The second wave of the COVID-19 pandemic has been more ‘devastating’ on the real estate sector than the first one, as new launches and sales have fallen drastically since April this year. There has been a fear of project delays due to the local lockdowns across different States of the country. T... Read more...
India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report which said the COVID-19 second wave in the country weighs heavily on the country's overall economic activities but its strong fundamentals provide "optimism"... Read more...
The commercial real estate sector will continue to face significant pressure in the near term owing to the continuing impact of the Covid-19 pandemic on both the office and retail leasing segments, according to ICRA Ratings. With the second wave peaking in Q1 of FY22, the sector is expected to co... Read more...
Mayor Kishori Pednekar has said that there will be no hike in property tax in Mumbai till the Covid-19 situation improves. “We don’t know how long it will take but till then we will not burden Mumbaikars by increasing the property tax," Earlier, it was expected that the property owners in Mumbai... Read more...
Square Yards has released a first-of-its-kind COVID Suitability Index report. The latest research report by the company tilted “Suitability Index: The COVID Perspective”, aims to study the suitability of living and working in three prime cities of India namely Bengaluru, Mumbai and Gurugram with... Read more...
The ferocious second wave of Covid-19 cases has derailed Morbi-based ceramic tile makers’ plans to start production at their new plants. Commercial operations at several new plants in India’s largest cluster of the ceramic industry have been delayed by one to three months. Issues pertaining t... Read more...
Among the 37 wealthy countries that make up the Organization for Economic Cooperation and Development (OECD), real house prices rose by almost 7% between the fourth quarter of 2019 and the fourth quarter of 2020 — the fastest year-on-year growth in the past two decades. In an unexpected twist, ... Read more...
THE CURRENT HEALTH CRISIS HAS CREATED A HOST OF NEW CHALLENGES FOR PRODUCT COMPANIES FROM MANAGING SHIFTING PRIORITIES IN TERMS OF BUDGETS TO PEOPLE RESOURCES. BUT, THIS TIME HAS ALSO HELPED THEM IDENTIFY IMPORTANT OPPORTUNITIES FOR THE LONG TERM. Dealing with the challenges of the present times,... Read more...
The recent spike in COVID-19 cases in the country and fears of second wave might hamper the recovery in the real estate sector witnessed in the last six months, an analysis by CARE Ratings has said. Even with the Maharashtra government, not extending the window of low stamp duty benefit could pot... Read more...
Nomura’s India Business Resumption Index (NIBRI), a measurement for tracking the extent of normalisation in the economy, has hit 98.1 points during the fortnight ended February 14. The measure may very well hit the 100 mark, which will signify full recovery by the end of this month. “The cont... Read more...