Big Story

50% of Real Estate Cases Under IBC Closed in 2020

Since the inception of the provisions for corporate insolvency resolution process (CIRPs) on December 1, 2016, a total of 4,008 CIRPs across various sectors had commenced as of September-end 2020. Of these, 473 have been closed on appeal or review or settled, 291 have been withdrawn, 1,025 have ended in orders for liquidation, and 277 have ended in approval of resolution plans. At present 1,942 CIRPs remain, for which banks and operational creditors are seeking resolution.




In a landmark stride, India’s COVID-19 Recovery Rate crosses 96%, one of the highest in the World

With a high number of COVID patients recovering every day and the sustained fall in the mortality rate, India’s steady trend of registering dipping active cases continues. 21,822 new confirmed cases recorded in the last 24 hours in the country whereas 26,139 new recoveries were registered in the same period. It has led to a net decline of 4,616 cases from the total active caseload.


Trends 2021 – How Working From Anywhere Is Set To Look Like…

It is now an unbearable cliché that 2020 has been the most disruptive and unprecedented year of this generation. While it has been an incredibly challenging period for the vast majority, there have been positive developments in terms of how we work, with flexibility and overall wellbeing put ahead of unfettered productivity for what may actually be the first time in living memory.



2020 Year-End Housing Market Review – At 1.38 lakh homes sold and 1.28 lakh fresh supply, housing bottomed out in 2020

2020 has been an unprecedented year due to COVID-19, causing all-round upheaval.  However, the residential segment was quick to pick up momentum in the last two quarters of 2020 on the back of growing homeownership sentiment – catalysed by the exigencies of the pandemic. This pent-up demand was further accelerated by the ongoing discounts and offers, the prevailing lowest-best home loan interest rates, and limited-period stamp duty cuts in states such as Maharashtra