Property consultant Ibrahim Shaikh has seen a staggering fall in client interest over the last week. “Even a week ago the client footfall was more or less normal, but now the count has gone down to zero giving way to inquiries being made over calls,” he pointed out, adding hopefully, […]
MNC Tenants With Back-Office Realty To Be Least Affected By The Virus
Commercial real estate catering to back-office operations for multinationals is expected to be the least affected by the current economic crisis triggered by the coronavirus pandemic. This is because the tenants are financially strong multinationals, spending only a fraction of their expenses on rent even as they gain by the […]
May the Force (Majeure) Be Your Saviour Against COVID-19
The current outbreak of the novel Coronavirus (COVID-19), a virus that has wreaked havoc globally, is the most crucial time witnessed by the world lately, in global history. As the clock struck midnight on 25 March 2020, India was officially ordered to be on a ‘complete national lockdown’. Impact of […]
Corona Virus Will Actually Succeed In Giving A Body Blow To The Prices Of Mumbai Real Estate. Something Which No One Has Achieved Before
Ebrahim Mukadam purchased a 2BHK flat in an under-construction project called Godrej Central in Mumbai around five years ago. He bought the flat for Rs 2.05 crore. Today, as he looks to sell the ready apartment, the quoted price is roughly Rs 1.80-1.85 crore. The project itself has been shabbily […]