Category: Bangalore

PHD Chamber suggested all under-construction projects to be treated as assets for granting credit to the developers.

April 11, 2020

PHD Chamber of Commerce and Industry (PHDCCI) has suggested that ongoing projects must be treated as assets for providing credit to developers, zero- period interest waiver in Uttar Pradesh should be provided for two years amid COVID-19, and developers who have applied for partial or partial project competition must be issued completion certificates to prevent […]

PHD Chamber suggested all under-construction projects to be treated as assets for granting credit to the developers.more

RBI shows its study for the residential market disruption with a small price drop in the sector.

According to a study by Reserve Bank of India, the residential real estate market has continued to suffer from weak demand and significant inventory overhang. Due to new launches dropping indicating the broad inventory overhang, all India house price levels moderated with Mumbai and NCR exhibiting a small price drop of almost 5 per cent. […]

RBI shows its study for the residential market disruption with a small price drop in the sector.more

DHFL under resolution process, declared to not make any payments to lenders and bondholders.

April 8, 2020

Dewan Housing Finance Corporation (DHFL) said on Tuesday it would not make any interest or principal payments to lenders and bondholders as the firm is under resolution process. The Corporate Insolvency Resolution Process (CIRP) was started against the debt-ridden corporation in compliance with the 2016 Insolvency and Bankruptcy Code regulations with effect from December 3, […]

DHFL under resolution process, declared to not make any payments to lenders and bondholders.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

K-RERA allows three months deadline extensions on all RERA projects.

April 6, 2020

The Karnataka Real Estate Regulatory Authority (RERA) has provided a deadline extension for all residential buildings throughout the city, taking into account the lockdown declared by the state and the union governments. Much of the mass exodus of migrant workers who decided to return to their hometowns before the coronavirus outbreak, the continuing construction projects […]

K-RERA allows three months deadline extensions on all RERA projects.more

Multiplex Association of India (MAI) request for complete rent waiver.

Cinema halls and multiplex operators have requested the malls’ landlords and developers to fully waive the rent and common area maintenance (CAM) during this lockdown and recuperating period. Unlike other industries, the cinema operators, according to the Multiplex Association of India (MAI), have “zero” revenue during the lockdown period and before that when several state […]

Multiplex Association of India (MAI) request for complete rent waiver.more

Experts predict the real estate market will see a surge in returns in 2-3 years.

April 3, 2020

Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit. Though according to […]

Experts predict the real estate market will see a surge in returns in 2-3 years.more

What are the Advantages and Disadvantages of buying a ready-to-move house in 2020?

March 30, 2020

With developers leaving projects unfinished and a lot of people not getting the possession of their house on time, Indians nowadays have been highly careful when it comes to buying a home. Because of Amrapali and other cases in the past, people have lost confidence in developers and are reluctant to bring their money into […]

What are the Advantages and Disadvantages of buying a ready-to-move house in 2020?more

Reserve Bank of India puts hold on Housing Loan EMI’s for the next three months.

March 28, 2020

The Reserve Bank of India joined the huge battle on March 27 with a host of steps aimed at mitigating the harm from Covid-19 a day after Modi govt started his economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter. Those steps come just hours after Moody’s Investors Service reduces India’s […]

Reserve Bank of India puts hold on Housing Loan EMI’s for the next three months.more

COVID-19: The impact of lockdown makes airport hospitality service providers urge for relief on heavy rents.

March 27, 2020

The airport hospitality service providers, who had to close down lounges after air traffic suspension, have urged airport operators to offer some relief on the heavy rents they pay for utilizing their facilities. The lounge operators have requested the operators at some airports where they pay the minimum guarantee to reconsider the guarantees due to […]

COVID-19: The impact of lockdown makes airport hospitality service providers urge for relief on heavy rents.more

Realty developers to advertise and close the housing deals via digital platforms.

March 24, 2020

Realty developers are now advertising their latest releases through digital platforms, as the Covid-19 outbreak and the predicted reduced amount of visits of homebuyers at their sales offices provide no relief. Several major developers such as Godrej Properties, Total Environment Building Systems, and Prestige Group have introduced digital site tours, confirmations and verifications from email […]

Realty developers to advertise and close the housing deals via digital platforms.more

Category: Bangalore

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