22
24-Mar-2020

24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

  • Upload
    others

  • View
    0

  • Download
    0

Embed Size (px)

Citation preview

Page 1: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

24-Mar-2020

Page 2: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

CREDAI Bengal Daily News Update | 24.03.20

Issued in Public Interest

Page 3: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are
Page 4: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

https://www.credaibengalhomes.com/developers/login/

Page 5: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Sebi comes out with guidelines for encumbrance on REITs, InvITs

In view of developments surrounding the spread of COVID-19, "a need for temporary

relaxation in compliance requirements for REIT and InvIT is warranted", it added.

Markets regulator Sebi on Monday put in place a framework for invocation as well as

encumbrance on units of real estate and infrastructure investment trusts. In a separate circular,

Sebi has also extended the regulatory due date for filing and compliance for real estate

investment trusts (REITs) and infrastructure investment trusts (InVITs) for the financial year

ending March 31, by one month over and above the timeline in the wake

of coronavirus pandemic.

In view of developments surrounding the spread of COVID-19, "a need for temporary

relaxation in compliance requirements for REIT and InvIT is warranted", it added.

With regard to encumbrance, Sebi said entities required to hold units of REITs and InvITs may

create encumbrance on such units during the mandatory holding period wherein encumbrance

will include pledge, lien, negative lien, non-disposal undertaking or any other covenant,

transaction, condition or arrangement in the nature of encumbrance.

This is subject to the conditions that for creation and invocation of encumbrance are also

included in the agreement executed for the purpose of creation of such encumbrance,

the Securities and Exchange Board of India (Sebi) said in two circulars.

In respect of conditions for invocation during the mandatory holding period, Sebi said such

encumbrance will not be permitted to be invoked during the holding period unless the person

invoking the encumbrance - directly or through any trustee or agent acting in his behalf - will

get itself or its nominee to become re-designated sponsor.

This condition will not be applicable in case the person invoking such encumbrance is already a

member of sponsor group.

With respect of obligations of entity creating encumbrance, Sebi said sponsor and sponsor

group creating encumbrance on units held by them, will have to provide details of the

encumbrance to the manager of the REIT or InvIT within two working days from the date of

creation of such encumbrance in a specified format.

In case of any change in the information pursuant to release or invocation of encumbrance, or in

any other manner, need to be informed to the manager of the REIT or InvIT within two working

days from the date of such event.

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/regulatory/sebi-comes-out-with-

guidelines-for-encumbrance-on-reits-invits/74783452

Page 6: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

The REIT and InvIT within two working days from the receipt of details will have to disclose

such information to every stock exchange where units of such trusts are listed.

The markets watchdog had first notified REIT and InvIT Regulations in 2014, allowing setting

up and listing of such trusts which are popular in some advanced markets.

_______________________________________________________________

Page 7: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Realtors pin hope on festive season, may offer freebies

Builders and realtors have floated offers to lure prospective buyers hoping to lift buyers

sentiment amid a stagnant market.

Realtors are pinning hopes on the upcoming festive season to give an impetus to demand for

residential and commercial spaces, though coronavirus has played spoilsport for many

anticipating to clear stocks.

Builders and realtors have floated offers to lure prospective buyers hoping to lift buyers

sentiment amid a stagnant market. Realtors expect to finalise deals in the festive season starting

March 25 with Gudi Padwa and extending throughout Navratri.

Confederation of Real Estate Developers Association of India (CREDAI), Indore chapter

member Sandeep Shrivastav said, “It is an end-user market that would have grown but the virus

effect has weighed on the sentiment. The recovery will not be on the expected lines but

considering the auspicious period, deals will get finalized.”

The festive season from Gudi Padwa, Navratri and Akshaya Tritiya are considered to be

auspicious occasions for purchase while many realtors also introduce new projects.

Realtor Vipul Agrawal said, “We are anticipating a recovery in real estate and people on a wait-

and-watch mode will lock deals in the upcoming weeks. Many builders gave floated offers to

attract buyers.”

Many builders in the city are offering a component in property registration, free club

membership, cash discount and gifts among other items.

A few realtors said clearing unsold stocks in the present market will turn out to be difficult with

customers preferring ready to move in and immediate possessions in new construction.

