Will the Indian real estate market witness a price crash due to Covid 19 impact?

Aug , 30
Will the Indian real estate market witness a price crash due to Covid 19 impact?

This question is well so relevant in almost every sector and business. Covid 19 created a kind of crisis that had not been witnessed for decades, no one was prepared and certainly, there wasn’t any contingency plan for it. It came all of a sudden and disrupted the whole world. It was expected that the real estate sector would face a huge blow due to the ongoing pandemic situation which is still very much far from getting over. But today, standing here are due to deadly waves of coronavirus infection, what is the scenario today?                                                                            Will the Indian real estate market crash down?

Let’s have a fact check of what coronavirus did to real estate so far.

It has been observed that in spite of the lockdown, the real estate market didn’t really see any price crash in 2020. The pricing of residential real estate almost stood up the crisis for all the major cities like Mumbai, Pune, Chennai, Kolkata, Bangalore and other tiers 1 cities. Though the pricing didn’t dip down to the unprofitable level, we have to admit that there were certain corrections in the prices that made the buying price go down slightly. However, it only increased the affordability for the buyers. 

Again, it will be nice to notice that sales and demand in the real estate market showed a healthy recovery sign as soon as the lockdown was loosened. The more affordable pricing combined with the reduction in property loan interest rates by the government posed a good recovery path for the real estate market.

Also, it should be noted that the cost of raw materials, transportation of materials, labour issues, and many other factors makes it impossible for developers to further lower their price. Therefore it can be safely assumed that real estate pricing is unlikely to go further down from this point onwards. However, another question that many investors are concerned about is whether the real estate market price will go up in the future?

Some experts are seeing the possibility of a marginal rise in real estate prices in the near future, however, the market is more prone to hold the current stability for some more time now. Therefore, if an investor is looking forward to parking their money at a competitive price, this is perhaps the best time to invest in real estate

Post a comment

Your email address will not be published. Required fields are marked *

AI IN REAL ESTATE Artificial Intelligence benefits of rental property best degree for real estate investing best places to invest in navi mumbai buy commercial property buy corporate office space buy office spaces buying a new home calculate square foot of house cement sector challenges facing in cement sector in 2021 co-operative housing societies laws commercial property commercial property for sale commercial real estate commercial real estate for sale commercial real estate in Navi Mumbai commercial real estate in Vashi commercial rental property commercial space for sale commercial workplaces corporate office space corporate office space in Navi Mumbai corporate office space in Vashi corporate park in navi mumbai corporate park in vashi Covid-19 impact on Indian Real Estate customized villa in khandala customized villa in lonavala Cyber works Greenscape Group CYBERCODE Greenscape Group digital real estate investment platform Eternia Greenscape Group factors affecting real estate market factors affecting real estate market in India future of digital real estate future of real estate greenscape developers greenscape group Greenscape Group Meraki greenscape navi mumbai Greenscape Realty greenscape vashi GS Royale Greenscape Group hedge fund collapse 2021 homeowners association rules housing societies impact of technology in real estate India real estate market India real estate market 2020 Indian Real Estate Market 2021 La Vista Greenscape Group legal documents for property luxurious office spaces of Navi Mumbai luxury property luxury villas Maharashtra Rent Control Act measuring tips for square feet of a house most expensive house in india office space for sale office space in navi mumbai office space in vashi open concept house design post pandemic Real Estate Investment premium Indian home buyers premium real estate company property investment property listings in real estate portals property sells real estate company real estate company in navi mumbai real estate company in vashi real estate growth in India real estate india real estate institution real estate investment schemes real estate investment tips Real Estate Investments real estate market Real Estate news real estate portals real estate project real estate projects real estate properties for sale real estate property real estate property in Navi Mumbai real estate property in Vashi real estate statistics in india real estate to invest in 2021 Real estate Trends Real Estate updates rent control act rental property investment residential property investment rules and regulations for rental property screen tenants for rental properties Stamp duty and registration charges in Navi Mumbai Technocity Greenscape Group technology template The Affaires Greenscape Group The Residence Greenscape Group The Springs Greenscape Group title trends in real estate market twitter v villa for sale work from home