Author: RM Bureau
Time to invest in realty sector
There is no denying that every crisis comes with some opportunities which allow us to find solutions, work for life & livelihood, and to do well. And a similar thing is with global pandemic coronavirus. Various sectors have faced the impact of this pandemic including real estate but the real estate sector has done tremendous work by using advanced technologies. With unpredictability all around...
Spaciya Leases 1.5 Lakh Sq. Ft. Since Lockdown
Beating the odds during COVID 19, Spaciya Advisors, NOIDA based real estate consultancy firm has achieved a milestone of leasing 1.5 lakh square feet of office spaces in NCR since relaxation on lockdown. Spaciya negotiated up with several real estate developers across NOIDA to give hefty rental discounts to the tenants. COVID times when businesses are being highly impacted, the opportunity of lea...
Extension of COVID-19 Loan Moratorium – Know the Implications
Due to the COVID-19 and subsequent lockdowns across the country, the RBI allowed banks and other lending institutions a three-month loan moratorium on EMIs from March to May 2020. This was later extended by an additional three months up to August 31, 2020. The moratorium certainly helped borrowers be they homebuyers or real estate developers, reeling under monetary pressure brought on by the pande...
India’s Biggest Online Housing Festival to Unlock 2.70 Lakh Houses for Homebuyers Soon
In a bid to resurrect from a continuous decline in the housing sales and revive the demand amid the worst-hit Covid pandemic, the country’s real estate developers will soon offer over 2.70 lakh ‘ready – to – move – in’ houses for online sales to the homebuyers in a first and biggest ever housing festival, which will begin soon. Initiated by National Real Estate Development Council (NAREDCO), in th...
Demand for affordable housing rise after global pandemic COVID-19
As we all know that the Indian Government implemented a national lockdown to stop the spread of global pandemic COVID-19. It was the need of the hour but it adversely affected many sectors including real estate also. Besides, we can’t deny that every crisis comes with an opportunity and the present global pandemic looks no different. Industry experts and researchers say that the demand for afforda...
Defying the slowdown, Xanadu Realty sells 250 units in 3 weeks
Displaying a stellar performance even during the COVID-19 outbreak & lockdown, Xanadu Realty has sold 250 units in the month of June 20. These include both residential and commercial properties. The realty player has also ventured into the luxury category within three weeks of the Unlock 1.0. The said properties have been sold in Mumbai across the whopping price range from INR 50 lac to INR 8 ...
How to Boost Housing Rentals and Attract Tenants in COVID-19 Times
As an aftermath of the COVID-19 pandemic, tenants are negotiating on their rentals and many landlords face the prospect of reduced rental income. While the incidence of renegotiation is lower in mid-segment properties and higher in luxury homes, the supply of rental homes has increased, and many property owners may face the prospect of lower rental income. In a market where tenants have the leeway...
RERA has brought in a positive change
It has been 3 years of RERA and things have been changing in the real estate sector for good at a faster rate. The foremost thing that has happened is the buyer confidence has increased and they are now only going for the developers of repute, who have lived in delivering quality projects on time. Now, buyers also know that they have a platform to complain about the errant developers and hence the...
Kamdhenu Group donates Rs.71 Lakhs to PM-CARES Fund for COVID-19 pandemic
Kamdhenu Group, a well-diversified player in the steel and paints industry, has donated Rs.71 lakhs to the Prime Minister-CARES Fund to support the on-going relief efforts being undertaken in the current COVID-19 pandemic situation. The Company, Kamdhenu Limited, undertook this initiative under its CSR wing, Kamdhenu Jeevandhara Foundation. The Company had appealed to its employees, dealers and di...
Bhartiya City marks 8 Years of business in the Industry
Bhartiya Business Group- One of India’s largest Business groups, marks Bhartiya City’s’ 8 years of completion this month. Driven by a vision and imagination to design a wholesome life experience, the Company embarked on the creation and development of Bhartiya City, ‘City of Joy’ in the year 2012. On achieving this milestone, the company appreciates and acknowledges the efforts of its dedicated em...
Self-Storage – Collateral Beneficiary of the COVID-19 Era
COVID-19 has changed the course of Indian real estate in many ways. While regular commercial real estate is under pressure, there are new opportunities for some emerging sectors in India. In the post-pandemic world, the self-storage segment is a direct beneficiary of an otherwise disrupted real estate marketplace. What is, and who does it? Self-storage facilities are warehousing spaces where house...
Raheja Developers appoints Achal Raina as Chief Operating Officer
Raheja Developers Ltd., one of the leading real estate companies in the country has appointed Achal Raina as its Chief Operating Officer with primary responsibility to manage entire marketing and sales on the Company along with other responsibilities, and to bring in several transformational changes. Having an experience of more than 30 years, Achal started his career in 1989 with DLF and was part...
