The real estate sector in India in the Post-Pandemic era is expected to do much better with the investments largely driven into the mid and luxury segment housing sector, including 2/3 BHK flats available at much-lowered prices. Better days are expected in this year 2021 from the perspective of the investment in the real estate sector. Amidst the growing inclination of buyers and investors towards homeownership, It can be certainly said that the demand for residential properties would be high in the coming year. Stick to the given trends on various aspects of Real estate:
Indian housing Sector Post-Covid19
The strike of nCoV or the novel coronavirus spread has led to the delay in kickstarting the real estate housing sector demand. To infuse the demand in the sector, the government is expected to intervene with the announcement of packages or new policy or further interest rate cuts so as to attract angel investors.
Homebuyers In India Post-Covid19
With the current situation of the market wherein, the interest rate charged on home loans had already been reduced below 7% and the inclusion of high tax-exempt are among all such measures which will certainly influence the consumer behaviour for good. Adding on to this the rebate against home loan interest payment is as high as Rs 3.50 lakhs per annum. Witnessing the current situation there are chances that the Covid 19 outbreak is likely to impact consumer behaviour, at least by the medium term.
Builders In India Post-Covid19
The small, mid, large set of builders all are witnessing a drastic dip in the business with the numbers of closing deals encountering a slump hit of an all-time low. Right now the builder segment has pinned their high hopes on the government as they sheerly expect some relief or further interest rate cuts so as to release their long stuck inventory on MSP. They also rest their hopes on the financial support from the NBFCs, a key source for housing sector funding so as to make borrowing easy and deliver projects within the promised timeline.
Office Space In India Post-Covid19
Slowly and steadily the demand in deal makeups for office spaces on rent or lease is expected to witness positive signs as the workforce is resuming the offices (where work from home model is scrapped or is not an option anymore). With offices ensuring the necessary caution protocols to maintain the health of their employees.
Mall Developers In India Post-Covid19
This year in 2021, the mall’s developments projections state that there are nearly 54 malls Ready to be launched across India. But seeing the covid19 unending effect, only five newly built malls have initiated their operations in some of the suburbs of metropolitans of the country, these specifically includes Gurgaon, Delhi, Bengaluru and Lucknow.