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Trending News During Lockdown

Real Estate Better Prepared Now, Impact Of 2nd Wave Of Covid May Be Limited, Say Developers

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  © Provided by The Financial Express The pandemic, however, has made one thing clear that it is time to plan for the short term instead of the long term because of uncertainty in the market. The second wave of Covid-19 has been more devastating than the first, with severe repercussions on the healthcare system all around. To curtail cases, there have been localized lockdowns across most of the top cities and this has affected site visits and, therefore, housing sales. Unlike earlier, people are wary of going out at the current time, and home buyers are therefore in a wait-and-watch mode. Most developers too have become cautious and are deferring new launches. "Sales data for the April-June quarter is not yet in; however, we see that from April till date, there is a more than 50% decline in housing project sales in the top 7 cities against the previous quarter. This is especially true for MMR, Pune, NCR, and Bengaluru. Housing sales in Q2 2021 may reduce by as much as 55% against

Barriers To Enter Commercial Real Estate Investing: Too High?

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There's a reason most real estate investors get their start in residential real estate: Its lower price point, ease of financing, and relatively simple management mean it's far more accessible for the everyday investor. While great money can be made in residential real estate, it's fairly common knowledge that commercial real estate (CRE) is where big real estate paydays happen. So why don't more jump into Commercial Real Estate to begin with? It's expensive. Commercial Real Estate is an asset class often reserved for accredited investors who have the experience and money to back purchases in the hundreds of thousands to millions of dollars at a time. But thankfully, investors no longer have to wait years to decades to build up a sizable enough portfolio to trade up. Instead, there are a number of ways everyday investors can participate in Commercial Real Estate for far less time, money, and effort. Breaking barriers to commercial real estate investing Real esta

How Do I Choose A Good Real Estate Agent?

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The right real estate agent can be the difference between a pleasant, successful real estate transaction and a nightmare. Even though you do not have to hand your agent a check for her services, you do pay for her efforts in a commission. Therefore, it is worth the time and the effort to find the right agent for you who will give you the service you need and deserve. Ask for referrals.  Friends, family, members of churches and social groups you are involved in, and your co-workers are good people to ask. Ask these people why they are recommending their choices to you. If an agent’s name keeps coming up or a person who was in a situation similar to yours is recommending a particular agent, you should check those agents out. Drive around where you live or in the area, you would like to move. You will begin to see multiple signs for the same agent. That real estate agent probably specializes in the area. He will be more knowledgeable about the market and availability in that area than oth

Disaster resilient infrastructure key to risk reduction in loss of life and property

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The cyclone season has just got unleashed in India. While India is yet to recover from Cyclone Tauktae, which has caused havoc on the west coast and killed more than 100 people, Cyclone Yaas is set to hit the east coast this week.  Early estimates project the loss due to Cyclone Tauktae at Rs 15,000 crore or about $2 billion, at least half from Gujarat and Daman & Diu, and the rest from Kerala, Maharashtra, Goa, and Karnataka. The estimates include up to 40% loss from agriculture, up to 20% each from transportation, and power, and telecom, according to RMSI, a risk management consultancy. It would take some time before the final figures about the loss of life and property are arrived at. Tropical cyclones like Tauktae are fast rotating storms marked by strong winds and thunderstorms, leading to heavy rains. Last year’s severe tropical cyclones, too, inflicted heavy damage in the country. Severe cyclonic storm Nivar hit Andhra Pradesh, Puducherry, and Tamil Nadu in November 2020, co

Sustained investor’s interest to keep commercial real estate resilient in 2021

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                                                                      © Provided by The Financial Express During the first quarter, institutional investments in Indian real estate went up by 21% and a JLL report confirms sustained investor interest in India’s realty market. India's real estate segment has remained resilient during the pandemic period. Buoyed by conducive government policies, central bank support, stricter regulations, tax reliefs, stamp duty reductions, and easy investment opportunities, the year 2020 ended on a high note as the market reflected signs of recovery from the lockdown impact with a boost in consumer confidence.  The growth continued in the first quarter of FY 2021 with ease in movement restrictions and increased economic activities. No doubt, the second wave has imbued the sector with uncertainty and delay in decision making but the pause will be temporary and growth in investments will break the inertia soon. The early 2021 reports are reflecting grow

