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construction

PMI: UK construction industry experiences the steepest decline in activity in March 2020.

April 7, 2020

Britain’s construction industry experienced the sharpest decline in activity following last month’s financial crisis, a survey revealed on Monday, despite seeing far less pressure than other sectors that are affected due to coronavirus pandemic lockdown. Also reported last week’s figures from financial data provider IHS Markit and the Chartered Institution of Procurement and Supply (CIPS), indicating the British business sector as a whole is shrinking at the highest pace in more than 20 years.  The construction Purchasing Managers’ Index (PMI) plunged to 39.3 in March from 52.6 in February, its lowest since April […]

PMI: UK construction industry experiences the steepest decline in activity in March 2020.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
Financial crisis

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
High Court

High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.

April 4, 2020

The Delhi High Court on Friday restricted a private credit rating firm, ICRA Ltd, from allowing the Indiabulls Housing Finance Ltd (IHFL) credit score public until April 6. Justice Sanjeev Sachdeva’s interim direction came on a request to stop ICRA Ltd from downgrading IHFL’s credit score for failing to include any details the credit rating […]

High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.more
Electricity

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.

April 3, 2020

On March 30th, the Maharashtra government declared an average 8 per cent reduction in the electricity tariff over the next five years to enable enterprises and citizens to sail through the COVID-19 crisis. Although the sector has earned the biggest gains, according to an official announcement, farmers would have to endure a 1 per cent […]

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.more
Property Registration

PMC: Pune citizens can now access property tax bills through digital platform.

April 2, 2020

The civic body took to the digital platform to issue property tax bills for the new fiscal (2020-21) after the current lockdown hindered it from printing and dispatching more than 10.5 lakh of them. The Pune Municipal Corporation (PMC) has now begun uploading the bills to the property tax payment network that can be accessed […]

PMC: Pune citizens can now access property tax bills through digital platform.more
RHB

Rajasthan Housing Board might provide 16,000 vacant flats to COVID-19 patients.

To take on coronavirus, several schools, hospitals, and facilities have opened their doors for citizens suffering through the lockdown time to reach both ends. However, the Rajasthan Housing Board (RHB), which has 16,000 vacant properties, is still in progress to give any solace to the suffering people. State residents also volunteered to cater migrant workers […]

Rajasthan Housing Board might provide 16,000 vacant flats to COVID-19 patients.more
Investment

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.

April 1, 2020

Japanese institutional investor Marubeni Corporation has decided to invest Rs 300 crore into a 1 million sqft residential project ‘Atmosphere’ of real estate developer Wadhwa Group in Mumbai’s Mulund suburb. This is the maiden investment Marubeni has created in Indian real estate. In a statement, it said it would invest in the project by subscribing […]

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.more

Real estate firm Unity Group allows one-month rent exemption to all its shopping malls retailers.

Realty company Unity Group, which has four shopping malls in the national capital, would not charge rent for the month of April estimated at Rs 10 crore to offer relief to its retailers and other merchants impacted by the national lockdown. Unity Group has exempted all merchants from paying a month’s rent at its ‘Unity […]

Real estate firm Unity Group allows one-month rent exemption to all its shopping malls retailers.more


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