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
“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. […]
Will It Be Wise To Invest in Property After Lockdown?
Due to the COVID-19 pandemic, an economic crisis engendering high volatility in the capital markets is leading to investors losing their hard-earned money, at least for the time being. Most of the sectors have been badly affected due to the COVID-19 economic crisis. According to analysts, property prices after have declined […]
COVID-19 Effect: Govt. Asks States, UTs to Enhance Approvals Related To Real Estate Projects By Nine Months
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 […]