Invested In Commercial Real Estate During COVID-19? - 5 Key Questions Answered

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There are many questions circulating within the commercial real estate investment landscape as the COVID-19 crisis unfolds.  Will the market return to normal soon?  When will rents be collected?  Am I going to lose my investment? I’ve gathered some of the most common questions I’ve been asked and have provided answers that will help guide you through the next 90 days. If I have money tied up in real estate investments, can I tap into the equity to pay bills and my mortgage? It depends. If you have buildings that have not been critically impacted or if you have properties that are low leveraged, you may be able to tap some of that equity. The challenge now is that the lending market for borrowers is uncertain. There’s money available, but the terms can be prohibitive. For example, some lenders are requiring additional reserves to cover six to 12 months of mortgage payments. Other lenders are prohibiting cash-out loans. For some owners, a line of credit may be the best option. Additional

13 Tips For Real Estate Investors Crafting An Exit Strategy

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Real estate investors know that not every purchase they make is going to be a win. In a few cases, you'll end up with a dud, where a property that looked good at first ends up being more trouble than it’s worth once you’ve bought it. This is why no investor should go into a property purchase agreement without having at least one clear exit strategy defined. To help avoid a bad purchase before it’s too late, 13 experts from Forbes Real Estate Council share critical steps all real estate investors should consider to craft their exit strategy from the moment they start scoping a property out. Members of Forbes Real Estate Council offer advice on developing an exit strategy before investing in a property. 1. Understand The Current Financials It's important to understand the current financials of the property. From this you can model a multiyear pro forma focusing on the value enhancements you plan for the property. Based on that model, you can project a valuation for the prope

Fresh COVID Curbs To Hit Housing Sales; Digital Channel Key, Say Experts

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New Delhi, Apr 19 (PTI) Housing sales are likely to be affected in the short-term due to fresh restrictions imposed in many states to control the current wave of the COVID-19 pandemic, industry players said, but hoped that digital platforms will limit the impact. The real estate industry was hoping housing sales in the current calendar year will reach the 2019 levels, driven by a gradual recovery in demand from July 2020 onwards, they said. However, the current wave of COVID-19 and lockdowns/curfews imposed by the state government will definitely put a brake on this recovery process, according to industry experts. Omaxe Chandni Chowk  To Be The First Mall In Delhi-NCR To Have Centralised Air Filtration System - Read Full News 'The first quarter this year has witnessed a robust 44 per cent growth as per the Knight Frank report, but the recent surge in COVID-19 cases and associated panic most likely will have a short-term effect on the recovery in the real estate sector as we are be

Omaxe Chandni Chowk Delhi

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Omaxe Chandni Chowk To Be The First Mall In Delhi-NCR To Have Centralised Air Filtration System Omaxe Chandni Chowk Delhi According to the company, Honeywell Electronic Air Cleaners (EAC) are MERV grade and work very effectively in combating PM 2.5 levels. In view of the alarming air quality in Delhi recording an average AQI (Air Quality Index) of 250, Omaxe Chowk -a multi-level parking cum Commercial project in Chandni Chowk -will endeavor to maintain the AQI level below 50, which is considered in Good range. To achieve the same, Omaxe has signed an MoU with Honeywell Automation India Limited for the supply and installation of air purification systems at Omaxe Chowk, thereby becoming the first mall in Delhi-NCR to have a centralized air filtration system. The MoU was signed between Omaxe Heritage Pvt Ltd (100% subsidiary of Omaxe Ltd) and Honeywell Automation India Limited. HAIL is a leader in providing integrated automation and software solutions with a pan-India presence. Accordin