What are the effects of corona pandemic in real estate?

With this new development of CORONA PANDEMIC there will be behavioral changes in consumption patterns because of the change in economic condition. The world economy is badly hit and the IMF first projections show a 0.5 % drop in world GDP.
US FED has brought down interest rates to zero. all countries in European Union France, Germany etc have announced huge stimulus packages to maintain liquidity

What was the prediction for real estate in early 2020?

Analysis at the start of the year (Real Estate Outlook 2020) gave thumbs up to commercial real estate together with a positive bias on warehousing spaces and student housing. Residential real estate was predicted to have a Luke farm response with affordable housing still the best bet through the year 2020,

What is the impact of world GDP dropped due to corona epidemic?

The world economy is badly hit and the IMF first projections show a 0.5 % drop in world GDP.
US FED has brought down interest rates to zero. all countries in European Union France, Germany etc have announced huge stimulus packages to maintain liquidity.

What are the measures steps that SBI is planning to take for control the market conditions?

The home loan rates to reduce further (SBI has already reduced its MCLR and the home alone reduced from 8.35 % to 7.75 %). With the reduction of home loans, the EMIs reduce and affordability increases. The housing market will get a booster and it is a super good time for the customer to buy his home

Can a developer use the corona epidemic situation as an opportunity to offload their inventory?

The developer can use this as an opportunity to offload their inventory and generate positive cash flow. this will help in completing projects and also paring debt.

Is this a stress-taking situation for the developer or can they use this criticalsituation as an opportunity in their own beneficial way?

This is the time for residential developers to go aggressive and sell their inventory and the commercial developers must be cautious enough in launching new space, on the other hand, they should focus on selling or leasing the current space available at current prices or even at a little lower price.

Which segment will see positive impact in current CORONA Pendamic ?

With the reduction of home loans, the EMIs reduce and affordability increases. The housing market will get a booster and it is a super good time for the customer to buy his home

What is the impact we could see on the commercial development with current Corona pandemic?

Commercial real estate will take a little hit. Industries will pause their expansion because of business being hit. The business will also see a reduction in manpower and also new employment will take a back seat. with these new developments new office space off-take will take a hit and also the current occupancy levels will see rationalization, consolidation leading to reduction

Sanjeev Kathuria is an entrepreneur and accomplished expert in a variety of areas pertaining to Real Estate such as land buying, liasoning, marketing, sales, construction and development. His chief interests lie in strategic sales and marketing as well as business development. Over the last decade, he has sold inventory worth Rs. 13,000 crores. Sanjeev’s strong value system and his integrity and commitment to his customers has been appreciated by everybody he has worked with. His new initiative of delivering quality content about real estate has been lauded by numerous industrialists and industry leaders.

Related Posts

Leave a Reply

My New Stories

The Role OF Strategy and Marketing in Real Estate
Torbit Help Chat
Send via WhatsApp