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) […]
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 […]
Can Developers Help Homebuyers By Grading Real Estate Projects
Uttar Pradesh Real Estate Regulatory Authority (UP Rera) is expected to start grading projects and developers based on parameters such as financial quality, organizational structure and certifications, track record, compliance adherence and customer feedback. Crisil Ltd has been appointed as a consultant for setting up a system and assigning the […]
With Heavy Losses in the Offing, Realty Sector Urges for Tax Wavers & Payment Deferment For A Year
The global coronavirus disease (Covid-19) pandemic that has entailed a nationwide lockdown since March 25 to control its spread has brought sales to a halt in the realty sector, stopped all business activity and suspended constructions for the last 46 days. The unprecedented crisis has prompted developers to seek a […]