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Land-grab during lockdown too, FAR violations also didn’t stop

Land-grab during lockdown too, FAR violations also didn’t stop

With the authorities busy battling Covid-19 during lockdown, some people in the city took advantage of the government’s decision to allow small and in-situ construction from May. They not only grabbed government land but also began building unauthorised structures in licensed colonies and sectors. A month on, two government wings — the department of town […]

What slowdown? These realtors registered bumper sales during COVID-19 lockdown

What slowdown? These realtors registered bumper sales during COVID-19 lockdown

Despite all economic activities came to a standstill, several real estate developers have registered good sales figures during the COVID-19 lockdown, thanks to the strong digital presence. Various measures such as online bookings, online payments, easy down payment schemes, and lowest ever home loan interest rates in the last decade helped the sector to sail […]

Real estate may bounce back sooner than expected post Covid-19

Real estate may bounce back sooner than expected post Covid-19

Real estate is one of the victims of Covid-19, but it has been among the least-impacted sectors by its ill-effects. COVID-19 has sent everyone in real estate to the drawing board. Marketing teams, sales teams, construction staff, etc, have been busy coming out with solutions that can help the sector minimize the impact. The talk […]

Chris Wood says Indian economy picking up, Unlock 0.1 big positive

Chris Wood says Indian economy picking up, Unlock 0.1 big positive

Wood said there is no evidence in India, as yet, of the virus curve flattening. Christopher Wood, global head of equity strategy at Jefferies, says high-frequency data is already showing a pickup in activity in Indian economy and easing of lockdown is a clear positive, ETNOW reported. The comment came after Wood’s increased Jefferies’ weightage […]

PNB Housing Finance takes over Vipul Ltd Project after default

PNB Housing Finance takes over Vipul Ltd Project after default

PNB Housing Finance Limited said it has taken possession of about 19 acres of land and 138 unsold units of a Gurgaon-based project owned by Vipul Ltd following a default by the developer on a Rs 377 crore loan. “The borrower failed to repay the amount, and we have taken constructive possession of the property […]

Realtors bet on Big Apartments to Make Space for Home-Office

Realtors bet on Big Apartments to Make Space for Home-Office

With social distancing and work from home (WFH) becoming a norm in many cities, property developers plan to launch larger apartments where extra rooms can be used as a home-office. Godrej Properties, Shapoorji Pallonji and others are either planning or evaluating to launch larger apartments.Godrej Properties, part of Godrej Group, is “evaluating this opportunity carefully”, […]

With attractive deals, real estate becomes buyers’ market amid Covid-19

With attractive deals, real estate becomes buyers’ market amid Covid-19

Just before the lockdown began, Ritesh Chandra managed to sell his ancestral house in Uttar Pradesh. To avoid paying capital gains tax, this Delhi-based financial professional plans to reinvest the proceeds in another property in the National Capital Region (NCR), Lucknow or Jaipur. He has searched online and prepared a list of prospective sellers. “I […]


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