The real estate sector has been struggling to come to terms with the impact of the adverse market conditions, not to mention the recent changes in legislation. And now, it is also facing the brunt of the lockdown caused by the coronavirus outbreak. Undoubtedly, the sudden outbreak of coronavirus, supplemented […]
Corona Virus Lock Down: Things You Should Know If You Have Purchased A House Under Subvention Scheme
What will happen to subvention schemes in COVID times? Will developers currently strapped for liquidity be able to service their commitment? Real estate experts caution that several builders may find it tough and may even default on their interest payment commitments with sales and cashflows drying up due to the […]
Gopal Sarda, Kolte Patil Developers Opines That affordable And Mid-Segment Housing Will Witness Traction Post COVID-19
Post the coronavirus pandemic, real estate developers should focus on a mix of affordable and mid income segment housing to ensure sustained cashflows, as these are the categories that would bounce back first, Gopal Sarda, Group CEO, Kolte-Patil Developers Ltd told Moneycontrol. The listed Pune-based realty firm has projects spread […]
Reports Suggest That 78000 Ready To Move Homes are Unsold Across Prominent Cities
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 […]