The COVID-19-induced crisis has undoubtedly impacted our day-to-day lives, and that may well be the understatement of 2020. The Coronavirus outbreak has not only derailed the global economy, but has also disrupted our habitual way of conducting business amidst the nationwide lockdown. As most of the population around the world […]
Digital Sales In Realty Set To Get Big Push From The Government
The Minister of Housing and Urban Affairs Hardeep Singh Puri on Friday told a group of developers at a webinar that the government will look at issuing a digital signature protocol to facilitate digital sales of properties. Renu Sud Karnad, managing director, HDFC, made the suggestion to Puri that the […]
Recast Benefit On Commercial Real Estate Loans To NBFCs Extended By RBI
The Reserve Bank of India (RBI) on Friday extended the benefit of restructuring some commercial real estate loans (CRE) to non-bank lenders. As a result of the regulatory move, NBFCs will now be able to restructure loans to real estate projects where the date of commencement of commercial operations (DCCO) […]
RBIs Decision Of Listing Of Steps That Will Help Liquidity Could Not Have Come At A More Opportune Time For Property Developers
Non-banking finance companies (NBFC), banks and housing finance companies (HFC) will get help after the Reserve Bank of India (RBI) announced on Friday a second round of measures to help liquidity as the country battles the coronavirus, said real estate firms and consultants. The central bank, besides cutting the reverse repo rate, […]
COVID-19 Has Led To The Office Space Leasing In Q1 Going Down As Companies Put Their Decisions On Hold
Leasing of commercial real estate has started witnessing pressure as transactions in advanced stages are being pushed to the backburner given that corporates are focussing on Business Continuity Planning measures and put many real estate decisions on hold. For the quarter ended March, office space absorption across top 8 property […]