Work from home (WFH) may have a big negative impact on India’s commercial real estate, with perhaps half-a-million sq ft of office space getting vacated. This will likely be a big blow to a sector that had seen substantial investment activity in pre-pandemic months. Some of India’s top professional services […]
Real Estate Pins Its Hope On Economic Package, Eyes On Meaningful Stimulus For Relief From Corona Virus
Representatives of the real estate sector have said Prime Minister Narendra Modi’s announcement of a Rs 20 lakh crore special economic package, equivalent to about 10 percent of India’s GDP and focusing on land, labour, liquidity and laws, is ‘much required’ and hoped that the details to be announced by […]
ANAROCK’s Survey Predicts that Wellness Inspired Real Estate Will Be in Focus In The Era Of COVID 19
As evidenced by ANAROCK’s recent COVID-19 edition of its consumer sentiment survey, homebuying sentiment is on a distinct rise. The world we live in has suddenly been sharply redefined. In times of unprecedented job insecurity, rent is a burdening expense, property ownership is a vastly more attractive investment rationale than […]
Rescuing Real Estate: Corona Shock Can Only Be Tackled If The Developers Undertake Bold And Agile Action
India’s residential real estate market has been battling multiple headwinds recently. The government-backed system clean-up through RERA, GST, demonetisation and the Benami Transaction (Prohibition) Act significantly impacted the housing sector. According to Knight Frank data, sales volume dropped by 10–15%, and new launches nosedived by 25-35% between 2014 and 2019, […]