Affordable housing will be the most affected due to countrywide lockdown imposed to arrest the spread of COVID-19, a cross-section of industry experts said on Thursday. Khushru Jijina, managing director of Piramal Capital and Housing Finance, said blue-collar workers will be the most impacted section. “Only if all of us […]
The Outbreak Of Corona Virus Has Led To The Disappearing Of Migrants That Has Affected Affordable Housing Big Time
Among the many sectors hit with the COVID-19 health crisis, affordable housing too will see a major dip in 2020. Around 6.1 lakh affordable units (priced below R40 lakh) were under construction across seven cities until the lockdown was announced, a real estate report mentioned. This is over 39 per […]
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 […]
Uttar Pradesh RERA Gives Extension Of 3 Months To The Under Construction Projects
Agreeing to the request of the Confederation of Real Estate Developers Association of India (Credai) and National Real Estate Development Council (NAREDCO), Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has extended completion deadlines for under-construction projects registered in the state by three months. “The authority appreciated that there has […]
A report Suggests That Luxury Home Sales Has Hit A Wall As Builders Could only Sell 45% Of 13000 Units Launched In The Last 3 Years
Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data. Housing brokerage firm PropTiger, which […]