Stating that the COVID-19 outbreak is ‘unprecedented’, housing and urban affairs secretary Durga Shanker Mishra has said that the government will soon bring out guidelines and regulatory measures to help the real estate sector in dealing with the crisis even as the real estate developers’ body NAREDCO has sought a $200-300 billion […]
NCR Realty Developers Plea: Please Set Aside Penalty Orders
Several developers in the National Capital Region have requested the Real Estate Regulatory Authority (RERA) of UP, Haryana and Delhi to delay recovery notices issued to builders by at least six months, in light of the Covid-19 crisis that has crippled the sector. These builders were ordered before the clamping […]
Affordable Housing Growth To Be Affected Big Time By COVOD – 19. More Than 6.1 lakh units Affected Across Top 7 Cities
Affordable housing segment is likely to be one of the worst affected owing to the COVID-19 pandemic as concerns over the target audience’s limited income and unemployment continues to rise. The segment was leading the sales traction in residential real estate for the more than a year. Around 6.1 lakh […]
Realty Readies For The Worst In The Times Of Cash Flow Pressures
The three-week lockdown to contain the covid-19 pandemic has deeply impacted India’s real estate sector, which was already reeling from a liquidity crunch and weak residential sales. The impact on discretionary spending may disrupt the retail mall business for a long time, while a sharp drop in home sales will […]
Is It The Time When India’s Real Estate Price’s Will Finally Face A Reality Check?
A reality check on real estate prices in India often comes through a process known as ‘time correction’, rather than a drop in absolute prices. Time correction refers to a situation where real estate prices remain stagnant for some years, while inflation and incomes rise, thereby resulting in improved affordability. The unprecedented […]