housing Development Finance Corporation (HDFC), on Tuesday said the real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown. “Prices of real estate have to come down, and will come […]
Real Estate Sector Continues to Receive Setbacks With Moderate Home Prices
The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said. With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said. While […]
Affordable Housing Growth To Be Affected Big Time By COVOD – 19. More Than 6.1 lakh units Affected Across Top 7 Cities
Affordable housing segment is likely to be one of the worst affected owing to the COVID-19 pandemic as concerns over the target audience’s limited income and unemployment continues to rise. The segment was leading the sales traction in residential real estate for the more than a year. Around 6.1 lakh […]