The Uttar Pradesh industry minister Satish Mahana has assured developers that the state government will address the crisis in the real estate sector in Noida, Greater Noida and Yamuna Expressway areas due to the nationwide lockdown in the wake of the Covid-19 pandemic. Mahana interacted with developers through video-conferencing to […]
How Will Real Estate Sector Shape Up In The Post COVID-19 World?
As most companies and organizations have proceeded to implement policies of zero contact meetings and no visitors, the real estate market is gazing at the future with uncertainty, however, accompanied by optimism. It is difficult to think of a business that has not been impacted by the covid-19 pandemic, but for the […]
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 […]
Reports Suggest That 78000 Ready To Move Homes are Unsold Across Prominent Cities
Around 78,000 ready-to-move-in housing units, valued at 65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants. It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked ready-to-move-in properties can leverage the COVID-19 period to their […]
UP RERA To Start Grading Realty Projects And Developers Soon
Homebuyers who are planning to buy a house in Uttar Pradesh will soon be able to factor in grades of developers and projects before choosing one. Uttar Pradesh Real Estate Regulatory Authority (UP Rera) will soon start grading projects and developers based on various parameters such as financial quality, organizational […]