On May 13, Finance Minister Nirmala Sitharaman said that the deadline for the completion of real estate projects would be extended by up to six months in the face of the COVID-19 and that it should be treated as a ‘Force Majeure’ event under the Real Estate Regulatory Act (RERA) […]
Virtual Tours Are Inconclusive For Purchasing A House
Real estate is among the worst-hit sectors due to lockdown, with both construction and sales of property coming to a complete halt. While the government has allowed commencing of construction work in some non-containment zones, the real challenge for developers and consultants is to motivate homebuyers to buy property in such uncertain […]
Real Estate Pins Its Hope On Economic Package, Eyes On Meaningful Stimulus For Relief From Corona Virus
Representatives of the real estate sector have said Prime Minister Narendra Modi’s announcement of a Rs 20 lakh crore special economic package, equivalent to about 10 percent of India’s GDP and focusing on land, labour, liquidity and laws, is ‘much required’ and hoped that the details to be announced by […]
Will After The COVID-19 Crisis The Commercial Real Estate Will Jump Back To Normalcy
The COVID-19 pandemic continues to spread rapidly, jolting global economic growth. In the absence of an established treatment, social distancing has emerged as the only choice to contain the corona spread. This has prompted a global lockdown, which in turn stoked apprehensions of imminent economic crisis across the world, including […]