Categories: LatestMarket

views by lawyer Ms Sonam Chandwani, Co-Founder and Managing Partner of KS Legal & Associates on government’s recent clauses in Real Estate

New Delhi, May 18, 2020: The government, to infuse growth into the country’s ailing real estate industry, permitted the invocation of Force Majeure clause during the COVID-19 period, along with an extension of registration and completion date suo-moto by 6 months for all registered real estate projects expiring on March 25, 2020. While this move may not completely salvage the industry from the economic shocks that it is in, they are likely to provide flexibility and ammunition to the real estate industry to survive and take on the larger battles that lie ahead as consumer buying power will be severely hit by the pandemic with real estate falling low in their priority list.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

16 hours ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

16 hours ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

2 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

2 days ago

Studio Apartments: Smart Investment Choice for Buyers

Considered as hot investment opportunity for the real estate enthusiasts, Studio apartments present several advantages…

4 days ago

Rethinking Urban Spaces: The Role of Mixed-Use Developments in City Planning

New Delhi, November 18, 2024: As Indian cities grapple with rapid urbanization, evolving lifestyles, and…

4 days ago