The end of the second phase of lockdown has brought good tidings for over 100 projects in NCR which have been in advanced stages of construction but had to meet an abrupt halt. Construction in all these projects has now restarted after getting necessary permissions from authorities. These permissions envisage the fulfilling of various mandated…
Amid COVID-19 Lockdown labour shortage has emerged as one of the biggest issues for the real estate sector as the stranded labourers are waiting to return their villages despite the government has now allowed to start construction activities even in the red zones. Such a situation may result in delay in delivery of projects. Further,…
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 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…
