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How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

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How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

Last updated: 18 hours ago
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  • #61

    #61

    Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

    The fact of the matter is that all big Builders have investments from Politicians in their companies and these people have really big pockets. So, really won't be seeing Big Builders reducing the prices, at the most they may hold the prices for a few months.

    Smaller Builders with lesser deeper pockets are likely to buckle under the pressure, but since the input construction cost has factually increased owing to increase in Diesel and cement prices, reduction in the prices of apartments could be just for namesake.
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    • #62

      #62

      Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

      Originally posted by MANOJa View Post
      The fact of the matter is that all big Builders have investments from Politicians in their companies and these people have really big pockets. So, really won't be seeing Big Builders reducing the prices, at the most they may hold the prices for a few months.

      Smaller Builders with lesser deeper pockets are likely to buckle under the pressure, but since the input construction cost has factually increased owing to increase in Diesel and cement prices, reduction in the prices of apartments could be just for namesake.
      I think then we will see more builders sinking like Unitech, Jaypee, Amarpaali...

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      • #63

        #63

        Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

        Originally posted by anujwadhwa View Post
        I think then we will see more builders sinking like Unitech, Jaypee, Amarpaali...
        .....that may happen. We could see many big ships sinking.
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        • #64

          #64

          Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

          As per statistics, there has been a 27% drop in new completions till the first half of 2020.
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          • #65

            #65

            Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

            Some practical real estate experts expect an annual decline of 25-35% in home sales (top seven cities) in 2020.
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            • #66

              #66

              Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

              Housing sales in Pune down 23% in January-June: Report

              Housing sales declined to 38,018 units during January-June period of this year from 49,273 units in the corresponding period of the previous year, Gera Developments Managing Director Rohit Gera told reporters through video conference.


              https://www.indianrealestateforum.co...16#post2682316

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              • #67

                #67

                Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

                Many developers are now beginning to consider digital platforms as a vital source of property sales in and after the ongoing crisis.
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                • #68

                  #68

                  Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

                  Mumbai saw a drop of 70 percent in sales of residential houses during the period between April-June 2020.
                  Last edited July 29 2020, 09:01 AM.
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                  • #69

                    #69

                    Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

                    Top eight property markets see 5.4% decline in Q1 average prices

                    The National Capital Region (NCR) exhibited a maximum decrease in prices by 9 per cent while Bengaluru, Chennai, Mumbai Metropolitan Region (MMR) and Pune witnessed a drop of 4 per cent each.

                    https://www.indianrealestateforum.co...44#post2682444
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                    • #70

                      #70

                      Re : How will Coronavirus COVID-19 outbreak effect or impact Real Estate in India

                      RBI may allow one-time loan recast in construction & real estate, tourism and aviation sectors as they have been seeking such a relief since a long time owing to the economic shutdown that has affected these industries.
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