Amit Bhagat, Managing Director and CEO, ASK PIA believes that the direct real estate investments are not advisable due to not-so-liquid nature of investments. What is your overview of the realty sector? Close ended private equity funds with proven track record through cycles are best to op... Read more...
Ram Raheja, Director, S Raheja Realty explains the role of RERA in bringing organizational changes in the realty sector What has the advent of regulatory authority meant for the real estate sector in India? The introduction of RERA act was whole-heartedly welcomed as a great value-add to the rea... Read more...
Sharad Mittal, CEO, Motilal Oswal Real Estate Fund “The FM has announced a suo moto relief of 6 months for the RERA completion timelines for all projects in all states with an additional window of 3 months that can be granted by the individual state authorities. Considering that proje... Read more...
Ashok Mohanani, Chairman, EKTA World & VP NAREDCO, Maharashtra. “Given the distressed economic environment triggered by the health crisis and the resultant dent in the sentiments of the consumers as well as stakeholders of the sector, the announcement today was the need of the hou... Read more...
The government has said that developers can now invoke a Force Majuere clause under the Real Estate Registration act. By invoking Force Majuere they can extend their registration and completion date suo-moto by six months for all projects that were expiring on or after March 25. Fresh project regist... Read more...
Shishir Baijal, Chairman & Managing Director, Knight Frank India “Today’s announcement by the Finance Minister was eagerly awaited by the real estate sector hoping to receive a new lease of life mostly from challenges emanating from liquidity and demand challenge. To enhance liq... Read more...
Rakesh Reddy, Director, Aparna Constructions & Estates Pvt. Ltd “The latest economic relief reforms announced by the Government are extremely positive for consumer, industry and investor morale. The reforms look to bolster liquidity, facilitate credit flow and ease the pressure of... Read more...
Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani. The bold economic measures announced today display the government’s strong commitment to tackle the unprecedented challenges and restore confidence and faith in the economy. Providing an extension for completion of proj... Read more...
Ravindra Sudhalkar, CEO at Reliance Home Finance The Finance Ministry’s advise to States and UT to treat COVID-19 as an event of ‘Force Majeure’ under RERA will provide major relief to real estate developers whose projects have been stuck due to lack of liquidity and cash flow stoppages. Th... Read more...
The Ministry of Commerce and Industry is considering relaxation in the foreign direct investment (FDI) policy for the real estate sector, including 100 percent FDI in completed RERA registered projects with over 100 apartments. According to market experts, this - to allow FDI for completed apartm... Read more...
