The on-going
COVID-19 affects on all kind of sectors. You can consider some of them like
residential and commercial real estate making, launching, selling and pricing
plays an important role in real estate. All are cuff by the COVID19 in India.
Lesser
demand, not sufficient number of labours, on-going projects is stuck. Economy
decreasing rapidly.All the concerned issues are taken very seriously these
days. Our Indian Government taking some important decision to back on track.
First and
secondquarter of 2020 rank calculated near about 50-31 respectively, stated by
FICCI-NAREDEO (real estate sentiment index).
15thapril
2020 government announced Rs.59 lakh crore KPMG. Are under the process of
development, construction there are lot of things are taken in consideration
with some guidelines.
We can
conclude some pros and cons
Pros:-
projects
which are close to completion can finish with a good resource available in
these days. Before COVID 19 PENDAMIC maximum steel products are imported from
china but now situation is different Indian government stated that some Indian
industries should manufacture steel product with good quality standard. With
this decision our Indian people will able to get a job, good salary and a good
work.
Many
developers are now majorly focused on completing the
existing project.
With the help
of digital platform these days all the people can launch their skims or
products or anything via digital platforms. People can go to work, live their
life the fullest in this environment.
Cons:-
About 6
months and above that economy suffering a lot because of COVID19 there is a
major outbreak and still have the same situation in terms of economy, in terms
of labours, in terms of money, in terms of production, developments and many
more.
Supply of
product is lesser than the demand. That’s why work is still going on it results
to working manual.
Shortage of
labours gives major impact in working environment, and need of money is now a
crucial step ahead.
Forcing to
purchase some products made in India have some challenges like quality
standards through which they have to pass.
The cost
affects a lot of every material they require. Site visit not possible every
time to launch or to see the views, with particular location.
Things
settle over a 12 month or it takes more time at least and for now steady
position acquired by non-banking companies and housing finance companies due to
financial issues.