BUSINESS
Coronavirus impact | UP RERA extends real estate project timelines by six months
Last week, the Centre issued an advisory to regulatory authorities of all states and Union territories, directing them to treat COVID-19 pandemic as 'Force Majeure' or an act of God. It allowed extension of timeline to complete projects by six months
BUSINESS
Can RERA authorities direct homebuyers' associations to complete stalled real estate projects?
This model of homebuyers taking over stuck projects could become popular in post-COVID-19 world, said experts.
BUSINESS
Jewar airport: Land acquisition for warehousing likely to take off first, say experts
Other activities such as housing, commercial or hospitality may take time.
BUSINESS
Embassy Office Parks REIT distributes Rs 531.67 crore in Q4 to unitholders
Rent collections from office occupiers despite COVID remained strong at 92 percent for the month of April 2020, said CEO Michael Holland.
BUSINESS
Top garbage-free cities in India declared: Is your city on the list?
Karnal, New Delhi, Tirupati, Vijayawada, Chandigarh, Bhilai Nagar, Ahmedabad receive three-star garbage free rating
BUSINESS
MahaRERA, Gujarat RERA extend completion deadline for real estate projects by six months
Last week, the Centre issued an advisory asking real-estate regulators in states and union territories to extend by at least six months the deadline for completion of projects in the face of the coronavirus outbreak
BUSINESS
Explainer | FM’s ‘no fresh insolvency’ offer comforts builders, but what about homebuyers?
Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts
BUSINESS
COVID-19 has had a 'debilitating effect’ on the real estate sector: Hardeep Puri
To address the anxiety amongst home buyers and real estate developers, the government has issued advisory to states/UTs on extending RERA deadline for projects
BUSINESS
Coronavirus lockdown: Decision to resume Delhi Metro operations to be taken by govt, says DMRC
DMRC is working on protocols for social distancing and other safety norms.
BUSINESS
What RERA timeline extension means for homebuyers, real estate developers
While the measures announced by the Centre certainly provide relief to real estate builders, homebuyers say it does not offer any immediate help in the form of interest or rent waivers
BUSINESS
Govt’s decision to extend subsidy scheme up to March 2021 to boost affordable housing
The extension is expected to support first time middle-class homebuyers and stimulates housing demand and ancillary sectors.
BUSINESS
Centre issues advisory to states on extending RERA deadline for projects
Acting on the central advisory, Rajasthan Real Estate Regulatory Authority extends deadline for projects by a year.
BUSINESS
Coronavirus relief: Realty sector pins hopes on economic package, seeks 'meaningful stimulus'
The sector has demanded for one-time restructuring of developer loans; homebuyers want the government to consider granting tax relief for those who are paying both rent and EMI.
BUSINESS
Coronavirus impact: Demand for luxury homes may feel the heat; prices may correct by 15-20 percent
Leasing in luxury segment picks up; demand for larger areas and wellness spaces
BUSINESS
Only undivided share of property to attract stamp duty, registration charges; Tamil Nadu govt clarifies
The move comes in the wake of some sub-registrar offices demanding to register the built-up area along with the UDS of land, causing great hardship besides forcing homebuyers to incur huge expenses
BUSINESS
Coronavirus impact | How countries around the world are supporting real estate sectors
While some have decided to lower or remove property tax obligations, others have frozen the eviction of tenants by landlords. Korea has introduced a ‘nice landlord’ policy for retailers
BUSINESS
Extend force majeure benefit to homebuyers too: BJP MP and FPCE write to housing minister
The interest component of the home loan should be waived during the force majeure period and builders should bear the interest part until homebuyers receive possession, the letters said
BUSINESS
1,500 industries, 100 construction projects can resume work in Noida: CEO Ritu Maheshwari
So far, 1,800 applications to resume work have been rejected.
BUSINESS
Coronavirus lockdown | Mall owners say one-size-fits-all approach for rent waiver may not work
Mall owners argue the agreement with every tenant differs and therefore, needs individual assessment
BUSINESS
Coronavirus crisis | Construction work resumes in over 200 projects in Noida, Greater Noida, Ghaziabad and Gurgaon
Real estate developers say they fear that almost 50 percent labourers may return to their hometown and projects may get delayed further
BUSINESS
New Delhi railway station redevelopment: More than 30 consultants participate in pre-bid meet
The entire area will be developed across an area of about 8 million sq ft and the developer who is finally selected would be allowed to build commercial spaces on about 2.5 million sq ft
BUSINESS
Coronavirus lockdown | Can resident welfare associations restrict entry of house help, driver, other services?
Experts say that if the local administration itself is delegating the power down to the RWAs in certain situations, in that case it could set rules provided they are not arbitrary or discriminatory
BUSINESS
COVID-19 impact | Get ready for 6-feet offices, dedicated quarantine rooms in housing complexes
Office design is sure to undergo a change after the pandemic
BUSINESS
Coronavirus lockdown 3.0 | Construction to resume in some projects across Noida, Greater Noida from May 5
Real estate developers say they fear that almost 50 percent labourers may return to their hometown and projects may get delayed by a year
