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  • Abhishek Chaturvedi

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

sector.




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