Category: New Projects

Loan

Developers’ body seeks to defer housing loans EMI for a 12months.

March 25, 2020

Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]

Developers’ body seeks to defer housing loans EMI for a 12months.more
Online Selling

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
construction workers

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.

March 21, 2020

Realty developers body the Confederation of Real Estate Developers Association of India (CREDAI) has opted to pay construction staff even though they are off work owing to sickness or work stoppage at the site in the context of ongoing coronavirus mayhem. CREDAI has mentioned in a letter to members of its realty developers that this change would […]

Realtors’ body rules to provide wages to the construction workers even though they are off work due to COVID19.more
Financial crisis

Credai –MCHI reports about 65% of home buyers defaulting on installments.

March 18, 2020

The coronavirus disease has had a crippling impact on the real estate sector with approximately 65% flat buyers defaulting on installments since last week, said Credai -MCHI, the apex body comprising more than 1,400 builders in the Mumbai metropolitan region (MMR). Worse, there are also reports of the closing down of malls that retail stores will […]

Credai –MCHI reports about 65% of home buyers defaulting on installments.more
Under-construction Building

Construction work freezes in China due to epidemic prevention.

March 12, 2020

In February, construction operations in China halted when the government prolonged the lunar New Year break and urged residents to remain indoors for a coronavirus epidemic preventive. The flu-like disease began from central Wuhan has killed 3,158 people and affected over 80,000 in mainland China. Japan’s Komatsu report, one of the most significant manufacturers of […]

Construction work freezes in China due to epidemic prevention.more