God is in the Details

April – June 2021

Kiara Kronicle

Dear Friends & Colleagues,

I wish and hope that this newsletter finds you safe and in good health. As I am penning this article, thankfully, the spread of the COVID-19 pandemic in India seems to have been controlled, as is evidentin the reduced number of cases. However, we all need to continue to adopt the precautionary and safety protocols, to ensure that every imminent and looming third wave is not as horrific as the first two ones.

The work in your ‘Kiara Residency’ project is progressing rapidly. We have completed the structural work for the three towers, the painting, flooring, plumbing and other allied work has already commenced. The main entrance gate has been erected and we have now started working on the amenities of the project. It is the right time for you to visit the site to witness your future home.

In this newsletter, I intend to share some details about the significance of ‘specifications’ in a real estate project.

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Homes with Relationships

January – March 2021

Dear Friends & Colleagues,
I wish and hope that this newsletter finds you safe and in good health. The rapid spread of the COVID-19 pandemic has created an unprecedented environment and in these testing times, I wish to reach out to you to make sure that you and your near ones are safe. At Kiara, our customers, contractors, partners, employees, and community at large are always our priority, and through this newsletter, we attempt to
build relationships apart from enriching lives.

India finds itself in the grips of the second wave of infections, although most of the cases have been concentrated in six states. In the states where cases have spiked, the governments have been quick to impose limits on movement, leading to concerns that such localized lockdowns may hamper economic recovery. All said and done, the economic recovery is likely to be delayed because of these sudden aberrations, but given the resilience shown in the past, the future is certainly going to be bright.

Regardless of these unfortunate but challenging circumstances, the construction activity in your ‘Kiara Residency’ project continues uninterrupted. As a matter of fact, I am delighted to advise you we have now almost completed the entire structure of the project i.e., the three towers have been constructed, the imposing main gate signifying the entrance to this beautiful project has been erected and the work on the boundary wall is in progress. The completion of the structure and the other activities has now provided the much needed ‘form’ of this edifice.

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October – December 2020

Dear Friends & Colleagues,
As the effects of COVID -19 are felt around the world, real estate in general is being impacted in many different ways. The human and business impact of the COVID-19 pandemic continues to unfold globally. The rapid pace at which the pandemic is spreading and global actions to curtail it are having an unprecedented impact on the way we live and do business. While it is early to fully understand the impact of these events, history can serve as a valuable source of information as we look forward. Over the past century, external shocks such as an epidemic or a pandemic followed by an economic downturn have had an immediate to short-term impact on commercial real estate (CRE) asset prices, but minimal influence on transaction activity. However, the CRE industry recovered from these events at varying paces. While event-oriented downturns showed a quicker rebound, longer-term events, such as the 2008 recession, resulted in a more protracted recovery. As a rule of thumb, the industry has historically lagged the broader economy by six months in terms of experiencing the effects. But the expansiveness, depth, and unprecedented reach of this pandemic has started impacting the CRE industry much sooner. The evolving economic situation has had a significant influence on property owners, brokers, developers, and prospective home buyers.

It is with pride that I can advise you that your ‘Kiara Residency’ project, although impacted by the global pandemic, has progressed unabatedly. The pandemic – enforced lockdown was forced in the second half of March 2020 and due to this the construction in the ‘Kiara Residency…

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