In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das today cut the repo rate by 40 basis points to 4% and also extended moratorium on all term loans by another 3 months. After the lockdown began, Das had slashed the benchmark interest rate…

The firm has decided to scale down or shut down adjacent businesses including cloud kitchen that are either going to be highly volatile or will not be highly relevant for the next 18 months. Online food delivery startup Swiggy has sought rent relief from Embassy Group for a property that houses its headquarters in Bengaluru. Swiggy, which saw a significant…

New Delhi, May 15, 2020: In a futuristic offering, which may redefine the concept of offices in the region particularly among startup community, Gaurs Group, one of the leading names in the real estate sector in the country today announced the launch of Studio Apartments cum Small Offices Project at Greater Noida West.  Aptly named…

For those scouting for commercial real estate deals in these COVID times, it is best to purchase completed leased assets where leases have a longer lock-in and where tenants have spent on fit-outs, say commercial real estate experts. “This makes them sticky and tenants tend to vacate these leases last, advises Kunal Moktan, the CEO…

Propstack will be offering the real estate industry in India the opportunity to capture commercial & residential properties in 3D with Matterport, so that clients can evaluate them virtually.  Matterport, the market leader for spatial data capture, has announced a collaboration with India-based leading technology and data company Propstack to provide a range of services including 3D…

New Delhi, May 18, 2020: The confederation of Indian Industry (CII) organized a virtual conference for the Indian Real Estate sector to discuss the challenges being faced by the sector post CoronaVirus outbreak and the way forward. The Panel discussions were divided into three sessions where various respectable names from the industry participated. Along With…

HSIIDC will bring in a new policy for allotment of these industrial plots on a “first come-first serve” basis.  Haryana State Industrial and Infrastructure Development Corporation will bring in a new policy for allotment of industrial plots on a leasehold basis in industrial estates in a bid to attract companies wanting to shift their manufacturing units from…

File photo CHENNAI: The Madras High Court on Thursday ordered notice to the Tamil Nadu government on a PIL from CPI-M seeking to restrain the authorities from converting slum clearance board apartments into COVID-19 isolation wards. A Special Bench of Justice MM Sundresh and Justice PT Asha also directed the Tamil Nadu Slum Clearance Board…