Real Estate Consolidated 2021

Sanjeev Kathuria(Founder, Author & CEO at Torbit Consulting) - February 13, 2022 - - 0 |
Real Estate Consolidated 2021

Pandemic a health disaster which turned out to be a saviour for the real estate industry: especially the residential space.

Pandemic one brought the global economy to its knees and the govts across the globe stepped forward to save economies in turn mankind

Low-interest rates, stamp duty cuts, an extension of handover deadlines all support from the govt kept the consumer sentiment positive and industry moving

2021 started with a cautious approach with people buying apartments, plots, floors etc so as to secure their basic need of housing. Commercial space was and is facing headwinds

March – April 2021 saw an extreme attack of pandemic and everybody seemed to have lost a near or dear one.

But we won over pandemic 2 in no time thanks to the swift response from the govt and massive vaccination drive

The business is back to Pre-pandemic levels, hiring back and govt has opened its coffers to invest in infrastructure

Residential space is seeing massive off take and ready to move in inventory is almost over

New lunches are back

Interestingly luxury housing, independent floors are the flavour of the time

Tier 2 cities are doing exceptionally well and so are cities close to nature be it sea or mountains

Grade A office space is finding new traction

Warehousing the clear winner thanks to online shopping.

Innovative ways of marketing like content marketing and influence marketing showing good results

Q3 & Q4 are showing good numbers and hopefully, 2022 will be a better year for the industry

2021 can be labelled as the Revival Year for the Real Estate Industry.

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