MUMBAI REAL ESTATE MARKET 2021

“Change is the only thing constant”- this is indeed true when we take a look at the emerging trends and numerous changes likely to be witnessed in the post-pandemic era. The financial repercussions of COVID 19 are unimaginable, and along with the world at large still coming to terms with these changes, the real estate industry are trying hard to rise just like the proverbial “Phoenix Bird Rising from the Ashes.”  The ongoing pandemic has slowed the progress of numerous ongoing real estate projects , as many projects have been halted due to lack of manpower, scarcity of production material, or as a preventive measure against the spread of the virus. This in turn has caused a deficit of funds and reduction in revenue as a result of extended timelines, deferred payments, and canceled deals. This slowdown is reflected not only in metros like Mumbai, Bengaluru, Delhi, Gurugram but also in other Tier-I and Tier-II cities.   This unexpected delay, and the prevailing economic crisis looming o

Learn to expect the unexpected ”- This is the new mantra trending in 2020. The sudden manifestation of a virus,  Covid-19  has left not only the nation but the entire world grappling with numerous issues. Although the primary concern is health and wellbeing, other sectors such as  real estate  to have been showing alarming trends. In fact, Mumbai, the commercial capital of India has been one of the worst affected, not just in terms of dealing with the health crisis, but also in terms of dealing with the economic crisis and the shifting trends in the  real estate sector .  Changes in lifestyle, income and working models of people and organizations will truly have an impact on the  real estate industry , and here we share some insights into  what to expect from the Mumbai real estate industry after the lockdown .   With most workplaces shut since the onset of the pandemic, people have been working from home, in most cases. Despite this, many organizations have had to bear the

During this contagion phase, now individuals need not worry about selling their houses at rock-bottom prices, and adversely affecting their bottom lines. During pandemic situations, when the  entire economy is reduced to rubbles, one of the worst hit areas of investment in real-estate.   During this period, especially in the current existing COVID-19 scenario, many people are afraid to invest in new property.   This untoward worry may showcase a drop in the real estate sector prices, but nonetheless, compared to other sectors, this decline is quite negligible, and despite the myths surrounding it, the real estate the industry is still considered to be one of the fairly stable sectors. During the pandemic phase, many property holders have succumbed to the blanket of scare of property prices sliding down a steep slope. However, a smart seller will never have to worry in this situation. As rightly quoted by one of the greatest investors Warren Buffet, “Look at the market fluct