[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
On India Revival Mission Council, India’s real estate sector has been impacted by the
Coronavirus pandemic, what lies ahead is unprecedented and if there are any signs of
revival during the festive season.
The guest panel consists of Srikant, Chief General Manager, Real Estate Housing Business
Unit at State Bank of India, Niranjan Hiranandani, CoFounder and Managing Director at
Hiranandani Group, Sanjay Dutt, Chairperson at FICCI Real Estate Committee and
Managing Director and CEO at Tata Realty and Infrastructure and Anshuman Magazine,
Co-Chair CII Real Estate Committee and Chairperson and CEO India, South East Asia,
Middle East, and Africa CBRE.
Talking about the impact of Covid-19 on the real estate sector, Hiranandani said: "I never
imagined that real estate could suffer so much after two years of demonetisation, GST,
IL&FS catastrophe and so on. I thought we had a good year in 2020 till the pandemic
"The pandemic actually destructed the industry tremendously. Even after the migrant
labour left the site it was kind of devastating to see the sight of the poorest of poor the
migrant labourers were also badly affected," he added.
Talking about the increase in the demand for home loans, Srikant said: "Yes I fully agree,
there has been a good uptake in the rebound of real estate and demand in the home loan
segment has gone up like anything. Till July it was subdued but in August & September
post the lockdown was imposed."
Read more at: https://www.timesnownews.com/business-economy/economy/article/india-revival-mission-is-the-worst-over-for-real-estate-sector/669162
Have a nice day