Escrow-based payments have been around for years and are not new. However, they have mostly been restricted to large transactions, like mergers and acquisitions, cross-border deals, etc. Industry experts say, with new technology and the rise of the internet-based economy, this instrument is used by stakeholders from several sectors to […]
How Are Landlords And Tenants Dealing With The Menace Of Corona Virus?
With the entire country in a state of lockdown and relocation becoming an impossibility in these COVID-19 times, tenants, co-living and student housing firms are all in negotiation mode with landlords, trying to arrive at a consensus on extending existing rental agreements until the time the pandemic ends. Recently, the […]
New Leasing Of Office Retail Space May Face A Slump Temporarily Due To The Lock Down
New Delhi: India’s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and retail spaces, besides pressure on rentals values. Corporates and […]
Housing Sales Between January And March Slide To 42% Year – On – Year Till Now Due To Corona Effect
The novel coronavirus (Covid-19) outbreak has further aggravated the stress in the beleaguered real estate sector, with apartment sales declining 42% year-on-year and 24% on a quarterly basis so far in the January-March 2020 quarter. Sales are largely concentrated in big cities like Delhi, Mumbai, Bengaluru and Pune. According to […]
ICRA Opines That Corona Virus Lock Down Will Come Down Hard On NBFCs
The 21-day lockdown across the country is set to hit non-banking financial companies (NBFCs) hard as small business owners and low-income households find it hard to service their loans. NBFC loans in the affordable housing, small and medium enterprises (SMEs), loan against property (LAP), real estate and microfinance (MFI) segments […]