Realtors based in Gurugram on Tuesday said that the decision of the Haryana government to grant a moratorium on payment of fees related to change of land use (CLU), licence renewal fees and other interest payments is a positive step that will give a breather to the real estate industry, which has been hit hard […]
The ongoing Covid-19 pandemic has started to prompt changes in business models of co-living operators as most of the new deal conclusions and negotiations for prospective transactions are focusing on revenue share structures with landlords. While the model existed even earlier, most deals were then concluded with fixed lease commitments and minimum guarantees assured by […]
NEW DELHI: Property registrations in Delhi-NCR dipped by 68% in the months of May and June from the year-ago period as the Covid-19-induced lockdown brought activities to a halt. In April, a few properties were registered in Noida and Ghaziabad but none in Delhi, Gurgaon and Faridabad. More property sales were recorded in May, when […]
NEW DELHI: Realty major DLF on Tuesday said it will not sack any employee and rather give annual increments to staff up to certain grade, amid market concerns about job losses in the real estate sector due to adverse impact of lockdown and coronavirus outbreak. “There will be no layoffs. Annual increments to be given […]
CHANDIGARH: Advertised as a Start-up India campaign initiative, non-allotment of 59 industrial plots advertised by Haryana Shehri Vikas Pradhikaran in various urban estates for the past three years has left hundreds of applicants in the lurch. Cities where plots were advertised include Gurugram, Faridabad, Panipat, Bahadurgarh, Sonipat and Rewari, among others. Sources in HSVP said […]
On 1st May 2020, the Real Estate (Regulation and Development) Act, 2016 (RERA) completed four years since its enactment, and three years since all the provisions of the Act came into force. Three years is a decent time horizon to reflect on the functioning of an Authority, set up under a regulatory law, at-least to […]
Nearly 50% of unsold housing inventory across India is facing the risk of being delayed or is susceptible to price correction. More than the risk price correction; the risk of default in execution poses a bigger challenge for Indian real estate, showed a stress test conducted by Liases Foras Real Estate Rating & Research. Around […]
NEW DELHI: In a boost for 15,000 homebuyers of Unitech, the Supreme Court-appointed board is seeking waiver of around Rs 5,500-crore interest and penalties charged by the Noida Authority, a reduction in interest rate from banks, and sale of some assets to raise funds to complete flats and villas without putting additional burden on those […]
NOIDA: In the wake of Covid-19 pandemic, the Uttar Pradesh government has given six months more to the developers of the group housing projects, which are covered under the zero period policy. Now, such developers can deliver the flats to homebuyers by the end of December next year instead of earlier deadline of June 30, […]
Indiabulls Housing Finance Ltd (IBHFL) has raised ₹2,200 crore from Oaktree Capital by pledging a part of its real estate loans to the global stressed assets investor, two people directly aware of the transaction said, requesting anonymity. The transaction is expected to breathe a fresh lease of life into Indiabulls Housing, which has been in […]
Real estate regulators will write within a week to the RBI, seeking one-time debt restructuring for the industry to help developers overcome the liquidity issues, Uttar Pradesh RERA Chairman Rajive Kumar recently said. Industry bodies CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans […]
Homebuyers’ pan-India body, the Forum for People’s Collective Efforts (FPCE), has sought relief from Prime Minister Narendra Modi for homebuyers impacted by various extensions provided to developers that led to additional interest burden for home-owners. In the backdrop of Covid-19 related job losses and salary cuts, homebuyers are already stressed financially and the government hasn’t […]
