Search Results: real estate developer (2390)

Consumer Connect Housing Foreclosure, Fiscal Stress, Housing Defaults, Property Market Distress, EMI Defaults, Coronavirus & Housing Defaults, Property EMI Defaults After Covid-19

How foreclosure could be mitigated in Coronavirus hit housing market?

The statistics are scary for any salaried class across the cities of India who has an EMI to pay for his home purchase. The Indian Chamber of Commerce has estimated that the real estate would be witness to 65% defaults from the buyers of under construction projects due to Coronavirus hit lockdown. The estimation is not without its logical reasons. A CII snap poll of the CEOs finds that 52 percent of the companies surveyed foresee job losses, in their respective sectors.

Reports Force Majeure

Home buyers demand Force Majeure in accordance with law of natural justice

The good news is that the Indian home buyers do understand that the lockdown post the Coronavirus was neither in the hands of the builders nor could have been anticipated. They hence don’t object to the period of six months being declared to be Force Majeure. The bad news is that the home buyers across the country feel the government’s declaration of Force Majeure is not in accordance with the law of natural justice. Track2Realty Online Poll finds that the home buyers are demanding equal leeway in the housing market.

Column Swapna More, Kagaay

Prop-tech scenario post covid as compared to pre- Covid

For generations, real estate leaders were cautious in changing their business models. But in recent years there has been a significant change. So far the numbers have been on the lower side, but Covid 19, has initiated companies to adopt digital solutions at an unprecedented pace. According to a survey, digitisation is taking precedence across the sector and more than 90 percent of the occupiers and developers are aiming to bring a technological shift in their business operations within the next five years.

Policy Contract

Coronavirus declared Force Majeure; builder & buyer concerns juxtaposed

The real estate developers had a sigh of relief when the Government of India heeded to their demands for declaring Coronavirus hit construction under Force Majeure. The Union Finance Minister Nirmala Sitharaman assured the sector to issue an advisory to States and Union Territories and their regulatory authorities to extend the registration and completion date Suo-Moto by six months for all registered projects expiring on or after March 25, 2020 without individual applications.

Analysis Coronavirus Affecting Property Market, Covid-19 Affecting Property, Anuj Puri, ANAROCK Property Consultants, Coronavirus Halts Construction, Affordable Housing and Coronavirus

COVID-19 derails affordable housing growth in 2020, ~ 6.1 lakh units impacted in Top 7 cities

There are altogether over 6.1 lakh affordable units under construction across the top 7 cities, of which NCR and MMR alone account for nearly 59% – or 3.59 lakh units. These units were launched between 2013 to 2019. Both cities together also have a 57% share (approx. 1.34 lakh units) of the overall unsold stock of 2.34 lakh units in the budget homes category. (Unsold affordable stock consists of both under-construction and ready-to-move homes.)

Editorial Amit Modi, ABA Corp, County Group, Cherry County, Cleo County, County 107, Indian Real Estate Foreclosure, Property Foreclosure, Housing Loan Defaults, Coronavirus Impact on Property, Covid19 Affecting Real Estate

Escalation fears misplaced, input materials might be cheaper: Amit Modi, Director, ABA Corp

Lockdown is not a new reality for the developers across India, and more particularly in the Delhi NCR region. The NGT construction ban, often for months together, has hampered the execution cycle of the business. However, the comprehensive lockdown due to Coronavirus could multiply the woes of the business with supply chain hurdles leading to cost escalation, labour migration and the job losses in the market leading to standstill sales and even foreclosures. However, Amit Modi, Director of ABA Corp who is also a known face of CREDAI in this part of world thinks otherwise. In an exclusive video conferencing with Ravi Sinha, he feels some of the input costs might come down to clear the material inventory in a competitive market.  

Column Ravi Sinha- Diary of a Real Estate Journalist, Home Buyers' Activism, Home Buyers' Fight with Builders, Builder Buyer Conflict, Housing Delays, Housing Defaults, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property market News, Investment in Property

Corona is not publicity tourism Mr Builder

It is in this backdrop that in a typical “Ravi Sinha Uncensored” tone I told a PR girl who called me for one such Press Release by one of the largest developers of Mumbai, “Listen! As a matter of principle I am not carrying any story on food distribution to construction workers. But wait! Please give my feedback to your client, “He or any other builder is not doing any charity; not worth beating its own trumpet. This is a national calamity and you are morally bound to do so. Such Press Releases only make you look really petty. You can weave this info into some other story once the dust settles and everything is normal. But glorifying humanitarian gesture at this point of time is at best Corona Tourism for Publicity which is highly deplorable.” 

Reports Private Equity Deals, PE Deals in Indian Retail, ANAROCK Report on PE Deals, Shobhit Agarwal

USD 970 million PE inflows in retail hit 5-year high in 2019

Apart from the top cities, Tier 2 & 3 cities are also on the radar of many PE funds which see these cities actively driving retail going forward. At least 36% (nearly USD 1 bn) retail-focused funds went to cities like Ahmedabad, Amritsar, Bhubaneshwar, Chandigarh, Nagpur and Mohali. In 2019, ANAROCK Capital was instrumental in Virtuous Retail South Asia (a JV between Singapore’s PE firm Xander Group and Dutch institutional investor APG) concluding a USD 100 mn deal with TRIL for two retail malls – one each in Nagpur and Amritsar.

Reports Logistics, Logistics in India, Logistics Report Card, CBRE Report on Logistics

Logistics leasing at an all-time high of 33 million sq feet in 2019: CBRE

I&L space take-up in 2019 was dominated by small-sized transactions (less than 50,000 sq. ft.), which held a share of about 42%. The share of medium-sized transactions (ranging between 50,000 sq. ft. and 1,00,000 sq. ft.) rose from 26% in 2018 to 30% in 2019. Large-sized deals (greater than 1,00,000 sq. ft.) accounted for 28% of the leasing activity during 2019. The number of large-sized deal closures in Hyderabad, in particular, doubled in 2019 as compared to 2018.

Analysis Newsroom, Diary ofd a Real Estate Journalist, Ravi Sinha, Real Estate Positive News, Real Estate Negative News, Property News Positive, Negative Property News

Certified guarantee of positive coverage is not journalism

I have taken up the challenging practice of evaluating the performance of the real estate companies through rating the respective brands. I often hear two very different voices about my professional existence within the sector. A group of developers, though minority community, not only take the learnings out of the rating & ranking but also endorse that the sector needs someone like me for the larger interests of the business.

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