Stressed economic circumstances notwithstanding, several prospective homebuyers in Mumbai have bought their first-ever homes — while contending with a nationwide lockdown. Believe it or not, a handful of developers have also done decent business at a time when selling homes was touted as next to impossible. Lodha Developers has now […]
Survey Points Out That Potential Homebuyers Expect Correction in Property Prices after lockdown
Around 90 per cent of prospective homebuyers expect prices to fall due to adverse impact of COVID-19 outbreak, according to a survey by real estate classified platform 99acres.com. According to the survey, 40 per cent of the total prospective homebuyers, who were searching flats for purchase before lockdown, have postponed […]
Commercial Real Estate Industry After Corona Will Be A Type Of Vaccine
A couple of years back when the government setup the Smart City Mission, the word “Social Distancing” was never heard and no pandemic of such scale ever considered. The current pandemic and the specific hotspots clearly indicate that it is imperative to do a major urban city extension programme to […]
Mumbai Real Estate Needs To Find New, Bankable Developers To Grow And Evolve
Ever wondered the reason why real estate projects in Mumbai lack thought and imagination? It’s the same reason that Bollywood largely churns out mindless crap that masquerades as entertainment: Thought and imagination don’t really matter for success or failure. Earlier I used to be enthusiastic to view new projects and […]
Gopal Sarda, Kolte Patil Developers Opines That affordable And Mid-Segment Housing Will Witness Traction Post COVID-19
Post the coronavirus pandemic, real estate developers should focus on a mix of affordable and mid income segment housing to ensure sustained cashflows, as these are the categories that would bounce back first, Gopal Sarda, Group CEO, Kolte-Patil Developers Ltd told Moneycontrol. The listed Pune-based realty firm has projects spread […]
Reports Suggest That 78000 Ready To Move Homes are Unsold Across Prominent Cities
Around 78,000 ready-to-move-in housing units, valued at 65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants. It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked ready-to-move-in properties can leverage the COVID-19 period to their […]