Author: RM Bureau

RBI Makes Its COVID-19 Countering Move

RBI’s latest announcement of a massive repo rate cut of 75 bps coupled with three months moratorium of EMIs on all outstanding loans is the biggest move that India has so far made to counter the COVID-19 fallout. The move will push credit flow into all industries reeling under the impact of the coronavirus. The repo rate cut will I fuse cash flows into the system and ensure that consumption disrup...

Purposeful action to mitigate the adverse macroeconomic impact of the pandemic

This is a very significant move with substantial monetary policy intervention at a time when COVID -19 has impacted the economy at large. This is in conjunction with the economic package announced by the finance minister yesterday for the poor. In addition to other benefits, the package is expected to benefit 3.5 crores registered construction workers. This is also a perfect orchestration of the j...

Dalmia Bharat suspends cement production across nation to curb spread of Covid 19

In a significant move aimed at social distancing and protecting the workforce from a global pandemic of COVID 19, India’s leading cement manufacturer Dalmia Cement (Bharat) Ltd has suspended cement production across all its plant locations in the country. Dalmia Bharat operates across nine states and 12 manufacturing units with a combined annual capacity of 26.5 million tonnes. Commenting on the d...

Covid-19 Effect – Housing Sales, New Launches Dip 42% Each in Q1 2020

As anticipated, the Covid-19 pandemic had a considerable impact on the Indian housing sector. Residential sales saw a 42% y-o-y drop in the first quarter of 2020, reveals the latest data by ANAROCK. In Q1 2020, residential sales in the top 7 cities stood at 45,200 units, against 78,510 units a year ago. On a q-o-q basis, housing sales fell by 24%. Meanwhile, new launches too fell by 42%annually &#...

COVID-19 Lockdown Stalls Construction

A lot is currently at stake for Indian residential real estate as cities go into complete lockdown mode to battle the spread of Covid-19. Developers tend to schedule project launches during the auspicious festivals of Gudi Padwa, Akshaya Tritiya, Navratri, and Ugadi. The strict advisories for complete lockdown across cities will impact housing sales during the upcoming festivals, usually considere...

Significant stress expected on mall operators’ cash flows in the near term

The effect of coronavirus is expected to have a differential impact on the commercial real estate (CRE) sector in India. The retail commercial space comprising mainly of mall operators will be impacted in a major way due to its closure across the country whereas, in the office space segment, the repercussions are likely to be marginal. The global spread of COVID-19 since January 2020 is resulting ...

COVID–19 to impact property sales on Gudi Padwa & Ugadi

Ugadi, one of the biggest festivals in South India and Gudi Padwa, the beginning of the Hindu calendar that signifies the start of the New Year is considered to be the most auspicious time to buy a property; the festivals won’t be the same this year. The outbreak of COVID-19 has actually dampened business activities across the globe and real estate is no far behind. Construction activities to have...

Realtors extends support to fight COVID – 19; express gratitude to Corona Warriors

As the country is braced up to beat the outbreak of COVID – 19, they have actually created history by becoming a part of India’s first-ever social mission of self- governance to save fellow beings. Many of Mumbai’s top realtors equally stood up with its people in this hour of crisis. Seldom in the history that the city is seeing its roads empty, the markets deserted and the publi...

NRI continue to play out loud in Indian Real Estate

In the past few years, NRIs have come strength to strength in the Indian housing market. Once a limited force, the expatriate community currently accounts for a sizable part of Indian housing demand. As per the report by 360 Realtors, India’s leading Real Estate advisory & one of the most dominant players in the NRI space, in FY 21, a total of USD 13.1 billion of NRI capital are expected to en...

Approving buyback of equity shares

In furtherance to our intimation letter dated March 18, 2020 and pursuant to Regulation 30 of the SEBI Listing Regulations read with circular issued by the Securities and Exchange Board of India (“SEBI”) bearing number CIR/CFD/CMD/4/2015 dated September 9, 2015, this is to inform you that the Board of Directors of the Company, at its meeting held on March 21, 2020, have considered and approved the...

JLL named number one investment advisor in Asia Pacific

JLL  has been named the number one investment advisor in the Asia Pacific for 2019 by Real Capital Analytics (RCA), an independent body that monitors real estate transaction volumes worldwide. For the full year 2019, JLL closed $27.6 billion in investment deals, achieving approximately 30% market share, and led the region in terms of complex transactions, with over $13.1 billion in cross-border de...

Godrej Properties enters Faridabad in NCR

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, today announced its entry into the Faridabad market with its first residential plotted development. Spread across 43.61 acres (17.65 hectares), this land parcel has been acquired from BPTP. This project will offer approximately 95,000 square meters (1 million sq. ft.) of plotted development potential offering attractive p...

