As we approach the halfway mark of 2020, the dark cloud of COVID-19 looms over businesses across the country. This persistent outbreak’s most notable victim is the commercial real estate sector, which has not only suffocated cash flow impacting the ability of businesses to pay rents but also severely hindered […]
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. […]
The realty’s reality, As It Stands Today
Since the deadly COVID 19 pandemic, everyone in the real estate industry is talking about a big price fall, but is this really possible? Let us assess the facts on the ground in Mumbai, especially for the co-operative housing society redevelopment projects. During 2008 to 2014, the real estate market […]
A Report Suggests That NRIs Show Keen Interest In Domestic Real Estate As Many Return Home Amidst COVID-19 Pandemic
Real estate companies are seeing an increase in the number of queries for purchases from non-resident Indians (NRIs), especially from those based in the Middle-East. The increase in queries may be linked to NRIs wanting to return to India amid rising coronavirus cases in the Gulf Cooperation Council (GCC) region […]
“Sell Homes At Realistic Prices” Piyush Goel
Union minister of commerce and industry Piyush Goyal came down heavily on real estate developers on Wednesday, telling them that many continue to hold on to high-priced inventory despite several reminders. Goyal said builders have no choice but to construct and sell projects at reduced and realistic prices, without waiting for […]