Realtors pegged most unsold inventory in high range flats above Rs 60 lakh in the city but could

not ascertain the amount stuck in unsold.

Shrivastav said, “There are unsold stocks mostly in flats which is unlikely to clear so easily

because customers prefer new construction over old ones despite discounts. A value of the

unsold cannot be gauged because there is no register where sold or unsold products of all

builders are maintained.”

Many builders expect plots to lead the growth in the festive season.

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/realtors-pin-hope-on-

festive-season-may-offer-freebies/74785176

Page 8: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

CREDAI member Vijay Gandhi said, “Plots are doing good business and as it gives the luxury

to design a home as desired by the buyer and also the rates in the city are quite competitive.”

________________________________________________________________

Page 9: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

On lending by banks to NBFC, HFCs to be part of priority sector in

FY'21: RBI

RBI said in a statement, after undertaking a review, it has been decided to extend the

priority sector classification for bank loans to NBFCs for on-lending for 2020-21,

The Reserve Bank on Monday said bank credit to registered NBFCs towards agriculture, MSEs

and housing sector up to prescribed limits will be treated as priority sector loans during the next

fiscal starting April. The move will help boost credit disbursement in the targeted segment like

agriculture, MSME and housing sector.

After undertaking a review, it has been decided to extend the priority sector classification for

bank loans to NBFCs for on-lending for 2020-21, RBI said in a statement.

Further, it said, the existing loans disbursed under the on-lending model will continue to be

classified under Priority Sector till the date of repayment/maturity.

"Bank credit to registered NBFCs (other than MFIs) and HFCs for on-lending will be allowed

up to an overall limit of five per cent of individual bank's total priority sector lending. Further,

banks shall compute the eligible portfolio under on-lending mechanism by averaging across

four quarters, to determine adherence to the prescribed cap," it said.

As per the revised norms, on-lending by NBFCs for 'term lending' component under agriculture

will be allowed up to Rs 10 lakh per borrower.

In case of micro and small enterprises (MSEs) the limit will be Rs 20 lakh per borrower.

In the housing sector, the limit has been enhanced from Rs 10 lakh to Rs 20 lakh per borrower

for classification of the loan as priority sector lending.

Under the revised on-lending model, banks can classify only the fresh loans sanctioned by

NBFCs out of bank borrowing.

However, loans given by housing finance companies under the existing on-lending guidelines

will continue to be classified under priority sector by banks.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/allied-industries/on-lending-by-

banks-to-nbfc-hfcs-to-be-part-of-priority-sector-in-fy21-rbi/74783613

Newspaper/Online ET Realty (online)

Page 10: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Real estate builders prepare to keep residents safe during lockdown

The developers who are managing the society are sanitising all entry points and closed

public areas including parks, gym, clubs and swimming pools. Since senior citizens are at

greater risk, developers operating the senior citizen apartments, are also taking extra

measures to prevent spread of the virus.

Leading real estate developers in the NCR have started disinfecting the society amid the

COVID19 scare in high rises in Delhi, Noida and Gurgaon. While realty develops Supertech is

offering the service to other societies as well, developers of senior housing are also doing it

voluntarily to stop spread of the virus.

“With the help of district medical officer, we were able to sanitise our Capetown society in

Sector 74, Noida. We have developed a expert team which can sanitise the flat and complex

where a positive case is found. We have told the district administration to use the team,” said

RK Arora, chairman of supertech group.

Beside, the developers who are managing the society are sanitising all entry points and closed

public areas including parks, gym, clubs and swimming pools.

DLF, which manages super luxury apartments in Golf course road in Gurugram, is also

disinfecting all common areas and elevators every two hours, with special attention to elevator

call buttons, panels and door handles with recommended disinfectants.

“Food delivery, couriers and other delivery vendors will also not have access into the complex.

Residents can avail of the golf cart service to collect the delivery from the service gate. We will

have golf carts available to shuttle you to and from the Golf Gates. Should you wish to provide

your staff with temporary accommodation in your apartment’s domestic quarters, you are

welcome to do so,” DLF said in a communication to the residents.

Since senior citizens are at greater risk, developers operating the senior citizen apartments, are

also taking extra measures to prevent spread of the virus.

