According to the global rating agency Moody’s Investors Service report, the Yes Bank rescue will lead to smaller entities losing deposits to state-run banks, as it has undermined the confidence of depositors in private-sector lenders. The RBI – which had to steer the over Rs 10,000 crore Yes Bank bailout – has, however, said money…
By Stuart Crow JLL has been designated as the numero uno investment advisor in the Asia Pacific for 2019 by Real Capital Analytics (RCA), a global independent body that monitors real estate transaction volume. For the full year 2019, JLL closed $27.6 billion in investment deals, achieving approximately 30% market share, and led the region…
In the wake of COVID- 19 pandemic, FICCI has been actively engaging with the government to develop a strategy to handle COVID-19, be it screening of suspected cases, the preparedness of private labs for testing or identifying isolation beds or buildings for treatment. A strategy paper has been submitted to the Ministry of Health &…
The Coronavirus outbreak, which originated in China, has infected lakhs of people worldwide. Simultaneously, it has disrupted industries, trade, and business cycles, thus halting global economic activity significantly. In usual times, the period normally sees an uptick in residential real estate activities owing to festivals like Ugadi, Gudi Padwa, Akshaya Tritiya, and Navaratri when new…
Smart Cities of Pune, Surat, Bengaluru and Tumakuru are using the integrated data dashboards, developed by the data analysts and data experts working with their ICCCs (also functioning as COVID-19 War Rooms in many cities) to provide up-to-date information about the status of coronavirus in different administrative zones of their cities. Pune: Pune Smart City…
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…
While the novel Coronavirus or Covid-19 is spreading like wildfire its negative impact on Indian economy has started becoming visible. To contain the spread of this deadly virus a nationwide complete lockdown for 21 days has been announced and it has already spelled disaster for the struggling Indian economy. The outbreak of this virus and…
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…
In a move to provide relief and support the poorest citizens of the country who are the most vulnerable during the ongoing countrywide lockdown to curtail the spread of COVID-19, the Finance Minister of India, Nirmala Sitharaman announced a ₹1.7 lakh crore package, providing free food and cash transfers. She said the foodgrain ration for…
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…