Troubled Times Equal Opportunity for NRI Investors

To paraphrase Warren Buffet, a time of fear is a time for opportunity. While all economies are shaken at the moment, it is in such times that smart investors buy into their preferred asset classes. For NRIs, opportunities back home are even more appealing with the fall of the Indian rupee. As the equity markets continue to vacillate, NRI investors had become wary of the stock markets and fell back...

Coronavirus: CREDAI says Property Sales, Construction affected

CREDAI compliments Government of India for timely and effective measures to contain the spread of COVID 19. The alacrity of the Government response has succeeded in limiting the Corona cases to less than 150 in a population of more than 130 crores. The loss of lives across the world and the ensuing paranoia in the public along with the social distancing measures is a shell shock to the economy. Ai...

Tata Power expands rooftop solar service to 90 cities across India

Preparing for a #futureready India, Tata Power, the country’s largest integrated utility is making a big push for a stronger adoption of clean energy by expanding its rooftop solar offerings to 90 cities. The big rollout from Tata Power is also coming at a time when consumers across all major categories including commercial, industrial, residential and public sector are now adopting solar energy a...

SpideyManage takes the responsibility to sensitize the security guards

SpideyManage, apartment management app takes the responsibility to sensitize the security guards in residential apartments. Growing footprints of the novel Coronavirus in India is making it almost mandatory for all of us to make sure that we sensitize all the people around us about the virus, its implications, and the precautions’. Delhi NCR based and nurtured SpideyManage, Apartment Management ap...

Indian-origin-businessman Vivek Salgaocar joins World Economic Forum’s celebrated Forum of Young Global Leaders

Thirty-three-year-old Indian-origin businessman here, Mr Vivek Salgaocar has joined the coveted list of Forum of Young Global Leaders Class of 20 for playing a defining role in conserving natural resources, connecting refugees to the global economy, and addressing global health issues. Forum of Young Global Leaders Class of 2020 was started in 2004 by the World Economic Forum (WEF) founder Klaus S...

RBI Defers Rate Cut Announcement to ‘Counter’ Covid-19

Amid the growing concerns over the economic impact of Covid-19, the RBI was expected to agilely tread along the lines of its western peers and announced an emergency rate cut to ease growing economic pressures and infuse liquidity into the system. It is one means of staving off a recession which may arise due to the coronavirus spread. Countries like the US, England, Australia, New Zealand, etc. h...

Bosch Power Tools India appoints Mr. Nishant Sinha as Regional Business Director, India & SAARC

Bosch Power Tools India, a market leader in the power tools segment that offers a complete range of power tools for construction, woodworking, and the metalworking industry, has appointed Mr Nishant Sinha as the Regional Business Director for India & SAARC. Nishant will bring his rich business experience to lead the growth of the power tools products, accessories, measuring tools, lawn & g...

Indian Retail Reels Under Coronavirus Panic

Amid the rising number of coronavirus cases in the country, the order of closure of malls and multiplexes across many top cities by the respective state governments to prevent people congregating for any reason has caused the organized retail scene in these cities to come to a grinding halt. The top 8 main cities of India have 126 malls sprawling over more than 61 mn sq. ft. area and more than 100...

Highbar Technocrat to offer unprecedented next-generation technology support to construction and infrastructure enterprises

Companies in the construction industry, across real estate, commercial, industrial and infrastructure construction are facing intense competition, increasingly stringent compliance norms pressure to improve speed and productivity. This has made it imperative for them to invest in technologies such as artificial intelligence, internet of things, data analytics and 3-dimensional modelling to retain ...

Dalmia Bharat Group wins award for corporate governance at Legal Era Awards 2019-20

Dalmia Bharat Group, a leader in India’s core manufacturing space since 1939, has won an award for corporate governance at the Legal Era Awards 2019-20, an initiative by Legal Era of the Legal Media Group that recognises the best legal practitioner, legal team or law firm in India and abroad. Dr Sanjeev Gemawat, Company Secretary, Dalmia Bharat Group represented the company at the award ceremony a...

Bennet & Bernard bags prestigious ‘Best Developer of the Year’ Award

Bennet & Bernard, a leading luxury real estate developer known for their unique and exclusive holiday homes in Goa has bagged the prestigious ‘Best Developer of the Year – Goa’ award at CNN News 18 Real Estate and Business Excellence Awards 2020 held recently. This award is a recognition of the iconic projects that Bennet & Bernard have developed over the years. The Award...

Coworking Fails to Attract Large MNCs Despite Lower Rentals

Apart from flexible work environments and added facilities, coworking spaces provide a substantial cost advantage over traditional office spaces across India’s top cities. Rental savings amount to anywhere between 6% to 33%. Despite this, Indian coworking fails to attract major MNCs the way it does in many European nations, reveals a recent report by ANAROCK on emerging asset classes. Individually...