Month: May 2020

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 […]

COVID-19 Effect: Commercial Real Estate Space Take-up May Reduce By 20-25%

For several companies, the work-from-home concept has proved to be an effective strategy. Top companies like Tata Consultancy Services (TCS) and Axis Bank have made plans to implement the policy across functions. So, is this going to be a model adopted by the majority of corporates going forward as they reassess their requirements for […]

A Survey Has Revealed That Though The Companies Find Work From Home Efficient, They Won’t Cut Off Office Space

Work from home’, which is now ubiquitously abbreviated as WFH, is a system that works. A Knight Frank survey of corporate real estate (CRE) leaders suggests that an overwhelming majority of them feel their employees’ productivity has either remained the same (35 percent) or, in fact, increased (28 percent). That […]