Coronavirus Outbreak: Cement demand to fall sharply this fiscal, says Crisil; could hit slowing realty sector further
4 years, 9 months ago

Coronavirus Outbreak: Cement demand to fall sharply this fiscal, says Crisil; could hit slowing realty sector further

Firstpost  

The cement demand in India would contract by an unprecedented 20-25 percent this fiscal if the country is unable to contain the pandemic by May The ongoing NBFC crisis had hit the real estate sector in India. Now, the cement demand in India is expected to fall sharply by 20-25 percent in the current fiscal year if the COVID-19 pandemic is not contained by May, and construction activities begin only in the second quarter, CRISIL said on Monday, according to PTI. Keeping a pessimistic approach, CRISIL said the cement demand in India would contract by an unprecedented 20-25 percent this fiscal if the country is unable to contain the pandemic by May. As government funds are diverted towards health and public welfare, its capex spends on all construction projects, which account for nearly 35-40 per cent of cement demand, will be significantly lower during the fiscal.

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History of this topic

Potential 'time bomb' for US economy looms as $1.5 trillion in real-estate mortgages will come due
1 year, 7 months ago

Potential 'time bomb' for US economy looms as $1.5 trillion in real-estate mortgages will come due

Daily Mail  

Some $1.5 trillion in real-estate mortgages will come due in the next two years - paving the way for a potential financial crisis as higher interest rates push down property values. The long answer is, 'hell yes,'' Senior Senate Banking Committee member John Kennedy said Monday of the looming commercial real estate crisis - an increasingly likely event that many …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 11 months ago

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News 18  

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2 years, 11 months ago

Want the best rental income?

The Hindu  

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2 years, 11 months ago

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The Hindu  

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What the pandemic has taught us
3 years ago

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The Hindu  

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Why real estate revival is pegged to economic recovery
3 years, 5 months ago

Why real estate revival is pegged to economic recovery

India Today  

If there was any hope of recovery for the real estate sector, it was set back by the second wave of Covid-19. According to a report by brokerage firm PropTiger, home sales in eight key real estate markets fell 16 per cent in the April-June quarter this year, compared to a year ago. Real estate consultant Anarock says that despite …

Housing market could still see major recession to come as coronavirus ravages economy
4 years, 5 months ago

Housing market could still see major recession to come as coronavirus ravages economy

ABC  

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Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says
4 years, 8 months ago

Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says

Firstpost  

New Delhi: The real estate industry sentiment plunged to an all-time low during January-March as stakeholders turned pessimistic, foreseeing an adverse impact of the Covid-19 pandemic on demand-supply and liquidity in the market, a survey showed. According to property consultant Knight Frank and industry bodies FICCI and NAREDCO, the real estate sector, which showed signs of revival during the October-December …

India's property prices face steep falls as coronavirus pandemic freezes real estate market
4 years, 9 months ago

India's property prices face steep falls as coronavirus pandemic freezes real estate market

Firstpost  

India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders Mumbai: India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses …

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