Real estate will bounce back sooner than expected post Covid-19

COVID-19 has sent everyone in real estate to the drawing board. Marketing teams, sales teams, construction staff, etc, have been busy coming out with new solutions that can help the real estate sector minimize the impact. The talk of the town has been the rental situations, online marketing, investment scenario, revival of various segments, etc. To start with, we must understand that real estate is a necessity and not a luxury. People need homes, Entrepreneur need commercial establishments and corporates need office spaces. The utility of this sector in the overall GDP of the country can be understood from the …

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Demand for ready-to-move-in property rises as project delays shake buyer confidence

The share of ready-to-move-in inventory as a percentage of total sales rose to 20 per cent during the 2019-20 financial year as against 15 per cent in the previous fiscal. Demand for ready-to-move-in housing units is rising as project delays by multiple builders have shaken the buyers’ confidence in the property market.  the demand for ready-to-move-in residential properties is growing as customers have become risk-averse because of uncertainties involved in the completion of under-construction flats. The share of ready-to-move-in residential properties in the overall housing sales is expected to increase and may reach 30 per cent during this fiscal. With …

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