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 […]
Real Estate Sector Can Be Bailed Out Without Government Aid
Zooming through various webinars on the revival of real estate one would have observed that prominent suggestions were goods and services tax (GST) input credit, a reduction in GST rates, a cut in municipal charges, limited-period zero stamp duty, etc for reviving the sector. There is no doubt that most […]
Can Work From Home Work For Commercial Real Estate Demand?
Work dynamics have changed. Many people are grappling with both work from home and work for home. Commercial complexes are empty. Corporate occupiers would definitely rethink their office space requirement and use a mix of physical and virtual offices which may lead to reduction in space requirements of occupiers post […]
Mumbai’s Pandemic Home Buyers are Young, Opportunist And Ready To Move
Stressed economic circumstances notwithstanding, several prospective homebuyers in Mumbai have bought their first-ever homes — while contending with a nationwide lockdown. Believe it or not, a handful of developers have also done decent business at a time when selling homes was touted as next to impossible. Lodha Developers has now […]
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 […]
Commercial Real Estate Industry After Corona Will Be A Type Of Vaccine
A couple of years back when the government setup the Smart City Mission, the word “Social Distancing” was never heard and no pandemic of such scale ever considered. The current pandemic and the specific hotspots clearly indicate that it is imperative to do a major urban city extension programme to […]