The COVID-19-induced crisis has undoubtedly impacted our day-to-day lives, and that may well be the understatement of 2020. The Coronavirus outbreak has not only derailed the global economy, but has also disrupted our habitual way of conducting business amidst the nationwide lockdown. As most of the population around the world […]
Recast Benefit On Commercial Real Estate Loans To NBFCs Extended By RBI
The Reserve Bank of India (RBI) on Friday extended the benefit of restructuring some commercial real estate loans (CRE) to non-bank lenders. As a result of the regulatory move, NBFCs will now be able to restructure loans to real estate projects where the date of commencement of commercial operations (DCCO) […]
Experts Opine That Affordable housing Will Be Worst Affected By COVID-19 Lock down That Has Led To The Suspension Of Work. Moreover, Cut Down Of The Property Rate Will Not Let The Demands Soar
Affordable housing will be the most affected due to countrywide lockdown imposed to arrest the spread of COVID-19, a cross-section of industry experts said on Thursday. Khushru Jijina, managing director of Piramal Capital and Housing Finance, said blue-collar workers will be the most impacted section. “Only if all of us […]
The Outbreak Of Corona Virus Has Led To The Disappearing Of Migrants That Has Affected Affordable Housing Big Time
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 […]