Real estate developers across India are sitting on an unsold inventory worth Rs 370,000 crore even as homebuyers defer their purchase decisions due to the evolving COVID-19 pandemic, which has led to sales declining by nearly 30 percent in Q1 2020 on a year-on-year (YoY) basis, a new report has […]
Realty Readies For The Worst In The Times Of Cash Flow Pressures
The three-week lockdown to contain the covid-19 pandemic has deeply impacted India’s real estate sector, which was already reeling from a liquidity crunch and weak residential sales. The impact on discretionary spending may disrupt the retail mall business for a long time, while a sharp drop in home sales will […]
Corona Virus Will Badly Affect Realty, Airlines and Auto Dealers
Real estate, airlines, auto dealers, gems & jewellery and steel are the sectors that are expected to be the worst hit and have the least resilience in the ongoing Covid-19 crisis. While telecom, fertilizer, FMCG, pharmaceuticals and food industry will see a low impact and have higher resilience according to […]
Corona Virus Might Lead to a Steep Fall in Property Prices in India
India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even […]
The Completion Deadlines of Real Estate Projects Have Been Postponed by 3 Months by MahaRERA Due To Corona Virus Effect
In view of the country-wide lockdown on account of the novel coronavirus, or COVID-19, pandemic, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to extend the validity period for registration of real estate projects, whose date of completion or for that matter extended completion date gets over on or after […]