“We are consistently screening all visitors, staff, maids, residents at entry gates for fever. Our

help desk is on alert and our helpline is ready to assist in case of any crisis situation. Since

senior residents are at a significantly higher risk of infection and slower recovery, we are taking

extra measures to regularly disinfect senior living premises, and our staff is taking all

precautions to keep themselves sanitised and disinfected at all times,” said Ankur Gupta, Joint

Managing Director Ashiana Housing Ltd. (AHL).

According to Anarock property consultants, senior living homes have become a respectable real

estate category - one which, in times of the COVID-19 scare, gains even more relevance.

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/real-estate-builders-

prepare-to-keep-residents-safe-during-lockdown/74783340

Page 11: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

“The aged are a high-risk group for the novel coronavirus - senior living projects have

healthcare staff, scalable facilities and processes in place to keep them safe. In-house doctors

and nursing, rapid access to hospitals and strict sanitation processes are not found in normal

housing projects. To meet the objective of maintaining a vibrant,” Anarock said.

“At this moment, it is important that each one of us do our bit in controlling the spread of

COVID-19. all our senior living and assisted communities across India have undertaken

necessary precautionary measures to protect their residents and are promoting healthy, safe and

secured living., for their residents , who incidentally are the most vulnerable, at this juncture,”

said Mansoor Dalal, Founder and Chairman, Association of Senior Living India.

________________________________________________________________

Page 12: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Promoters caught in MahaRERA & Covid-19 crisis, possession to

be delayed

The slowdown in the real estate sector is going to affect the buyers as delays are likely to

creep in for the possession of their dream homes.

The real estate market is staring at a major crisis with promoters having a tough time in

complying with MahaRERA deadline amid the outbreak of COVID-19.

The slowdown in the real estate sector is going to affect the buyers as delays are likely to creep

in for the possession of their dream homes.

Around 300 ongoing construction projects in the city and outskirts could get delayed by varying

time frames as against the stipulated deadlines, CREDAI office-bearers said. The actual number

of projects is expected to be more considering the construction activities of non-CREDAI

members.

Sunil Bedmutha, secretary of Aurangabad chapter president of Confederation of Real Estate

Developers’ Associations of India (CREDAI), said the construction activities were almost

stalled due to the current shut down. “The outbreak of COVID-19 was an unforeseen crisis

which has caught the builders and promoters off guard. Besides slump in ongoing projects, the

fresh booking inquires have been also plummeted in an unprecedented manner amid shut down

due to COVID-19,” he said.

Bedmutha said the flow of capital in the real-estate sector has been almost stalled. “The

payment from many buyers has been stuck due to the current shut down. As per the latest

directive, the banks have been asked not to undertake loan-related work that also includes

home-loan. The shut down as well as a dearth of funds is going to delay the ongoing projects,”

he said.

The CREDAI has approached Maharashtra Real Estate Regulatory Authority (MahaRERA)

with a plea to relax the existing rules in case of delayed possession of homes. The official

regulator in the field of real-estate, MahaRERA can ask the promoter to pay the home buyer a

monthly house rent and penalty as well for the delayed possession of flats.

“The COVID-19 is a natural calamity and therefore any delay in handing over the home to

buyers is inevitable. MahaRERA authorities must show a lenient approach towards the

promoters,” CREDAI office-bearers said.

Praveen Gunjkar, a buyer who has booked his dream home, was expected to get possession in

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/promoters-caught-in-

maharera-covid-19-crisis-possession-to-be-delayed/74785080

Page 13: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

June. “The builder had assured us that we can shift to our new home by the start of Monsoon. I

now fear delayed possession considering the overall set of conditions. Such a delay would

hamper my future planning including terminating rent-agreement with landlord and shifting of

my child to a new school,” he said.

Meanwhile, the current slump in the real-estate may offer an opportunistic time for buyers to

secure the property deals at a relatively lower cost. “The COVID-19 crisis will have an adverse

impact on the real estate sector and shortfall of capital is imminent even if the current crisis

subsides over a period of next few weeks. The builders and promoters are to be in dire need of

money once the shut down is over and could offer concession and attractive schemes for

buyers,” Jitendra Limbekar, a real-estate agent said.

