India Increase Returns Office for Life Increase COVID-19 Lockdown

The Ministry of Home Affairs has circulated new guidelines for Work From Office (WHO), making social distinction mandatory in the fields. Businesses prepare to work with the new normal.

India Increase will need to reorganize most of its office locations once the lockdown is dealt with large-scale behavior and physical relocation on the card.

Businesses set to follow social disturbances, implement shift-based work, go virtual with meetings, upgrade frequent cleaning systems and redefine offices for provision of hand sanitize, biometric removal.

Many companies are integrating new norms with better employee safety as their focus. Optimizing the use of office space is no longer a mandate.

A roster-based system of attendance, scattered mealtimes, ample space between workspaces, no gathering in common areas. Some companies are going to the extent of not allowing outside visitors as possible within the office premises.

Some companies are offering real-time guidance to employees as the COVID-19 situation continues to develop in India. Only a few employees, who perform essential services, remain on site in our offices. Most companies are of the opinion that they will only call employees working on important projects and the rest of the employees may continue to work from home for a few more weeks in the interest of safety.

STAY HOME, STAY SAFE, STAY ALIVE

Importance of self-care during lockdown

The COVID-19 epidemic is nothing we are used to dealing with. There is so much fear, uncertainty, stress and more from the rolling lockdown, social distancing, working from home, losing a job, a failing economy that we are all going through.

 

In times like these, self-care is most important. Self-care can be defined as any activity that we do intentionally to take care of our mental, emotional and physical health. Self-care helps reduce stress, anxiety and illnesses, as well as helps in building better relationships with us and those around us.

  

      Ideas on starting your own self-care routine    

      The first thing is that everyone's self-care process and routine is unique, there is no one-size-fits-all option that you can blindly follow. Explore as many options as possible and then follow what feels good to you. What you can keep in mind is:

• Self-care is an active option. You need to make time for this in your schedule and let others know about it if it makes it more real. Pay attention to what you do, why you do it and how it makes you feel.
•  Try to follow a healthy, balanced diet.
•  Do things that help you get enough sleep. You need at least 7-8 hours of good, quality sleep each night.
•  Try to follow a healthy, balanced diet.
•  Take care of your health, go for regular check-ups, do not self-medicate and ignore the signs that your body sends you.
•  Learn to relax, meditate, try some relaxation exercises anytime that you find too stressful.
•  Connect or reconnect with your loved ones, enjoy spending time with them.
•  Do something every day that relaxes you and improves your mood. This can be anything from gardening to walking, cooking, playing with your pets. Spend at least 30 minutes doing this.
•  Look for opportunities to laugh, the best way is to arrange a call and talk with your friends and family. 
•  Stress-eat or not eat when you are emotional.
•  Start a magazine to keep track of your achievements and happiness.
•  Read or watch something that inspires or excites you.
•  Try your best to help our struggling community. Contribute time, money, or resources to those suffering around you.
•  Do something creative, draw, write, paint, play an instrument.
•  Take a long bath, this will help you relax, and give me some time.
•  Make your place more your own. Get rid of junk and do not hoard. Surround yourself with things that make you happy and keep you relaxed. Clutter is not well, so do regular cleaning.
•  From using face packs to body scrubs or massaging your nails, indulge in self-care. Do something that makes you happy and that helps you look and feel better.
•  This lockdown can mean a lot of things to us, but focus on how we can make the best use of this time. It is important to be happy and stay healthy, so if you never believe in self-care, this is the time to start.

Why real estate should be good to investment in this lockdown

Fight continues in the world due to the outbreak of COVID-19. To further maintain the risk from snowballing, the Indian government has indicated to fully affect the lockdown. As a result, nowadays, most of us are working from home. Outside life has come to a grinding halt. No matter how uncomfortable it sounds, it is probably the only way to prevent perennial corona viruses from spreading further.

Although our daily routines have been affected, this does not mean that people should lock themselves inside their homes, stop all their plans and only watch worrying news on TV about this threat. These are some of the best times when one can spend time with family, do various hobbies and introspection. The current situation is an ideal time to think about investing in sources of passive income. Eventually, some of the best opportunities emerge from a crisis.

Zoning on various options can be seen in various options like term plans, stock market and real estate. While every investment option has its pros and cons, as of now, when the stock market is recessionary and the banking sector is in a tailspin, real estate can be a great asset to place bets on. If anyone wants to do it risk-free yet, makes a commendable return, with many residential and commercial real estate options available.

Full of attractive offers: Recognizing this opportunity, developers are coming up with many attractive offers. Property prices have already corrected in the last few quarters. After COVID, many developers are offering further discounts and attractive offers to maintain their financial books. There are projects where one now needs to pay 5% to book a property. The remaining payments will start after 60 days. By that time, it is expected that the crisis will mostly end.

However, such plans are a fleeting event that developers are launching to boost sentiment. Prices have already come down and once the situation returns to normal, such attractive schemes will also be lost. Therefore, this may be the best time to buy real estate. It should not be surprising if one gets ready-to-use assets for a price equal to a new launch.

Higher yields: Real estate can offer risk-thrilling competitive returns. Although residential real estate has been stable in recent years, commercial real estate has been issuing attractive returns. A commercial property in a prime location can easily give an average annual appreciation of around 7-10%. At a time when share prices and financial markets are volatile, such a comeback can be a game-changer.

