According to the survey, 40% of the total prospective homebuyers, who were searching flats for purchase before lockdown, have postponed their plan while 60% are still keen to buy within the next 12 months.
Coronavirus Outbreak: PE investment in real estate falls 89% to $222 mn in January-March quarter: Report
Private equity (PE) investment in Indian real estate plunged 89 percent to $222 million (Rs 1,640 crore) during the January-March period this year on global economic slowdown caused by the coronavirus outbreak, according to a report by Colliers International
Motilal Oswal Real Estate (MORE) has raised Rs 1,150 crore for its fourth realty fund from HNIs to invest in housing and commercial projects across six major cities, and has committed of around Rs 550 crore in nine projects from this fund, a senior company official said
The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19
The RBI on Friday allowed non-bank financial companies to extend the date for commencement of commercial operations (DCCO) for loans given to commercial real estate by additional one year without considering it as restructuring
Affordable housing to be worst hit as COVID-19 lockdown halts works; property rate cut unlikely to spur demand: Experts
Sanjay Dutt, managing director and chief executive officer of Tata Realty and Infrastructure, said developers have been absorbing rising labour costs, interest costs and raw material costs.
Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says
The real estate industry sentiment plunged to an all-time low during January-March as stakeholders turned pessimistic, foreseeing an adverse impact of the Covid-19 pandemic on demand-supply and liquidity in the market, a survey showed
Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue
The real estate industry on Wednesday said the government''s decision to allow construction on those projects where labourers are already available on sites will solve the problem of migrant daily wage workers but said availability of raw materials may be an issue
HDFC Chairman Deepak Parekh on Tuesday said he sees 20 percent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position
Coronavirus Outbreak: Realty sector welcomes lockdown extension, seeks relief package to cushion liquidity crisis
The real estate industry on Tuesday welcomed the decision to extend the lockdown period till 3 May, but said the government should allow limited construction activities with proper safety and also provide a relief package to ease the liquidity crisis faced by builders
Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts
HDFC Chairman Deepak Parekh on Tuesday pushed for a one-time restructuring of stressed real estate accounts and relaxation in the classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions
Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.
Coronavirus outbreak will push a vast section deeper into poverty and hunger; governments must take these steps to ease suffering
Despite the lockdown, state governments or the Union government should make special provisions to ensure that unemployed workers return home, either to be rid of the burden of paying extra for a roof, or to escape shelters and camps where an outbreak of COVID-19 could spread calamitously.
Housing sales fell 29 percent during January-March period across seven major cities to 27,451 units while the value of unsold inventories swelled to Rs 3.65 lakh crore as buyers postponed their buying decisions amid COVID-19 outbreak, according to JLL
Do we need architects after the coronavirus outbreak? A comic strip about post-pandemic urban planning
While medical teams were battling the novel coronavirus day in and out; economies crashed and markets suffered, some of the evil minds from the real estate industry were rejoicing. Read Leewardists' latest comic panel, on Firstpost.
India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders
Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure
The RBI cut repo rate to 4.4 per cent and reduced the cash reserve ratio maintained by the bank by 100 basis points. The reverse repo rate was cut by 90 bps to 4 per cent.
Coronavirus Outbreak: RBI firefights COVID-19 impact on economy, seeks to improve flow of credit but threat of rising NPAs real
While the broader goal of inflation management will run the background, the attempt here is to ensure that the slowdown in growth process which is a certainty now is contained.
Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.