COVID19 accelerates digital upgradation of India’s real estate sector
01 Jun, 2021, 12.24 PM IST
Since last year an increasing number of real estate dealings are taking place remotely, online. In the current circumstances, consumers prefer digital and remote human engagement over in-person interactions—a sentiment that has progressively deepened even after the end of the lockdown.
Real estate developers expect recovery in H2 2021
18 May, 2021, 08.05 PM IST
Real estate developers are hoping to see a quick recovery once the second wave of Covid subsidies, similar to the one seen post lifting of lockdown 1.0, due to pent up demand.
Gurgaon court orders FIR against real estate firm Tribeca
05 May, 2021, 06.35 PM IST
Jaiswal, in his complaint, has alleged that Mehta had promised buyback of equity partnership but never fulfilled it. “I had to approach the Gurgaon court, who ordered to file the FIR against Kalpesh Mehta under various sections of IPC for cheating and fraud including 420 amongst others,” Jaiswal said.
Silence over sops for middle-income housing surprises real estate sector
04 May, 2021, 07.16 AM IST
In a bid to boost demand for real estate and construction activity, the government had extended the benefit of the Credit Linked Subsidy Scheme (CLSS) by a year to March end. There’s been no intimation on a further extension of the scheme, which may end up hurting PM Modi’s objective of Housing for All by 2022, apart from hitting the economy.
Indian real estate institutional investments up 21% in Q1 at $922 million: Report
27 Apr, 2021, 11.36 AM IST
Investments during the quarter were driven by more activity from funds and closed development stage deals and were further supported by external macroeconomic factors. However, according to JLL, the pandemic surge during the second half of March 2021 is expected to delay the investment pipeline in the second quarter.