India’s real estate sector –both the residential as well as the commercial segment – has been impacted by the Covid-19 pandemic. The industry will need to reconsider pre-crisis priorities and accelerate new strategic initiatives to adapt to a “next normal”, according to a report by global realty firm JLL. “Real […]
The Difference Between Circle Rate And Average Market Price Shrinks In Tier One Cities
The average market prices quoted by developers across major Indian cities are 6 percent to 75 percent higher than the government-prescribed circle rates, the value at which stamp duties are paid and properties are registered, said real estate consultant Anarock. The report comes in the background of heavy speculation that the […]
Work From Home During Lockdown Will Affect Real Estate, Housing Choices
The COVID-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities. With work-from-home a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better lifestyle – at more affordable prices, say reports. […]
COVID-19 Effect: Govt. Asks States, UTs to Enhance Approvals Related To Real Estate Projects By Nine Months
In view of the disruptions caused by the coronavirus pandemic, the government has issued an advisory to all states and union territories to extend the timelines of various time-bound permissions, No Objection Certificates (NoCs) and approvals related to real estate construction projects by nine months automatically. “…states may issue necessary […]
Manoj Gaur Opines That Demand For Real Estate Will Shoot Up After COVID-19
The Coronavirus crisis has not only altered the way we live, think, work or even socialize with others around us, but has also impacted almost every industry around the world, including real estate. However, along with its negative impact, the pandemic has opened a new era of selling real estate […]
Center’s Relief Package Is Warmly Received by the Realtors with the Hope That It Will Breathe Life into the Sector
Real estate developers in Gautam Budh Nagar have welcomed the Centre’s relief package to revive economy amid the Covid-19 crisis and said that it will impact the realty sector positively. One of the decisions that will benefit in the long term is that now corporate insolvency and bankruptcy proceedings will […]