The COVID-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities. With work-from-home a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better lifestyle – at more affordable prices, say reports. […]
Morgan Stanley: Demand For Real Estate Will Remain Weak For The Coming Six Months
Real estate is expected to be impacted badly in the near term due to the coronavirus pandemic, which has brought major economic activities to a stand still. To find more about property prices, CNBC-TV18’s Sonia Shenoy and Nigel D’Souza, spoke to Sameer Baisiwala, Executive Director at Morgan Stanley Research. Baisiwala […]
COVID-19 Effect: Will The Commercial Real Estate Every Return To Its Earlier Glory
As we approach the halfway mark of 2020, the dark cloud of COVID-19 looms over businesses across the country. This persistent outbreak’s most notable victim is the commercial real estate sector, which has not only suffocated cash flow impacting the ability of businesses to pay rents but also severely hindered […]
Real Estate In India After COVID-19: Developers Oppose Price Cut In Spite of Pressure
“Reducing real estate prices is a theoretical proposition as the I-T department will penalise you”, says Niranjan Hiranandani, President, ASSOCHAM & Co-Founder & Managing Director, Hiranandani Group. In a discussion with Tamanna Inamdar on India Development Debate, Hiranandani agreed developers should reduce their prices especially if they have borrowed money. […]
The realty’s reality, As It Stands Today
Since the deadly COVID 19 pandemic, everyone in the real estate industry is talking about a big price fall, but is this really possible? Let us assess the facts on the ground in Mumbai, especially for the co-operative housing society redevelopment projects. During 2008 to 2014, the real estate market […]