________________________________________________________________

Page 14: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Covid-19: Credai-Maharashtra to provide ration to construction

workers

In its letter to all members across India, Credai urged developers to take care of their

workers and ensure their health check-ups well.

Developers’ body Credai-Maharashtra will provide one-month ration to construction

workers staying at sites across Maharashtra.

“With 3,000 Credai members in the state and another 1,000 developers registered under another

body in Mumbai, small allowances and ration will be provided for a month at least to

construction workers,” State Credai president Rajiv Parikh said.

In its letter to all members across India, Credai urged developers to take care of their workers

and ensure their health check-ups well.

It is estimated that nearly 30% construction workers were not reporting to project sites owing to

fear of infection and contractors are also not keen on pushing them. According to Credai, there

are around 20,000 ongoing projects across the country, which involves a workforce of about 8.5

million.

Pune Credai Metro president Suhas Merchant, in his note, said they would be reaching out to

workers to provide all the assistance in the Pune and Pimpri Chinchwad areas. “ We will

provide essential grocery items absolutely free of cost to these workers. We have earmarked

Rs25 lakh for this exercise and close to 10,000 workers at 200 construction sites will benefit

from it,” Merchant said.

Activist Nitin Pawar, however, said with the Covid-19 scare not to get over in a month, the

builders’ body should work out a scheme to ensure that the construction workers do not suffer.

A construction worker complained of “not enough facilities” at his work site.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/covid-19-credai-

maharashtra-to-provide-ration-to-construction-workers/74785197

Page 15: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Kerala: Limit on document registrations per day

The government, he said, had decided to increase the fair value of land by 10% from April

1, 2020, and the sub-registrar offices were witnessing a huge rush these days.

Public works and registration minister G Sudhakaran has directed the sub-registrar offices

across the state to limit document registrations per day to 20, to avoid queues and crowding in

the wake of Covid-19 threat in the state.

“A direction in this regard has been issued to the registration inspector general, who will be

taking necessary measures for implementation of the decision,” said a statement issued by the

minister here on Monday.

The government, he said, had decided to increase the fair value of land by 10% from April 1,

2020, and the sub-registrar offices were witnessing a huge rush these days.

In view of this, a request has been made to the state finance department to withhold the increase

in the land fair price till May 15, 2020, the statement said. Besides, the deadline for onetime

settlement of undervaluation of documents and that of arrears due from charitable societies has

been extended to September 30, the statement said.

Priority will be given to registration of various welfare schemes which have the government’s

financial assistance. The decisions were taken after discussions with the registration inspector

general, joint inspector general and other officials in the department, the minister said in the

statement.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/regulatory/kerala-limit-on-

document-registrations-per-day/74785380

Page 16: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Corona scare: Stamp duty collection dips by Rs 288 crore in Agra

According to officials, they have collected Rs 450 crore in 2019-20, which was Rs 738 crore

in the last fiscal, thereby incurring a loss of Rs 288 crore (30%) to the department.

The shutdown triggered by the spread of coronavirus has caused the stamp and registration

department in Agra district a loss of Rs 288 crore this fiscal.

According to officials, they have collected Rs 450 crore in 2019-20, which was Rs 738 crore in

the last fiscal, thereby incurring a loss of Rs 288 crore (30%) to the department.

On an average, 10 sub-registrar offices in the district used to carry out registration of as many as

100 properties daily. The number, however, reduced to 10 following the reports of coronavirus

spread in the first week of March. Meanwhile, the state government on Friday suspended the

registration of properties till March 31.

Munendra Kumar, deputy inspector general, stamp and registration department, said, “The

revenue collection for 2019-20 dipped by 30% as compared to the last financial year. None of

the sub-registration offices was able to reach the target due to the outbreak of coronavirus. Now,

the registration of properties has been stopped till March 31.”

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/regulatory/corona-scare-stamp-

duty-collection-dips-by-rs-288-crore-in-agra/74785217

Page 17: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Delhi proposes Rs 3,723 crore outlay for development of

unauthorised colonies

"Development work has been completed or in progress at 1,281 out of the 1,797

unauthorised colonies in Delhi. Work in all these colonies will be completed by the end of

2020-21," he said.

