Insights

While we laud the RBI gesture for giving a moratorium of 3 months in paying EMIs (for a retail loan like home loan etc) in lieu of the corona pandemic which seems to be scary looks in eyes of job losses and salary cuts it may be WISE to keep paying your home loan EMIs for the aftereffect of the moratorium period is probably scarier and stressful If a 3-month moratorium in paying EMI is availed by the customer from the bank the bank will perhaps give 3 options to choose from: –

If you dig down into detail you will also be updated about the socio-economic devastation that the pandemic has caused and is causing with every passing day. We do not know how many people will directly or indirectly lose their lives because of the coronavirus nor do we know the extent of economic damage that will be induced into different industry segments which will compound the overall depression to the country’s economy. The reason being the decease is far from being contained forget it being over.   So, what do we do? Do we keep waiting for the disease to be contained so that we can measure the physical and economic damage and then formulate a strategy or the path to recovery? or we start taking calculated measures so as to keep the economy afloat.

I am not travelling 20-30-40—–km away from the city to live – given a choice: I am sure none of us wants a HOME away from the city centre even if there is a paradise in making …. The city centre with all the hustle-bustle of life with malls and restaurants and recreation zones and hotels and much-needed hospitals and schools and takeaways and finally OUR WORK ZONES OUR OFFICES all are stationed in the city centre or CBD: Central Business District as it is globally labelled. We all want to live at a stone’s throw away distance from the city centre provided we can afford it. However, the cost constraints us to move away from the city centre and we start searching our roof at an affordable zone even if we have to travel distance.

The RBI has already injected about 4.75 Lac crore of liquidity in the system and banks are flush with funds. This is also visible from the fact that the banks are depositing close to 6.9 Lac crore of liquid money with RBI. The reduction of the reverse repo rate is a super step to motivate banks to lend to markets to fuel economy

TIME ADHERENCE whether it is in planning or executing the policy framework, zoning or setting up of physical and social infrastructure is of utmost importance. Minimum compliances and Single window clearance are a must for the Developer. The developer plays a major role in creating physical infrastructure, setting up the industry – business and finally social infrastructure of which housing is an essential element

In one of the finance conferences, I was running an introduction to my finance team & its functions. I decided to take note of expectations from finance from all functional leaders – some came up with expectations of partnership, vendor delight, fund flow optimization, excellent operational planning, tax optimization and one of the unique expectations came as a function which demonstrates clock building and not limited to time telling.

We have examples of businesses who adapted & adopted the new ways of working and made fortunes even in these unprecedented times. Similarly, for the real estate sector, the market size is huge and one needs to be innovative enough to find ways & means to achieve the goals. So, find New Users for the existing products & New Usage for the existing customer and ‘reposition’ the offerings in the mind of the prospective customer. For effective sales, this is the best time to Innovate your product offerings, Channel Strategy and Go-to-Consumer Models to become a truly Customer-Centric-Company.

Construction site safety is one of the most overlooked things during a construction project. In most workplaces, accidents are a nuisance for the worker. However, at construction sites, accidents have the potential to be life-threatening. With every new story about environmental disasters, earth-shattering explosions, and trapped laborers, construction sites become less and less appealing — even as the population grows and demands more, updated structures increases.