The second wave of coronavirus caused chaos on real estate prices in India. Few could have predicted that Covid-19 would return with such a drastic change and kill so many people. Businesses are bearing immense and unimaginable losses as a result of the lockdown imposed in many states and districts. Realty prices may see upward…
Residential Sales Picked Up In The Second Half Of June 2021
2021-06-28T12:25:08+05:30Residential Sales Residential sales resumed in the second half of June 21 and are back to levels seen on September 20 (50 percent of pre-Covid levels), with a strong rebound expected in H2FY22, similar to the pattern seen in FY21. In 2021, the market share of bigger, better-organized developers increased from 40% to more than…
Residential Realty hit 85 million square feet in Q4FY2021
2021-06-13T12:25:44+05:30The Residential Realty sector had one of its best quarters in Q4 FY2021, with sales in the top eight cities approaching 85 million square feet (MSF), representing among the highest levels of sales in the previous 20 quarters. Based on ICRA analysis, Q1 FY2021 saw one of the worst demand crashes in the sector’s history,…
Home Loan EMI How To Pay It Off If You lose Your Job Due To Pandemic?
2021-06-11T11:48:01+05:30Home loan EMI how would a person pay it if they lose their job? well As the second wave of the Coronavirus pandemic takes massive proportions (India is currently reporting around four lakh new infections and more than 3,000 deaths on a daily basis), those who service long-term loans, such as home loans, have additional…
As raw material costs rise, property prices rise
2021-06-07T10:55:55+05:30Raw material costs rise Prices of key raw material such as cement, iron, and steel are rising rapidly, adding to the problem. The second wave has thrown a spanner in the works for the real estate industry, just as it was recovering from last year’s onslaught of corona pandemic. Prices for these items have risen…
Affordable Housing Demand May Rise After The Second Pandemic
2021-06-05T13:07:09+05:30Affordable Housing Demand: The year 2020 was credited as the year of recovery for the real estate industry, particularly the housing sector. The real estate market had just begun to equilibrate after three years of slow business momentum caused by demonetization, the implementation of GST, and the realty law RERA. All of these forecasts and…
Covid-19: A Blessing In Disguise For The Residential Sector
2021-06-05T13:01:48+05:30With the breakout of Covid-19 bringing the world to a halt, the year 2020 was undoubtedly unprecedented. Many people were taken aback by the severity of the virus, which caused scarcity in healthcare systems and a significant drop in the global economy. With the pandemic’s resurgence, the pandemic continues to wreak havoc all over the…
The Real Estate Sector Experiences Growth A Year After The Pandemic
2021-06-02T14:52:45+05:302020 was a year of significant change in the real estate sector, and 2021 will be a year of adjusting to those changes. With the arrival of new imagination and digital transformation, change became the “new normal.” It is now abundantly clear that 2021 will not brush aside the challenges of a pandemic-riddled economy; rather,…
A technology-driven recovery for the real estate industry after COVID-19
2021-06-02T14:49:20+05:30A technology-driven recovery: You may be sick of hearing about COVID-19, its impact, and its consequences, but let’s face it: this virus isn’t going away anytime soon. As a result, it is critical to understand the accomplishments of companies that are both overcoming the challenges it presents and adapting to the new dynamics. If you…
Realty Sector Contribution Towards GDP By 2030
2021-06-01T12:52:46+05:30Realty Sector Realty Sector will contribute 10% of the GDP by 2030, according to Union Housing and Urban Affairs Secretary, Durga Shanker Mishra. Mishra was speaking about the launch of the housing price index (HPI) in collaboration with industry body NAREDCO, which will allow homebuyers, investors, real estate developers, and policymakers to track high-frequency price…
The real estate market 2021 will be shaped by these trends
2021-05-28T12:42:10+05:30Today, the real estate market 2021 is one of the most resilient, overcoming the pandemic’s effects and achieving higher-than-average results in a short period of time. Furthermore, the government’s unprecedented fiscal and monetary stimulus has boosted the real estate sector and helped it stay afloat during the crisis. There are a few changes that may…
The residential segment will be shaped by emerging trends this year
2021-05-28T12:37:33+05:30The residential segment was the only bright spot in an otherwise bleak 2020 for the real estate industry. Following a period of being on the back foot at the start of the pandemic, the residential segment was successful in deflecting the covid curveball, demonstrating remarkable resilience and registering massive sales in Q3 and Q4 2020,…
Bangalore real estate market outlook for 2021
2021-05-27T13:09:30+05:30With the addition of new projects, Bangalore real estate market is expected to revive with an impressive flourish in 2021, as sales are also expected to recover. With the lowest inventory overhang among India’s top seven cities, Bangalore real estate may be able to regain its lustre sooner. Given the performance of sales in Q3…
COVID-19 second wave: Will real estate prices correct further?
2021-05-26T11:47:18+05:30COVID-19 second wave With the second wave of COVID-19 wreaking havoc, it’s understandable that the focus has remained on safety and health. As a result, there has been a drawback. Because of stricter movement restrictions, homebuyers are unable to visit construction sites or builder offices to view or book properties. Construction activity has hit significantly…
Is the Coronavirus outbreak going to affect property prices in India?
2021-05-24T11:44:22+05:30Coronavirus outbreak Despite of Coronavirus outbreak, there was a slight increase in home sales during the January-March 2021 period, India’s eight prime housing markets saw almost flat price growth. However, the housing markets of Ahmedabad and Hyderabad remained exceptions, with both cities seeing a 5% annual increase in prices. This growth, particularly in Ahmedabad, could…