Of late, owning a house has been projected as something that’s ‘out of fashion’, especially for the millennial population of the country. However, the coronavirus outbreak in the country has highlighted the advantage of having your own house as compared to availing a rented accommodation. Scores of individuals are battling concerns about their ability to […]
The Haryana government announced on Friday that registration of properties would resume in every district from April 20. Officials said the number of registrations would, however, be halved to 30 a day. “We are going to resume registration of properties from April 20. We will make sure social distancing is followed at revenue department’s office […]
Real estate developers with projects under construction in non-containment zones can resume building activities, with workers available on the site, after 20 April. On Tuesday, Prime Minister Narendra Modi extended the country-wide lockdown till 3 May to tackle the spread of covid-19. Following which, on Wednesday, the Union home ministry issued guidelines to be followed […]
The RBI announced several measures to facilitate bank credit flows In a major move to boost liquidity in the market, the RBI announced several additional measures to accelerate the economy and facilitate bank credit flows even as the Centre has extended the nationwide lockdown to stop the spread of coronavirus. Among the various measures announced, […]
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. NAREDCO President Niranjan Hiranandani said, “The government has issued an order which allows […]
CREDAI chairman Jaxay Shah that the realty sector remains the second largest employer after agriculture and halt in construction activities will have a long-term impact on the realty sector. 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 […]
The real estate industry on Tuesday welcomed the decision to extend the lockdown period till May 3, 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. “We support the prime minister’s announcement on extension of the lockdown. We […]
The fear of coronavirus falls on the stock market but investment pros advocate calm during the storm. The World Health Organization (WHO) declaration of the coronavirus outbreak as a pandemic opened a Pandora’s Box for the global economy. As panic gripped world markets, the BSE SENSEX crashed to an all-time low this week, even as […]
Developers such as DLF, Omaxe and Raheja having land banks in Haryana are planning to go for plotted developments and sell independent floors this year rather than building high-rises. Last year, Haryana had notified a rule under which up to four floors can be constructed on a plot and sold individually, making Gurgaon on the […]
India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India’s GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic. India’s growth at just 2.1 per cent may be a huge downgrade but given the projected […]