Amidst the relaxation given by the development
June 29, 2020
Amidst the relaxation given by the development authority and the government, builders are now looking to waive the Common Area Maintenance (CAM) charge. According to a recent report by JLL India, the trend is emerging where developers are agreeing or reviewing the same occupiers. Developers are even discussing the extra rent-free period in major cities like Chennai, Kolkata, NCR, and Mumbai. The pandemic has deferred home buyers to make new purchases which have resulted in a 30% decline in sales in quarter 1 of 2020. The investments have also been declined by 58% from January to March 2020.