Migration of labour has further compounded problems for builders, who expect it will require 2-3 months to mobilise workforce once lockdown is lifted. Even half-complete projects would be difficult to finish by December this year. Over 68,000 houses, that were to be delivered to buyers in 2020 in the Delhi-National Capital Region (NCR) are unlikely […]
The residential real estate sector is poised for a strong comeback as affordability is at the best, says Mohit Malhotra, Managing Director & Chief Executive Officer, Godrej Properties. Speaking to ET Now, he said, “once the economy comes back we will see a very sharp recovery in the residential real estate sector. because affordability is at […]
The approved projects include real estate projects of developers including DLF and M3M, along with some infrastructure projects. The Gurugram Metropolitan Development Authority (GMDA) has approved 25 projects for immediately restarting construction activity, with strict instructions to the builders to maintain social distancing norms during work. Developers are free to start construction at 45 sites […]