Kamdhenu Paints eyes to boost revenue in the current Monsoon Season
Kamdhenu Paints, a leading manufacturer of high-quality decorative paints in the country, is looking to boost its revenue in the current Monsoon Season. Under this strategy, the company is promoting products and running awareness campaigns through social media as to how one can protect the shine and beauty of exterior walls during the rainy season. Saurabh Agarwal, Director, Kamdhenu Paints said, ...
The Guardians Real Estate Advisory buys office in ONE BKC, plans to make it their HO
Leading real estate, non-broking consultancy firm The Guardians Real Estate Advisory has bought a 7,500 sq. ft. office at one of the prime commercial buildings of BKC, ONE BKC. The office has been purchased in Tower C of the building and it plans to make it their Head Office. The firm is currently based out of another marquee project in BKC called The Capital from where it plans to shift out in th...
Special Situation Funds – Bailing Out India’s Stuck Housing Projects
Let’s take the hypothetical situation of a developer’s residential project in Mumbai in the last stages of completion. The original date of completion was December 2020 as per RERA. Construction was initially funded by debt from a non-banking financial company (NBFC) and 60% of the sanctioned amount has already been disbursed. Now, the NBFC is rocked by severe liquidity pressures and cannot fund t...
Investors Clinic introduces ‘Property Swap’ for stuck real estate property buyers
Investors Clinic (IC), the leading real estate consulting company announced a new model to offer relief to the aggrieved real-estate customers. IC’s new business model, ‘Property Swap’, is a noble move to help buyers stuck with projects both in housing as well as commercial real estate properties. Customers facing issues with undelivered projects can upgrade their property through contract restruc...
A.P. Moller – Maersk leases ~ 2 lakh sq. ft. of office space at Godrej Two, Vikhroli
Godrej Two is first of the development assets under Godrej Fund Management’s GBTC I program and is jointly owned along with Godrej Properties Godrej Fund Management (“GFM”), the real estate private equity arm of the Godrej Group, has leased ~ 2 lakh sq. ft. office space at Godrej Two, a commercial office located in Vikhroli, Mumbai to A.P. Moller – Maersk’s business units in Mumbai. Godrej Two is...
Green Star Homes Changing the Real Estate Scenario
– by Mr. Apurva Gupta, Chief Marketing Officer, Rivali Park CCI Project Ecologically accountable and resource-efficient buildings are currently becoming an essential part and future of the construction and real estate industry in India. We reside in a world where-in we tend to breathe in polluted air, fast-depleting natural resources and the threat of climate fluctuation is no longer just a ...
Post-COVID-19 World: Indigeneity will be instinctive and globalization, challenging to displace
The threat of contagion stemming from COVID-19 has fundamentally reshaped the relationship to our economy. Opening a widespread debate, the current pandemic phase has impacted the financial decisions, public policies, and political programs of the world with its overwhelming economic plan. Covid-19 leaves the world with an almost unprecedented situation compelling enough for a serious introspectio...
Urban Square signs up three more brands
Bhumika Group has announced that it has signed up three more international brands – Adidas, Puma & Asics in its flagship project, Urban Square, Udaipur. The total area on lease for three 3 brands is 2612 sq ft. Urban Square is a 1.8 million sq ft mixed-use development, which also has a mall positioned as an ‘All Under One Roof’ with lifestyle retail, hospitality, along with a food court, a sta...
Xanadu Realty successfully sells a luxurious property worth INR 8 Crores in MMR region
Mumbai, 16th July 2020, In another major achievement, Xanadu Realty has created a new milestone by selling ‘The Selten Isle’, a unique luxury property worth INR 8 Crore in the MMR region. Launched in May’2020 in Thane (Mumbai), the flagship property was created by Raunak Group and purely resonates with a high society living. The real estate industry in the last 90 days has faced significant challe...
Latest technology is the main reason for floating realty sector
There is no denying that global pandemic COVID-19 had affected the economies globally. Most of the countries comprising India had implemented national lockdown to stop the chain of the virus. Every sector has explored distant working to stabilise the business and also to combine the latest technological processes to reduce the impact of coronavirus. Indian realty sector is not a special case to t...
Mace-ANAROCK Collaboration to Deliver Tech-driven Construction Solutions to Indian Real Estate
Mace, the international consultancy and construction company, and ANAROCK Group, India’s leading real estate services company have announced a collaboration to bring unique real estate services to immediately benefit the Indian market as we settle into the ‘new normal’ post the COVID-19 pandemic. The two companies have signed a Memorandum of Understanding to provide a new and integrated project ma...
ISS Facility Management Services launch ‘Pure Space’ a workplace virus disinfection cleaning service
‘Is it safe?’ millions of office workers ask, as they prepare to re-enter workplaces worldwide. The corona pandemic has increased demand for hygienic workplaces, says global work experience and facility management company ISS. This is why ISS has launched a new disinfection and hygiene solution, Pure Space. “We developed Pure Space with our scientific knowledge of large-scale cleaning, disinfecti...