The Delhi government on Monday proposed an outlay of Rs 3,723 crore in its budget 2020-21

for development of unauthorised colonies and slum clusters. Presenting the budget in the

assembly, Deputy Chief Minister Manish Sisodia said the AAP government is committed to

provide better living conditions in unauthorised colonies and development work has been

started there in fast track mode.

"Development work has been completed or in progress at 1,281 out of the 1,797 unauthorised

colonies in Delhi. Work in all these colonies will be completed by the end of 2020-21," he said.

"For the development of infrastructure in these colonies, I propose a budget provision of Rs

1,700 crore in the budget estimates of 2020-21 against the revised estimate of Rs 1,520 crore in

2019-20," Sisodia said.

He announced 'Chief Minister Local Area Development' scheme to supplement the general

development work at the local level, and allocated Rs 400 crore for it, in addition to Rs 450

crore for the 'Mukhyamantri Sadak Punrothan Yojana'.

The deputy chief minister also announced 'CM Mohalla Suraksha Yojana' with an outlay of Rs

100 crore, aiming to take care of the safety and security of people.

Sisodia said the government has notified 'Mukhya Mantri Awas Yojna', under which the Delhi

Urban Shelter Improvement Board (DUSIB) is the nodal agency to take up in-situ rehabilitation

of slum dwellers by providing them 'pucca' houses as promised by the government under the

'Jahan Jhuggi Wahin Makan' during elections.

The DUSIB will shift people living in 138 JJ clusters to two-bedroom houses with a toilet,

bathroom and kitchen each, and the work shall be completed in the next two to three years, he

said.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/delhi-proposes-rs-

3723-crore-outlay-for-development-of-unauthorised-colonies/74783515

Page 18: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Pune civic body puts onus on housing societies over vigilance

Office-bearers will have to see whether home-quarantined people are adhering to rules

Finding it difficult to keep a tab on people asked to be home-quarantined to

control coronavirus disease (COVID-19), Pune Municipal Corporation (PMC) has now put the

responsibility on chairpersons of housing societies to see whether the respective residents are

confined.

The civic body officials have decided to distribute the list of citizens asked for home quarantine

to the chairpersons who will in turn have to inform PMC whether the residents are following the

norms. The officer-bearers of the housing societies have however claimed that it is virtually

impossible for them to follow it and the quarantined people should take proper care on their

own.

As the number of people testing positive for COVID-19 infection is going up, the district

administration is trying hard to keep people confined to their homes. The ones with travel

history or with any symptoms are being quarantined inside their homes while those with close

contacts are being put under institutional isolation or are taken to hospitals. As of Monday, at

least 1,778 citizens are quarantined in PMC limits, 1,021 in Pimpri-Chinchwad Municipal

Corporation zone, 109 within Nagarpalika limits, 228 in the Zilla Parishad area and 35 in

cantonment area. The total number citizens quarantined stands at 3171. Despite various

measures being taken, the quarantined people were found not observing social distancing

measures. Considering this, the officials have now decided to go a step further to implement

stricter measures.

After a meeting of PMC officials on Sunday, the civic body issued a new order regarding

quarantine. As per the order, now the responsibility of the quarantined patients will be of the

society officebearers. Speaking to Mirror, PMC commissioner Shekhar Gailwad said, “We have

started putting stamps on the hands of quarantined patients and are also putting stickers on their

homes. We will now distribute the list of quarantined people to the society chairperson and will

ask them to keep an eye on such residents. If the chairpersons find them outside their

quarantined existence, they will have to inform us so that we can take further action.”

The society office-bearers are obviously not happy with the move. Harish Navale, the chairman

of Rohan Ishan, Bavdhan, said, “We are already doing this on our level. We are not only

keeping an eye but are also helping citizens under quarantine by providing medicines and

grocery. But making compulsion and putting the responsibility on us might not be right in this

situation. If the office-bearers are made to take responsibility, we may have to resign from such

posts.”

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/residential/pune-civic-body-

puts-onus-on-housing-societies-over-vigilance/74785290

Page 19: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Chairman of the society on Sinhagad Road where the city’s first positive cases surfaced, said,

“It will be impossible to do this. If we take example of my building alone, there are 53 flats. If

there are four flats where people are home-quarantined, how do we keep an eye 24x7? It is for

the people to understand the seriousness and take steps to ensure that they don’t spread the

infection further.”

