The Pune Municipal Corporation (PMC) is all set to allow construction activities in non-coronavirus hotspots in Pune. It may soon grant permissions to the developers to restart work on their stalled projects. The state government gave relaxation to construction activities, provided the developers follow all the guidelines associated with COVID-19. The PMC is expected to…
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is looking to set up a system for grading of developers and projects in measurable parameters. The initiative is aimed at assisting the homebuyers in making an informed decision. The authority has appointed rating agency CRISIL to set up this system. In consultation with CRISIL, UP-RERA has…
As per the fresh guidelines issued by the local administrations of the NCR region, the ban on construction activity in Noida and Ghaziabad has been extended till May 3. On the contrary, the builders in Gurugram and Faridabad in Haryana have been allowed to resume construction work, but only after they get all the necessary…
Growth in the building material sector is also facing heat due to the COVID-19 impact. The sector’s growth has been substantially impacted due to muted real estate growth and it would see further decline due to COVID-19 outbreak. According to industry experts, the plumbing pipe segment will however be relatively less impacted followed by the…
Against the backdrop of construction sector already witnessing credit pressure this fiscal, Covid-19 has emerged as another major challenge for real estate sector and its allied industries. Apart from slowdown in public spending, coupled with weak business sentiment, the construction sector is also facing a double whammy of labour shortage and working capital pressure, resulting…
Currently, the Indian economy is facing weak investor sentiments and its adverse impact has left the real estate and the infrastructure sector gasping for breath. This situation is deeply worrying and there is no silver lining visible in immediate future since the RBI’s efforts to make the loans cheaper with a cumulative reduction in repo…
By Dr Samantak Das Black swan events have been plaguing the Indian economy for quite some time now. The real estate sector was no exception to the policy paralysis that began in 2012 and continued till 2014. It made every sector reeling under its pressure, particularly the residential market. Home sales nosedive in these years…
You have applied for a loan to buy your dream home. But don’t be complacent and do your homework well before sending your loan applications to a bank or home finance company. You will do well to avoid the following pitfalls that may lead to the rejection of your home loan application: Compulsive job-hopping: Nothing…
Buying real estate is the life goal for most people in our country. But it is not an easy decision to make. In fact, it requires a lot of financial planning to pool in requisite funds and a thorough search for selecting a house within one’s budget. However, most people fail to take into account…
Obtaining a home loan is never an easy process, not that your eligibility for it is the issue, but there are various dilemmas that confront you as you apply for home loan. Following are some of the difficult choices that you may have to encounter as a home loan consumer and the solutions suggested by…
