In our previous article ‘NRI investments in India–key considerations’, we had discussed the regulatory and tax implications with respect to investments in equity shares and mutual funds in India. In this article, we have focused on the real estate sector which is another popular investment avenue for non-resident Indians (NRIs). […]
RBI To Allow One-Time Loan Recast In Construction, Real Estate, Tourism And Aviation
With banks pushing for a one-time restructuring of loans, the Reserve Bank of India (RBI) may provide this leeway for select stressed sectors. Sectors such as tourism, hospitality and real estate have been seeking this relief to tide over the business slump resulting from effects of COVID-19 pandemic induced economic downturn. A senior […]
COVID-19 Pandemic Presents An Opportunity For India’s Realty Sector
The nationwide lockdown has ebbed, and things are crawling back to normal, albeit after reducing real estate sales by over 80%, if compared to the same period last fiscal year. While businesses across sectors are rebooting themselves after a three-month standstill, a pall of gloom still hangs over the business […]
JLL Survey Suggests That 91% Respondents Favour Purchasing Property Over Renting In Spite Of COVID-19 Challenges
Economic uncertainty and rising stock market volatility is positioning real estate as the preferred asset class for investments in India with over 91 percent preferring to buy an apartment over renting in the next six months, says JLL, a real estate consultancy firm. According to JLL’s Homebuyer Preference Survey, 91 percent respondents […]
Firms Find Flexible Working Spaces A Perfect Way To Control Searing Costs
As covid-19 has forced companies and employees to shift to remote working and with a sharp fall in revenues, firms are preferring to take up flexible co-working spaces rather than renting large offices to cut costs. “As occupiers strive to be agile in these unprecedented times, they prefer to adopt […]