Lawyers redraft rental agreements with new 'lockdown' clause
June 18, 2020: Property owners have started to insert a lockdown clause in new agreements with tenants following disputes over payment of rent for the lockdown period. The period has been quite disruptive for all parties involved and the clause is a safety net or a clarity net for...
Updated on June 23, 2025
Virtual tours and online launches gain traction in real estate sector
June 17, 2020: Video walkthroughs, online inspection and e-launches are increasingly gaining popularity among real estate firms and startups looking to push residential sales amid the Covid-19 crisis. Now that physical property visits for buying homes is not possible in the current...
Updated on June 23, 2025
SC Asks RBI, Finance Ministry Officials to take Decision on EMI Interests During Moratorium Period
June 12, 2020: The Supreme Court on Friday urged the Finance Ministry and the Reserve Bank of India (RBI) officials to organize a joint meeting within three days to decide whether interest on EMIs during the six-month moratorium period should be charged by banks or not....
Updated on June 23, 2025
Homebuyers’ body to PM: Restrict project extension to lockdown period
June 10, 2020: The Forum for People’s Collective Efforts (FPCE), a forum of homebuyers, has requested Prime Minister Narendra Modi’s mediation for the centre’s advisory on extension of project completion by builders and has requested it to be limited to only the actual lockdown period. It has also requested for...
Updated on June 23, 2025
The Recovery Plan For Realty Marketplace After COVID
June 9, 2020: Indian realty has undergone multiple transitions in the past 5 years, but none of those had been as disruptive as the current COVID-19 crisis. The ensuing lockdown has resulted in a significant slowdown in sales of new units while the paused construction work has further delayed the...