________________________________________________________________

Page 20: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Covid-19 impact: Societies in Ahmedabad shut their gates

A residential society in South Bopal has asked its members to collect their newspapers

from the mail boxes on the ground floor and milk from the gate of the society so as to

prevent the entry of the delivery personnel in society.

Several residential societies have banned entry of all the non-residents as a move to fight

against Covid-19 spread. With paranoia gripping various areas with news of positive and

suspected cases, the societies have also put in stringent rules for posting information internal

social media groups.

“More than 50 housekeeping and service staff members including domestic help as well as

cooks, gardeners and cleaners are employed at our society. We have decided to only allow

housekeeping staff to clean the society and that too for restricted hours in the morning. The

entry of all other members will be prohibited for the coming three days,” said Nishtha Patel, a

resident of Vejalpur.

A residential society in South Bopal has asked its members to collect their newspapers from the

mail boxes on the ground floor and milk from the gate of the society so as to prevent the entry

of the delivery personnel in society. Another society also put in hand sanitizer in the lift. “I have

not been able to deliver most of the parcels today because I was not allowed to enter.

Thankfully, at a couple of places, security guards took the parcels,” said Pranav Makwana, a

delivery personnel. The societies have made arrangements to receive groceries, fruits and

vegetables outside the society.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/residential/covid-19-impact-

societies-in-ahmedabad-shut-their-gates/74783546

Page 21: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Himachal Pradesh announces Rs 30 crore relief for construction

workers

About 1.5 lakh workers registered with the Building and Construction Workers Board

will be provided Rs.2000 as one-time relief, he added.

Himachal Pradesh Chief Minister Jai Ram Thakur on Monday announced a Rs 500-crore relief

package for the poor and the needy, and Rs 30 crore for construction workers who are likely to

face financial troubles due the coronavirus outbreak.

About 1.5 lakh workers registered with the Building and Construction Workers Board will be

provided Rs. 2000 as one-time relief, he added.

Besides this, ration including flour and rice for two months will be given to targeted public

distribution system card holders, he added.

In the same way, Rs 160.2 crore as first quarter pension will be released to social security

pension holders in the first week of April.

Elaborating, he said, Rs. 3000 as first quarter pension will be provided within a fortnight to

about 5.34 lakh social security pension holders including about 1.25 lakh widows and disabled

persons.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/industry/himachal-pradesh-

announces-rs-30-crore-relief-for-construction-workers/74783645

Page 22: 24-Mar-2020 · The REIT and InvIT within two working days from the receipt of details will have to disclose such information to every stock exchange where units of such trusts are

Covid-19: Occupants vacate farmhouses in Mahabaleshwar,

Panchgani

Occupants of farmhouses went back to their native places as the administration has asked

them to leave the jurisdiction of Satara district by noon on Monday.

A day after Satara district collector’s order prohibiting occupation of property

in Mahabaleshwar, Panchgani and surrounding villages by guests, many farmhouses were seen

empty on Monday.

Occupants of farmhouses went back to their native places as the administration has asked them

to leave the jurisdiction of Satara district by noon on Monday. Village-level officers and elected

representative alerted the occupants and owners of farmhouses about the order on Sunday.

District collector Shekhar Singh told reporters that the administration has conducted a survey in

Mahabaleshwar, Panchgani and surrounding villages as a part of execution of the order. “Those

found flouting the order will face action under the Epidemic Diseases Act and other relevant

legal provisions.”

The order was issued on Sunday following complaints by residents that many people, mainly

from Pune and Mumbai, had occupied farmhouses on rental basis, posing a threat of spread

of coronavirus.

Singh issued the order under the Disaster Management Act and Epidemic Diseases Act in the

capacity of chairman of the district level disaster management authority.

________________________________________________________________

Newspaper/Online ET Realty (online)

Date March 24, 2020

Link https://realty.economictimes.indiatimes.com/news/residential/covid-19-occupants-

vacate-farmhouses-in-mahabaleshwar-panchgani/74785236