Due to the easing of COVID-19 lockdown relaxations granted by the Union Home Ministry, construction in real estate projects spanning across Noida, Greater Noida and Gurugram may start soon. The Gurugram Metropolitan Development Authority (GMDA) has approved 25 projects to restart construction immediately. The permission has been given with instructions to the builders to maintain…
The mutual fund investors who have been a worried lot recently may now heave a sigh of relief as RBI has announced a special liquidity facility of Rs 50,000 crore to ease liquidity pressures on MFs. It is due to the COVID-19 pandemic there has been much insecurity in capital markets due to heightened volatility…
As the corona outbreak shows signs of easing a bit, countries across the globe have begun relaxing lockdown conditions. India eased the conditions of stringent lockdown for 1.3 billion people with the reopening of the neighbourhood as well as standalone shops. Last week, the country allowed resumption of manufacturing and farming activities in rural areas…
By Rajesh Kumar COVID-19, I think, is a watershed moment in history for all countries: henceforth our times would be known as pre-Covid-19 and post-Covid-19, which calls for a paradigm shift in the way we live, think and conduct ourselves. Time has come where we need to reorient our focus on hygiene, healthcare, basic infrastructure…
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…
The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved significant investments to the tune of Rs. 15,000 crore for ‘India COVID-19 Emergency Response and Health System Preparedness Package’. The funds sanctioned will be utilized in three phases. For immediate COVID-19 Emergency Response, an amount of Rs. 7,774 crore has been earmarked under…
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…
Public spaces (including streets, markets, shopping precincts, community centres, parks, playgrounds, and neighbourhood spaces in residential areas) play a vital role in the social life of communities. COVID -19 is an acute respiratory disease caused by a novel Coronavirus (SARS-CoV-2), transmitted in most instances through respiratory droplets, direct contact with cases and also through contaminated…
Surat, also known as the ‘diamond city’, is one of the most dynamic and fastest-growing cities of India due to immigration from different regions of Gujarat and other states of the country. As one of the few major cities of India with a status of ODF++, Surat has been doing inspiring work while treading the…
