The RBI's three-month moratorium on home loan repayments aims to alleviate financial burdens for homebuyers amidst COVID-19, aiding economic stability and liquidity for developers.
Godrej Properties has acquired Ceear Life Spaces (CLPL) making it a wholly owned subsidiary. The acquisition aims to develop land in Thane. Operations are affected by COVID-19.
ICRA forecasts that the coronavirus outbreak may create negative economic dynamics, which could reduce real estate company revenues and construction capacities. This could increase credit pressures.