Inner View of Pandemic on Real Estate Sector
Post on 26-May-2021.
Vizag
The time has become upside down, we cannot predict the market, if we thought of relaxing another new variant of pandemic is hitting, it is very hard to sustain any business especially the Real Estate Sector.
There is a moment in the Real Estate sector, the moment is not that huge as which creates momentum in the whole industry. People are the assets to this sector, due to pandemic and unending lock downs it's hard to expect much sales from Real Estate Sector in this year.
However People Will Buy:
Those who saved their incomes from very long time to purchase a home they will definitely buy a property. It might get bit delayed but definitely things will turn positive towards Real Estate Sector soon. Already half of 2021 is over now. Let's hope for the best days to turn a great start again for Real Estate Sector in 2021.
International Buyers are Going Behind:
Large number of NRI's going back to purchase a property at this momentum of second wave of covid-19. States are locked and many countries restricted India for touring and traveling from air. This is a huge impact on Real Estate Sector in India. Let's hope for the best to settle everything in India.
Rental Income and Vacation spots:
Those who thought of earning rental income, their dreams gone bad due to pandemic, many IT employees gone back to their villages because of this many rental houses are vacated. Due to lockdowns in the country many touring spots are closed down. It's hard time for those who have invested recently in properties.
Technology Transforming Real Estate In Pandemic:
Many realtors opting Digital Marketing to drive their business, it's a easy way to reach customers, generate leads and inform their customers about their upcoming projects and new trends in the market through social media platforms.
Conclusion:
Every problem gives a solution, and every solution drives us to a successful mission. So let's hope things will get back to normal, and definitely Real Estate has an edge over other sectors to continue it's never ending successful stories to give lot of revenue to the GDP of India.