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Realtors extends support to fight COVID – 19; express gratitude to Corona Warriors

New Delhi, March 25, 2020: As the country is braced up to beat the outbreak of COVID – 19, they have actually created a history by becoming a part of India’s first – ever social mission of self- governance to save fellow beings. Many of Mumbai’s top realtors equally stood up with it’s people in this hour of crisis.

Seldom in the history that the city is seeing its roads empty, the markets deserted and the public transport almost at a halt, the city and many corporates are showing solidarity to a ‘common will’ to curb the further spread of a deadly corona virus.

In response to the appeal by the Prime Minister Shri Narendra Modi to extend gratitude to the real ‘Corona Warriors’ who are fighting and helping people for their safety, various realtors and their honchos expressed their heartfelt gratitude  towards Government officials, doctors, para-medical personnel, police, media, health and hygiene workers.

Many corporate have already took rapid measures to stop further spread of COVID – 19 and ensure safety of their people by allowing work-from-home and other steps of social distancing.

“Real estate, as a community, has always done its bit to contribute to the society in more ways than one. A lot of developers had very willingly & independently, much before the government restricted public gatherings, postponed their project launches and cancelled channel partner meets in the interest of the society. Majority of the Sales Offices have been shut down to avoid contact between the customers and sales personnel. A sizeable part of the construction staff has also been asked to stay home. We at, The Guardians Real Estate Advisory, put the well being of our employees before our business interests, and had therefore asked all our employees to work from home starting 17th of March 2020. Moreover, we are also, regularly briefing them on preventive measures to be taken while they are at home,” said Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory.

“We appreciate the Government’s measures in curbing this deadly pandemic. As a responsible corporate, Runwal Group too have taken utmost care and precautions and are also adhering to Government’s initiatives. All our employees have shown 100% solidarity with self-governance and are working from home. We have taken an important step to sanitize all our construction sites for the safety of our workers and have stopped all the work till further notice. We have postponed our Gudi Padwa launch and all our campaigns too. All our site offices will also remain closed. We will have to together support our Government in this time of distress,” said Mr. Subodh Runwal, Director, Runwal Group.

“Our support extends to the government’s initiative to join the movement and express gratitude to those who are working round the clock to keep the country safe and healthy amidst the pandemic. We too are taking necessary precautions as a responsible organization. Considering the festive mood for Gudi Padwa, we were going to launch a new project ‘Codename Amazon’ at Andheri East. Earlier there was to be a physical launch with channel partners and brokers but now due to the Covid-19 situation, we will be conducting a digital launch where we will accept requests from customers online. To avoid crowd gathering, we will give time slots to the customers once the impact of this virus settles down,” said Mr. Anuj Khetan, Director, Vijay Khetan Group.

“We at The Wadhwa Group  in the interest of safety of our employees and their family members have asked them to remain at home and avoid social interactions till further notice comes from concerned authorities & for customers looking to buy a home on ocaasion of Gudi Padwa we have opened the option of online buying where families can virtually interact with our team and chalk out their plans of finalising a property of their choice from our bouquet of offerings; they can also avail cashback on booking properties online. We have enhanced and made our processes very easy for our customers by providing online and WhatsApp assistance with the help of virtual site tours so that they can book their dream home with a hassle-free experience even when they are at home,” said Mr. Navin Makhija – Managing Director, The Wadhwa Group.

“We have supported Janta Curfew announced by government and thank people like doctors, medical personnel, essential and cleaning staff, for their service during the coronavirus outbreak. To support the government decision we have kept all our construction and sales sites closed along with our city and regional offices advising all Omkarites to stay at home,” Devang Varma, Promoter, Omkar Realtors & Developers said.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

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RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

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