Realtors body NAREDCO to set up supply chain emergency sourcing platform
The platform will also work towards improving the supply chain and speeding up construction work.
Realty developers await debt restructuring, liquidity measures
Following the government's decision to provide 6-month extension for realty pr...
Government will extend all necessary support to real estate industry: G Kishan Reddy
A day after Prime Minister Narendra Modi announced the e...
Partial relief to real estate as govt allows construction resumption from April 20
The move is expected to offer some relief to stalled construction activities in areas that have so far not witnessed major outbreak of Coronavirus. This will also help in engaging and holding the migrant workers back at the project sites and avoid any strain further on human-economic crisis caused by the Covid-19.
Covid19 Impact: Indian real estate’s estimated loss over Rs 1 lakh crore so far
“If you can overcome the crisis today, you may be able to stand up tomorrow,” he said while suggesting that an economic stimulus package for all industries across the economy should be at least 10% of the country’s GDP.
Expect construction work to resume in next 7-10 days: Niranjan Hiranandani
We expect to get the green signal from the govt soon, says founder & MD of Hiranandani Group.
Real estate to take a dip this festive season
The Covid-19 pandemic and concerns over the global economy are likely to curtail a number of residential project launches during the upcoming festive season of Gudi Padwa, Ugadi and Akshaya Tritiya, which usually sees several new projects.
Once it starts, real estate will take 1-3 months to get back to action: Niranjan Hiranandani
Real estate supports 260 industries and can have a multiplier effect if its gets a boost, says MD, Hiranandani Group
FM's measures give new wings to India and de-monopolise core sectors: Assocham
Opening up of key sectors like space and atomic energy for private players, the government is displaying its seriousness to the commitment in placing India on the world map in these sectors. Core sectors like coal and mining of minerals and aviation has been given an overhauling for effectiveness.
The second dose of stimulus from FM will benefit the underprivileged sections: Assocham
“Some measures like the extension of interest subvention for existing loans to small farmers till May 31, 2020, and sanctioning of 22 lakh new Kisan Credit Cards will ease the liquidity crisis that the marginalized farmers and rural economy is struggling with,” said Dr. Hiranandani.
Residential realty sees early signs of green shoots
The highest supply in the affordable housing segment during the quarter was in Pune, followed by MMR and NCR, where the segment accounted for 75%, 49% and 82% of the total new supply, respectively.
New Unitech board starts hunt for resolution planner
The newly constituted board of debt-laden property developer Unitech is looking for an agency to prepare a resolution plan, the modalities of which were discussed at the board’s first meeting on Tuesday.
Relief to under-construction projects: Mumbai, Pune not likely to benefit as both designated Covid-19 hotspots
Mumbai Metropolitan Region (MMR) and Pune have both been declared as coronavirus hotspots. The maximum construction projects are also in these regions.
The ways in which the virus may have changed India's property markets forever
For millions of Indians, the relationship with real estate has been reset by Covid-19 and the ensuing uncertainty. Companies, individual tenants, property owners, homeowners, builders and buyers are all struggling to make sense of the disruption and trying to assess where on the financial matrix they will end up when the virus eases up a bit.
Announcements made by FM will help businesses tide over COVID-19 impact: Industry
Deloitte India Partner M S Mani said the extension of GST return filing timelines together with the deferment of e-invoicing and new returns announced earlier would allow businesses to focus on resumption of business processes once normalcy resumes in future.
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