CREDAI-MCHI urges Maharashtra government to reduce stamp duty to 2% in Mumbai to revitalize housing demand amidst the COVID-19 pandemic, citing reduced sales and state revenue.
Naredco has urged developers to establish isolation facilities for Covid-impacted construction workers in Noida, Greater Noida, and Yamuna Expressway area.
Real estate developers are requesting loan restructuring, interest moratoriums, and more liquidity support from the RBI after their Covid relief package announcement.
India's second COVID-19 wave threatens real estate recovery, impacting office and housing markets. Experts predict varying effects on sales and demand.
UP-RERA suspends physical hearings from May 1st due to rising COVID-19 cases, shifting to virtual hearings via e-courts.
UPRERA extends project registration validity by three months due to the national lockdown. Deadlines for project completion and other statutory compliance are also extended.
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.
The finance ministry is considering waiving the 21-day national lockdown period from the bankruptcy resolution process due to COVID-19 outbreak, potentially extending it further.