National

Daily News Tracking Report

Wednesday, April 14, 2021

CREDAI NEWS
Realty firms give workers jabs, food, and shelter to prevent
reverse migration
https://www.moneycontrol.com/news/business/real-estate/realty-
firms-give-workers-jabs-food-shelter-to-prevent-reverse-migration-
6764861.html

Real estate developers are helping workers with vaccination, food and
shelter, and have asked the government to make all construction
labourers eligible for the jab to ensure that the pandemic does not
disrupt the sector that is India’s biggest employer after agriculture.
Developers want to make sure that migrant workers do not return
home because of the pandemic, which has resurged with more than 1.5
lakh cases a day. Prospects of a total lockdown have triggered fears of
another mass exodus of migrant workers. They are worried because
after last year’s lockdown, 70 percent of migrant workers had returned
home of which almost half have returned to their work sites, the
Construction Workers Federation of India has estimated.
INDUSTRY NEWS
How NRIs can better take care of real estate holdings in India
https://economictimes.indiatimes.com/nri/invest/how-nris-can-better-
take-care-of-real-estate-holdings-in-india/articleshow/82043315.cms

NRIs often maintain and support a full-spectrum portfolio across all

asset classes i.e. shares, mutual funds, FDs, real estate. Along the lines
of Wealth Advisors, one can also access duly qualified professional
advisors for the full range of property services & advice. A property is
not only a high ticket purchase, but also requires regular care &
maintenance. NRIs are most familiar with this phenomenon. Ever so
often, our overseas brethren rely on their resident friends & families for
advice and execution around major items : purchase, sale,
maintenance, tenant search & so on.

Uttar Pradesh RERA lest builder complete project with

homebuyer’s help
https://www.livemint.com/news/india/uttar-pradesh-rera-lets-builder-
complete-project-with-homebuyers-help-11618309079511.html

The Uttar Pradesh Real Estate Regulatory Authority has allowed ASGI
Properties Pvt Ltd and ASG Apple 7 Buyers Association to jointly
complete the Apple 7 project in Ghazaibad under the RERA Act. The
completion date of the Apple 7 project was 22 May 2018 and the
association of homebuyers had approached the authority to intervene
and facilitate the completion of the project. The developer of the
project submitted the consent of 56 out of 105 allottees to complete
the remaining work of the project.
How pandemic has given rise to more digitally equipped real
estate industry
https://www.nationalheraldindia.com/lifestyle/how-pandemic-has-
given-rise-to-more-digitally-equipped-real-estate-industry

Technology has consistently been opening ways to more up-to-date

openings and improving life for us. It has broken boundaries and aided
us in re-imagining the world by making life simpler and helpful, quicker
and adaptable from numerous points of view. Nowhere its impact can
be viewed as clearly as with regards to the current situation. It is clear
at this point that the COVID-19 pandemic has drastically changed our
ways of living and working. Right from workplaces, homes to open air
spaces, each spot has been affected by it. Each area of the economy,
including the previously sound realty area, has been hit hard by the
pandemic. As new patterns arise, the realty market is good to go to
change in a post-COVID world. The interest and supply elements will
develop and change.

Maharashtra: How MSMEs in India’s economic hub are left

Covid-ravaged even as they stare at worst phase now
https://www.financialexpress.com/industry/sme/msme-eodb-
maharashtra-how-msmes-in-indias-economic-hub-are-left-covid-
ravaged-even-as-they-stare-at-worst-phase-now/2232235/

Even as the country on Tuesday celebrated Gudi Padwa, which marks

the beginning of the Marathi New Year, micro and small enterprises
(MSEs) in Maharashtra continue to reel under the impact of the Covid-
induced lockdown and post-lockdown phase. Enterprises are now
looking at a longer road to recovery despite a year after the pandemic
struck.
The country’s economic powerhouse Maharashtra, which has the
fourth-highest concentration of small businesses in the country with an
8 per cent share of India’s 6.3 crore MSME base, is yet to see a
complete turnaround of small businesses that have been falling short of
their production targets due to shortage of manpower, capital, and
broken supply chain, according to experts Financial Express Online
spoke to.

India’s warehousing boom is creating winners in unexpected

corners
https://www.livemint.com/news/india/ripple-effects-of-the-
warehousing-boom-11618329366932.html

About 7,000 live in Patherheri; nearly 400 of them work in the logistics
sector, Kumar estimates. Like Kumar, many of them transitioned from
odd jobs or farm work. In the warehousing sector , bottom-of- the-
pyramid workers today earn between ₹10,000 and ₹15,000 a month.
Not everyone is a permanent employee—the industry employs
thousands of gig workers during peak seasons. Nevertheless, the
warehousing boom has driven up collective incomes, and along with it,
the local economy.

NBFC’s Q4 show may be good but investors should focus on

outlook
https://www.livemint.com/market/mark-to-market/nbfcs-q4-show-
may-be-good-but-investors-should-focus-on-outlook-
11618334027974.html

When India’s non-bank lenders begin to detail their performance for

the March quarter, investors are expecting a stronger end to a
tumultuous FY21. In all probability, key profitability metrics will show
strength but the devil may lie in the details.
Most non-banking financial companies (NBFCs) may report healthy
sequential growth in loan disbursements, continuing with the steady
improvement since the weak first quarter. Pent-up demand and the
festival momentum in consumption may have helped lenders witness
healthy growth.

Indian metals and ferro alloys bullish on spike in ferro chrome

prices
https://www.thehindubusinessline.com/markets/commodities/indian-
metals-ferro-alloys-bullish-on-spike-in-ferro-chrome-
prices/article34310930.ece?homepage=true

Indian Metals & Ferro Alloys Ltd (IMFA) expects a surge in profitability
in the fourth quarter of FY21 and the first quarter of the current
financial year due a spike in ferro chrome prices. The Odisha-based
₹1,600-crore ferro chrome manufacturer’s profits increased by nearly
seven times during the third quarter ended December 31, 2020 at ₹32
crore compared with ₹4 crore in the same period last year following a
steady rise in ferro chrome prices.

Prepared by
PR Team CREDAI National