[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.
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 per cent of the economy
and is set to account for nearly 13 per cent 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.
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 micromarkets,
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.
Atmanirbhar Bharat and the increase in FDI are indicative of a strong recovery of commercial
real estate towards the second half of the year. Vacancies in retail, after an all-time high in
the pandemic, are already in decline and an increased uptake of the same is to be expected
Despite the short-term disruptions, India's commercial real estate sector continues to attract
interest from occupiers and investors looking at the long-term horizon. With further relaxation
provided by the government post COVID, employers and employees are seeking the right
balance of in-office and remote working options.
Read more at: https://www.businesstoday.in/opinion/columns/2021-outlook-is-it-wise-to-invest-in-indian-real-estate-market-in-2021/story/426808.html
Have a nice day