Tamil Nadu’s deputy chief minister O Panneerselvam has said that the real estate sector is facing many challenges due to the Covid-19 lockdown, seeking Prime Minister Modi’s intervention to initiate appropriate measures needed to revive the industry. … [Read more...] about TN deputy CM seeks PM Modi’s intervention to revive real estate industry
Greenrock real estate advisors
Office sector expected to lead post-Covid-19 recovery in real estate sector: Report
For the office real estate market, the JLL report said that as a result of the pandemic, re-negotiation of contracts between landlords and occupiers is the underlying trend in the short term as the first quarter of the year saw the net absorption fall by 30%, ie, to 8.6 million sq ft, mirroring the moderation of quarterly economic growth to 3.1%. … [Read more...] about Office sector expected to lead post-Covid-19 recovery in real estate sector: Report
Real estate developers resort to layoffs, pay cuts as Covid-19 hits sales
CIEL HR Services Director and CEO Aditya Mishra noted that as many as30,000 white-collar jobs are expected to be lost in the sector in the next three months. “As things stand now, most companies are not building new projects; they are finishing the previous projects to honour their commitments and protect their reputation. … [Read more...] about Real estate developers resort to layoffs, pay cuts as Covid-19 hits sales
Coronavirus lockdown: Commercial real estate deals may make comeback around Q4 2020
“Pre-leased upcoming supply and near-term deals in the leasing pipeline may get deferred by one or two quarters depending on how the COVID-19 situation evolves. We see any COVID-19 induced economic slowdown in the USA and Europe over the medium term as a bigger risk to Indian office demand in CY21-22E,” it said. … [Read more...] about Coronavirus lockdown: Commercial real estate deals may make comeback around Q4 2020
Covid-19: FM interacts with realtors’ body to assess real estate sector’s problems
“Smt @nsitharaman interacts with the senior members of the National Real Estate Development Council (NAREDCO) via video conference. Shri @Dev_Fadnavis, Former Chief Minister of Maharashtra also joins the interaction,” said a tweet put out by the finance minister’s office. … [Read more...] about Covid-19: FM interacts with realtors’ body to assess real estate sector’s problems
