Rays Power Infra announced closure of INR 127 Crore Equity Capital Fund Raise - Godrej Agrovet Reiterates its Commitment to Handhold Indian Farmers on Kisan Diwas - "Mother's Embrace" A Photography Exhibition will be displayed by Renowned Photographer Devendra Naik at Jehangir Art Gallery in Mumbai - DAM Capital Advisors collects Rs 251 cr from Anchor Investors - Blackstone backed Ventive Hospitality Limited raises ₹ 719.55 Crores from 26 anchor investors at the upper end of the price band at ₹643 per equity share - The Inventurus Knowledge Solutions Limited listing ceremony held at NSE today - “ENCOUNTER WITH THE MOMENT” An Exhibition of Photographs by Gurdeep Dhiman at Jehangir Art Gallery in Mumbai - VENTIVE HOSPITALITY LIMITED ANNOUNCED ITS Rs. 16,000 MILLION INITIAL PUBLIC OFFERING (IPO) TO OPEN ON FRIDAY, DECEMBER 20, 2024 Sets Price Band fixed at Rs. 610 to Rs. 643 per equity share of face value of Rs. 1 each - Dr Agarwals Eye Hospital, Chembur, launches advanced laser system for precise and bladeless corneal surgery, Renowned actress Saiee Manjrekar inaugurates the state-of-the-art WaveLight FS200 Femtosecond Laser System - DAM Capital Advisors Limited announced its initial public offering (IPO) to open on Thursday, December 19, 2024 Sets Price Band fixed at ₹ 269/- per equity share to ₹ 283/- per equity share of the face value of ₹2 each - TRANSRAIL LIGHTING LIMITED ANNOUNCED ITS INITIAL PUBLIC OFFERING (IPO) TO OPEN ON THURSDAY, DECEMBER 19, 2024 Sets Price Band has been fixed at ₹ 410.00 to ₹ 432.00 per equity share, of face value ₹2 each

CREDAI National Year-End Quote on the Real Estate Sector

Mumbai, 16th December 2020 (GNI): “The real estate sector in India has been facing headwinds  from  past few years. The situation became tougher owing  to the COVID-19 situation across the globe. The uncertainty has brought the world to a standstill and India is no exception to it. The global economic slowdown had a negative impact on real estate demand in the country this year. Construction activities were brought to a sudden halt in the first quarter (Apr – Jun) due to the COVID 19 induced lockdown and the uncertainty over jobs and livelihoods robbed the market of its potential buyer-base leading to near zero demand. Post lockdown sales trajectory gives some hope, but is yet to touch pre-covid levels in most cities across the country.

The Government of India has  announced relief measures to aid businesses sail through these challenging times be it the loan moratorium, lowering of repo rate resulting in lower interest rates for home loans, approval of projects of Rs  12,079 crores under SWAMIH fund and so on. The one time loan recast has kept almost 95% of the developers out of its ambit due to Standard Account criteria while ECLGS Scheme and increase of safe harbor limit from 10% to 20% in the circle rate and selling price are welcome steps.  There are indicators that point towards recovery in the sector, at a less than desired pace. However, the steps announced by the GOI and RBI  mitigate the COVID-19 impact to  a certain extent and do not address the prolonged problems of the  realty sector which has been ailing due to  the challenges created by an array of factors over the past few years. The Government approach to the issues faced by RE sector needs to be balanced both on demand and supply fronts”, stated in the press release.ends

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