Skip to main content

Does CORONA COVID19 will affect Real Estate ?


Many of you having question now a days that carona will affect the market and mainly Real Estate?
       The answer is absolutely not! The reason behind this is, though the carona is affecting over all market temporary.
       If we think over this deeply we will come to know that customers of every industry are not coming from last few weeks.But main thing is that they are definitely going to come after carona viral gets controlled.
       We will try to study over this topic by taking some examples and cases :
Due to carona situation customers are not going out to buy clothes,  groceries , visit salons etc. from last few days but it doesn't mean that the vendors have loss some amount or it's down in their field. Because same consumer base is going come back to them once the carona situation gets all clear.
In case of real estate also, people want to buy  homes as it's March and festivals. But due to current situation people are avoiding to go out, which is good precaution. This will definitely affect real estate market, but it's temporary.
 So the conclusion is total turn over of all business is not going to get hampered, which happened in case of demonetization.
So now it's our responsibility not to spread negativity that "market is going to collapse" because just this thinking going to spoil over all market.

Current situation is temporary.
What we can do is take precautions and follow guidelines by the government.
Copy Right: Estate Meet

Comments

Popular posts from this blog

RERA Extended Date Of Completion | Estate Meet

Revision of Project Registration Validity and Extended Timeline for Statutory Compliances, in view of Covid 19 Pandemic.  Whereas, Globally, countries and governments are struggling to cope with health and economic crisis caused by sudden outbreak and rapid spread of Novel Coronavirus (COVID-19). Whereas, World Health Organization (WHO), On 11th March 2020, declared Novel Coronavirus (COVID-19) as a pandemic and called for the countries to take immediate actions to save human lives. Whereas, Since Mid-March 2020, Maharashtra Government by way of precaution and to stop this contagious virus from further spreading has been declaring controlled lockdowns, in the manner that partial workforce has been able to attend work / construction sites. Further, from 24th March 2020, a complete lockdown of the entire country for Twenty-One days (i.e. until 14.04.2020) has been declared, allowing only operation of select essential services. In view of these partial lockdowns / recent c

Good news for the housing sector and it will boost the real estate sector | Second economic package by FM Sitaraman

On 14th of  May 2020 Union finance minister Nirmala Sitharaman’s decision to extend the Centre’s Credit Linked Subsidy Scheme (CLSS) till March 31, 2021. The PMAY CLSS was launched with the objective of ‘Housing for All’ wherein eligible borrower is able to get a home loan from banks and housing finance companies at a subsided interest rate. The last date for anyone wishing to avail the PMAY CLSS scheme was March 31, 2020 but now stands at March 31, 2021. The date has been extended for both MIG-I and MIG-II categories.  The other category of LIG/EWS, however, has its last date of March 31, 2022. Those with income between Rs 6 lakh and Rs 12 lakh fall under MIG-I and get an interest subsidy of 4 per cent on a loan amount up to Rs.9 lakh. Similarly, those with income between Rs 12 lakh and Rs 18 lakh fall under MIG-II and get an interest subsidy of 3 per cent on a loan amount up to Rs.9 lakh. The move is also expected to increase jobs in the sector, and push demand for construction mater

The Central Park By The Runwal in chinchwad

Runwal the Central Park | Project in Chinchwad Pune: Runwal Group  Established in 1978, the Runwal Group is one of Mumbai’s premier real estate developers, operating in  the residential, commercial and organised retail verticals. With a robust track record of 51 delivered projects, with about 20,000 families living happily, the Group has continuously striven to keep the customer as a focal point in the designing, planning and  construction of all its projects.  Today, the Group’s steadfast focus on quality has led it to become an industry leader and a  market-driven construction company, renowned for trust and quality, along with on-time delivery. Runwal Group'S The Central Park :  Codename New Beginnings is a residential cluster of the most thoughtfully  designed 2, 3 and 4 BHK homes in Pune. Every apartment has been  optimally planned to effectively utilise every square inch of your home. The community consists of approximately 11* towers