Real Estate post Covid-19!
Updated: Oct 12, 2020
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Real Estate Post Covid-19
It has been nearly five months since there was a nation-wide
lockdown imposed by the government of India to curb the pandemic
which as of today has affected more than 18 lakh lives over the
country and nearly 90 million lives world wide, setting the entire
global market in jeopardy, businesses at risk and on verge of
shutting down, unemployment at the highest rate seen in the past
century. With few exceptions such as healthcare, pharmaceutical,
e-commerce to name a few industries are commencing at an
accelerating rate like never before. In such a chaotic mess, the
Indian Real Estate market which has seen a slump in terms of
growth since the demonetization that occurred about 4 years ago.
Though the Indian real estate market is reeling under the COVID-19
impact, market experts say that it can be a very positive time for
home buyers as they are at an unprecedented advantage to
negotiate good deals on ready-to-move-in options. Homebuyers are
also likely to benefit from all-time-low interest rates of 6%
per cent on home loans and reduced stamp duty benefits.
All in all, 2020 is a game-changing year for the industry stalwarts
depending on their strategies and executions and since the past
few years, it is remarkably the best till date year for investing in the