Real Estate Sector Sees Long Term Initiatives, But Quick Fixes To Boost
The government-enforced lockdown has brought all economic activities to a jerking halt. The performance of the segment was muted owing to the prevailing liquidity crisis and subdued demands. The creation of the Rs 25, 000 crore fund and interest cuts did propel the industry towards recovery, to which beans were spilled by the pandemic. The structural […]
Can tenants stop paying rent due to the Covid-19 situation?
We are seeing a phenomenal circumstance, which not just has upset all our financial and hierarchical standards hereto, yet additionally has profoundly influenced our connections – both relational and social. In practically all the large urban communities where there is generally more convergence of vagrant workforce, stewing anxiety and discontent is unmistakable regarding the issue […]
COVID-19: Economic slowdown to worsen liquidity crunch for Indian realty
The dent in new launches, the increasing number of indefinitely-deferred projects, and the persisting slowdown aggravating at a steady pace depicts a gloomy picture for Indian realty. The reliance on hefty loans has already led to a credit crunch in the system with the measures taken by the RBI not helping as much as they […]
COVID-19: Are government measures sufficient for the real estate sector?
The Coronavirus crisis has jolted the very fabric of the Indian economy, once poised to be the world’s second-largest one. The resultant slowdown in the real estate sector, being the second largest job provider, is mercilessly affecting the fragile construction workers at the bottom rung. With the Coronavirus in the background, let us analyze the rehabilitative […]
Will Corporate Tenants Disappear In The Pandemic?
Stock market crashes, mass unemployment, and disruptions hinting a recession – are only the tip of the iceberg and its underlying repercussions are likely to unfold with time. The COVID-19 pandemic is adversely affecting commercial real estate (CRE) as it continues to wreak havoc in industries throughout the economy. For many years, the primary declining […]
Legal Aspects of Landlord-Tenant Disputes in Commercial Realty
Increasing unemployment levels, stock market crashes, and supply chain disruptions are only some of the effects of the COVID-19 outbreak. Many more underlying repercussions shall unfold over time. With most Indian businesses adversely affected owing to the nation-wide lockdown implemented by the Central Government to curb the spread of the virus, the Commercial Real Estate Sector (CRE) […]
The impact of COVID-19 on the landlord-tenant relationship
Sequoia Capital, a leading venture capital company, termed the novel Coronavirus as the ‘Black Swan of 2020’. Black swans are rare, and so is this virus. The pandemic has been spreading at an alarming rate, pushing economies to an unprecedented standstill, and placing a period on the rental incomes of landlords. In the wake of […]
COVID-19: The rising prominence of Force Majeure under RERA
The slow-balisation of world economies due to the COVID-19 outbreak has frozen funds, immobilized citizens and put a halt to the growth of several industries. The real estate sector has not been spared, owing to lack of labor availability due to vast numbers of the same migrating back to their hometowns, and declining asset prices, […]
How to deal with commercial and construction disputes due to COVID-19
Commercial disputes will be inevitable in the post-COVID-19 world. Sonam Chandwani, Managing Partner at KS Legal & Associates and head of its Corporate Litigation Practice, specialises in commercial structures, litigation and mergers & acquisitions. She details the best way to resolve any commercial disputes in the ‘new normal’: One of the unintended consequences of the stringent […]
Force Majeure invoked! What happens to real estate now?
The world is in a stasis with the Novel Coronavirus (COVID-19) infecting millions of people world over. Industries have come to a standstill and likewise, the land business is not saved either. Resources and incomes fall faster than expenditures in a crisis. The slow-balisation of economies under COVID-19 pretext has immobilized citizens, frozen funds, thus […]