Lockdown impact: CREDAI Pune writes to Maha govt

09 Apr 2021 Editorial Team

The Pune chapter of the Confederation of Real Estate Developers Associations of India (CREDAI), the apex body for private real estate developers, has written to the Maharashtra government about contradictions in the recent break-the-chain lockdown order pertaining to the real estate sector.

CREDAI’s letter states that the site offices and construction activities of realtors are allowed, but the head offices have been asked to stay shut━hampering work because allied operations run primarily from the head offices.

The letter mentioned that several verticals such as marketing, sales, bills recovery, payment of labourers and suppliers need office spaces to function properly.

CREDAI Pune Metro, which is an association of builders and promoters in Pune and Pimpri-Chinchwad municipal areas, has around 1,400 members.

Over 5,000 construction projects in Pune, Pimpri-Chinchwad and Pune Metropolitan Region Development Authority (PMRDA) had come to a halt due to the Covid-induced lockdown last year.

As the so-called second wave of the pandemic strikes a repeat of the health crisis in the state, especially in Pune, Maharashtra government has clamped down restrictions announcing weekend lockdown and night curfew across the state. Pune Municipal Corporation has also ordered the closure of all establishments and markets except the essential services shops till April 30.

Image Source

Also read: New construction guidelines in Maharashtra during Covid

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..