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The surge in Covid-19 cases and stress in the real estate and shadow lending sectors have combined to drive prices down, experts say

Realtors expect improved housing demand on 'Akshaya Tritiya' amid Covid woes ​ By IANS | Published on ​ Tue, May 11 2021 12:18 IST | ​ 7 Views Work from home impacts real estate and housing choices.. Image Source: IANS News New Delhi, May 11 : At a time when the severe second wave of Covid-19 and lockdowns have halted economic activities, developers expect that the traditional housing demand during 'Akshaya Tritiya' would somewhat lift the spirits in the market and improve sales. The occasion is considered to be auspicious for buying homes. Niranjan Hiranandani, President, National...

SHARE Gaurang Mehta, who owns a restaurant on the outskirts of Mumbai, is worried about the future of his business. Things were just starting to pick up after it was hit hard by nationwide lockdown restrictions in India last year. It therefore came as a huge shock to him and many other business owners when the local government imposed fresh curbs this month amid a record surge in Covid-19 infections. These include only allowing restaurants in the state to offer deliveries. “I won't be able to pay the rent and I won't be able to pay salaries,” says Mr Mehta. “Our problems will only incre...

Axis Ecorp to invest Rs 250 crore in developing serviced holiday homes in Goa and Siliguri Share Synopsis “We have close to 22-acre land in Goa. Located in proximity with upcoming airport, the project has attracted interest from investors, especially those living outside India. With the covid, HNIs are looking forward holiday home and second home,” said Aditya Kushwaha, CEO and Director Axis Ecorp. ET Bureau Realty developer Axis Ecorp said it will invest Rs 250 crore in premium developments in the holiday homes and secondary housing segment in Goa and Siliguri. The company intends to op...

Cheaper mortgages, lower stamp duties and sweetened deals from developers are helping the sector to recover from the pandemic-induced slump