Concurrent Rental Income: Real estate can provide continuous income in the form of monthly rent. The rental component always makes real estate a very unique proposition for investing. A quality commercial property can provide returns of around 5-8%. Similarly, residential projects can give returns of around 2-3%. Therefore, this is the right time to capitalize on those possibilities.

Increased liquidity: This is a good time to invest in real estate because home loan is going to be cheaper. RBI has recently cut the repo rate by 75 basis points. The rate drop is a welcome move for the industry. In a short period of time, as a calibrated response to the reduction in repo rates, most banks will also reduce their home loan rates.

Feasible Hard Asset: The biggest advantage of real estate is that it is a tangible asset. At a time when there is too much risk investing in paper money, real estate is a safer and safer asset for betting.

Real estate is a separate asset class that can ensure appreciable ROI, hedge against income and provide recurring income in the form of rental yields. However, it has its drawbacks, as a real estate asset will take at least 2-3 months. Nevertheless, investment in real estate is always made keeping in mind the medium to long term perspective. A short-term perspective can be counter intuitive.

So in these times of social distinction, do not just shut yourself down. Use isolation downtime, do some in-depth research, learn about the various sources of passive income and make the most of this time to make meaningful investments.

STAY HOME, STAY SAFE, STAY ALIVE

SUGANTA REALTY SERVICES LLP

Impact on Indian Housing Market due to COVID-19

Corona virus proliferation has further delayed a recovery that may be due to measures launched to revive various government demands, however, it does not appear that prices will fall immediately. Niranjan Hiranandani, national president, NAREDCO, says that "reviving Indian realty is the second largest employment generator, not only from the point of view of GDP growth, but also for job creation as the multiplier effect of more than 250 affiliated industries in the region is.

Recently, the Center announced more tax breaks and lower interest rates on home loans to make purchases more attractive, besides setting up Rs 25,000 crore stress fund for speculation.

He called for a slowdown in the residential segment, which has already stalled housing sales, project launches and price increases in India's residential realty sector, which is under pressure due to mega regulatory changes due to Real Estate Regulatory Authority (RERA), Goods and Services Tax (GST), Demonetization and Benami Property Law.

According to rating agency ICRA, the epidemic, if not soon included, will not only significantly affect the economy, but will adversely affect the cash flow and project delivery capabilities of developers.

"Although in the case of a prolonged outbreak, the impact on overall economic activity is likely to be deeper and more sustained, resulting in a more significant impact on developer cash flow and project execution capabilities, leading to a wider credit negative impact." ICRA said in a recent note that the three-month deferment announced by the RBI on loan on March 28 would provide some comfort to the builders.

“The injected liquidity of Rs 3.74 lakh crore (by RBI) with a three-month moratorium on all loans by financial institutions will ease short-term liquidity concerns and help developers as well as homebuyers. It is a great relief for developers and buyers to help ease the challenges they currently face,” says Ramesh Nair, CEO and Country Head of JLL India.

Anticipating the delay in completion of the project and supporting the builder community, the Real Estate Regulatory Authority in Maharashtra has announced a 3-month extension in the completion deadline of the project.

Recall here that real estate developers in Mumbai, the state capital and India's financial nerve center, have the largest selling stock in the top nine markets.

“Due to the 21-day lockdown outbreak of COVID-19, both manufacturing and sales activity has come to a complete halt in the entire real estate sector. At many sites, construction workers have also moved back to their hometowns. Even after the lockdown, the activity will only recommend slowly, which will cause project delays anywhere between at least 4 to 6 months,” said Sharad Mittal, CEO and head, Motilal Oswal Real Estate Funds. Welcoming the announcement of Maharera, Mittal said that although it cannot fully compensate the sector with actual project delays that are likely to be direct, 'it is certainly a decision in the right direction, to support real estate developers and the region. Overall in this global crisis.

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COVID-19 Impact: Extends the full timeframe of MahaRERA projects by 3 months

Mumbai: Maharashtra Real Estate Regulatory Authority (MahaRERA) has extended the validity of registration of projects for which completion date, revised completion date and extended completion date is expiring on or after March 15, 2020.

With this, realty developers will get a three-month extension to complete their projects. Developers are asking for time to complete the project and the exemption from penalty fees can be extended for up to one year.

The authority has extended the date after considering the government declared Covid-19 pandemic, lockdown, its impact on material procurement and construction stagnation.

It has also extended the deadline for all statutory compliance as per the Real Estate (Regulation and Development) Act, 2016 which were in force from March, April and May to June 30, 2020.

Since mid-March, the Maharashtra government has announced a controlled lockdown as a precaution in a way that a partial workforce has been able to participate in work and construction sites in the state.

From 24 March, a complete lockdown was declared for 21 days across the country, allowing only the operation of essential services. In view of these partial lockdowns and recently completed lockdowns, construction work has been affected in MahaRERA registered projects.

“Due to the aforesaid lockdown, the supply chain to obtain construction material was disrupted and the labor force moved back to their home states. Due to these circumstances, real estate projects across Maharashtra will take some time to resume work,” the authority said in a statement.

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