The new economic corridor between Delhi and Dehradun was announced by the Union Minister of Road Transport and Highways Nitin Gadkari in February. The 210-kilometer, six-lane express highway project, which is expected to be awarded by August 2021, will be completed by 2023. The Delhi-Dehradun Expressway will reduce travel time […]
Corona Virus Lock Down: Things You Should Know If You Have Purchased A House Under Subvention Scheme
What will happen to subvention schemes in COVID times? Will developers currently strapped for liquidity be able to service their commitment? Real estate experts caution that several builders may find it tough and may even default on their interest payment commitments with sales and cashflows drying up due to the […]
Survey Points Out That Potential Homebuyers Expect Correction in Property Prices after lockdown
Around 90 per cent of prospective homebuyers expect prices to fall due to adverse impact of COVID-19 outbreak, according to a survey by real estate classified platform 99acres.com. According to the survey, 40 per cent of the total prospective homebuyers, who were searching flats for purchase before lockdown, have postponed […]
Coronavirus Lockdown 2.0 Guidelines Is All About Conditions That Are Important For Restarting Construction Activity
Offering some relief to the construction sector, the government on April 15 relaxed guidelines for lockdown 2.0 permitting some construction activity in the non-COVID-19 hotspots starting April 20. However, this is only provided strict social distancing guidelines are followed and construction workers are locally available on the site. Real estate […]
Dream House Is Not For You If You Cannot Afford It
For many years now India’s real estate has been under what is called a ‘time correction’. It’s been something like a decade. Time correction is a slightly fancy (actually, misleading) way of saying that prices are stagnant. At some point, this stagnation will end and real estate prices will head […]
Affordable Housing Logistics To Get A Spur From Sovereign Funds
The country’s affordable housing and logistics sectors could be potential investment targets for sovereign wealth funds (SWFs), on the back of tax exemptions announced in the Union Budget 2020 early this month. The Budget granted 100% tax exemption on interest, dividend and capital gains income to SWFs investing in infrastructure. […]