2021 outlook: Is it wise to invest in the Indian real estate market in 2021

 2021 outlook: Is it wise to invest in the Indian real estate market in 2021?

With improved buyer sentiment, we see a positive impact on the fence-sitters who will now come out and invest, further increasing the demand for more dynamic layouts considering the new normal



The real estate market in India is one of the pallbearers of the economy, it is the second-highest employment generator in the country after agriculture. The sector is deeply interlinked to as many as 220 allied sectors. The sector accounts for nearly 6-7 percent of the economy and is set to account for nearly 13 percent by 2025 if all reform measures announced are executed well. The sector has been one of the biggest wealth creators in the past few decades.   

After temporary shocks in light of structural reforms such as GST and RERA, the enhanced liquidity in the banking system and a restoration of buyer confidence were slowly trickling through in the real estate sector before COVID-19 hit Indian shores. Therefore, the pandemic-influenced slump is, at best, a short-term blip across all sectors of the economy. With the rollout of the vaccine and resumption of normalcy, the real estate market will certainly bounce back with renewed vigor.

ALSO, READ The real estate industry 2021: What can the sector look forward to? Is the worst behind us?

The pandemic may, in 2021, affect buyers' preferences in terms of choice of real estate: larger layouts with higher safety, hygiene, and captive amenities may find their way to more takers. In terms of commercial real estate, satellite offices in non-conventional micro-markets, i.e. outside the CBDs ( Central Business Districts) will be absorbed faster and more effectively.   

With the wide adoption of WFH (Work From Home) across the IT sector, ITeS buildings may face medium vacancies through the first quarter of 2021 but as the threat of COVID is mitigated, we will see greater absorption in Q2 and the second half of the year.   



Comments

Post a Comment

Popular posts from this blog

How to Create the Ultimate Social Media Marketing Strategy as a Real Estate Agent

Image
  How to Create the Ultimate Social Media Marketing Strategy as a Real Estate Agent   As a real estate agent or broker, you have to get on social media if you want to be able to compete in the industry and to continue  generating leads . The good news is that this segment of digital marketing doesn’t require any specific technical skills or previous experience. All that’s needed is to create a strategy and start implementing it, diligently and systematically. To help you get started, we’ve put this guide on how to develop the ultimate social media marketing strategy as an agent. Decide Which Social Media Networks to Use The first step in creating a real estate marketing strategy for social media is to select the platforms on which you want to create accounts. Each network offers different pros and cons, which means that you need to be present on a few of them in order to maximize your benefits. Marketing your business on several will help you reach out to the widest audi...
Read more

How EPF can help you buy your Dream Home – 5 things you should know

Image
How EPF can help you buy your Dream Home – 5 things you should know Buying a Home is once in a lifetime decision, and is probably the biggest investment for any of us. Various new policies have been introduced to assist home buyers. However, one requires in-depth financial planning to ensure the right funding for their home purchase. One of the latest schemes is the EPF housing scheme that allows EPFO subscribers to use 90% of their savings in EPF for EMI payments or for financing their down payment. The new scheme has raised a lot of questions in the mind of home buyers. Let us help you with solutions to some of the most common queries on the EPFO housing scheme: 1 . Are there any benefits of subscribing to the EPFO? Yes. It is an additional source for helping EPFO subscribers to fund their new home. You can not only reduce your loan amount but also get your interest on home loans reduced. 2 . Am I eligible? To withdraw EPF for purchasing a home, you must be a subscriber of the EPFO s...
Read more

Real estate in India perform in 2021

Image
  R eal estate in India perform in 2021 The residential sector is among those which witnessed a robust recovery during the unlock phase during the year 2020. As the year 2020 closes in, the hopes run high with the arrival of  a replacement  year,  a replacement  beginning  that  the planet  has already pressed the “Reboot Button”. Many sectors have witnessed the emergence  of the latest  trends with many businesses being transformed  within the  Covid era. The office sector has witnessed an absorption of about 29 million  square feet  within the  top five metros, which is about 30%  but  the annual absorption of 2019. However, in 2021 the office absorption  is predicted  to rise to around 40.0 million  square feet , which is  on the brink of  the 2019 figures. In the office sector, Bangalore and Hyderabad are expected  to possess a  60% share  within the...
Read more